The story
Founded by Aaron Swartz and Alexis Ohanian on Jun 2005.1
RDDT on NYSE
Reddit Inc.
Reddit Inc. is an American company that operates Reddit based in San Francisco, founded in 2005.1 It was founded by Aaron Swartz and Alexis Ohanian.1 Its chief executive is Steve Huffman.1 It is part of Condé Nast.1 Its shares trade on NYSE under the symbol RDDT.1
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Last updated Oct 21, 2026.
Overview
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- TickerRDDT on NYSE1
- IndustryServices-Computer Processing & Data Preparation1
- HeadquartersSan Francisco1
- Websitewww.redditinc.com
- Incorporated inDE4
- Business address303 2Nd Street, South Tower, 5Th Floor, San Francisco, Ca 941044
- Filer categoryLarge accelerated filer4
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Our mission is to empower communities and make their knowledge accessible to everyone.6 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
20.1%Operating margin3
24.1%Net margin3
69.4%Revenue growth, 20253
18.1%Return on equity3
$684.2MFree cash flow3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Advertising brought in 94% of the revenue Reddit Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Advertising | $788.8M | $1.2B | $2.1B |
| Other Revenue | $15.2M | $114.7M | $140.0M |
Regions
United States brought in 81% of the revenue Reddit Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| United States | $651.4M | $1.1B | $1.8B |
| Outside the United States | $152.7M | $236.6M | $417.0M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue9¢$194.2M
- Research and development36¢$783.1M
- Other costs32¢$694.4M
- Income tax0¢$1.0M
- Profit24¢$529.7M
Out of $2.2B in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Capital spending1¢$6.7M
- Kept or used elsewhere99¢$684.2M
Out of $690.9M of cash from operations.3
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | $2.2B | $1.3B | $804.0M |
| Cost of revenue | $194.2M | $123.6M | $111.0M |
| Research and development | $783.1M | $935.2M | $438.3M |
| Sales and marketing | $503.9M | $350.6M | $230.2M |
| General and administrative | $279.3M | $451.4M | $164.7M |
| Total costs and expenses | $1.8B | $1.9B | $944.2M |
| Income (loss) from operations | $442.0M | -$560.6M | -$140.2M |
| Other income (expense), net | $86.7M | $75.4M | $53.1M |
| Income (loss) before income taxes | $528.7M | -$485.2M | -$87.0M |
| Income tax expense (benefit) | -$1.0M | -$931.0K | $3.8M |
| Net income (loss) | $529.7M | -$484.3M | -$90.8M |
| Basic (in dollars per share) | $2.84 | -$3.33 | -$1.54 |
| Diluted (in dollars per share) | $2.62 | -$3.33 | -$1.54 |
| Basic (in shares) | 186.4M shares | 145.5M shares | 59.1M shares |
| Diluted (in shares) | 202.1M shares | 145.5M shares | 59.1M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2024-03-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $953.6M | $562.1M | $401.2M | ||
| Marketable securities | $1.5B | $1.3B | |||
| Accounts receivable, net | $590.2M | $349.5M | |||
| Prepaid expenses and other current assets | $69.0M | $33.1M | |||
| Total current assets | $3.1B | $2.2B | |||
| Property and equipment, net | $12.7M | $12.7M | |||
| Operating lease right-of-use assets, net | $20.8M | $23.2M | |||
| Intangible assets, net | $15.5M | $25.4M | |||
| Goodwill | $42.2M | $42.2M | $26.3M | ||
| Other noncurrent assets | $12.0M | $9.7M | |||
| Total assets | $3.2B | $2.3B | |||
| Accounts payable | $62.9M | $45.4M | |||
| Operating lease liabilities | $7.0M | $6.1M | |||
| Accrued expenses and other current liabilities | $201.3M | $124.5M | |||
| Total current liabilities | $271.3M | $176.0M | |||
| Operating lease liabilities, noncurrent | $16.2M | $20.6M | |||
| Other noncurrent liabilities | $22.7M | $9.3M | |||
| Total liabilities | $310.1M | $205.8M | |||
| Preferred stock, par value $0.0001 per share; 100,000,000 authorized as of December 31, 2025 and 2024; no shares issued and outstanding as of December 31, 2025 and 2024 | $0 | $0 | |||
| Additional paid-in capital | $3.6B | $3.3B | |||
| Accumulated other comprehensive income (loss) | $4.4M | $24.0K | |||
| Accumulated deficit | -$671.1M | -$1.2B | |||
| Total stockholders equity (deficit) | $2.9B | $2.1B | -$412.9M | -$379.1M | |
