Roku, Inc. (ROKU) 10-Year Financial Performance & Capital Metrics

ROKU •

Communication ServicesEntertainmentStreaming Video Platforms

AboutRoku, 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, news sports, shows, and others. As of December 31, 2021, the company had 60.1 million active accounts. It also provides digital and video advertising, content distribution, subscription, and billing services, as well as other commerce transactions, and brand sponsorship and promotions; and manufactures, sells, and licenses smart TVs under the Roku TV name. In addition, the company offers streaming players, and audio products and accessories under the Roku brand name; and sells branded channel buttons on remote controls of streaming devices. It provides its products and services through retailers and distributors, as well as directly to customers through its website in the United States, Canada, the United Kingdom, France, Mexico, Brazil, Chile, Peru, North and South Americas, and Europe. Roku, Inc. was incorporated in 2002 and is headquartered in San Jose, California.Show more

Revenue $4.74B +15.2%
EBITDA $335M +176.3%
Net Income $88M +168.3%
EPS (Diluted) 0.59 +166.3%
Gross Margin 43.79% -0.3%
EBITDA Margin 7.07% +139.9%
Operating Margin -0.12% +97.8%
Net Margin 1.87% +159.3%
ROE 3.43% +163.9%
ROIC -0.29% +98.3%
Debt/Equity 0.33 +38.1%
Interest Coverage -2.95 +99.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 21.6%
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y30.94%

5Y21.65%

3Y14.86%

TTM15.18%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM168.29%

EPS CAGR

10Y-

5Y-

3Y-

TTM163.88%

ROCE

10Y Avg-12.33%

5Y Avg-7.83%

3Y Avg-10.83%

Latest-0.18%

Peer Comparison

Streaming Video Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ROKURoku, Inc.	1.65B	98.41	166.80	15.18%	1.87%	3.32%	28.97%	0.33
NFLXNetflix, Inc.	407.8B	96.24	38.04	15.85%	24.3%	41.26%	2.32%	0.54
CNVSCineverse Corp.	57.93M	2.96	18.50	59.13%	-16.67%	-24.43%	28.04%	0.01
IQiQIYI, Inc.	4.87B	1.60	14.25	-8.31%	-1.44%	-2.92%	5.8%	1.06
STRZStarz Entertainment Corp.	184.04M	11.00	-0.87	-1.64%	-7.14%	-21.36%		1.42
GAIAGaia, Inc.	18.31M	3.39	-15.41	12.36%	-4.87%	-4.7%	10.6%	0.12

