RDDT
Reddit, Inc.
RDDT has the edge over ZDGE overall, supported by stronger fundamentals and stronger modeled upside.
ZDGE
Zedge, Inc.
ZDGE 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.
ZDGE Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Strong | |
| Strong |
ZDGE's cash flow and balance sheet are currently strong, and its revenue and profitability 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.
ZDGE PE Valuation
ZDGE 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 |
RDDT has the edge over ZDGE on the outlook, with more favorable profitability expectations.
ZDGE Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for ZDGE, with profitability holding steady.
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 ZDGE down 106%.
ZDGE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.15 | — |
| Q3 2026 | -$0.01 | +$0.16 |
| Q2 2026 | -$0.09 | +$0.04 |
| Q1 2026 | -$0.15 | -$0.02 |
| Q4 2025 | -$0.09 | +$0.58 |
| Q3 2025 | -$0.17 | +$0.48 |
| Q1 2023 | $0.45 | -30% |
| Q4 2022 | $0.50 | -23% |
| Q3 2022 | $0.65 | +10% |
ZDGE is still losing money, but far less than before: $0.01 per share over the past year, against $0.67 at its worst in late 2024.
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 ZDGE 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 ZDGE on profitability, with a higher operating margin.
ZDGE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $7.8M | +4% |
| Q2 2026 | $8M | +3% |
| Q1 2026 | $8.3M | +18% |
| Q4 2025 | $7.6M | +5.8% |
| Q3 2025 | $7.5M | -1.5% |
| Q2 2025 | $7.8M | +1.3% |
| Q1 2025 | $7M | -10% |
| Q4 2024 | $7.2M | +1.6% |
ZDGE's revenue has grown year over year for four quarters in a row: $8M last quarter, up 4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 3.3% | +13 points |
| Q2 2026 | 13% | +11 points |
| Q1 2026 | -35% | -3.2 points |
| Q4 2025 | 12% | +18 points |
| Q3 2025 | -9.6% | -8.7 points |
| Q2 2025 | 2.1% | +3.8 points |
| Q1 2025 | -32% | +122 points |
| Q4 2024 | -6.3% | -11 points |
ZDGE's operating margin was 3.3% last quarter, up 13 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 ZDGE on cash flow, with more consistent year-over-year improvement.
ZDGE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.7M | +158% |
| Q2 2026 | $1.2M | +43% |
| Q1 2026 | $855K | +24% |
| Q4 2025 | $808K | -30% |
| Q3 2025 | $640K | -6.3% |
| Q2 2025 | $851K | -63% |
| Q1 2025 | $689K | -56% |
| Q4 2024 | $1.2M | -6.4% |
ZDGE's free cash flow has been positive every quarter for six years: $5M over the past year, up 36% 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 202M diluted shares, about the same as a year ago.
| 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 | — |
ZDGE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.1% | -279K shares |
| 1 year | -5.4% | -743K shares |
| 3 years | -8.9% | -1.3M shares |
| 5 years | +4% | +497K shares |
| Available history | +27% | +2.8M shares |
ZDGE has the edge over RDDT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $784,000 |
| Q2 2026 | $253,000 |
| Q1 2026 | $87,000 |
| Q4 2025 | $789,000 |
| Q3 2025 | $2.4M |
| Q2 2025 | $536,000 |
| Q1 2025 | $690,000 |
| Q4 2024 | $804,000 |
ZDGE spent $2M buying back its own shares over the past year, down 57% 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 more cash than debt.
ZDGE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -333.4x | Net Cash |
| Q2 2023 | -17.2x | Net Cash |
| Q1 2023 | -1.5x | Net Cash |
| Q4 2022 | -1.4x | Net Cash |
| Q3 2022 | -1.2x | Net Cash |
| Q2 2022 | -1.6x | Net Cash |
| Q1 2022 | -2.7x | Net Cash |
| Q4 2021 | -2.6x | Net Cash |
ZDGE has the edge over RDDT on leverage, with a lower net debt burden relative to earnings.
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).
ZDGE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.9 | Neutral |
| Stochastic | 17.8 | Oversold |
ZDGE's weekly RSI is 48 (neutral) and its Stochastic is 18 (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.
ZDGE PE vs Communication Services Sector
| Metric | ZDGE | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 16x | — |
ZDGE 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 |
ZDGE has stronger trend alignment. RDDT is above 0 of 4 weekly averages versus ZDGE above 2 of 5.
ZDGE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.73 | 2.6% above |
| 20 week MA | $2.89 | 3.1% below |
| 50 week MA | $3.04 | 7.9% below |
| 100 week MA | $2.96 | 5.4% below |
| 200 week MA | $2.78 | 0.7% above |
ZDGE's trend is mixed: it's above two of its five weekly moving averages, and 0.7% 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.
ZDGE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $1.59 | $5.66 | +256% |
| 2021 | $5.66 | $9.61 | +70% |
| 2022 | $9.61 | $1.85 | -81% |
| 2023 | $1.85 | $2.35 | +27% |
| 2024 | $2.35 | $3.11 | +32% |
| 2025 | $3.11 | $3.54 | +14% |
| 2026 YTD | $3.54 | $2.80 | -21% |
ZDGE has the edge over RDDT on returns for 2026, with the stronger performance.