ROKU

MKT CAP:$17B

Roku, Inc.

Market Cap

$17B

Communication Services·Entertainment·🇺🇸 United States·NASDAQ

Communication·Entertainment·🇺🇸·NASDAQ

Stock Price

$115.54+$6.82 (+6.27%)

Apr 20, 2026

Company Details

Roku, Inc., together with its subsidiaries, operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live TV, ne...

CEO

Anthony J. Wood

IPO Date

Sep 28, 2017

Website

www.roku.com

Key Metrics TTM

Revenue

$4.7B

+15.2% YoY

Net Income

$88M

EPS (Diluted)

$0.57

Free Cash Flow

$594M

Revenue / Share

$31.11

Gross Margin

43.8%

Operating Margin

-0.1%

Net Margin

1.9%

FCF Margin

12.5%

P/S

3.6x

P/E

191.9x

Earnings Reports

Q1 2026

May 7, 2026

PENDING

FY 2025

Feb 13, 2026

$4.7B+15.2%EPS $0.59

Q4 2025

Feb 13, 2026

$1.4B+16.1%EPS $0.53

Q3 2025

Oct 31, 2025

$1.2B+14.0%EPS $0.16

Q2 2025

Aug 1, 2025

$1.1B+14.8%EPS $0.07

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$734M	$365M	-$23M
Q2 22	$764M	$355M	-$111M
Q3 22	$761M	$357M	-$147M
Q4 22	$867M	$364M	-$250M
Q1 23	$741M	$338M	-$212M
Q2 23	$847M	$378M	-$126M
Q3 23	$912M	$369M	-$350M
Q4 23	$984M	$438M	-$104M
Q1 24	$881M	$388M	-$72M
Q2 24	$968M	$425M	-$71M
Q3 24	$1.1B	$480M	-$36M
Q4 24	$1.2B	$513M	-$39M
Q1 25	$1.0B	$445M	-$58M
Q2 25	$1.1B	$498M	-$23M
Q3 25	$1.2B	$525M	$9M
Q4 25	$1.4B	$607M	$66M

Valuation

Quarter	P/S	P/E
Q1 22	5.9x	124.5x
Q2 22	4.3x	—
Q3 22	2.7x	—
Q4 22	2.0x	—
Q1 23	3.0x	—
Q2 23	2.9x	—
Q3 23	3.0x	—
Q4 23	3.9x	—
Q1 24	2.6x	—
Q2 24	2.4x	—
Q3 24	2.8x	—
Q4 24	2.7x	—
Q1 25	2.4x	—
Q2 25	2.9x	—
Q3 25	3.2x	—
Q4 25	3.4x	184.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$102M	$87M
Q2 22	-$112M	-$149M
Q3 22	$14M	-$30M
Q4 22	$7M	-$58M
Q1 23	-$153M	-$208M
Q2 23	$147M	$129M
Q3 23	$246M	$239M
Q4 23	$16M	$13M
Q1 24	$47M	$46M
Q2 24	$23M	$23M
Q3 24	$69M	$68M
Q4 24	$79M	$77M
Q1 25	$139M	$137M
Q2 25	$110M	$109M
Q3 25	$128M	$126M
Q4 25	$223M	$222M

