Reddit, Inc. balance sheet
At the end of fiscal 2025, Reddit, Inc. had total assets of $3.24bn, total liabilities of $310m and shareholders' equity of $2.93bn. It held $954m in cash against $0 of debt: net cash of $954m.
Balance sheet
| Fiscal year | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|
| Cash and equivalents | 436 | 401 | 562 | 954 | 1,358 |
| Receivables | — | 245 | 350 | 590 | 730 |
| Total current assets | — | 1,480 | 2,223 | 3,136 | 3,857 |
| Goodwill | — | 26 | 42 | 42 | 42 |
| Total assets | — | 1,596 | 2,337 | 3,239 | 3,962 |
| Accounts payable | — | 47 | 45 | 63 | 110 |
| Deferred revenue (current) | — | 7 | 15 | 18 | 39 |
| Total current liabilities | — | 134 | 176 | 271 | 357 |
| Total debt | 0 | 0 | 0 | 0 | 0 |
| Total liabilities | — | 156 | 206 | 310 | 380 |
| Shareholders' equity | −379 | −413 | 2,131 | 2,929 | 3,582 |
| Non-controlling interests and other (assets − liabilities − equity) | — | 1,853 | — | — | — |
| Net debt (negative = net cash) | −436 | −401 | −562 | −954 | −1,358 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 350 | 326 | 407 | 488 | 590 | 523 | 650 | 730 |
| Total current assets | 2,223 | 2,329 | 2,530 | 2,770 | 3,136 | 3,386 | 3,542 | 3,857 |
| Goodwill | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 |
| Total assets | 2,337 | 2,437 | 2,632 | 2,876 | 3,239 | 3,484 | 3,637 | 3,962 |
| Accounts payable | 45 | 44 | 64 | 73 | 63 | 52 | 89 | 110 |
| Deferred revenue (current) | 15 | 21 | 19 | 20 | 18 | 28 | 39 | 39 |
| Total current liabilities | 176 | 187 | 211 | 228 | 271 | 266 | 338 | 357 |
| Total liabilities | 206 | 220 | 245 | 266 | 310 | 305 | 351 | 380 |
| Shareholders' equity | 2,131 | 2,217 | 2,387 | 2,611 | 2,929 | 3,180 | 3,286 | 3,582 |
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