ROKUMEDIUM SIGNALOPERATIONAL10-K

Roku achieved a significant operational turnaround with operating losses narrowing substantially from $218.2M to $5.6M while maintaining solid revenue growth of 15.2%.

The dramatic improvement in operating performance suggests Roku's cost management initiatives are paying off, bringing the company much closer to profitability. The combination of continued revenue growth with sharply reduced losses indicates improved operational efficiency and better unit economics across the business.

Comparing 2026-02-13 vs 2025-02-14View on EDGAR →
FINANCIAL ANALYSIS

Roku delivered strong operational improvements with revenue growing 15.2% to $4.7B and gross profit expanding 14.9% to $2.1B, while operating losses narrowed substantially from $218.2M to just $5.6M. The company's cash position declined by 26.5% to $1.6B, likely reflecting operational cash usage and capital allocation decisions, while inventory decreased 27.6% suggesting improved demand forecasting or supply chain optimization. Overall, the financial picture shows a company approaching profitability with solid top-line growth and dramatically improved cost discipline.

FINANCIAL STATEMENT CHANGES
Operating Income
P&L
+97.4%
-$218.2M-$5.6M

Operating leverage kicking in — revenue growth outpacing cost growth, a hallmark of scaling businesses.

Inventory
Balance Sheet
-27.6%
$158.3M$114.6M

Inventory reduced 27.6% — lean inventory management or demand outpacing supply.

Cash & Equivalents
Balance Sheet
-26.5%
$2.2B$1.6B

Cash decreased 26.5% — monitor burn rate and upcoming capital needs.

Revenue
P&L
+15.2%
$4.1B$4.7B

Revenue growing 15.2% — solid top-line momentum, watch margins for quality of growth.

Gross Profit
P&L
+14.9%
$1.8B$2.1B

Gross profit expanding — improving pricing power or product mix shift toward higher-margin offerings.

LANGUAGE CHANGES
NEW — 2026-02-13
PRIOR — 2025-02-14
ADDED
As of January 31, 2026, the registrant had outstanding 130,717,715 shares of Class A common stock, $0.0001 par value per share and 16,710,064 shares of Class B common stock, $0.0001 par value per share.
Roku-made TVs include the Roku Select, Roku Plus, and Roku Pro Series TVs, as well as Hiro Roku TVs.
Roku media : Ad inventory sold by Roku, either directly or indirectly, on our home screen, in our owned and operated streaming apps, or in third-party streaming apps.
Roku streaming devices include Roku streaming players, Roku TV models, and Roku-made TVs.
Streaming Households : The number of distinct user accounts that have streamed on our platform within the last 30 days of the period.
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REMOVED
As of January 31, 2025, the registrant had outstanding 128,740,392 s hares of Class A common stock, $0.0001 par value per share and 17,204,064 s hares of Class B common stock, $0.0001 par value per share.
Roku-branded TVs include the Roku Select, Roku Plus, and Roku Pro Series TVs.
Roku streaming devices include Roku streaming players, Roku TV models, and Roku-branded TVs.
Streaming Households (previously Active Accounts): The number of distinct user accounts that have streamed content on our platform within the last 30 days of the period.
While we changed this term to better reflect the nature of our business, we calculate it using the same methodology that we used to calculate Active Accounts.
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