Roku Financials
This page shows Roku (ROKU) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Roku has an operating margin of 0.1%, meaning the company retains $0 of operating profit per $100 of revenue. This below-average margin results in a low score of 1/100, suggesting thin profitability after operating expenses. This is up from -5.3% the prior year.
Roku's revenue declined 99.9% year-over-year, from $4.1B to $4.1M. This contraction results in a growth score of 0/100.
Roku carries a low D/E ratio of 0.67, meaning only $0.67 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 86/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.75, Roku holds $2.75 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 90/100.
Roku has a free cash flow margin of 11.5%, earning a moderate score of 58/100. The company generates positive cash flow after capital investments, but with room for improvement.
Roku generates a 3.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 13/100.
Roku scores 4498.61, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($13.3B) relative to total liabilities ($1.8M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Roku passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Roku generates $5.47 in operating cash flow ($484K OCF vs $88K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Roku earns $3.0 in operating income for every $1 of interest expense ($6K vs $2K). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Roku generated $4.1M in revenue in fiscal year 2025. This represents a decrease of 99.9% from the prior year.
Roku's EBITDA was $6K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 100.0% from the prior year.
Roku generated $478K in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 99.8% from the prior year.
Roku reported $88K in net income in fiscal year 2025. This represents an increase of 100.1% from the prior year.
Roku earned $0.59 per diluted share (EPS) in fiscal year 2025. This represents an increase of 166.3% from the prior year.
Roku held $1.6M in cash against $0 in long-term debt as of fiscal year 2025.
Roku had 131M shares outstanding in fiscal year 2025. This represents a decrease of 10.4% from the prior year.
Roku's gross margin was 52.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 8.1 percentage points from the prior year.
Roku's operating margin was 0.1% in fiscal year 2025, reflecting core business profitability. This is up 5.4 percentage points from the prior year.
Roku's net profit margin was 2.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 5.3 percentage points from the prior year.
Roku's ROE was 3.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Roku invested $729K in research and development in fiscal year 2025. This represents a decrease of 99.9% from the prior year.
Roku spent $150K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Roku invested $5K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 99.9% from the prior year.
ROKU Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4B+15.2% | $1.2B+9.0% | $1.1B+8.9% | $1.0B-15.0% | $1.2B+13.1% | $1.1B+9.7% | $968.2M+9.8% | $881.5M |
| Cost of Revenue | $788.1M+14.9% | $685.7M+11.8% | $613.4M+6.6% | $575.6M-16.4% | $688.5M+18.3% | $582.1M+7.1% | $543.5M+10.2% | $493.2M |
| Gross Profit | $606.8M+15.6% | $524.9M+5.5% | $497.7M+11.8% | $445.0M-13.2% | $512.6M+6.8% | $480.1M+13.0% | $424.7M+9.4% | $388.3M |
