The company maintains a fortress balance sheet with a debt-to-equity ratio of 0.01 and a massive liquidity buffer evidenced by a current ratio of 12.73.
| Total Current Assets | 3.39B | 3.14B | 2.22B | 1.48B | 1.48B | 1.6B | 473.7M |
| Cash & Short-Term Investments | 2.77B | 2.48B | 1.84B | 1.21B | 1.27B | 1.41B | 362.64M |
| Cash Only | 1.37B | 953.57M | 562.09M | 401.18M | 435.81M | 1.34B | 111.95M |
| Short-Term Investments | 1.4B | 1.52B | 1.28B | 811.95M | 830.73M | 75.33M | 250.69M |
| Accounts Receivable | 522.9M | 590.16M | 349.53M | 253.04M | 199.08M | 162.45M | 92.44M |
| Days Sales Outstanding | 76.59 | 97.8 | 98.12 | 114.87 | 108.99 | 122.28 | 147.4 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - |
| Other Current Assets | 92.4M | 69.01M | 18.48M | 1.59M | 1.25M | 635K | 271K |
| Total Non-Current Assets | 98.35M | 103.19M | 113.18M | 114.95M | 115.78M | 44.24M | 50.44M |
| Property, Plant & Equipment | 30.87M | 33.5M | 35.9M | 38.95M | 30.54M | 22.83M | 29.37M |
| Fixed Asset Turnover | 74.24x | 65.75x | 36.22x | 20.64x | 21.83x | 21.24x | 7.79x |
| Goodwill | 42.17M | 42.17M | 42.17M | 26.3M | 26.3M | 6.47M | 6.47M |
| Intangible Assets | 13.04M | 15.52M | 25.41M | 30.32M | 41.24M | 5.66M | 760K |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 4.6M |
| Other Non-Current Assets | 12.27M | 11.99M | 9.7M | 19.38M | 17.7M | 9.27M | 9.23M |
| Total Assets | 3.48B | 3.24B | 2.34B | 1.6B | 1.6B | 1.65B | 524.14M |
| Asset Turnover | 0.81x | 0.68x | 0.56x | 0.50x | 0.42x | 0.29x | 0.44x |
| Asset Growth % | 140.82% | 38.63% | 46.36% | -0.2% | -2.76% | 213.87% | - |
| Total Current Liabilities | 265.88M | 271.28M | 176.02M | 133.57M | 106.46M | 70.46M | 49.75M |
| Accounts Payable | 51.74M | 62.93M | 45.42M | 46.51M | 32.94M | 22.89M | 9.35M |
| Days Payables Outstanding | 107.62 | 118.27 | 134.14 | 152.94 | 114.74 | 115.15 | 62.01 |
| Short-Term Debt | 7.17M | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 57.18M | 18.04M | 14.8M | 7.25M | 8.02M | 7.53M | 2.26M |
| Other Current Liabilities | 206.97M | 91.11M | 70.9M | 46.81M | 36.68M | 25.17M | 15.3M |
| Current Ratio | 12.73x | 11.56x | 12.63x | 11.08x | 13.94x | 22.72x | 9.52x |
| Quick Ratio | 12.73x | 11.56x | 12.63x | 11.08x | 13.94x | 22.72x | 9.52x |
| Cash Conversion Cycle | -31.03 | - | - | - | - | - | - |
| Total Non-Current Liabilities | 38.68M | 38.85M | 29.82M | 1.88B | 18.83M | 7.17M | 15.26M |
| Long-Term Debt | 14.12M | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 52.96M | 16.19M | 20.57M | 22.04M | 11.69M | 6.61M | 13.46M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 24.57M | 22.66M | 9.26M | 1.85B | 7.14M | 568K | 1.8M |
| Total Liabilities | 304.57M | 310.13M | 205.85M | 2.01B | 125.28M | 77.63M | 65.01M |
| Total Debt | 21.29M | 23.21M | 26.7M | 25.75M | 19.49M | 13.46M | 19.93M |
| Net Debt | -1.35B | -930.36M | -535.39M | -375.43M | -416.32M | -1.32B | -92.02M |
| Debt / Equity | 0.01x | 0.01x | 0.01x | - | 0.01x | 0.01x | 0.04x |
| Debt / EBITDA | 0.03x | 0.05x | - | - | - | - | - |
| Net Debt / EBITDA | -2.14x | -2.03x | - | - | - | - | - |
| Interest Coverage | - | - | - | - | - | - | - |
| Total Equity | 3.18B | 2.93B | 2.13B | -412.92M | 1.47B | 1.57B | 459.13M |
| Equity Growth % | 138.93% | 37.47% | 616.02% | -128.01% | -5.94% | 241.4% | - |
| Book Value per Share | 15.70 | 14.49 | 11.82 | -2.53 | 9.03 | 9.60 | 2.81 |
| Total Shareholders' Equity | 3.18B | 2.93B | 2.13B | -412.92M | 1.47B | 1.57B | 459.13M |
| Common Stock | 19K | 19K | 17K | 6K | 6K | 6K | 5K |
| Retained Earnings | -467.14M | -671.12M | -1.2B | -716.56M | -625.74M | -467.19M | -247.01M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | -10.3M |
| Accumulated OCI | -979K | 4.36M | 24K | 814K | -3.79M | -238K | 196K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Volunteer moderation ecosystem dependency
