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Where the tokens are
Trade RDDT perpsStandardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $804.91M | $663.41M | $725.61M | $584.91M | $499.63M | $392.36M | $427.71M | $348.35M |
| Cost of revenue | $70.31M | $56.27M | $58.72M | $52.51M | $45.90M | $37.09M | $31.85M | $34.63M |
| Gross profit | $734.60M | $607.14M | $666.89M | $532.40M | $453.73M | $355.27M | $395.86M | $313.72M |
| Gross margin | 91.3% | 91.5% | 91.9% | 91.0% | 90.8% | 90.5% | 92.6% | 90.1% |
| Research and development | $231.28M | $207.25M | $198.89M | $196.38M | $196.61M | $191.27M | $188.64M | $166.70M |
| Selling, general and administrative | $271.61M | $216.99M | $236.18M | $197.48M | $189.41M | $160.10M | $154.35M | $140.16M |
| Operating expenses | $502.88M | $424.23M | $435.06M | $393.86M | $386.02M | $351.37M | $342.99M | $306.86M |
| Operating income | $231.72M | $182.91M | $231.83M | $138.54M | $67.71M | $3.90M | $52.87M | $6.85M |
| Operating margin | 28.8% | 27.6% | 31.9% | 23.7% | 13.6% | 1.0% | 12.4% | 2.0% |
| EBITDA | $235.97M | $187.12M | $235.98M | $142.44M | $71.65M | $7.87M | $57.03M | $10.82M |
| Income before taxes | $256.84M | $205.73M | $254.82M | $160.58M | $88.86M | $24.44M | $69.99M | $29.82M |
| Income taxes | $3.99M | $1.75M | $3.22M | −$2.09M | −$439.00K | −$1.72M | −$1.05M | −$31.00K |
| Net income | $252.85M | $203.98M | $251.60M | $162.66M | $89.30M | $26.16M | $71.04M | $29.85M |
| Net margin | 31.4% | 30.7% | 34.7% | 27.8% | 17.9% | 6.7% | 16.6% | 8.6% |
| EPS, basic | $1.31 | $1.07 | $1.32 | $0.87 | $0.48 | $0.14 | $0.40 | $0.18 |
| EPS, diluted | $1.25 | $1.01 | $1.23 | $0.80 | $0.45 | $0.13 | $0.46 | $0.16 |
| Diluted shares | 202.03M | 202.52M | 204.91M | 202.73M | 199.52M | 201.28M | 154.94M | 192.32M |
Figures describe Reddit shares, not any token. As of Jul 31, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.