Evaluating the Performance of Roku Stock

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Roku’s Stock Performance and Growth

Roku’s stock (NASDAQ: ROKU) has surged by 73% over the past three years as of November 28, 2025, roughly matching the S&P 500’s 70% gain during the same period. The company’s marketing capital reached $60.3 billion in early 2021 before a significant drawdown of 65% left its shares trading at approximately $40, compared to a peak of $470.

Despite volatility, Roku reported active accounts increased to 89.8 million in Q4 2024, up from 56.4 million in Q3 2022, indicating a growth rate of over 60%. The company’s revenues rose by 45% over the same period, and it achieved $301 million in free cash flow in the last year.

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