ROKU, INC
For the period ended Dec 31, 2025. Filed Feb 13, 2026.
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FY2025 · Filed Feb 13, 2026
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5. Goodwill and Intangible Assets
- GOODWILL AND INTANGIBLE ASSETS
Goodwill
Goodwill represents the excess of purchase consideration in a business combination over the fair value of tangible and intangible assets acquired net of the liabilities assumed. All goodwill relates to the Platform segment.
The following table reflects the changes in the carrying value of goodwill (in thousands):
| Carrying Value | |
|---|---|
| Balance as of December 31, 2024 | $161,519 |
| Frndly TV acquisition (see Note 4) | 147,887 |
| Balance as of December 31, 2025 | $309,406 |
Intangible Assets
The following tables summarize the Company’s intangible assets for the periods presented (in thousands, except years):
| As of December 31, 2025 | ||||
|---|---|---|---|---|
| GrossCarryingAmount | AccumulatedAmortization | NetCarryingAmount | Weighted-Average Useful Lives(in years) | |
| Developed technology | $73,367 | $(71,138) | $2,229 | 5.9 |
| Customer relationships | 46,100 | (22,995) | 23,105 | 6.3 |
| Tradename | 34,400 | (11,832) | 22,568 | 7.9 |
| Patents | 4,076 | (1,771) | 2,305 | 14.0 |
| Total Intangible assets | $157,943 | $(107,736) | $50,207 | 6.7 |
| As of December 31, 2024 | ||||
|---|---|---|---|---|
| GrossCarryingAmount | AccumulatedAmortization | NetCarryingAmount | Weighted-Average Useful Lives(in years) | |
| Developed technology | $73,367 | $(60,896) | $12,471 | 5.9 |
| Customer relationships | 14,100 | (14,100) | — | 4.0 |
| Tradename | 20,400 | (7,966) | 12,434 | 9.8 |
| Patents | 4,076 | (1,480) | 2,596 | 14.0 |
| Total Intangible assets | $111,943 | $(84,442) | $27,501 | 6.7 |
The Company amortizes the fair value of intangible assets over their estimated useful lives in proportion to the economic benefits received. Amortization expense related to intangible assets was approximately $23.3 million, $14.2 million, and $17.1 million for the years ended December 31, 2025, 2024, and 2023, respectively.
The Company recorded amortization of developed technology in Cost of revenue, platform for the years ended December 31, 2025 and 2024. The Company recorded amortization of developed technology in Cost of revenue, platform and Research and development for the year ended December 31, 2023. The Company recorded amortization of customer relationships and tradename in Sales and marketing expenses, and recorded amortization of patents in General and administrative expenses in the consolidated statements of operations for all periods presented.
As of December 31, 2025, the estimated future amortization expense for intangible assets for the next five years and thereafter is as follows (in thousands):
| Year Ending December 31, | |
|---|---|
| 2026 | $14,698 |
| 2027 | 10,507 |
| 2028 | 8,419 |
| 2029 | 7,257 |
| 2030 | 4,884 |
| Thereafter | 4,442 |
| Total | $50,207 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.