Reddit (RDDT) Gross Margin (2023 - 2026)
Reddit (RDDT) reported Gross Margin of 77.17% for Q1 2026, down 1338.0% year-over-year from 6.23% in Q1 2025, and up 56.74% quarter-over-quarter from 49.23% in Q4 2025.
Reddit (RDDT) Gross Margin (2023 - 2026) Analysis & Trends
Reddit (RDDT) has 4 years of Gross Margin data on file, last reported at 77.17% in Q1 2026.
- Gross Margin for Q1 2026 came in at 77.17%, down 1338.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 71.93% (down 49.0% YoY), and the FY2025 annual result was 77.12%, up 409.0% from the prior year.
- Gross Margin rose to 77.17% in Q1 2026 per RDDT's latest filing, from 49.23% in the prior quarter.
- Over five years, Gross Margin peaked at 90.81% in Q2 2025 and troughed at 39.48% in Q4 2024.
- A 4-year average of 73.94% and a median of 78.61% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2024 and 2026: Gross Margin jumped 2187 bps in 2024, then slumped 1338 bps in 2026.
- A 4-year view of Gross Margin shows it stood at 40.71% in 2023, then retreated by 3 bps to 39.48% in 2024, then grew by 25 bps to 49.23% in 2025, then jumped by 57 bps to 77.17% in 2026.
- Business Quant data shows RDDT's Gross Margin at 77.17% in Q1 2026, 49.23% in Q4 2025, and 78.0% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 1,913,603.98 Bn | 1,913,603.98 Bn | 295.20 Mn | 73.98% |
| 2 | Alphabet | 4,425.33 Bn | 4,209.71 Bn | 102.29 Bn | 93.08% |
| 3 | Meta Platforms | 1,502.66 Bn | 1,421.48 Bn | 46.09 Bn | 81.85% |
| 4 | Spotify Technology | 119.69 Bn | 109.44 Bn | 1.75 Bn | 32.98% |
| 5 | 33.22 Bn | 30.45 Bn | 511.94 Mn | 77.17% | |
| 6 | 13.64 Bn | 12.34 Bn | 768.96 Mn | 76.32% | |
| 7 | Kanzhun | 13.02 Bn | 10.92 Bn | 255.62 Bn | 85.23% |
| 8 | Snap | 9.72 Bn | 6.90 Bn | 1.29 Bn | 84.37% |
| 9 | Zillow | 8.26 Bn | 7.48 Bn | 519.00 Mn | 73.31% |
| 10 | Match | 8.04 Bn | 7.01 Bn | 653.28 Mn | 75.62% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 77.17% |
| Dec 31, 2025 | 49.23% |
| Sep 30, 2025 | 78.00% |
| Jun 30, 2025 | 90.81% |
| Mar 31, 2025 | 90.55% |
| Dec 31, 2024 | 39.48% |
| Sep 30, 2024 | 78.61% |
| Jun 30, 2024 | 89.51% |
| Mar 31, 2024 | 88.63% |
| Dec 31, 2023 | 40.71% |
| Sep 30, 2023 | 87.28% |
| Jun 30, 2023 | 67.64% |
| Mar 31, 2023 | 83.59% |