Reddit (RDDT) stock
Communication Services · Interactive Media & Services
Reddit (RDDT) is an Interactive Media & Services company in the Communication Services sector, headquartered in San Francisco, California. As of October 23, 2026, RDDT closed at $144.25, a market capitalization of $27.75 billion, the 335th largest company in the S&P 500. Over the last twelve months it generated $2.78 billion in revenue (+61% year over year) and $1.02 billion in free cash flow. The stock trades at 33.5x trailing earnings and 14.9x forward earnings.
- 1-year total return: -28.2% (dividends reinvested)
- 52-week range: $119.27 – $263.50
- Gross margin 91.4%, operating margin 28.8%
- FI Handbook report card: B across 10 metrics
- 16th largest of 22 Communication Services stocks in the S&P 500
RDDT price chart
1Y price change: -28.2% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| RDDT | -5.1% | -37.2% | -28.2% | — | — | — | +50.0% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 2024.
RDDT key statistics
- Market cap
- $27.8B
- #335 in S&P 500
- P/E (TTM)
- 33.5x
- Forward P/E
- 14.9x
- EPS (TTM)
- $4.30
- Revenue (TTM)
- $2.8B
- +61%
- Free cash flow
- $1.0B
- Gross margin
- 91.4%
- Operating margin
- 28.8%
- Return on equity
- 30.7%
- Dividend yield
- None
- 52-week range
- $119.27 – $263.50
- Beta
- 2.05
- Price / sales
- 10.0x
- EV / EBITDA
- 31.2x
- Debt / equity
- 0.01x
- Employees
- 2,555
RDDT report card
BTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth61.1%A
- Gross margin91.4%A
- Operating margin28.8%B
- FCF margin36.7%A
- Return on equity30.7%A
- Net debt / EBITDA-3.5xA
- Forward P/E14.9xA
- PEG ratio0.7xA
- Shareholder yield0.0%F
- Share count change / yr52.3%F
Reddit financials
Revenue went from $666.7M in fiscal 2022 to $2.2B in fiscal 2025, growing 48.9% a year.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $666.7M | $804.0M | $1.3B | $2.2B |
| Gross profit | $561.9M | $693.0M | $1.2B | $2.0B |
| Operating income | -$172.2M | -$140.2M | -$560.6M | $442.0M |
| Net income | -$158.6M | -$90.8M | -$484.3M | $529.7M |
| EPS (diluted) | $-2.77 | $-1.54 | $-3.33 | $2.62 |
| Free cash flow | -$100.3M | -$84.8M | $215.8M | $684.2M |
| Diluted shares | 57.3M | 59.1M | 145.5M | 202.1M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into RDDT?
A reverse DCF asks what growth the current price requires. With an enterprise value of $25.0B and $1.0B of trailing free cash flow, Reddit needs to grow free cash flow about 15.7% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return.
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
RDDT analyst price targets
33 analysts' average 12-month target is $212.95 (+48% vs. $144.25). Targets range from $130.00 to $300.00. 65% rate it a buy.
RDDT earnings
Next report: October 29, 2026. Reddit has beaten EPS estimates 8 quarters in a row. Last quarter's revenue was $804.9M (+61% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 30, 2026 | $0.96 | $1.25 | +29.6% |
| Apr 30, 2026 | $1.11 | $1.40 | +26.1% |
| Feb 5, 2026 | $1.45 | $1.68 | +16.4% |
| Oct 30, 2025 | $1.05 | $1.26 | +20.7% |
| Jul 31, 2025 | $0.19 | $0.92 | +34.0% |
| May 1, 2025 | $0.01 | $0.13 | +870.9% |
| Feb 12, 2025 | $0.25 | $0.36 | +44.3% |
| Oct 29, 2024 | $0.41 | $0.59 | +42.9% |
Stocks like RDDT
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 GOOGL Alphabet | -1.24% | +27% | $3.9T | 16.1x | Compare |
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 META Meta Platforms | -0.96% | -12% | $1.6T | 21.9x | Compare |
 NFLX Netflix | -1.79% | -41% | $274.2B | 19.0x | Compare |
 DIS Walt Disney | -0.54% | +1% | $194.3B | 23.2x | Compare |
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 TMUS T-Mobile US | -7.71% | -32% | $157.2B | 15.3x | Compare |
 T AT&T | -7.96% | -11% | $141.0B | 11.2x | Compare |
RDDT news
- Can ‘Reddit Max’ Save RDDT From Slower Growth Guidance on Oct. 29? · Oct 25, 2026
- Reddit's Q3 DAU Pressure Offset by Strong Ad Trends, Wedbush Says · Oct 23, 2026
- Is Reddit (RDDT) Below Fair Value As Earnings Near And Ad Growth Faces Questions? · Oct 23, 2026
- RDDT vs. META: Which Digital Advertising Stock Has an Edge Right Now? · Oct 22, 2026
- Reddit Inc. (RDDT) Stock Dips While Market Gains: Key Facts · Oct 21, 2026
RDDT stock FAQ
What is RDDT's market cap?
Reddit's market capitalization is $27.75 billion as of October 23, 2026, ranking 335th in the S&P 500.
What is RDDT's P/E ratio?
RDDT trades at a trailing price-to-earnings ratio of 33.5x and a forward P/E of 14.9x. Its median P/E over the period we track is 55.6x.
Does RDDT pay a dividend?
No. Reddit does not currently pay a regular cash dividend.
How much has RDDT stock returned?
Including reinvested dividends, RDDT returned -28.2% over one year through October 23, 2026.
Is RDDT stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Reddit must grow free cash flow about 16% a year for the next decade. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the RDDT price target?
33 analysts cover RDDT with an average 12-month price target of $212.95, +48% from the current price. 65% of them rate it a buy.
When does RDDT report earnings?
Reddit is expected to report earnings on October 29, 2026. It has beaten EPS estimates 8 quarters in a row.
How many employees does Reddit have?
Reddit has about 2,555 full-time employees, or $1.1 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology