ROKU · Roku, Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $4.74B | $4.11B | $3.48B | $3.13B | $2.76B | $1.78B |
| Cost of Revenue | $2.66B | $2.31B | $1.96B | $1.69B | $1.36B | $970.17M |
| Gross Profit | $2.07B | $1.81B | $1.52B | $1.44B | $1.41B | $808.22M |
| R&D | $729.48M | $720.14M | $878.47M | $788.91M | $461.60M | $355.78M |
| SG&A | $386.22M | $370.95M | $403.16M | $344.68M | $256.30M | $173.23M |
| Total Operating Expenses | $2.08B | $2.02B | $2.31B | $1.97B | $1.17B | $828.47M |
| D&A | $45.60M | $48.50M | $53.30M | $31.00M | $25.40M | $21.70M |
| Operating Income | ($5.62M) | ($218.17M) | ($792.38M) | ($530.89M) | $235.10M | ($20.25M) |
| Interest Expense | $1.91M | $411.0K | - | - | - | - |
| Income Tax | $5.54M | $9.43M | $10.13M | $5.72M | ($5.80M) | ($945.0K) |
| Net Income | $88.36M | ($129.39M) | ($709.56M) | ($498.00M) | $242.38M | ($17.51M) |
| EPS - Basic | $0.60 | ($0.89) | ($5.01) | ($3.62) | ($0.14) | - |
| EPS - Diluted | $0.59 | ($0.89) | ($5.01) | ($3.62) | ($0.14) | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.59B | $2.16B | $2.03B | $1.96B | $2.15B | $1.09B |
| Accounts Receivable | $879.87M | $812.51M | $816.34M | $760.79M | $752.39M | $523.85M |
| Inventory | $114.64M | $158.27M | $92.13M | $106.75M | $50.28M | $53.90M |
| Accounts Payable | $158.64M | $273.99M | $385.33M | $164.80M | $124.92M | $112.31M |
| Current Assets | $3.40B | $3.23B | $3.07B | $2.96B | $3.05B | $1.70B |
| Total Assets | $4.43B | $4.30B | $4.26B | $4.41B | $4.08B | $2.27B |
| Current Liabilities | $1.24B | $1.23B | $1.28B | $1.08B | $729.62M | $520.32M |
| Long-term Debt | - | - | - | $0 | $79.98M | $89.87M |
| Total Liabilities | $1.78B | $1.81B | $1.94B | $1.77B | $1.32B | $942.53M |
| Stockholders' Equity | $2.66B | $2.49B | $2.33B | $2.65B | $2.77B | $1.33B |
| Retained Earnings | ($1.49B) | ($1.43B) | ($1.30B) | ($588.03M) | ($90.02M) | ($332.41M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $483.72M | $218.04M | $255.86M | $11.79M | $228.08M | $148.19M |
| Investing Cash Flow | ($782.37M) | ($25.06M) | ($92.62M) | ($201.70M) | ($176.82M) | ($81.32M) |
| Financing Cash Flow | ($280.10M) | ($89.20M) | ($61.24M) | $8.36M | $1.00B | $509.05M |
| CapEx | $5.28M | $5.06M | $82.62M | $161.70M | $40.04M | $82.38M |
| Free Cash Flow | $478.44M | $212.98M | $173.24M | ($149.90M) | $188.04M | $65.81M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 43.8% | 43.9% | 43.7% | 46.1% | 51.0% | 45.4% |
| Operating margin | -0.1% | -5.3% | -22.7% | -17.0% | 8.5% | -1.1% |
| EBITDA margin | 0.8% | -4.1% | -21.2% | -16.0% | 9.4% | 0.1% |
| Net margin | 1.9% | -3.1% | -20.4% | -15.9% | 8.8% | -1.0% |
