Reddit, Inc.
For the period ended Jun 30, 2025. Filed Aug 1, 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.
Jun 30, 2025 · Filed Aug 1, 2025
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 exhibitsContents
Consolidated Statements of Cash Flows
(in thousands)
| Three months ended June 30, | Six months ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Cash flows from operating activities | ||||
| Net income (loss) | $89,297 | $(10,099) | $115,455 | $(585,165) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||
| Depreciation and amortization | 3,934 | 3,770 | 7,897 | 7,513 |
| Non-cash operating lease cost | 1,514 | 1,335 | 2,982 | 2,588 |
| Amortization of premium (accretion of discount) on marketable securities, net | (6,691) | (11,362) | (15,575) | (19,491) |
| Stock-based compensation expense | 89,070 | 64,266 | 174,484 | 641,774 |
| Other adjustments | 97 | 141 | (41) | 626 |
| Changes in operating assets and liabilities: | ||||
| Accounts receivable | (81,116) | (24,793) | (57,757) | 5,194 |
| Prepaid expenses and other assets | (9,352) | (6,270) | (26,358) | (20,182) |
| Operating lease right-of-use assets and liabilities | (1,589) | (780) | (3,369) | (1,310) |
| Accounts payable | 19,991 | 18,220 | 18,945 | 16,042 |
| Accrued expenses and other liabilities | 6,176 | (6,043) | 22,246 | 12,860 |
| Net cash provided by (used in) operating activities | $111,331 | $28,385 | $238,909 | $60,449 |
| Cash flows from investing activities | ||||
| Purchases of property and equipment | (505) | (1,202) | (1,484) | (4,053) |
| Purchases of marketable securities | (556,457) | (861,827) | (1,061,303) | (997,512) |
| Maturities of marketable securities | 552,532 | 343,404 | 1,017,594 | 596,059 |
| Proceeds from sale of marketable securities | — | — | 12,372 | — |
| Other investing activities | 2,354 | (12) | 3,243 | (27) |
| Net cash provided by (used in) investing activities | $(2,076) | $(519,637) | $(29,578) | $(405,533) |
| 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 | 4,303 | 1,843 | 14,487 | 24,932 |
| Taxes paid related to net share settlement of restricted stock units | (15,225) | (7,569) | (51,900) | (202,306) |
| Payments of initial public offering costs | — | (3,585) | — | (6,338) |
| Other financing activities | — | — | — | (4,450) |
| Net cash provided by (used in) financing activities | $(10,922) | $(9,311) | $(37,413) | $411,860 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 98,333 | (500,563) | 171,918 | 66,776 |
| Cash, cash equivalents, and restricted cash at the beginning of the period | 635,727 | 968,565 | 562,142 | 401,226 |
| Cash, cash equivalents, and restricted cash at the end of the period | $734,060 | $468,002 | $734,060 | $468,002 |
| Cash and cash equivalents | $734,060 | $467,952 | $734,060 | $467,952 |
| Restricted cash | — | 50 | — | 50 |
| Total cash, cash equivalents, and restricted cash | $734,060 | $468,002 | $734,060 | $468,002 |
| 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 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.