TenQ · Charts

RedditRDDT

$29.7B market cap
RedditRDDT
Revenue

Revenue: is the business selling more than it used to?

$2.2B+69% YoYFY 2025

0.00$1.0B$2.0B20222023202420252026$2.8B

◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year

Revenue reached $2.2B in 2025, compounding +49% a year since 2022 and the pace is picking up. The trailing twelve months are already running at $2.8B, ahead of the last full year.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RedditRDDT
Net income

Net income: how much of that revenue becomes profit?

$530MFY 2025

0.0020222023202420252026$871M

◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year

Net income was $530M in 2025, against $-484M the year before. Earnings per share moved +302% over the last twelve months. Trailing twelve-month profit stands at $871M.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RedditRDDT
Growth rate

How fast is it growing, year by year?

+69.4%revenue growth, FY 2025

0.0%25%50%202320242025Revenue growth 69%

Revenue grew +69% in 2025 against a five-year average of +51%.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RedditRDDT
Per-share growth

Revenue per share: is your slice growing as fast as the company?

$10.90revenue per share, FY 2025

0.0010.002022202320242025202613.755.04

2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year

Revenue per share reached $10.90 in 2025, compounding -2% a year against +49% for RDDT as a whole. Dilution absorbed about 51.1 points of that growth. Free cash flow per share stands at $3.39.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RedditRDDT
Free cash flow

Free cash flow: what is left in real cash after everything?

$684M+217% YoYFY 2025

0.00$500M$1.0B20222023202420252026$1.0B

◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year

Free cash flow was $684M in 2025. That is the most cash the business has ever thrown off in a year. The trailing twelve months stand at $1.0B.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RedditRDDT
Cash conversion

How much of every sales dollar ends up as free cash?

0.0%20%2022202320242025202637%

◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year

31 cents of every sales dollar became free cash in 2025, up 46 points since 2022 - the best conversion in its filed history.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RedditRDDT
Spending intensity

What does staying competitive cost, per dollar of sales?

0.0%50%202220232024202520260.3%30%12%

2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year

The biggest claim on each sales dollar is research and development, at 36% of revenue (stock compensation 16%, capital spending 0%). That share has fallen since 2022, so the cost of competing is easing.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RedditRDDT
Margins

Margins: of every $1 of sales, how much survives each cost layer?

0.0%2022202320242025202628%31%

2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year

Operating margin widened 46 points to 20% since 2022. After everything, 24 cents of each sales dollar reaches net profit. RDDT doesn't tag a gross-profit line in its filings, so the chart starts at operating margin.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RedditRDDT
Returns on capital

What does it earn on the money it uses?

0.0%2022202320242025202627%24%15%

2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year

ROE of 27% sits well above ROCE of 15%. A meaningful share of the shareholder return is manufactured with leverage rather than operations.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RedditRDDT
Debt & cash

Could it handle its debt if things went wrong?

0.00$1.0B202120222023202420252026Cash & investments $1.5B

Debt isn't clearly tagged in RDDT's filings, so treat the balance sheet with extra care rather than assuming zero.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RedditRDDT
Shareholders' equity

Is the company's own capital growing?

0.00$2.0B202120222023202420252026$3.3B

The company's own capital grew from $-413M in 2023 to $3.3B. The business is building book value rather than consuming it.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RedditRDDT
Dilution rate

How fast is your ownership being diluted - or concentrated?

0.0%100%20232024146%202539%

The share count grew 38.9% in 2025, averaging 62.7% a year over three years. Your slice of the company shrinks by that much each year unless earnings grow faster.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RedditRDDT
Return on capital employed

Does RDDT earn more on its capital than that capital costs?

-20%0.0%20232024202510% cost of capitalreturn on capital 15%

RDDT earns 14.9% on the capital it employs, comfortably above the 10% most investors treat as the cost of capital.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RedditRDDT
Dilution against what it bought

RDDT has issued or retired shares - did shareholders end up better off?

0200202220232024202535394

RDDT issued +253% more shares from 2022 to 2025 and revenue per share still fell -6%. On this measure the new shares have not paid for themselves.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RedditRDDT
Insider flow

Are the people running it buying or selling?

$20M$10M0.00Apr '26May '26Jun '26Jul '26Aug '26

Insiders sold $72M on the open market and bought nothing. Many sales are pre-scheduled diversification rather than a view on the price. A further 13 filings were grants, option exercises or tax withholding, which say nothing either way.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

A short weekly note on what changed in the numbers, coming soon.One email a week: the charts that mattered, nothing else.