RDDT
Income statement / Annual
Last year (2023), Reddit, Inc.'s total revenue was $804.03 M,
an increase of 20.60% from the previous year.
In 2023, Reddit, Inc.'s net income was -$90.82 M.
See Reddit, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
| Operating Revenue |
$804.03 M
|
$666.70 M
|
$484.92 M
|
$228.91 M
|
| Cost of Revenue |
$111.01 M |
$104.80 M |
$72.57 M |
$55.03 M |
| Gross Profit |
$693.02 M |
$561.90 M |
$412.35 M |
$173.88 M |
| Gross Profit Ratio |
0.86 |
0.84 |
0.85 |
0.76 |
| Research and Development
Expenses |
$438.35 M
|
$365.16 M
|
$257.27 M
|
$117.53 M
|
| General & Administrative
Expenses |
$164.66 M
|
$143.82 M
|
$144.72 M
|
$43.52 M
|
| Selling & Marketing
Expenses |
$230.18 M
|
$225.08 M
|
$137.87 M
|
$75.40 M
|
| Selling, General &
Administrative Expenses |
$394.83 M
|
$368.90 M
|
$282.59 M
|
$118.91 M
|
| Other Expenses |
$0.00 |
$14.23 M |
-$343,000.00 |
$3.49 M |
| Operating Expenses |
$833.18 M |
$719.83 M |
$539.91 M |
$232.95 M |
| Cost And Expenses |
$944.19 M |
$824.63 M |
$612.47 M |
$287.98 M |
| Interest Income |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Interest Expense |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Depreciation &
Amortization |
$13.70 M
|
$8.00 M
|
$2.81 M
|
$1.93 M
|
| EBITDA |
-$126.46 M
|
-$164.16 M
|
-$124.40 M
|
-$60.62 M
|
| EBITDA Ratio |
-0.16 |
-0.25 |
-0.26 |
-0.26 |
| Operating Income Ratio
|
-0.17
|
-0.26
|
-0.26
|
-0.27
|
| Total Other
Income/Expenses Net |
$53.14 M
|
$14.23 M
|
-$343,000.00
|
$3.49 M
|
| Income Before Tax |
-$87.02 M |
-$157.93 M |
-$127.56 M |
-$59.07 M |
| Income Before Tax Ratio
|
-0.11
|
-0.24
|
-0.26
|
-0.26
|
| Income Tax Expense |
$3.80 M |
$622,000.00 |
$340,000.00 |
$102,000.00 |
| Net Income |
-$90.82 M |
-$158.55 M |
-$127.90 M |
-$59.17 M |
| Net Income Ratio |
-0.11 |
-0.24 |
-0.26 |
-0.26 |
| EPS |
-1.54 |
-2.77 |
-2.47 |
-1.23 |
| EPS Diluted |
-1.54 |
-2.77 |
-2.47 |
-1.23 |
| Weighted Average Shares
Out |
$59.14 M
|
$57.25 M
|
$51.69 M
|
$48.26 M
|
| Weighted Average Shares
Out Diluted |
$59.14 M
|
$57.25 M
|
$51.69 M
|
$48.26 M
|
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