Form 8-K

8-K — ROKU, INC

Accession: 0001628280-26-024842

Filed: 2026-04-13

Period: 2026-04-13

CIK: 0001428439

SIC: 4841 (CABLE & OTHER PAY TELEVISION SERVICES)

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — wk-20260413.htm (Primary)

EX-99.1 (april2026form991april13th.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: wk-20260413.htm · Sequence: 1

wk-20260413

1173 Coleman AveSan JoseCalifornia0001428439FALSE00014284392026-04-132026-04-13

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 13, 2026

ROKU, INC.

(Exact name of Registrant as Specified in Its Charter)

Delaware 001-38211 26-2087865

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

1173 Coleman Ave

San Jose, California

95110

(Address of Principal Executive Offices) (Zip Code)

(408) 556-9040

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class:

Trading Symbol(s): Name of Exchange on Which Registered:

Class A Common Stock, $0.0001 par value ROKU The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure

As previously announced on March 10, 2026, Roku, Inc. (the “Company”) will be updating its reportable segments to reflect the Company’s ongoing evaluation and monitoring of its business, including changes made to both its internal reporting and the information reported to the Company’s Chief Executive Officer, who serves as Chief Operating Decision Maker under relevant accounting standards. Specifically, the Company will split its current “Platform” segment into two segments – “Advertising” and “Subscriptions.” A summary of the reportable segments resulting from the split of the current “Platform” segment under the revised reporting structure follows:

Platform business: Contains digital advertising and subscription activities.

•Advertising: Includes direct and programmatic video advertising, ads integrated into the Company’s user interface, and related services.

•Subscriptions: Includes the sale of subscriptions to end users, including subscription revenue shares from content partners, the sale of Premium Subscriptions, and the sale of owned and operated subscription services. Subscriptions revenue also includes the sale of branded app buttons on remote controls.

The Company will reflect the new segment structure beginning with its financial results for the quarter ended March 31, 2026, which will be reported on April 30, 2026. This change has no impact on the Company’s consolidated results.

For informational purposes and to assist investors in making comparisons of the Company’s historical financial information with financial information to be made available in the future that will reflect the new segments, the Company has furnished certain supplemental annual financial information for the years ended December 31, 2024 and 2025 and quarterly information for the year ended December 31, 2025 in Exhibit 99.1 to this Form 8-K.

The information in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be treated as “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933 or the Securities Exchange Act of 1934, except as expressly stated by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number Description

99.1*

Supplemental Financial Information for the Years Ended December 31, 2024 and 2025

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

*This exhibit is intended to be furnished and shall not be deemed “filed” for purposes of the Securities and Exchange Act of 1934.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Roku, Inc.

Dated: April 13, 2026

By: /s/ Dan Jedda

Dan Jedda

Chief Financial Officer and Chief Operating Officer

EX-99.1

Filename: april2026form991april13th.htm · Sequence: 2

Document

Exhibit 99.1

Roku, Inc.

Supplemental Financial Information for the Years Ended December 31, 2024 and 2025

Summary Financials ($ in millions)

FY 2024

Q1 25

Q2 25

Q3 25

Q4 25

FY 2025

Advertising

$2,065.3

$482.8

$539.1

$591.2

$714.7

$2,327.8

Subscriptions

1,457.5

398.0

436.4

473.4

509.3

1,817.1

Platform revenue

3,522.8

880.8

975.5

1,064.6

1,224.0

4,144.9

Devices revenue

590.1

139.9

135.6

146.0

170.9

592.4

Total net revenue

4,112.9

1,020.7

1,111.0

1,210.6

1,394.9

4,737.3

Advertising

1,196.6

270.4

301.6

345.5

428.2

1,345.8

Subscriptions

689.4

193.9

196.0

202.3

218.4

810.7

Platform gross profit

1,886.0

464.3

497.7

547.8

646.7

2,156.4

Devices gross profit (loss)

(80.3)

(19.3)

0.0

(22.9)

(39.9)

(82.0)

Total gross profit

1,805.6

445.0

497.7

524.9

606.8

2,074.4

Advertising gross margin %

57.9

56.0

58.4

59.9

57.8

Subscriptions gross margin %

47.3

48.7

44.9

42.7

42.9

44.6

Platform gross margin %

53.5

52.7

51.0

51.5

52.8

52.0

Devices gross margin %

(13.6

(13.8)

