RDDT
Reddit, Inc.
RDDT has the edge over SIRI overall, supported by stronger fundamentals and stronger modeled upside.
SIRI
Sirius XM Holdings Inc.
SIRI 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.
SIRI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Weak |
SIRI's profitability and cash flow are currently healthy, and its revenue is stable, but its balance sheet is weak.
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 has the edge over SIRI in the historical PE scenario, which offers more potential upside but is not a forecast.
SIRI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 10x | $25.48 | -20% |
| Forward | 10x | $31.74 | — |
| Current | 13x | $31.74 | — |
| Fair | 17x | $42.45 | +34% |
| Expensive | 34x | $83.36 | +163% |
Historical ranges are pointers, not guarantees.
SIRI's PE is in its fair range at 13x. On analysts' estimates for next year's earnings, today's price would be 10x, in its cheap range.
RDDT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Low |
RDDT has the edge over SIRI on the outlook, with more favorable earnings and revenue expectations.
SIRI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Stable | |
| Stable | |
| Stable | |
| Limited | |
| Low |
Analysts expect SIRI's earnings, revenue and profitability to hold roughly steady. However, they disagree widely on these estimates.
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 the stronger earnings trend. Trailing diluted EPS is down 39% for RDDT versus SIRI down 45%.
SIRI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.13 | +29% |
| Q3 2026 | $2.43 | -45% |
| Q2 2026 | $2.49 | +$7.62 |
| Q1 2026 | $2.36 | +$7.26 |
| Q4 2025 | $2.23 | +$7.02 |
| Q3 2025 | $4.45 | +$10.79 |
| Q2 2025 | -$5.13 | -255% |
| Q1 2025 | -$4.90 | -248% |
| Q4 2024 | -$4.79 | -250% |
SIRI's earnings per share have fallen from their peak: $2.43 over the past year, against $4.45 in late 2025.
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 SIRI on sales, with more consistent year-over-year improvement.
| 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 SIRI on profitability, with a higher operating margin.
SIRI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.2B | -0.3% |
| Q2 2026 | $2.2B | +1% |
| Q1 2026 | $2.1B | +1.1% |
| Q4 2025 | $2.2B | +0.2% |
| Q3 2025 | $2.2B | -0.6% |
| Q2 2025 | $2.1B | -1.8% |
| Q1 2025 | $2.1B | -4.3% |
| Q4 2024 | $2.2B | -4.4% |
SIRI's revenue has held roughly level: $2.2B last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 22% | -0.6 points |
| Q2 2026 | 22% | +4.8 points |
| Q1 2026 | 22% | +3 points |
| Q4 2025 | 10% | -13 points |
| Q3 2025 | 23% | +157 points |
| Q2 2025 | 17% | -6.1 points |
| Q1 2025 | 19% | -1.5 points |
| Q4 2024 | 23% | +1.6 points |
SIRI's operating margin was 22% last quarter, down 0.6 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 SIRI on cash flow, with more consistent year-over-year improvement.
SIRI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $291M | +14% |
| Q2 2026 | $592M | +48% |
| Q1 2026 | $166M | +213% |
| Q4 2025 | $536M | +4.3% |
| Q3 2025 | $255M | +963% |
| Q2 2025 | $401M | +18% |
| Q1 2025 | $53M | -60% |
| Q4 2024 | $514M | +17% |
SIRI's free cash flow has been positive every quarter for seven years: $1.6B over the past year, up 30% from 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 SIRI 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 | — |
SIRI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +6.1% | +21M shares |
| 1 year | +2% | +7M shares |
| 3 years | -6.1% | -23.5M shares |
| 5 years | -12% | -48.9M shares |
| Available history | -21% | -98.6M shares |
SIRI has 363M diluted shares, up 2% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $33M |
| Q2 2026 | $6M |
| Q1 2026 | $22M |
| Q4 2025 | $45M |
| Q3 2025 | $21M |
| Q2 2025 | $45M |
| Q1 2025 | $25M |
| Q4 2024 | $6M |
SIRI spent $106M buying back its own shares over the past year, up 9.3% from the year before.
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 SIRI on leverage, with a lower net debt burden relative to earnings.
SIRI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.3x | High |
| Q2 2026 | 4.4x | High |
| Q1 2026 | 4.9x | High |
| Q4 2025 | 5.1x | High |
| Q3 2025 | 4.6x | High |
| Q2 2024 | 3.7x | Elevated |
| Q1 2024 | 3.8x | Elevated |
| Q4 2023 | 3.8x | Elevated |
SIRI's net debt is about 4.3 years of its operating earnings (EBITDA), down from 4.6 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).
SIRI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 65.4 | Neutral |
| Stochastic | 70.1 | Neutral |
SIRI's weekly RSI is 65 (neutral) and its Stochastic is 70 (neutral).
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.
SIRI PE vs Communication Services Sector
| Metric | SIRI | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 16x | 21% below |
| PE % | 33 | 26 | 7 pts above |
SIRI has the edge over RDDT on valuation relative to its sector.
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 |
SIRI has stronger trend alignment. RDDT is above 0 of 4 weekly averages versus SIRI above 5 of 5.
SIRI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $28.2 | 12% above |
| 20 week MA | $28.9 | 9.9% above |
| 50 week MA | $25.8 | 23% above |
| 100 week MA | $24.2 | 31% above |
| 200 week MA | $31.7 | 0.1% above |
SIRI has climbed back above all five of its weekly moving averages, and it's now 0.1% above 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.
SIRI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $71.4 | $63.1 | -12% |
| 2021 | $63.1 | $64.3 | +1.9% |
| 2022 | $64.3 | $58.4 | -9.2% |
| 2023 | $58.4 | $54.7 | -6.3% |
| 2024 | $54.7 | $23.1 | -58% |
| 2025 | $23.1 | $20.6 | -11% |
| 2026 YTD | $20.6 | $31.7 | +54% |
SIRI has the edge over RDDT on returns for 2026, with the stronger performance.