Roku’s FY 2025 results reset the profit story
Roku (ROKU) closed out FY 2025 with Q4 revenue of about US$1.4 billion and basic EPS of US$0.54, capping a year in which trailing twelve month revenue reached roughly US$4.7 billion and EPS landed at US$0.60. The company has seen quarterly revenue move from US$1.20 billion in Q4 2024 to US$1.39 billion in Q4 2025, while basic EPS shifted from a loss of US$0.24 to a profit of US$0.54. This gives investors a clearer view of how margins are now feeding through to the bottom line.
See our full analysis for Roku.
With the latest numbers on the table, the next step is to see how this turn in profitability lines up with the big narratives around Roku’s growth, competitive position, and long term margin potential.
See what the community is saying about Roku
Four-quarter swing to US$88 million profit
- On a trailing 12 month basis, Roku moved from a net loss of US$129.4 million at Q4 2024 to net income of US$88.4 million by Q4 2025, with quarterly net income going from a loss of US$35.5 million in Q4 2024 to a profit of US$80.5 million in Q4 2025.
- Bulls point to this profitability shift as the foundation for future earnings growth, and the recent numbers give them specific support as well as some checks:
- Consensus narrative expects earnings to expand from a loss of US$61.5 million to US$372.1 million by around 2028, and the move to US$88.4 million of trailing profit shows the company has already crossed the break-even line the narratives were written around.
- At the same time, the five year earnings trend was described as averaging a 21.4% annual decline, so this quick flip to profit is a sharp change in pattern that bullish investors still need to see hold over more than one year.
Revenue up to US$4.7b, growth forecasts at 10.6%
- Trailing 12 month revenue reached about US$4.7b at Q4 2025, compared with US$4.1b a year earlier, and analysts are forecasting…