Roku, Inc 8-K, filed Nov 2, 2026

Roku, Inc (ROKU)

8-K 2026-11-02 For: 2026-11-02

Added on November 02, 2026

About this 8-K

Roku, Inc filed this 8-K on November 2, 2026.

Roku reported Q3 results for the quarter ended September 30, 2026: total net revenue of $1.5 billion, up 24% YoY; platform revenue of $1.3 billion, up 23% YoY; net income of $183 million; and Free Cash Flow (TTM) of $796 million. AI summary

Items reported

Item 2.02: Financial results
Item 9.01: Financial statements and exhibits

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Delaware	001-38211	26-2087865
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1173 Coleman Ave San Jose, California		95110
(Address of Principal Executive Offices)		(Zip Code)


Title of Each Class:	Trading Symbol(s):	Name of Exchange on Which Registered:
Class A Common Stock, $0.0001 par value	ROKU	The Nasdaq Global Select Market


(d)						Exhibits.

Exhibit Number						Description

99.1*						Shareholder Letter dated November 2 , 2026

104						Cover Page Interactive Data File (embedded within the Inline XBRL document)


	Roku, Inc.

Dated: November 2, 2026
	By:	/s/ Dan Jedda
		Dan Jedda
		Chief Financial Officer and Chief Operating Officer






Summary Financials ($ in millions)	Q3 25		Q4 25		Q1 26		Q2 26		Q3 26		YoY %
Advertising	$591.2		$714.7		$612.7		$672.8		$727.4		23	%
Subscriptions	473.4		509.3		518.5		548.2		580.9		23	%
*Platform revenue	1,064.6		1,224.0		1,131.2		1,221.0		1,308.3		23	%
Devices revenue	146.0		170.9		117.6		133.7		193.7		33	%
Total net revenue	1,210.6		1,394.9		1,248.9		1,354.7		1,502.0		24	%





Advertising	345.5		428.2		371.0		420.0		459.4		33	%
Subscriptions	202.3		218.4		213.1		226.7		237.7		18	%
Platform gross profit	547.8		646.7		584.1		646.8		697.1		27	%
Devices gross profit (loss)	(22.9)		(39.9)		(19.1)		26.9		(48.6)		(112)	%
Total gross profit	524.9		606.8		564.9		673.7		648.5		24	%
Advertising gross margin %	58.4	%	59.9	%	60.5	%	62.4	%	63.2	%	4.7	pts
Subscriptions gross margin %	42.7	%	42.9	%	41.1	%	41.4	%	40.9	%	(1.8)	pts
Platform gross margin %	51.5	%	52.8	%	51.6	%	53.0	%	53.3	%	1.8	pts
Devices gross margin %	(15.7)	%	(23.3)	%	(16.3)	%	20.1	%	(25.1)	%	(9.4)	pts
Total gross margin %	43.4	%	43.5	%	45.2	%	49.7	%	43.2	%	(0.2)	pts
Research and development	182.2		184.6		189.5		179.7		186.9		3	%
Sales and marketing	242.1		255.3		221.2		223.2		190.9		(21)	%
General and administrative	91.1		100.9		102.5		124.6		106.7		17	%
Total operating expenses	515.4		540.8		513.2		527.5		484.4		(6)	%
Income from operations	9.5		66.0		51.8		146.2		164.1		1633	%
Net income	24.8		80.5		85.7		164.2		183.3		639	%
*Adjusted EBITDA A	116.9		169.4		148.4		254.3		248.8		113	%
Adjusted EBITDA margin %	9.7	%	12.1	%	11.9	%	18.8	%	16.6	%	6.9	pts
Cash flow from operations (TTM)	455.4		483.7		544.1		719.0		810.9		78	%
*Free cash flow (TTM) A	443.0		483.6		538.8		704.1		795.7		80	%


☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


Investor Relations Conrad Grodd cgrodd@roku.com			Media Kelli Raftery kraftery@roku.com


	Three Months Ended				Nine Months Ended
	September 30, 2026		September 30, 2025		September 30, 2026		September 30, 2025
Net revenue:
Platform:
Advertising	$	727,416	$	591,243	$	2,012,937	$	1,613,119
Subscriptions	580,909		473,401		1,647,587		1,307,813
Total Platform	1,308,325		1,064,644		3,660,524		2,920,932
Devices	193,697		145,994		445,067		421,416
Total net revenue	1,502,022		1,210,638		4,105,591		3,342,348
Cost of revenue:
Platform:
Advertising	268,024		245,736		762,538		695,565
Subscriptions	343,180		271,133		970,028		715,605
Total Platform	611,204		516,869		1,732,566		1,411,170
Devices	242,294		168,870		485,869		463,576
Total cost of revenue	853,498		685,739		2,218,435		1,874,746
Gross profit (loss):
Platform:
Advertising	459,392		345,507		1,250,399		917,554
Subscriptions	237,729		202,268		677,559		592,208
Total Platform	697,121		547,775		1,927,958		1,509,762
Devices	(48,597)		(22,876)		(40,802)		(42,160)
Total gross profit	648,524		524,899		1,887,156		1,467,602
Operating expenses:
Research and development	186,865		182,235		556,037		544,831
Sales and marketing	190,878		242,077		635,322		709,026
General and administrative	106,693		91,121		333,762		285,342
Total operating expenses	484,436		515,433		1,525,121		1,539,199
Income (loss) from operations	164,088		9,466		362,035		(71,597)
Other income, net:
Interest expense	(593)		(455)		(1,692)		(1,348)
Other income, net	23,867		29,019		85,055		75,134
Total other income, net	23,274		28,564		83,363		73,786
Income before income taxes	187,362		38,030		445,398		2,189
Income tax expense (benefit)	4,023		13,218		12,143		(5,695)
Net income	$	183,339	$	24,812	$	433,255	$	7,884

