A Business at a Glance
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Roblox is an immersive gaming and creation platform (the “Roblox Platform” or “Platform”) that offers people millions of ways to be together, inviting its community to explore, create, and share endless unique experiences. Our vision is to reimagine the way people come together– in a world that’s safe, civil, and optimistic. To achieve this vision, we are building an innovative company that, together with the Roblox community, has the ability to strengthen our social fabric and support economic growth for people around the world. Our Platform consists of the Roblox Client, the Roblox Studio, and the Roblox Cloud. Roblox Client is the application that allows users to seamlessly explore immersive experiences. Roblox Studio is the free toolset that allows creators to build, publish, and operate immersive experiences and other content accessed with the Roblox Client. Roblox Cloud includes the services and infrastructure that power our Platform.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 4.9B | 4.9B | 3.6B | 2.8B | 2.2B | 1.9B |
| Net Income | -1.1B | -1.1B | -935M | -1.2B | -924M | -492M |
| EPS | $-1.54 | $-1.54 | $-1.44 | $-1.87 | $-1.55 | $-0.97 |
| Free Cash Flow | 1.4B | 1.4B | 643M | 138M | -57M | 566M |
| ROIC | -494.3% | -76.8% | -76.2% | -16.1% | -71.4% | -31.3% |
| Gross Margin | 78.1% | 78.1% | 77.8% | 76.8% | 75.4% | 74.1% |
| Debt/Equity | 2.55 | 2.55 | 4.54 | 13.17 | 3.23 | 1.69 |
| Dividends/Share | $0.00 | $0.00 | - | - | - | - |
| Operating Income | -1.2B | -1.2B | -1.1B | -1.3B | -924M | -495M |
| Operating Margin | -25.2% | -25.2% | -29.5% | -45.0% | -41.5% | -25.8% |
| ROE | -270.0% | -345.8% | -422.4% | -1510.0% | -302.1% | -84.1% |
| Shares Outstanding | 692M | 692M | 650M | 616M | 596M | 507M |
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | |||
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 508M | 924M | 1.9B | 2.2B | 2.8B | 3.6B | 4.9B | 4.9B |
| Gross Margin | 75.9% | 74.0% | 74.1% | 75.4% | 76.8% | 77.8% | 78.1% | 78.1% |
| R&D | 107M | 201M | 533M | 873M | 1.3B | 1.4B | 1.6B | 1.6B |
| SG&A | 42M | 97M | 303M | 297M | 390M | 408M | 580M | 580M |
| EBIT | -76M | -266M | -495M | -924M | -1.3B | -1.1B | -1.2B | -1.2B |
| Op. Margin | -15.0% | -28.8% | -25.8% | -41.5% | -45.0% | -29.5% | -25.2% | -25.2% |
| Net Income | -71M | -253M | -492M | -924M | -1.2B | -935M | -1.1B | -1.1B |
| Net Margin | -14.0% | -27.4% | -25.6% | -41.5% | -41.2% | -26.0% | -21.8% | -21.8% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 7.0M | 7.0M | 7.0M |
| Returns on Capital | ||||||||
| ROIC | N/A | -14.4% | -31.3% | -71.4% | -16.1% | -76.2% | -76.8% | N/M |
| ROE | N/A | N/A | -84.1% | -302.1% | -1510.0% | -422.4% | -345.8% | -270.0% |
| ROA | N/A | -13.7% | -10.8% | -17.2% | -18.7% | -13.0% | -12.7% | -11.1% |
| Cash Flow | ||||||||
| Op. Cash Flow | 99M | 524M | 659M | 369M | 458M | 822M | 1.8B | 1.8B |
| Free Cash Flow | 16M | 420M | 566M | -57M | 138M | 643M | 1.4B | 1.4B |
| Owner Earnings | 54M | 401M | 242M | -350M | -618M | -420M | 442M | 442M |
| CapEx | 83M | 104M | 93M | 426M | 321M | 180M | 441M | 441M |
| Maint. CapEx | 28M | 44M | 76M | 130M | 208M | 226M | 226M | 226M |
| Growth CapEx | 56M | 60M | 18M | 296M | 113M | 0 | 215M | 215M |
| D&A | 28M | 44M | 76M | 130M | 208M | 226M | 226M | 226M |
| CapEx/OCF | N/A | N/A | 14.2% | 115.4% | 70.0% | 21.8% | N/A | 24.5% |
| Capital Allocation | ||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 18M | 79M | 342M | 589M | 868M | 1.0B | 1.1B | 1.1B |
| Debt Repayment | 0 | 0 | 2.3M | 154K | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||||||
