Communication Services · Entertainment
Price
$135.40
Market Cap
$20.1B
Employees
3,340
Beta
2.03
Avg Volume
3,912,408
CEO
Anthony J. Wood
Business Description
Roku, Inc., alongside its affiliated companies, operates a significant platform for television streaming. The enterprise is segmented into two primary areas: Platform and Player. Through its platform, users can effortlessly explore and access a vast selection of content, including films, television series, live broadcasts, news updates, sports events, and other forms of entertainment. As of December 31, 2021, Roku had garnered 60.1 million active user accounts. Beyond its core streaming service, Roku generates revenue from diverse offerings such as digital and video advertisements, content distribution, and the management of subscriptions and billing. The company also facilitates various e-commerce transactions and provides opportunities for brand sponsorship and promotions. Roku further diversifies its business by manufacturing, marketing, and licensing smart televisions under the "Roku TV" brand. Additionally, it offers a line of Roku-branded hardware, which includes streaming devices, audio equipment, and related accessories. A specific revenue stream comes from selling dedicated channel buttons that are integrated into the remote controls of its streaming gadgets. Roku distributes its comprehensive range of products and services through multiple channels: traditional retail outlets, specialized distributors, and directly to consumers via its official website. Its operational footprint extends across the United States, Canada, the United Kingdom, France, Mexico, Brazil, Chile, Peru, and broadly throughout both North and South America, as well as Europe. Roku, Inc. was founded in 2002 and is headquartered in San Jose, California.
Business History
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
225.67
Stock Price: $135.40
EPS (Diluted): 0.60
EPS (Diluted): 0.60
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
6.01
Stock Price: $135.40
Total Equity: $2.66B
Shares: 150,912,000
Total Equity: $2.66B
Shares: 150,912,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
34.94
Market Cap: $20.09B
Total Debt: $435.90M
Cash: $1.59B
EBITDA: $436.40M
Total Debt: $435.90M
Cash: $1.59B
EBITDA: $436.40M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$15.2B
Market Cap: $20.09B
Total Debt: $435.90M
Cash: $1.59B
Total Debt: $435.90M
Cash: $1.59B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
43.8%
Gross Profit: $2.07B
Revenue: $4.74B
Revenue: $4.74B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-0.1%
Operating Income: -$5.62M
Revenue: $4.74B
Revenue: $4.74B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
1.9%
Net Income: $88.36M
Revenue: $4.74B
Revenue: $4.74B
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
3.3%
Net Income: $88.36M
Total Equity: $2.66B
Total Equity: $2.66B
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
-0.4%
Operating Income: -$5.62M
Tax Rate: 5.9%
Equity: $2.66B
Total Debt: $435.90M
Cash: $1.59B
Tax Rate: 5.9%
Equity: $2.66B
Total Debt: $435.90M
Cash: $1.59B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
2.75
Current Assets: $3.40B
Current Liabilities: $1.24B
Current Liabilities: $1.24B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.16
Short-Term Debt: $0.00
Long-Term Debt: $435.90M
Total Debt: $435.90M
Total Equity: $2.66B
Long-Term Debt: $435.90M
Total Debt: $435.90M
Total Equity: $2.66B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$31.39
Revenue: $4.74B
Shares: 150,912,000
Shares: 150,912,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$17.61
Total Equity: $2.66B
Shares: 150,912,000
Shares: 150,912,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$3.17
Operating CF: $483.72M
CapEx: -$5.28M
Shares: 150,912,000
CapEx: -$5.28M
Shares: 150,912,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $135.40
Stock Price: $135.40
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $88.36M
Net Income: $88.36M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares ROKU against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 22, 2026 7:45pm (4d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $2.8B | $3.1B | $3.5B | $4.1B | $4.7B |
| Cost of Revenue | $1.4B | $1.7B | $2.0B | $2.3B | $2.7B |
| Gross Profit | $1.4B | $1.4B | $1.5B | $1.8B | $2.1B |
| Operating Expenses | $1.2B | $2.0B | $2.3B | $2.0B | $2.1B |
| Operating Income | $235.1M | -$530.9M | -$792.4M | -$218.2M | -$5.6M |
| Net Income | $242.4M | -$498.0M | -$709.6M | -$129.4M | $88.4M |
| EBITDA | $408.8M | -$148.6M | -$362.9M | $219.9M | $436.4M |
| EPS | $1.83 | $-3.62 | $-5.01 | $-0.89 | $0.60 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 22, 2026 7:45pm (4d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $2.1B | $2.0B | $2.0B | $2.2B | $1.6B |
| Total Current Assets | $3.1B | $3.0B | $3.1B | $3.2B | $3.4B |
| Total Assets | $4.1B | $4.4B | $4.3B | $4.3B | $4.4B |
| Current Liabilities | $729.6M | $1.1B | $1.3B | $1.2B | $1.2B |
| Long-Term Debt | $80.0M | $0 | $0 | $0 | $435.9M |
| Total Liabilities | $1.3B | $1.8B | $1.9B | $1.8B | $1.8B |
| Total Equity | $2.8B | $2.6B | $2.3B | $2.5B | $2.7B |
| Retained Earnings | -$90.0M | -$588.0M | -$1.3B | -$1.4B | -$1.5B |
Cash Flow (Annual)
Last updated: Jun 22, 2026 7:45pm (4d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $228.1M | $11.8M | $255.9M | $218.0M | $483.7M |
| Capital Expenditure | -$40.0M | -$161.7M | -$82.6M | -$5.1M | -$5.3M |
| Free Cash Flow | $188.0M | -$149.9M | $173.2M | $213.0M | $478.4M |
| Acquisitions (net) | -$136.8M | $0 | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | -$150.0M |
| Net Change in Cash | $1.1B | -$185.7M | $104.6M | $94.0M | -$573.6M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 12:39am (8h ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$6.2B $6.1B – $6.4B
|
$7.0B $7.0B – $7.0B
|
$7.5B $7.3B – $7.7B
|
$7.9B $7.7B – $8.1B
|
| EBITDA |
$176.4M $172.2M – $182.0M
|
$199.4M $199.3M – $199.5M
|
$212.4M $208.3M – $217.8M
|
$222.6M $218.4M – $228.3M
|
| Net Income |
$541.1M $486.0M – $668.2M
|
$794.6M $525.3M – $985.7M
|
$957.4M $933.7M – $989.3M
|
$1.0B $1.0B – $1.1B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 22, 2026 7:45pm (4d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +13.1% | +11.5% | +18.0% | +15.2% |
| Gross Profit Growth | +2.3% | +5.7% | +18.6% | +14.9% |
| Operating Income Growth | -325.8% | -49.3% | +72.5% | +97.4% |
| Net Income Growth | -305.5% | -42.5% | +81.8% | +168.3% |
| EBITDA Growth | -136.4% | -144.2% | +160.6% | +98.5% |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for ROKU — it's generated by the pipeline (
market-narrative step).
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My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30