Reddit (RDDT) Cost of Revenue (2023 - 2026)
Reddit (RDDT) reported Cost of Revenue of $151.5 million for Q1 2026, up 308.4% year-over-year from $37.1 million in Q1 2025, and down 58.88% quarter-over-quarter from $368.4 million in Q4 2025.
Reddit (RDDT) Cost of Revenue (2023 - 2026) Analysis & Trends
Reddit (RDDT) has 4 years of Cost of Revenue data on file, last reported at $151.5 million in Q1 2026.
- Cost of Revenue for Q1 2026 came in at $151.5 million, up 308.4% year-over-year; the trailing twelve-month figure through Mar 2026 was $694.4 million (up 73.64% YoY), and the FY2025 annual result was $503.9 million, up 43.72% from the prior year.
- Cost of Revenue declined to $151.5 million in Q1 2026 per RDDT's latest filing, from $368.4 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $368.4 million in Q4 2025 and troughed at $26.4 million in Q3 2023.
- A 4-year average of $106.4 million and a median of $59.2 million in 2023 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2024 and 2026: Cost of Revenue plunged 50.19% in 2024, then surged 308.4% in 2026.
- A 4-year view of Cost of Revenue shows it stood at $148.1 million in 2023, then soared by 74.79% to $258.8 million in 2024, then soared by 42.32% to $368.4 million in 2025, then slumped by 58.88% to $151.5 million in 2026.
- Business Quant data shows RDDT's Cost of Revenue at $151.5 million in Q1 2026, $368.4 million in Q4 2025, and $128.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 1,942,920.03 Bn | 1,942,920.03 Bn | 295.20 Mn | 103.80 Mn |
| 2 | Alphabet | 4,333.14 Bn | 4,117.52 Bn | 102.29 Bn | 7.61 Bn |
| 3 | Meta Platforms | 1,436.75 Bn | 1,355.57 Bn | 46.09 Bn | 10.22 Bn |
| 4 | Spotify Technology | 115.76 Bn | 105.52 Bn | 1.75 Bn | 3.56 Bn |
| 5 | 31.07 Bn | 28.30 Bn | 511.94 Mn | 151.47 Mn | |
| 6 | 12.92 Bn | 11.62 Bn | 768.96 Mn | 238.55 Mn | |
| 7 | Kanzhun | 12.73 Bn | 10.63 Bn | 255.62 Bn | 43.23 Bn |
| 8 | Snap | 8.83 Bn | 6.00 Bn | 1.29 Bn | 239.01 Mn |
| 9 | Match | 8.15 Bn | 7.13 Bn | 653.28 Mn | 210.66 Mn |
| 10 | Zillow | 7.57 Bn | 6.79 Bn | 519.00 Mn | 189.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 151.47 Mn |
| Mar 31, 2026 | 151.47 Mn |
| Dec 31, 2025 | 368.37 Mn |
| Dec 31, 2025 | 368.37 Mn |
| Sep 30, 2025 | 128.71 Mn |
| Sep 30, 2025 | 128.71 Mn |
| Jun 30, 2025 | 45.90 Mn |
| Jun 30, 2025 | 45.90 Mn |
| Mar 31, 2025 | 37.09 Mn |
| Mar 31, 2025 | 37.09 Mn |
| Dec 31, 2024 | 258.83 Mn |
| Dec 31, 2024 | 258.83 Mn |
| Sep 30, 2024 | 74.51 Mn |
| Sep 30, 2024 | 74.51 Mn |
| Jun 30, 2024 | 29.50 Mn |
| Jun 30, 2024 | 29.50 Mn |
| Mar 31, 2024 | 27.62 Mn |
| Mar 31, 2024 | 27.62 Mn |
| Dec 31, 2023 | 148.08 Mn |
| Dec 31, 2023 | 148.08 Mn |