Reddit Inc
For the period ended Sep 30, 2024. Filed Oct 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 30, 2024
RDDT$100.79+6.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(in thousands, except share and per share amounts)
| September 30,2024 | December 31,2023 | |
|---|---|---|
| (unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $515,895 | $401,176 |
| Marketable securities | 1,229,072 | 811,946 |
| Accounts receivable, net | 283,890 | 245,279 |
| Prepaid expenses and other current assets | 31,974 | 21,286 |
| Total current assets | 2,060,831 | 1,479,687 |
| Property and equipment, net | 13,775 | 14,946 |
| Operating lease right-of-use assets, net | 23,872 | 24,008 |
| Intangible assets, net | 27,904 | 32,147 |
| Goodwill | 42,174 | 26,299 |
| Other noncurrent assets | 3,152 | 19,380 |
| Total assets | $2,171,708 | $1,596,467 |
| LIABILITIES, CONVERTIBLE PREFERRED STOCK, AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| Current liabilities: | ||
| Accounts payable | $62,042 | $46,514 |
| Operating lease liabilities | 5,398 | 3,707 |
| Accrued expenses and other current liabilities | 104,844 | 83,349 |
| Total current liabilities | 172,284 | 133,570 |
| Operating lease liabilities, noncurrent | 21,567 | 22,040 |
| Other noncurrent liabilities | 249 | 287 |
| Total liabilities | 194,100 | 155,897 |
| Commitments and contingencies (Note 10) | ||
| Convertible preferred stock, par value $0.0001 per share; no and 86,864,781 shares authorized as of September 30, 2024 and December 31, 2023, respectively; no and 73,021,449 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively; aggregate liquidation preference of $0 and $1,847,993 as of September 30, 2024 and December 31, 2023, respectively | — | 1,853,492 |
| Stockholders’ equity (deficit): | ||
| Preferred stock, par value $0.0001 per share; 100,000,000 and no shares authorized as of September 30, 2024 and December 31, 2023, respectively; no shares issued and outstanding as of September 30, 2024 and December 31, 2023 | — | — |
| Class A common stock, par value $0.0001 per share; 2,000,000,000 and 189,000,000 shares authorized as of September 30, 2024 and December 31, 2023, respectively; 116,913,495 and 7,099,700 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | 12 | — |
| Class B common stock, par value $0.0001 per share; 140,000,000 and 142,000,000 shares authorized as of September 30, 2024 and December 31, 2023, respectively; 57,241,263 and 53,904,204 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | 5 | 6 |
| Class C common stock, par value $0.0001 per share; 100,000,000 and no shares authorized as of September 30, 2024 and December 31, 2023, respectively; no shares issued and outstanding as of September 30, 2024 and December 31, 2023 | — | — |
| Additional paid-in capital | 3,245,315 | 302,820 |
| Accumulated other comprehensive income (loss) | 4,150 | 814 |
| Accumulated deficit | (1,271,874) | (716,562) |
| Total stockholders’ equity (deficit) | 1,977,608 | (412,922) |
| Total liabilities, convertible preferred stock, and stockholders’ equity (deficit) | $2,171,708 | $1,596,467 |
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