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Reddit, Inc. (RDDT) 10-Year Financial Performance & Capital Metrics

RDDT • • Industrial / General
Communication ServicesInternet ServicesSocial Networking & CommunicationSocial Media Networks
AboutReddit, Inc. operates a website that organizes digital communities. It organizes communities based on specific interests that enable users to engage in conversations by sharing experiences, submitting links, uploading images and videos, and replying to one another. The company was founded in 2005 and is headquartered in San Francisco, California. Reddit, Inc. operates as a subsidiary of Advance Publications, Inc.Show more
  • Revenue $1.3B +61.7%
  • EBITDA -$545M -330.9%
  • Net Income -$484M -433.2%
  • EPS (Diluted) -2.69 -380.4%
  • Gross Margin 90.49% +5.0%
  • EBITDA Margin -41.91% -166.5%
  • Operating Margin -43.11% -147.3%
  • Net Margin -37.25% -229.7%
  • ROE -27.12% -335.2%
  • ROIC -31.61% -219.2%
  • Debt/Equity 0.01 -29.9%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓FCF machine: 16.6% free cash flow margin
  • ✓Momentum leader: RS Rating 87 (top 13%)

✗Weaknesses

  • ✗Shares diluted 10.4% in last year
  • ✗Expensive at 21.9x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y38.93%
TTM69.71%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM165.05%

EPS CAGR

10Y-
5Y-
3Y-
TTM154.83%

ROCE

10Y Avg-15.45%
5Y Avg-15.45%
3Y Avg-17.22%
Latest-30.94%

Peer Comparison

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Size & Scale
Valuation
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Growth
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Quality & Returns
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
PINSPinterest, Inc.16.43B27.5710.3319.35%48.99%41.19%5.72%0.04
WBWeibo Corporation1.73B10.999.47-0.29%21.11%10.12%33.52%0.53
ILLRTriller Group Inc.6.06M0.04-0.02-4.48%-7.8%
ILLRWTriller Group Inc.0.03-0.02-4.48%-7.8%
DJTTrump Media & Technology Group Corp.3.87B13.99-5.93-12.4%-39.2%-6.33%0.01
SNAPSnap Inc.11.71B7.99-19.0216.4%-8.6%-22.3%1.87%1.73
RDDTReddit, Inc.35.69B258.93-96.2661.71%18.33%13.37%0.6%0.01

Profit & Loss

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+228.91M484.92M666.7M804.03M1.3B
Revenue Growth %-1.12%0.37%0.21%0.62%
Cost of Goods Sold+55.03M72.56M104.8M111.01M123.59M
COGS % of Revenue0.24%0.15%0.16%0.14%0.1%
Gross Profit+173.88M412.35M561.9M693.02M1.18B
Gross Margin %0.76%0.85%0.84%0.86%0.9%
Gross Profit Growth %-1.37%0.36%0.23%0.7%
Operating Expenses+236.44M539.56M734.06M833.18M1.74B
OpEx % of Revenue1.03%1.11%1.1%1.04%1.34%
Selling, General & Admin118.91M282.59M368.9M394.83M802.03M
SG&A % of Revenue0.52%0.58%0.55%0.49%0.62%
Research & Development117.53M256.98M365.16M438.35M935.15M
R&D % of Revenue0.51%0.53%0.55%0.55%0.72%
Other Operating Expenses00000
Operating Income+-62.56M-127.21M-172.16M-140.16M-560.57M
Operating Margin %-0.27%-0.26%-0.26%-0.17%-0.43%
Operating Income Growth %--1.03%-0.35%0.19%-3%
EBITDA+-60.62M-124.4M-164.16M-126.46M-544.92M
EBITDA Margin %-0.26%-0.26%-0.25%-0.16%-0.42%
EBITDA Growth %--1.05%-0.32%0.23%-3.31%
D&A (Non-Cash Add-back)1.93M2.81M8M13.7M15.64M
EBIT-59.07M-127.21M-172.16M-140.16M-560.57M
Net Interest Income+00000
Interest Income00000
Interest Expense00000
Other Income/Expense3.49M-343K14.23M53.14M75.36M
Pretax Income+-59.07M-127.56M-157.93M-87.02M-485.21M
Pretax Margin %-0.26%-0.26%-0.24%-0.11%-0.37%
Income Tax+102K340K622K3.8M-931K
Effective Tax Rate %1%1%1%1.04%1%
Net Income+-59.17M-127.9M-158.55M-90.82M-484.28M
Net Margin %-0.26%-0.26%-0.24%-0.11%-0.37%
Net Income Growth %--1.16%-0.24%0.43%-4.33%
Net Income (Continuing)-59.17M-127.9M-158.55M-90.82M-484.28M
Discontinued Operations00000
Minority Interest00000
EPS (Diluted)+-0.36-0.78-0.97-0.56-2.69
EPS Growth %--1.17%-0.24%0.42%-3.8%
EPS (Basic)-0.36-0.78-0.97-0.56-2.69
Diluted Shares Outstanding163.35M163.35M163.35M163.35M180.32M
Basic Shares Outstanding163.35M163.35M163.35M163.35M180.32M
Dividend Payout Ratio-----

