Roku discloses ~$487M (26% of cash) held at failed Silicon Valley Bank, recovery uncertain

ROKU, INC

Total cash and equivalents ~$1.9B as of March 10, 2023.
Approximately $487M held at SVB, representing ~26% of total cash; largely uninsured.
SVB closed by regulators; FDIC appointed receiver; uninsured depositors face uncertainty.
Roku expects existing cash and cash flow to fund operations for next 12 months and beyond.
Remaining $1.4B cash is distributed across multiple large financial institutions.

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