Reddit, Inc.
NYSE-RDDT
Dec '22
Dec '23
Mar '24
Jun '24
Sep '24
Dec '24
Mar '25
Jun '25
Sep '25
| Operating Activities | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 |
|---|---|---|---|---|---|
Net Income | 349.2 | 216.3 | 116.9 | -484.3 | -536.8 |
Depreciation & Amortization | 16 | 16 | 15.9 | 15.6 | 15.2 |
Stock Based Compensation | 343.1 | 334.4 | 309.6 | 801.6 | 732.2 |
Other Adjustments | -28.8 | -39.8 | -44.6 | -43.5 | -39.1 |
Changes in Trade Receivables | -204.1 | -167.2 | -110.9 | -104.3 | -91.5 |
Changes in Accounts Payable | 9.9 | 2.3 | 0.6 | -0.6 | 26.6 |
Changes in Accrued Expenses | 65.1 | 68.7 | 56.4 | 59.3 | 21.2 |
Changes in Other Operating Activities | -36.3 | -30.1 | -26.2 | -21.9 | -13.2 |
Cash from Operating Activities | 514.1 | 400.5 | 317.6 | 222.1 | 114.6 |
| Investing Activities | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 |
|---|---|---|---|---|---|
Capital Expenditure | -4.4 | -3.7 | -4.4 | -6.2 | -10 |
Purchases of Investments | -2,176.4 | -2,060.5 | -2,365.9 | -1,996.7 | -1,757.6 |
Proceeds from Sale of Investments | 2,123.7 | 2,007.5 | 1,798.4 | 1,573.6 | 1,361.3 |
Payments for Business Acquisitions | — | — | — | -17.1 | — |
Other Investing Activities | -5.9 | 2.2 | -0.1 | 5.8 | 7.4 |
Cash from Investing Activities | -56.2 | -64.7 | -582.3 | -440.7 | -416 |
| Financing Activities | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 |
|---|---|---|---|---|---|
Issuance of Common Shares | 46.5 | 78.5 | 76.1 | 689 | 668.8 |
Repurchases of Common Shares | -107 | -144.2 | -136.5 | -294.6 | -268.2 |
Net Issuance / (Repurchases) of Common Shares | -60.4 | -65.6 | -60.4 | 394.4 | 400.6 |
Other Financing Activities | -0.3 | -2.4 | -6 | -14.9 | -9 |
Cash from Financing Activities | -62.2 | -69.7 | -68.1 | 379.5 | 382.9 |
| Free Cash Flow | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 |
|---|---|---|---|---|---|
Free Cash Flow | 509.7 | 396.8 | 313.2 | 215.8 | 104.6 |
NOPAT | 267.1 | 133.3 | 33.5 | -559.5 | -611.6 |
Levered Free Cash Flow | 399.4 | 269.6 | 159.2 | -438.1 | -496.9 |
Unlevered Free Cash Flow | 317.4 | 186.6 | 75.7 | -513.3 | -571.8 |
Net Change in Cash | 395.7 | 266.1 | -332.8 | 160.9 | 81.6 |