https://www.investing.com/news/company- ... CH-4067731
Reddit, Inc. (NYSE: RDDT), known for its vast network of online communities, is slated to become a constituent of the Russell indexes, a move that will take effect at the close of business on June 27, 2025. The announcement follows the preliminary list of additions to the Russell indexes, which was published on May 23, 2025.
The company, currently valued at $19.3 billion, has demonstrated impressive financial health with a 90.82% gross profit margin and robust revenue growth of 64.12% over the last twelve months, according to InvestingPro data.
The inclusion in the Russell 3000 Index, and by extension either the Russell 2000 or Russell 1000 Index, is determined by FTSE Russell based on market-capitalization rankings and style attributes.
This event marks a significant milestone for Reddit, which has been publicly traded since March 2024 and is recognized as one of the most visited websites globally. The company maintains strong financial stability with a current ratio of 12.46, indicating excellent liquidity management.