Reddit, Inc. (RDDT)
NYSE: RDDT · Real-Time Price · USD
112.98
-6.32 (-5.30%)
At close: Nov 1, 2024, 4:00 PM
112.30
-0.68 (-0.60%)
After-hours: Nov 1, 2024, 7:58 PM EDT

Reddit Statistics

Total Valuation

Reddit has a market cap or net worth of $19.84 billion. The enterprise value is $18.12 billion.

Market Cap 19.84B
Enterprise Value 18.12B

Important Dates

The last earnings date was Tuesday, October 29, 2024, after market close.

Earnings Date Oct 29, 2024
Ex-Dividend Date n/a

Share Statistics

Reddit has 175.58 million shares outstanding. The number of shares has increased by 86.53% in one year.

Shares Outstanding 175.58M
Shares Change (YoY) +86.53%
Shares Change (QoQ) +17.00%
Owned by Insiders (%) 4.59%
Owned by Institutions (%) 34.56%
Float 76.43M

Valuation Ratios

PE Ratio n/a
Forward PE 279.10
PS Ratio 11.71
Forward PS 15.82
PB Ratio 9.95
P/FCF Ratio 189.59
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

EV / Earnings n/a
EV / Sales 16.15
EV / EBITDA n/a
EV / EBIT n/a
EV / FCF 173.17

Financial Position

The company has a current ratio of 11.96, with a Debt / Equity ratio of 0.01.

Current Ratio 11.96
Quick Ratio 11.83
Debt / Equity 0.01
Debt / EBITDA n/a
Debt / FCF 0.26
Interest Coverage n/a

Financial Efficiency

Return on equity (ROE) is -31.80% and return on invested capital (ROIC) is -22.25%.

Return on Equity (ROE) -31.80%
Return on Assets (ROA) -20.47%
Return on Capital (ROIC) -22.25%
Revenue Per Employee $557,500
Profits Per Employee -$266,656
Employee Count 2,013
Asset Turnover 0.60
Inventory Turnover n/a

Taxes

In the past 12 months, Reddit has paid $1.06 million in taxes.

Income Tax 1.06M
Effective Tax Rate n/a

Stock Price Statistics

Beta (5Y) n/a
52-Week Price Change n/a
50-Day Moving Average 70.12
200-Day Moving Average n/a
Relative Strength Index (RSI) 79.05
Average Volume (20 Days) 7,337,530

Short Selling Information

The latest short interest is 7.11 million, so 4.05% of the outstanding shares have been sold short.

Short Interest 7.11M
Short Previous Month 5.23M
Short % of Shares Out 4.05%
Short % of Float 9.31%
Short Ratio (days to cover) 1.61

Income Statement

In the last 12 months, Reddit had revenue of $1.12 billion and -$536.78 million in losses. Loss per share was -$4.62.

Revenue 1.12B
Gross Profit 1.00B
Operating Income -610.43M
Pretax Income n/a
Net Income -536.78M
EBITDA -595.19M
EBIT -610.43M
Loss Per Share -$4.62
Full Income Statement

Balance Sheet

The company has $1.74 billion in cash and $26.97 million in debt, giving a net cash position of $1.72 billion or $9.78 per share.

Cash & Cash Equivalents 1.74B
Total Debt 26.97M
Net Cash 1.72B
Net Cash Per Share $9.78
Equity (Book Value) 1.98B
Book Value Per Share 11.36
Working Capital 1.89B
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $114.64 million and capital expenditures -$10.01 million, giving a free cash flow of $104.63 million.

Operating Cash Flow 114.64M
Capital Expenditures -10.01M
Free Cash Flow 104.63M
FCF Per Share $0.60
Full Cash Flow Statement

Margins

Gross margin is 89.25%, with operating and profit margins of -54.39% and -47.83%.

Gross Margin 89.25%
Operating Margin -54.39%
Pretax Margin -47.74%
Profit Margin -47.83%
EBITDA Margin -53.04%
EBIT Margin -54.39%
FCF Margin n/a

Dividends & Yields

Reddit does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield -86.53%
Shareholder Yield -86.53%
Earnings Yield -2.71%
FCF Yield 0.53%

Analyst Forecast

The average price target for Reddit is $91.00, which is -19.45% lower than the current price. The consensus rating is "Buy".

Price Target $91.00
Price Target Difference -19.45%
Analyst Consensus Buy
Analyst Count 19
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

This stock does not have any record of stock splits.

Last Split Date n/a
Split Type n/a
Split Ratio n/a

Scores

Reddit has an Altman Z-Score of 28.79 and a Piotroski F-Score of 5.

Altman Z-Score 28.79
Piotroski F-Score 5