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	398.65M	512.76M	742.51M	1.13B	1.78B	2.76B	3.13B	3.48B	4.11B	4.74B
Revenue Growth %	24.63%	28.63%	44.8%	52.04%	57.53%	55.45%	13.09%	11.45%	18.03%	15.18%
Cost of Goods Sold+	277.6M	312.93M	410.36M	633.7M	970.17M	1.36B	1.69B	1.96B	2.31B	2.66B
COGS % of Revenue	69.64%	61.03%	55.27%	56.13%	54.55%	49.05%	53.91%	56.3%	56.1%	56.21%
Gross Profit+	121.05M	199.83M	332.15M	495.22M	808.22M	1.41B	1.44B	1.52B	1.81B	2.07B
Gross Margin %	30.36%	38.97%	44.73%	43.87%	45.45%	50.95%	46.09%	43.7%	43.9%	43.79%
Gross Profit Growth %	34.83%	65.09%	66.21%	49.1%	63.2%	74.28%	2.31%	5.65%	18.59%	14.89%
Operating Expenses+	164.41M	219.45M	345.44M	560.28M	828.47M	1.17B	1.97B	2.31B	2.02B	2.08B
OpEx % of Revenue	41.24%	42.8%	46.52%	49.63%	46.59%	42.45%	63.07%	66.43%	49.21%	43.91%
Selling, General & Admin	88.23M	111.5M	174.75M	295.27M	472.69M	711.9M	1.18B	1.44B	1.3B	1.35B
SG&A % of Revenue	22.13%	21.75%	23.54%	26.16%	26.58%	25.75%	37.84%	41.22%	31.7%	28.51%
Research & Development	76.18M	107.94M	170.69M	265.01M	355.78M	461.6M	788.91M	878.47M	720.14M	729.48M
R&D % of Revenue	19.11%	21.05%	22.99%	23.47%	20.01%	16.7%	25.23%	25.21%	17.51%	15.4%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	-43.36M	-19.62M	-13.3M	-65.06M	-20.25M	235.1M	-530.89M	-792.38M	-218.17M	-5.62M
Operating Margin %	-10.88%	-3.83%	-1.79%	-5.76%	-1.14%	8.5%	-16.98%	-22.74%	-5.3%	-0.12%
Operating Income Growth %	-15.47%	54.76%	32.22%	-389.31%	68.87%	1260.82%	-325.81%	-49.25%	72.47%	97.42%
EBITDA+	-38.06M	-14.28M	-4.91M	-27.06M	44.7M	404.31M	-192.38M	-456.55M	121.24M	334.98M
EBITDA Margin %	-9.55%	-2.78%	-0.66%	-2.4%	2.51%	14.62%	-6.15%	-13.1%	2.95%	7.07%
EBITDA Growth %	-8.75%	62.48%	65.64%	-451.5%	265.16%	804.59%	-147.58%	-137.32%	126.56%	176.28%
D&A (Non-Cash Add-back)	5.3M	5.34M	8.39M	38M	64.95M	169.22M	338.51M	335.83M	339.41M	340.6M
EBIT	-43.36M	-61.58M	-8.99M	-58.55M	-15.02M	239.57M	-487.12M	-698.7M	-119.55M	-5.62M
Net Interest Income+	146K	-1.61M	-346K	-2.37M	-3.43M	-2.98M	-5.16M	-730K	-411K	-1.91M
Interest Income	146K	0	0	0	0	0	0	0	0	0
Interest Expense	0	1.61M	346K	2.37M	3.43M	2.98M	5.16M	730K	411K	1.91M
Other Income/Expense	814K	-43.58M	3.96M	4.14M	1.8M	1.49M	38.6M	92.95M	98.21M	99.52M
Pretax Income+	-42.55M	-63.19M	-9.33M	-60.92M	-18.45M	236.59M	-492.28M	-699.43M	-119.96M	93.9M
Pretax Margin %	-10.67%	-12.32%	-1.26%	-5.4%	-1.04%	8.56%	-15.75%	-20.07%	-2.92%	1.98%
Income Tax+	211K	315K	-476K	-982K	-945K	-5.8M	5.72M	10.13M	9.43M	5.54M
Effective Tax Rate %	100.5%	100.5%	94.9%	98.39%	94.88%	102.45%	101.16%	101.45%	107.86%	94.1%
Net Income+	-42.76M	-63.51M	-8.86M	-59.94M	-17.51M	242.38M	-498M	-709.56M	-129.39M	88.36M
Net Margin %	-10.73%	-12.39%	-1.19%	-5.31%	-0.98%	8.77%	-15.93%	-20.36%	-3.15%	1.87%
Net Income Growth %	-5.29%	-48.53%	86.05%	-576.72%	70.79%	1484.5%	-305.46%	-42.48%	81.77%	168.29%
Net Income (Continuing)	-42.76M	-63.51M	-8.86M	-59.94M	-17.51M	242.38M	-498M	-709.56M	-129.39M	88.36M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.50	-0.58	-0.08	-0.52	-0.14	1.71	-3.62	-5.01	-0.89	0.59
EPS Growth %	94.26%	-16%	85.4%	-513.93%	73.08%	1321.43%	-311.7%	-38.4%	82.24%	166.29%
EPS (Basic)	-0.50	-2.24	-0.08	-0.52	-0.14	1.83	-3.62	-5.01	-0.89	0.60
Diluted Shares Outstanding	85.71M	109.31M	104.62M	115.22M	123.98M	141.67M	137.67M	141.57M	144.63M	150.91M
Basic Shares Outstanding	85.71M	28.31M	104.62M	115.22M	123.98M	132.71M	137.67M	141.57M	144.63M	147.15M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	165.22M	344.92M	432.94M	925.66M	1.7B	3.05B	2.96B	3.07B	3.23B	3.4B
