RDDT - Reddit, Inc.
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$228.11
DETAILS
HIGH:
$325.00
LOW:
$110.00
MEDIAN:
$220.00
CONSENSUS:
$228.11
UPSIDE:
61.02%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Revenue | ||||||
| Revenue | 2,202.5 | 1,300.2 | 804.0 | 666.7 | 484.9 | 228.9 |
| Cost of Revenue | 194.2 | 123.6 | 111.0 | 104.8 | 72.6 | 55.0 |
| Gross Profit | 2,008.3 | 1,176.6 | 693.0 | 561.9 | 412.4 | 173.9 |
| Operating Expenses | ||||||
| R&D Expenses | 783.1 | 935.2 | 438.3 | 365.2 | 257.0 | 117.5 |
| SG&A Expenses | 783.2 | 802.0 | 394.8 | 368.9 | 282.6 | 118.9 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 1,566.3 | 1,737.2 | 833.2 | 734.1 | 539.6 | 236.4 |
| Operating Income | ||||||
| Operating Income | 442.0 | (560.6) | (140.2) | (172.2) | (127.2) | (62.6) |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||
| EBITDA | 457.9 | (544.9) | (126.5) | (164.2) | (124.4) | (57.1) |
| EBIT | 442.0 | (560.6) | (140.2) | (172.2) | (127.2) | (59.1) |
| Income Before Tax | 528.7 | (485.2) | (87.0) | (157.9) | (127.6) | (59.1) |
| Income Tax Expense | (1.0) | (0.9) | 3.8 | 0.6 | 0.3 | 0.1 |
| Net Income | 529.7 | (484.3) | (90.8) | (158.6) | (127.9) | (59.2) |
| Per Share Data | ||||||
| EPS (Basic) | 2.84 | -2.69 | -0.56 | -0.97 | -0.78 | -0.36 |
| EPS (Diluted) | 2.62 | -2.69 | -0.56 | -0.97 | -0.78 | -0.36 |
| Shares Outstanding | 186.4 | 180.3 | 163.3 | 163.3 | 163.3 | 163.3 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Current Assets | ||||||
| Cash & Cash Equivalents | 953.6 | 562.1 | 401.2 | 435.8 | 1,337.8 | 111.9 |
| Short-Term Investments | 1,523.2 | 1,278.7 | 811.9 | 830.7 | 75.3 | 250.7 |
| Net Receivables | 590.2 | 349.5 | 253.0 | 199.1 | 162.4 | 92.4 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 69.0 | 18.5 | 1.6 | 1.2 | 0.6 | 0.3 |
| Total Current Assets | 3,136.0 | 2,223.4 | 1,479.7 | 1,483.9 | 1,600.9 | 473.7 |
| Non-Current Assets | ||||||
| Property, Plant & Equipment | 33.5 | 35.9 | 39.0 | 30.5 | 22.8 | 29.4 |
| Goodwill | 42.2 | 42.2 | 26.3 | 26.3 | 6.5 | 6.5 |
| Intangible Assets | 15.5 | 25.4 | 30.3 | 41.2 | 5.7 | 0.8 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 4.6 |
| Other Non-Current Assets | 12.0 | 9.7 | 19.4 | 17.7 | 9.3 | 9.2 |
| Total Non-Current Assets | 103.2 | 113.2 | 115.0 | 115.8 | 44.2 | 50.4 |
| Total Assets | 3,239.2 | 2,336.6 | 1,596.5 | 1,599.7 | 1,645.1 | 524.1 |
| Current Liabilities | ||||||
| Account Payables | 62.9 | 45.4 | 46.5 | 32.9 | 22.9 | 9.3 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 18.0 | 14.8 | 7.2 | 8.0 | 7.5 | 2.3 |
| Other Current Liabilities | 91.1 | 70.9 | 46.8 | 36.7 | 25.2 | 15.3 |
| Total Current Liabilities | 271.3 | 176.0 | 133.6 | 106.5 | 70.5 | 49.7 |
| Non-Current Liabilities | ||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 22.7 | 9.3 | 1,853.8 | 7.1 | 0.6 | 1.8 |
| Total Non-Current Liabilities | 38.9 | 29.8 | 1,875.8 | 18.8 | 7.2 | 15.3 |
| Total Liabilities | 310.1 | 205.8 | 2,009.4 | 125.3 | 77.6 | 65.0 |
