RDDT
Reddit, Inc.Evidence as of 2026-09-05The desk's Snapshot
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Overview · Reddit, Inc.
Reddit, Inc. operates a website that organizes digital communities. It organizes communities based on specific interests that enable users to engage in conversations by sharing experiences, submitting links, uploading images and videos, and replying to one another. The company was founded in 2005 and is headquartered in San Francisco, California.
Management team
- Mr. Saad Rehmani · Executive Vice President of EngineeringFind on LinkedIn
- Ms. Nellie Peshkov · Chief People OfficerFind on LinkedIn
- Mr. Adam Collins · Chief Communications OfficerFind on LinkedIn
- Mr. Benjamin Lee · Chief Legal Officer & Corporate SecretaryFind on LinkedIn
Start free to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it, not a rating or a recommendation.
−0.4 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled. The rest of the page is the evidence behind it.
The evidence balance is Mixed ( -0.4 of a possible +2; was -0.4 before debate) · confidence high. Revenue by fiscal quarter rose from $ 499,627,000 in Q2 2025 (fiscal quarter ended 2025-06-30) to $ 584,911,000 in Q3 2025 (fiscal quarter ended 2025-09-30), to $ 663,411,000 in Q1 2026 (fiscal quarter ended 2026-03-31) and to $ 804,905,000 in Q2 2026 (fiscal quarter ended 2026-06-30). Operating income and calculated margins also increased across those quarters — operating income moved from $ 67,711,000 to $ 231,716,000 and margins from roughly 13.6% to 28.8% — while net income rose from $ 89,297,000 to $ 252,848,000 and diluted EPS from $ 0.45 to $ 1.25 over the same span.
The filings show both an accumulated deficit of $ (671.1) million as of December 31, 2025 and a newly authorized $ 1 billion share-repurchase program; cash and cash equivalents were $ 1,486,838,000 as of 2026-06-30 and repurchase outflows increased to $ 234,591,000 in Q2 2026. Market evidence points to high volatility (+97.7% 30‑day annualized), a beta of 2.07, meaningful drawdowns (three-year peak‑to‑trough -61.4%) and concentrated, but still large, institutional 13F holdings totaling $ 19.65B as of the period ended 2026-03-31.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else (no outside knowledge, no browsing), so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC (revenue, margins, income, debt and share count, quarter by quarter) and reports which way the trend is running.
Revenue by fiscal quarter rose from $499,627,000 in the quarter 2025-04-01 to 2025-06-30 (3mo) to $584,911,000 in the quarter 2025-07-01 to 2025-09-30 (3mo), to $663,411,000 in the quarter 2026-01-01 to 2026-03-31 (3mo), and to $804,905,000 in the quarter 2026-04-01 to 2026-06-30 (3mo).
XBRL companyfacts · 0001713445-25-000196Operating income by quarter increased from $67,711,000 (period 2025-04-01 to 2025-06-30, 3mo) to $138,542,000 (period 2025-07-01 to 2025-09-30, 3mo), to $182,912,000 (period 2026-01-01 to 2026-03-31, 3mo), and to $231,716,000 (period 2026-04-01 to 2026-06-30, 3mo); calculated operating margins were roughly 13.6% (67,711/499,627), 23.7% (138,542/584,911), 27.6% (182,912/663,411) and 28.8% (231,716/804,905) respectively.
XBRL companyfacts · 0001713445-26-000100Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full: its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet; its risk analysis fills in once that lands.
The Form 10-K filed 6 February 2026 reports an accumulated deficit of $(671.1) million as of December 31, 2025 and states the company incurred a net loss of $(484.3) million for the year ended December 31, 2024.
Item 1A risk-factor diff · 0001713445-26-000022 vs 0001713445-25-000018The Form 10-K filed 6 February 2026 adds more detailed disclosure about DAUq (daily active uniques), including a management definition of DAUq and specific new risk language linking financial performance to growing and retaining DAUq and to international DAUq growth driven by machine translation rollout.
Item 1A risk-factor diff · 0001713445-26-000022 vs 0001713445-25-000018Reads the signal panel above (momentum, volatility, drawdown, relative strength and beta) and ranks each against the whole research universe rather than judging it in isolation.
The 30-day annualized volatility is +97.7% and the 90-day annualized volatility is +82.8%, with 90-day volatility ranked in the 92th percentile of a 547-stock research universe.
Moneyta signal set · 2026-09-04Beta versus SPY is 2.07 while correlation with SPY is 0.37.