Cash & Short-Term Investments	34.56M	177.25M	197.71M	515.48M	1.09B	2.15B	1.96B	2.03B	2.16B	2.32B
Cash Only	34.56M	177.25M	155.56M	515.48M	1.09B	2.15B	1.96B	2.03B	2.16B	1.59B
Short-Term Investments	0	0	42.15M	0	0	0	0	0	0	730.21M
Accounts Receivable	79.47M	120.55M	183.08M	332.67M	523.85M	752.39M	760.79M	816.34M	812.51M	879.87M
Days Sales Outstanding	72.76	85.81	90	107.56	107.52	99.34	88.82	85.51	72.11	67.79
Inventory	43.57M	32.74M	35.59M	49.71M	53.9M	50.28M	106.75M	92.13M	158.27M	114.64M
Days Inventory Outstanding	57.28	38.19	31.65	28.63	20.28	13.53	23.12	17.14	25.04	15.71
Other Current Assets	2.64M	3.01M	0	1.85M	0	0	42.62M	138.59M	103.15M	89.72M
Total Non-Current Assets+	13.86M	26.98M	32.06M	544.57M	572.9M	1.03B	1.45B	1.19B	1.07B	1.03B
Property, Plant & Equipment	9.53M	14.74M	25.26M	386.55M	421.39M	523.23M	856.73M	636M	518.2M	433.92M
Fixed Asset Turnover	41.84x	34.80x	29.39x	2.92x	4.22x	5.28x	3.65x	5.48x	7.94x	10.92x
Goodwill	0	1.38M	1.38M	74.12M	73.06M	161.52M	161.52M	161.52M	161.52M	309.41M
Intangible Assets	0	2.03M	1.48M	76.67M	62.18M	307.84M	351.65M	299.15M	264.82M	50.21M
Long-Term Investments	0	0	0	0	0	0	0	0	75.22M	0
Other Non-Current Assets	4.33M	8.83M	3.94M	7.23M	16.27M	35.05M	77.83M	92.18M	50.01M	238.44M
Total Assets+	179.08M	371.9M	465M	1.47B	2.27B	4.08B	4.41B	4.26B	4.3B	4.43B
Asset Turnover	2.23x	1.38x	1.60x	0.77x	0.78x	0.68x	0.71x	0.82x	0.96x	1.07x
Asset Growth %	1.45%	107.67%	25.03%	216.18%	54.43%	79.79%	8.1%	-3.42%	0.99%	3.01%
Total Current Liabilities+	116.5M	163.26M	194M	358.3M	520.32M	729.62M	1.08B	1.28B	1.23B	1.24B
Accounts Payable	31.4M	56.41M	56.58M	115.23M	112.31M	124.92M	164.8M	385.33M	273.99M	158.64M
Days Payables Outstanding	41.28	65.8	50.32	66.37	42.26	33.63	35.69	71.68	43.34	21.75
Short-Term Debt	15M	0	0	4.87M	4.87M	9.88M	79.98M	68.1M	79.22M	0
Deferred Revenue (Current)	23.95M	35.05M	48.57M	39.86M	55.47M	45.76M	87.68M	102.16M	105.72M	120.91M
Other Current Liabilities	0	0	0	0	0	0	0	-68.1M	-79.22M	957.98M
Current Ratio	1.42x	2.11x	2.23x	2.58x	3.26x	4.19x	2.74x	2.41x	2.62x	2.75x
Quick Ratio	1.04x	1.91x	2.05x	2.44x	3.16x	4.12x	2.64x	2.34x	2.50x	2.66x
Cash Conversion Cycle	88.77	58.2	71.33	69.82	85.54	79.24	76.24	30.96	53.8	61.76
Total Non-Current Liabilities+	256.4M	56.36M	26.34M	413.51M	422.21M	585.92M	682.77M	659.93M	578.69M	538M
Long-Term Debt	0	0	0	94.74M	89.87M	79.98M	584.65M	0	512.71M	435.9M
Capital Lease Obligations	0	0	0	301.69M	307.94M	394.72M	584.65M	586.17M	512.71M	435.9M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	227.31M	7.85M	6.75M	1.7M	3.12M	82.48M	-514.74M	49.19M	-471.77M	-362.64M
Total Liabilities	372.9M	219.62M	220.35M	771.81M	942.53M	1.32B	1.77B	1.94B	1.81B	1.78B
Total Debt+	15M	0	0	419.2M	438.32M	521.71M	719.33M	654.27M	591.93M	871.8M
Net Debt	-19.56M	-177.25M	-155.56M	-96.28M	-654.49M	-1.62B	-1.24B	-1.37B	-1.57B	-715.27M
Debt / Equity	-	-	-	0.60x	0.33x	0.19x	0.27x	0.28x	0.24x	0.33x
Debt / EBITDA	-	-	-	-	9.81x	1.29x	-	-	4.88x	2.60x
Net Debt / EBITDA	-	-	-	-	-14.64x	-4.02x	-	-	-12.94x	-2.14x
Interest Coverage	-	-12.17x	-38.43x	-27.50x	-5.90x	78.89x	-102.87x	-1085.45x	-530.82x	-2.95x
Total Equity+	-193.82M	152.28M	244.65M	698.43M	1.33B	2.77B	2.65B	2.33B	2.49B	2.66B
Equity Growth %	-21.34%	178.57%	60.66%	185.48%	90.14%	108.33%	-4.34%	-12.1%	7.15%	6.63%
Book Value per Share	-2.26	1.39	2.34	6.06	10.71	19.53	19.22	16.43	17.24	17.61
Total Shareholders' Equity	-193.82M	152.28M	244.65M	698.43M	1.33B	2.77B	2.65B	2.33B	2.49B	2.66B