Balance Sheet

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+473.7M1.6B1.48B1.48B2.22B
Cash & Short-Term Investments362.64M1.41B1.27B1.21B1.84B
Cash Only111.95M1.34B435.81M401.18M562.09M
Short-Term Investments250.69M75.33M830.73M811.95M1.28B
Accounts Receivable92.44M162.45M199.08M253.04M365.73M
Days Sales Outstanding147.4122.28108.99114.87102.67
Inventory00000
Days Inventory Outstanding-----
Other Current Assets271K635K1.25M1.59M2.28M
Total Non-Current Assets+50.44M44.24M115.78M114.95M113.18M
Property, Plant & Equipment29.37M22.83M30.54M38.95M35.9M
Fixed Asset Turnover7.79x21.24x21.83x20.64x36.22x
Goodwill6.47M6.47M26.3M26.3M42.17M
Intangible Assets760K5.66M41.24M30.32M25.41M
Long-Term Investments4.6M0000
Other Non-Current Assets9.23M9.27M17.7M19.38M9.7M
Total Assets+524.14M1.65B1.6B1.6B2.34B
Asset Turnover0.44x0.29x0.42x0.50x0.56x
Asset Growth %-2.14%-0.03%-0%0.46%
Total Current Liabilities+49.75M70.46M106.46M133.57M176.02M
Accounts Payable9.35M22.89M32.94M46.51M45.42M
Days Payables Outstanding62.01115.15114.74152.94134.14
Short-Term Debt00000
Deferred Revenue (Current)1000K1000K1000K1000K1000K
Other Current Liabilities15.3M25.17M36.68M46.81M70.9M
Current Ratio9.52x22.72x13.94x11.08x12.63x
Quick Ratio9.52x22.72x13.94x11.08x12.63x
Cash Conversion Cycle-----
Total Non-Current Liabilities+15.26M7.17M18.83M22.33M29.82M
Long-Term Debt00000
Capital Lease Obligations13.46M6.61M11.69M22.04M20.57M
Deferred Tax Liabilities00000
Other Non-Current Liabilities1.8M568K7.14M287K9.26M
Total Liabilities65.01M77.63M125.28M155.9M205.85M
Total Debt+19.93M13.46M19.49M25.75M26.7M
Net Debt-92.02M-1.32B-416.32M-375.43M-535.39M
Debt / Equity0.04x0.01x0.01x0.02x0.01x
Debt / EBITDA-----
Net Debt / EBITDA-----
Interest Coverage-----
Total Equity+459.13M1.57B1.47B1.44B2.13B
Equity Growth %-2.41%-0.06%-0.02%0.48%
Book Value per Share2.819.609.038.8211.82
Total Shareholders' Equity459.13M1.57B1.47B1.44B2.13B
Common Stock5K6K6K6K17K
Retained Earnings-247.01M-467.19M-625.74M-716.56M-1.2B
Treasury Stock-10.3M0000
Accumulated OCI196K-238K-3.79M814K24K
Minority Interest00000

Cash Flow

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-61.84M-130.19M-94.02M-75.11M222.07M
Operating CF Margin %-0.27%-0.27%-0.14%-0.09%0.17%
Operating CF Growth %--1.11%0.28%0.2%3.96%
Net Income-59.17M-127.9M-158.55M-90.82M-484.28M
Depreciation & Amortization1.93M2.81M8M13.7M15.64M
Stock-Based Compensation21.25M149.87M55.31M47.6M801.65M
Deferred Taxes22.04M-74.87M-25.08M00
Other Non-Cash Items-12.33M-16.36M36.38M-15.6M-43.48M
Working Capital Changes-35.56M-63.74M-10.08M-29.99M-67.47M
Change in Receivables-43.28M-74.99M-30.23M-53.32M-104.28M
Change in Inventory00000
Change in Payables2.69M11.73M10.9M12.47M-570K
Cash from Investing+81.18M170.68M-804.18M41.29M-440.69M
Capital Expenditures-3.05M-2.3M-6.23M-9.72M-6.25M
CapEx % of Revenue0.01%0%0.01%0.01%0%
Acquisitions-----
Investments-----
Other Investing84.23M172.98M-64K172K5.82M
Cash from Financing+8.33M1.18B-3.78M-811K379.54M
Debt Issued (Net)-----
Equity Issued (Net)-----
Dividends Paid00000
Share Repurchases-----
Other Financing034.63M-1.02M-7.8M-300.68M
Net Change in Cash-----
Free Cash Flow+-64.89M-132.49M-100.25M-84.84M215.82M
FCF Margin %-0.28%-0.27%-0.15%-0.11%0.17%
FCF Growth %--1.04%0.24%0.15%3.54%
FCF per Share-0.40-0.81-0.61-0.521.20
FCF Conversion (FCF/Net Income)1.05x1.02x0.59x0.83x-0.46x
Interest Paid00000
Taxes Paid5K164K745K00

Key Ratios

Metric20202021202220232024
Return on Equity (ROE)-12.89%-12.62%-10.42%-6.23%-27.12%
Return on Invested Capital (ROIC)-12.78%-31.27%-19.85%-9.9%-31.61%
Gross Margin75.96%85.04%84.28%86.19%90.49%
Net Margin-25.85%-26.37%-23.78%-11.3%-37.25%
Debt / Equity0.04x0.01x0.01x0.02x0.01x
FCF Conversion1.05x1.02x0.59x0.83x-0.46x
Revenue Growth-111.84%37.49%20.6%61.71%

Revenue by Segment

2024
Advertising1.19B
Advertising Growth-
Other Revenue114.75M
Other Revenue Growth-

Revenue by Geography

2024
UNITED STATES1.06B
UNITED STATES Growth-
Non-US236.65M
Non-US Growth-

Frequently Asked Questions

Growth & Financials

Reddit, Inc. (RDDT) reported $1.90B in revenue for fiscal year 2024. This represents a 732% increase from $228.9M in 2020.

Reddit, Inc. (RDDT) grew revenue by 61.7% over the past year. This is strong growth.

Yes, Reddit, Inc. (RDDT) is profitable, generating $349.2M in net income for fiscal year 2024 (-37.2% net margin).

Dividend & Returns

Reddit, Inc. (RDDT) has a return on equity (ROE) of -27.1%. Negative ROE indicates the company is unprofitable.

Reddit, Inc. (RDDT) generated $509.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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