| Stockholders' Equity | ||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (671.1) | (1,200.8) | (716.6) | (625.7) | (467.2) | (247.0) |
| Accumulated Other Comprehensive Income | 4.4 | 0.0 | 0.8 | (3.8) | (0.2) | 0.2 |
| Total Stockholders' Equity | 2,929.0 | 2,130.7 | (412.9) | 1,474.4 | 1,567.5 | 459.1 |
| Total Liabilities & Equity | 3,239.2 | 2,336.6 | 1,596.5 | 1,599.7 | 1,645.1 | 524.1 |
| Debt Metrics | ||||||
| Total Debt | 23.2 | 26.7 | 25.7 | 19.5 | 13.5 | 19.9 |
| Net Debt | (930.4) | (535.4) | (375.4) | (416.3) | (1,324.3) | (92.0) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | 529.7 | (484.3) | (90.8) | (158.6) | (127.9) | (59.2) |
| Depreciation & Amortization | (12.3) | 15.6 | 13.7 | 8 | 2.8 | 1.9 |
| Stock-Based Compensation | 343.2 | 801.6 | 47.6 | 55.3 | 149.9 | 21.2 |
| Change in Working Capital | (176.8) | (67.5) | (30.0) | (10.1) | (63.7) | (35.6) |
| Other Non-Cash Items | 7.0 | (43.5) | (15.6) | 36.4 | (16.4) | (12.3) |
| Operating Cash Flow | 690.9 | 222.1 | (75.1) | (94.0) | (130.2) | (61.8) |
| Investing Activities | ||||||
| Capital Expenditure | (6.7) | (6.2) | (9.7) | (6.2) | (2.3) | (3.0) |
| Acquisitions | 0 | (17.1) | 0 | (42.2) | (178.0) | (84.2) |
| Purchases of Investments | (2,298.4) | (1,996.7) | (1,259.9) | (1,430.6) | (234.4) | (309.9) |
| Sales/Maturities of Investments | 2,083.2 | 1,573.6 | 1,310.7 | 674.9 | 412.4 | 394.2 |
| Other Investing Activities | 3.0 | 5.8 | 0.2 | (0.1) | 173.0 | 84.2 |
| Investing Cash Flow | (218.9) | (440.7) | 41.3 | (804.2) | 170.7 | 81.2 |
| Financing Activities | ||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | (95.2) | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (105.6) | (300.7) | (7.8) | (1.0) | 34.6 | 0 |
| Financing Cash Flow | (80.6) | 379.5 | (0.8) | (3.8) | 1,182.2 | 8.3 |
| Cash Position | ||||||
| Net Change in Cash | 391.4 | 160.9 | (34.6) | (902.0) | 1,222.7 | 27.7 |
| Cash at Beginning | 562.1 | 401.2 | 435.9 | 1,337.8 | 115.2 | 87.5 |
| Cash at End | 953.6 | 562.1 | 401.2 | 435.9 | 1,337.8 | 115.2 |
| Free Cash Flow | 684.2 | 215.8 | (84.8) | (100.3) | (132.5) | (64.9) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 2,202.5 | 1,300.2 | 804.0 | 666.7 | 484.9 | 228.9 |
| Gross Profit | 2,008.3 | 1,176.6 | 693.0 | 561.9 | 412.4 | 173.9 |
| Operating Income | 442.0 | (560.6) | (140.2) | (172.2) | (127.2) | (62.6) |
| Net Income | 529.7 | (484.3) | (90.8) | (158.6) | (127.9) | (59.2) |
| EPS (Diluted) | 2.62 | -2.69 | -0.56 | -0.97 | -0.78 | -0.36 |
| Balance Sheet | ||||||
| Cash & Equivalents | 953.6 | 562.1 | 401.2 | 435.8 | 1,337.8 | 111.9 |
| Total Assets | 3,239.2 | 2,336.6 | 1,596.5 | 1,599.7 | 1,645.1 | 524.1 |
| Total Debt | 23.2 | 26.7 | 25.7 | 19.5 | 13.5 | 19.9 |
| Stockholders' Equity | 2,929.0 | 2,130.7 | (412.9) | 1,474.4 | 1,567.5 | 459.1 |
| Cash Flow | ||||||
| Operating Cash Flow | 690.9 | 222.1 | (75.1) | (94.0) | (130.2) | (61.8) |
| Capital Expenditure | (6.7) | (6.2) | (9.7) | (6.2) | (2.3) | (3.0) |
| Free Cash Flow | 684.2 | 215.8 | (84.8) | (100.3) | (132.5) | (64.9) |