| Total liabilities and stockholders equity (deficit) | $3.2B | $2.3B | |||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |||
| Preferred stock, shares authorized (in shares) | 100.0M shares | 100.0M shares | 100.0M shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2024-03-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $953.6M | $562.1M | $401.2M | ||
| Marketable securities | $1.5B | $1.3B | |||
| Accounts receivable, net | $590.2M | $349.5M | |||
| Prepaid expenses and other current assets | $69.0M | $33.1M | |||
| Total current assets | $3.1B | $2.2B | |||
| Property and equipment, net | $12.7M | $12.7M | |||
| Operating lease right-of-use assets, net | $20.8M | $23.2M | |||
| Intangible assets, net | $15.5M | $25.4M | |||
| Goodwill | $42.2M | $42.2M | $26.3M | ||
| Other noncurrent assets | $12.0M | $9.7M | |||
| Total assets | $3.2B | $2.3B | |||
| Accounts payable | $62.9M | $45.4M | |||
| Operating lease liabilities | $7.0M | $6.1M | |||
| Accrued expenses and other current liabilities | $201.3M | $124.5M | |||
| Total current liabilities | $271.3M | $176.0M | |||
| Operating lease liabilities, noncurrent | $16.2M | $20.6M | |||
| Other noncurrent liabilities | $22.7M | $9.3M | |||
| Total liabilities | $310.1M | $205.8M | |||
| Preferred stock, par value $0.0001 per share; 100,000,000 authorized as of December 31, 2025 and 2024; no shares issued and outstanding as of December 31, 2025 and 2024 | $0 | $0 | |||
| Additional paid-in capital | $3.6B | $3.3B | |||
| Accumulated other comprehensive income (loss) | $4.4M | $24.0K | |||
| Accumulated deficit | -$671.1M | -$1.2B | |||
| Total stockholders equity (deficit) | $2.9B | $2.1B | -$412.9M | -$379.1M | |
| Total liabilities and stockholders equity (deficit) | $3.2B | $2.3B | |||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |||
| Preferred stock, shares authorized (in shares) | 100.0M shares | 100.0M shares | 100.0M shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares |
Every line of the cash flow as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | $529.7M | -$484.3M | -$90.8M |
| Depreciation and amortization | $15.9M | $15.6M | $13.7M |
| Non-cash operating lease cost | $6.2M | $4.1M | $11.4M |
| Amortization of premium (accretion of discount) on marketable securities, net | -$28.2M | -$43.4M | -$27.4M |
| Stock-based compensation expense | $343.2M | $801.6M | $47.6M |
| Other adjustments | $848.0K | -$4.2M | $484.0K |
| Accounts receivable | -$241.4M | -$104.3M | -$53.3M |
| Prepaid expenses and other assets | -$37.1M | -$19.5M | $3.9M |
| Operating lease right-of-use assets and liabilities | -$7.2M | -$2.4M | -$5.8M |
| Accounts payable | $18.2M | -$570.0K | $12.5M |
| Accrued expenses and other liabilities | $90.7M | $59.3M | $12.7M |
| Net cash provided by (used in) operating activities | $690.9M | $222.1M | -$75.1M |
| Purchases of property and equipment | -$6.7M | -$6.2M | -$9.7M |
| Purchases of marketable securities | -$2.3B | -$2.0B | -$1.3B |
| Maturities of marketable securities | $2.1B | $1.6B | $1.3B |
| Proceeds from sale of marketable securities | $17.2M | $0 | $37.5M |
| Cash paid for acquisitions, net of cash acquired | $0 | -$17.1M | $0 |
| Other investing activities | $3.0M | $5.8M | $172.0K |
| Net cash provided by (used in) investing activities | -$218.9M | -$440.7M | $41.3M |
| Proceeds from issuance of Class A common stock in initial public offering, net of underwriting discounts and commissions | $0 | $600.0M | $0 |
| Proceeds from exercise of employee stock options | $25.1M | $89.0M | $8.4M |
| Taxes paid related to net share settlement of restricted stock units | -$104.0M | -$294.6M | -$4.3M |
| Payments of initial public offering costs | $0 | -$8.8M | -$1.4M |
| Other financing activities | -$1.6M | -$6.1M | -$3.5M |
| Net cash provided by (used in) financing activities | -$80.6M | $379.5M | -$811.0K |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | $391.4M | $160.9M | -$34.6M |
| Conversion of convertible preferred stock to common stock upon initial public offering | $0 | $1.9B | $0 |
| Reclassification of deferred offering costs to additional paid-in capital upon initial public offering | $0 | $23.8M | $0 |
No quarter-by-quarter statement was filed.
Corporate structure
Reddit Inc. sits at the top of its group. 21 entities, 15 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Reddit Inc.
