# Reddit, Inc. (RDDT) — Stock CV

Reddit, Inc. 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.

> Reddit is a social media platform where users can engage in conversations, explore, and create communities centered around their interests.

## Identity

- **Ticker**: RDDT
- **Sector**: Technology
- **Industry**: Services-Computer Processing & Data Preparation
- **Headquarters**: SAN FRANCISCO, CA
- **Employees**: 2 555
- **Website**: https://www.reddit.com
- **Market cap**: $30.8B
- **Last price**: $159.91
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $2.78B
- **Net income**: $871M
- **Free cash flow**: $1.02B
- **Net cash**: $2.45B
- **P/E**: 35.3
- **Revenue growth (YoY)**: 66.6%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 47 |
| Growth | 45 |
| Profitability | 100 |
| Health | 75 |
| Quality | 60 |
| Moat | 30 |

## Qualifications (beginner checklist) — 7 of 10 passed

- [x] Revenue growing — +66.6% YoY
- [x] Profitable — $871M TTM
- [x] Profit growing — +209.4% YoY
- [x] Generates cash — $1.02B TTM
- [x] Debt under control — more cash than debt
- [x] Established company — $30.8B market cap
- [ ] Not printing shares — +258.5% shares over ~5y
- [ ] Proven track record — 1/5 profitable years
- [ ] Financially stable — health score 50/100
- [x] Valuation not extreme — P/E 35.3

## Experience (career milestones)

- **FY2025** — Turned profitable: $530M net income after a loss year
- **FY2025** — Best year on record: $530M net income
- **FY2024** — Revenue crossed $1B: $1.30B for the year
- **2024** — The company became a public company via an initial public offering, raising $600 million
- **2018** — Reddit launched its redesigned website in 2018, with its first major visual update in a decade
- **2017** — Reddit's in-house video uploading service for desktop and mobile launched in 2017
- **2013** — Reddit rolled out its multireddit feature, the site's biggest change to its front page in years, in 2013
- **2011** — Ohanian claimed that rather than Swartz being a co-founder, the correct description would be that Swartz's…
- **2011** — Reddit became an independent subsidiary of Condé Nast's parent company, Advance Publications
- **2008** — And later…
- **2006** — Condé Nast Publications acquired the site in October 2006
- **2005** — Between November 2005 and January 2006, Reddit merged with Aaron Swartz's company Infogami
- **2005** — Supported by the funding from Y Combinator, Huffman coded the site in Common Lisp and together with Ohanian launched…

## 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

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $485M | -$128M | -$132M |
| FY2022 | $667M | -$159M | -$100M |
| FY2023 | $804M | -$90.8M | -$84.8M |
| FY2024 | $1.30B | -$484M | $216M |
| FY2025 | $2.20B | $530M | $684M |

---

Source: https://stockcv.com/RDDT — derived from company filings; may be delayed or incomplete. Information, not investment advice.