RDDT Q1 2024 Earnings — Income Statement Breakdown
For its Q1 2024 period (ending 2024-03-31), RDDT reported revenue of $243M, gross profit of $215M (88.6% gross margin), operating income of −$589M, and net income of −$575M (-236.7% net margin). The flow of revenue into costs and profit is visualized below.
What changed
RDDT reported a net loss; no comparable cached period is available.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | Not available | Not available | Not available |
Consensus estimate data is not available for this report.
RDDT Q1 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $243M | 100% |
| Cost of Revenue | −$28M | 11.4% |
| Gross Profit | $215M | 88.6% |
| Research & Development | −$437M | 179.9% |
| Selling, General & Administrative | −$368M | 151.3% |
| Operating Income | −$589M | -242.5% |
| Other Income, net | $15M | 6.0% |
| Income Tax Expense | −$365,000 | 0.2% |
| Net Income | −$575M | -236.7% |
Source: original SEC filing (filed 2024-05-07). Accession 0001713445-24-000003. Data normalized by EarningsFyi.