Reddit Inc

For the period ended Sep 30, 2024. Filed Oct 30, 2024.

About this filing

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$98.67-2.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Statements of Cash Flows

(in thousands)

	Three months ended September 30,		Nine months ended September 30,
	2024	2023	2024	2023
Cash flows from operating activities
Net income (loss)	$29,853	$(7,383)	$(555,312)	$(109,358)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	3,969	3,288	11,482	9,947
Non-cash operating lease cost	1,453	3,428	4,041	10,112
Amortization of premium (accretion of discount) on marketable securities, net	(12,393)	(7,613)	(31,884)	(18,895)
Stock-based compensation expense	74,758	9,392	716,532	31,975
Other adjustments	(4,665)	199	(4,039)	365
Changes in operating assets and liabilities:
Accounts receivable	(44,108)	(25,630)	(38,914)	(717)
Prepaid expenses and other assets	8,416	1,273	(11,766)	2,101
Operating lease right-of-use assets and liabilities	(1,378)	(2,168)	(2,688)	(5,250)
Accounts payable	442	2,010	16,484	2,393
Accrued expenses and other liabilities	15,275	15,501	28,135	19,646
Net cash provided by (used in) operating activities	$71,622	$(7,703)	$132,071	$(57,681)
Cash flows from investing activities
Purchases of property and equipment	(1,353)	(3,936)	(5,406)	(5,122)
Proceeds from sale of cryptocurrency	6,869	—	6,869	—
Purchases of marketable securities	(428,225)	(313,823)	(1,425,737)	(928,035)
Maturities of marketable securities	447,302	320,337	1,043,361	955,214
Proceeds from sale of marketable securities	—	—	—	37,538
Cash paid for acquisitions, net of cash acquired	(17,137)	—	(17,137)	—
Other investing activities	487	(3)	460	109
Net cash provided by (used in) investing activities	$7,943	$2,575	$(397,590)	$59,704
Cash flows from financing activities
Proceeds from issuance of Class A common stock in initial public offering, net of underwriting discounts and commissions	—	—	600,022	—
Proceeds from exercise of employee stock options	38,001	794	62,933	2,585
Taxes paid related to net share settlement of restricted stock units	(65,800)	—	(268,106)	(4,229)
Payments of initial public offering costs	(2,162)	(38)	(8,500)	(896)
Payments of deferred consideration and holdbacks for acquisitions	(1,661)	(979)	(6,111)	(979)
Net cash provided by (used in) financing activities	$(31,622)	$(223)	$380,238	$(3,519)
Net increase (decrease) in cash, cash equivalents, and restricted cash	47,943	(5,351)	114,719	(1,496)
Cash, cash equivalents, and restricted cash at the beginning of the period	468,002	439,715	401,226	435,860
Cash, cash equivalents, and restricted cash at the end of the period	$515,945	$434,364	$515,945	$434,364
Cash and cash equivalents	515,895	434,314	515,895	434,314
Restricted cash	50	50	50	50
Total cash, cash equivalents, and restricted cash	$515,945	$434,364	$515,945	$434,364
Supplemental disclosures of cash flow information
Cash paid for income taxes	$1,427	$667	$4,152	$1,519
Supplemental disclosure of noncash financing and investing activities
Conversion of convertible preferred stock to common stock upon initial public offering	$—	$—	$1,853,492	$—
Reclassification of deferred offering costs to additional paid-in capital upon initial public offering	$—	$—	$23,754	$—
Operating lease right-of-use assets recognized in exchange for lease liabilities	$219	$—	$3,906	$12,014

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.