Reddit, Inc. cash flow statement

In fiscal 2025, Reddit, Inc.'s operations generated $691m of cash; it spent $6.7m on capital projects, leaving free cash flow of $684m.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Reddit, Inc.: cash flow statement, annual
Fiscal year	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash from operations	−94	−75	222	691	1,205
Depreciation and amortisation	8	14	16	16	17
Stock-based pay	55	48	802	343	386
Capital spending	6	10	6	7	7
Free cash flow	−100	−85	216	684	1,198
Free cash flow after stock pay	−156	−132	−586	341	812

US$ millions unless shown otherwise. Fiscal quarters.

Reddit, Inc.: cash flow statement, quarterly
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
Cash from operations	90	128	111	185	267	312	262	364
Depreciation and amortisation	4	4	4	4	4	4	4	4
Stock-based pay	85	85	89	84	85	68	101	131
Capital spending	1	1	1	2	3	1	1	1
Free cash flow	89	127	111	183	264	311	261	363
Free cash flow after stock pay	4	41	22	100	178	243	160	231

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Reddit, Inc.'s SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Reddit, Inc.