Moneyta signal set · 2026-09-04Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
Institutional 13F-reported holdings total "$19.65B" as of the period ended 2026-03-31.
13F holdings · 797 filers · as of 2026-03-31Top reported 13F holders in that period included ALLIANCEBERNSTEIN L.P. at "$1.12B", SUSQUEHANNA INTERNATIONAL GROUP, LLP at "$1.11B", BlackRock, Inc. at "$1.03B", BAILLIE GIFFORD & CO at "$984.2M", and VANGUARD PORTFOLIO MANAGEMENT LLC at "$906.6M".
13F holdings · 797 filers · as of 2026-03-31Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Two distinct outlets ran a market-wide roundup headlined 'Stocks making big moves this week: SAIC, Reddit, Fortrea, GitLab, and G-III', placing Reddit in a list of companies with notable stock movement.
News · finance.yahoo.com · 2026-09-04A syndicated version of that same market-wide roundup appeared at a different outlet with the same headline, indicating the story was carried by multiple distinct outlets.
News · stockstory.org · 2026-09-04Reads parsed Forms 3/4/5: who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
Steve Ladd Huffman (CEO & President) reported multiple sales on 31 August 2026: sold 10,200 shares for "$1.5M" under a stated 10b5-1 plan in the filing dated 2026-08-31.
Form 4 · Huffman Steve Ladd (CEO & President) · $455k code M · 2026-08-31Steve Ladd Huffman (CEO & President) reported additional sales on 31 August 2026 in the same filing: sold 7,000 shares for "$1.0M" and smaller lots of 700 shares ("$105k") and 100 shares ("$15k"), each identified as made pursuant to a stated 10b5-1 plan.
Form 4 · Huffman Steve Ladd (CEO & President) · $455k code M · 2026-08-31Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The model-derived implied free cash flow growth rate that today's price would justify (under the stated discount and terminal assumptions) is 23.98%.
Valuation inputs · SEC XBRL + stored EOD closeTrailing twelve-month free cash flow (FCF) is $865,832,000 (fcf_ttm).
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score. The argument is shown, not hidden, so you can judge the reasoning yourself.
The provided filings and fundamentals consistently show revenue, operating income, net income, and diluted EPS rising quarter-over-quarter across the most recent reported periods, with operating margins expanding from about 13.6% to ~28.8% and significant share repurchase activity appearing in the latest quarter alongside a Board-authorized $1B buyback program. Trailing twelve-month free cash flow and cash on hand are both large in absolute terms, and reported TTM operating income / EBITDA are substantial, which together strengthen the evidence that recent profitability and cash generation increased materially. Institutional 13F holdings remain large in absolute dollar terms and multiple outlets linked recent stock moves to licensing-related news that eased prior concerns, which supports a narrative that some market participants are re-evaluating risk factors tied to licensing. While market volatility and drawdowns are notable, the company-level financial metrics in the evidence (growth, margin expansion, repurchases, cash/FCF) are the primary items supporting a favorable read based on the supplied claims.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.35
42 surviving claims rest on 18 distinct sources; the heaviest analyst carries 21% of them, and 98% of what the desk raised survived the debate.
The surviving set rests on a moderate breadth of sources but a small number of contributors carry a meaningful share of the claims, so the read is informative but not broadly distributed across independent evidence. The fact that 98% of raised points survived internal debate raises confidence in consistency, yet source concentration and analyst weight mean this read should be treated as moderately sturdy rather than definitive.
Peer context · computed, not argued
12-1 momentum ranks 5th of 5 in Internet Content & Information (as of 2026-09-04).
6-month relative strength ranks 4th of 5 in Internet Content & Information (as of 2026-09-04).
90-day volatility ranks 1st of 5 in Internet Content & Information (as of 2026-09-04).
dividend yield ranks 4th of 5 in Internet Content & Information (as of 2026-09-04).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment. When the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here (no outside knowledge, no browsing), and each card shows who read it and what it contributed to the score.
10 filings· 3 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data, not retyped or estimated.
Read by Mercer+1.6 to the score
12 documents· 2 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes+0.0 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash−0.7 to the score
2 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.2 to the score
5 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
9 filings· 1 cited
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state, with stated and inferred flags kept apart.
Read by Talbot−1.3 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only; it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal; the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
The full terminal on RDDT Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
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Educational analysis of published data. Moneyta does not give investment advice or make recommendations.