Reddit Inc
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 13, 2025
RDDT$100.79+6.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(in thousands, except share and per share amounts)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $562,092 | $401,176 |
| Marketable securities | 1,278,717 | 811,946 |
| Accounts receivable, net | 349,534 | 245,279 |
| Prepaid expenses and other current assets | 33,058 | 21,286 |
| Total current assets | 2,223,401 | 1,479,687 |
| Property and equipment, net | 12,652 | 14,946 |
| Operating lease right-of-use assets, net | 23,249 | 24,008 |
| Intangible assets, net | 25,424 | 32,147 |
| Goodwill | 42,174 | 26,299 |
| Other noncurrent assets | 9,695 | 19,380 |
| Total assets | $2,336,595 | $1,596,467 |
| LIABILITIES, CONVERTIBLE PREFERRED STOCK, AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| Current liabilities: | ||
| Accounts payable | $45,423 | $46,514 |
| Operating lease liabilities | 6,137 | 3,707 |
| Accrued expenses and other current liabilities | 124,464 | 83,349 |
| Total current liabilities | 176,024 | 133,570 |
| Operating lease liabilities, noncurrent | 20,565 | 22,040 |
| Other noncurrent liabilities | 9,257 | 287 |
| Total liabilities | 205,846 | 155,897 |
| Commitments and contingencies (Note 11) | ||
| Convertible preferred stock, par value $0.0001 per share; no and 86,864,781 shares authorized as of December 31, 2024 and 2023, respectively; no and 73,021,449 shares issued and outstanding as of December 31, 2024 and 2023, respectively; aggregate liquidation preference of $0 and $1,847,993 as of December 31, 2024 and 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 December 31, 2024 and 2023, respectively; no shares issued and outstanding as of December 31, 2024 and 2023 | — | — |
| Class A common stock, par value $0.0001 per share; 2,000,000,000 and 189,000,000 shares authorized as of December 31, 2024 and 2023, respectively; 125,001,880 and 7,099,700 shares issued and outstanding as of December 31, 2024 and 2023, respectively | 12 | — |
| Class B common stock, par value $0.0001 per share; 140,000,000 and 142,000,000 shares authorized as of December 31, 2024 and 2023, respectively; 55,314,099 and 53,904,204 shares issued and outstanding as of December 31, 2024 and 2023, respectively | 5 | 6 |
| Class C common stock, par value $0.0001 per share; 100,000,000 and no shares authorized as of December 31, 2024 and 2023, respectively; no shares issued and outstanding as of December 31, 2024 and 2023 | — | — |
| Additional paid-in capital | 3,331,546 | 302,820 |
| Accumulated other comprehensive income (loss) | 24 | 814 |
| Accumulated deficit | (1,200,838) | (716,562) |
| Total stockholders’ equity (deficit) | 2,130,749 | (412,922) |
| Total liabilities, convertible preferred stock, and stockholders’ equity (deficit) | $2,336,595 | $1,596,467 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.