Reddit, Inc.

Company facts

Industry

Services-Computer Processing & Data Preparation

Headquarters

San Francisco, California

Most recent report

8-K, filed Aug 12, 2026

Incorporated

Delaware

Filings on record

478 filings

On EDGAR

CIK 1713445

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 3 of 13 sections worth reading, with 10 positive, 12 notable, and 5 negative flags.

• Financial Statements (Item 1)

  Core financial statements with Q2 2026 results, buyback, AWS $880M commitment.
  Notable

  • Deferred revenue $38.6M at Jun 2026, up from $18.1M at Dec 2025.
  • Committed $880M to AWS cloud services from July 2026 to June 2029.
  • Securities class action filed Jun 2025 over Google AI Overviews impact; derivative suits also.
  • Valuation allowance on US deferred tax assets may be released within 12 months.
  • Advance holds ~22% of Reddit shares with >10% voting power; subleases from them.
  Negative

  • UK ICO fined Reddit GBP £14.5 million under UK GDPR; company is appealing.

• Management's Discussion (Item 2)

  Strong Q2: revenue up 61%, net income tripled; key details on buyback, AWS deal, and metric change.
  Positive

  • DAUq hit 130.3M, up 18% YoY, driven by 28% growth outside the US. Q2 2026.
  • ARPU rose to $6.18, up 36% YoY, led by a 40% increase in ad pricing. Q2 2026.
  • Revenue $804.9M, up 61% YoY, with advertising revenue up 64%. Q2 2026.
  • Gross margin expanded to 91.3% from 90.8%, showing strong cost control. Q2 2026.
  • Net income $252.8M, nearly triple the $89.3M from a year ago. Q2 2026.
  • Adjusted EBITDA $342.8M, more than double the $166.7M in Q2 2025. Q2 2026.
  • Operating cash flow $261.9M, up from $111.3M; strong cash generation. Q2 2026.
  • Free cash flow $260.7M, up from $110.8M, with minimal capex. Q2 2026.
  • Cash, equivalents, and marketable securities totaled $2.8 billion. Q2 2026.
  • Share buyback accelerated: $239.6M repurchased in H1 vs $5.0M in Q1 2026. Q2 2026.
  Notable

  • Operating expenses $502.9M, up 30% YoY, driven by sales & marketing and R&D. Q2 2026.
  • US DAUq flat quarter-over-quarter; all QoQ growth came from rest of world (+5%). Q2 2026.
  • DAUq/WAUq ratio slipped to 25% from 26% in Q1; daily engagement relative to weekly dipped. Q2 2026.
  • Tax valuation allowance on US deferred tax assets may be released within 12 months. Q2 2026.
  • Signing an $880.0M AWS cloud agreement through 2029; a major infrastructure commitment. Q2 2026.

• Risk Factors (Item 1A)

  Dozens of company-specific risks with quantified data on revenue concentration, losses, regulatory actions, and governance.
  Notable

  • Board authorized a $1.0 billion share repurchase program in February 2026.
  • CEO Steven Huffman controls ~74% of voting power through a voting agreement with principal stockholder Advance (as of June 30, 2026).
  Negative

  • Net loss of $484.3M in FY2024; accumulated deficit of $214.3M as of June 30, 2026.
  • Advertising made up 94% of revenue in FY2025, up from 91% in FY2024, with top 10 advertisers at 21% of revenue.
  • Reddit surpassed the EU threshold for Very Large Online Platform designation in Feb 2026, triggering additional compliance rules.
  • UK ICO issued a penalty notice for alleged UK GDPR violations, which Reddit is appealing.

What changed: Jun 2026 vs. Mar 2026

About 1% of RDDT's Jun 2026 10-Q is new information. 9 paragraphs were added, 160 changed, and 31 removed. Below are the most important lines SECSift identified.

• Item 1A 57
• Item 2 41
• Item 1 26
• Item 5 3
• Item 3 2
• Item 4 1
• Item 6 1