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Side-by-side financial comparison of Grab Holdings Ltd (GRAB) and ROKU, INC (ROKU). Click either name above to swap in a different company.

Grab Holdings Ltd is the larger business by last-quarter revenue ($1.5B vs $1.4B, roughly 1.1× ROKU, INC). ROKU, INC runs the higher net margin — 5.8% vs 1.8%, a 4.0% gap on every dollar of revenue.

Grab Holdings Inc. is a Singaporean multinational technology company headquartered in one-north, Singapore. It is the developer of a super-app for ride-hailing, food delivery, and digital payment services on mobile devices. It operates in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, the Philippines, Thailand, and Vietnam.

Roku, Inc. is an American streaming technology company. Founded in 2002 by Anthony Wood, it produces digital media players and TVs, distributes streaming services and operates an ad business on its platform. Roku is the U.S. market leader in streaming video distribution, reaching 145 million people as of 2024. The company also operates in Australia, Canada, France, Germany, the U.K., and Latin America.

GRAB vs ROKU — Head-to-Head

Bigger by revenue
GRAB
GRAB
1.1× larger
GRAB
$1.5B
$1.4B
ROKU
Higher net margin
ROKU
ROKU
4.0% more per $
ROKU
5.8%
1.8%
GRAB

Income Statement — Q4 FY2024 vs Q4 FY2025

Metric
GRAB
GRAB
ROKU
ROKU
Revenue
$1.5B
$1.4B
Net Profit
$26.0M
$80.5M
Gross Margin
43.1%
43.5%
Operating Margin
-2.5%
4.7%
Net Margin
1.8%
5.8%
Revenue YoY
16.1%
Net Profit YoY
326.4%
EPS (diluted)
$0.01
$0.55

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
GRAB
GRAB
ROKU
ROKU
Q4 25
$1.4B
Q3 25
$1.2B
Q2 25
$1.1B
Q1 25
$1.0B
Q4 24
$1.5B
$1.2B
Q3 24
$1.1B
Q2 24
$968.2M
Q1 24
$881.5M
Net Profit
GRAB
GRAB
ROKU
ROKU
Q4 25
$80.5M
Q3 25
$24.8M
Q2 25
$10.5M
Q1 25
$-27.4M
Q4 24
$26.0M
$-35.5M
Q3 24
$-9.0M
Q2 24
$-34.0M
Q1 24
$-50.9M
Gross Margin
GRAB
GRAB
ROKU
ROKU
Q4 25
43.5%
Q3 25
43.4%
Q2 25
44.8%
Q1 25
43.6%
Q4 24
43.1%
42.7%
Q3 24
45.2%
Q2 24
43.9%
Q1 24
44.1%
Operating Margin
GRAB
GRAB
ROKU
ROKU
Q4 25
4.7%
Q3 25
0.8%
Q2 25
-2.1%
Q1 25
-5.7%
Q4 24
-2.5%
-3.3%
Q3 24
-3.4%
Q2 24
-7.4%
Q1 24
-8.2%
Net Margin
GRAB
GRAB
ROKU
ROKU
Q4 25
5.8%
Q3 25
2.0%
Q2 25
0.9%
Q1 25
-2.7%
Q4 24
1.8%
-3.0%
Q3 24
-0.9%
Q2 24
-3.5%
Q1 24
-5.8%
EPS (diluted)
GRAB
GRAB
ROKU
ROKU
Q4 25
$0.55
Q3 25
$0.16
Q2 25
$0.07
Q1 25
$-0.19
Q4 24
$0.01
$-0.24
Q3 24
$-0.06
Q2 24
$-0.24
Q1 24
$-0.35

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GRAB
GRAB
ROKU
ROKU
Cash + ST InvestmentsLiquidity on hand
$3.0B
$2.3B
Total DebtLower is stronger
Stockholders' EquityBook value
$6.4B
$2.7B
Total Assets
$9.3B
$4.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GRAB
GRAB
ROKU
ROKU
Q4 25
$2.3B
Q3 25
$2.3B
Q2 25
$2.3B
Q1 25
$2.3B
Q4 24
$3.0B
$2.2B
Q3 24
$2.1B
Q2 24
$2.1B
Q1 24
$2.1B
Stockholders' Equity
GRAB
GRAB
ROKU
ROKU
Q4 25
$2.7B
Q3 25
$2.6B
Q2 25
$2.6B
Q1 25
$2.5B
Q4 24
$6.4B
$2.5B
Q3 24
$2.5B
Q2 24
$2.4B
Q1 24
$2.4B
Total Assets
GRAB
GRAB
ROKU
ROKU
Q4 25
$4.4B
Q3 25
$4.4B
Q2 25
$4.3B
Q1 25
$4.2B
Q4 24
$9.3B
$4.3B
Q3 24
$4.3B
Q2 24
$4.1B
Q1 24
$4.2B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GRAB
GRAB
ROKU
ROKU
Operating Cash FlowLast quarter
$591.0M
$107.7M
Free Cash FlowOCF − Capex
$106.6M
FCF MarginFCF / Revenue
7.6%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
22.73×
1.34×
TTM Free Cash FlowTrailing 4 quarters
$478.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GRAB
GRAB
ROKU
ROKU
Q4 25
$107.7M
Q3 25
$127.6M
Q2 25
$109.7M
Q1 25
$138.7M
Q4 24
$591.0M
$79.3M
Q3 24
$68.7M
Q2 24
$23.4M
Q1 24
$46.7M
Free Cash Flow
GRAB
GRAB
ROKU
ROKU
Q4 25
$106.6M
Q3 25
$126.5M
Q2 25
$108.6M
Q1 25
$136.8M
Q4 24
$76.8M
Q3 24
$67.6M
Q2 24
$22.5M
Q1 24
$46.0M
FCF Margin
GRAB
GRAB
ROKU
ROKU
Q4 25
7.6%
Q3 25
10.4%
Q2 25
9.8%
Q1 25
13.4%
Q4 24
6.4%
Q3 24
6.4%
Q2 24
2.3%
Q1 24
5.2%
Capex Intensity
GRAB
GRAB
ROKU
ROKU
Q4 25
0.1%
Q3 25
0.1%
Q2 25
0.1%
Q1 25
0.2%
Q4 24
0.2%
Q3 24
0.1%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
GRAB
GRAB
ROKU
ROKU
Q4 25
1.34×
Q3 25
5.14×
Q2 25
10.45×
Q1 25
Q4 24
22.73×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GRAB
GRAB

Segment breakdown not available.

ROKU
ROKU

Services$1.2B88%
Products$170.9M12%

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