ROKU, INC
For the period ended Dec 31, 2025. Filed Feb 13, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 13, 2026
Contents
18. Restructuring Charges
- RESTRUCTURING CHARGES
Starting in the fourth quarter of fiscal 2022, the Company implemented measures to reduce its operating expense growth rate due to economic conditions, 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.
Restructuring charges are recorded as follows (in thousands):
| Year Ended December 31, 2025 | |||
|---|---|---|---|
| Facilities Exit Costs | Asset Impairment Charges | Total | |
| Research and development | $194 | $2,133 | $2,327 |
| Sales and marketing | — | 175 | 175 |
| General and administrative | — | 562 | 562 |
| Total restructuring charges | $194 | $2,870 | $3,064 |
| Year Ended December 31, 2024 | ||||
|---|---|---|---|---|
| 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 | 368 | 98 | (603) | (137) |
| Sales and marketing | 697 | 719 | 24,641 | 26,057 |
| General and administrative | (116) | 117 | 5,075 | 5,076 |
| Total restructuring charges | $947 | $934 | $29,118 | $30,999 |
| Year Ended December 31, 2023 | ||||
|---|---|---|---|---|
| Employee Terminations | Facilities Exit Costs | Assets Impairment Charges | Total | |
| Cost of revenue, platform | $1,164 | $1 | $65,867 | $67,032 |
| Cost of revenue, devices | 524 | 6 | 2,793 | 3,323 |
| Research and development | 31,160 | 1,320 | 78,011 | 110,491 |
| Sales and marketing | 29,786 | 517 | 83,411 | 113,714 |
| General and administrative | 20,531 | 1,683 | 39,320 | 61,534 |
| Total restructuring charges | $83,165 | $3,527 | $269,402 | $356,094 |
The asset impairment charges for the year ended December 31, 2025 are primarily comprised of $2.9 million of operating lease right-of-use assets impairment. The asset impairment charges for the year ended December 31, 2024 are primarily comprised of $22.6 million of operating lease right-of-use assets impairment and $7.0 million of property and equipment impairment, partially offset by $0.5 million of adjustments to other long-term liabilities and assets. The asset impairment charges for the year ended December 31, 2023 are primarily comprised of $131.6 million of operating lease right-of-use assets impairment, $72.3 million of property and equipment impairment, and $65.5 million of content assets impairment.
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 consolidated balance sheets, is as follows (in thousands):
| December 31, 2025 · December 31, 2024 | |||||
|---|---|---|---|---|---|
| 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 | 934 | 1,881 |
| Payments made | (349) | (349) | (13,608) | (751) | (14,359) |
| Ending balance | $1,226 | $1,226 | $— | $1,381 | $1,381 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.