Roku Inc (ROKU)
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Roku pulled off what most turnaround candidates never manage: after more than $1.3 billion in combined losses (2022–2024), 2025 brought the first annual profit, and the first quarter of 2026 turned the operating line clearly positive — our in-house turnaround scanner ranks the stock no. 4 in its U.S. selection with 7 of 8 checklist points (as of July 18, 2026). Then, on June 14, 2026, Fox Corporation agreed to buy the company: $96 in cash plus 0.9693 Fox shares per Roku share. We read the annual reports (10-K), the quarterly report (10-Q) and the merger filing (8-K) — and found why the vote on the deal was effectively over before it was called. Not investment advice — just the math on what a turnaround is worth once its ending has already been sold.
Appears in These Scanners
This stock currently matches 15 of our scanner strategies — each hit links to the scanner.
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners
Basics
Performance
Valuation
Profitability
Balance Sheet & Safety
Growth
Quality & Screener
AI Rating
Uses AIRoku setzt KI laut 10-K/10-Q operativ ein — Empfehlungs-Engine und KI-gestützte Content-Row auf dem Startbildschirm, Messung und Performance im Werbe-Tool Roku Ads Manager sowie interne Produktivität —, verkauft aber keine KI-Produkte als eigene Umsatzquelle; die Erlöse stammen aus Werbung, Abo-Provisionen und Geräten.
View the full file — quotes, sources, reviewed filings
„We have incorporated and intend to continue to incorporate AI technologies, such as machine learning and generative AI, into our operations, products, and services. For example, we use AI technologies to power our content recommendation engine and our content row on the Roku Home Screen to provide more personalized recommendations. We also use AI technologies to improve measurement and performance in Roku Ads Manager and drive internal operational productivity and efficiency."
Wir haben KI-Technologien wie maschinelles Lernen und generative KI in unsere Abläufe, Produkte und Dienste integriert und beabsichtigen, dies weiter zu tun. Beispielsweise nutzen wir KI-Technologien für unsere Inhalte-Empfehlungs-Engine und unsere Content-Row auf dem Roku-Startbildschirm, um persönlichere Empfehlungen zu geben. Außerdem nutzen wir KI-Technologien, um Messung und Performance im Roku Ads Manager zu verbessern und die interne operative Produktivität und Effizienz zu steigern.
„Our Home Screen includes features such as our content row (located on the top right), which we launched in 2024 to make personalized, AI-powered recommendations to our users."
Unser Startbildschirm umfasst Funktionen wie unsere Content-Row (oben rechts), die wir 2024 eingeführt haben, um unseren Nutzern personalisierte, KI-gestützte Empfehlungen zu geben.
„our ability to adapt to changing market conditions and technological developments, including our ability to successfully incorporate artificial intelligence into our operations, products, and services"
unsere Fähigkeit, uns an veränderte Marktbedingungen und technologische Entwicklungen anzupassen — einschließlich unserer Fähigkeit, Künstliche Intelligenz erfolgreich in unsere Abläufe, Produkte und Dienste zu integrieren
Filings Reviewed: 10-Q 2026-05-01 · 10-Q 2025-10-31 · 10-Q 2025-08-01 · 10-Q 2025-05-02 · 10-K 2026-02-13 · 10-K 2025-02-14
Rated on July 19, 2026 · How the Rating Is Built
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | -0.24 | – | 1,201 | 22.00 | -3.00 | 79 | 77 |
| 2025: Q1 | -0.19 | – | 1,021 | 15.80 | -2.70 | 139 | 137 |
| 2025: Q2 | 0.07 | – | 1,111 | 14.80 | 0.90 | 110 | 109 |
| 2025: Q3 | 0.16 | – | 1,211 | 14.00 | 2.00 | 128 | 127 |
| 2025: Q4 | 0.53 | – | 1,395 | 16.10 | 5.80 | 223 | 222 |
| 2026: Q1 | 0.57 | – | 1,249 | 22.40 | 6.90 | 199 | 196 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Assessment: Opportunities & Risks
Net result from −$709.6 million (2023) to +$88.4 million (2025), Adjusted EBITDA from $4.3 million to $420.5 million, free cash flow of $483.6 million (TTM) — and in the first quarter of 2026 the first clearly positive operating income (+$51.8 million) on 22 percent revenue growth (10-K 2025; 10-Q as of 03/31/2026).