As reported in recent financial statements, Reddit's total assets have expanded from $1.6 billion in 2023Q4 to $3.5 billion by 2026Q1, a trajectory that underscores the company's successful transition toward a self-funding, high-growth entity with minimal reliance on external debt financing.
The consistent growth in total assets, primarily driven by cash accumulation, suggests that the business model is generating significant surplus capital. This strengthening balance sheet trajectory provides the company with substantial flexibility to invest in product development or navigate potential market volatility without needing to tap credit markets.
Based on the latest quarterly filings, Reddit maintains a current ratio of 12.73, reflecting a massive liquidity buffer that far exceeds the requirements of its current operating cost structure and provides a significant cushion against any potential short-term revenue fluctuations or unexpected operational expenditures.
The company's cash position has grown to $1.4 billion, which appears more than sufficient to cover its minimal debt obligations and ongoing R&D requirements. This liquidity profile suggests that Reddit is well-positioned to withstand periods of macroeconomic stress while maintaining its current pace of platform innovation.
According to reported balance sheet data, Reddit operates with a debt-to-equity ratio of just 0.01, indicating that the company is effectively debt-free and relies almost exclusively on equity financing to support its operations and growth initiatives.
The negligible debt load suggests that management has prioritized financial independence, avoiding the interest rate sensitivity that often plagues more leveraged peers in the communication services sector. This lack of debt obligations implies that nearly all future cash flows can be directed toward reinvestment or shareholder returns.
As indicated by the company's financial statements, the narrowing of the retained earnings deficit from -$1.3 billion in 2024Q1 to -$467.1 million in 2026Q1 signals a significant improvement in equity quality as the firm rapidly approaches a sustained period of cumulative profitability.
The reduction in the accumulated deficit is a positive indicator of the company's improving bottom-line performance and suggests that the business is successfully scaling its monetization efforts. Investors should monitor whether this trend continues to translate into positive retained earnings, which would further solidify the company's long-term equity base.
Based on the provided figures, Reddit carries only $42.2 million in goodwill, a remarkably low figure that suggests the company's market value is driven by its organic platform growth rather than historical acquisitions or inflated intangible asset valuations.
While the low goodwill figure is a sign of balance sheet discipline, it also highlights that the company's true value—its user-generated content and community moderation—is not captured on the balance sheet. This creates a potential distortion where the most critical assets are effectively off-balance-sheet, making the company's financial statements appear more conservative than its operational reality.
Quick answers to the most common questions about buying RDDT stock.
As of 2025, Reddit, Inc. (RDDT) had total assets of $3.24B including $3.14B in current assets.
Reddit, Inc. (RDDT) carries total debt of $23.2M, offset by $2.48B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Reddit, Inc. (RDDT) has total shareholders' equity (book value) of $2.93B ($14.49 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Reddit, Inc. (RDDT) reported a current ratio of 11.56x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.