Reddit, Inc. (RDDT) Key Metrics
RDDT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $30.04B
- Enterprise value
- $26.47B
- P/E (TTM)
- 36.3
- Forward P/E
- 23.2
- PEG ratio
- 0.76
- Price / sales
- 10.8
- Price / book
- 8.9
- EV / EBITDA
- 33.0
- Dividend yield
- —
- Beta
- 2.05
RDDT key metrics, 2020–2025
Fiscal year ended December 31, 2025 · U.S. dollarsRDDT valuation Price multiples at each fiscal year-end price.
RDDT returns How much profit the business earns on the capital it uses.
RDDT per-share figures Results divided by the shares outstanding at year-end.
RDDT financial health Debt, liquidity and how easily interest is covered.
RDDT efficiency & capital use Working capital cycle and where the cash goes.
RDDT valuation history
RDDT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
RDDT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
RDDT cash returned to shareholders
RDDT price vs earnings per share
RDDT key metrics
2020–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Valuation | ||||||
| Market capitalization | $46.46B | $29.47B | — | — | — | — |
| Enterprise value | $44.00B | $27.66B | — | — | — | — |
| P/E ratio | 87.7 | — | — | — | — | — |
| Price / sales | 21.1 | 22.7 | — | — | — | — |
| Price / book | 15.9 | 13.8 | — | — | — | — |
| Price / free cash flow | 67.9 | 136.6 | — | — | — | — |
| Price / operating cash flow | 67.2 | 132.7 | — | — | — | — |
| EV / sales | 20.0 | 21.3 | — | — | — | — |
| EV / EBITDA | 80.8 | — | — | — | — | — |
| EV / free cash flow | 64.3 | 128.1 | — | — | — | — |
| Earnings yield | 1.1% | −1.6% | — | — | — | — |
| Free cash flow yield | 1.5% | 0.7% | — | — | — | — |
| Share price at fiscal year-end | $229.87 | $163.44 | — | — | — | — |
| Per share | ||||||
| Revenue per share | $10.90 | $7.21 | $4.92 | $4.08 | $2.97 | $1.40 |
| Earnings per share | $2.62 | −$2.69 | −$0.56 | −$0.97 | −$0.78 | −$0.36 |
| Operating cash flow per share | $3.42 | $1.23 | −$0.46 | −$0.58 | −$0.80 | −$0.38 |
| Free cash flow per share | $3.39 | $1.20 | −$0.52 | −$0.61 | −$0.81 | −$0.40 |
| Cash per share | $12.25 | $10.21 | $7.43 | $7.75 | $8.65 | $2.22 |
| Book value per share | $14.49 | $11.82 | −$2.53 | $9.03 | $9.60 | $2.81 |
| Tangible book value per share | $14.21 | $11.44 | −$2.87 | $8.61 | $9.52 | $2.77 |
| Capex per share | $0.03 | $0.03 | $0.06 | $0.04 | $0.01 | $0.02 |
| Debt per share | $0.11 | $0.15 | $0.16 | $0.12 | $0.08 | $0.12 |
| Shares outstanding | 202.1M | 180.3M | 163.3M | 163.3M | 163.3M | 163.3M |
| Change in shares outstanding | +12.1% | +10.4% | 0.0% | 0.0% | 0.0% | — |
| Returns & profitability | ||||||
| Return on equity (ROE) | 20.9% | −56.4% | — | −10.4% | −12.6% | −12.9% |
| Return on invested capital (ROIC) | 111.6% | — | — | −68.8% | −70.7% | −42.5% |
| Return on assets (ROA) | 19.0% | −24.6% | −5.7% | −9.8% | −11.8% | −11.3% |
| Return on tangible assets | 16.7% | −21.3% | −5.9% | −10.3% | −7.8% | −11.4% |
| Free cash flow margin | 31.1% | 16.6% | −10.6% | −15.0% | −27.3% | −28.3% |
| Income quality (OCF / net income) | 1.30 | — | — | — | — | — |
| Financial health | ||||||
| Total debt | $23.2M | $26.7M | $25.7M | $19.5M | $13.5M | $19.9M |
| Cash & short-term investments | $2.48B | $1.84B | $1.21B | $1.27B | $1.41B | $362.6M |
| Net debt | −$2.45B | −$1.81B | −$1.19B | −$1.25B | −$1.40B | −$342.7M |
| Debt / equity | 0.01 | 0.01 | — | 0.01 | 0.01 | 0.04 |
| Debt / assets | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.04 |
| Net debt / EBITDA | −4.51 | — | — | — | — | — |
| Current ratio | 11.56 | 12.63 | 11.08 | 13.94 | 22.72 | 9.52 |
| Quick ratio | 11.56 | 12.63 | 11.08 | 13.94 | 22.72 | 9.52 |