More than 90 million streaming households, 145.6 billion streaming hours in 2025 (+15 percent), advertising up 27 and subscription revenue up 30 percent in the latest quarter — the leading platform by hours streamed in the U.S., Canada, and Mexico (10-K 2025; 10-Q).
Per share $96.00 in cash plus 0.9693 Fox shares (~$160 at announcement); antitrust clearances and registration outstanding, long-stop date March 14, 2028; if regulators block the deal, Fox pays Roku $1.237 billion (8-K dated 06/15/2026). A good 40 percent of the consideration fluctuates with the Fox share price.
Anthony Wood controls a majority of the voting power with just 11.6 percent of the shares (Class B: 10 votes); roughly 55 percent of the votes are already contractually committed to the deal via voting and support agreement — Class A holders vote, but decide nothing (10-K 2025, Item 1A; 8-K dated 06/15/2026).
2025 was still operationally negative at −$5.6 million — the annual profit came from $101.4 million of interest income; accumulated deficit of $1,488.6 million, stock-based compensation of $354.2 million (four times net profit), weighted share count up from 141.6 to 147.2 million within two years (10-K 2025).
Devices are sold at a negative gross margin by stated strategy (−$82.0 million in 2025, −$19.1 million in Q1 2026 on revenue down 16 percent); the platform defends its households against Amazon, Google, and the TV makers through subsidy — without pricing power (10-K 2025).
Roku is the rare turnaround that could end up in a textbook: three years of shrinking losses, then the first annual profit, then the first operationally green quarter — on $2.4 billion of cash and no drawn debt. But since June 14, 2026, the stock is no longer a pure turnaround bet: Fox is buying at $96.00 in cash plus 0.9693 of its own shares per Roku share, roughly 55 percent of the voting power has committed, and the founder controls a majority of the votes with 11.6 percent of the shares. Whoever buys today is mostly buying a claim on closing, with Fox price risk attached — the turnaround is the safety net now, not the bet. Not investment advice.
- ROKU entered the research list as rank 4 of our in-house turnaround scanner (U.S. selection, checklist 7 of 8, as of July 18, 2026) — part of our series on the top 20 of that selection.
- Scanner metrics (P/E, P/S, Piotroski, Altman Z, relative strength, insider and fund data) use trailing twelve-month figures as of July 18, 2026; the missing eighth checklist point is the insider buying signal (20 sales, 0 purchases).
- Price and market value figures (~$135, ~$20 billion) are from the July 18, 2026 feed, sanity-checked against 147.5 million weighted shares per the 10-Q as of March 31, 2026; the deal value implied at announcement (~$160) comes from Fox's investor presentation (Form 425) and moves with the Fox share price; analyses are evergreen, daily prices are not a buy argument.
About the Company
Roku, Inc. betreibt mit ihren Tochtergesellschaften eine TV-Streamingplattform in den USA und international.
| CEO Insider Trades (12 Mo.) | selling own stock |
|---|---|
| Employees | 3,600 |
| Headquarters | San Jose, CA |
| Website | roku.com |
| IPO Date | 28. Sep 2017 |
| Next Earnings | 30. Jul 2026 |
Management
| Name | Title | Birth Year |
|---|---|---|
| Anthony J. Wood | Founder, Chairman, President & CEO | 1966 |
| Dan Jedda CPA | COO & CFO | 1972 |
| Mustafa Ozgen | President of Devices, Product & Technology | 1968 |
| Christopher T. Handman J.D. | Senior VP & General Counsel | 1973 |
| Charlie Collier | President of Roku Media | 1978 |
| Matthew C. Banks | VP, Corporate Controller & Chief Accounting Officer | 1978 |
| Conrad Grodd | Vice President of Investor Relations | – |
| Kelli Raftery | Vice President of Global Communications | 1973 |
| Gilbert Fuchsberg | President of Subscriptions, Partnerships & Corporate Development | 1963 |
| Ilya Asnis | Senior Vice President of Roku OS | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Chart
Interactive price chart (TradingView).
Data as of: July 20, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.