Reddit Inc
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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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$98.67-2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
(in thousands)
| Year ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities | |||
| Net income (loss) | $(484,276) | $(90,824) | $(158,550) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 15,643 | 13,702 | 8,000 |
| Non-cash operating lease cost | 4,110 | 11,359 | 10,464 |
| Amortization of premium (accretion of discount) on marketable securities, net | (43,400) | (27,442) | (3,264) |
| Stock-based compensation expense | 801,646 | 47,598 | 55,310 |
| Other adjustments | (4,187) | 484 | 4,099 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (104,280) | (53,318) | (30,230) |
| Prepaid expenses and other assets | (19,485) | 3,878 | (1,911) |
| Operating lease right-of-use assets and liabilities | (2,397) | (5,758) | (10,325) |
| Accounts payable | (570) | 12,470 | 10,905 |
| Accrued expenses and other liabilities | 59,264 | 12,737 | 21,481 |
| Net cash provided by (used in) operating activities | $222,068 | $(75,114) | $(94,021) |
| Cash flows from investing activities | |||
| Purchases of property and equipment | (6,248) | (9,724) | (6,233) |
| Proceeds from sale of cryptocurrency | 6,869 | — | — |
| Purchases of marketable securities | (1,996,725) | (1,259,854) | (1,430,589) |
| Maturities of marketable securities | 1,573,602 | 1,273,159 | 674,399 |
| Proceeds from sale of marketable securities | — | 37,538 | 500 |
| Cash paid for acquisitions, net of cash acquired | (17,137) | — | (42,196) |
| Other investing activities | (1,048) | 172 | (64) |
| Net cash provided by (used in) investing activities | $(440,687) | $41,291 | $(804,183) |
| 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 | 88,972 | 8,428 | 7,034 |
| Taxes paid related to net share settlement of restricted stock units | (294,573) | (4,320) | — |
| Payments of initial public offering costs | (8,775) | (1,441) | (9,796) |
| Payments of deferred consideration and holdbacks for acquisitions | (6,111) | (3,478) | — |
| Other financing activities | — | — | (1,022) |
| Net cash provided by (used in) financing activities | $379,535 | $(811) | $(3,784) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 160,916 | (34,634) | (901,988) |
| Cash, cash equivalents, and restricted cash at the beginning of the period | 401,226 | 435,860 | 1,337,848 |
| Cash, cash equivalents, and restricted cash at the end of the period | $562,142 | $401,226 | $435,860 |
| Cash and cash equivalents | 562,092 | 401,176 | 435,810 |
| Restricted cash | 50 | 50 | 50 |
| Total cash, cash equivalents, and restricted cash | $562,142 | $401,226 | $435,860 |
| 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 | $— | $— |
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