- BAILLIE GIFFORD & CO Filed SCHEDULE 13G on Reddit Inc., latest May 7, 2026 (5 filings since Aug 8, 2025)
- Steve Huffman Filed SCHEDULE 13D/A on Reddit Inc., latest May 6, 2026 (5 filings since May 3, 2024)
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Reddit Inc., latest Apr 30, 2026
- FMR LLC Filed SCHEDULE 13G/A on Reddit Inc., latest Apr 7, 2026 (8 filings since Apr 10, 2024)
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Reddit Inc., latest Mar 27, 2026 (3 filings since Jan 31, 2025)
- Tencent Holdings Ltd Filed SCHEDULE 13G/A on Reddit Inc., latest Nov 12, 2025 (3 filings since Nov 12, 2024)
- BlackRock Filed SCHEDULE 13G on Reddit Inc., latest Oct 17, 2025
- COATUE MANAGEMENT LLC Filed SCHEDULE 13G/A on Reddit Inc., latest May 15, 2025 (2 filings since Feb 14, 2025)
- ADVANCE PUBLICATIONS, INC Filed SC 13G on Reddit Inc., latest Nov 14, 2024
- Reddit Inc. San Francisco
- Dubsmash Inc. Subsidiary · Delaware, United States
- Memorable AI LLC Subsidiary · Delaware, United States
- Reddit Australia Pty Ltd Subsidiary · Australia
- Reddit Canada Limited Subsidiary · Canada
- Reddit Community Network India Private Limited Subsidiary · India
- Reddit Community Network Mexico, S. DE R.L. DE C.V. Subsidiary · Mexico
- Reddit France SAS Subsidiary · France
- Reddit Germany GmbH Subsidiary · Germany
- Reddit Iberia S.L. Subsidiary · Spain
- Reddit Ireland Limited Subsidiary · Ireland
- Reddit İstanbul Online Platform Hizmetleri Limited Şirketi Subsidiary · Turkey
- Reddit Netherlands B.V. Subsidiary · Netherlands
- Reddit Portugal, Unipessoal LDA Subsidiary · Portugal
- Reddit Rede de Comunidades do Brasil Ltda. Subsidiary · Brazil
- Reddit SG Pte. Ltd. Subsidiary · Singapore
- Reddit Sub Holding Company, Inc. Subsidiary · Delaware, United States
- Reddit Technologies India Private Limited Subsidiary · India
- Reddit UK Limited Subsidiary · United Kingdom
- Spell, LLC Subsidiary · Delaware, United States
- Spiketrap Inc. Subsidiary · Delaware, United States
- Alien Blue Owned
- Reddit Public Access Network Owned
- RedditGifts Owned
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Reddit Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $29.0M3 Dec 31, 2025 | $23.8M3 Dec 31, 2024 | +21.5% |
| Accumulated depreciation | $16.3M3 Dec 31, 2025 | $11.2M3 Dec 31, 2024 | +45.3% |
| Property and equipment, net | $12.7M3 Dec 31, 2025 | $12.7M3 Dec 31, 2024 | +0.5% |
| Operating-lease assets (leased space) | $20.8M3 Dec 31, 2025 | $23.2M3 Dec 31, 2024 | −10.6% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $953.6M3 Dec 31, 2025 | $562.1M3 Dec 31, 2024 | +69.6% |
| Marketable securities, current | $1.5B3 Dec 31, 2025 | $1.3B3 Dec 31, 2024 | +19.1% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $42.2M3 Dec 31, 2025 | $42.2M3 Dec 31, 2024 | 0% |
| Intangible assets, net (excluding goodwill) | $15.5M3 Dec 31, 2025 | $25.4M3 Dec 31, 2024 | −39.0% |
| Finite-lived intangibles, gross | $48.1M3 Dec 31, 2025 | $48.1M3 Dec 31, 2024 | 0% |
| Accumulated amortization | $32.6M3 Dec 31, 2025 | $22.7M3 Dec 31, 2024 | +43.8% |
| Finite-lived intangibles, net | $15.5M3 Dec 31, 2025 | $25.4M3 Dec 31, 2024 | −39.0% |
Properties, in its own words
Our corporate headquarters is located in San Francisco, California, where we lease approximately 48,000 square feet of office space pursuant to a lease agreement that expires in 2029, subject to the terms thereof. We lease additional offices in the United States and around the world, including in New York, Chicago, Los Angeles, London, and more. All of our offices are located in areas of the globe where we can attract the best talent and our employees benefit from a space to be together when co-creating and working to achieve our mission.
We believe that our existing facilities are sufficient for our near-term needs. We believe that suitable additional alternative spaces will be available in the future on commercially reasonable terms, if required.
The rest of Item 2
Reddit’s workplace philosophy is focused on providing versatility for employees while fostering a diverse and high-performing company culture. Our ability to recruit and retain top talent is bolstered by Reddit’s flexible work policy, which provides support and opportunities for employees to work remotely or in one of our offices. This strategy, in conjunction with our competitive compensation programs reflective of the cost of talent in high labor markets like the San Francisco Bay Area, has created advantages that have contributed to the growth and strength of our company.
