Roku, Inc. (ROKU) Stock Analysis
Communication Services · Entertainment · NasdaqGS
Roku, Inc. (ROKU) posted $4.74B in revenue for fiscal 2025 (up 15.2% year over year), at a 1.9% net margin, and has compounded revenue about 21.6%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Roku, Inc.
Roku, Inc. has grown revenue from $398.65M to $4.74B over the last 10 fiscal years, compounding about 21.6% a year. The most recent year was up 15.2%, so growth has cooled from its longer-run pace.
Net margin sits at 1.9%, up 5 points year over year on a 43.8% gross margin.
At today's valuation the market is pricing in roughly 15.9% annual free-cash-flow growth — versus the 48.7% it actually delivered over the last five years, so the price is arguably undemanding against what it has already proven. The one thing worth a second look in the filings is share count rising (dilution).
Synthesised from Roku, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Roku, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $398.65M | $512.76M | $742.51M | $1.13B | $1.78B | $2.76B | $3.13B | $3.48B | $4.11B | $4.74B |
| Gross profit | $121.05M | $199.83M | $332.15M | $495.22M | $808.22M | $1.41B | $1.44B | $1.52B | $1.81B | $2.07B |
| Net income | $-42.76M | $-63.51M | $-8.86M | $-59.94M | $-17.51M | $242.38M | $-498.00M | $-709.56M | $-129.39M | $88.36M |
| Net margin | -10.7% | -12.4% | -1.2% | -5.3% | -1.0% | 8.8% | -15.9% | -20.4% | -3.1% | 1.9% |
Source: Roku, Inc. SEC filings (10-K). 11 years of history available in the interactive view.
Roku, Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Share count rising (dilution)Shares outstanding grew 9.4% over 4 years (135.1M → 147.9M) — existing holders' stakes are being diluted.
What growth is priced into ROKU stock?
At today's market cap of $17.46B, Roku, Inc. is priced for free-cash-flow growth of about 15.9% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $478.44M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 48.7%/yr over the last five fiscal years and revenue 21.6%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 11 years of Roku, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Roku, Inc. financial history by metric
Compare Roku, Inc. with peers
About Roku, Inc.
Roku, Inc., together with its subsidiaries, operates a TV streaming platform in the United States and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others, as well as offers digital advertising services. The company also sells streaming players, Roku-branded TVs, smart home products and services, audio products, and related accessories. Roku, Inc. was incorporated in 2002 and is headquartered in San Jose, California.
Roku, Inc. — frequently asked questions
What is Roku, Inc.'s revenue?
Roku, Inc. (ROKU) reported revenue of $4.74B for fiscal year 2025, up 15.2% from the prior year, according to its SEC filings.
Is Roku, Inc. profitable?
Yes. ROKU earned net income of $88.36M in fiscal 2025, a net margin of 1.9%.
What is ROKU's P/E ratio?
Roku, Inc. trades at a price-to-earnings ratio of about 88.2 based on the latest data in our nightly-refreshed cache.
How fast is Roku, Inc. growing?
ROKU's revenue grew at roughly 21.6% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Roku, Inc. have?
As of fiscal year 2025, ROKU carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Roku, Inc.'s gross margin?
ROKU's gross margin was 43.8% in fiscal 2025 — gross profit of $2.07B on revenue of $4.74B.
What is Roku, Inc.'s market cap?
Roku, Inc. (ROKU) has a market capitalization of about $17.46B, based on the latest data in our nightly-refreshed cache.
When does Roku, Inc.'s fiscal year end?
ROKU's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into ROKU stock?
At today's market cap of $17.46B, Roku, Inc. is priced for free-cash-flow growth of about 15.9% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $478.44M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 48.7%/yr over the last five fiscal years and revenue 21.6%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Roku, Inc.'s official SEC filings (10-K and 10-Q), covering 11 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.