Mar 2026 (Q1 FY26) — Apr 30, 2026
Roku Q1 FY26 — Strong Platform Growth and Profitability Amidst Strategic Expansion
Read the full callRoku (ROKU) earnings
- Jun 2026
- Mar 2026 (Q1 FY26)
- Dec 2025
Roku earnings: last reported Thu, 30 Apr 2026, for the quarter ended Mar 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,355 | +21.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 10.8 | +12.9 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 164 | +1463.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
9 of 9 judged targets kept · 16 open · verdicts reflect calls analysed to Mar 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Platform revenue growth (Q1 FY26) | More than 21% YoY growth | Dec 2025 | Platform revenue grew 28% coming in ahead of our outlook, benefiting from the Olympics and Super Bowl, which contributed to an increase in subscriptions and M&E spend. | Achieved |
| Full-year adjusted EBITDA (FY26) | $635 million (>50% YoY growth; margin expansion of 267bps to 11.6%) | Dec 2025 | we're increasing our EBITDA and EBITDA margins | Revised Up |
| Advertising gross margin (FY26) | ~60%, sustainable for the rest of FY26 and beyond | Mar 2026 | advertising gross margin, to your point, at just over 60% was very strong for us in Q1. | New |
16 of ROKU, INC's 25 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 22 more targets are in the full ledger.
Claimed
- Platform revenue grew 28% year-over-year, exceeding outlook.
- Advertising revenue increased 27% year-over-year, driven by third-party DSP strategy and Ads Manager adoption.
- Subscription revenue grew 30% year-over-year, boosted by Premium Subscriptions sign-ups and new Tier 1 partners like Apple TV and Peacock.
- EBITDA margins more than doubled year-over-year to nearly 12%.
- Free cash flow reached $148 million, the second highest on record, with nearly 16% margins.
Qualified
- Device segment revenue declined 16% year-over-year, resulting in a negative 14% margin.
- Elevated memory costs are expected in the second half of FY26, impacting device profitability.
- Q2 Platform revenue growth is guided to decelerate to 20% year-over-year due to tougher comps and the absence of Q1 sporting event tailwinds.
- Subscription gross margin decreased to just over 40% in Q1 FY26 due to mix shift, expected to stabilize at 41-42% for the rest of the year.
- Conservative H2 FY26 outlook due to limited visibility into the macro environment and political advertising.
Price
$154.67 +1.38% · +$2.1
Performance +63.8% 1Y
1Y: $94.4 on 14 Oct 2025 → $154.67. High $159.76 (25 Aug 2026), low $82.93 (12 Feb 2026).
- Previous close
- $152.57
- 52-week range
- $82.93 – $159.76
- One year
- +56.90%
Overview
- Symbol
- ROKU
- Sector
- Communication Services
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
9 of 9 judged targets kept · 16 open · verdicts reflect calls analysed to Mar 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Platform revenue growth (Q1 FY26) | More than 21% YoY growth | Dec 2025 | Platform revenue grew 28% coming in ahead of our outlook, benefiting from the Olympics and Super Bowl, which contributed to an increase in subscriptions and M&E spend. | Achieved |
| Full-year adjusted EBITDA (FY26) | $635 million (>50% YoY growth; margin expansion of 267bps to 11.6%) | Dec 2025 | we're increasing our EBITDA and EBITDA margins | Revised Up |
| Advertising gross margin (FY26) | ~60%, sustainable for the rest of FY26 and beyond | Mar 2026 | advertising gross margin, to your point, at just over 60% was very strong for us in Q1. | New |
Claimed
- Platform revenue grew 28% year-over-year, exceeding outlook.
- Advertising revenue increased 27% year-over-year, driven by third-party DSP strategy and Ads Manager adoption.
- Subscription revenue grew 30% year-over-year, boosted by Premium Subscriptions sign-ups and new Tier 1 partners like Apple TV and Peacock.
- EBITDA margins more than doubled year-over-year to nearly 12%.
- Free cash flow reached $148 million, the second highest on record, with nearly 16% margins.
Qualified
- Device segment revenue declined 16% year-over-year, resulting in a negative 14% margin.
- Elevated memory costs are expected in the second half of FY26, impacting device profitability.
- Q2 Platform revenue growth is guided to decelerate to 20% year-over-year due to tougher comps and the absence of Q1 sporting event tailwinds.
- Subscription gross margin decreased to just over 40% in Q1 FY26 due to mix shift, expected to stabilize at 41-42% for the rest of the year.
- Conservative H2 FY26 outlook due to limited visibility into the macro environment and political advertising.
