Roku (XTER:R35) Research & Development: €631 Mil (TTM As of Mar. 2026)


XTER:R35 Roku Inc XTER:R35
73 GF Score
Price €118.72
GF Value €89.29
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Roku Research & Development?

Roku XTER:R35 -0.03% 73 Research & Development is €631 Mil as of Mar. 2026. GuruFocus rates XTER:R35 with a GF Score™ of 73/100 and a GF Value™ of €89.29 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Roku's Research & Development for the three months ended in Mar. 2026 was €164 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was €631 Mil.

Roku  (XTER:R35) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Roku Research & Development Related Terms

Roku Research & Development Historical Data

* Premium members only.

The historical data trend for Roku's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Roku Research & Development Chart

Roku Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 408.52 744.73 805.56 687.74 622.97

Roku Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 170.74 154.34 155.26 157.69 163.91
XTER:R35
73GF Score
Roku Inc XTER:R35
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Roku Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €631 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of €631 Mil mean?
Roku (XTER:R35) has a Research & Development of €631 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Roku and its competitors.
Is Roku's Research & Development too high?
Roku's current Research & Development is €631 Mil. Overall, Roku has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Roku's Research & Development compare to WMG and FWONA?
Roku's Research & Development of €631 Mil can be compared against companies in the Media - Diversified industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Media - Diversified company?
A good Research & Development depends on the Media - Diversified industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Roku and its competitors. Roku's current Research & Development is €631 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Roku stock overvalued right now?
Based on GuruFocus' analysis, Roku (XTER:R35) is currently considered Significantly Overvalued. The stock's GF Value™ is €89.29, compared to a current price of €118.72 — trading 33% above its estimated fair value. The current Research & Development is €631 Mil. Roku's overall GF Score™ is 73/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Roku (XTER:R35), the current Research & Development is €631 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Roku (XTER:R35) Overvalued in 2026?

Based on GuruFocus' analysis, Roku stock appears to be overvalued. The current stock price of €118.72 is trading 33% above its estimated GF Value™ of €89.29. GuruFocus considers Roku to be Significantly Overvalued.

Key valuation signals for XTER:R35:

  • Research & Development: €631 Mil
  • GF Value™: €89.29 vs. price of €118.72 (33% above fair value)
  • GF Score™: 73/100 with 6 warning signs

No single metric tells the full story. See the XTER:R35 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Roku Business Description

Address 1173 Coleman Avenue, San Jose, CA, USA, 95110
Roku enables consumers to stream television programming. Roku facilitated 145 billion streaming hours in 2025 and reached more than half of US broadband households. It is the top streaming operating system in the US, reaching more than half of broadband households, according to the company. Roku's OS is built into streaming devices and televisions that Roku sells, as well as on connected televisions from other manufacturers that license Roku's name and software. Roku also operates The Roku Channel, a free, ad-supported streaming television platform that offers a mix of on-demand and live television programming. Roku generates revenue primarily from device sales, licensing, and advertising, and it also receives fees from subscription streaming platforms that sell subscriptions through Roku.
73GF Score

Get the complete analysis for XTER:R35

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€118.72
Price
€89.29
GF Value