Common Stock	3K	10K	11K	12K	13K	14K	14K	14K	15K	15K
Retained Earnings	-219.83M	-283.34M	-253.9M	-313.83M	-332.41M	-90.02M	-588.03M	-1.3B	-1.43B	-1.49B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-213.18M	-371.9M	-17K	29K	29K	41K	-292K	159K	-1.74M	1.04M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	-32.46M	37.29M	13.92M	13.71M	148.19M	228.08M	11.79M	255.86M	218.04M	483.72M
Operating CF Margin %	-8.14%	7.27%	1.88%	1.21%	8.33%	8.25%	0.38%	7.34%	5.3%	10.21%
Operating CF Growth %	0.43%	214.88%	-62.67%	-1.54%	981.14%	53.91%	-94.83%	2069.19%	-14.78%	121.84%
Net Income	-42.76M	-63.51M	-8.86M	-59.94M	-17.51M	242.38M	-498M	-709.56M	-129.39M	88.36M
Depreciation & Amortization	5.3M	5.34M	8.39M	38M	64.95M	169.22M	338.51M	335.83M	339.41M	340.6M
Stock-Based Compensation	8.21M	10.95M	37.67M	85.17M	134.08M	187.53M	359.93M	370.13M	384.66M	354.17M
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	4.31M	44.14M	2.34M	4.72M	26.72M	-1M	1.69M	266.72M	32.12M	7.28M
Working Capital Changes	-7.52M	40.37M	-25.63M	-54.25M	-60.04M	-370.05M	-190.34M	-7.27M	-408.76M	-306.69M
Change in Receivables	-26.35M	-41.18M	-50.67M	-110.22M	-196.05M	-221.77M	-10.89M	-56.94M	1.89M	-63.46M
Change in Inventory	-13.26M	10.83M	-2.95M	-14.13M	-4.18M	3.62M	-56.47M	14.72M	-66.14M	43.63M
Change in Payables	-2.81M	24.32M	-98K	9.41M	6.41M	8.43M	14.19M	248.18M	-110.68M	-122.5M
Cash from Investing+	-8.57M	-12.27M	-60.13M	-110.3M	-81.32M	-176.82M	-201.7M	-92.62M	-25.06M	-782.37M
Capital Expenditures	-8.6M	-9.23M	-18.33M	-77.18M	-82.38M	-40.04M	-161.7M	-82.62M	-5.06M	-5.28M
CapEx % of Revenue	2.16%	1.8%	2.47%	6.84%	4.63%	1.45%	5.17%	2.37%	0.12%	0.11%
Acquisitions	0	-2.96M	0	-68.13M	0	-136.78M	0	0	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	29K	-80K	0	-7.43M	1.06M	0	0	0	0	-45.09M
Cash from Financing+	-156K	117.66M	24.52M	458.33M	509.05M	1B	8.36M	-61.24M	-89.2M	-280.1M
Debt Issued (Net)	0	-15.76M	0	99.61M	-5M	-5M	-10M	-80M	0	0
Equity Issued (Net)	438K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	-1000K
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	0	0	0	0	-149.98M
Other Financing	-594K	0	-500K	0	0	0	0	0	-98.58M	-164.85M
Net Change in Cash	-41.19M	142.69M	-21.69M	361.77M	575.92M	1.05B	-185.71M	104.65M	94.03M	-573.57M
Free Cash Flow+	-41.06M	28.06M	-4.41M	-70.9M	65.81M	188.04M	-149.9M	173.24M	212.98M	478.44M
FCF Margin %	-10.3%	5.47%	-0.59%	-6.28%	3.7%	6.8%	-4.79%	4.97%	5.18%	10.1%
FCF Growth %	-9.13%	168.35%	-115.7%	-1509.56%	192.82%	185.73%	-179.72%	215.57%	22.94%	124.64%
FCF per Share	-0.48	0.26	-0.04	-0.62	0.53	1.33	-1.09	1.22	1.47	3.17
FCF Conversion (FCF/Net Income)	0.76x	-0.59x	-1.57x	-0.23x	-8.46x	0.94x	-0.02x	-0.36x	-1.69x	5.47x
Interest Paid	236K	1.15M	493K	3.1M	3.47M	2.58M	3.89M	915K	460K	0
Taxes Paid	121K	222K	564K	759K	1.01M	1.36M	7.02M	6.63M	19.41M	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-	-41.71%	-4.46%	-12.71%	-1.73%	11.84%	-18.4%	-28.54%	-5.37%	3.43%
Return on Invested Capital (ROIC)	-	-	-31.11%	-14.12%	-2.38%	19.42%	-31.28%	-50.39%	-17.41%	-0.29%
Gross Margin	30.36%	38.97%	44.73%	43.87%	45.45%	50.95%	46.09%	43.7%	43.9%	43.79%
Net Margin	-10.73%	-12.39%	-1.19%	-5.31%	-0.98%	8.77%	-15.93%	-20.36%	-3.15%	1.87%
Debt / Equity	-	-	-	0.60x	0.33x	0.19x	0.27x	0.28x	0.24x	0.33x
Interest Coverage	-	-12.17x	-38.43x	-27.50x	-5.90x	78.89x	-102.87x	-1085.45x	-530.82x	-2.95x
FCF Conversion	0.76x	-0.59x	-1.57x	-0.23x	-8.46x	0.94x	-0.02x	-0.36x	-1.69x	5.47x
Revenue Growth	24.63%	28.63%	44.8%	52.04%	57.53%	55.45%	13.09%	11.45%	18.03%	15.18%

