RDDT Q4 2024 Earnings — Income Statement Breakdown
For its Q4 2024 period (ending 2024-12-31), RDDT reported revenue of $428M, gross profit of $396M (92.6% gross margin), operating income of $53M, and net income of $71M (16.6% net margin). The flow of revenue into costs and profit is visualized below.
What changed
RDDT was profitable; revenue grew 22.8% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +22.8% | +138.0% | +8.0 pp |
Consensus estimate data is not available for this report.
RDDT Q4 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $428M | 100% |
| Cost of Revenue | −$32M | 7.4% |
| Gross Profit | $396M | 92.6% |
| Research & Development | −$189M | 44.1% |
| Selling, General & Administrative | −$154M | 36.1% |
| Operating Income | $53M | 12.4% |
| Other Income, net | $17M | 4.0% |
| Income Tax Expense | $1M | 0.2% |
| Net Income | $71M | 16.6% |
Source: original SEC filing (filed 2025-02-12). Accession 0001713445-25-000016. Data normalized by EarningsFyi.