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	Mar '25 Mar 31, 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	1,450	1,300	804.03	666.7	484.92	228.91
Revenue Growth (YoY)	64.12%	61.71%	20.60%	37.49%	111.84%	-
Cost of Revenue	133.07	123.6	111.01	104.8	72.57	55.03
Gross Profit	1,317	1,177	693.02	561.9	412.35	173.88
Selling, General & Admin	576.5	783.97	393.85	368.72	282.59	118.91
Research & Development	666.16	911.92	437.84	364.89	256.98	117.53
Other Operating Expenses	41.29	41.29	1.49	0.46	-	-
Operating Expenses	1,284	1,737	833.18	734.06	539.56	236.44
Operating Income	32.59	-560.57	-140.16	-172.16	-127.21	-62.56
Interest & Investment Income	83.09	78.12	53.28	15.68	-	-
Other Non Operating Income (Expenses)	-1.75	-2.76	-0.14	-1.45	-0.34	3.49
Pretax Income	113.93	-485.21	-87.02	-157.93	-127.56	-59.07
Income Tax Expense	-3.02	-0.93	3.8	0.62	0.34	0.1
Net Income	116.95	-484.28	-90.82	-158.55	-127.9	-59.17
Net Income to Common	116.95	-484.28	-90.82	-158.55	-127.9	-59.17
Shares Outstanding (Basic)	173	145	59	57	52	48
Shares Outstanding (Diluted)	178	145	59	57	52	48
Shares Change (YoY)	186.69%	145.99%	3.30%	10.75%	7.12%	-
EPS (Basic)	0.67	-3.33	-1.54	-2.77	-2.47	-1.23
EPS (Diluted)	0.66	-3.33	-1.54	-2.77	-2.47	-1.23
Free Cash Flow	313.21	215.82	-84.84	-100.25	-132.49	-64.89
Free Cash Flow Per Share	1.76	1.48	-1.44	-1.75	-2.56	-1.34
Gross Margin	90.82%	90.49%	86.19%	84.28%	85.04%	75.96%
Operating Margin	2.25%	-43.11%	-17.43%	-25.82%	-26.23%	-27.33%
Profit Margin	8.07%	-37.25%	-11.30%	-23.78%	-26.38%	-25.85%
Free Cash Flow Margin	21.61%	16.60%	-10.55%	-15.04%	-27.32%	-28.35%
EBITDA	48.45	-544.93	-126.46	-164.16	-124.4	-60.62
EBITDA Margin	3.34%	-41.91%	-15.73%	-24.62%	-25.65%	-26.48%
D&A For EBITDA	15.86	15.64	13.7	8	2.81	1.93
EBIT	32.59	-560.57	-140.16	-172.16	-127.21	-62.56
EBIT Margin	2.25%	-43.11%	-17.43%	-25.82%	-26.23%	-27.33%
Advertising Expenses	-	9.2	8.2	34.4	-	-

Updated May 1, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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