Reddit Inc. RDDT

Reddit Inc. filed its latest 10-Q on 1 May 2026, and the numbers tell a story that is heavy on growth but light on theatrics. Revenue for the quarter ending 31 March 2026 clocked in at $663.4 million, up 69% year-over-year, while net income attributable to the parent stood at $204.0 million, or 31% of revenue. EBITDA printed at $266 million, 40% of revenue and up 131% year-over-year, according to the official filing. Earnings per share, diluted, came to $1.01 on a weighted average of 202.5 million shares. The balance sheet looked sturdy: $3.48 billion in total assets against $304.6 million in liabilities, with $1.37 billion in cash and cash equivalents and $3.18 billion in stockholders’ equity. Operating cash flow for the quarter was $312.3 million, while R&D spend hit $207.2 million and capex a mere $1.1 million.

Reddit is not a social network that dabbles in advertising; it is an advertising business that happens to host social networks. The 10-Q and the accompanying 8-K from 10 June 2026 both spell out the dependency: daily active users, engagement, and the ability to serve ads at scale determine revenue more than any single feature or product launch. The filings flag risks that sound like corporate boilerplate-technical failures, Redditor churn, advertiser pullback-but the weight of the numbers shows how quickly those risks translate into margin compression. If DAU slips or ad load drops, the 40% EBITDA margin can vanish faster than a trending hashtag after midnight.

In the eight trading days between 10 June and 18 June 2026, Reddit filed eight separate SEC documents: five Form 4s, an 8-K, a 144, and another Form 4. The Form 4s name directors and officers, while the 144 signals a planned sale of restricted stock, a reminder that insiders are active even when the stock isn’t making headlines. The sheer volume of filings does not imply wrongdoing; it merely proves that corporate life at Reddit remains busier than a subreddit at 3 a.m. The official SEC EDGAR index and the companyfacts JSON confirm the same core data points, but the filing spree underscores a point: the company’s finance team is keeping the regulators busy, even if the market is not.

For investors who still think Reddit is a meme stock masquerading as a platform, the 10-Q offers a blunt corrective. The company’s fortunes rise and fall with daily active users and ad inventory fill rates, two variables that are harder to model than a linear regression. The 8-K dated 10 June 2026 flags the usual platform risks-technical outages, Redditor behaviour shifts, advertiser pullback-and the filing explicitly states that if DAU declines or ad load drops, revenue and margins can suffer materially. The numbers in the 10-Q show the company can scale profitably, but they do not guarantee the next quarter’s results. The market’s narrative still leans on stories rather than spreadsheets, which is why the next earnings call matters more than the next cat meme.

Reddit’s investor-relations page hosts the quarterly results and community Q&A, but the filings are the real primary source. The company’s submissions JSON and companyfacts JSON on SEC EDGAR confirm the same revenue, net income, EBITDA, and cash figures, while the filing index shows the volume of corporate filing trail rising faster than a karma count during a viral moment. The data is solid, the risks are spelled out, and the tension sits between the audited numbers and the market’s habit of trading on narrative. Until the next Form 4 or earnings release, the stock will be judged on the same metrics that fill the filings: users, ads, and the margin between them.

If you want a chart to stare at while you decide whether to care, TradingView’s RDDT chart will show you the price action, but it won’t tell you why the EBITDA margin matters more than the next upvote. The chart is a mirror; the filings are the manual. Use the filings to read the business, and the chart to watch the noise. The two do not always agree, and the filings are the ones that count.

The company’s latest press release, filed on 30 April 2026, announced the quarter’s results and confirmed the 69% revenue growth, $204 million net income, and $266 million EBITDA, with the letter to shareholders noting the community Q&A held on r/RDDT. The release and the call transcript are public, but the real colour sits in the 10-Q and the 8-K. The press release is the glossy brochure; the filings are the receipts. Keep the brochure in the drawer and read the receipts.