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Reddit vs RingCentral: RDDT and RNG compared
Reddit is the larger company: $895M of revenue in its latest quarter (Q3 2026) against $676M for RingCentral (Q3 2026). Reddit is growing faster (+53% against +6% a year earlier). Reddit is more profitable, with an operating margin of 29.2% against 8.0%.
Where the money goes: RDDT and RNG
Reddit (RDDT) · Q3 2026
Reddit, Q3 2026: revenue $895M (+53% year over year), operating margin 29.2%, net earnings $283M, operating cash flow $364M. The chart follows the revenue to costs, profit and cash.
RingCentral (RNG) · Q3 2026
RingCentral, Q3 2026: revenue $676M (+6% year over year), operating margin 8.0%, net earnings $570M, operating cash flow $180M. The chart follows the revenue to costs, profit and cash.
| Reddit (RDDT) | RingCentral (RNG) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $895M | $676M |
| Revenue growth, Y/Y | +53% | +6% |
| Gross margin | — | 73.1% |
| Operating margin | 29.2% | 8.0% |
| Net earnings | $283M | $570M |
| Net margin | 31.7% | 84.3% |
| Operating cash flow | $364M | $180M |
| Free cash flow | $363M | $157M |
| Market value | $19.2B | $6.3B |
| P/E | 19.4× | 9.5× |
| Analysts’ mean target | $151.05 | $97.86 |
Where the revenue comes from
- Advertising revenue: $847M (95%)
- Other revenue: $48.0M (5%)
RingCentral
- Subscriptions: $653M (97%)
- Other: $23.1M (3%)
Questions
Which is bigger, Reddit or RingCentral?
Reddit is the larger company: $895M of revenue in its latest quarter (Q3 2026) against $676M for RingCentral (Q3 2026).
Is Reddit or RingCentral growing faster?
Reddit is growing faster (+53% against +6% a year earlier).
Which is more profitable, Reddit or RingCentral?
Reddit is more profitable, with an operating margin of 29.2% against 8.0%.
More: Reddit earnings · how Reddit makes money · RingCentral earnings · how RingCentral makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 30, 2026; 10-Q filed Oct 23, 2026). Fiscal quarters can end on different dates. Not investment advice.