Reddit, Inc. (RDDT)

Reddit Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,122	804.03	666.7	484.92	228.91
Revenue Growth (YoY)	48.70%	20.60%	37.49%	111.84%	-
Cost of Revenue	120.67	111.01	104.8	72.57	55.03
Gross Profit	1,002	693.02	561.9	412.35	173.88
Selling, General & Admin	753.93	394.83	368.9	282.59	118.91
Research & Development	858.08	438.35	365.16	256.98	117.53
Operating Expenses	1,612	833.18	734.06	539.56	236.44
Operating Income	-610.43	-140.16	-172.16	-127.21	-62.56
Other Non Operating Income (Expenses)	55.13	53.14	14.23	-0.34	3.49
Pretax Income	-535.72	-87.02	-157.93	-127.56	-59.07
Income Tax Expense	1.06	3.8	0.62	0.34	0.1
Net Income	-536.78	-90.82	-158.55	-127.9	-59.17
Net Income to Common	-536.78	-90.82	-158.55	-127.9	-59.17
Shares Outstanding (Basic)	116	59	57	52	48
Shares Outstanding (Diluted)	116	59	57	52	48
Shares Change (YoY)	86.53%	3.30%	10.75%	7.12%	-
EPS (Basic)	-4.62	-1.54	-2.77	-2.47	-1.23
EPS (Diluted)	-4.62	-1.54	-2.77	-2.47	-1.23
Free Cash Flow	104.63	-84.84	-100.25	-132.49	-64.89
Free Cash Flow Per Share	0.90	-1.43	-1.75	-2.56	-1.34
Gross Margin	89.25%	86.19%	84.28%	85.04%	75.96%
Operating Margin	-54.39%	-17.43%	-25.82%	-26.23%	-27.33%
Profit Margin	-47.83%	-11.30%	-23.78%	-26.37%	-25.85%
Free Cash Flow Margin	9.32%	-10.55%	-15.04%	-27.32%	-28.35%
EBITDA	-595.19	-126.46	-164.16	-124.4	-60.62
EBITDA Margin	-53.04%	-15.73%	-24.62%	-25.65%	-26.48%
D&A For EBITDA	15.24	13.7	8	2.81	1.93
EBIT	-610.43	-140.16	-172.16	-127.21	-62.56
EBIT Margin	-54.39%	-17.43%	-25.82%	-26.23%	-27.33%

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