I am trying to figure out why Roku (2019 year) had a net loss. I have done a Vertical and Horizontal Analysis for the income statement/Balance sheet. Please share a descriptive, detailed answer.

Vertical Analysis 2,018 Increase (Decr) % Change 155,564.00 42,146.00 231% -100% 359,915 (42,146) 1,854 149,595 183,078.00 82% Balance Sheet Honrizontal Analysis Assets 2,019 Current Assets: Cash and cash equivalents 515,479.00 Short-term investments Restricted cash 1,854.00 Accounts receivable, (net of allowances of $27,521 and $21,897 as of) 332,673.00 December 31, 2019 and 2018, respectively Inventories 49,714.00 Prepaid expenses and other current assets 25,943.00 Total current assets 925,663.00 Property and equipment, net 103,262.00 Operating lease right-of-use assets 283,291.00 Intangible assets, net 76,668.00 Goodwill 74,116.00 Other non-current assets 7,234.00 Total Assets 1,470,234.00 35.06% 0.00% 0.13% 22.63% 0.00% 3.38% 1.76% 35,585.00 16,562.00 432,935.00 25,264.00 40% 57% 114% 309% 62.96% 14,129 9,381 492,728 77,998 283,291 75,191 72,734 3,295 1,005,237 1,477.00 1,382.00 3,939.00 464,997.00 5091% 5263% 84% 216% 7.02% 19.27% 5.21% 5.04% 0.49% 100.00% 37.04% 100% Liabilities and Stockholders' Equity 56,576.00 91,986.00 7.84% 13.49% 0.33% 2.71% 45,442.00 Current Liabilities: Accounts payable Accrued liabilities Current portion of long-term debt Deferred revenue, current portion Total current liabilities Long-term debt, non-current portion Deferred revenue, non-current portion Operating lease liability, non-current Other long-term liabilities Total Long Term Liab Total Liabilities Commitments and contingencies (Note 12) Stockholders' Equity: 115,227.00 198,347.00 4,866.00 39,861.00 358,301.00 94,742.00 15,370.00 301,694.00 1,701.00 58,651.00 106,361.00 4,866.00 (5,581.00) 358,301.00 94,742.00 (4,224.00) 301,694.00 (5,047.00) 51% 54% 100% -14% 100% 100% -27% 100% -297% 24.37% 19,594.00 6.44% 1.05% 20.52% 0.12% 6,748.00 28.13% 52.50% 771,808.00 220,346.00 551,462.00 71% 12.00 11.00 1.00 9% 0.00% 10aeaeearia 11, Ital Ins; daddig wel 1, 2014 2013 Common stock, 50.0001 par value; 1,156,00 CA-106,064 Cas - 156,00 wer),2016 2018 118-35146 104,170CA-11326-31) added 11,2016 2018, rydy Additional paid-in capital Accumulated other comprehensive loss Accumulated deficit (Retained Earnings-negative cumulative) Total stockholders' equity Total Liabilities and Stockholders' Equity 1,012,218.00 498,553.00 29.00 (17.00) (313,833.00) (253,896.00) 698,426.00 244,651.00 1,470,234.00 464,997.00 513,665.00 46.00 (59,937.00) 453,775.00 1,005,237.00 103% -271% 24% 185% 216% 68.85% 0.00% -21.35% 47.50% 100.00%