Reddit, Inc.
For the period ended Sep 30, 2026. Filed Oct 30, 2026.
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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, 2026 · Filed Oct 30, 2026
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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Consolidated Statements of Cash Flows
(in thousands)
| Three months ended September 30, | Nine months ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Cash flows from operating activities | ||||
| Net income | $283,264 | $162,663 | $740,093 | $278,118 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||||
| Depreciation and amortization | 4,260 | 3,900 | 12,728 | 11,797 |
| Amortization of premium (accretion of discount) on marketable securities, net | (3,069) | (6,779) | (10,165) | (22,354) |
| Stock-based compensation expense | 131,306 | 83,518 | 300,594 | 258,002 |
| Other adjustments | 1,974 | 2,246 | 4,787 | 5,187 |
| Changes in operating assets and liabilities: | ||||
| Accounts receivable | (80,007) | (80,997) | (139,278) | (138,754) |
| Prepaid expenses and other assets | 10,186 | 2,934 | (26,020) | (23,424) |
| Operating lease right-of-use assets and liabilities | (998) | (2,038) | (4,388) | (5,407) |
| Accounts payable | 18,927 | 7,995 | 44,964 | 26,940 |
| Accrued expenses and other liabilities | (2,046) | 11,717 | 14,611 | 33,963 |
| Net cash provided by (used in) operating activities | $363,797 | $185,159 | $937,926 | $424,068 |
| Cash flows from investing activities | ||||
| Purchases of property and equipment | (1,229) | (2,058) | (3,453) | (3,542) |
| Purchases of marketable securities | (596,102) | (544,101) | (1,273,009) | (1,605,404) |
| Maturities of marketable securities | 209,449 | 563,460 | 1,093,164 | 1,581,054 |
| Proceeds from sale of marketable securities | 4,945 | — | 22,934 | 12,372 |
| Other investing activities | (893) | (788) | (3,930) | 2,455 |
| Net cash provided by (used in) investing activities | $(383,830) | $16,513 | $(164,294) | $(13,065) |
| Cash flows from financing activities | ||||
| Proceeds from exercise of employee stock options | 5,396 | 6,013 | 15,332 | 20,500 |
| Taxes paid related to net share settlement of restricted stock units | (14,249) | (28,595) | (44,991) | (80,495) |
| Repurchases of Class A common stock | (100,369) | — | (339,959) | — |
| Other financing activities | — | (1,497) | — | (1,497) |
| Net cash provided by (used in) financing activities | $(109,222) | $(24,079) | $(369,618) | $(61,492) |
| Net increase (decrease) in cash and cash equivalents | (129,255) | 177,593 | 404,014 | 349,511 |
| Cash and cash equivalents at the beginning of the period | 1,486,838 | 734,060 | 953,569 | 562,142 |
| Cash and cash equivalents at the end of the period | $1,357,583 | $911,653 | $1,357,583 | $911,653 |
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