The full ledger
Open ROKU, INC’s full ledger
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Call summaries
Every analysed call
Roku earnings calls (ROKU)
Financials
What the filings say
Net profit, year on year: +1464% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,062 | 1,201 | 1,021 | 1,111 | 1,211 | 1,395 | 1,249 | 1,355 |
| Operating profit | -36 | -39 | -58 | -23 | 9 | 66 | 52 | 146 |
| Operating margin | −3.4% | −3.3% | −5.7% | −2.1% | 0.8% | 4.7% | 4.2% | 10.8% |
| Other income | 31 | 13 | 17 | 28 | 29 | 26 | 37 | 23 |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 |
| Profit before tax | -5 | -26 | -41 | 5 | 38 | 92 | 89 | 169 |
| Tax rate | −84.9% | −37.4% | 32.3% | −124.8% | 34.8% | 12.3% | 3.3% | 3.1% |
| Net profit | -9 | -36 | -27 | 11 | 25 | 80 | 86 | 164 |
| EPS ($ per share) | -0.06 | — | -0.19 | 0.07 | 0.17 | — | 0.58 | 1.11 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -254 | -314 | -332 | -90 | -588 | -1,298 | -1,427 | -1,489 |
| Total liabilities | 220 | 772 | 943 | 1,316 | 1,766 | 1,935 | 1,811 | 1,776 |
| Fixed assets | 25 | 103 | 155 | 178 | 335 | 265 | 214 | 174 |
| Investments | 42 | 0 | — | — | — | — | 0 | 730 |
| Total assets | 465 | 1,470 | 2,271 | 4,082 | 4,413 | 4,262 | 4,304 | 4,433 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 14 | 14 | 148 | 228 | 12 | 256 | 218 | 484 |
| Cash from investing | -60 | -110 | -81 | -177 | -202 | -93 | -25 | -782 |
| Cash from financing | 25 | 458 | 509 | 1,003 | 8 | -61 | -89 | -280 |
| Net cash flow | -22 | — | — | — | — | — | — | — |
| Capital expenditure | -18 | -77 | -82 | -40 | -162 | -83 | -5 | -5 |
| Free cash flow | -4 | -63 | 66 | 188 | -150 | 173 | 213 | 478 |
ROKU revenue by segment
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Advertising | — | — | — | — | — | — | 49% | 50% | — |
| Subscriptions | — | — | — | — | — | — | 42% | 40% | — |
| Device | — | — | — | — | — | — | 9% | 10% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
353 filings between Oct 24, 2025 and Oct 5, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$158.38M
184 sales by 9 insiders
99% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 98
- Option exercise — converted options into shares
- 27
- Tax withheld — shares kept back by the company to cover tax
Also filed: 27 conversions, 17 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Collier Charles | — | $81.94M | Oct 5, 2026 |
| Wood Anthony J. | — | $56.26M | Jun 12, 2026 |
| Jedda Dan | — | $8.43M | Sep 15, 2026 |
| Fuchsberg Gilbert | — | $4.78M | Sep 2, 2026 |
| HUNT NEIL D | — | $2.89M | Oct 1, 2026 |
| Ozgen Mustafa | — | $2.00M | Sep 2, 2026 |
| Handman Christopher T. | — | $1.14M | Sep 2, 2026 |
| Banks Matthew C. | — | $843.6K | Oct 1, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 5, 2026 | Collier Charles President, Roku Media | Option exercise 10b5-1 plan | 10,269 | $509.2K |
| Oct 5, 2026 | Collier Charles President, Roku Media | Sale 10b5-1 plan | 580 | $88.2K |
| Oct 5, 2026 | Collier Charles President, Roku Media | Sale 10b5-1 plan | 424 | $64.5K |
| Oct 5, 2026 | Collier Charles President, Roku Media | Option exercise 10b5-1 plan | 10,269 | $509.2K |
| Oct 5, 2026 | Collier Charles President, Roku Media | Sale 10b5-1 plan | 9,845 | $1.49M |
| Oct 5, 2026 | Collier Charles President, Roku Media | Sale 10b5-1 plan | 9,689 | $1.47M |
| Oct 1, 2026 | Banks Matthew C. VP, CAO | Sale 10b5-1 plan | 554 | $84.3K |
| Oct 1, 2026 | HUNT NEIL D Director | Sale 10b5-1 plan | 1,592 | $240.2K |
| Oct 1, 2026 | HUNT NEIL D Director | Conversion 10b5-1 plan | 2,000 | — |
| Oct 1, 2026 | HUNT NEIL D Director | Sale 10b5-1 plan | 408 | $62.0K |