| Working capital | $2.86B | $2.05B | $1.35B | $1.38B | $1.53B | $424.0M |
| Invested capital | $475.4M | $316.6M | −$1.60B | $227.4M | $167.8M | $116.4M |
| Tangible asset value | $2.87B | $2.06B | −$469.5M | $1.41B | $1.56B | $451.9M |
| Net current asset value | $2.83B | $2.02B | −$529.7M | $1.36B | $1.52B | $408.7M |
| Graham number | $29.23 | — | — | — | — | — |
| Graham net-net per share | $12.91 | $10.52 | −$3.71 | $7.90 | $8.92 | $2.25 |
| Capital allocation | ||||||
| Share buybacks (net) | — | — | $4.3M | $0 | $95.2M | $0 |
| Capex / revenue | 0.3% | 0.5% | 1.2% | 0.9% | 0.5% | 1.3% |
| Capex / operating cash flow | 1.0% | 2.8% | — | — | — | — |
| Capex / depreciation | 0.42 | 0.40 | 0.71 | 0.78 | 0.82 | 1.58 |
| Stock-based compensation / revenue | 15.6% | 61.7% | 5.9% | 8.3% | 30.9% | 9.3% |
| R&D / revenue | 35.6% | 71.9% | 54.5% | 54.8% | 53.0% | 51.3% |
| SG&A / revenue | 35.6% | 61.7% | 49.1% | 55.3% | 58.3% | 51.9% |
| Efficiency | ||||||
| Days sales outstanding | 77.9 | 84.6 | 102.6 | 99.0 | 95.9 | 147.4 |
| Days of inventory on hand | — | — | 0.0 | 0.0 | — | 0.0 |
| Days payables outstanding | 101.8 | 135.8 | 130.6 | 97.2 | 81.1 | 62.0 |
| Cash conversion cycle (days) | -24.0 | -51.2 | -28.0 | 1.7 | 14.8 | 85.4 |
| Receivables turnover | 4.69 | 4.32 | 3.56 | 3.69 | 3.80 | 2.48 |
| Payables turnover | 3.58 | 2.69 | 2.79 | 3.75 | 4.50 | 5.89 |
| Inventory turnover | — | — | 111,011,000.00 | 104,799,000.00 | — | 55,026,000.00 |
| Asset turnover | 0.79 | 0.66 | 0.50 | 0.41 | 0.45 | 0.44 |
| Average receivables | $469.8M | $301.3M | $226.1M | $180.8M | $127.4M | $92.4M |
| Average payables | $54.2M | $46.0M | $39.7M | $27.9M | $16.1M | $9.3M |
| Average inventory | — | — | $1 | $1 | — | $1 |
| Intangibles / total assets | 1.8% | 2.9% | 3.5% | 4.2% | 0.7% | 1.4% |
Computed from RDDT's annual financial statements (latest annual report filed February 6, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
RDDT valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Reddit traded at 87.7 times earnings. Based on the latest twelve months, the trailing P/E is 36.3 and the forward P/E is 23.2. Reddit earned a return on equity of 20.9% and a return on invested capital of 111.6% in fiscal 2025. It ended the year with $23.2 million of debt and $2.5 billion in cash and short-term investments, a net cash position of $2.5 billion. The share count rose 23.7% from 163.3M to 202.1M over 5 years.
See the RDDT income statement, the RDDT chart for price history, or the RDDT stock overview for the latest quote and news.
RDDT key metrics FAQ
What is Reddit's P/E ratio?
Reddit's trailing P/E ratio is 36.3 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 23.2. At the end of fiscal 2025 it was 87.7.
What is Reddit's EV/EBITDA?
Reddit's enterprise value was 80.8 times EBITDA at the end of fiscal 2025 (enterprise value $44.0 billion, EBITDA $544.6 million); the current EV/EBITDA is 33.0.
What is Reddit's return on equity?
Reddit's return on equity (ROE) was 20.9% in fiscal 2025: net income of $529.7 million on average shareholders' equity of $2.5 billion.
What is Reddit's ROIC?
Reddit's return on invested capital was 111.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Reddit have?
Reddit had total debt of $23.2 million at the end of fiscal 2025, a debt-to-equity ratio of 0.01 and more cash than debt.
What is Reddit's free cash flow yield?
Reddit generated $684.2 million of free cash flow in fiscal 2025, a free cash flow yield of 1.5% on its market value at year-end ($46.5 billion).
What is Reddit's current ratio?
Reddit's current ratio was 11.56 at the end of fiscal 2025: current assets were 11.56 times current liabilities.