Reddit, Inc.
At today's price, Reddit, Inc. (RDDT) is priced for today's economics sustained for ~27.9 years. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
The trajectory is extraordinary. Reddit grew revenue 69% to $663 million in the first quarter of 2026, its seventh straight quarter above 60% growth, with advertising revenue up 74%, gross margins over 90%, and an adjusted EBITDA margin of 40%. Growth and profitability are inflecting together. The price asks for that to continue almost indefinitely. At $174.98 the market pays roughly 87 times company-wide operating income, which implies the company holds its self-funding growth ceiling for abou
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774 institutional managers reported holding RDDT in 13F filings for the quarter ended 2026-03-31. Together they hold about 57% of the company; the top 10 hold 26%. 120 opened new positions that quarter. Held by Vanguard Group, BlackRock, Baillie Gifford, among others. On the short side, 16.5M shares were sold short as of the 2026-06-15 count, about 8% of shares outstanding (3.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
Open-market insider buys at RDDT over the trailing three years: 2024: 2 buys totaling $442k; 2025: 3 buys totaling $199k; 2026: 4 buys totaling $8.87M. 13 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
RDDT's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2024-08-08 | -10.6% | +27.2% |
| 2024-10-31 | +45.6% | +39.1% |
| 2025-02-14 | -4.0% | -51.0% |
| 2025-05-03 | -2.5% | +38.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
RDDT's latest 8-K filings: 2026-06-10 (items 5.07, 9.01); 2026-04-30 (items 2.02, 9.01); 2026-02-05 (items 2.02, 8.01, 9.01); 2025-10-30 (items 2.02, 9.01); 2025-07-31 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.