Item 2 of the 10-K filed Feb 6, 2026.6
Stakes and holdings (Wikidata)
- Alien Blue
- Reddit Public Access Network
- RedditGifts
Things Wikidata records the company as owning, with the share when stated.1
Leadership
Who has led Reddit Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
2010201520202025
- FounderAaron Swartz1
- FounderAlexis Ohanian1
- Chief executive officerSteve Huffman Mar 20, 2024 to now12
- PresidentSteve Huffman Mar 20, 2024 to now13
- Chief financial officerAndrew Vollero Mar 20, 2024 to now14
- Chief operating officerJennifer L. Wong Mar 20, 2024 to now15
Board members and other officers (10)
- Chief Technology OfficerChristopher Brian Slowe Mar 20, 2024 to now16
- Chief Accounting OfficerMichelle Marie Reynolds Mar 20, 2024 to now17
- Board memberDavid C. Habiger Mar 20, 2024 to now18
- Board memberMary Porter Gale Mar 20, 2024 to now19
- Board memberPatricia Filikrushel Mar 20, 2024 to now20
- Board memberSteve Huffman Mar 20, 2024 to now13
- Board memberSteven O. Newhouse Mar 20, 2024 to now21
- Board memberSarah E. Farrell May 9, 2024 to now22
- General counselPaul T. Cappuccio Sep 21, 2026 to now23
- General counselBenjamin Seong Lee Mar 20, 2024 to now24
Products and brands
Listed on Wikidata.1
Subsidiaries and ownership
Also owns
- Reddit Public Access Network
- RedditGifts since Aug 2011
- Alien Blue since Oct 15, 2014
Former owners and parents
- Condé Nast Oct 2006 to 2011
Subsidiaries (Exhibit 21)
- Dubsmash Inc. Delaware5
- Memorable AI LLC Delaware5
- Reddit Australia Pty Ltd Australia5
- Reddit Canada Limited Canada5
- Reddit Community Network India Private Limited India5
- Reddit Community Network Mexico, S. DE R.L. DE C.V. Mexico5
- Reddit France SAS France5
- Reddit Germany GmbH Germany5
- Reddit Iberia S.L. Spain5
- Reddit Ireland Limited Ireland5
- Reddit Netherlands B.V. Netherlands5
- Reddit Portugal, Unipessoal LDA Portugal5
- Reddit Rede de Comunidades do Brasil Ltda. Brazil5
- Reddit SG Pte. Ltd. Singapore5
- Reddit Sub Holding Company, Inc. Delaware5
- Reddit Technologies India Private Limited India5
- Reddit UK Limited United Kingdom5
- Reddit İstanbul Online Platform Hizmetleri Limited Şirketi Turkey5
- Spell, LLC Delaware5
- Spiketrap Inc. Delaware5
From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Acquisitions
Former names
- Reddit, Inc.Jul 31, 2017 to Oct 7, 20264
Timeline
- Aug 12, 20268-K Executive or director change25
- Jul 30, 20268-K Results of operations26
- Jun 10, 20268-K Shareholder vote27
- Apr 30, 20268-K Results of operations28
- Feb 5, 20268-K Results of operations; Other events29
- Oct 30, 20258-K Results of operations30
- Jul 31, 20258-K Results of operations31
- Jul 2, 20258-K Entered a material agreement; New debt or obligation32
- Jun 10, 20258-K Shareholder vote33
- May 1, 20258-K Results of operations34
- Feb 12, 20258-K Results of operations35
- Oct 29, 20248-K Results of operations36
- Mar 21, 2024Went public Listed on NYSE1
- Mar 20, 2024New chief executive Steve Huffman becomes CEO1
- Oct 15, 2014Acquisition Acquired Alien Blue1
- Aug 2011Acquisition Acquired RedditGifts1
- Oct 2006Acquired Acquired by Condé Nast1
- Jun 2005Founded Founded1
Calendar
Coming up
- Oct 29, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.80 a share, on Oct 30, 2025.37
When it reported results
- Jul 30, 2026Reported quarterly or annual results26
- Apr 30, 2026Reported quarterly or annual results28
- Feb 5, 2026Reported quarterly or annual results29
- Oct 30, 2025Reported quarterly or annual results30
- Jul 31, 2025Reported quarterly or annual results31
- May 1, 2025Reported quarterly or annual results34
- Feb 12, 2025Reported quarterly or annual results35
- Oct 29, 2024Reported quarterly or annual results36
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
489 filings to the SEC since October 2021: 2 annual reports, 8 quarterly reports, 16 major events, 302 insider forms, 29 large holders, 132 other. The latest 20:
- Oct 15, 20264 EDGAR
- Oct 7, 20264 EDGAR
- Oct 7, 20264 EDGAR
- Oct 7, 20264 EDGAR
- Oct 7, 20264 EDGAR
- Oct 7, 20264 EDGAR
- Oct 7, 20264 EDGAR
- Oct 1, 20264 EDGAR
- Sep 21, 20263 EDGAR
- Sep 17, 20264 EDGAR
- Sep 16, 20264 EDGAR
- Sep 15, 2026144 EDGAR
- Sep 2, 20264 EDGAR
- Aug 31, 2026144 EDGAR
- Aug 27, 20264 EDGAR
- Aug 25, 2026144 EDGAR
- Aug 24, 20264 EDGAR
- Aug 24, 20264 EDGAR
- Aug 24, 20264 EDGAR
- Aug 24, 20264 EDGAR
The 489 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
179 open-market trades by officers, directors and large owners since October 2021: 7 buys and 172 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 15, 2026 | Huffman Steve LaddCEO & President | Sale | 17,308 | $160.11 | $2.8M | Form 4 |