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Roku, Inc. (ROKU) 10-Year Financial Performance & Capital Metrics

ROKU •

Communication ServicesEntertainmentStreaming Video Platforms

Revenue $4.74B +15.2%
EBITDA $335M +176.3%
Net Income $88M +168.3%
EPS (Diluted) 0.59 +166.3%
Gross Margin 43.79% -0.3%
EBITDA Margin 7.07% +139.9%
Operating Margin -0.12% +97.8%
Net Margin 1.87% +159.3%
ROE 3.43% +163.9%
ROIC -0.29% +98.3%
Debt/Equity 0.33 +38.1%
Interest Coverage -2.95 +99.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 21.6%
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y30.94%

5Y21.65%

3Y14.86%

TTM15.18%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM168.29%

EPS CAGR

10Y-

5Y-

3Y-

TTM163.88%

ROCE

10Y Avg-12.33%

5Y Avg-7.83%

3Y Avg-10.83%

Latest-0.18%

Peer Comparison

Streaming Video Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ROKURoku, Inc.	1.65B	98.41	166.80	15.18%	1.87%	3.32%	28.97%	0.33
NFLXNetflix, Inc.	407.8B	96.24	38.04	15.85%	24.3%	41.26%	2.32%	0.54
CNVSCineverse Corp.	57.93M	2.96	18.50	59.13%	-16.67%	-24.43%	28.04%	0.01
IQiQIYI, Inc.	4.87B	1.60	14.25	-8.31%	-1.44%	-2.92%	5.8%	1.06
STRZStarz Entertainment Corp.	184.04M	11.00	-0.87	-1.64%	-7.14%	-21.36%		1.42
GAIAGaia, Inc.	18.31M	3.39	-15.41	12.36%	-4.87%	-4.7%	10.6%	0.12

