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 | 31.07 Bn | 28.30 Bn | 511.94 Mn | 480.50 Mn | |
| 6 | 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| 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 |