| Sep 14, 2026 | Wong Jennifer L.Chief Operating Officer | Sale | 60,000 | $162.33 | $9.7M | Form 4 |
| Aug 31, 2026 | Huffman Steve LaddCEO & President | Sale | 18,000 | $148.02 | $2.7M | Form 4 |
| Aug 25, 2026 | Sauerberg Robert A.Director | Sale | 5,128 | $159.92 | $820.1K | Form 4 |
| Aug 14, 2026 | Huffman Steve LaddCEO & President | Sale | 18,000 | $178.16 | $3.2M | Form 4 |
| Aug 14, 2026 | Wong Jennifer L.Chief Operating Officer | Sale | 75,000 | $178.55 | $13.4M | Form 4 |
| Aug 4, 2026 | Huffman Steve LaddCEO & President | Sale | 18,000 | $159.78 | $2.9M | Form 4 |
| Jul 15, 2026 | Huffman Steve LaddCEO & President | Sale | 18,000 | $197.86 | $3.6M | Form 4 |
| Jul 15, 2026 | Wong Jennifer L.Chief Operating Officer | Sale | 39,167 | $197.88 | $7.8M | Form 4 |
| Jul 1, 2026 | Reynolds Michelle MarieChief Accounting Officer | Sale | 808 | $200.00 | $161.6K | Form 4 |
| Jun 30, 2026 | Huffman Steve LaddCEO & President | Sale | 18,000 | $173.13 | $3.1M | Form 4 |
| Jun 16, 2026 | Wong Jennifer L.Chief Operating Officer | Sale | 39,166 | $176.94 | $6.9M | Form 4 |
| Jun 15, 2026 | Huffman Steve LaddCEO & President | Sale | 18,000 | $178.26 | $3.2M | Form 4 |
| May 29, 2026 | Huffman Steve LaddCEO & President | Sale | 18,000 | $174.13 | $3.1M | Form 4 |
| May 18, 2026 | Wong Jennifer L.Chief Operating Officer | Sale | 39,167 | $158.52 | $6.2M | Form 4 |
| May 15, 2026 | Huffman Steve LaddCEO & President | Sale | 18,000 | $157.15 | $2.8M | Form 4 |
| May 5, 2026 | Huffman Steve LaddCEO & President | Sale | 18,000 | $171.80 | $3.1M | Form 4 |
| Apr 16, 2026 | Wong Jennifer L.Chief Operating Officer | Sale | 39,167 | $161.47 | $6.3M | Form 4 |
| Apr 15, 2026 | Huffman Steve LaddCEO & President | Sale | 18,000 | $158.40 | $2.9M | Form 4 |
| Apr 8, 2026 | Slowe Christopher BrianChief Technology Officer | Sale | 15,500 | $150.67 | $2.3M | Form 4 |
All 179 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- BAILLIE GIFFORD & COSCHEDULE 13G, 5 filings Aug 8, 2025 to May 7, 202638
- Steve HuffmanSCHEDULE 13D/A, 5 filings May 3, 2024 to May 6, 202639
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 30, 202640
- FMR LLCSCHEDULE 13G/A, 8 filings Apr 10, 2024 to Apr 7, 202641
- VANGUARD GROUP INCSCHEDULE 13G/A, 3 filings Jan 31, 2025 to Mar 27, 202642
- Tencent Holdings LtdSCHEDULE 13G/A, 3 filings Nov 12, 2024 to Nov 12, 202543
- BlackRockSCHEDULE 13G, 1 filing Oct 17, 202544
- COATUE MANAGEMENT LLCSCHEDULE 13G/A, 2 filings Feb 14, 2025 to May 15, 202545
- ADVANCE PUBLICATIONS, INCSC 13G, 1 filing Nov 14, 202446
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Benjamin LeeChief Legal Officer and Corporate Secretary | 59 | $445.4K | $3.9M47 |
| 2025 | Christopher Slowe, Ph.D.Chief Technology Officer | 47 | $517.5K | $3.8M47 |
| 2025 | Steven L. HuffmanChief Executive Officer and President | 42 | $569.2K | $3.1M47 |
| 2025 | Jennifer WongChief Operating Officer | 51 | $672.8K | $1.7M47 |
| 2025 | Andrew VolleroChief Financial Officer | 60 | $670.4K | $1.3M47 |
| 2024 | Andrew VolleroChief Financial Officer | 60 | $643.2K | $19.2M47 |
| 2024 | Christopher Slowe, Ph.D.Chief Technology Officer | 47 | $490.6K | $4.1M47 |
| 2024 | Benjamin LeeChief Legal Officer and Corporate Secretary | 59 | $427.3K | $2.6M47 |
| 2024 | Steven L. HuffmanChief Executive Officer and President | 42 | $531.2K | $2.6M47 |
| 2024 | Jennifer WongChief Operating Officer | 51 | $640.6K | $1.8M47 |
| 2023 | Steven L. HuffmanChief Executive Officer and President | 42 | $341.3K | $193.2M47 |
| 2023 | Jennifer WongChief Operating Officer | 51 | $583.8K | $92.5M47 |
| 2023 | Andrew VolleroChief Financial Officer | 60 | $613.6K | $6.6M47 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 8,004,079 | $1.4B | 0.0% | +341,555 |
| Baillie Gifford & Co | 7,191,302 | $1.2B | 1.1% | −117,807 |
| Vanguard Portfolio Management LLC | 6,937,449 | $1.2B | 0.1% | +204,224 |
| Vanguard Capital Management LLC | 6,038,213 | $1.0B | 0.0% | +140,969 |
| Capital World Investors | 4,432,810 | $769.4M | 0.1% | +10,197 |
| Jericho Capital Asset Management L.P. | 3,335,221 | $578.9M | 4.8% | New |
| Goldman Sachs Group Inc | 3,240,014 | $562.4M | 0.1% | −43,092 |
| Alliancebernstein L.P. | 4,168,897 | $561.3M | 0.2% | −703,096 |
| State Street Corp | 2,979,587 | $517.2M | 0.0% | +237,523 |
| Fmr LLC | 2,830,225 | $491.3M | 0.0% | −86,235 |
| Coatue Management LLC | 2,789,891 | $484.3M | 1.0% | No change |
| Tiger Global Management LLC | 2,528,819 | $439.0M | 1.8% | +28,819 |
| Geode Capital Management, LLC | 2,491,075 | $431.7M | 0.0% | +31,676 |