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	398.65M	512.76M	742.51M	1.13B	1.78B	2.76B	3.13B	3.48B	4.11B	4.74B
Revenue Growth %	24.63%	28.63%	44.8%	52.04%	57.53%	55.45%	13.09%	11.45%	18.03%	15.18%
Cost of Goods Sold+	277.6M	312.93M	410.36M	633.7M	970.17M	1.36B	1.69B	1.96B	2.31B	2.66B
COGS % of Revenue	69.64%	61.03%	55.27%	56.13%	54.55%	49.05%	53.91%	56.3%	56.1%	56.21%
Gross Profit+	121.05M	199.83M	332.15M	495.22M	808.22M	1.41B	1.44B	1.52B	1.81B	2.07B
Gross Margin %	30.36%	38.97%	44.73%	43.87%	45.45%	50.95%	46.09%	43.7%	43.9%	43.79%
Gross Profit Growth %	34.83%	65.09%	66.21%	49.1%	63.2%	74.28%	2.31%	5.65%	18.59%	14.89%
Operating Expenses+	164.41M	219.45M	345.44M	560.28M	828.47M	1.17B	1.97B	2.31B	2.02B	2.08B
OpEx % of Revenue	41.24%	42.8%	46.52%	49.63%	46.59%	42.45%	63.07%	66.43%	49.21%	43.91%
Selling, General & Admin	88.23M	111.5M	174.75M	295.27M	472.69M	711.9M	1.18B	1.44B	1.3B	1.35B
SG&A % of Revenue	22.13%	21.75%	23.54%	26.16%	26.58%	25.75%	37.84%	41.22%	31.7%	28.51%
Research & Development	76.18M	107.94M	170.69M	265.01M	355.78M	461.6M	788.91M	878.47M	720.14M	729.48M
R&D % of Revenue	19.11%	21.05%	22.99%	23.47%	20.01%	16.7%	25.23%	25.21%	17.51%	15.4%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	-43.36M	-19.62M	-13.3M	-65.06M	-20.25M	235.1M	-530.89M	-792.38M	-218.17M	-5.62M
Operating Margin %	-10.88%	-3.83%	-1.79%	-5.76%	-1.14%	8.5%	-16.98%	-22.74%	-5.3%	-0.12%
Operating Income Growth %	-15.47%	54.76%	32.22%	-389.31%	68.87%	1260.82%	-325.81%	-49.25%	72.47%	97.42%
EBITDA+	-38.06M	-14.28M	-4.91M	-27.06M	44.7M	404.31M	-192.38M	-456.55M	121.24M	334.98M
EBITDA Margin %	-9.55%	-2.78%	-0.66%	-2.4%	2.51%	14.62%	-6.15%	-13.1%	2.95%	7.07%
EBITDA Growth %	-8.75%	62.48%	65.64%	-451.5%	265.16%	804.59%	-147.58%	-137.32%	126.56%	176.28%
D&A (Non-Cash Add-back)	5.3M	5.34M	8.39M	38M	64.95M	169.22M	338.51M	335.83M	339.41M	340.6M
EBIT	-43.36M	-61.58M	-8.99M	-58.55M	-15.02M	239.57M	-487.12M	-698.7M	-119.55M	-5.62M
Net Interest Income+	146K	-1.61M	-346K	-2.37M	-3.43M	-2.98M	-5.16M	-730K	-411K	-1.91M
Interest Income	146K	0	0	0	0	0	0	0	0	0
Interest Expense	0	1.61M	346K	2.37M	3.43M	2.98M	5.16M	730K	411K	1.91M
Other Income/Expense	814K	-43.58M	3.96M	4.14M	1.8M	1.49M	38.6M	92.95M	98.21M	99.52M
Pretax Income+	-42.55M	-63.19M	-9.33M	-60.92M	-18.45M	236.59M	-492.28M	-699.43M	-119.96M	93.9M
Pretax Margin %	-10.67%	-12.32%	-1.26%	-5.4%	-1.04%	8.56%	-15.75%	-20.07%	-2.92%	1.98%
Income Tax+	211K	315K	-476K	-982K	-945K	-5.8M	5.72M	10.13M	9.43M	5.54M
Effective Tax Rate %	100.5%	100.5%	94.9%	98.39%	94.88%	102.45%	101.16%	101.45%	107.86%	94.1%
Net Income+	-42.76M	-63.51M	-8.86M	-59.94M	-17.51M	242.38M	-498M	-709.56M	-129.39M	88.36M
Net Margin %	-10.73%	-12.39%	-1.19%	-5.31%	-0.98%	8.77%	-15.93%	-20.36%	-3.15%	1.87%
Net Income Growth %	-5.29%	-48.53%	86.05%	-576.72%	70.79%	1484.5%	-305.46%	-42.48%	81.77%	168.29%
Net Income (Continuing)	-42.76M	-63.51M	-8.86M	-59.94M	-17.51M	242.38M	-498M	-709.56M	-129.39M	88.36M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.50	-0.58	-0.08	-0.52	-0.14	1.71	-3.62	-5.01	-0.89	0.59
EPS Growth %	94.26%	-16%	85.4%	-513.93%	73.08%	1321.43%	-311.7%	-38.4%	82.24%	166.29%
EPS (Basic)	-0.50	-2.24	-0.08	-0.52	-0.14	1.83	-3.62	-5.01	-0.89	0.60
Diluted Shares Outstanding	85.71M	109.31M	104.62M	115.22M	123.98M	141.67M	137.67M	141.57M	144.63M	150.91M
Basic Shares Outstanding	85.71M	28.31M	104.62M	115.22M	123.98M	132.71M	137.67M	141.57M	144.63M	147.15M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	165.22M	344.92M	432.94M	925.66M	1.7B	3.05B	2.96B	3.07B	3.23B	3.4B
Cash & Short-Term Investments	34.56M	177.25M	197.71M	515.48M	1.09B	2.15B	1.96B	2.03B	2.16B	2.32B
Cash Only	34.56M	177.25M	155.56M	515.48M	1.09B	2.15B	1.96B	2.03B	2.16B	1.59B
