# Reddit, Inc. (RDDT)

> Source: Nexqual · https://nexqual.com/RDDT · data as of 2026-10-22 20:03 UTC · cite as "Nexqual, Reddit, Inc. (RDDT), nexqual.com/RDDT" · informational, not investment advice.

**Price:** USD 150.26 (-1.97% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 153.28 · day 147.77–152.46 · 52w 119.27–263.5 · market cap $28.9B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $2.78B, net income $871M (31.3% margin), free cash flow $1.02B (SEC filings).
- Valuation: P/E 33.2x (avg 87.7x at the last 1 fiscal year-ends).
- 2 of 80 tracked superinvestors hold RDDT (13F, Q2 2026): 0 new, 1 added, 1 reduced, 0 unchanged.
- Analysts: Buy (mean 2.21 on a 1–5 scale) (34 analysts), mean target USD 212.95 (range 130–300).
- Total return with dividends: 1Y -25.2% vs S&P 500 +14.9%; 5Y +226.7% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 1.32, revenue estimate $875M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|
| Revenue | $667M | $804M | $1.30B | $2.20B | $2.78B |
| Gross profit | $562M | $693M | $1.18B | $2.01B | — |
| Operating income | -$172M | -$140M | -$561M | $442M | $785M |
| Net income | -$159M | -$90.8M | -$484M | $530M | $871M |
| EPS (diluted) | -$2.77 | -$1.54 | -$3.33 | $2.62 | — |
| Free cash flow | -$100M | -$84.8M | $216M | $684M | $1.02B |
| Gross margin | 84.3% | 86.2% | 90.5% | 91.2% | — |
| Operating margin | -25.8% | -17.4% | -43.1% | 20.1% | 28.2% |
| Net margin | -23.8% | -11.3% | -37.2% | 24.1% | 31.3% |
| Revenue growth | — | +20.6% | +61.7% | +69.4% | — |
| Cash + short-term investments | $436M | $1.21B | $1.84B | $2.48B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 33.2x · P/S 10.4x · P/FCF 28.4x · P/B 8.8x · FCF yield 3.52% · Earnings yield 3.01%
P/E at fiscal year-ends: Dec 2025 87.7x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold RDDT. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Chase Coleman | Tiger Global Management | 1.83% | $439M | Added +1.1% |
| Viking Global | Viking Global Investors | 0.77% | $272M | Reduced -38.6% |

## Analysts
Consensus Buy (mean 2.21 on a 1–5 scale), 34 analysts; mean target USD 212.95 (low 130, high 300).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-09 | Needham | Reiterated | Buy | $300 |
| 2026-09-18 | DA Davidson | Target lowered | Buy | $200 → $185 |
| 2026-08-21 | Morgan Stanley | Target lowered | Overweight | $240 → $210 |
| 2026-07-31 | JP Morgan | Target lowered | Neutral | $200 → $185 |
| 2026-07-31 | Oppenheimer | Target lowered | Outperform | $225 → $200 |
| 2026-07-31 | B. Riley Securities | Target raised | Buy | $250 → $270 |
| 2026-07-31 | Wells Fargo | Target lowered | Equal-Weight | $187 → $142 |
| 2026-07-31 | Cantor Fitzgerald | Target lowered | Neutral | $200 → $170 |
| 2026-07-31 | Piper Sandler | Target lowered | Overweight | $215 → $195 |
| 2026-07-31 | Truist Securities | Target raised | Buy | $265 → $275 |
| 2026-07-31 | Wedbush | Target lowered | Outperform | $250 → $221 |
| 2026-07-29 | Keybanc | Initiated | Overweight | $225 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2024-03-18) |
|---|---|---|
| Total return | -25.2% | +226.7% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -25.3% | +57.7% |
| Volatility (annualized) | 70.5% | 71.3% |
| Max drawdown | -52.9% (Jan 2026→Mar 2026) | -61.4% (Feb 2025→Mar 2025) |

## Peers (Internet Content & Information)
BIDU (Baidu, Inc.) USD 77.98 -1.07% · NBIS (Nebius Group N.V.) USD 159.17 -7.23% · TME (Tencent Music Entertainment Gro) USD 8.6 +1.90% · PINS (Pinterest, Inc.) USD 22.93 -0.09% · MTCH (Match Group, Inc.) USD 45.92 -0.82% · SNAP (Snap Inc.) USD 6.35 +0.00%

## More
Full page: https://nexqual.com/RDDT · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.32 | $1.26 | +5.1% | $875.0M | 23 |
| Next quarter (ends 2026-12-31) | $1.83 | $1.74 | +5.1% | $1.05B | 23 |
| Current fiscal year (ends 2026-12-31) | $5.39 | $4.98 | +8.3% | $3.39B | 29 |
| Next fiscal year (ends 2027-12-31) | $7.10 | $6.53 | +8.8% | $4.47B | 29 |