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Roku (ROKU) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 31, 2025
Roku (ROKU) reported revenue of $1.2B for the third quarter 2025 (Q3 2025), +14% from a year earlier and +9% from the quarter before. Operating margin was 0.8%, net earnings $24.8M (2.0% of revenue).
Roku, Q3 2025: revenue $1.2B (+14% year over year), operating margin 0.8%, net earnings $24.8M, operating cash flow $128M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +9% | +14% |
| Gross profit | $525M | +5% | +9% |
| Operating profit | $9.5M | — | — |
| Net earnings | $24.8M | +136% | — |
| Operating cash flow | $128M | +16% | +86% |
| Free cash flow | $126M | +16% | +87% |
What changed
Revenue was $1.2B in Q3 2025, up 14% year over year and up 9% from the previous quarter.
Gross margin was 43.4%, down 1.8 points from a year earlier. Operating profit was $0.01B, a 0.8% margin (up 4.1 points year over year). Operating expenses fell 0% while revenue rose 14%. Net earnings were $0.02B. The effective tax rate was 34.8%. Non-operating items added $0.03B, 75% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.13B (up 86% year over year), 514% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $0.09B of share-based compensation. Capital expenditures of $1.1M left free cash flow of $0.13B.
Questions
What was Roku's revenue in the third quarter 2025?
Roku (ROKU) reported revenue of $1.2B for the third quarter 2025 (Q3 2025), +14% from a year earlier and +9% from the quarter before.
Was Roku profitable in the third quarter 2025?
Operating profit was $9.5M (0.8% of revenue) and net earnings $24.8M.
Source: Roku 10-Q on SEC EDGAR.