RDDTReddit, Inc.
Services-Computer Processing & Data Preparation
- Revenue
- $2.2B
- 69% YoY
- Operating margin
- 20.1%
- 147% YoY
- EBITDA
- $458M
- 184% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear130% of net incomeCash flow under 80% of net income
- Dilutive SBCFired16% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear1% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|
| Revenue | $667M | $804M | $1.3B | $2.2B | 69% |
| Operating income | −$172M | −$140M | −$561M | $442M | 179% |
| Net income | −$159M | −$91M | −$484M | $530M | 210% |
| Operating cash flow | −$94M | −$75M | $222M | $691M | 211% |
| Capex | $6M | $10M | $6M | $7M | 7.3% |
| Stock-based comp | $55M | $48M | $802M | $343M | 57% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $31M · 57
- Net
- −$31M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $3M | $307M | 456 | 131 |
| FY2024 | $3M | $862M | 324 | 118 |