Reddit (RDDT) Operating Expenses (2023 - 2026)
On a quarterly basis, Operating Expenses rose 23.69% to $480.5 million in Q1 2026 year-over-year; TTM through Mar 2026 was $1.9 billion, a 30.74% increase, with the full-year FY2025 number at $1.8 billion, down 5.39% from a year prior.
Reddit (RDDT) has 4 years of Operating Expenses data on record, last reported at $480.5 million in Q1 2026.
- Operating Expenses reached $480.5 million in Q1 2026 per RDDT's latest filing, down from $493.8 million in the prior quarter.
- Over the last five years, Operating Expenses for RDDT hit a ceiling of $832.2 million in Q1 2024 and a floor of $227.1 million in Q3 2023.
- A 4-year average of $388.2 million and a median of $374.8 million in 2024 define the central range for Operating Expenses.
- Peak YoY movement for Operating Expenses: skyrocketed 255.13% in 2024, then crashed 53.32% in 2025.
- Tracing RDDT's Operating Expenses over 4 years: stood at $246.7 million in 2023, then skyrocketed 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 Operating Expenses for RDDT 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 | Meta Platforms | 1,539.18 Bn | 1,458.00 Bn | 46.09 Bn | 33.44 Bn |
| 2 | Spotify Technology | 118.05 Bn | 107.81 Bn | 1.75 Bn | 512.79 Mn |
| 3 | 28.76 Bn | 25.99 Bn | 511.94 Mn | 480.50 Mn | |
| 4 | Nebius | 22.38 Bn | 22.38 Bn | 295.20 Mn | 527.00 Mn |
| 5 | 12.01 Bn | 10.71 Bn | 768.96 Mn | 1.09 Bn | |
| 6 | Strive | 9.69 Bn | 9.62 Bn | - | 17.33 Mn |
| 7 | Snap | 9.60 Bn | 6.78 Bn | 1.29 Bn | 1.60 Bn |
| 8 | Match | 8.34 Bn | 7.31 Bn | 653.28 Mn | 627.52 Mn |
| 9 | Baidu | 5.09 Bn | -5.87 Bn | 1.88 Mn | 4.19 Bn |
| 10 | Iac | 3.16 Bn | 2.06 Bn | 289.86 Mn | 462.96 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |