Roku, Inc (ROKU) Income Statement
ROKU 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsROKU revenue and net income
Where ROKU's revenue goes
2025Each bar shows an amount and its share of revenue. ROKU kept 1.9% of revenue as net income.
ROKU profit margins
ROKU growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +15.2% | +14.9% | +21.6% | +30.9% |
| Gross profit | +14.9% | +12.9% | +20.7% | +36.9% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ROKU quarterly EPS vs estimates
Roku beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 29, 2026 (estimate $0.56).
ROKU income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.74B | $4.11B | $3.48B | $3.13B | $2.76B | $1.78B | $1.13B | $742.5M | $512.8M | $398.6M |
| Cost of revenue | $2.66B | $2.31B | $1.96B | $1.69B | $1.36B | $970.2M | $633.7M | $410.4M | $312.9M | $277.6M |
| Gross profit | $2.07B | $1.81B | $1.52B | $1.44B | $1.41B | $808.2M | $495.2M | $332.1M | $199.8M | $121.0M |
| Research & development | $729.5M | $720.1M | $878.5M | $788.9M | $461.6M | $355.8M | $265.0M | $170.7M | $107.9M | $76.2M |
| Sales, general & admin | $1.35B | $1.30B | $1.44B | $1.18B | $711.9M | $472.7M | $295.3M | $174.8M | $111.5M | $88.2M |
| Total operating expenses | $2.08B | $2.02B | $2.31B | $1.97B | $1.17B | $828.5M | $560.3M | $345.4M | $219.4M | $164.4M |
| Operating income | −$5.6M | −$218.2M | −$792.4M | −$530.9M | $235.1M | −$20.3M | −$65.1M | −$13.3M | −$19.6M | −$43.4M |
| Interest income | — | — | — | — | — | — | $2.4M | $346,000 | $1.6M | $146,000 |
| Interest expense | $1.9M | $411,000 | $730,000 | $5.2M | $3.0M | $3.4M | $2.4M | $346,000 | $1.6M | $146,000 |
| Income before taxes | $93.9M | −$120.0M | −$699.4M | −$492.3M | $236.6M | −$18.5M | −$60.9M | −$9.3M | −$63.2M | −$42.5M |
| Income taxes | $5.5M | $9.4M | $10.1M | $5.7M | −$5.8M | −$945,000 | −$982,000 | −$476,000 | $315,000 | $211,000 |
| Net income | $88.4M | −$129.4M | −$709.6M | −$498.0M | $242.4M | −$17.5M | −$59.9M | −$8.9M | −$63.5M | −$42.8M |
| EBITDA | $436.4M | $219.9M | −$362.9M | −$148.6M | $408.8M | $49.9M | −$20.6M | −$598,000 | −$56.2M | −$38.1M |
| EPS (diluted) | $0.57 | −$0.69 | −$2.80 | −$3.59 | $1.71 | −$0.22 | −$0.52 | −$0.11 | −$8.80 | −$0.50 |
| Gross margin | 43.8% | 43.9% | 43.7% | 46.1% | 51.0% | 45.4% | 43.9% | 44.7% | 39.0% | 30.4% |
| Operating margin | −0.1% | −5.3% | −22.7% | −17.0% | 8.5% | −1.1% | −5.8% | −1.8% | −3.8% | −10.9% |
| Net margin | 1.9% | −3.1% | −20.4% | −15.9% | 8.8% | −1.0% | −5.3% | −1.2% | −12.4% | −10.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.35B | $1.25B | $1.39B | $1.21B | $1.11B | $1.02B | $1.20B | $1.06B | $968.2M | $881.5M | $984.4M | $912.0M |
| Cost of revenue | $681.0M | $683.9M | $788.1M | $685.7M | $613.4M | $575.6M | $688.5M | $582.1M | $543.5M | $493.2M | $546.5M | $543.2M |
| Gross profit | $673.7M | $564.9M | $606.8M | $524.9M | $497.7M | $445.0M | $512.6M | $480.1M | $424.7M | $388.3M | $437.9M | $368.8M |
| Research & development | $179.7M | $189.5M | $184.6M | $182.2M | $178.0M | $184.6M | $185.4M | $178.8M | $175.5M | $180.5M | $183.8M | $282.2M |
| Sales, general & admin | $347.8M | $102.5M | $356.2M | $333.2M | $343.0M | $318.2M | $366.3M | $337.0M | $320.5M | $279.9M | $358.3M | $436.4M |
| Total operating expenses | $527.5M | $513.2M | $540.8M | $515.4M | $521.0M | $502.8M | $551.7M | $515.8M | $495.9M | $460.3M | $542.1M | $718.6M |
| Operating income | $146.2M | $51.8M | $66.0M | $9.5M | −$23.3M | −$57.7M | −$39.1M | −$35.8M | −$71.2M | −$72.0M | −$104.2M | −$349.8M |
| Interest expense | $475,000 | $624,000 | $558,000 | $455,000 | $460,000 | $433,000 | $666,000 | $10,000 | $0 | $10,000 | $35,000 | $10,000 |
| Income before taxes | $169.4M | $88.6M | $91.7M | $38.0M | $4.7M | −$40.5M | −$25.9M | −$4.9M | −$43.1M | −$46.1M | −$76.5M | −$326.9M |
| Income taxes | $5.2M | $2.9M | $11.2M | $13.2M | −$5.8M | −$13.1M | $9.7M | $4.1M | −$9.2M | $4.8M | $1.8M | $3.2M |
| Net income | $164.2M | $85.7M | $80.5M | $24.8M | $10.5M | −$27.4M | −$35.5M | −$9.0M | −$34.0M | −$50.9M | −$78.3M | −$330.1M |
| EBITDA | $327.1M | $165.3M | $109.7M | $57.9M | $87.2M | $34.7M | $60.9M | $73.2M | −$15.4M | $30.2M | $6.4M | −$221.0M |
| EPS (diluted) | $1.18 | $0.57 | $0.53 | $0.16 | $0.07 | −$0.19 | −$0.24 | $0.07 | −$0.18 | −$0.34 | −$0.55 | −$0.33 |
| Gross margin | 49.7% | 45.2% | 43.5% | 43.4% | 44.8% | 43.6% | 42.7% | 45.2% | 43.9% | 44.1% | 44.5% | 40.4% |
| Operating margin | 10.8% | 4.1% | 4.7% | 0.8% | −2.1% | −5.7% | −3.3% | −3.4% | −7.4% | −8.2% | −10.6% | −38.4% |
| Net margin | 12.1% | 6.9% | 5.8% | 2.0% | 0.9% | −2.7% | −3.0% | −0.9% | −3.5% | −5.8% | −8.0% | −36.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ROKU's financial statements (latest annual report filed February 13, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ROKU financial results
In fiscal year 2025 (ended December 31, 2025), Roku reported revenue of $4.7 billion, up 15.2% from the year before. It had net income of $88.4 million, a net profit margin of 1.9%. Diluted earnings per share came to $0.57. Over five years revenue grew at an average rate of 21.6% a year.
See the ROKU stock overview for the latest quote and news, or the ROKU chart for price history and technical indicators.
ROKU income statement FAQ
What is Roku's annual revenue?
Roku reported total revenue of $4.7 billion for fiscal year 2025, which ended on December 31, 2025. That was up 15.2% from $4.1 billion the previous year.
Is Roku profitable?
Yes. Roku reported net income of $88.4 million in fiscal 2025, a net profit margin of 1.9%; its operating margin was −0.1%.
What is Roku's gross margin?
Roku's gross margin was 43.8% in fiscal 2025: for every $100 of revenue, Roku kept $44 after the direct cost of its products and services.
How much does Roku spend on research and development?
Roku spent $729.5 million on research and development in fiscal 2025, 15.4% of revenue.
How fast is Roku growing?
Revenue grew 21.6% a year on average over the last five fiscal years, from $1.8 billion to $4.7 billion.
What are Roku's earnings per share?
Roku earned $0.57 per diluted share in fiscal 2025, compared with $-0.69 a year earlier.
When will Roku report its next earnings?
Roku is expected to report results for the quarter ending September 30, 2026 on October 29, 2026.
When does Roku's fiscal year end?
Roku's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 13, 2026.