Reddit, Inc.
NYSE-RDDT
Jun '23
Dec '23
Jun '24
Dec '24
Jun '25
| Operating Activities | Jun '25 | Dec '24 | Jun '24 | Dec '23 | Jun '23 |
|---|---|---|---|---|---|
Net Income | 115.5 | 100.9 | -585.2 | 11.2 | -102 |
Depreciation & Amortization | 7.9 | 8.1 | 7.5 | 7 | 6.7 |
Stock Based Compensation | 174.5 | 159.9 | 641.8 | 25 | 22.6 |
Other Adjustments | -12.6 | -27.2 | -16.3 | -11.2 | -4.4 |
Changes in Trade Receivables | -57.8 | -109.5 | 5.2 | -78.2 | 24.9 |
Changes in Accounts Payable | 18.9 | -16.6 | 16 | 12.1 | 0.4 |
Changes in Accrued Expenses | 22.2 | 46.4 | 12.9 | 8.6 | 4.1 |
Changes in Other Operating Activities | -29.7 | -0.4 | -21.5 | 0.4 | -2.3 |
Cash from Operating Activities | 238.9 | 161.6 | 60.4 | -25.1 | -50 |
| Investing Activities | Jun '25 | Dec '24 | Jun '24 | Dec '23 | Jun '23 |
|---|---|---|---|---|---|
Capital Expenditure | -1.5 | -2.2 | -4.1 | -8.5 | -1.2 |
Purchases of Investments | -1,061.3 | -999.2 | -997.5 | -645.6 | -614.2 |
Proceeds from Sale of Investments | 1,030 | 977.5 | 596.1 | 638.3 | 672.4 |
Payments for Business Acquisitions | — | -17.1 | — | — | — |
Other Investing Activities | 3.2 | 5.8 | -0 | 0.1 | 0.1 |
Cash from Investing Activities | -29.6 | -35.2 | -405.5 | -15.8 | 57.1 |
| Financing Activities | Jun '25 | Dec '24 | Jun '24 | Dec '23 | Jun '23 |
|---|---|---|---|---|---|
Issuance of Common Shares | 14.5 | 64 | 625 | 6.6 | 1.8 |
Repurchases of Common Shares | -51.9 | -92.3 | -202.3 | -0.1 | -4.2 |
Net Issuance / (Repurchases) of Common Shares | -37.4 | -28.2 | 422.6 | 6.5 | -2.4 |
Other Financing Activities | — | -4.1 | -10.8 | -4.1 | -0.9 |
Cash from Financing Activities | -37.4 | -32.3 | 411.9 | 2.5 | -3.3 |
| Free Cash Flow | Jun '25 | Dec '24 | Jun '24 | Dec '23 | Jun '23 |
|---|---|---|---|---|---|
Free Cash Flow | 237.4 | 159.4 | 56.4 | -33.7 | -51.2 |
NOPAT | 73 | 60.4 | -620.5 | -14.7 | -126.6 |
Levered Free Cash Flow | 133.3 | 136.2 | -574.3 | 30.7 | -94.2 |
Unlevered Free Cash Flow | 90.9 | 95.7 | -609.6 | 4.8 | -118.8 |
Net Change in Cash | 171.9 | 94.1 | 66.8 | -38.5 | 3.9 |