Reddit, Inc. (RDDT) intrinsic value & 10-year financials
Reddit, Inc. (RDDT) has a Graham intrinsic value of $87.03 per share. At $156.14 on Oct 17, 2026, the stock trades 79% above that value. Over the last 5 fiscal years revenue grew 48.9% a year to $2.2B, with an average return on invested capital of -32.7%.
- Graham intrinsic value
- $87.03
- Share price (Oct 17, 2026)
- $156.14
- Price vs Graham value
- 79% above
- Market cap
- $31.6B
- Revenue (FY2025)
- $2.2B
- Revenue growth (5-yr CAGR)
- 48.9%
- ROIC (10-yr avg)
- -32.7%
- Free cash flow (FY2025)
- $684.2M
RDDT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $2.2B | $529.7M | $2.62 | $684.2M | 20.1% | 24.7% |
| FY2024 | $1.3B | -$484.3M | -$3.33 | $215.8M | -43.1% | -140.4% |
| FY2023 | $804.0M | -$90.8M | -$1.54 | -$84.8M | -17.4% | 17.7% |
| FY2022 | $666.7M | -$158.6M | -$2.77 | -$100.3M | -25.8% | — |
| FY2021 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Reddit, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Reddit, Inc. has historically struggled to out-earn its cost of capital, averaging just -32.7% ROIC.
Reddit, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Reddit, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $87.03 per share.