Short-Term Investments	0	0	42.15M	0	0	0	0	0	0	730.21M
Accounts Receivable	79.47M	120.55M	183.08M	332.67M	523.85M	752.39M	760.79M	816.34M	812.51M	879.87M
Days Sales Outstanding	72.76	85.81	90	107.56	107.52	99.34	88.82	85.51	72.11	67.79
Inventory	43.57M	32.74M	35.59M	49.71M	53.9M	50.28M	106.75M	92.13M	158.27M	114.64M
Days Inventory Outstanding	57.28	38.19	31.65	28.63	20.28	13.53	23.12	17.14	25.04	15.71
Other Current Assets	2.64M	3.01M	0	1.85M	0	0	42.62M	138.59M	103.15M	89.72M
Total Non-Current Assets+	13.86M	26.98M	32.06M	544.57M	572.9M	1.03B	1.45B	1.19B	1.07B	1.03B
Property, Plant & Equipment	9.53M	14.74M	25.26M	386.55M	421.39M	523.23M	856.73M	636M	518.2M	433.92M
Fixed Asset Turnover	41.84x	34.80x	29.39x	2.92x	4.22x	5.28x	3.65x	5.48x	7.94x	10.92x
Goodwill	0	1.38M	1.38M	74.12M	73.06M	161.52M	161.52M	161.52M	161.52M	309.41M
Intangible Assets	0	2.03M	1.48M	76.67M	62.18M	307.84M	351.65M	299.15M	264.82M	50.21M
Long-Term Investments	0	0	0	0	0	0	0	0	75.22M	0
Other Non-Current Assets	4.33M	8.83M	3.94M	7.23M	16.27M	35.05M	77.83M	92.18M	50.01M	238.44M
Total Assets+	179.08M	371.9M	465M	1.47B	2.27B	4.08B	4.41B	4.26B	4.3B	4.43B
Asset Turnover	2.23x	1.38x	1.60x	0.77x	0.78x	0.68x	0.71x	0.82x	0.96x	1.07x
Asset Growth %	1.45%	107.67%	25.03%	216.18%	54.43%	79.79%	8.1%	-3.42%	0.99%	3.01%
Total Current Liabilities+	116.5M	163.26M	194M	358.3M	520.32M	729.62M	1.08B	1.28B	1.23B	1.24B
Accounts Payable	31.4M	56.41M	56.58M	115.23M	112.31M	124.92M	164.8M	385.33M	273.99M	158.64M
Days Payables Outstanding	41.28	65.8	50.32	66.37	42.26	33.63	35.69	71.68	43.34	21.75
Short-Term Debt	15M	0	0	4.87M	4.87M	9.88M	79.98M	68.1M	79.22M	0
Deferred Revenue (Current)	23.95M	35.05M	48.57M	39.86M	55.47M	45.76M	87.68M	102.16M	105.72M	120.91M
Other Current Liabilities	0	0	0	0	0	0	0	-68.1M	-79.22M	957.98M
Current Ratio	1.42x	2.11x	2.23x	2.58x	3.26x	4.19x	2.74x	2.41x	2.62x	2.75x
Quick Ratio	1.04x	1.91x	2.05x	2.44x	3.16x	4.12x	2.64x	2.34x	2.50x	2.66x
Cash Conversion Cycle	88.77	58.2	71.33	69.82	85.54	79.24	76.24	30.96	53.8	61.76
Total Non-Current Liabilities+	256.4M	56.36M	26.34M	413.51M	422.21M	585.92M	682.77M	659.93M	578.69M	538M
Long-Term Debt	0	0	0	94.74M	89.87M	79.98M	584.65M	0	512.71M	435.9M
Capital Lease Obligations	0	0	0	301.69M	307.94M	394.72M	584.65M	586.17M	512.71M	435.9M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	227.31M	7.85M	6.75M	1.7M	3.12M	82.48M	-514.74M	49.19M	-471.77M	-362.64M
Total Liabilities	372.9M	219.62M	220.35M	771.81M	942.53M	1.32B	1.77B	1.94B	1.81B	1.78B
Total Debt+	15M	0	0	419.2M	438.32M	521.71M	719.33M	654.27M	591.93M	871.8M
Net Debt	-19.56M	-177.25M	-155.56M	-96.28M	-654.49M	-1.62B	-1.24B	-1.37B	-1.57B	-715.27M
Debt / Equity	-	-	-	0.60x	0.33x	0.19x	0.27x	0.28x	0.24x	0.33x
Debt / EBITDA	-	-	-	-	9.81x	1.29x	-	-	4.88x	2.60x
Net Debt / EBITDA	-	-	-	-	-14.64x	-4.02x	-	-	-12.94x	-2.14x
Interest Coverage	-	-12.17x	-38.43x	-27.50x	-5.90x	78.89x	-102.87x	-1085.45x	-530.82x	-2.95x
Total Equity+	-193.82M	152.28M	244.65M	698.43M	1.33B	2.77B	2.65B	2.33B	2.49B	2.66B
Equity Growth %	-21.34%	178.57%	60.66%	185.48%	90.14%	108.33%	-4.34%	-12.1%	7.15%	6.63%
Book Value per Share	-2.26	1.39	2.34	6.06	10.71	19.53	19.22	16.43	17.24	17.61
Total Shareholders' Equity	-193.82M	152.28M	244.65M	698.43M	1.33B	2.77B	2.65B	2.33B	2.49B	2.66B
Common Stock	3K	10K	11K	12K	13K	14K	14K	14K	15K	15K
Retained Earnings	-219.83M	-283.34M	-253.9M	-313.83M	-332.41M	-90.02M	-588.03M	-1.3B	-1.43B	-1.49B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-213.18M	-371.9M	-17K	29K	29K	41K	-292K	159K	-1.74M	1.04M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	-32.46M	37.29M	13.92M	13.71M	148.19M	228.08M	11.79M	255.86M	218.04M	483.72M
