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Toast vs Reddit: TOST and RDDT compared
Toast is the larger company: $2.0B of revenue in its latest quarter (Q3 2026) against $895M for Reddit (Q3 2026). Reddit is growing faster (+53% against +21% a year earlier). Reddit is more profitable, with an operating margin of 29.2% against 8.3%.
Where the money goes: TOST and RDDT
Toast (TOST) · Q3 2026
Toast, Q3 2026: revenue $2.0B (+21% year over year), operating margin 8.3%, net earnings $169M, operating cash flow $198M. The chart follows the revenue to costs, profit and cash.
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.
| Toast (TOST) | Reddit (RDDT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $2.0B | $895M |
| Revenue growth, Y/Y | +21% | +53% |
| Gross margin | 27.4% | — |
| Operating margin | 8.3% | 29.2% |
| Net earnings | $169M | $283M |
| Net margin | 8.5% | 31.7% |
| Operating cash flow | $198M | $364M |
| Free cash flow | $181M | $363M |
| Market value | $20.7B | $19.2B |
| P/E | 37.6× | 19.4× |
| Analysts’ mean target | $38.81 | $151.05 |
Where the revenue comes from
Toast
- Financial technology solutions: $1.6B (82%)
- Subscription services: $317M (16%)
- Hardware and professional services: $45.0M (2%)
- Advertising revenue: $847M (95%)
- Other revenue: $48.0M (5%)
Questions
Which is bigger, Toast or Reddit?
Toast is the larger company: $2.0B of revenue in its latest quarter (Q3 2026) against $895M for Reddit (Q3 2026).
Is Toast or Reddit growing faster?
Reddit is growing faster (+53% against +21% a year earlier).
Which is more profitable, Toast or Reddit?
Reddit is more profitable, with an operating margin of 29.2% against 8.3%.
More: Toast earnings · how Toast makes money · Reddit earnings · how Reddit makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Oct 30, 2026). Fiscal quarters can end on different dates. Not investment advice.