| Sep 15, 2026 | Jedda Dan CFO & COO | Sale 10b5-1 plan | 7,000 | $1.10M |
| Sep 14, 2026 | Wood Anthony J. CEO and Chairman BOD | Gift | 24,109 | $0 |
| Sep 14, 2026 | Wood Anthony J. CEO and Chairman BOD | Gift | 24,109 | $0 |
| Sep 4, 2026 | Collier Charles President, Roku Media | Option exercise 10b5-1 plan | 10,269 | $509.2K |
| Sep 4, 2026 | Collier Charles President, Roku Media | Sale 10b5-1 plan | 1,426 | $224.9K |
| Sep 4, 2026 | Collier Charles President, Roku Media | Sale 10b5-1 plan | 1,426 | $224.9K |
| Sep 4, 2026 | Collier Charles President, Roku Media | Option exercise 10b5-1 plan | 10,269 | $509.2K |
| Sep 4, 2026 | Collier Charles President, Roku Media | Sale 10b5-1 plan | 8,843 | $1.39M |
| Sep 4, 2026 | Collier Charles President, Roku Media | Sale 10b5-1 plan | 8,843 | $1.39M |
| Sep 2, 2026 | Collier Charles President, Roku Media | Sale 10b5-1 plan | 993 | $154.7K |
| Sep 2, 2026 | Collier Charles President, Roku Media | Sale 10b5-1 plan | 1,390 | $218.0K |
| Sep 2, 2026 | Collier Charles President, Roku Media | Sale 10b5-1 plan | 655 | $102.8K |
| Sep 2, 2026 | Collier Charles President, Roku Media | Sale 10b5-1 plan | 441 | $69.6K |
| Sep 2, 2026 | Collier Charles President, Roku Media | Sale 10b5-1 plan | 1,150 | $181.5K |
| Sep 2, 2026 | Banks Matthew C. VP, CAO | Sale 10b5-1 plan | 546 | $85.0K |
| Sep 2, 2026 | Collier Charles President, Roku Media | Sale 10b5-1 plan | 671 | $104.7K |
| Sep 2, 2026 | Handman Christopher T. SVP & General Counsel | Sale 10b5-1 plan | 2,999 | $466.8K |
| Sep 2, 2026 | Ozgen Mustafa Pres, Devices, Prod, and Tech | Sale 10b5-1 plan | 3,410 | $530.7K |
| Sep 2, 2026 | Collier Charles President, Roku Media | Sale 10b5-1 plan | 521 | $81.2K |
| Sep 2, 2026 | Collier Charles President, Roku Media | Sale 10b5-1 plan | 740 | $116.1K |
| Sep 2, 2026 | Fuchsberg Gilbert President, Subscriptions | Sale 10b5-1 plan | 4,824 | $750.8K |
| Sep 2, 2026 | Collier Charles President, Roku Media | Sale 10b5-1 plan | 506 | $79.9K |
| Sep 1, 2026 | Collier Charles President, Roku Media | Option exercise 10b5-1 plan | 29,340 | $0 |
| Sep 1, 2026 | Collier Charles President, Roku Media | Tax withheld 10b5-1 plan | 14,773 | $2.30M |
| Sep 1, 2026 | HUNT NEIL D Director | Sale 10b5-1 plan | 581 | $91.2K |
| Sep 1, 2026 | Handman Christopher T. SVP & General Counsel | Option exercise 10b5-1 plan | 11,898 | $0 |
| Sep 1, 2026 | Handman Christopher T. SVP & General Counsel | Tax withheld 10b5-1 plan | 5,900 | $917.6K |
| Sep 1, 2026 | Wood Anthony J. CEO and Chairman BOD | Option exercise | 20,941 | $0 |
| Sep 1, 2026 | HUNT NEIL D Director | Sale 10b5-1 plan | 1,419 | $221.4K |
| Sep 1, 2026 | Wood Anthony J. CEO and Chairman BOD | Tax withheld | 8,242 | $1.28M |
| Sep 1, 2026 | HUNT NEIL D Director | Conversion 10b5-1 plan | 2,000 | — |
| Sep 1, 2026 | Ozgen Mustafa Pres, Devices, Prod, and Tech | Option exercise 10b5-1 plan | 16,151 | $0 |
| Sep 1, 2026 | Banks Matthew C. VP, CAO | Tax withheld 10b5-1 plan | 2,017 | $313.7K |
| Sep 1, 2026 | Fuchsberg Gilbert President, Subscriptions | Option exercise 10b5-1 plan | 10,322 | $0 |
| Sep 1, 2026 | Fuchsberg Gilbert President, Subscriptions | Tax withheld 10b5-1 plan | 5,710 | $888.1K |
| Sep 1, 2026 | Jedda Dan CFO & COO | Option exercise | 26,133 | $0 |
| Sep 1, 2026 | Banks Matthew C. VP, CAO | Option exercise 10b5-1 plan | 4,066 | $0 |
| Sep 1, 2026 | Ozgen Mustafa Pres, Devices, Prod, and Tech | Tax withheld 10b5-1 plan | 6,357 | $988.7K |
| Sep 1, 2026 | Jedda Dan CFO & COO | Tax withheld | 10,285 | $1.60M |
| Aug 17, 2026 | Jedda Dan CFO & COO | Sale 10b5-1 plan | 7,000 | $1.10M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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