Operating CF Margin %	-8.14%	7.27%	1.88%	1.21%	8.33%	8.25%	0.38%	7.34%	5.3%	10.21%
Operating CF Growth %	0.43%	214.88%	-62.67%	-1.54%	981.14%	53.91%	-94.83%	2069.19%	-14.78%	121.84%
Net Income	-42.76M	-63.51M	-8.86M	-59.94M	-17.51M	242.38M	-498M	-709.56M	-129.39M	88.36M
Depreciation & Amortization	5.3M	5.34M	8.39M	38M	64.95M	169.22M	338.51M	335.83M	339.41M	340.6M
Stock-Based Compensation	8.21M	10.95M	37.67M	85.17M	134.08M	187.53M	359.93M	370.13M	384.66M	354.17M
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	4.31M	44.14M	2.34M	4.72M	26.72M	-1M	1.69M	266.72M	32.12M	7.28M
Working Capital Changes	-7.52M	40.37M	-25.63M	-54.25M	-60.04M	-370.05M	-190.34M	-7.27M	-408.76M	-306.69M
Change in Receivables	-26.35M	-41.18M	-50.67M	-110.22M	-196.05M	-221.77M	-10.89M	-56.94M	1.89M	-63.46M
Change in Inventory	-13.26M	10.83M	-2.95M	-14.13M	-4.18M	3.62M	-56.47M	14.72M	-66.14M	43.63M
Change in Payables	-2.81M	24.32M	-98K	9.41M	6.41M	8.43M	14.19M	248.18M	-110.68M	-122.5M
Cash from Investing+	-8.57M	-12.27M	-60.13M	-110.3M	-81.32M	-176.82M	-201.7M	-92.62M	-25.06M	-782.37M
Capital Expenditures	-8.6M	-9.23M	-18.33M	-77.18M	-82.38M	-40.04M	-161.7M	-82.62M	-5.06M	-5.28M
CapEx % of Revenue	2.16%	1.8%	2.47%	6.84%	4.63%	1.45%	5.17%	2.37%	0.12%	0.11%
Acquisitions	0	-2.96M	0	-68.13M	0	-136.78M	0	0	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	29K	-80K	0	-7.43M	1.06M	0	0	0	0	-45.09M
Cash from Financing+	-156K	117.66M	24.52M	458.33M	509.05M	1B	8.36M	-61.24M	-89.2M	-280.1M
Debt Issued (Net)	0	-15.76M	0	99.61M	-5M	-5M	-10M	-80M	0	0
Equity Issued (Net)	438K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	-1000K
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	0	0	0	0	-149.98M
Other Financing	-594K	0	-500K	0	0	0	0	0	-98.58M	-164.85M
Net Change in Cash	-41.19M	142.69M	-21.69M	361.77M	575.92M	1.05B	-185.71M	104.65M	94.03M	-573.57M
Free Cash Flow+	-41.06M	28.06M	-4.41M	-70.9M	65.81M	188.04M	-149.9M	173.24M	212.98M	478.44M
FCF Margin %	-10.3%	5.47%	-0.59%	-6.28%	3.7%	6.8%	-4.79%	4.97%	5.18%	10.1%
FCF Growth %	-9.13%	168.35%	-115.7%	-1509.56%	192.82%	185.73%	-179.72%	215.57%	22.94%	124.64%
FCF per Share	-0.48	0.26	-0.04	-0.62	0.53	1.33	-1.09	1.22	1.47	3.17
FCF Conversion (FCF/Net Income)	0.76x	-0.59x	-1.57x	-0.23x	-8.46x	0.94x	-0.02x	-0.36x	-1.69x	5.47x
Interest Paid	236K	1.15M	493K	3.1M	3.47M	2.58M	3.89M	915K	460K	0
Taxes Paid	121K	222K	564K	759K	1.01M	1.36M	7.02M	6.63M	19.41M	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-	-41.71%	-4.46%	-12.71%	-1.73%	11.84%	-18.4%	-28.54%	-5.37%	3.43%
Return on Invested Capital (ROIC)	-	-	-31.11%	-14.12%	-2.38%	19.42%	-31.28%	-50.39%	-17.41%	-0.29%
Gross Margin	30.36%	38.97%	44.73%	43.87%	45.45%	50.95%	46.09%	43.7%	43.9%	43.79%
Net Margin	-10.73%	-12.39%	-1.19%	-5.31%	-0.98%	8.77%	-15.93%	-20.36%	-3.15%	1.87%
Debt / Equity	-	-	-	0.60x	0.33x	0.19x	0.27x	0.28x	0.24x	0.33x
Interest Coverage	-	-12.17x	-38.43x	-27.50x	-5.90x	78.89x	-102.87x	-1085.45x	-530.82x	-2.95x
FCF Conversion	0.76x	-0.59x	-1.57x	-0.23x	-8.46x	0.94x	-0.02x	-0.36x	-1.69x	5.47x
Revenue Growth	24.63%	28.63%	44.8%	52.04%	57.53%	55.45%	13.09%	11.45%	18.03%	15.18%

Roku, Inc. (ROKU) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare ROKU vs Peers

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Profit & Loss

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Deep Dive Analysis

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Dividend History

Earnings History

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Revenue History

Financial Ratios

Roku, Inc. (ROKU) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare ROKU vs Peers

vs NFLX

vs IQ

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios