Reddit is a social media platform where users can engage in conversations, explore, and create communities centered around their interests.
It is a $30.8B technology company. Revenue grew 66.6% over the last year, it keeps 31¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 35.3× earnings — in the cheapest third of its own history.
- Website
- reddit.com
- Location
- San Francisco, CA
- Employees
- 2 555
- Sector
- Technology
- Founded
- 2011
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong profitability and health; Valuation, Growth and Moat lag behind.
Valuation47
- P/E vs own history14th pct · 25/25
- FCF yield3.3% · 12/25
- P/S11.1x · 5/25
- EV/EBITDA36.5x · 5/25
Growth45
- Revenue CAGR46.0% · 25/25
- Net income CAGRn/a · 0/25
- EPS CAGR ~5Yn/a · 0/25
- Fwd implied growth18.8% · 20/25
Profitability100
- ROIC111.4% · 25/25
- ROE29.0% · 25/25
- Net margin31.3% · 25/25
- Operating margin28.3% · 25/25
Health75
- Altman Zn/a · 0/25
- Current ratio10.49 · 25/25
- Interest coverageno interest expense · 25/25
- Net cash / debtNet cash · 25/25
Quality60
- Piotroski F6/9 · 15/25
- Beneish M-2.31 · 20/25
- FCF conversion117% · 25/25
- Margin stabilityσ 58.9% · 0/25
Moat30
- ROIC >12% years1/5 yrs · 0/25
- Median gross margin86.2% · 25/25
- FCF-positive years2/5 yrs · 5/25
- Worst-year net marginworst -37.2% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialTurned profitable$530M net income after a loss year
- FY2025FinancialBest year on record$530M net income
- FY2024FinancialRevenue crossed $1B$1.30B for the year
- 2024IPOThe company became a public company via an initial public offering, raising $600 million
- 2018ProductReddit launched its redesigned website in 2018, with its first major visual update in a decade
- 2017ProductReddit's in-house video uploading service for desktop and mobile launched in 2017
- 2013ProductReddit rolled out its multireddit feature, the site's biggest change to its front page in years, in 2013
- 2011FoundedOhanian claimed that rather than Swartz being a co-founder, the correct description would be that Swartz's…
- 2011MilestoneReddit became an independent subsidiary of Condé Nast's parent company, Advance Publications
- 2008MilestoneAnd later…
- 2006AcquisitionCondé Nast Publications acquired the site in October 2006
- 2005AcquisitionBetween November 2005 and January 2006, Reddit merged with Aaron Swartz's company Infogami
- 2005ProductSupported by the funding from Y Combinator, Huffman coded the site in Common Lisp and together with Ohanian launched…
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (91.4%)
- Strongly profitable — 31.3% net margin
- Revenue growing 66.6% year over year
- Strong cash conversion — FCF is 36.7% of revenue
- Net cash position after subtracting debt from cash
Watch-outs
- Loss-making in 4 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+66.6% YoY
- Profitable — makes more than it spends$871M TTM
- Profit growing — earnings are higher than last year+209.4% YoY
- Generates cash — cash left after running and investing$1.02B TTM
- Debt under control — could handle its obligationsmore cash than debt
- Established company — not a micro-cap — lower blow-up risk$30.8B market cap
- Not printing shares — share count not ballooning — you keep your slice+258.5% shares over ~5y
- Proven track record — years of profitability behind it1/5 profitable years
- Financially stable — balance sheet not near distresshealth score 50/100
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsP/E 35.3
Peer comparisonReddit, Inc. vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| RDDT this company | $30.8B | 35.3 | +66.6% | 31.3% | Mixed |
| NVDA Nvidia Corp | $5.5T | 28.6 | +83.4% | 63.7% | Mixed |
| AAPL Apple Inc. | $4.9T | 38.1 | +14.2% | 27.6% | Strong |
| GOOGL Alphabet Inc. | $4.3T | 17.6 | +20.1% | 54.8% | Mixed |
| MSFT Microsoft Corp | $4.0T | 29.7 | +17.8% | 40.3% | Strong |
| SPCX Space Exploration Technologies Corp. | $2.1T | — | +33.2% | -34.0% | Strained |
| META Meta Platforms, Inc. | $1.8T | 26.9 | +27.7% | 29.8% | Mixed |
Head-to-head: RDDT vs NVDA · RDDT vs AAPL · RDDT vs GOOGL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2021–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/RDDT
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of RDDT on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $159.91 · market cap $30.8B.