| R&D Expenses | $184.6M+1.3% | $182.2M+2.4% | $178.0M-3.6% | $184.6M-0.4% | $185.4M+3.7% | $178.8M+1.9% | $175.5M-2.8% | $180.5M |
| SG&A Expenses | $100.9M+10.7% | $91.1M-8.6% | $99.7M+5.5% | $94.5M+0.1% | $94.4M-5.6% | $100.0M+1.2% | $98.8M+27.1% | $77.7M |
| Operating Income | $66.0M+596.9% | $9.5M+140.6% | -$23.3M+59.6% | -$57.7M-47.6% | -$39.1M-9.4% | -$35.8M+49.8% | -$71.2M+1.1% | -$72.0M |
| Interest Expense | $558K+22.6% | $455K-1.1% | $460K+6.2% | $433K+8.0% | $401K | $0 | $0-100.0% | $10K |
| Income Tax | $11.2M-15.0% | $13.2M+326.7% | -$5.8M+55.4% | -$13.1M-235.2% | $9.7M+133.3% | $4.1M+145.3% | -$9.2M-292.3% | $4.8M |
| Net Income | $80.5M+224.3% | $24.8M+136.2% | $10.5M+138.3% | -$27.4M+22.8% | -$35.5M-293.7% | -$9.0M+73.4% | -$34.0M+33.2% | -$50.9M |
| EPS (Diluted) | $0.55+243.8% | $0.16+128.6% | $0.07+136.8% | $-0.19+20.8% | $-0.24-300.0% | $-0.06+75.0% | $-0.24+31.4% | $-0.35 |
ROKU Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.4B+0.8% | $4.4B+2.7% | $4.3B+2.4% | $4.2B-2.9% | $4.3B0.0% | $4.3B+4.8% | $4.1B-1.1% | $4.2B |
| Current Assets | $3.4B+2.2% | $3.3B+5.4% | $3.2B+0.4% | $3.1B-2.7% | $3.2B+1.5% | $3.2B+7.0% | $3.0B-0.6% | $3.0B |
| Cash & Equivalents | $1.6B+0.7% | $1.6B-30.1% | $2.3B-0.1% | $2.3B+4.4% | $2.2B+1.6% | $2.1B+3.3% | $2.1B+0.1% | $2.1B |
| Inventory | $114.6M-18.5% | $140.7M+24.8% | $112.7M-16.7% | $135.3M-14.5% | $158.3M-17.2% | $191.2M+98.5% | $96.4M+1.9% | $94.5M |
| Accounts Receivable | $879.9M+18.0% | $745.4M+18.6% | $628.5M-3.3% | $650.2M-20.0% | $812.5M+11.3% | $729.9M+9.1% | $669.1M-6.6% | $716.7M |
| Goodwill | $309.4M0.0% | $309.4M0.0% | $309.4M+91.6% | $161.5M0.0% | $161.5M0.0% | $161.5M0.0% | $161.5M0.0% | $161.5M |
| Total Liabilities | $1.8B+0.2% | $1.8B+4.8% | $1.7B+2.3% | $1.7B-8.7% | $1.8B-1.7% | $1.8B+7.5% | $1.7B-4.6% | $1.8B |
| Current Liabilities | $1.2B+1.8% | $1.2B+9.7% | $1.1B+0.8% | $1.1B-10.8% | $1.2B-0.7% | $1.2B+13.1% | $1.1B-5.4% | $1.2B |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $2.7B+1.3% | $2.6B+1.3% | $2.6B+2.6% | $2.5B+1.3% | $2.5B+1.3% | $2.5B+2.9% | $2.4B+1.5% | $2.4B |
| Retained Earnings | -$1.5B-1.3% | -$1.5B-1.7% | -$1.4B+0.7% | -$1.5B-1.9% | -$1.4B-2.6% | -$1.4B-0.7% | -$1.4B-2.5% | -$1.3B |
ROKU Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $107.7M-15.6% | $127.6M+16.3% | $109.7M-20.9% | $138.7M+75.0% | $79.3M+15.5% | $68.7M+193.4% | $23.4M-49.9% | $46.7M |
| Capital Expenditures | $1.1M-4.0% | $1.1M+1.2% | $1.1M-41.9% | $1.9M-21.4% | $2.5M+132.8% | $1.1M+20.7% | $875K+30.2% | $672K |
| Free Cash Flow | $106.6M-15.7% | $126.5M+16.4% | $108.6M-20.6% | $136.8M+78.0% | $76.8M+13.6% | $67.6M+200.1% | $22.5M-51.0% | $46.0M |
| Investing Cash Flow | $38.9M+105.4% | -$726.1M-742.3% | -$86.2M-865.3% | -$8.9M-263.3% | -$2.5M+88.3% | -$21.1M-2306.4% | -$875K-30.2% | -$672K |
| Financing Cash Flow | -$133.3M-70.5% | -$78.2M-140.7% | -$32.5M+9.9% | -$36.1M-11.1% | -$32.5M-36.5% | -$23.8M-25.2% | -$19.0M-36.3% | -$13.9M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $100.0M+100.0% | $50.0M | N/A | N/A | $0 | N/A | N/A | N/A |
ROKU Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.5%+0.1pp | 43.4%-1.4pp | 44.8%+1.2pp | 43.6%+0.9pp | 42.7%-2.5pp | 45.2%+1.3pp | 43.9%-0.2pp | 44.0% |
| Operating Margin | 4.7%+4.0pp | 0.8%+2.9pp | -2.1%+3.6pp | -5.7%-2.4pp | -3.3%+0.1pp | -3.4%+4.0pp | -7.4%+0.8pp | -8.2% |
| Net Margin | 5.8%+3.7pp | 2.1%+1.1pp | 0.9%+3.6pp | -2.7%+0.3pp | -3.0%-2.1pp | -0.9%+2.7pp | -3.5%+2.3pp | -5.8% |
