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Statement
Assets, liabilities and equity aligned across the annual filing history, in USD millions.
Assets
+3.0% YoYReported for FY 2025
Liabilities
-2.0% YoYReported for FY 2025
Equity
+6.6% YoYReported for FY 2025
Equity mix
+2.0 ppEquity share of the capital base
Table view
Every figure is the balance as filed. Each filing badge opens the SEC index page for that fiscal year.
Structure
Assets plotted against the liabilities and equity stack, so you can see how the balance sheet is financed.
Liabilities and equity stack to the capital base; assets are the dashed reference line.
Composition
The same split read as a share of total capital rather than in absolute dollars.
Percentages are measured against total capital for each fiscal year.
Trend
How assets, liabilities and equity have moved across the annual balance sheet window.
Switching between bar and line keeps the selected year order.
Commentary
This explanation uses an earlier data snapshot or evidence version. Compare its generation date with the current filing figures.
Earlier AI snapshot · Generated Aug 1, 2026. The filing-backed figures above are the current source of truth.
Roku’s balance sheet over the last five years shows a largely stable asset base with modest growth overall. Total assets moved from about **$4.1 billion in 2021** to **$4.4 billion in 2025**, peaking at **$4.4 billion in 2022** before easing slightly in 2023–2024 and recovering in 2025. This suggests a relatively steady capital base rather than aggressive balance-sheet expansion. In the streaming/platform industry, that kind of asset stability is common for asset-light businesses that rely more on software, content distribution, and working capital management than on heavy fixed-asset investment. Liabilities have been more volatile than assets, rising sharply from **$1.3 billion in 2021** to **$1.8 billion in 2022**, then fluctuating around that range through 2025. The increase in liabilities in 2022 may reflect higher operating obligations or accrued expenses, while the subsequent moderation in 2023–2025 indicates some normalization. Stockholders’ equity has generally remained solid, though it declined from **$2.8 billion in 2021** to **$2.3 billion in 2023** before rebounding to **$2.7 billion in 2025**. Overall, Roku appears to have maintained a strong equity cushion and a conservative balance-sheet profile, with no signs of excessive leverage despite some year-to-year swings.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.