RDDT
Reddit, Inc.
RDDT has the edge over SHEN overall, supported by stronger fundamentals and stronger modeled upside.
SHEN
Shenandoah Telecommunications Company
SHEN has lower modeled downside risk, despite its lower overall score.
RDDT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
RDDT's revenue, profitability, cash flow and balance sheet are all currently healthy.
SHEN Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Under pressure | |
| Weak |
SHEN's revenue is currently stable, but its profitability, cash flow and balance sheet are under pressure.
RDDT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 16x | $99.55 | — |
| Current | 20x | $99.55 | — |
| Cheap | 35x | $171 | +72% |
| Fair | 46x | $228 | +129% |
| Expensive | 53x | $262 | +163% |
Historical ranges are pointers, not guarantees.
RDDT's PE is 20x, but its earnings don't support one, so it isn't a reliable read right now.
SHEN PE Valuation
SHEN has no meaningful PE right now: it lost money over the past year.
RDDT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Low |
RDDT has the edge over SHEN on the outlook, with more favorable earnings expectations.
SHEN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses steady | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect SHEN's revenue to grow and its profitability to improve, with its earnings holding steady.
RDDT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.32 | +29% |
| Q3 2024 | -$7.98 | -$7.17 |
| Q2 2024 | -$8.19 | -$7.15 |
| Q1 2024 | -$8.38 | -$7.25 |
| Q4 2023 | -$0.56 | +$0.41 |
| Q3 2023 | -$0.81 | -$0.02 |
| Q2 2023 | -$1.04 | -$0.48 |
| Q1 2023 | -$1.13 | -$0.48 |
| Q4 2022 | -$0.97 | -$0.19 |
RDDT has returned to profit: it earned $4.90 per share over the past year, after losing money the year before.
SHEN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2024 | $3.89 | +6383% |
| Q2 2024 | $4.05 | +$4.07 |
| Q1 2024 | $4.33 | +$4.45 |
| Q4 2023 | $0.16 | +$0.33 |
| Q3 2023 | $0.06 | +$0.15 |
| Q2 2023 | -$0.02 | -100% |
| Q1 2023 | -$0.12 | -101% |
| Q4 2022 | -$0.17 | -101% |
SHEN has the edge over RDDT on earnings quality, reporting a profit while its opponent remains loss making.
RDDT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $895M | +53% |
| Q2 2026 | $804.9M | +61% |
| Q1 2026 | $663.4M | +69% |
| Q4 2025 | $725.6M | +70% |
| Q3 2025 | $584.9M | +68% |
| Q2 2025 | $499.6M | +78% |
| Q1 2025 | $392.4M | +61% |
| Q4 2024 | $427.7M | +71% |
RDDT has the edge over SHEN on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 29% | +5.5 points |
| Q2 2026 | 29% | +15 points |
| Q1 2026 | 28% | +27 points |
| Q4 2025 | 32% | +20 points |
| Q3 2025 | 24% | +22 points |
| Q2 2025 | 14% | +25 points |
| Q1 2025 | 1% | +244 points |
| Q4 2024 | 12% | +11 points |
RDDT has the edge over SHEN on profitability, with a higher operating margin.
SHEN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $93.9M | +4.6% |
| Q2 2026 | $93.5M | +5.5% |
| Q1 2026 | $92.2M | +4.8% |
| Q4 2025 | $91.6M | +7.2% |
| Q3 2025 | $89.8M | +2.5% |
| Q2 2025 | $88.6M | +3.2% |
| Q1 2025 | $87.9M | +27% |
| Q4 2024 | $85.4M | +18% |
SHEN's revenue has grown year over year for 10 quarters in a row: $94M last quarter, up 4.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -2.1% | +5.9 points |
| Q2 2026 | -1.1% | +9.2 points |
| Q1 2026 | -11% | -4.4 points |
| Q4 2025 | -0.9% | +5.8 points |
| Q3 2025 | -8% | -3.2 points |
| Q2 2025 | -10% | +8.2 points |
| Q1 2025 | -6.9% | -2.9 points |
| Q4 2024 | -6.7% | -11 points |
SHEN's operating margin was −2.1% last quarter, up 5.9 points from the same quarter a year ago.
RDDT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $362.6M | +98% |
| Q2 2026 | $260.7M | +135% |
| Q1 2026 | $311.2M | +146% |
| Q4 2025 | $263.6M | +196% |
| Q3 2025 | $183.1M | +161% |
| Q2 2025 | $110.8M | +308% |
| Q1 2025 | $126.6M | +333% |
| Q4 2024 | $89.2M | +$111.2M |
RDDT has the edge over SHEN on cash generation, producing positive trailing cash flow while its opponent burns cash.
