ROKU, INC

For the period ended Jun 30, 2025. Filed Aug 1, 2025.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 1, 2025

ROKU$160.52+0.1%Stored close · as of Nov 6, 2026

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Contents

17. Restructuring Charges

RESTRUCTURING CHARGES

The Company began efforts to reduce its operating expense growth rate due to economic conditions in the fourth quarter of fiscal 2022. During fiscal 2023, the Company implemented additional measures, including consolidating its office space utilization, performing a strategic review of its content portfolio, reducing outside services expenses, and slowing its year-over-year headcount expense growth rate through a workforce reduction and limiting new hires, among other measures.

During the six months ended June 30, 2025, the Company recorded restructuring charges associated with decisions to sub-lease and cease the use of certain office facilities, and there were no restructuring charges recorded during the three months ended June 30, 2025. During the three and six months ended June 30, 2024, the Company recorded restructuring charges associated with employee termination expenses consisting primarily of severance payments, employee benefits contributions, payroll taxes and related costs, and impairment charges related to decisions to sub-lease and cease the use of certain office facilities and related property and equipment.

Restructuring charges are recorded as follows (in thousands):

Three Months Ended June 30, 2025 · Three Months Ended June 30, 2024
	Facilities Exit Costs	Asset Impairment Charges	Total	Employee Terminations	Facilities Exit Costs	Asset Impairment Charges	Total
Cost of revenue, platform	$—	$—	$—	$7	$—	$—	$7
Cost of revenue, devices	—	—	—	—	—	—	—
Research and development	—	—	—	(15)	9	282	276
Sales and marketing	—	—	—	11	—	8,197	8,208
General and administrative	—	—	—	14	1	2,176	2,191
Total restructuring charges	$—	$—	$—	$17	$10	$10,655	$10,682

Six Months Ended June 30, 2025 · Six Months Ended June 30, 2024
	Facilities Exit Costs	Asset Impairment Charges	Total	Employee Terminations	Facilities Exit Costs	Asset Impairment Charges	Total
Cost of revenue, platform	$—	$—	$—	$(3)	$—	$—	$(3)
Cost of revenue, devices	—	—	—	1	—	5	6
Research and development	194	2,133	2,327	368	46	815	1,229
Sales and marketing	—	175	175	697	2	8,370	9,069
General and administrative	—	562	562	(116)	(23)	2,316	2,177
Total restructuring charges	$194	$2,870	$3,064	$947	$25	$11,506	$12,478

The asset impairment charges for the six months ended June 30, 2025 are primarily comprised of $2.9 million of operating lease right-of-use assets impairment. The asset impairment charges for the three months ended June 30, 2024 are primarily comprised of $10.7 million of operating lease right-of-use assets impairment. The asset impairment charges for the six months ended June 30, 2024 include $11.2 million of operating lease right-of-use assets impairment and $0.5 million of property and equipment impairment, partially offset by $0.3 million of adjustments to other long-term liabilities and assets.

A reconciliation of the beginning and ending balance of employee termination restructuring charges and facilities exit costs, which are included in Accrued liabilities in the condensed consolidated balance sheets, is as follows (in thousands):

	Three Months Ended June 30, 2025			Three Months Ended June 30, 2024
	Employee Terminations	Facilities Exit Costs	Total	Employee Terminations	Facilities Exit Costs	Total
Beginning balance	$—	$1,317	$1,317	$2,343	$904	$3,247
Restructuring charges incurred	—	—	—	17	10	27
Payments made	—	(91)	(91)	(2,179)	(75)	(2,254)
Ending balance	$—	$1,226	$1,226	$181	$839	$1,020

	Six Months Ended June 30, 2025			Six Months Ended June 30, 2024
	Employee Terminations	Facilities Exit Costs	Total	Employee Terminations	Facilities Exit Costs	Total
Beginning balance	$—	$1,381	$1,381	$12,661	$1,198	$13,859
Restructuring charges incurred	—	194	194	947	25	972
Payments made	—	(349)	(349)	(13,427)	(384)	(13,811)
Ending balance	$—	$1,226	$1,226	$181	$839	$1,020

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