| D1 Capital Partners L.P. | 2,464,411 | $427.8M | 1.2% | +5,260 |
| Quantinno Capital Management LP | 2,125,956 | $369.0M | 0.4% | +18,326 |
| Citigroup Inc | 2,068,997 | $359.1M | 0.2% | +832,641 |
| UBS Group AG | 1,731,100 | $300.5M | 0.0% | +272,277 |
| Edgewood Management LLC | 1,654,818 | $287.2M | 3.0% | New |
| Morgan Stanley | 1,582,408 | $274.7M | 0.0% | −471,475 |
| Viking Global Investors LP | 1,565,518 | $271.7M | 0.8% | −986,099 |
| Wellington Management Group Llp | 1,564,535 | $271.6M | 0.0% | +280,030 |
| Cresset Asset Management, LLC | 1,525,045 | $264.7M | 1.0% | +1,474 |
| Marshall Wace, Llp | 1,457,561 | $253.0M | 0.2% | −1,036,713 |
| Renaissance Technologies LLC | 1,450,078 | $251.7M | 0.3% | −115,700 |
| American Century Companies Inc | 1,267,201 | $220.0M | 0.1% | +823,336 |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
5 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Apr 8, 2025 | Robert P. Bresnahan, Jr.Republican, House | Sale | $1,001 - $15,000 | −20.2% | Report |
| Apr 8, 2025 | Robert P. Bresnahan, Jr.Republican, House | Sale | $1,001 - $15,000 | −20.2% | Report |
| Apr 4, 2025 | Robert P. Bresnahan, Jr.Republican, House | Sale | $1,001 - $15,000 | −26.9% | Report |
| Mar 11, 2025 | Robert P. Bresnahan, Jr.Republican, House | Sale | $1,001 - $15,000 | +11.6% | Report |
| Feb 14, 2025 | Robert P. Bresnahan, Jr.Republican, House | Buy | $1,001 - $15,000 | −47.1% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How Reddit Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARReddit, Inc.2
- CIK0001713445
- Employer ID (EIN)45-25465016
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company6
- Incorporated inDelaware6
- Fiscal year endsDecember 312
- Industry code (SIC)7374 Services-Computer Processing & Data Preparation2
- SEC reviewing officeOffice of Technology, Division of Corporation Finance2
- Business address303 2Nd Street, South Tower, 5Th Floor, San Francisco, CA 941042
- Phone(415) 494-80162
- Shares outstanding139,649,508 Common Class A shares; 51,386,276 Common Class B shares as of Feb 4, 20266
- Public float$21.2B as of Jun 30, 20256
- AuditorKPMG LLP, San Francisco, California PCAOB ID 185; it also attests to the company’s internal control over financial reporting6
- On EDGAR sinceJul 31, 20172
- Filings493 in all: 4 (286), 144 (79), 3 (16), 8-K (15), SCHEDULE 13G/A (12), UPLOAD (11), DRS/A (9), 10-Q (8)2
All 31 form types
DRSLTR (7), SCHEDULE 13G (7), CORRESP (5), D (4), S-8 (4), S-1/A (3), SC 13G (3), SCHEDULE 13D/A (3), 10-K (2), ARS (2), DEF 14A (2), DEFA14A (2), FWP (2), SC 13G/A (2), 424B4 (1), 8-A12B (1), 8-K/A (1), CERT (1), DRS (1), EFFECT (1), S-1 (1), SC 13D (1), SC 13D/A (1)
- Latest filingsAnnual report (10-K) Feb 6, 2026
Quarterly report (10-Q) Jul 31, 2026
Proxy statement (DEF 14A) Apr 23, 2026
Latest 8-K (8-K) Aug 12, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Class A common stock, par value $0.0001 per share | RDDT | New York Stock Exchange |
From the cover page of the 10-K filed Feb 6, 2026 (Section 12(b) of the Exchange Act).6
Risk factors and legal proceedings
The risks Reddit Inc. names in Item 1A of its 10-K filed Feb 6, 2026: 48 risks under these headings, as written.6
- Risks Related to Our Business
- We face intense competition, and if we fail to grow or retain our user base or maintain user engagement, our business, results of operations, financial condition, and prospects could be adversely affected.
- If Redditors do not continue to contribute content or their contributions are not valuable or appealing to other Redditors, we may experience a decline in the number of Redditors accessing our products and services and in user engagement, which could result in the loss of advertisers and may harm our reputation, business, results of operations, financial condition, and prospects.
- Our business depends on a strong brand and reputation, and if we are unable to maintain and enhance our brand and reputation, our ability to expand our user and advertiser bases will be impaired and our business, results of operations, financial condition, and prospects could be harmed.
- Changes in internet search engine algorithms and dynamics could have a negative impact on traffic for our website and, ultimately, our business, results of operations, financial condition, and prospects.
- We may not sustain our growth rate, and our results of operations may fluctuate from quarter to quarter, which makes them difficult to predict.
- We are in the early stages of monetizing our business and expanding our platform internationally, and there is no assurance that we will be able to scale our business for future growth.
