Filing Flows › Roku (ROKU) › Q1 2025
Roku (ROKU) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Roku (ROKU) reported revenue of $1.0B for the first quarter 2025 (Q1 2025), +16% from a year earlier and -15% from the quarter before. Operating margin was -5.7%, net loss $27.4M (2.7% of revenue).
Roku, Q1 2025: revenue $1.0B (+16% year over year), operating margin -5.7%, net loss $27.4M, operating cash flow $139M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | -15% | +16% |
| Operating profit | −$57.7M | — | — |
| Net earnings | −$27.4M | — | — |
| Operating cash flow | $139M | +75% | +197% |
| Free cash flow | $137M | +78% | +197% |
What changed
Revenue was $1.0B in Q1 2025, up 16% year over year and down 15% from the previous quarter.
Gross margin was 43.6%, down 0.4 points from a year earlier. Operating costs exceeded revenue by $0.06B, an operating margin of -5.7%. Operating expenses grew 9% against revenue growth of 16%. The fastest-growing cost line was General & admin (+22%). The quarter ended with a net loss of $0.03B, narrower than the previous quarter's $0.04B loss. Non-operating items added $0.02B, -42% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.14B (up 197% year over year). Non-cash charges added back $0.01B of depreciation and amortization and $0.10B of share-based compensation. Working capital and other items added $0.06B. Capital expenditures of $1.9M left free cash flow of $0.14B.
Questions
What was Roku's revenue in the first quarter 2025?
Roku (ROKU) reported revenue of $1.0B for the first quarter 2025 (Q1 2025), +16% from a year earlier and -15% from the quarter before.
Was Roku profitable in the first quarter 2025?
Operating loss was $57.7M (-5.7% of revenue) and net loss $27.4M.
Source: Roku 10-Q on SEC EDGAR.