RDDT Q1 2025 Earnings — Income Statement Breakdown
For its Q1 2025 period (ending 2025-03-31), RDDT reported revenue of $392M, gross profit of $355M (90.5% gross margin), operating income of $4M, and net income of $26M (6.7% net margin). The flow of revenue into costs and profit is visualized below.
What changed
RDDT was profitable; revenue grew 61.5% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +61.5% | +104.5% | +243.4 pp |
| Quarter over quarter | −8.3% | −63.2% | −9.9 pp |
Consensus estimate data is not available for this report.
RDDT Q1 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $392M | 100% |
| Cost of Revenue | −$37M | 9.5% |
| Gross Profit | $355M | 90.5% |
| Research & Development | −$191M | 48.7% |
| Selling, General & Administrative | −$160M | 40.8% |
| Operating Income | $4M | 1.0% |
| Other Income, net | $21M | 5.2% |
| Income Tax Expense | $2M | 0.4% |
| Net Income | $26M | 6.7% |
Source: original SEC filing (filed 2025-05-01). Accession 0001713445-25-000100. Data normalized by EarningsFyi.