- We generate a majority of our revenue from advertising. We face intense competition for advertising spend both inside and outside the United States, and we are subject to a rapidly evolving technology landscape. If we fail to attract or retain advertisers, or advertisers do not maintain or increase their advertising budgets, our business, results of operations, financial condition, and prospects could be adversely affected.
- If we do not develop successful new products and services or improve existing products and services, our business will suffer.
- Our business relies on an approach to content moderation that, while empowering community-led authenticity, can also result in content on the platform that can be unrelatable, offensive, and that may pose inherent risks.
- We rely on an approach to content moderation that depends on Redditors who volunteer to be moderators of their communities. If we fail to retain a sufficient number of moderators who are willing to work in good faith within our policies or if we fail to properly manage our relationship with moderators, or if a sizable number of moderators choose to take actions that disrupt our services, our business, results of operations, financial condition, and prospects could be adversely affected.
- Our ability to generate revenue depends on the development and availability of tools to accurately measure the effectiveness of advertisements on our platform.
The other 37 risks
- Reddit growth and engagement depends upon effective interoperation with external ecosystems, like operating systems, application stores, networks, devices, web browsers, regulations, and standards that we do not control. If we are unable to adapt to product and policy changes in such ecosystems, or if we do not effectively operate with or receive favorable placements within such ecosystems, our usage could decline and our business, results of operations, financial condition, and prospects could be adversely affected.
- We rely on internal company data, assumptions, and estimates to calculate certain of our key metrics, and real or perceived inaccuracies in such current or historical metrics may harm our reputation and negatively affect our business.
- Disruptions or other business interruptions that affect the availability of our platform could adversely impact our operations and overall business.
- If we fail to detect attempts to manipulate our platform, including fraudulent activity within our advertising systems, Redditors and our advertisers could lose confidence in us, thereby damaging our reputation and deterring usage of our products and services.
- We have explored, and will continue to explore, business opportunities in content licensing for purposes including machine learning, business analysis, display, and training generative AI models. We are in the early stages of our content licensing efforts, and the market for content is new and evolving rapidly. There is no assurance that we will be able to sustain revenues from these efforts.
- We are subject to certain risks as a mission-based company.
- Risks Related to Human Capital and Culture
- We cannot assure you that we will effectively manage our growth or maintain our corporate culture as we grow.
- Our business depends on attracting and retaining high-quality personnel in sales, services, engineering, marketing, finance, and support functions.
- We depend on our senior management team and other key employees, and the loss of one or more of these employees could adversely affect our business.
- Risks Related to Cybersecurity, Information Systems, and Intellectual Property
- Our business, results of operations, financial condition, and prospects may be harmed by our failure to timely and effectively scale and adapt our existing technology and infrastructure.
- If our security measures are breached, or if our products and services are subject to attacks involving our systems or data, some of which contain personal information, or that degrade or deny the ability of users to access our products and services, our products and services may be perceived as not being secure, Redditors and advertisers may curtail or stop using our products and services, and our reputation, business, results of operations, financial condition, and prospects could be harmed.
- We anticipate that our ongoing efforts related to data privacy, safety, security, and content review will identify instances of misuse of user data or other undesirable activity by third parties on and off our platform.
- Our business depends on continued and unimpeded access to our products and services on the internet by Redditors and our advertisers. If we or Redditors experience disruptions in internet service or if internet service providers are able to block, degrade, or charge for access to our products and services, we could incur additional expenses and the loss of users and advertisers, which could undermine our operations.
- Our products and services may contain undetected software errors, bugs, or other vulnerabilities, which could harm our business, results of operations, financial condition, and prospects.
- Many of our products and services contain third-party open source software components, and failure to comply with the terms of the underlying open source software licenses could adversely affect our business, results of operations, financial condition, and prospects.
- We may be unable to obtain, maintain, protect, defend, or enforce our intellectual property adequately, which could harm our business, results of operations, financial condition, and prospects.
- We have and may in the future be subject to claims that we violated certain third-party intellectual property rights, which, even where meritless, can be costly to defend and could adversely affect our business, results of operations, financial condition, and prospects.
- Risks Related to Governmental Regulation and Litigation
- Although we value privacy at Reddit, we face increasing scrutiny and regulatory complexity with regard to data privacy and data protection. If we fail, or are perceived as failing, to protect the data privacy of those who use or work at Reddit, our business and reputation will suffer and our business, results of operations, financial condition, and prospects could be adversely affected.
- Pending and future litigation could lead us to incur significant costs and adversely affect our business, results of operations, financial condition, and prospects.
- We are subject to governmental export controls and economic sanctions laws that could impair our ability to compete in global markets or subject us to liability if we are not in full compliance with applicable laws.
- Risks Related to Financial and Accounting Matters
- Changes in tax laws or tax rulings could adversely affect our effective tax rates, results of operations, and financial condition.
- We may have exposure to greater than anticipated tax liabilities.
- Our ability to use net operating loss carryforwards and other tax attributes may be limited due to certain provisions of the Internal Revenue Code or state tax law.
- If we fail to maintain an effective system of disclosure controls and internal control over financial reporting, our ability to produce timely and accurate financial statements or comply with applicable regulations could be impaired.
- Our revolving credit facility contains restrictive and financial covenants that may limit our operational flexibility. If we fail to meet our obligations under the credit facility, our operations may be interrupted and our business, results of operations, financial condition, and prospects could be adversely affected.
