RDDT Q2 2024 Earnings — Income Statement Breakdown
For its Q2 2024 period (ending 2024-06-30), RDDT reported revenue of $281M, gross profit of $252M (89.5% gross margin), operating income of −$31M, and net income of −$10M (-3.6% net margin). The flow of revenue into costs and profit is visualized below.
What changed
RDDT reported a net loss; revenue grew 15.7% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +15.7% | +98.2% | +233.1 pp |
Consensus estimate data is not available for this report.
RDDT Q2 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $281M | 100% |
| Cost of Revenue | −$30M | 10.5% |
| Gross Profit | $252M | 89.5% |
| Research & Development | −$143M | 50.8% |
| Selling, General & Administrative | −$140M | 49.8% |
| Operating Income | −$31M | -11.0% |
| Other Income, net | $21M | 7.4% |
| Income Tax Expense | $216,000 | 0.1% |
| Net Income | −$10M | -3.6% |
Source: original SEC filing (filed 2024-08-06). Accession 0001713445-24-000052. Data normalized by EarningsFyi.