Roblox
RBLX NYSE Interactive Home Entertainment Financials FY2019–FY2025
Roblox's revenue rose 35.8% to $4.9 billion in fiscal 2025. Its operating margin was −25.2%, up from −29.5% a year earlier. Free cash flow was $1.4 billion, up 110.9%. The diluted share count rose 6.5%.
What Roblox does
Roblox runs an online platform where people play and hang out in millions of games and virtual worlds, called experiences, on phones, computers and game consoles. These are built by its community of creators, from students and hobbyists to full-time studios, using Roblox's free building tools. In 2025 an average of 127 million people a day used Roblox, in more than 180 countries.
Most experiences on Roblox are free to play. It makes nearly all of its money by selling Robux, its virtual currency, which players spend on items for their avatars and extras inside experiences. Creators earn Robux from those sales, from ads and from a rewards program, and those who qualify can swap them for cash. Revenue rose by $1,288.6 million in 2025. Purchases through Apple's App Store made up 29% of revenue and Google Play 15%, and about 39% came from outside the US and Canada. Roblox says it competes for people's time with big tech, entertainment and game companies, video and music services, and social media, and for creators with platforms such as Epic Games, Unity, Meta and Valve.
Roblox had 3,065 full-time employees at the end of 2025, most of them at its San Mateo, California headquarters, and it also had thousands of trust and safety agents around the world.
- Legal name
- Roblox Corporation
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 11, 2026
- Accession · CIK
- 0001315098-26-000024
0001315098
Revenue and margins
Roblox had $4.9B of revenue in fiscal 2025, up 35.8% on the year before.
Net income and earnings per share
Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was $1.4B in fiscal 2025, 27.7% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
Roblox returned $0.0M to shareholders in fiscal 2025, 0% of free cash flow. The diluted share count rose 6.5%.
Value Roblox yourself
Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.
Discounted cash flow
Value per share
—
Adds net cash of $1.9B and divides by 689.6M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.
Balance sheet
Cash, debt and the ratios that show how comfortably Roblox can carry it.
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $3.0B | $3.0B | $2.2B | $2.4B | $3.1B |
| Debt incl. finance leases | $1.3B | $1.3B | $1.3B | $1.2B | $1.2B |
| Debt / equity | 2.3x | 4.2x | — | — | — |
| Interest coverage | −70.8x | −23.2x | −30.9x | −25.8x | −29.7x |
| Current ratio | 1.7x | 1.6x | 1.1x | 1.0x | 1.0x |
| Quick ratio | 1.7x | 1.6x | 1.1x | 1.0x | 1.0x |
| Total assets | $4.6B | $5.4B | $6.2B | $7.2B | $9.6B |
| Total liabilities | $4.0B | $5.1B | $6.1B | $7.0B | $9.2B |
| Shareholders' equity | $585M | $306M | $76.3M | $221M | $395M |
| Net debt (− = net cash) | −$1.7B | −$1.7B | −$941M | −$1.2B | −$1.9B |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$5.7M
8 insiders
Of sales under plans
24%
$1.4M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 8, 2026 | Mark ReinstraChief Legal Off. & Corp. Sec. | Sold plan | 5,773 | $44.80 | $0.3M | Form 4 |
| Sep 1, 2026 | Gregory BaszuckiDirector | Sold plan | 16,666 | $40.47 | $0.7M | Form 4 |
| Aug 31, 2026 | Andrea L WongDirector | Sold | 562 | $40.89 | $0.0M | Form 4 |
| Aug 25, 2026 | Amy Marie RawlingsChief Accounting Officer | Sold plan | 237 | $38.89 | $0.0M | Form 4 |
| Aug 24, 2026 | Sean Jack BuckleyChief People & Systems Officer | Sold plan | 4,321 | $38.68 | $0.2M | Form 4 |
| Aug 20, 2026 | Amy Marie RawlingsChief Accounting Officer | Sold | 5,061 | $37.97 | $0.2M | Form 4 |
| Aug 20, 2026 | David BaszuckiPresident & CEO, Director, 10% owner | Sold | 52,568 | $37.96 | $2.0M | Form 4 |
| Aug 20, 2026 | Mark ReinstraChief Legal Off. & Corp. Sec. | Sold | 17,934 | $37.96 | $0.7M | Form 4 |
| Aug 20, 2026 | Matthew D KaufmanChief Safety Officer | Sold | 14,904 | $37.96 | $0.6M | Form 4 |
| Aug 20, 2026 | Naveen K. ChopraChief Financial Officer | Sold | 17,509 | $37.96 | $0.7M | Form 4 |
| Aug 20, 2026 | Sean Jack BuckleyChief People & Systems Officer | Sold | 5,607 | $37.97 | $0.2M | Form 4 |
| Aug 19, 2026 | Mark ReinstraChief Legal Off. & Corp. Sec. | Sold plan | 6,250 | $40.00 | $0.3M | Form 4 |
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | ✕ | ✕ | ✕ |
| Cash from operations is positive | ✓ | ✓ | ✓ |
| Return on assets rose | ✕ | ✓ | ✓ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ |
| Debt fell relative to assets | ✓ | ✓ | ✓ |
| Current ratio rose | ✕ | ✕ | ✕ |
| Share count didn't rise | ✕ | ✕ | ✕ |
| Gross margin rose | ✓ | ✓ | ✓ |
| Revenue rose relative to assets | ✓ | ✓ | ✓ |
| F-score | 5 / 9 | 6 / 9 | 6 / 9 |
| Accruals ratio | −27.9% | −26.4% | −34.2% |
| Altman Z'' | −2.74 | −2.72 | −2.71 |
Similar companies
Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| Roblox RBLX | $37.9B | 35.8% | −25.2% | 27.7% | — | — | 6 | |
| Pinterest PINS | $12.6B | 15.8% | 7.6% | 29.7% | 13.2% | 65.7x | 5 | Compare → |
| Take-Two Interactive TTWO | $37.9B | 18.2% | −1.6% | 6.9% | −2.0% | — | 7 | Compare → |
| Liberty Global LBTYA | $2.7B | 12.4% | −0.5% | −2.7% | −0.1% | — | 5 | Compare → |
| AMC Entertainment AMC | $2.1B | 4.6% | −0.4% | −7.6% | −0.8% | — | 2 | Compare → |
7 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | $508M | $924M | $1.9B | $2.2B | $2.8B | $3.6B | $4.9B |
| Gross profit | $386M | $684M | $1.4B | $1.7B | $2.2B | $2.8B | $3.8B |
| Research and development | $107M | $201M | $533M | $874M | $1.3B | $1.4B | $1.6B |
| Operating income | −$76.4M | −$266M | −$495M | −$924M | −$1.3B | −$1.1B | −$1.2B |
| Interest expense | $0.0M | $0.0M | $7.0M | $39.9M | $40.7M | $41.2M | $41.5M |
| Pretax income | −$71.1M | −$264M | −$504M | −$931M | −$1.2B | −$937M | −$1.1B |
| Income tax | $0.0M | −$6.7M | −$0.3M | $3.6M | $0.5M | $4.1M | $3.6M |
| Net income | −$71.0M | −$253M | −$492M | −$924M | −$1.2B | −$935M | −$1.1B |
| Diluted EPS | −$0.44 | −$1.39 | −$0.97 | −$1.55 | −$1.87 | −$1.44 | −$1.54 |
| Diluted shares | 0.16B | 0.18B | 0.51B | 0.60B | 0.62B | 0.65B | 0.69B |
| Cash flow | |||||||
