Roblox Corporation

RBLX Communication Services Electronic Gaming & Multimedia

Roblox Corporation’s revenue for fiscal 2025 (year ended December 2025) was $4.9 billion, up 35.8% from fiscal 2024.

Revenue
+15.6%
EPS
+13.5%
Free cash flow
−17.7%
Total debt
+1.64%

Quarter to September 2026, against a year earlier

48.21 0.56 +1.18%
Market cap
$34.1B
P/E
0.0×
Fwd P/E
−29.4×
Dividend yield
—
F-score
6/9
Altman Z
2.97
Beneish M
−3.47
Dividend safety
n/a

Insider Decisions last twelve months

Sold, $m 76.37
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 1 3 13 — 3 9 2 2 11 2 2 1
Insider Ownership 11.31%

Capital & Financial Ratios $m

Size
Market Cap 34,100.00
Revenue ttm 5,897.55
Net income ttm (980.62)
Free cash flow ttm 1,560.88
Net debt Q (2,187.00)
Valuation
P/E 0.00
Forward P/E (29.40) (negative: loss-making)
Price / sales 5.82
Forward P/S Powerpack
Price / FCF 22.01
Price / book 0.00
Financial health
Current ratio Q 0.80 (below 1: weak)
Debt / equity Q (37.37) (negative: negative equity)
Interest coverage Q (25.73)
Growth
Revenue growth Q +15.59% (above 0%: growing)
Operating income growth Q +4.39% (above 0%: growing)
EPS, this year +7.43%
EPS, next year A +10.90%
Revenue, next year A +41.78% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +11.91%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/S against its own 10 years 3.87%
10-year low 10-year high
EV/Sales against its own 10 years 3.94%
10-year low 10-year high
EV/FCF against its own 10 years 7.04%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 2,193 2,410 3,055 3,196
Receivables 506 615 901 497
Inventory — — — —
Other — — — —
3,275 3,728 4,898 4,737
2023 2024 2025 Q'26
Payables 60 43 65 37
ST’ Debt — — — —
Other 315 340 496 444
3,052 3,663 5,126 5,945

Compound Annual Growth %

10y 5y 3y
Sales — 39.56% 30.02%
Cash Flow — 27.93% 69.44%
Earnings — 0.00% 0.00%
Book Value — 0.00% 7.12%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 (0.35) (0.26) (0.32) — —
’25 (0.32) (0.41) (0.37) (0.45) (1.54)
’24 (0.43) (0.32) (0.37) (0.33) (1.44)
’23 (0.44) (0.46) (0.45) (0.52) (1.87)
’22 (0.27) (0.30) (0.50) (0.48) (1.55)
’21 (0.46) (0.25) (0.13) (0.25) (0.97)
’20 (0.44) (0.40) (0.27) (0.30) (1.41)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,442 1,469 1,572 — —
’25 1,035 1,081 1,360 1,415 4,891
’24 801 894 919 988 3,602
’23 655 681 713 750 2,799
’22 537 591 518 579 2,225
’21 387 454 509 569 1,919
’20 162 200 252 310 924
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 629 318 395 — —
’25 444 199 546 607 1,796
’24 239 151 247 184 822
’23 174 28 113 143 458
’22 156 26 67 119 369
’21 164 191 181 122 659
’20 44 117 185 179 524
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 596 294 364 — —
’25 427 176 442 308 1,353
’24 191 112 218 121 641
’23 82 (96) 60 78 124
’22 105 (57) (68) (38) (58)
’21 142 168 171 77 558
’20 35 99 159 119 411
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 23.8% a year for ten years.