Capital Expenditures

Quarter	CapEx
Q1 22	$15M
Q2 22	$37M
Q3 22	$44M
Q4 22	$65M
Q1 23	$54M
Q2 23	$18M
Q3 23	$7M
Q4 23	$4M
Q1 24	$672.0K
Q2 24	$875.0K
Q3 24	$1M
Q4 24	$2M
Q1 25	$2M
Q2 25	$1M
Q3 25	$1M
Q4 25	$1M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+27.8%	+51.9%
Q2 22	+18.5%	+51.9%
Q3 22	+12.0%	+48.6%
Q4 22	+0.2%	+32.3%
Q1 23	+1.0%	+25.9%
Q2 23	+10.8%	+11.2%
Q3 23	+19.8%	+38.9%
Q4 23	+13.5%	-2.5%
Q1 24	+19.0%	+0.0%
Q2 24	+14.3%	+6.8%
Q3 24	+16.5%	-13.0%
Q4 24	+22.0%	+13.9%
Q1 25	+15.8%	+13.1%
Q2 25	+14.8%	+9.1%
Q3 25	+14.0%	+9.4%
Q4 25	+16.1%	+7.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$70M	9.5%
Q2 22	$87M	11.4%
Q3 22	$99M	13.0%
Q4 22	$104M	12.0%
Q1 23	$96M	13.0%
Q2 23	$90M	10.6%
Q3 23	$91M	10.0%
Q4 23	$93M	9.4%
Q1 24	$95M	10.7%
Q2 24	$88M	9.1%
Q3 24	$100M	9.4%
Q4 24	$102M	8.5%
Q1 25	$95M	9.4%
Q2 25	$85M	7.6%
Q3 25	$88M	7.3%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 22	$164M	$78M	$147M
Q2 22	$197M	$84M	$185M
Q3 22	$208M	$87M	$209M
Q4 22	$221M	$96M	$298M
Q1 23	$220M	$96M	$234M
Q2 23	$192M	$116M	$196M
Q3 23	$282M	$129M	$308M
Q4 23	$184M	$94M	$265M
Q1 24	$180M	$78M	$202M
Q2 24	$175M	$99M	$222M
Q3 24	$179M	$100M	$237M
Q4 24	$185M	$94M	$272M
Q1 25	$185M	$95M	$224M
Q2 25	$178M	$100M	$243M
Q3 25	$182M	$91M	$242M
Q4 25	$185M	$101M	$255M

Revenue Segments

Quarter	Platform Segment	Player Segment
Q1 22	$647M	$87M
Q2 22	$673M	$91M
Q3 22	$670M	$91M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$2.2B	$0	$2.2B
Q2 22	$2.1B	$0	$2.1B
Q3 22	$2.0B	$0	$2.0B
Q4 22	$2.0B	$0	$2.0B
Q1 23	$1.6B	$0	$1.6B
Q2 23	$1.8B	$0	$1.8B
Q3 23	$2.0B	$0	$2.0B
Q4 23	$2.0B	$0	$2.0B
Q1 24	$2.1B	$0	$2.1B
Q2 24	$2.1B	$0	$2.1B
Q3 24	$2.1B	$0	$2.1B
Q4 24	$2.2B	$0	$2.2B
Q1 25	$2.3B	$0	$2.3B
Q2 25	$2.3B	$0	$2.3B
Q3 25	$1.6B	$727M	$2.3B
Q4 25	$1.6B	$730M	$2.3B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	136M	-4.5%	-3.4%
Q2 22	137M	+1.0%	-3.7%
Q3 22	139M	+1.3%	-2.6%
Q4 22	140M	+0.8%	-1.6%
Q1 23	140M	+0.5%	+3.5%
Q2 23	141M	+0.5%	+3.1%
Q3 23	142M	+0.6%	+2.4%
Q4 23	143M	+0.8%	+2.4%
Q1 24	144M	+0.5%	+2.4%
Q2 24	144M	+0.4%	+2.3%
Q3 24	145M	+0.4%	+2.1%
Q4 24	146M	+0.5%	+1.8%
Q1 25	146M	+0.4%	+1.7%
Q2 25	150M	+2.4%	+3.7%
Q3 25	150M	+0.5%	+3.9%
Q4 25	152M	+1.2%	+4.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$244.6K	3K
Q2 22	$254.8K	3K
Q3 22	$253.8K	3K
Q4 22	$240.8K	4K
Q1 23	$205.8K	4K
Q2 23	$235.3K	4K
Q3 23	$253.3K	4K
Q4 23	$312.5K	3K
Q1 24	$279.8K	3K
Q2 24	$307.4K	3K
Q3 24	$337.2K	3K
Q4 24	$359.6K	3K
Q1 25	$305.6K	3K
Q2 25	$332.6K	3K
Q3 25	$362.5K	3K
Q4 25	$387.5K	4K

Revenue / Employee