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 Reddit 31.07 Bn 28.30 Bn 511.94 Mn 151.47 Mn
6 Pinterest 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
DateValue
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