ROKU — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-11-02

• (1) Restructuring charges for the three and nine months ended September 30, 2026 include a credit of $22.3 million for terminating a portion of a corporate lease that was previously impaired in prior year restructuring efforts. See Note 10 for further details.

• (2) The merger-related costs for the three and nine months ended September 30, 2026 were related to our proposed transaction with Fox. Refer to Note 1 to our condensed consolidated financial statements in Part I, Item 1 of this Quarterly Report.

• Cost of revenue, devices increased by $73.4 million, or 43%, during the three months ended September 30, 2026 as compared to the three months ended September 30, 2025 due to higher manufacturing costs.

• Cost of revenue, devices increased by $22.3 million, or 5%, during the nine months ended September 30, 2026 as compared to the nine months ended September 30, 2025. The increase was driven by higher manufacturing costs of $46.5 million and a $17.8 million increase in inventory reserves, which were p…

• Income tax expense decreased by $9.2 million, or 70%, for the three months ended September 30, 2026 as compared to the three months ended September 30, 2025. The decrease was primarily attributable to a cumulative estimated annual effective rate adjustment recorded in the third quarter of 2025 follo…

Text removed vs the prior filing · source: 10-Q · 2026-08-06

• (1) The merger-related costs for the three and six months ended June 30, 2026 were related to our proposed transaction with Fox. Refer to Note 1 to our condensed consolidated financial statements in Part I, Item 1 of this Quarterly Report.

• Cost of revenue, devices decreased by $28.8 million, or 21%, during the three months ended June 30, 2026 as compared to the three months ended June 30, 2025. The decrease was driven by lower freight costs of $35.5 million, primarily due to an International Emergency Economic Powers Act (“IEEPA”) ref…

• Cost of revenue, devices decreased by $51.1 million, or 17%, during the six months ended June 30, 2026 as compared to the six months ended June 30, 2025. The decrease was driven by lower freight costs of $39.1 million, primarily due to an IEEPA refund for tariff payments made in previous quarters, a…

• Income tax expense increased by $11.0 million, or 189%, for the three months ended June 30, 2026, and by $27.0 million, or 143%, for the six months ended June 30, 2026, as compared to the corresponding prior year periods. The increases were primarily attributable to higher pre-tax book income, parti…

• As of June 30, 2026, we had cash and cash equivalents of $2,001.8 million and short-term investments of $555.4 million. Approximately 4% of our cash was held outside the United States in accounts held by our foreign subsidiaries, which are used to fund foreign operations, and all short-term investme…

Text added vs the prior filing · source: 10-Q · 2026-11-02

• We have experienced and will continue to experience fluctuations in our net income as a result of transaction gains

• or losses related to revaluing monetary asset and liability balances that are denominated in currencies other than the functional currency of the entities in which they are recorded. We have not entered into any derivatives or other financial instruments in an attempt to hedge our foreign currency e…

Text removed vs the prior filing · source: 10-Q · 2026-08-06

• We have experienced and will continue to experience fluctuations in our net income (loss) as a result of transaction gains or losses related to revaluing monetary asset and liability balances that are denominated in currencies other than the functional currency of the entities in which they are reco…

Text added vs the prior filing · source: 10-Q · 2026-11-02

• •the expiration or early termination of the applicable waiting period under the HSR Act; and

• Upon termination of the Merger Agreement, each of us and Fox under specified circumstances will be required to pay the other party a termination fee of $866.1 million. Additionally, Fox, under specified circumstances, including termination following an injunction arising in connection with certain a…

• As previously announced, on September 8, 2026, we and Fox each received a request for additional information and documentary material (the “Second Request”) from the U.S. Department of Justice (the “DOJ”) in connection with the DOJ’s review of the Mergers. Issuance of the Second Request extends the …

• •the requirement that we pay a termination fee of $866.1 million to Fox if the Merger Agreement is terminated under certain circumstances.

• We and Fox have operated and, until the completion of the Mergers, will continue to operate, independently. The success of the Mergers, including anticipated benefits and cost synergies, will depend, in part, on our and Fox’s ability to successfully integrate our respective operations in a manner th…

Text removed vs the prior filing · source: 10-Q · 2026-08-06

• •restrictions on our ability to pursue alternative transactions;

• •the expiration or early termination of the applicable waiting period under the HSR Act and the approval of the Mergers under certain other antitrust and investment screening laws;

• •the effectiveness of the registration statement under which shares of Fox Class A common stock to be issued in the Mergers will be registered with the SEC;

• •the approval of the issuance of shares of Fox Class A common stock included in the merger consideration by the holders of shares of Fox Class B common stock entitled to vote on such matter at a meeting duly called and held for such purpose; and

• •the approval of the adoption of the Merger Agreement by the Roku stockholders.

Text removed vs the prior filing · source: 10-Q · 2026-08-06

• Action Adoption/Termination Date Trading Arrangement Total Shares of Class A Common Stock to be Sold Expiration Date

• * Contract, instruction or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act.

• ** “Non-Rule 10b5-1 trading arrangement” as defined in Item 408(c) of Regulation S-K under the Exchange Act.

• *** Trading arrangement adopted by the Wood Revocable Trust, of which Mr. Wood and his spouse are co-trustees.