Saturday, August 2, 2025

Latest

Roku Reveals $487 Million In Cash Is Held At Shuttered Silicon Valley Bank

Roku Inc (NASDAQ: ROKU) evidently is one of the depositors impacted by the implosion of Silicon Valley Bank (NASDAQ: SIVB), which today saw its operations shuttered by the California Department of Financial Protect and Innovation.

The company in a Form 8-K filing this evening indicated that it had approximately $487 million in cash held at Silicon Valley Bank. The figure equates to roughly 26% of the firms total cash and cash equivalent balance of $1.9 billion as of the market close today. The remaining $1.4 billion is said to be distributed “across multiple large financial institutions.”

The Federal Deposit Insurance Corporation, or FDIC, insures depositors up to $250,000. The remainder as a result is uninsured, and it is unclear at this time how much will be recoverable. Roku as such has indicated that it “does not know to what extent the Company will be able to recover its cash on deposit at SVB.”

Roku meanwhile believes that its existing cash and cash equivalents will be sufficient to meet working capital, capital expenditures, and material cash requirements for its operations for the next twelve months and beyond.


Information for this briefing was found via Edgar, FDIC, and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why Gold’s Bull Run May Just Be Getting Started! | Peter Grandich

Tariffs Spark New Race for Critical Metals | Rob McEwen

Antimony Resources: The Bald Hill Project

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

Roku Q1 2023 Financials: Revenue Up 1%, Expenses Spiked 42%

Roku Inc (Nasdaq: ROKU) reported its Q1 2023 financial results on Wednesday. The firm earned a...

Thursday, April 27, 2023, 10:39:00 AM

Biden Administration Turns to Warren Buffett for Banking Crisis Advice

Washington is getting desperate to contain the unfolding banking crisis, and is now looking for...

Monday, March 20, 2023, 06:18:00 AM

US Bailout of SVB Will Include Chinese Communist Party-Linked Depositors

The federal effort to make depositors of the collapsed Silicon Valley Bank whole will include...

Friday, March 17, 2023, 02:18:00 PM

Swedish Pension Fund Suffers Over $728M Loss After Selling Position in First Republic Bank

The steep drop in First Republic Bank (NYSE: FRC) shares Monday came as a surprise...

Wednesday, March 22, 2023, 06:18:00 AM

Bank Failures: Is Deposit Insurance The Answer?

In the months leading up to Silicon Valley Bank’s (NASDAQ: SIVB) demise, the bank’s lobbying...

Thursday, March 16, 2023, 04:30:00 PM