- We might require additional capital to support business growth, and this capital might not be available on terms favorable to us, or at all.
- Future acquisitions and investments could disrupt our business and harm our business, results of operations, financial condition, and prospects.
- Risks Related to Ownership of Our Class A Common Stock
- The market price of our Class A common stock may be volatile, regardless of our underlying business, our results of operations, macroeconomic conditions, or industry fundamentals, and we may not be able to meet investor or analyst expectations.
- We cannot guarantee that our share repurchase program will be fully implemented or that such program will enhance the long-term value of the share price of our Class A common stock.
- The multi-class structure of our common stock has the effect of concentrating voting control with those stockholders who held our capital stock prior to the listing of our Class A common stock on the NYSE. This ownership will limit or preclude your ability to influence corporate matters, including the election of directors, amendments of our organizational documents, and any major corporate transaction requiring stockholder approval, including change of control transactions.
- Our amended and restated certificate of incorporation and the governance agreement that we entered into with our principal stockholder grant our principal stockholder certain rights with respect to the control and management of our business, which may prevent us from taking actions that may be beneficial to us and our other stockholders.
- Future sales and issuances of our Class A common stock or rights to purchase our Class A common stock, including pursuant to our equity incentive plans, or other equity securities or securities convertible into our Class A common stock, could result in additional dilution of the percentage ownership of our stockholders and could cause the market price of our Class A common stock to decline.
- If industry or financial analysts do not publish research or reports about our business, or if they issue inaccurate or unfavorable research regarding our Class A common stock, the trading volume and market price of our Class A common stock could decline.
- We do not intend to pay dividends in the foreseeable future. As a result, your ability to achieve a return on your investment will depend on appreciation in the market price of our Class A common stock.
- Anti-takeover provisions contained in our amended and restated certificate of incorporation and amended and restated bylaws, as well as provisions of Delaware law, could impair a takeover attempt.
- Claims for indemnification by our directors and officers may reduce our available funds to satisfy successful third-party claims against us and may reduce the amount of money available to us.
- Our amended and restated certificate of incorporation provides for an exclusive forum in the Court of Chancery of the State of Delaware for certain disputes between us and our stockholders, and that the federal district courts of the United States is the exclusive forum for the resolution of any complaint asserting a cause of action under the Securities Act.
Legal proceedings
For information on certain litigation in which we are involved in, see Note 11—Commitments and Contingencies—Legal Matters of the notes to our consolidated financial statements included elsewhere in this Annual Report on Form 10-K.
We are currently involved in, and may in the future be involved in, legal proceedings, claims, and government investigations in the ordinary course of business, including claims for infringing, misappropriating, or otherwise violating intellectual property rights related to our products, including our API, and/or the content contributed by our Redditors. Although the results of these proceedings, claims, and investigations cannot be predicted with certainty, we do not believe that the final outcome of these matters is reasonably likely to have a material adverse effect on our business, financial condition, or
results of operations. Regardless of final outcomes, however, any such proceedings, claims, and investigations may nonetheless impose a significant burden on management and employees and may come with costly defense costs or unfavorable preliminary and interim rulings.
The opening of Item 3, Legal Proceedings.6
Links
- Websitewww.redditinc.com1
- LinkedInwww.linkedin.com/company/reddit-com1
- WikidataQ111759432
- SEC EDGARCIK 1713445
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataReddit Inc. on Wikidata
- 2SEC EDGARReddit Inc. filings on SEC EDGAR
- 3SEC EDGARReddit Inc. 10-K for fiscal 2025
- 4SEC EDGARReddit Inc. filings on SEC EDGAR
- 5
- 6
- 7SEC EDGARReddit Inc. 10-K for fiscal 2022
- 8SEC EDGARReddit Inc. 10-Q for fiscal 2025
- 9SEC EDGARReddit Inc. 10-Q for fiscal 2025
- 10SEC EDGARReddit Inc. 10-Q for fiscal 2026
- 11SEC EDGARReddit Inc. 10-Q for fiscal 2025
- 12Wikidata and SEC EDGARSteve Huffman, Chief executive officer
- 13SEC EDGARSteve Huffman, President
- 14
- 15
- 16
- 17
- 18SEC EDGARDavid C. Habiger, Board member
- 19SEC EDGARMary Porter Gale, Board member
- 20SEC EDGARPatricia Filikrushel, Board member
- 21SEC EDGARSteven O. Newhouse, Board member
- 22SEC EDGARSarah E. Farrell, Board member
- 23SEC EDGARPaul T. Cappuccio, General counsel
- 24SEC EDGARBenjamin Seong Lee, General counsel
- 25SEC EDGARExecutive or director change
- 26SEC EDGARResults of operations
- 27SEC EDGARShareholder vote
- 28SEC EDGARResults of operations
- 29SEC EDGARResults of operations; Other events
- 30SEC EDGARResults of operations
- 31SEC EDGARResults of operations
- 32
- 33SEC EDGARShareholder vote
- 34SEC EDGARResults of operations
- 35SEC EDGARResults of operations
- 36SEC EDGARResults of operations
- 37NasdaqNasdaq calendar
- 38
- 39
- 40
- 41
- 42
- 43
- 44
- 45
- 46
- 47