For the year ending 2025-12-31, ROKU had -$578,750K decrease in cash & cash equivalents over the period. $478,438K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income (loss) | 88,361 | -129,386 | -709,561 | -498,005 |
| Depreciation and amortization | 68,904 | 62,714 | 70,447 | 48,651 |
| Stock-based compensation expense | 354,169 | 384,662 | 370,130 | 359,931 |
| Amortization of right-of-use assets | 48,465 | 47,371 | 57,579 | 55,507 |
| Amortization and write-off of content assets | 223,230 | 229,340 | 207,852 | 234,355 |
| Foreign currency remeasurement losses | -1,117 | -6,447 | -1,457 | 8,230 |
| Change in fair value of strategic investment in convertible promissory notes | 2,940 | 1,409 | 4,348 | -532 |
| Change in fair value of contingent consideration | 2,301 | - | - | - |
| Impairment of intangible assets | - | - | - | 7,500 |
| Impairment of assets | 2,870 | 29,118 | 269,402 | - |
| Provision for credit losses | 2,439 | 790 | 1,674 | 2,081 |
| Other items, net | 1,493 | -2,845 | -1,510 | -190 |
| Accounts receivable | 63,464 | -1,893 | 56,937 | 10,887 |
| Inventories | -43,629 | 66,142 | -14,725 | 56,471 |
| Prepaid expenses and other current assets | -2,249 | 11,299 | -15,058 | 15,941 |
| Content assets and liabilities, net | 184,457 | 193,046 | 267,155 | 313,204 |
| Other non-current assets | -7,990 | 11,769 | 592 | 7,304 |
| Accounts payable | -122,503 | -110,678 | 248,175 | 14,190 |
| Accrued liabilities | 87,621 | 38,385 | 57,714 | 167,526 |
| Operating lease liabilities | -80,493 | -63,835 | -27,786 | -9,245 |
| Other long-term liabilities | 7,724 | 3,695 | -1,309 | -403 |
| Deferred revenue | -4,987 | 4,039 | 10,841 | 41,402 |
| Net cash provided by operating activities | 483,718 | 218,045 | 255,856 | 11,795 |
| Purchases of property and equipment | 5,280 | 5,061 | 82,619 | 161,696 |
| Purchase of business, net of cash acquired | 95,090 | - | 0 | 0 |
| Purchases of strategic investments | 7,000 | - | - | - |
| Proceeds from escrows associated with acquisition | - | - | - | 0 |
| Purchases of short-term investments | 725,000 | - | - | - |
| Purchase of strategic investments | - | 20,000 | 10,000 | 40,000 |
| Repayments of convertible promissory notes | -50,000 | - | - | - |
| Net cash used in investing activities | -782,370 | -25,061 | -92,619 | -201,696 |
| Proceeds from borrowings, net of issuance costs | - | - | - | 0 |
| Repayments of borrowings | 0 | 0 | 80,000 | 10,000 |
| Issuance costs related to credit agreement | 0 | 2,227 | - | - |
| Proceeds from equity issued under incentive plans | 34,734 | 9,380 | 18,757 | 18,357 |
| Taxes paid related to net share settlement of equity awards | 164,850 | 96,356 | - | - |
| Proceeds from equity issued under at-the-market offerings, net of offering costs | - | - | 0 | 0 |
| Repurchases of common stock | 149,982 | - | - | - |
| Net cash used in financing activities | -280,098 | -89,203 | -61,243 | 8,357 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | -578,750 | 103,781 | 101,994 | -181,544 |
| Effect of exchange rate changes on cash | 5,179 | -9,746 | 2,654 | -4,170 |
| Cash and cash equivalents at beginning of period | 2,160,639 | 2,066,604 | 1,961,956 | 2,147,670 |
| Cash and cash equivalents at end of period | 1,587,068 | 2,160,639 | 2,066,604 | 1,961,956 |
ROKU, INC (ROKU)
ROKU, INC (ROKU)