Reddit, Inc. (RDDT)

Reddit Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,300	804.03	666.7	484.92	228.91
Revenue Growth (YoY)	61.71%	20.60%	37.49%	111.84%	-
Cost of Revenue	123.6	111.01	104.8	72.57	55.03
Gross Profit	1,177	693.02	561.9	412.35	173.88
Selling, General & Admin	783.97	393.85	368.72	282.59	118.91
Research & Development	911.92	437.84	364.89	256.98	117.53
Other Operating Expenses	41.29	1.49	0.46	-	-
Operating Expenses	1,737	833.18	734.06	539.56	236.44
Operating Income	-560.57	-140.16	-172.16	-127.21	-62.56
Interest & Investment Income	78.12	53.28	15.68	-	-
Other Non Operating Income (Expenses)	-2.76	-0.14	-1.45	-0.34	3.49
Pretax Income	-485.21	-87.02	-157.93	-127.56	-59.07
Income Tax Expense	-0.93	3.8	0.62	0.34	0.1
Net Income	-484.28	-90.82	-158.55	-127.9	-59.17
Net Income to Common	-484.28	-90.82	-158.55	-127.9	-59.17
Shares Outstanding (Basic)	145	59	57	52	48
Shares Outstanding (Diluted)	145	59	57	52	48
Shares Change (YoY)	145.99%	3.30%	10.75%	7.12%	-
EPS (Basic)	-3.33	-1.54	-2.77	-2.47	-1.23
EPS (Diluted)	-3.33	-1.54	-2.77	-2.47	-1.23
Free Cash Flow	215.82	-84.84	-100.25	-132.49	-64.89
Free Cash Flow Per Share	1.48	-1.43	-1.75	-2.56	-1.34
Gross Margin	90.49%	86.19%	84.28%	85.04%	75.96%
Operating Margin	-43.11%	-17.43%	-25.82%	-26.23%	-27.33%
Profit Margin	-37.25%	-11.30%	-23.78%	-26.37%	-25.85%
Free Cash Flow Margin	16.60%	-10.55%	-15.04%	-27.32%	-28.35%
EBITDA	-544.93	-126.46	-164.16	-124.4	-60.62
EBITDA Margin	-41.91%	-15.73%	-24.62%	-25.65%	-26.48%
D&A For EBITDA	15.64	13.7	8	2.81	1.93
EBIT	-560.57	-140.16	-172.16	-127.21	-62.56
EBIT Margin	-43.11%	-17.43%	-25.82%	-26.23%	-27.33%
Advertising Expenses	9.2	8.2	34.4	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.