Reddit, Inc. (TSX:RDDT)

Reddit Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	2,203	1,300	804.03	666.7	484.92
Revenue Growth (YoY)	69.40%	61.71%	20.60%	37.49%	111.84%
Cost of Revenue	194.22	123.6	111.01	104.8	72.57
Gross Profit	2,008	1,177	693.02	561.9	412.35
Selling, General & Admin	763.82	783.97	393.85	368.72	282.59
Research & Development	758.53	911.92	437.84	364.89	256.98
Other Operating Expenses	43.96	41.29	1.49	0.46	-
Operating Expenses	1,566	1,737	833.18	734.06	539.56
Operating Income	441.98	-560.57	-140.16	-172.16	-127.21
Interest & Investment Income	86.72	78.12	53.28	15.68	-
Other Non Operating Income (Expenses)	-0.02	-2.76	-0.14	-1.45	-0.34
Pretax Income	528.69	-485.21	-87.02	-157.93	-127.56
Income Tax Expense	-1.03	-0.93	3.8	0.62	0.34
Net Income	529.72	-484.28	-90.82	-158.55	-127.9
Net Income to Common	529.72	-484.28	-90.82	-158.55	-127.9
Shares Outstanding (Basic)	186	145	59	57	52
Shares Outstanding (Diluted)	202	145	59	57	52
Shares Change (YoY)	38.93%	145.99%	3.30%	10.75%	7.12%
EPS (Basic)	2.84	-3.33	-1.54	-2.77	-2.47
EPS (Diluted)	2.62	-3.33	-1.54	-2.77	-2.47
Free Cash Flow	684.17	215.82	-84.84	-100.25	-132.49
Free Cash Flow Per Share	3.38	1.48	-1.44	-1.75	-2.56
Gross Margin	91.18%	90.49%	86.19%	84.28%	85.04%
Operating Margin	20.07%	-43.11%	-17.43%	-25.82%	-26.23%
Profit Margin	24.05%	-37.25%	-11.30%	-23.78%	-26.38%
Free Cash Flow Margin	31.06%	16.60%	-10.55%	-15.04%	-27.32%
EBITDA	457.93	-544.93	-126.46	-164.16	-124.4
EBITDA Margin	20.79%	-41.91%	-15.73%	-24.62%	-25.65%
D&A For EBITDA	15.95	15.64	13.7	8	2.81
EBIT	441.98	-560.57	-140.16	-172.16	-127.21
EBIT Margin	20.07%	-43.11%	-17.43%	-25.82%	-26.23%
Advertising Expenses	102.4	-	-	34.4	-

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