Reddit, Inc.
Financial Performance
Reddit Revenue & Financials
Revenue
$2.2B (FY2025)
Market Cap
$28.8B
Net Income
$529.7M
Employees
2,200
What is Reddit's revenue?
Reddit had $2.2B in revenue for fiscal year 2025, up 69.4% from 2024. Net income was $529.7M.
- Latest revenue
- $2.2B (FY2025)
- Year-over-year
- +69.4%
- Growth rate (CAGR)
- 48.9% over 3 years
- Peak revenue
- $2.2B (FY2025)
- Years of data
- 4
- Employees
- 2,200
Financial Analysis
Reddit's finances changed quickly after its 2024 IPO. Revenue rose from $804M in 2023 to $1.30B in 2024 and $2.203B in 2025, while results swung from a $484M net loss in 2024 (driven by IPO stock compensation) to $529.7M net income in 2025. In 2026, Q1 revenue was $663.4M with $204.0M net income, and Q2 revenue was $805M with $253M net income, 43% adjusted EBITDA margin, and $261M free cash flow. Reddit ended Q2 with $2.79B in cash and marketable securities, guided Q3 2026 revenue to $860M-$870M, and bought back $235M of stock during Q2 under a $1B repurchase program announced in February 2026. Reddit, Inc. is a monumental American social news aggregation, content rating, and discussion website, sustaining a massive market valuation exceeding $10 billion following its 2024 IPO.
Revenue Trend Analysis
YoY Change
+69.4%
3-Year CAGR
+48.9%
Peak Year
2025
Trend
Consistent Growth
Reddit, Inc. has 4 full fiscal year figures on this page, compounding at +48.9% annually over 3 years. The most recent year saw a 69.4% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $2.2B. Of 3 comparable year-over-year steps, 3 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2025 | $2.2B | $442M | $529.7M | +69.4% | Reddit, Inc. annual report (Form 10-K, SEC EDGAR, filed 2026-02-06) Fiscal year ended 2025-12-31. |
| FY2024 | $1.3B | -$560.6M | -$484.3M | +61.7% | Reddit, Inc. annual report (Form 10-K, SEC EDGAR, filed 2026-02-06) Fiscal year ended 2024-12-31. |
| FY2023 | $804M | -$140.2M | -$90.8M | +20.6% | Reddit, Inc. annual report (Form 10-K, SEC EDGAR, filed 2026-02-06) Fiscal year ended 2023-12-31. |
| FY2022 | $666.7M | -$172.2M | -$158.6M | — | Reddit, Inc. annual report (Form 10-K, SEC EDGAR, filed 2025-02-13) Fiscal year ended 2022-12-31. |
Click any row to see year details.
Reddit, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $690.9M | $6.7M | $3.2B | $310.1M | $2.9B | $684.2M | Form 10-K |
| FY2024ended Dec 31, 2024 | $222.1M | $6.2M | $2.3B | $205.8M | $2.1B | $215.8M | Form 10-K |
| FY2023ended Dec 31, 2023 | -$75.1M | $9.7M | $1.6B | $155.9M | -$412.9M | -$84.8M | Form 10-K |
Keep researching Reddit
Reddit Revenue and Financial FAQ
What was Reddit's total revenue and net income for FY2025?
Reddit reported FY2025 revenue of $2.203 billion, up 69%, and GAAP net income of $529.7 million, its first full profitable year as a public company.
What is Reddit's market capitalization and valuation profile?
Reddit's market capitalization was about $28.8 billion on September 25, 2026, after the stock fell roughly 40% during 2026 from a 52-week high of $263.50.
What is Reddit's gross profit margin profile?
Reddit's GAAP gross margin was 91.3% in Q2 2026, up from 90.8% a year earlier.
What are Reddit's Daily Active Uniques (DAUq) and Average Revenue Per User (ARPU)?
Reddit averaged 130.3 million daily active uniques in Q2 2026, up 18%, including 53.2 million in the U.S. Weekly active uniques crossed half a billion at 514.6 million.
What is Reddit's cash balance and debt profile following its 2024 IPO?
Reddit held $2.79 billion in cash, cash equivalents and marketable securities at June 30, 2026, and generated $261 million of free cash flow in Q2 2026.
Who are the major institutional and insider shareholders of Reddit, Inc.?
Advance Publications, parent of Conde Nast, is the largest shareholder. Tencent, Sam Altman and CEO Steve Huffman are other notable holders; current stakes are listed in Reddit's proxy statement.
How rapidly is Reddit's search advertising business growing?
Reddit does not break out search ad revenue. It is expanding on-platform search and Reddit Answers and testing ads in those surfaces to monetize users looking for recommendations.
What percentage of Reddit's revenue is generated internationally?
About 19% of FY2025 revenue and 21% of Q2 2026 revenue came from outside the U.S.; international revenue grew 84% to $167M in Q2 2026.
What is Reddit’s annual revenue scale and growth rate?
Reddit generates over $1.0 billion to $1.2+ billion in annualized revenues, growing at robust 30% to 50%+ year-over-year rates driven by surging ad demand and new AI data licensing contracts.
What are Reddit’s gross profit margins?
Reddit generates astronomical gross profit margins of 88% to 90%, reflecting its asset-light software architecture and reliance on user-generated content and volunteer community moderators.
What is Reddit’s Daily Active Unique User (DAUq) count?
Reddit engages over 80 million to 90+ million Daily Active Unique users (DAUq) and more than 300 million to 400+ million weekly active users across 100,000+ communities worldwide.
What is Reddit’s Average Revenue Per User (ARPU)?
Reddit’s global ARPU is approximately $3.00 to $3.50 (with US ARPU significantly higher at $5.50 to $6.00+), presenting massive monetization expansion upside compared to mature peers like Meta ($45+ ARPU) and Pinterest ($6+ ARPU).
Is Reddit operating profitably?
Following its March 2024 IPO, Reddit achieved positive adjusted EBITDA and generated its first GAAP profitable quarters, driven by high operating leverage on advertising and 100%-margin AI data licensing.
How much cash and liquidity did Reddit raise from its IPO?
Reddit closed its IPO with approximately $1.7 billion in cash, cash equivalents, and marketable securities with zero debt, providing ample balance sheet strength to fund AI search and international expansion.
How does Reddit’s international monetization compare to the US?
While international users account for approximately 50% of Reddit’s user base, they contribute less than 20% of revenue; Reddit is rapidly closing this gap by deploying local ad sales teams in the UK, Germany, France, and Australia.
What are Reddit’s primary long-term financial targets?
Reddit targets sustained 25%+ annual top-line revenue growth, expanding adjusted EBITDA margins past 20% to 30%, and growing ARPU through video advertising and on-platform commerce.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Reddit Revenue & Financials." CorpDigest, https://corpdigest.com/company/reddit/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Reddit reported $2.2B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/reddit/financials" target="_blank" rel="noopener">CorpDigest — Reddit financials</a></div>Related Financial Audits
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