Reddit Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,905	1,300	804.03	666.7	484.92	228.91
Revenue Growth (YoY)	69.71%	61.71%	20.60%	37.49%	111.84%	-
Cost of Revenue	167.34	123.6	111.01	104.8	72.57	55.03
Gross Profit	1,737	1,177	693.02	561.9	412.35	173.88
Selling, General & Admin	683.27	783.97	393.85	368.72	282.59	118.91
Research & Development	749.68	911.92	437.84	364.89	256.98	117.53
Other Operating Expenses	41.29	41.29	1.49	0.46	-	-
Operating Expenses	1,474	1,737	833.18	734.06	539.56	236.44
Operating Income	263.03	-560.57	-140.16	-172.16	-127.21	-62.56
Interest & Investment Income	84.35	78.12	53.28	15.68	-	-
Other Non Operating Income (Expenses)	-3.52	-2.76	-0.14	-1.45	-0.34	3.49
Pretax Income	343.86	-485.21	-87.02	-157.93	-127.56	-59.07
Income Tax Expense	-5.3	-0.93	3.8	0.62	0.34	0.1
Net Income	349.15	-484.28	-90.82	-158.55	-127.9	-59.17
Net Income to Common	349.15	-484.28	-90.82	-158.55	-127.9	-59.17
Shares Outstanding (Basic)	183	145	59	57	52	48
Shares Outstanding (Diluted)	196	145	59	57	52	48
Shares Change (YoY)	68.24%	145.99%	3.30%	10.75%	7.12%	-
EPS (Basic)	1.90	-3.33	-1.54	-2.77	-2.47	-1.23
EPS (Diluted)	1.78	-3.33	-1.54	-2.77	-2.47	-1.23
Free Cash Flow	509.68	215.82	-84.84	-100.25	-132.49	-64.89
Free Cash Flow Per Share	2.60	1.48	-1.44	-1.75	-2.56	-1.34
Gross Margin	91.21%	90.49%	86.19%	84.28%	85.04%	75.96%
Operating Margin	13.81%	-43.11%	-17.43%	-25.82%	-26.23%	-27.33%
Profit Margin	18.33%	-37.25%	-11.30%	-23.78%	-26.38%	-25.85%
Free Cash Flow Margin	26.76%	16.60%	-10.55%	-15.04%	-27.32%	-28.35%
EBITDA	278.99	-544.93	-126.46	-164.16	-124.4	-60.62
EBITDA Margin	14.65%	-41.91%	-15.73%	-24.62%	-25.65%	-26.48%
D&A For EBITDA	15.96	15.64	13.7	8	2.81	1.93
EBIT	263.03	-560.57	-140.16	-172.16	-127.21	-62.56
EBIT Margin	13.81%	-43.11%	-17.43%	-25.82%	-26.23%	-27.33%
Advertising Expenses	-	9.2	8.2	34.4	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.