Reddit, Inc.
For the period ended Mar 31, 2025. Filed May 2, 2025.
View on SEC.govAbout 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.
Mar 31, 2025 · Filed May 2, 2025
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)
| March 31,2025 | December 31,2024 | |
|---|---|---|
| (unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $635,727 | $562,092 |
| Marketable securities | 1,315,415 | 1,278,717 |
| Accounts receivable, net | 326,131 | 349,534 |
| Prepaid expenses and other current assets | 51,397 | 33,058 |
| Total current assets | 2,328,670 | 2,223,401 |
| Property and equipment, net | 11,607 | 12,652 |
| Operating lease right-of-use assets, net | 23,408 | 23,249 |
| Intangible assets, net | 22,943 | 25,424 |
| Goodwill | 42,174 | 42,174 |
| Other noncurrent assets | 8,222 | 9,695 |
| Total assets | $2,437,024 | $2,336,595 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| Current liabilities: | ||
| Accounts payable | $43,870 | $45,423 |
| Operating lease liabilities | 6,376 | 6,137 |
| Accrued expenses and other current liabilities | 136,575 | 124,464 |
| Total current liabilities | 186,821 | 176,024 |
| Operating lease liabilities, noncurrent | 20,174 | 20,565 |
| Other noncurrent liabilities | 12,908 | 9,257 |
| Total liabilities | 219,903 | 205,846 |
| Commitments and contingencies (Note 10) | ||
| Stockholders’ equity (deficit): | ||
| Preferred stock, par value $0.0001 per share; 100,000,000 shares authorized as of March 31, 2025 and December 31, 2024; no shares issued and outstanding as of March 31, 2025 and December 31, 2024 | — | — |
| Class A common stock, par value $0.0001 per share; 2,000,000,000 shares authorized as of March 31, 2025 and December 31, 2024; 129,145,465 and 125,001,880 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively | 13 | 12 |
| Class B common stock, par value $0.0001 per share; 140,000,000 shares authorized as of March 31, 2025 and December 31, 2024; 55,121,821 and 55,314,099 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively | 5 | 5 |
| Class C common stock, par value $0.0001 per share; 100,000,000 shares authorized as of March 31, 2025 and December 31, 2024; no shares issued and outstanding as of March 31, 2025 and December 31, 2024 | — | — |
| Additional paid-in capital | 3,390,469 | 3,331,546 |
| Accumulated other comprehensive income (loss) | 1,314 | 24 |
| Accumulated deficit | (1,174,680) | (1,200,838) |
| Total stockholders’ equity (deficit) | 2,217,121 | 2,130,749 |
| Total liabilities and stockholders’ equity (deficit) | $2,437,024 | $2,336,595 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.