| Free cash flow margin | 10.1% | 5.2% | 5.0% | -4.8% | 6.8% | 3.7% |
| FCF / Net income | 5.41 | -1.65 | -0.24 | 0.30 | 0.78 | -3.76 |
| R&D / Revenue | 15.4% | 17.5% | 25.2% | 25.2% | 16.7% | 20.0% |
| SG&A / Revenue | 8.2% | 9.0% | 11.6% | 11.0% | 9.3% | 9.7% |
| Effective tax rate | 5.9% | - | - | - | -2.5% | - |
| Return on assets | 2.0% | -3.0% | -16.6% | -11.3% | 5.9% | -0.8% |
| Return on equity | 3.3% | -5.2% | -30.5% | -18.8% | 8.8% | -1.3% |
| Return on invested capital | - | - | - | -15.8% | 8.3% | -1.1% |
| Liquidity | ||||||
| Current ratio | 2.75 | 2.62 | 2.41 | 2.74 | 4.19 | 3.26 |
| Quick ratio | 2.66 | 2.50 | 2.34 | 2.64 | 4.12 | 3.16 |
| Cash ratio | 1.28 | 1.75 | 1.59 | 1.81 | 2.94 | 2.10 |
| Leverage | ||||||
| Debt / Equity | - | - | - | 0.00 | 0.03 | 0.07 |
| Debt / Assets | - | - | - | 0.00 | 0.02 | 0.04 |
| Debt / EBITDA | - | - | - | - | 0.31 | 62.11 |
| Interest coverage | -3.0x | -530.8x | - | - | - | - |
| Equity multiplier | 1.67 | 1.73 | 1.83 | 1.67 | 1.48 | 1.71 |
| Liabilities / Assets | 0.40 | 0.42 | 0.45 | 0.40 | 0.32 | 0.42 |
| Efficiency | ||||||
| Asset turnover | 1.07 | 0.96 | 0.82 | 0.71 | 0.68 | 0.78 |
| Inventory turnover | 23.23 | 14.58 | 21.30 | 15.79 | 26.97 | 18.00 |
| Days sales outstanding | 68d | 72d | 86d | 89d | 99d | 108d |
| Days inventory outstanding | 16d | 25d | 17d | 23d | 14d | 20d |
| Days payable outstanding | 22d | 43d | 72d | 36d | 34d | 42d |
| Cash conversion cycle | 62d | 54d | 31d | 76d | 79d | 86d |
| Valuation | ||||||
| P / E | 183.9x | - | - | - | - | - |
| P / B | 6.2x | 4.3x | 5.6x | 2.1x | 10.2x | - |
| P / S | 3.5x | 2.6x | 3.7x | 1.8x | 10.2x | - |
| EV / EBITDA | 369.9x | - | - | - | 100.7x | - |
| Growth | ||||||
| Revenue growth (YoY) | 15.2% | 18.0% | 11.5% | 13.1% | 55.5% | 57.5% |
| Revenue CAGR (3y) | 14.9% | 14.2% | 25.1% | 40.4% | 90.7% | 64.6% |
| Revenue CAGR (5y) | 21.6% | 29.5% | 54.3% | 51.0% | - | - |
| Gross profit growth (YoY) | 14.9% | 18.6% | 5.7% | 2.3% | 74.3% | 63.2% |
| Operating income growth (YoY) | 97.4% | 72.5% | -49.3% | - | - | 68.9% |
| Net income growth (YoY) | - | 81.8% | -42.5% | - | - | 70.8% |
| EPS growth (YoY) | - | 82.2% | -38.4% | -2485.7% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 124.6% | 22.9% | - | - | 185.7% | - |
| FCF CAGR (5y) | 48.7% | - | - | - | - | - |
| Book value growth (YoY) | 6.6% | 7.2% | -12.1% | -4.3% | 108.3% | 90.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$4.74B totalService$4.14B · 87.5%
Product$592.37M · 12.5%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.76
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Cable & Other Pay Television Services
Comparing ROKU against the 5 most active filers in the same SIC group.