RDDT
Reddit, Inc.Evidence as of 2026-08-29Overview · 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
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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.
−0.2 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 (‑0.2 of a possible +2; confidence high). Revenue from contracts roughly doubled from USD 392,361,000 in the fiscal quarter ended 2025-03-31 (Q1 2025) to USD 804,905,000 in the fiscal quarter ended 2026-06-30 (Q2 2026). Net income rose from USD 26,157,000 in Q1 2025 to USD 252,848,000 in Q2 2026, and diluted EPS increased from USD 0.13 to USD 1.25 over the same span, while weighted‑average diluted shares outstanding remained broadly stable around ~ 200 million shares.
Operating income expanded from USD 3,903,000 in Q1 2025 to USD 231,716,000 in Q2 2026, cash and cash equivalents climbed from USD 562,092,000 as of 2024-12-31 (FY 2025) to USD 1,486,838,000 as of 2026-06-30, and repurchase payments rose materially to USD 234,591,000 in Q2 2026 after near‑zero repurchases in prior quarters. Market metrics show high volatility (30‑day annualized +96.1%) with a beta of 2.08 versus SPY, and valuation multiples include a trailing P/E of 43.59 and P/FCF of 35.7; the model implies an FCF growth rate priced at 23.73% per year under the stated assumptions.
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 from contracts rose from USD 392,361,000 in the fiscal quarter ended 31 March 2025 to USD 804,905,000 in the fiscal quarter ended 30 June 2026.
XBRL companyfacts · 0001713445-26-000069Net income increased from USD 26,157,000 in the fiscal quarter ended 31 March 2025 to USD 252,848,000 in the fiscal quarter ended 30 June 2026.
XBRL companyfacts · 0001713445-25-000102Reads 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.
An 8-K was filed on 2026-08-12; that filing is available as the 8-K filed 12 August 2026 (parse_status: parsed).
8-K filed 2026-08-12A Form 4 was filed on 2026-08-27 under the 4 filed 27 August 2026 (parse_status: pending).
4 filed 2026-08-27Reads 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.
Beta vs SPY is 2.08 and correlation vs SPY is 0.37 as of 2026-08-28.
Moneyta signal set · 2026-08-2830-day annualized volatility is +96.1% and 90-day annualized volatility is +83.4%, with volatility vs own history at the 73th percentile of 547 on 2026-08-28.
Moneyta signal set · 2026-08-28Reads 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 filings carry a 45-day reporting lag).
13F holdings · 797 filers · as of 2026-03-31The largest reported institutional holders and their reported values (as of 2026-03-31) include ALLIANCEBERNSTEIN L.P. $1.12B, SUSQUEHANNA INTERNATIONAL GROUP, LLP $1.11B, BlackRock, Inc. $1.03B, BAILLIE GIFFORD & CO $984.2M, and VANGUARD PORTFOLIO MANAGEMENT LLC $906.6M, with several of those holders showing quarter-over-quarter value declines (e.g., Susquehanna -42.1%, BlackRock -40.6%, Baillie Gifford -28.4%) while AllianceBernstein reported +56.5%.
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.
A director, Robert Sauerberg, sold 5,128 Reddit shares in a transaction dated Tuesday, August 25, with the reported proceeds about $820,070.
News · thelincolnianonline.com · 2026-08-27Multiple distinct outlets ran the insider-sale story (finance.yahoo.com and fool.com published a similarly worded headline on August 28, and thelincolnianonline.com published related details on August 27).
News · finance.yahoo.com · 2026-08-28Reads 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.
On 2026-08-14, multiple sales by Steve Ladd Huffman (CEO & President) were reported under a stated 10b5-1 plan totaling $3,223,000 across filings that list individual sales of $228k (1,300 shares), $404k (2,292 shares), $497k (2,808 shares), $908k (5,100 shares), and $501k (2,800 shares).
Form 4 · Huffman Steve Ladd (CEO & President) · $455k code M · 2026-08-14On 2026-08-14, Jennifer L. Wong (Chief Operating Officer) reported multiple sales under a stated 10b5-1 plan totaling $8,424,000 across filings that list individual sales of $489k (2,796 shares), $935k (5,324 shares), $2.0M (11,380 shares), $2.5M (14,000 shares) and $2.2M (12,570 shares).
Form 4 · Wong Jennifer L. (Chief Operating Officer) · $321k code M · 2026-08-14Reads 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.
At the market price on 2026-08-28, the model-backed implied free cash flow (FCF) growth rate that today's price would justify is 23.73% per year under the stated discount and terminal assumptions.
Valuation inputs · SEC XBRL + stored EOD closePrice-to-Free-Cash-Flow (P/FCF) on a trailing-twelve-month basis is 35.7.
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 evidence set shows materially improved core operating performance: revenue, operating income, net income, and diluted EPS all rose sharply between the March 2025 quarter and the June 2026 quarter, accompanied by a large cash balance increase and a meaningful share repurchase in mid-2026. Weighted average shares were broadly stable across the period, so EPS gains are not primarily share-count driven, and R&D spend rose modestly alongside operating leverage, consistent with growth investment supporting margin expansion. Market-level concerns such as elevated short-term volatility and a large multi-year drawdown are factual but accompany mixed momentum signals (positive 6–12 month metrics) and a sizable trailing free cash flow stream (TTM FCF and FCF per share) that underpin valuation discussions. Insider sales and clustered Form 4 filings are documented, yet many reported executive trades were executed under 10b5-1 plans per the filings, and parsing gaps on some Form 4s reduce clarity on intent, so those items merit cautious interpretation rather than being definitive negative proof.
Chair's verdict, claim by claim
Fragility · computed, not argued
diversified0.29
38 surviving claims rest on 21 distinct sources; the heaviest analyst carries 21% of them, and 97% of what the desk raised survived the debate.
The evidence set is moderately broad but not immune to fragility: 38 surviving claims drawn from 21 distinct sources gives reasonable source diversity, yet one analyst accounting for 21% of the claims and a 97% survival rate through debate suggests low internal challenge — the desk’s conclusions carry informational weight but deserve cautious interpretation. Fragility lenses: source concentration and high survival imply the read is relatively stable within the current dataset but could be shifted by a small number of new or corrected filings or by a decisive market/data event.
Peer context · computed, not argued
12-1 momentum ranks 3rd of 4 in Internet Content & Information (as of 2026-08-28).
90-day volatility ranks 1st of 4 in Internet Content & Information (as of 2026-08-28).
dividend yield ranks 4th of 4 in Internet Content & Information (as of 2026-08-28).
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· 2 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
10 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−0.3 to the score
4 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
8 filings· 2 cited
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state — stated and inferred flags kept apart.
Read by Talbot−1.6 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.
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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.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.