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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6. Balance Sheet Components
- BALANCE SHEET COMPONENTS
Accounts Receivable, net: Accounts receivable, net consisted of the following (in thousands):
| As of December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Accounts receivable, gross | $960,319 | $885,167 |
| Less: Allowances | ||
| Allowance for sales returns | 4,539 | 6,427 |
| Allowance for sales incentives | 70,839 | 63,367 |
| Allowance for credit losses | 3,073 | 1,895 |
| Other allowances | 1,997 | 968 |
| Total allowances | 80,448 | 72,657 |
| Accounts receivable, net | $879,871 | $812,510 |
Property and Equipment, net: Property and equipment, net consisted of the following (in thousands):
| As of December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Computers and equipment | $51,699 | $51,741 |
| Leasehold improvements | 284,748 | 286,585 |
| Internal-use software | 5,904 | 5,916 |
| Office equipment and furniture | 36,075 | 35,691 |
| Property and equipment, gross | 378,426 | 379,933 |
| Less: Accumulated depreciation and amortization | (204,849) | (166,243) |
| Property and equipment, net | $173,577 | $213,690 |
Depreciation and amortization expense for property and equipment assets was approximately $45.6 million, $48.5 million, and $53.3 million for the years ended December 31, 2025, 2024, and 2023, respectively.
There wereno impairment charges related to property and equipment during the year ended December 31, 2025. During the years ended December 31, 2024 and 2023, the Company recorded impairment charges of $7.0 million and $72.3 million, respectively, related to property and equipment associated with the leased office facilities that are part of its restructuring efforts. See Note 18 for additional details.
Accrued Liabilities: Accrued liabilities consisted of the following (in thousands):
| As of December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenue share payable | $311,488 | $267,163 |
| Accrued cost of revenue | 173,171 | 149,135 |
| Marketing, retail, and merchandising expenses | 95,887 | 112,001 |
| Operating lease liability, current | 87,425 | 79,221 |
| Accrued legal and licensing expenses | 68,843 | 33,625 |
| Content liability, current | 42,158 | 69,710 |
| Contingent consideration, current | 28,110 | — |
| Other accrued expenses | 150,901 | 141,944 |
| Total Accrued liabilities | $957,983 | $852,799 |
Deferred Revenue: Deferred revenue consisted of the following (in thousands):
| As of December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Platform, current | $64,107 | $75,026 |
| Devices, current | 56,805 | 30,692 |
| Total deferred revenue, current | 120,912 | 105,718 |
| Platform, non-current | 1,499 | — |
| Devices, non-current | 27,349 | 25,050 |
| Total deferred revenue, non-current | 28,848 | 25,050 |
| Total Deferred revenue | $149,760 | $130,768 |
Other Long-term Liabilities: Other Long-term liabilities consisted of the following (in thousands):
| As of December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Content liability, non-current | $5,078 | $18,453 |
| Contingent consideration, non-current | 40,006 | — |
| Other long-term liabilities | 28,172 | 22,485 |
| Total Other long-term liabilities | $73,256 | $40,938 |
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