← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
Reddit grew revenue 69.4% to $2.20B and swung from a $484.3M loss to $529.7M of net income, the only profitable year of the four on record, as advertising revenue rose from $1,185.5 million to $2,062.5 million
The read at a glance✓ Audited against SEC data
- Growth — Revenue up 69.4% to $2.20B, faster than the 61.7% of FY2024OK
- Profitability — Operating margin up 6318 bps to 20.07%; net income $529.7MOK
- Cash flow — Free cash flow up 217.0% to $684.2MOK
- Balance sheet — $2.5 billion of cash and securities; $494.7 million of revolver capacityOK
- Accounting — Safe balance-sheet score; no manipulation flag; earnings quality safeOK
- Control — CEO Steve Huffman votes approximately 75% of the voting powerWatch
Business
Reddit is a network of more than 100,000 active interest-based communities (subreddits), moderated by volunteers and curated by upvotes, with an average of 121.4 million daily active uniques in the fourth quarter of 2025. It earns most of its revenue from advertising placed in feeds and conversations, plus content licensing of its archive of over two billion posts and over 22 billion comments.
Where the revenue comes from
Fiscal 2025, as Reddit, Inc. reports it. History and quarterly detail are in the app.
- Advertising revenue$2.1B
- Other revenue$140.0M
Latest filings
- 8-K · Company announcement2026-08-12
- 10-Q · Quarterly report2026-07-31
- 8-K · Company announcement2026-07-30
- 8-K · Company announcement2026-06-10
- 10-Q · Quarterly report2026-05-01
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about Reddit, Inc., every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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