RDDT
Reddit, Inc.
RDDT has the edge over SMWB overall, supported by stronger fundamentals and stronger modeled upside.
SMWB
Similarweb Ltd.
SMWB has slightly 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.
SMWB Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Strong |
SMWB's balance sheet is currently strong, and its revenue, profitability and cash flow are stable.
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.
SMWB PE Valuation
SMWB 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 |
Analysts expect strong earnings and revenue growth for RDDT, with profitability improving. However, they disagree widely on these estimates.
SMWB Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for SMWB, with profitability improving.
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 SMWB down 171%.
SMWB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.29 | — |
| Q2 2026 | -$0.25 | +$0.10 |
| Q1 2026 | -$0.35 | -$0.13 |
| Q4 2025 | -$0.39 | -$0.25 |
| Q3 2025 | -$0.37 | -$0.25 |
| Q2 2025 | -$0.35 | -$0.20 |
| Q1 2025 | -$0.22 | +$0.04 |
| Q4 2024 | -$0.14 | +$0.24 |
| Q3 2024 | -$0.12 | +$0.41 |
SMWB is still losing money, but far less than before: $0.25 per share over the past year, against $1.23 at its worst in late 2022.
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 SMWB 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 SMWB on profitability, with a higher operating margin.
SMWB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $77.2M | +8.8% |
| Q1 2026 | $73.9M | +10% |
| Q4 2025 | $72.8M | +11% |
| Q3 2025 | $71.8M | +11% |
| Q2 2025 | $71M | +17% |
| Q1 2025 | $67.1M | +14% |
| Q4 2024 | $65.6M | +16% |
| Q3 2024 | $64.7M | +18% |
SMWB's revenue has grown year over year every quarter since early 2021: $77M last quarter, up 8.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 1% | +11 points |
| Q1 2026 | -4.4% | +9.5 points |
| Q4 2025 | -6.5% | -1 points |
| Q3 2025 | -3.8% | +0.1 points |
| Q2 2025 | -9.7% | -8.1 points |
| Q1 2025 | -14% | -9.3 points |
| Q4 2024 | -5.4% | -3.5 points |
| Q3 2024 | -3.8% | +5.1 points |
SMWB's operating margin was 1% last quarter, up 11 points from the same quarter a year ago, near the top of its range since 2020.
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 SMWB on cash flow, with more consistent year-over-year improvement.
SMWB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $8.8M | +232% |
| Q1 2026 | -$71K | -102% |
| Q4 2025 | $3M | +12% |
| Q3 2025 | $3M | -66% |
| Q2 2025 | $2.7M | -58% |
| Q1 2025 | $4.4M | -55% |
| Q4 2024 | $2.7M | -24% |
| Q3 2024 | $8.7M | +$13.7M |
SMWB still generates free cash flow, though less than at its 2024 peak: $15M over the past year.
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 SMWB 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 | — |
SMWB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.7% | +619K shares |
| 1 year | +4.6% | +3.9M shares |
| 3 years | +13% | +10.3M shares |
| 5 years | +18% | +13.5M shares |
| Available history | +33% | +21.8M shares |
SMWB has 88M diluted shares, up 4.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
SMWB hasn't bought back shares in the past year.
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 more cash than debt.
SMWB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2024 | -42.9x | Net Cash |
| Q3 2024 | -4.3x | Net Cash |
| Q2 2024 | -11.6x | Net Cash |
SMWB has more cash than debt.
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).
SMWB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.9 | Neutral |
| Stochastic | 52.0 | Neutral |
SMWB's weekly RSI is 55 (neutral) and its Stochastic is 52 (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.
SMWB PE vs Communication Services Sector
SMWB 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 |
SMWB has stronger trend alignment. RDDT is above 0 of 4 weekly averages versus SMWB above 4 of 5.
SMWB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.34 | 4.6% below |
| 20 week MA | $7.94 | 0.3% above |
| 50 week MA | $5.82 | 37% above |
| 100 week MA | $7.67 | 3.8% above |
| 200 week MA | $7.43 | 7.1% above |
SMWB's trend is up, with a small recent dip: it's below only its 8-week average, and 7.1% 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.
SMWB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $21.3 | $18.3 | -14% |
| 2022 | $18.3 | $5.30 | -71% |
| 2023 | $5.30 | $5.33 | +0.6% |
| 2024 | $5.33 | $14.4 | +170% |
| 2025 | $14.4 | $7.14 | -50% |
| 2026 YTD | $7.14 | $7.96 | +11% |
SMWB has the edge over RDDT on returns for 2026, with the stronger performance.