Filing Flows › Roku (ROKU) › Q4 2025
Roku (ROKU) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 13, 2026
Roku (ROKU) reported revenue of $1.4B for the fourth quarter 2025 (Q4 2025), +16% from a year earlier and +15% from the quarter before. Operating margin was 4.7%, net earnings $80.5M (5.8% of revenue).
Roku, Q4 2025: revenue $1.4B (+16% year over year), operating margin 4.7%, net earnings $80.5M, operating cash flow $108M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +15% | +16% |
| Gross profit | $607M | +16% | +18% |
| Operating profit | $66.0M | +597% | — |
| Net earnings | $80.5M | +224% | — |
| Operating cash flow | $108M | -16% | +36% |
| Free cash flow | $107M | -16% | +39% |
What changed
Revenue was $1.4B in Q4 2025, up 16% year over year and up 15% from the previous quarter.
Gross margin was 43.5%, up 0.8 points from a year earlier. Operating profit was $0.07B, a 4.7% margin (up 8.0 points year over year). Operating expenses fell 2% while revenue rose 16%. Net earnings were $0.08B. The effective tax rate was 12.2%. Non-operating items added $0.03B, 28% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.11B (up 36% year over year), 134% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $0.09B of share-based compensation. Working capital and other items used $0.07B. Capital expenditures of $1.1M left free cash flow of $0.11B.
Questions
What was Roku's revenue in the fourth quarter 2025?
Roku (ROKU) reported revenue of $1.4B for the fourth quarter 2025 (Q4 2025), +16% from a year earlier and +15% from the quarter before.
Was Roku profitable in the fourth quarter 2025?
Operating profit was $66.0M (4.7% of revenue) and net earnings $80.5M.
Source: Roku 10-K on SEC EDGAR.