RDDT
Reddit, Inc.
RDDT has the edge over SNAP overall, supported by stronger fundamentals and stronger modeled upside.
SNAP
Snap Inc.
SNAP 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.
SNAP Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Healthy | |
| Weak |
SNAP's revenue and cash flow are currently healthy, and its profitability 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's PE is 20x, but its earnings don't support one, so it isn't a reliable read right now.
SNAP PE Valuation
SNAP has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 34x next year's earnings.
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.
SNAP Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Low |
Analysts expect SNAP to return to profit, with revenue growing. 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 SNAP down 131%.
SNAP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.15 | — |
| Q3 2026 | -$0.09 | +$0.20 |
| Q2 2026 | -$0.18 | +$0.14 |
| Q1 2026 | -$0.24 | +$0.07 |
| Q4 2025 | -$0.27 | +$0.15 |
| Q3 2025 | -$0.29 | +$0.28 |
| Q2 2025 | -$0.32 | +$0.39 |
| Q1 2025 | -$0.31 | +$0.49 |
| Q4 2024 | -$0.42 | +$0.40 |
SNAP is still losing money, but far less than before: $0.09 per share over the past year, against $0.89 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 SNAP 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 SNAP on profitability, with a higher operating margin.
SNAP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.7B | +14% |
| Q2 2026 | $1.6B | +19% |
| Q1 2026 | $1.5B | +12% |
| Q4 2025 | $1.7B | +10% |
| Q3 2025 | $1.5B | +9.8% |
| Q2 2025 | $1.3B | +8.7% |
| Q1 2025 | $1.4B | +14% |
| Q4 2024 | $1.6B | +14% |
SNAP's revenue has grown year over year for 13 quarters in a row: $1.7B last quarter, up 14% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.5% | +13 points |
| Q2 2026 | -11% | +8.6 points |
| Q1 2026 | -4.9% | +9.4 points |
| Q4 2025 | 2.9% | +4.6 points |
| Q3 2025 | -8.5% | +4.1 points |
| Q2 2025 | -19% | +1.2 points |
| Q1 2025 | -14% | +14 points |
| Q4 2024 | -1.7% | +17 points |
SNAP's operating margin was 4.5% last quarter, up 13 points from the same quarter a year ago, near the top of its range since 2019.
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 generated $1.2B in free cash flow over the past year, up 135% from the year before.
SNAP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $164.5M | +76% |
| Q2 2026 | $120.5M | +407% |
| Q1 2026 | $286M | +150% |
| Q4 2025 | $205.6M | +13% |
| Q3 2025 | $93.4M | +30% |
| Q2 2025 | $23.8M | +$97.2M |
| Q1 2025 | $114.4M | +202% |
| Q4 2024 | $182.4M | +65% |
SNAP generated $777M in free cash flow over the past year, up 88% 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 SNAP 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 | — |
SNAP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.2% | +36.7M shares |
| 1 year | +0.2% | +3.6M shares |
| 3 years | +4.6% | +74.3M shares |
| 5 years | +7.5% | +119M shares |
| Available history | +24% | +325M shares |
SNAP has 1.7B diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $250.5M |
| Q1 2026 | $350.5M |
| Q4 2025 | $250.3M |
| Q3 2025 | — |
| Q2 2025 | $243.5M |
| Q1 2025 | $257.1M |
| Q4 2024 | — |
SNAP spent $851M buying back its own shares over the past year, up 70% 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 SNAP on leverage, with a lower net debt burden relative to earnings.
SNAP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 40.5x | High |
SNAP's net debt is more than 20 years of its operating earnings (EBITDA).
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).
SNAP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.4 | Neutral |
| Stochastic | 21.9 | Neutral |
SNAP's weekly RSI is 46 (neutral) and its Stochastic is 22 (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.
SNAP PE vs Communication Services Sector
SNAP 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 |
SNAP has stronger trend alignment. RDDT is above 0 of 4 weekly averages versus SNAP above 0 of 5.
SNAP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $5.65 | 7.6% below |
| 20 week MA | $5.32 | 1.9% below |
| 50 week MA | $5.69 | 8.3% below |
| 100 week MA | $7.30 | 28% below |
| 200 week MA | $9.54 | 45% below |
SNAP is in a downtrend: it's below all five of its weekly moving averages, and 45% 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.
SNAP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $16.0 | $50.2 | +213% |
| 2021 | $50.2 | $48.7 | -2.9% |
| 2022 | $48.7 | $8.58 | -82% |
| 2023 | $8.58 | $16.9 | +97% |
| 2024 | $16.9 | $11.0 | -35% |
| 2025 | $11.0 | $7.86 | -28% |
| 2026 YTD | $7.86 | $5.22 | -34% |
SNAP has the edge over RDDT on returns for 2026, with the stronger performance.