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	Jun '25 Jun 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	1,668	1,300	804.03	666.7	484.92	228.91
Revenue Growth (YoY)	69.97%	61.71%	20.60%	37.49%	111.84%	-
Cost of Revenue	149.47	123.6	111.01	104.8	72.57	55.03
Gross Profit	1,519	1,177	693.02	561.9	412.35	173.88
Selling, General & Admin	622.04	783.97	393.85	368.72	282.59	118.91
Research & Development	716.42	911.92	437.84	364.89	256.98	117.53
Other Operating Expenses	48.78	41.29	1.49	0.46	-	-
Operating Expenses	1,387	1,737	833.18	734.06	539.56	236.44
Operating Income	131.34	-560.57	-140.16	-172.16	-127.21	-62.56
Interest & Investment Income	83.2	78.12	53.28	15.68	-	-
Other Non Operating Income (Expenses)	-1.44	-2.76	-0.14	-1.45	-0.34	3.49
Pretax Income	213.1	-485.21	-87.02	-157.93	-127.56	-59.07
Income Tax Expense	-3.24	-0.93	3.8	0.62	0.34	0.1
Net Income	216.34	-484.28	-90.82	-158.55	-127.9	-59.17
Net Income to Common	216.34	-484.28	-90.82	-158.55	-127.9	-59.17
Shares Outstanding (Basic)	179	145	59	57	52	48
Shares Outstanding (Diluted)	187	145	59	57	52	48
Shares Change (YoY)	111.15%	145.99%	3.30%	10.75%	7.12%	-
EPS (Basic)	1.21	-3.33	-1.54	-2.77	-2.47	-1.23
EPS (Diluted)	1.16	-3.33	-1.54	-2.77	-2.47	-1.23
Free Cash Flow	396.85	215.82	-84.84	-100.25	-132.49	-64.89
Free Cash Flow Per Share	2.12	1.48	-1.44	-1.75	-2.56	-1.34
Gross Margin	91.04%	90.49%	86.19%	84.28%	85.04%	75.96%
Operating Margin	7.87%	-43.11%	-17.43%	-25.82%	-26.23%	-27.33%
Profit Margin	12.97%	-37.25%	-11.30%	-23.78%	-26.38%	-25.85%
Free Cash Flow Margin	23.79%	16.60%	-10.55%	-15.04%	-27.32%	-28.35%
EBITDA	147.37	-544.93	-126.46	-164.16	-124.4	-60.62
EBITDA Margin	8.83%	-41.91%	-15.73%	-24.62%	-25.65%	-26.48%
D&A For EBITDA	16.03	15.64	13.7	8	2.81	1.93
EBIT	131.34	-560.57	-140.16	-172.16	-127.21	-62.56
EBIT Margin	7.87%	-43.11%	-17.43%	-25.82%	-26.23%	-27.33%
Advertising Expenses	-	9.2	8.2	34.4	-	-

Updated Jul 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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