RDDT Q3 2024 Earnings — Income Statement Breakdown
For its Q3 2024 period (ending 2024-09-30), RDDT reported revenue of $348M, gross profit of $314M (90.1% gross margin), operating income of $7M, and net income of $30M (8.6% net margin). The flow of revenue into costs and profit is visualized below.
What changed
RDDT was profitable; revenue grew 23.9% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +23.9% | +395.6% | +12.2 pp |
Consensus estimate data is not available for this report.
RDDT Q3 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $348M | 100% |
| Cost of Revenue | −$35M | 9.9% |
| Gross Profit | $314M | 90.1% |
| Research & Development | −$167M | 47.9% |
| Selling, General & Administrative | −$140M | 40.2% |
| Operating Income | $7M | 2.0% |
| Other Income, net | $23M | 6.6% |
| Income Tax Expense | $31,000 | 0.0% |
| Net Income | $30M | 8.6% |
Source: original SEC filing (filed 2024-10-29). Accession 0001713445-24-000099. Data normalized by EarningsFyi.