RDDT
Reddit, Inc.
RDDT's fundamentals are strong: revenue grew 62% and its operating margin rose 16 points to 29%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
TC
Token Cat Limited
There isn't enough reported data to score TC yet.
RDDT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
RDDT's revenue, profitability, cash flow and balance sheet are all currently healthy.
TC Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Under pressure | |
| Unavailable | |
| Unavailable |
TC's profitability is currently under pressure. There isn't enough data to rate its revenue, cash flow and balance sheet.
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.
TC PE Valuation
TC 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.
TC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| -- | |
| Limited | |
| High |
Analysts expect TC's losses to shrink, with revenue growing.
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 edge over TC in the latest year-over-year earnings comparison.
TC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2025 | -$0.78 | +$4.92 |
| Q4 2024 | -$1.08 | +$7.92 |
| Q2 2024 | -$5.70 | +$13.21 |
| Q4 2023 | -$9.00 | +$14.41 |
| Q4 2022 | -$23.41 | -$8.55 |
| Q4 2021 | -$14.86 | +$9.25 |
| Q4 2020 | -$24.11 | +$128.94 |
| Q4 2019 | -$153.05 | +$14.97 |
TC lost $0.78 per share over the past year, a smaller loss than the year before.
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 TC in the latest year-over-year revenue comparison.
| 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's operating margin was 29% last quarter, up 5.5 points from the same quarter a year ago, near the top of its range since 2020.
TC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2025 | $3M | -39% |
| Q4 2024 | $2.5M | -76% |
| Q2 2024 | $4.8M | -65% |
| Q4 2023 | $10.5M | -25% |
| Q2 2023 | $13.8M | +3.3% |
| Q4 2022 | $14.1M | -74% |
| Q4 2021 | $53.7M | +8.3% |
| Q4 2020 | $49.6M | -49% |
TC's revenue has slid since its 2018 peak: $3M last quarter, down 79% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2025 | -207% | -147 points |
| Q4 2024 | -252% | -172 points |
| Q2 2024 | -147% | -97 points |
| Q4 2023 | -94% | -63 points |
| Q2 2023 | -60% | -8 points |
| Q4 2022 | -80% | -39 points |
| Q2 2022 | -50% | -39 points |
| Q4 2021 | -31% | N/A |
TC's operating margin was −207% last quarter, down 147 points from the same quarter a year ago, near the bottom of its range since 2018.
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.
TC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q4 2022 | -$8.2M | +$5.8M |
| Q4 2021 | -$14M | -$348.3K |
| Q4 2020 | -$13.6M | +$12.6M |
| Q4 2019 | -$26.3M | -$15.2M |
TC has burned cash in almost every quarter: −$22M over the past year, against −$65M 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 TC 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 | — |
TC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +8.5% | +2.2M shares |
| 1 year | +2018% | +26.9M shares |
TC has 28M diluted shares, up 2018% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2019 | $2.1M |
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.
TC Net Leverage
TC's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
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).
TC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 20.4 | Oversold |
| Stochastic | 0.6 | Oversold |
TC's weekly RSI is 20 (oversold) and its Stochastic is 1 (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.
TC PE vs Communication Services Sector
TC 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 |
TC has stronger trend alignment. RDDT is above 0 of 4 weekly averages versus TC above 0 of 5.
TC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.31 | 37% below |
| 20 week MA | $1.79 | 54% below |
| 50 week MA | $6.92 | 88% below |
| 100 week MA | $11.3 | 93% below |
| 200 week MA | $53.2 | 98% below |
TC is in a downtrend: it's below all five of its weekly moving averages, and 98% 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 the edge over TC on returns for 2026, with the stronger performance.
TC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $2,040.0 | $1,089.0 | -47% |
| 2021 | $1,089.0 | $798.0 | -27% |
| 2022 | $798.0 | $261.0 | -67% |
| 2023 | $261.0 | $61.0 | -77% |
| 2024 | $61.0 | $21.0 | -66% |
| 2025 | $21.0 | $7.09 | -66% |
| 2026 YTD | $7.09 | $0.83 | -88% |
TC has finished every year since 2020 lower, and it's down 88% so far in 2026.