0.0

(15.7)

(23.3)

(13.8)

Total gross margin %

43.9

43.6

44.8

43.4

43.5

43.8

Research and development

720.1

184.6

178.0

182.2

184.6

729.5

Sales and marketing

932.7

223.7

243.3

242.1

255.3

964.4

General and administrative

371.0

94.5

99.7

91.1

100.9

386.2

Total operating expenses

2,023.8

502.8

521.0

515.4

540.8

2,080.0

Income (loss) from operations

(218.2)

(57.7)

(23.3)

9.5

66.0

(5.6)

Net income (loss)

(129.4)

(27.4)

10.5

24.8

80.5

88.4

*Adjusted EBITDA

260.2

56.0

78.2

116.9

169.4

420.5

Adjusted EBITDA margin %

6.3

5.5

7.0

9.7

12.1

8.9

Cash flow from operations (TTM)

218.0

310.1

396.4

455.4

483.7

*Free cash flow (TTM) A

203.2

298.4

392.0

443.0

483.6

Reconciliation of Net Income (Loss) to Adjusted EBITDA:

FY 2024

Q1 25

Q2 25

Q3 25

Q4 25

FY 2025

Net income (loss)

$(129,386)

$(27,431)

$10,503

$24,812

$80,477

$88,361

Total other income, net

(98,209)

(17,216)

(28,006)

(28,564)

(25,736)

(99,522)

Stock-based compensation

384,662

95,494

84,640

88,031

86,004

354,169

Depreciation and amortization

62,714

15,192

16,881

19,441

17,390

68,904

Restructuring charges (1)

30,999

3,064

Income tax expense

9,428

(13,083)

(5,830)

13,218

11,232

5,537

Adjusted EBITDA

$260,208

$56,020

$78,188

$116,938

$169,367

$420,513

(1) Restructuring charges of $3.1 million in fiscal year 2025 primarily include asset impairment charges of $2.9 million.

FY 2024

Q1 25

Q2 25

Q3 25

Q4 25

FY 2025

Net cash provided by operating activities

$218,045

$310,094

$396,421

$455,360

$483,718

Less: Purchases of property and equipment

(5,061)

(6,320)

(6,567)

(6,647)

(5,280)

Add/(Less): Effect of exchange rate changes on cash, cash equivalents and restricted cash

(9,746)

(5,328)

2,133

(5,706)

5,179

Free cash flow (TTM)

$203,238

$298,446

$391,987

$443,007

$483,617

Use of Non-GAAP Measures

In addition to financial information prepared in accordance with generally accepted accounting principles in the United States (GAAP), this Exhibit 99.1 includes certain non-GAAP financial measures. These non-GAAP measures include Adjusted EBITDA and Free Cash Flow (FCF). In order for our investors to be better able to compare our current results with those of previous periods, we have included a reconciliation of GAAP to non-GAAP financial measures in the tables above. The Adjusted EBITDA reconciliation excludes total other income, net, stock-based compensation expense, depreciation and amortization, restructuring charges, and income tax (benefit) expense from the net income (loss) of the period, and the FCF reconciliation excludes capital expenditures and effects of exchange rates from the cash flow from operations of the period, in each case where applicable. We believe these non-GAAP financial measures are useful as a supplement in evaluating our ongoing operational performance and enhancing an overall understanding of our past financial performance. However, these non-GAAP financial measures have limitations, and should not be considered in isolation or as a substitute for our GAAP financial information.

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 7

v3.26.1

Cover

Apr. 13, 2026

Cover [Abstract]

Document Type

8-K

Document Period End Date

Apr. 13, 2026

Entity Registrant Name

ROKU, INC.

Entity Incorporation, State or Country Code

Entity File Number

001-38211

Entity Tax Identification Number

26-2087865

Entity Address, Address Line One

1173 Coleman Ave

Entity Address, City or Town

San Jose

Entity Address, State or Province

Entity Address, Postal Zip Code

95110

City Area Code

408

Local Phone Number

556-9040

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Class A Common Stock, $0.0001 par value

Trading Symbol

ROKU

Security Exchange Name

NASDAQ

Entity Emerging Growth Company

false

Entity Central Index Key

0001428439

Amendment Flag

false

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration