Reddit, Inc.

For the period ended Sep 30, 2025. Filed Oct 31, 2025.

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, 2025 · Filed Oct 31, 2025

RDDT$100.79+6.0%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

(in thousands, except share and per share amounts)

	Three months ended September 30,		Nine months ended September 30,
	2025	2024	2025	2024
Revenue	$584,911	$348,351	$1,476,899	$872,498
Costs and expenses:
Cost of revenue	52,509	34,633	135,498	91,750
Research and development	196,379	166,701	584,260	746,508
Sales and marketing	128,707	74,510	340,011	270,063
General and administrative	68,774	65,653	206,974	377,617
Total costs and expenses	446,369	341,497	1,266,743	1,485,938
Income (loss) from operations	138,542	6,854	210,156	(613,440)
Other income (expense), net	22,035	22,968	63,716	58,246
Income (loss) before income taxes	160,577	29,822	273,872	(555,194)
Income tax expense (benefit)	(2,086)	(31)	(4,246)	118
Net income (loss)	$162,663	$29,853	$278,118	$(555,312)
Net income (loss) per share attributable to Class A and Class B common stock (Note 4)
Basic	$0.87	$0.18	$1.50	$(4.12)
Diluted	$0.80	$0.16	$1.38	$(4.12)
Weighted-average shares of Class A and Class B common stock used to compute net income (loss) per share attributable to common stockholders
Basic	188,041,632	169,169,922	185,178,360	134,723,892
Diluted	202,727,809	192,322,916	201,659,094	134,723,892

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.