Roku, Inc income statement
In fiscal 2025, Roku, Inc reported revenue of $4.74bn, up 15.2% on the year before, operating income of −$5.6m (a -0.1% margin) and net income of $88.4m, or $0.59 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 320 | 399 | 513 | 743 | 1,129 | 1,778 | 2,765 | 3,127 | 3,485 | 4,113 | 4,737 | 5,500 |
| Cost of revenue | 230 | 278 | 313 | 410 | 634 | 970 | 1,356 | 1,685 | 1,962 | 2,307 | 2,663 | 3,007 |
| Gross profit | 90 | 121 | 200 | 332 | 495 | 808 | 1,409 | 1,441 | 1,523 | 1,806 | 2,074 | 2,494 |
| Research and development | 50 | 76 | 108 | 171 | 265 | 356 | 462 | 789 | 878 | 720 | 729 | 741 |
| Selling and marketing | 45 | 53 | 64 | 103 | 179 | 299 | 456 | 838 | 1,033 | 933 | 964 | 891 |
| General and administrative | 32 | 35 | 47 | 72 | 116 | 173 | 256 | 345 | 403 | 371 | 386 | 435 |
| Operating income | −38 | −43 | −20 | −13 | −65 | −20 | 235 | −531 | −792 | −218 | −6 | 428 |
| Interest expense | — | — | — | — | 0 | — | — | 5 | 1 | 0 | 2 | 2 |
| Income before tax | −40 | −43 | −63 | −9 | −61 | −18 | 237 | −492 | −699 | −120 | 94 | 537 |
| Income tax | 0 | 0 | 0 | −0 | −1 | −1 | −6 | 6 | 10 | 9 | 6 | 23 |
| Net income | −41 | −43 | −64 | −9 | −60 | −18 | 242 | −498 | −710 | −129 | 88 | 514 |
| Diluted EPS | −$10.08 | −$9.01 | −$2.24 | −$0.08 | −$0.52 | −$0.14 | $1.71 | −$3.62 | −$5.01 | −$0.89 | $0.59 | $3.36 |
| Diluted shares (average) | 4m | 5m | 28m | 105m | 115m | 124m | 142m | 138m | 142m | 145m | 151m | 153m |
| EBITDA | −35 | −38 | −14 | −5 | −52 | 1 | 261 | −500 | −739 | −170 | 40 | 474 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,201 | 1,021 | 1,111 | 1,211 | 1,395 | 1,249 | 1,355 | 1,502 |
| Cost of revenue | 688 | 576 | 613 | 686 | 788 | 684 | 681 | 853 |
| Gross profit | 513 | 445 | 498 | 525 | 607 | 565 | 674 | 649 |
| Research and development | 185 | 185 | 178 | 182 | 185 | 189 | 180 | 187 |
| Selling and marketing | 272 | 224 | 243 | 242 | 255 | 221 | 223 | 191 |
| General and administrative | 94 | 95 | 100 | 91 | 101 | 102 | 125 | 107 |
| Operating income | −39 | −58 | −23 | 9 | 66 | 52 | 146 | 164 |
| Interest expense | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 1 |
| Income before tax | −26 | −41 | 5 | 38 | 92 | 89 | 169 | 187 |
| Income tax | 10 | −13 | −6 | 13 | 11 | 3 | 5 | 4 |
| Net income | −36 | −27 | 11 | 25 | 80 | 86 | 164 | 183 |
| Diluted EPS | −$0.24 | −$0.19 | $0.07 | $0.16 | $0.54 | $0.57 | $1.08 | $1.20 |
| EBITDA | −28 | −46 | −12 | 21 | 77 | 66 | 157 | 175 |
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Head to head: ROKU vs TKOAMC vs ROKUFWONK vs ROKUROKU vs WMG
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