SHEN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$41M | +$10.4M |
| Q2 2026 | -$45.9M | +$19.3M |
| Q1 2026 | -$51.5M | +$11.3M |
| Q4 2025 | -$78.6M | -$6.6M |
| Q3 2025 | -$51.4M | -$110K |
| Q2 2025 | -$65.3M | +$13.1M |
| Q1 2025 | -$62.7M | -$7.8M |
| Q4 2024 | -$72M | -$27.9M |
SHEN has burned cash in most quarters: −$217M over the past year, against −$251M the year before.
RDDT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -169K shares |
| 1 year | -0.4% | -868K shares |
| 3 years | +24% | +38.5M shares |
| 5 years | +24% | +38.5M shares |
RDDT has the edge over SHEN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $100.4M |
| Q2 2026 | $234.6M |
| Q1 2026 | $5M |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | $4.2M |
| Q4 2022 | — |
SHEN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +35K shares |
| 1 year | +1.2% | +664K shares |
| 3 years | +9.8% | +5M shares |
| 5 years | +11% | +5.7M shares |
| Available history | +11% | +5.7M shares |
SHEN has 56M diluted shares, up 1.2% from a year ago.
RDDT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.5x | Net Cash |
| Q2 2026 | -1.9x | Net Cash |
| Q1 2026 | -2.2x | Net Cash |
| Q4 2025 | -2.1x | Net Cash |
| Q3 2025 | -3.3x | Net Cash |
| Q2 2025 | -5.0x | Net Cash |
| Q1 2025 | -13.1x | Net Cash |
RDDT has the edge over SHEN on leverage, with a lower net debt burden relative to earnings.
SHEN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 6.3x | High |
| Q2 2026 | 6.2x | High |
| Q1 2026 | 6.0x | High |
| Q4 2025 | 5.7x | High |
| Q3 2025 | 5.3x | High |
| Q2 2025 | 5.2x | High |
| Q1 2025 | 5.6x | High |
| Q4 2024 | 5.4x | High |
SHEN's net debt is about 6.3 years of its operating earnings (EBITDA), up from 5.3 years a year ago.
RDDT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.8 | Neutral |
| Stochastic | 6.5 | Oversold |
RDDT's weekly RSI is 35 (neutral) and its Stochastic is 6 (oversold).
SHEN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 36.9 | Neutral |
| Stochastic | 18.7 | Oversold |
SHEN's weekly RSI is 37 (neutral) and its Stochastic is 19 (oversold).
RDDT PE vs Communication Services Sector
| Metric | RDDT | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 16x | 23% above |
| PE % | 5 | 23 | 18 pts below |
RDDT is trading at 20x earnings, a 23% premium to the Communication Services sector's median of 16x, though its earnings don't support one.
SHEN PE vs Communication Services Sector
| Metric | SHEN | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 16x | — |
SHEN has no meaningful PE right now: it lost money over the past year.
RDDT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $130.6 | 24% below |
| 20 week MA | $151.7 | 34% below |
| 50 week MA | $165.0 | 40% below |
| 100 week MA | $167.1 | 40% below |
SHEN has stronger trend alignment. RDDT is above 0 of 4 weekly averages versus SHEN above 0 of 5.
SHEN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.5 | 2% below |
| 20 week MA | $11.6 | 12% below |
| 50 week MA | $13.0 | 21% below |
| 100 week MA | $12.8 | 20% below |
| 200 week MA | $15.6 | 34% below |
SHEN is in a downtrend: it's below all five of its weekly moving averages, and 34% below its 200-week average.
RDDT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $46.0 | $173.5 | +277% |
| 2025 | $173.5 | $225.8 | +30% |
| 2026 YTD | $225.8 | $99.6 | -56% |
RDDT has finished every year since 2024 higher, and it's down 56% so far in 2026.
SHEN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $41.1 | $43.6 | +6.2% |
| 2021 | $43.6 | $26.6 | -39% |
| 2022 | $26.6 | $16.7 | -37% |
| 2023 | $16.7 | $21.6 | +30% |
| 2024 | $21.6 | $12.4 | -42% |
| 2025 | $12.4 | $11.3 | -9.1% |
| 2026 YTD | $11.3 | $10.3 | -9.3% |
SHEN has the edge over RDDT on returns for 2026, with the stronger performance.