| Return on Equity | 3.0%+2.1pp | 0.9%+0.5pp | 0.4% | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 1.8%+1.3pp | 0.6%+0.3pp | 0.3%+0.9pp | -0.7%+0.2pp | -0.8%-0.6pp | -0.2%+0.6pp | -0.8%+0.4pp | -1.2% |
| Current Ratio | 2.75+0.0 | 2.74-0.1 | 2.85-0.0 | 2.86+0.2 | 2.62+0.1 | 2.57-0.1 | 2.72+0.1 | 2.58 |
| Debt-to-Equity | 0.670.0 | 0.68+0.0 | 0.650.0 | 0.65-0.1 | 0.73-0.0 | 0.75+0.0 | 0.72-0.0 | 0.76 |
| FCF Margin | 7.6%-2.8pp | 10.4%+0.7pp | 9.8%-3.6pp | 13.4%+7.0pp | 6.4%+0.0pp | 6.4%+4.0pp | 2.3%-2.9pp | 5.2% |
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Frequently Asked Questions
What is Roku's annual revenue?
Roku (ROKU) reported $4.1M in total revenue for fiscal year 2025. This represents a -99.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Roku's revenue growing?
Roku (ROKU) revenue declined by 99.9% year-over-year, from $4.1B to $4.1M in fiscal year 2025.
Is Roku profitable?
Yes, Roku (ROKU) reported a net income of $88K in fiscal year 2025, with a net profit margin of 2.1%.
What is Roku's earnings per share (EPS)?
Roku (ROKU) reported diluted earnings per share of $0.59 for fiscal year 2025. This represents a 166.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Roku's EBITDA?
Roku (ROKU) had EBITDA of $6K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Roku's gross margin?
Roku (ROKU) had a gross margin of 52.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Roku's operating margin?
Roku (ROKU) had an operating margin of 0.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Roku's net profit margin?
Roku (ROKU) had a net profit margin of 2.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Roku's return on equity (ROE)?
Roku (ROKU) has a return on equity of 3.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Roku's free cash flow?
Roku (ROKU) generated $478K in free cash flow during fiscal year 2025. This represents a -99.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Roku's operating cash flow?
Roku (ROKU) generated $484K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Roku's total assets?
Roku (ROKU) had $4.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Roku's capital expenditures?
Roku (ROKU) invested $5K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Roku spend on research and development?
Roku (ROKU) invested $729K in research and development during fiscal year 2025.
Does Roku buy back shares?
Yes, Roku (ROKU) spent $150K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Roku have outstanding?
Roku (ROKU) had 131M shares outstanding as of fiscal year 2025.
What is Roku's current ratio?
Roku (ROKU) had a current ratio of 2.75 as of fiscal year 2025, which is generally considered healthy.
What is Roku's debt-to-equity ratio?
Roku (ROKU) had a debt-to-equity ratio of 0.67 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Roku's return on assets (ROA)?
Roku (ROKU) had a return on assets of 2.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Roku's Altman Z-Score?
Roku (ROKU) has an Altman Z-Score of 4498.61, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Roku's Piotroski F-Score?
Roku (ROKU) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Roku's earnings high quality?
Roku (ROKU) has an earnings quality ratio of 5.47x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Roku cover its interest payments?
Roku (ROKU) has an interest coverage ratio of 3.0x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Roku?
Roku (ROKU) scores 41 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.