| Cash from operations | $99.2M | $524M | $659M | $369M | $458M | $822M | $1.8B |
| Capital expenditure | $83.3M | $104M | $93.3M | $426M | $321M | $180M | $441M |
| Free cash flow | $15.9M | $420M | $566M | −$56.9M | $138M | $643M | $1.4B |
| Depreciation and amortization | $27.7M | $43.8M | $75.6M | $130M | $208M | $226M | $226M |
| Stock-based compensation | $17.6M | $79.2M | $342M | $590M | $868M | $1.0B | $1.1B |
| Acquisitions | $0.0M | $40.9M | $45.7M | $13.4M | $3.9M | $2.8M | $0.0M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Dividends and buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Balance sheet | |||||||
| Cash and short-term investments | $302M | $894M | $3.0B | $3.0B | $2.2B | $2.4B | $3.1B |
| Total debt | — | $0.0M | $1.3B | $1.3B | $1.3B | $1.2B | $1.2B |
| Finance lease liabilities | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Current assets | — | $1.4B | $3.7B | $3.8B | $3.3B | $3.7B | $4.9B |
| Current liabilities | — | $1.2B | $2.2B | $2.5B | $3.1B | $3.7B | $5.1B |
| Inventory | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Property and equipment, net | — | $206M | $271M | $592M | $695M | $660M | $885M |
| Total assets | — | $1.8B | $4.6B | $5.4B | $6.2B | $7.2B | $9.6B |
| Total liabilities | — | $1.7B | $4.0B | $5.1B | $6.1B | $7.0B | $9.2B |
| Shareholders' equity | −$113M | −$252M | $585M | $306M | $76.3M | $221M | $395M |
| Margins | |||||||
| Gross margin | 75.9% | 74.0% | 74.1% | 75.4% | 76.8% | 77.8% | 78.1% |
| Operating margin | −15.0% | −28.8% | −25.8% | −41.5% | −45.0% | −29.5% | −25.2% |
| EBITDA margin | −9.6% | −24.1% | −21.9% | −35.7% | −37.5% | −23.2% | −20.6% |
| Net margin | −14.0% | −27.4% | −25.6% | −41.5% | −41.2% | −26.0% | −21.8% |
| FCF margin | 3.1% | 45.5% | 29.5% | −2.6% | 4.9% | 17.8% | 27.7% |
| Returns | |||||||
| Return on capital employed | — | — | −32.9% | −34.9% | −41.9% | −32.1% | −31.0% |
| Return on equity | — | — | −295.8% | −207.5% | — | — | — |
| Return on assets | — | — | −15.3% | −18.6% | −20.0% | −14.0% | −12.7% |
| Growth | |||||||
| Revenue growth | — | 81.7% | 107.7% | 15.9% | 25.8% | 28.7% | 35.8% |
| FCF growth | — | 2,539.2% | 34.7% | −110.1% | — | 367.4% | 110.9% |
| Share count change | — | 11.7% | 177.8% | 17.7% | 3.5% | 5.0% | 6.5% |
| Financial health | |||||||
| Debt / equity | — | — | 2.3x | 4.2x | — | — | — |
| Interest coverage | — | — | −70.8x | −23.2x | −30.9x | −25.8x | −29.7x |
| Current ratio | — | 1.2x | 1.7x | 1.6x | 1.1x | 1.0x | 1.0x |
| Quick ratio | — | 1.2x | 1.7x | 1.6x | 1.1x | 1.0x | 1.0x |
| Capital allocation | |||||||
| Capex / revenue | 16.4% | 11.3% | 4.9% | 19.2% | 11.5% | 5.0% | 9.0% |
| Stock comp / revenue | 3.5% | 8.6% | 17.8% | 26.5% | 31.0% | 28.2% | 23.1% |
| Payouts / FCF | 0.0% | 0.0% | 0.0% | — | 0.0% | 0.0% | 0.0% |
| Quality scores | |||||||
| Piotroski F-score | — | — | — | 5.0 | 5.0 | 6.0 | 6.0 |
| Altman Z'' | — | −1.3 | 1.0 | −0.6 | −2.7 | −2.7 | −2.7 |
| Accruals ratio | — | — | −35.9% | −26.0% | −27.9% | −26.4% | −34.2% |
Source: SEC EDGAR XBRL filings (CIK 0001315098). Data updated October 11, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.