Reddit Inc
NYSE:RDDT
Income Statement
Earnings Waterfall
Reddit Inc
Income Statement
Reddit Inc
| Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||
| Revenue |
667
N/A
|
684
+3%
|
719
+5%
|
755
+5%
|
804
+7%
|
883
+10%
|
981
+11%
|
1 122
+14%
|
1 300
+16%
|
1 450
+11%
|
1 668
+15%
|
1 905
+14%
|
2 203
+16%
|
|
| Gross Profit | ||||||||||||||
| Cost of Revenue |
(105)
|
(109)
|
(112)
|
(111)
|
(111)
|
(112)
|
(112)
|
(121)
|
(124)
|
(133)
|
(149)
|
(167)
|
(194)
|
|
| Gross Profit |
562
N/A
|
575
+2%
|
606
+5%
|
644
+6%
|
693
+8%
|
771
+11%
|
869
+13%
|
1 002
+15%
|
1 177
+17%
|
1 317
+12%
|
1 519
+15%
|
1 737
+14%
|
2 008
+16%
|
|
| Operating Income | ||||||||||||||
| Operating Expenses |
(734)
|
(783)
|
(811)
|
(817)
|
(833)
|
(1 430)
|
(1 506)
|
(1 612)
|
(1 737)
|
(1 284)
|
(1 387)
|
(1 474)
|
(1 566)
|
|
| Selling, General & Administrative |
(369)
|
(384)
|
(388)
|
(380)
|
(389)
|
(658)
|
(700)
|
(748)
|
(796)
|
(589)
|
(638)
|
(696)
|
(777)
|
|
| Research & Development |
(365)
|
(395)
|
(416)
|
(427)
|
(430)
|
(758)
|
(791)
|
(849)
|
(926)
|
(680)
|
(733)
|
(763)
|
(773)
|
|
| Depreciation & Amortization |
0
|
(3)
|
(7)
|
(10)
|
(14)
|
(14)
|
(15)
|
(15)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
|
| Operating Income |
(172)
N/A
|
(208)
-21%
|
(204)
+2%
|
(173)
+15%
|
(140)
+19%
|
(659)
-370%
|
(637)
+3%
|
(610)
+4%
|
(561)
+8%
|
33
N/A
|
131
+303%
|
263
+100%
|
442
+68%
|
|
| Pre-Tax Income | ||||||||||||||
| Total Other Income |
14
|
25
|
37
|
46
|
53
|
57
|
64
|
75
|
75
|
81
|
82
|
81
|
87
|
|
| Pre-Tax Income |
(158)
N/A
|
(183)
-16%
|
(167)
+9%
|
(127)
+24%
|
(87)
+32%
|
(602)
-592%
|
(572)
+5%
|
(536)
+6%
|
(485)
+9%
|
114
N/A
|
213
+87%
|
344
+61%
|
529
+54%
|
|
| Net Income | ||||||||||||||
| Tax Provision |
(1)
|
(1)
|
(2)
|
(4)
|
(4)
|
(3)
|
(2)
|
(1)
|
1
|
3
|
3
|
5
|
1
|
|
| Income from Continuing Operations |
(159)
|
(184)
|
(170)
|
(132)
|
(91)
|
(605)
|
(574)
|
(537)
|
(484)
|
117
|
216
|
349
|
530
|
|
| Net Income (Common) |
(159)
N/A
|
(184)
-16%
|
(170)
+8%
|
(132)
+22%
|
(91)
+31%
|
(605)
-566%
|
(574)
+5%
|
(537)
+6%
|
(484)
+10%
|
117
N/A
|
216
+85%
|
349
+61%
|
530
+52%
|
|
| EPS (Diluted) |
-1
N/A
|
-1.15
-15%
|
-1.06
+8%
|
-0.83
+22%
|
-0.57
+31%
|
-3.71
-551%
|
-3.49
+6%
|
-2.79
+20%
|
-3.33
-19%
|
0.58
N/A
|
1.08
+86%
|
1.72
+59%
|
2.62
+52%
|
|