| Net Debt | N/A | -1.8B | -5.0B | -2.0B | -1.2B | -1.4B | -2.0B | -198M |
| Cash & Equiv. | N/A | 894M | 3.0B | 3.0B | 678M | 712M | 1.2B | 1.2B |
| Long-Term Debt | N/A | 0 | 988M | 989M | 1.0B | 1.0B | 993M | 993M |
| Debt/Equity | N/A | 0.00 | 1.69 | 3.23 | 13.17 | 4.54 | 2.55 | 2.55 |
| Interest Coverage | N/A | N/A | -70.7 | -23.2 | -30.9 | -25.8 | -29.7 | -29.7 |
| Equity | -113M | -252M | 585M | 306M | 76M | 221M | 394M | 394M |
| Total Assets | N/A | 1.8B | 4.6B | 5.4B | 6.2B | 7.2B | 9.6B | 9.6B |
| Total Liabilities | N/A | 1.7B | 4.0B | 5.1B | 6.1B | 7.0B | 9.2B | 9.2B |
| Intangibles | N/A | 102M | 178M | 189M | 195M | 176M | 161M | 161M |
| Retained Earnings | N/A | -492M | -984M | -1.9B | -3.1B | -4.0B | -5.1B | -5.1B |
| Working Capital | N/A | 196M | 1.6B | 1.4B | 223M | 65M | -228M | -228M |
| Current Assets | N/A | 1.4B | 3.7B | 3.8B | 3.3B | 3.7B | 4.9B | 4.9B |
| Current Liabilities | N/A | 1.2B | 2.2B | 2.5B | 3.1B | 3.7B | 5.1B | 5.1B |
| Per Share Data | ||||||||
| EPS | -0.44 | -1.39 | -0.97 | -1.55 | -1.87 | -1.44 | -1.54 | -1.54 |
| Owner EPS | 0.09 | 0.68 | 0.48 | -0.59 | -1.00 | -0.65 | 0.64 | 0.64 |
| Book Value | -0.19 | -0.43 | 1.15 | 0.51 | 0.12 | 0.34 | 0.57 | 0.57 |
| Cash Flow/Share | 0.17 | 0.89 | 1.30 | 0.62 | 0.74 | 1.27 | 2.60 | -1.21 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 | 0.00 |
| Shares Out. | 587.8M | 587.8M | 506.9M | 596.4M | 616.0M | 649.6M | 691.6M | 691.6M |
| Valuation | ||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -37.4 |
| P/FCF | N/A | N/A | 88.4 | N/A | 208.0 | 60.1 | N/A | 29.4 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | 85.6 | 51.0 | 374.9 | 174.4 | N/A | 101.1 |
| Price/Sales | N/A | N/A | 22.5 | 11.7 | 8.1 | 7.6 | N/A | 8.2 |
| FCF Yield | N/A | N/A | 1.1% | -0.4% | 0.5% | 1.7% | N/A | 3.4% |
| Market Cap | N/A | N/A | 50.0B | 15.6B | 28.6B | 38.6B | 0 | 39.9B |
| Avg. Price | N/A | N/A | 85.02 | 43.59 | 36.96 | 41.98 | 0.00 | 57.66 |
| Year-End Price | N/A | N/A | 98.74 | 26.16 | 46.43 | 59.45 | 0.00 | 57.66 |
Roblox Corp passes 2 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 32.3x vs a median of 74.3x. The company's 5-year average gross margin is 76.4%. At current prices, the estimated annualized return to fair value is -15.2%.
Roblox Corp (RBLX) has a 5-year average return on invested capital (ROIC) of -54.3%. This is below average and may indicate limited pricing power.
Roblox Corp (RBLX) has a market capitalization of $39.9B. It is classified as a large-cap stock.
Roblox Corp (RBLX) does not currently pay a regular dividend.
Roblox Corp (RBLX) operates in the Services-Prepackaged Software industry, within the Technology sector.
Roblox Corp (RBLX) reported annual revenue of $4.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
Roblox Corp (RBLX) has a net profit margin of -21.8%. The company is currently unprofitable.
Roblox Corp (RBLX) generated $1.4 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Roblox Corp (RBLX) has a debt-to-equity ratio of 2.55. This indicates higher leverage, which may increase financial risk.
Roblox Corp (RBLX) reported earnings per share (EPS) of $-1.54 in its most recent fiscal year.
Roblox Corp (RBLX) has a return on equity (ROE) of -345.8%. A negative ROE may indicate losses or negative equity.
Roblox Corp (RBLX) has a 5-year average gross margin of 76.4%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 7 years of financial data for Roblox Corp (RBLX), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Roblox Corp (RBLX) has a book value per share of $0.57, based on its most recent annual SEC filing.