Roku
ROKU Nasdaq· Movies & Entertainment
Last close · Oct 26, 2026
$157.23
KIRA · Stoqly’s AI analyst, in plain words
- Roku had $4.7B of revenue in fiscal 2025, up 15.2% on the year before. Over five years, revenue changed +21.7% a year on average.
- Its operating margin was −0.1%, up 5.2 pts: of every 100 in sales, about −0 is left after running the business.
- Roku made $88.4M of net profit in fiscal 2025.
- Free cash flow was $478M in fiscal 2025, 10.1% of revenue.
- Roku returned $150M to shareholders in fiscal 2025, 31% of free cash flow. The diluted share count rose 4.3%.
- Roku has $2.3B more cash than debt.
Market cap
$23.9B
P/E
66.9x
Revenue
$4.7B
Net income
$88.4M
Free cash flow
$478M
Operating margin
−0.1%
Roku in 30 seconds · fiscal 2025
Are sales growing?
+15.2%
Yes. Sales grew 15.2% last year.
Does it make a profit?
1.9%
A little. It keeps 1.9% of every sale as profit.
Does profit turn into cash?
10.1%
Yes. 10.1% of sales ends up as free cash.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
6 / 9
Mixed. It passes 6 of 9 health tests.
How is the share priced?
66.9x
One share costs 66.9 times its yearly profit per share. Typical for its sector: 17.1x.
What Roku does
Roku makes the software and devices that let people stream video on TVs. Its Roku TV operating system runs on its own streaming players and sticks and on TVs made by other brands under license. Roku also sells its own TVs, smart projectors, soundbars and smart home products. It says more than 90 million households stream on its platform, and that it has the most hours streamed among TV streaming platforms in the United States, Canada and Mexico. It reports two segments. Devices earns revenue from selling players, TVs and related products, mostly through retailers. Amazon, Best Buy, Walmart and Target together made up 81% of Devices revenue in 2025. Platform earns revenue from video advertising and from streaming services distribution, which covers revenue shares on subscriptions, Premium Subscriptions sold on its free Roku Channel, and branded buttons on its remote controls.
Biggest risks, in its own words
- Failing to stand apart from competitors and keep attracting and keeping users.
- Advertisers who spend their budgets on traditional TV or other digital platforms instead.
- Relying on a small number of content partners for nearly half of streaming hours.
- Sole-source suppliers for key chips and parts in its players and TVs.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 13, 2026
- Legal name
- Roku, Inc.
- CIK
- 0001428439
Roku · ROKU
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $2.8B | $3.1B | $3.5B | $4.1B | $4.7B |
| Revenue growth | 55.5% | 13.1% | 11.5% | 18.0% | 15.2% |
| Gross margin | 51.0% | 46.1% | 43.7% | 43.9% | 43.8% |
| Operating margin | 8.5% | −17.0% | −22.7% | −5.3% | −0.1% |
| Net income | $242M | −$498M | −$710M | −$129M | $88.4M |
| Net margin | 8.8% | −15.9% | −20.4% | −3.2% | 1.9% |
| Diluted EPS | $1.71 | −$3.62 | −$5.01 | −$0.89 | $0.59 |
| Cash | |||||
| Cash from operations | $228M | $11.8M | $256M | $218M | $484M |
| Capital expenditure | $40.0M | $162M | $82.6M | $5.1M | $5.3M |
| Free cash flow | $188M | −$150M | $173M | $213M | $478M |
| FCF margin | 6.8% | −4.8% | 5.0% | 5.2% | 10.1% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $150M |
| Share count change | 14.3% | −2.8% | 2.8% | 2.2% | 4.3% |
| Debt and strength | |||||
| Cash and short-term investments | $2.1B | $2.0B | $2.0B | $2.2B | $2.3B |
| Debt incl. finance leases | $89.9M | $80.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | $2.8B | $2.6B | $2.3B | $2.5B | $2.7B |
| Net debt / EBITDA | −7.9x | — | — | — | −58.0x |
| Current ratio | 4.2x | 2.7x | 2.4x | 2.6x | 2.8x |
| Interest coverage | 91.2x | −102.9x | −1,085.5x | −530.8x | −3.0x |
| Returns and quality | |||||
| Return on capital | 45.2% | −56.9% | −117.6% | — | — |
| Return on equity | 11.8% | −18.4% | −28.5% | −5.4% | 3.4% |
| Piotroski F-score | 7 | 4 | 4 | 6 | 6 |
| Altman Z'' | 6.3 | 3.1 | 1.8 | 3.1 | 3.7 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$157M
9 insiders
Of sales under plans
100%
$157M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Roku · ROKU
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Roku ROKU | $23.9B | 15.2% | −0.1% | 10.1% | — | 66.9x | 6 |
| TKO Group TKO | $13.0B | −3.1% | 17.6% | — | 5.9% | — | 5 |
| AMC Entertainment AMC | $2.1B | 4.6% | −0.4% | −7.6% | −0.8% | — | 2 |
| Warner Music Group WMG | — | 4.4% | 10.4% | 8.0% | 12.2% | — | — |
| Lionsgate Studios LION | $3.5B | 1.8% | 3.7% | 0.4% | 8.3% | — | 5 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $157.23 a share, the company is worth $23.9B: 66.9 times its earnings of the last four quarters.
Roku grew sales faster than 4 of its 4 similar companies.
Source: SEC EDGAR XBRL filings (CIK 0001428439). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.