Reddit, Inc. (RDDT) Income Statement
RDDT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsRDDT revenue and net income
Where RDDT's revenue goes
2025Each bar shows an amount and its share of revenue. RDDT kept 24.1% of revenue as net income.
RDDT profit margins
RDDT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +69.4% | +48.9% | +57.3% | — |
| Gross profit | +70.7% | +52.9% | +63.1% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
RDDT quarterly EPS vs estimates
Reddit beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 29, 2026 (estimate $1.30).
RDDT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | $2.20B | $1.30B | $804.0M | $666.7M | $484.9M | $228.9M |
| Cost of revenue | $194.2M | $123.6M | $111.0M | $104.8M | $72.6M | $55.0M |
| Gross profit | $2.01B | $1.18B | $693.0M | $561.9M | $412.4M | $173.9M |
| Research & development | $783.1M | $935.2M | $438.3M | $365.2M | $257.0M | $117.5M |
| Sales, general & admin | $783.2M | $802.0M | $394.8M | $368.9M | $282.6M | $118.9M |
| Total operating expenses | $1.57B | $1.74B | $833.2M | $734.1M | $539.6M | $236.4M |
| Operating income | $442.0M | −$560.6M | −$140.2M | −$172.2M | −$127.2M | −$62.6M |
| Income before taxes | $528.7M | −$485.2M | −$87.0M | −$157.9M | −$127.6M | −$59.1M |
| Income taxes | −$1.0M | −$931,000 | $3.8M | $622,000 | $340,000 | $102,000 |
| Net income | $529.7M | −$484.3M | −$90.8M | −$158.6M | −$127.9M | −$59.2M |
| EBITDA | $544.6M | −$469.6M | −$73.3M | −$149.9M | −$124.7M | −$57.1M |
| EPS (diluted) | $3.99 | −$6.90 | $0.21 | −$0.97 | −$0.78 | −$0.36 |
| Gross margin | 91.2% | 90.5% | 86.2% | 84.3% | 85.0% | 76.0% |
| Operating margin | 20.1% | −43.1% | −17.4% | −25.8% | −26.2% | −27.3% |
| Net margin | 24.1% | −37.2% | −11.3% | −23.8% | −26.4% | −25.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $804.9M | $663.4M | $725.6M | $584.9M | $499.6M | $392.4M | $427.7M | $348.4M | $281.2M | $243.0M | $249.8M | $207.5M |
| Cost of revenue | $70.3M | $56.3M | $58.7M | $52.5M | $45.9M | $37.1M | $31.8M | $34.6M | $29.5M | $27.6M | $28.9M | $26.4M |
| Gross profit | $734.6M | $607.1M | $666.9M | $532.4M | $453.7M | $355.3M | $395.9M | $313.7M | $251.7M | $215.3M | $220.8M | $181.1M |
| Research & development | $231.3M | $207.2M | $198.9M | $196.4M | $196.6M | $191.3M | $188.6M | $166.7M | $142.8M | $437.0M | $111.6M | $108.3M |
| Sales, general & admin | $271.6M | $217.0M | $236.2M | $197.5M | $189.4M | $160.1M | $154.3M | $140.2M | $139.9M | $367.6M | $106.2M | $92.4M |
| Total operating expenses | $502.9M | $424.2M | $435.1M | $393.9M | $386.0M | $351.4M | $343.0M | $306.9M | $282.7M | $804.6M | $217.8M | $200.7M |
| Operating income | $231.7M | $182.9M | $231.8M | $138.5M | $67.7M | $3.9M | $52.9M | $6.9M | −$31.0M | −$589.3M | $3.0M | −$19.6M |
| Income before taxes | $256.8M | $205.7M | $254.8M | $160.6M | $88.9M | $24.4M | $70.0M | $29.8M | −$10.3M | −$574.7M | $19.5M | −$6.9M |
| Income taxes | $4.0M | $1.7M | $3.2M | −$2.1M | −$439,000 | −$1.7M | −$1.0M | −$31,000 | −$216,000 | $365,000 | $942,000 | $445,000 |
| Net income | $252.8M | $204.0M | $251.6M | $162.7M | $89.3M | $26.2M | $71.0M | $29.9M | −$10.1M | −$575.1M | $18.5M | −$7.4M |
| EBITDA | $261.1M | $187.1M | $259.0M | $164.5M | $92.8M | $28.4M | $74.1M | $33.8M | −$6.5M | −$571.0M | $23.2M | −$3.6M |
| EPS (diluted) | $1.25 | $1.40 | $1.68 | $1.26 | $0.92 | $0.13 | $0.36 | $0.59 | $0.34 | −$8.19 | $0.21 | — |
| Gross margin | 91.3% | 91.5% | 91.9% | 91.0% | 90.8% | 90.5% | 92.6% | 90.1% | 89.5% | 88.6% | 88.4% | 87.3% |
| Operating margin | 28.8% | 27.6% | 31.9% | 23.7% | 13.6% | 1.0% | 12.4% | 2.0% | −11.0% | −242.5% | 1.2% | −9.4% |
| Net margin | 31.4% | 30.7% | 34.7% | 27.8% | 17.9% | 6.7% | 16.6% | 8.6% | −3.6% | −236.7% | 7.4% | −3.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in RDDT's financial statements (latest annual report filed February 6, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
RDDT financial results
In fiscal year 2025 (ended December 31, 2025), Reddit reported revenue of $2.2 billion, up 69.4% from the year before. It had net income of $529.7 million, a net profit margin of 24.1%. Diluted earnings per share came to $3.99. Over five years revenue grew at an average rate of 57.3% a year.
See the RDDT stock overview for the latest quote and news, or the RDDT chart for price history and technical indicators.
RDDT income statement FAQ
What is Reddit's annual revenue?
Reddit reported total revenue of $2.2 billion for fiscal year 2025, which ended on December 31, 2025. That was up 69.4% from $1.3 billion the previous year.
Is Reddit profitable?
Yes. Reddit reported net income of $529.7 million in fiscal 2025, a net profit margin of 24.1%; its operating margin was 20.1%.
What is Reddit's gross margin?
Reddit's gross margin was 91.2% in fiscal 2025: for every $100 of revenue, Reddit kept $91 after the direct cost of its products and services.
How much does Reddit spend on research and development?
Reddit spent $783.1 million on research and development in fiscal 2025, 35.6% of revenue.
How fast is Reddit growing?
Revenue grew 57.3% a year on average over the last five fiscal years, from $228.9 million to $2.2 billion.
What are Reddit's earnings per share?
Reddit earned $3.99 per diluted share in fiscal 2025, compared with $-6.90 a year earlier.
When will Reddit report its next earnings?
Reddit is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 after the market closes.
When does Reddit's fiscal year end?
Reddit's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 6, 2026.