Filing Flows › Reddit (RDDT) › Q4 2025
Reddit (RDDT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 6, 2026
Reddit (RDDT) reported revenue of $726M for the fourth quarter 2025 (Q4 2025), +70% from a year earlier and +24% from the quarter before. Operating margin was 31.9%, net earnings $252M (34.7% of revenue).
Reddit, Q4 2025: revenue $726M (+70% year over year), operating margin 31.9%, net earnings $252M, operating cash flow $267M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $726M | +24% | +70% |
| Operating profit | $232M | +67% | +338% |
| Net earnings | $252M | +55% | +254% |
| Operating cash flow | $267M | +44% | +196% |
| Free cash flow | $264M | — | +196% |
What changed
Revenue was $725.6M in Q4 2025, up 70% year over year and up 24% from the previous quarter. Advertising revenue was the largest line at 95% of revenue.
Operating profit was $231.8M, a 31.9% margin (up 19.6 points year over year). Of the extra revenue versus a year earlier, 60% reached operating profit, above the 12% margin then. Total costs grew 32% against revenue growth of 70%. The fastest-growing cost line was Sales & marketing (+104%). Net earnings were $251.6M, up 254% year over year. The effective tax rate was 1.3%.
Operating cash flow was $266.8M (up 196% year over year), 106% of net earnings. Non-cash charges added back $4.2M of depreciation and amortization and $85.2M of share-based compensation. Working capital and other items used $74.1M. After purchases of property and equipment ($3.2M), free cash flow as the company reports it was $263.6M.
Questions
What was Reddit's revenue in the fourth quarter 2025?
Reddit (RDDT) reported revenue of $726M for the fourth quarter 2025 (Q4 2025), +70% from a year earlier and +24% from the quarter before.
Was Reddit profitable in the fourth quarter 2025?
Operating profit was $232M (31.9% of revenue) and net earnings $252M.
Source: Reddit 10-K on SEC EDGAR.