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Roku held $487 million in cash at Silicon Valley Bank; 26% of its cash

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Roku discloses it has $487 million in deposits at failed Silicon Valley Bank. That’s 26% of its cash.

"At this time, the Company does not know to what extent the Company will be able to recover its cash on deposit at SVB," Roku said in the filing. that its"existing cash and cash equivalents balance and cash flow from operations will be sufficient to meet its working capital, capital expenditures, and material cash requirements from known contractual obligations for the next twelve months and beyond.

Roku's remaining $1.4 billion in cash and cash equivalents have been distributed across"multiple large financial institutions" the company said in the

 

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