# Reddit (RDDT.US)

Canonical: https://gigainvestors.com/s/RDDT

Analysis as of: 2026-10-16T07:31:29.035Z. 

Listing currency: USD. Reporting currency: USD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $159.36 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

- [Chase Coleman](https://gigainvestors.com/TGM): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Andreas Halvorsen](https://gigainvestors.com/vg): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Down 31% since Sep 2025 · "Reddit Stock Collapses 23% as AI Eats Away at User Growth" (finance.yahoo.com, Jul 2026)

Story as of 2026-10-16T09:59:28.864Z; price observation 2026-10-15.

- 2025-06-17: Reddit Stock Jumps 7% After Unveiling Game-Changing AI Ad Tools ([finance.yahoo.com](https://finance.yahoo.com/news/reddit-stock-jumps-7-unveiling-180111011.html))

- 2025-08-13: RDDT Q2 Deep Dive: Advertising and AI Initiatives Drive User and Revenue Growth ([finance.yahoo.com](https://finance.yahoo.com/news/rddt-q2-deep-dive-advertising-040330303.html))

- 2026-01-27: Reddit stock tumbles 9% as analyst warns of slowing growth in 2026 ([finance.yahoo.com](https://finance.yahoo.com/news/reddit-stock-tumbles-9-analyst-141122057.html))

- 2026-04-30: Reddit stock climbs as revenue, adjusted EBITDA surge offsets earnings miss ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/reddit-stock-climbs-revenue-adjusted-204931908.html))

- 2026-05-05: Reddit Stock Is an Earnings Season Winner. Investors Thank Advertising Revenue for That. ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/reddit-stock-earnings-season-winner-113002080.html))

- 2026-07-31: Reddit Shares Plunge by Record on Dearth of New AI Deals ([finance.yahoo.com](https://finance.yahoo.com/technology/ai/articles/reddit-shares-plunge-record-dearth-143013072.html))

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in internet content & information; annual sales are USD 2.2 billion.

- Source: https://eodhd.com/api/fundamentals/RDDT.US.json#2025-12-31 (filed 2026-02-06); FY2025: revenue 2202506000; grossProfit 2008290000; margin = grossProfit / revenue.

### Why customers stay

Margins ranged from 86.2% to 91.2% during 2023–25.

- Source: https://eodhd.com/api/fundamentals/RDDT.US.json#2023-12-31 (filed 2026-02-06); FY2023: grossProfit / revenue = 86.2%.

- Source: https://eodhd.com/api/fundamentals/RDDT.US.json#2024-12-31 (filed 2026-02-06); FY2024: grossProfit / revenue = 90.5%.

- Source: https://eodhd.com/api/fundamentals/RDDT.US.json#2025-12-31 (filed 2026-02-06); FY2025: grossProfit / revenue = 91.2%.

### Where the cash goes

Paid no dividends in 6 years.

- Source: https://eodhd.com/api/fundamentals/RDDT.US.json#2025-12-31 (filed 2026-02-06); FY2025: growth capex 0; upkeep 6706000; cash acquisitions 0; owner earnings 538963000. Growth capex plus acquisitions / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-06); Dividend observations: [[2020,0],[2021,0],[2022,0],[2023,0],[2024,0],[2025,0]]. Zero only counted when supported by a complete cash-flow statement.

### Are managers owners

Insiders own 0.7% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); RDDT.US SharesStats.PercentInsiders = 0.657 percentage points; cache date 2026-10-16.

### What could break it

"We generate a majority of our revenue from advertising." (SEC filing, Feb 2026)

- Source: https://www.sec.gov/Archives/edgar/data/1713445/000171344526000022/rddt-20251231.htm (filed 2026-02-06); We generate a majority of our revenue from advertising.

### What the price says

The price is 14.6 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-06); Closing price 159.36 USD; reporting-to-trading FX 1; FY2025 annual sales per share 10.897669759478767; price multiple 14.623309709067764. FY2025 cash earnings/share 2.666708189025571. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2024-03: $49.32 per share

- 2024-04: $44.44 per share

- 2024-05: $54.24 per share

- 2024-06: $63.89 per share

- 2024-07: $60.85 per share

- 2024-08: $60.03 per share

- 2024-09: $65.92 per share

- 2024-10: $119.30 per share

- 2024-11: $140.69 per share

- 2024-12: $163.44 per share

- 2025-01: $199.55 per share

- 2025-02: $161.78 per share

- 2025-03: $104.90 per share

- 2025-04: $116.57 per share

- 2025-05: $112.35 per share

- 2025-06: $150.57 per share

- 2025-07: $160.59 per share

- 2025-08: $225.08 per share

- 2025-09: $229.99 per share

- 2025-10: $208.95 per share

- 2025-11: $216.47 per share

- 2025-12: $229.87 per share

- 2026-01: $180.27 per share

- 2026-02: $145.81 per share

- 2026-03: $134.65 per share

- 2026-04: $147.23 per share

- 2026-05: $176.00 per share

- 2026-06: $173.58 per share

- 2026-07: $140.67 per share

- 2026-08: $147.81 per share

- 2026-09: $142.44 per share

- 2026-10: $159.36 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/1713445/000171344526000022/rddt-20251231.htm); period 2025-12-31, filed 2026-02-06.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.