Net income per share — basic	$	1.23	$	0.17	$	2.93	$	0.05
Net income per share — diluted	$	1.20	$	0.16	$	2.85	$	0.05

Weighted-average common shares outstanding — basic	148,646		147,466		148,047		146,855
Weighted-average common shares outstanding — diluted	152,636		151,580		151,856		150,449


	As of
	September 30, 2026		December 31, 2025
Assets
Current assets:
Cash and cash equivalents	$	2,518,753	$	1,587,068
Short-term investments	201,816		730,213
Accounts receivable, net of allowances of $61,976 and $80,448 as of September 30, 2026, and December 31, 2025, respectively	887,822		879,871
Inventories	169,776		114,642
Prepaid expenses and other current assets	173,374		89,716
Total current assets	3,951,541		3,401,510
Property and equipment, net	143,213		173,577
Operating lease right-of-use assets	222,564		260,341
Content assets, net	181,041		167,908
Intangible assets, net	38,932		50,207
Goodwill	309,406		309,406
Other non-current assets	77,375		70,534
Total Assets	$	4,924,072	$	4,433,483
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable	$	349,178	$	158,640
Accrued liabilities	993,574		957,983
Deferred revenue, current portion	118,758		120,912
Total current liabilities	1,461,510		1,237,535
Deferred revenue, non-current portion	26,018		28,848
Operating lease liability, non-current portion	317,968		435,899
Other long-term liabilities	83,274		73,256
Total Liabilities	1,888,770		1,775,538
Stockholders’ Equity:
Common stock, $0.0001 par value	15		15
Additional paid-in capital	4,254,388		4,145,485
Accumulated other comprehensive income (loss)	(1,060)		1,039
Accumulated deficit	(1,218,041)		(1,488,594)
Total stockholders’ equity	3,035,302		2,657,945
Total Liabilities and Stockholders’ Equity	$	4,924,072	$	4,433,483


	Nine Months Ended
	September 30, 2026		September 30, 2025
Cash flows from operating activities:
Net income	$	433,255	$	7,884
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	46,237		51,514
Stock-based compensation expense	233,294		268,165
Amortization of right-of-use assets	36,974		36,231
Amortization and write-off of content assets	170,453		153,608
Foreign currency remeasurement losses	1,876		196
Change in fair value of strategic investment in convertible promissory notes	—		324
Impairment (gain) on lease terminations	(17,409)		2,870
Provision for credit losses	2,625		2,252
Other items, net	(7,171)		(558)
Changes in operating assets and liabilities:
Accounts receivable	(11,195)		71,033
Inventories	(55,134)		17,589
Prepaid expenses and other current assets	(70,060)		(1,041)
Content assets and liabilities, net	(169,407)		(123,461)
Other non-current assets	(14,166)		6,859
Accounts payable	191,131		(120,826)
Accrued liabilities	37,077		75,615
Operating lease liabilities	(101,905)		(60,338)
Other long-term liabilities	1,725		(7,456)
Deferred revenue	(4,984)		(4,392)
Net cash provided by operating activities	703,216		376,068
Cash flows from investing activities:
Purchases of property and equipment	(8,320)		(4,189)
Purchase of business, net of cash acquired	—		(95,090)
Sale (Purchase) of strategic investment	18,399		(7,000)
Purchases of short-term investments	(425,000)		(725,000)
Sales and maturities of short-term investments	950,000		—
Repayments of convertible promissory notes	—		10,000
Net cash provided by (used in) investing activities	535,079		(821,279)
Cash flows from financing activities:


Proceeds from equity issued under incentive plans	43,219		18,320
Taxes paid related to net share settlement of equity awards	(167,610)		(115,071)


	Nine Months Ended
	September 30, 2026		September 30, 2025




Supplemental disclosures of cash flow information:
Cash paid for interest	$	1,224	$	693
Cash paid for (refunded from) income taxes, net	$	(33)	$	12,523





Supplemental disclosures of non-cash investing and financing activities:
Non-cash contingent consideration for business combination	$	—	$	65,815


Unpaid portion of property and equipment purchases	$	435	$	71


	Q3 25		Q4 25		Q1 26		Q2 26		Q3 26
Net cash provided by operating activities	$	455,360	$	483,718	$	544,126	$	719,037	$	810,866
Less: Purchases of property and equipment	(6,647)		(5,280)		(6,483)		(9,131)		(9,411)
Add/(Less): Effect of exchange rate changes on cash, cash equivalents and restricted cash	(5,706)		5,179		1,126		(5,835)		(5,706)
Free cash flow (TTM)	$	443,007	$	483,617	$	538,769	$	704,071	$	795,749