Reddit (RDDT) Operating Expenses (2023 - 2026)

Reddit (RDDT) reported Operating Expenses of $480.5 million for Q1 2026, up 23.69% year-over-year from $388.5 million in Q1 2025, and down 2.69% quarter-over-quarter from $493.8 million in Q4 2025.

Reddit (RDDT) Operating Expenses (2023 - 2026) Analysis & Trends

Reddit (RDDT) has 4 years of Operating Expenses data on file, last reported at $480.5 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $480.5 million, up 23.69% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.9 billion (up 30.74% YoY), and the FY2025 annual result was $1.8 billion, down 5.39% from the prior year.
  • Operating Expenses eased to $480.5 million in Q1 2026 per RDDT's latest filing, from $493.8 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $832.2 million in Q1 2024 and troughed at $227.1 million in Q3 2023.
  • A 4-year average of $388.2 million and a median of $374.8 million in 2024 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2024 and 2025: Operating Expenses surged 255.13% in 2024, then plunged 53.32% in 2025.
  • A 4-year view of Operating Expenses shows it stood at $246.7 million in 2023, then jumped by 51.92% to $374.8 million in 2024, then surged by 31.73% to $493.8 million in 2025, then decreased by 2.69% to $480.5 million in 2026.
  • Business Quant data shows RDDT's Operating Expenses at $480.5 million in Q1 2026, $493.8 million in Q4 2025, and $446.4 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Nebius 1,942,920.03 Bn 1,942,920.03 Bn 295.20 Mn 527.00 Mn
2 Alphabet 4,333.14 Bn 4,117.52 Bn 102.29 Bn 70.20 Bn
3 Meta Platforms 1,436.75 Bn 1,355.57 Bn 46.09 Bn 33.44 Bn
4 Spotify Technology 115.76 Bn 105.52 Bn 1.75 Bn 512.79 Mn
5 Reddit 31.07 Bn 28.30 Bn 511.94 Mn 480.50 Mn
6 Pinterest 12.92 Bn 11.62 Bn 768.96 Mn 1.09 Bn
7 Kanzhun 12.73 Bn 10.63 Bn 255.62 Bn -209.66 Bn
8 Snap 8.83 Bn 6.00 Bn 1.29 Bn 1.60 Bn
9 Match 8.15 Bn 7.13 Bn 653.28 Mn 627.52 Mn
10 Zillow 7.57 Bn 6.79 Bn 519.00 Mn 483.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 480.50 Mn
Dec 31, 2025 493.78 Mn
Sep 30, 2025 446.37 Mn
Jun 30, 2025 431.92 Mn
Mar 31, 2025 388.46 Mn
Dec 31, 2024 374.84 Mn
Sep 30, 2024 341.50 Mn
Jun 30, 2024 312.22 Mn
Mar 31, 2024 832.22 Mn
Dec 31, 2023 246.74 Mn
Sep 30, 2023 227.09 Mn
Jun 30, 2023 236.02 Mn
Mar 31, 2023 234.34 Mn