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.
UPXI
Upexi, Inc.
There isn't enough reported data to score UPXI yet.
RDDT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
RDDT's revenue, profitability, cash flow and balance sheet are all currently healthy.
UPXI Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| Weak | |
| Under pressure |
UPXI's revenue, profitability, cash flow and balance sheet are all currently 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.
UPXI PE Valuation
UPXI 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.
UPXI Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| -- | |
| Limited | |
| High |
Analysts expect UPXI'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 stronger earnings trend. Trailing diluted EPS is down 39% for RDDT versus UPXI down 185%.
UPXI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q1 2025 | -$20.99 | +$3.61 |
| Q4 2024 | -$22.12 | +$0.68 |
| Q3 2024 | -$23.28 | -$5.88 |
| Q2 2024 | -$23.13 | -$3.93 |
| Q1 2024 | -$24.60 | -$19.00 |
| Q4 2023 | -$22.80 | -$19.40 |
| Q3 2023 | -$17.40 | -$11.00 |
| Q2 2023 | -$19.20 | -$16.60 |
UPXI lost $20.99 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 UPXI 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'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.
UPXI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.5M | -62% |
| Q2 2026 | $3.1M | -27% |
| Q1 2026 | $4.6M | +44% |
| Q4 2025 | $8.1M | +101% |
| Q3 2025 | $9.2M | +112% |
| Q1 2025 | $3.2M | -78% |
| Q4 2024 | $4M | -82% |
| Q3 2024 | $4.4M | -84% |
UPXI's revenue has slid since its 2023 peak: $3M last quarter, down 62% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2649% | +1901 points |
| Q2 2026 | -884% | -733 points |
| Q1 2026 | -2343% | -2230 points |
| Q4 2025 | -2178% | -2151 points |
| Q3 2025 | 748% | +779 points |
| Q2 2025 | -152% | N/A |
| Q1 2025 | -114% | -79 points |
| Q4 2024 | -27% | -19 points |
UPXI has the edge over RDDT on profitability, with a higher operating margin.
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 UPXI on cash generation, producing positive trailing cash flow while its opponent burns cash.
UPXI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$8.2M | +$1.6M |
| Q2 2026 | -$3.7M | +$757.8K |
| Q1 2026 | -$4.8M | -$4M |
| Q4 2025 | -$2.7M | -$1.3M |
| Q3 2025 | -$9.8M | -$7.7M |
| Q2 2025 | -$4.5M | -283% |
| Q1 2025 | -$809.3K | +$171.3K |
| Q4 2024 | -$1.4M | -$1.2M |
UPXI has burned cash in most quarters: −$19M over the past year, against −$16M 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 UPXI 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 | — |
UPXI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +105% | +68.9M shares |
| 1 year | +9957% | +133M shares |
| 3 years | +14820% | +133M shares |
| 5 years | +18388% | +134M shares |
| Available history | +18388% | +134M shares |
UPXI has 134M diluted shares, up 9957% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q2 2024 | — |
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
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.
UPXI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | 3.3x | Elevated |
| Q4 2023 | 18.7x | High |
| Q2 2022 | -21.3x | Net Cash |
| Q1 2022 | -1.2x | Net Cash |
| Q4 2021 | -1.4x | Net Cash |
| Q3 2021 | -3.6x | Net Cash |
| Q2 2021 | -6.6x | Net Cash |
| Q1 2021 | 2.1x | Moderate |
UPXI's net debt is about 3.3 years of its operating earnings (EBITDA), after holding more cash than debt 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).
UPXI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 35.1 | Neutral |
| Stochastic | 4.6 | Oversold |
UPXI's weekly RSI is 35 (neutral) and its Stochastic is 5 (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.
UPXI PE vs Communication Services Sector
UPXI 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 |
UPXI has stronger trend alignment. RDDT is above 0 of 4 weekly averages versus UPXI above 0 of 5.
UPXI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $0.91 | 30% below |
| 20 week MA | $0.92 | 30% below |
| 50 week MA | $1.20 | 47% below |
| 100 week MA | $3.43 | 81% below |
| 200 week MA | $16.8 | 96% below |
UPXI is in a downtrend: it's below all five of its weekly moving averages, and 96% 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 UPXI on returns for 2026, with the stronger performance.
UPXI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $157.2 | $84.6 | -46% |
| 2022 | $84.6 | $62.0 | -27% |
| 2023 | $62.0 | $23.2 | -63% |
| 2024 | $23.2 | $3.86 | -83% |
| 2025 | $3.86 | $1.87 | -52% |
| 2026 YTD | $1.87 | $0.64 | -66% |
UPXI has finished every year since 2021 lower, and it's down 66% so far in 2026.