Filing Flows › Roku (ROKU) › Q2 2025
Roku (ROKU) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 1, 2025
Roku (ROKU) reported revenue of $1.1B for the second quarter 2025 (Q2 2025), +15% from a year earlier and +9% from the quarter before. Operating margin was -2.1%, net earnings $10.5M (0.9% of revenue).
Roku, Q2 2025: revenue $1.1B (+15% year over year), operating margin -2.1%, net earnings $10.5M, operating cash flow $110M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +9% | +15% |
| Operating profit | −$23.3M | — | — |
| Net earnings | $10.5M | — | — |
| Operating cash flow | $110M | -21% | +369% |
| Free cash flow | $109M | -21% | +382% |
What changed
Revenue was $1.1B in Q2 2025, up 15% year over year and up 9% from the previous quarter.
Gross margin was 44.8%, up 0.9 points from a year earlier. Operating costs exceeded revenue by $0.02B, an operating margin of -2.1%. Operating expenses grew 5% against revenue growth of 15%. Net earnings were $0.01B. The tax line was a benefit of $0.01B on pre-tax earnings of $4.7M. Non-operating items added $0.03B, 599% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.11B (up 369% year over year), 1045% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $0.08B of share-based compensation. Capital expenditures of $1.1M left free cash flow of $0.11B.
Questions
What was Roku's revenue in the second quarter 2025?
Roku (ROKU) reported revenue of $1.1B for the second quarter 2025 (Q2 2025), +15% from a year earlier and +9% from the quarter before.
Was Roku profitable in the second quarter 2025?
Operating loss was $23.3M (-2.1% of revenue) and net earnings $10.5M.
Source: Roku 10-Q on SEC EDGAR.