Implied
23.8%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — 325 508 924 1,919 2,225 2,799 3,602 4,891 5,898 +47.3% 6,934 7,848 9,094 +23.0%
Gross margin, % — — 77.54 75.93 74.03 74.11 75.39 76.81 77.76 78.07 79.33 +0.5 pt
EBT — — (88) (71) (264) (504) (931) (1,158) (936) (1,068) (976) +42.8%
EBT margin, % — — (27.10) (13.99) (28.61) (26.25) (41.82) (41.39) (26.00) (21.84) (16.55) +5.3 pt
Net income — 0 (88) (71) (258) (503) (934) (1,159) (941) (1,072) (981) n/m
Per share, $
Per share, $ Revenue — — 2.21 3.12 5.07 3.79 3.74 4.54 5.56 7.09 8.24 +18.2%
Earnings — — (0.60) (0.44) (1.41) (0.97) (1.55) (1.87) (1.44) (1.54) (1.38) +14.5%
Cash flow — — 0.69 0.61 2.88 1.30 0.62 0.74 1.27 2.60 2.72 +21.0%
Capex — — (0.45) (0.52) (0.62) (0.20) (0.72) (0.54) (0.28) (0.64) (0.54) +5.3%
Free cash flow — — 0.24 0.09 2.26 1.10 (0.10) 0.20 0.99 1.96 2.18 +35.2%
Book value — — 0.00 (0.69) (1.28) 1.17 0.51 0.11 0.32 0.54 (0.04) n/m
Shares, m — — 147 163 182 506 596 616 647 690 709 +24.7%
Valuation, ×
Valuation, × P/E — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
P/S — — 13.70 13.70 13.70 27.19 7.45 9.47 10.40 11.43 5.82 13.4
P/B — — 0.00 0.00 0.00 88.01 54.38 386.16 179.55 149.01 0.00 107.1
EV/Sales — — 13.11 13.11 13.11 26.14 6.56 9.04 10.01 11.00 5.45 12.8
EV/FCF — — 29.44 29.44 29.44 89.91 (250.10) 204.11 56.23 39.78 20.61 28.5
Cash, $m
Cash, $m Operating cash flow — — 101 99 524 659 369 458 822 1,796 1,949 +50.9%
Capex — — (66) (85) (113) (101) (428) (334) (181) (443) (388) +31.3%
Free cash flow — — 35 14 411 558 (58) 124 641 1,353 1,561 +68.6%
Balance, $m
Balance, $m Working capital — — (2) 76 196 1,583 1,358 223 65 (228) (1,208) +96.8%
Net debt — — (97) (172) (549) (2,017) (1,988) (1,188) (1,403) (2,062) (2,187) +54.8%
Shareholders’ equity — — — (113) (232) 593 305 69 209 375 (27) n/m
Returns, %
Returns, % ROA — — 0.00 (18.67) (19.42) (15.34) (18.61) (19.96) (14.02) (12.73) (10.43) (12.7) pt
ROIC — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0 pt
ROE — — 70.46 62.82 146.67 (272.73) (205.88) (616.57) (674.68) (364.97) (535.22) (435.4) pt
People
People Employees — — — — 960 1,600 2,128 2,457 2,474 3,065 — +26.1%
Revenue/emp, $m — — 0.00 0.00 0.96 1.20 1.05 1.14 1.46 1.60 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

Roblox operates an online gaming and creation platform where people play, socialize and make digital experiences. Founded in 2004 and headquartered in San Mateo, the company is led by co-founder and chief executive David Baszucki.

Users enter experiences through the free Roblox Client app. They can play games, meet friends, communicate and customize an avatar that represents them across much of the platform. Experiences run on mobile devices, computers, consoles and selected virtual-reality hardware. Parents and caregivers can use controls to limit features such as chat, screen time and spending.

Roblox Corporation vs peers in Electronic Gaming & Multimedia (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NTES NetEase, Inc. $80.6B 16.9× 12.5× +13.96% (above 0%: growing) −14.36% (below 0%: shrinking) +1.53% (above 0%: growing) 70.47% 40.16% Compare
TTWO Take-Two Interactive Software, Inc. $39.9B — (loss-making) 111× +2.00% (above 0%: growing) n/m −182.48% (below 0%: shrinking) 57.53% (2.31%) Compare
RBLX Roblox Corporation $34.1B — (loss-making) — (loss-making) +15.59% (above 0%: growing) n/m −17.65% (below 0%: shrinking) 79.77% (18.00%)
PLTK Playtika Holding Corp. $881.1M — (loss-making) 5.0× −0.12% (below 0%: shrinking) 0.00% +65.31% (above 0%: growing) 74.03% 17.25% Compare
DDI DoubleDown Interactive Co., Ltd. Sponsored ADR $675.4M 5.4× 5.2× +11.17% (above 0%: growing) +50.00% (above 0%: growing) +24.80% (above 0%: growing) 75.54% 38.72% Compare
GRVY GRAVITY Co., Ltd. $462.0M 8.0× — −17.14% (below 0%: shrinking) +60.28% (above 0%: growing) +3,467.78% (above 0%: growing) 32.33% 17.04% Compare
SOHU Sohu.com Inc. $355.1M 1.6× — (loss-making) +7.34% (above 0%: growing) n/m +65.84% (above 0%: growing) 78.64% (13.50%) Compare
FIRY Firy Inc. $178.7M — (loss-making) — (loss-making) +22.92% (above 0%: growing) n/m +15.94% (above 0%: growing) 87.38% (69.59%) Compare
GDEV GDEV Inc. $159.0M 2.2× 2.0× −18.54% (below 0%: shrinking) +1,000.00% (above 0%: growing) +4,744.48% (above 0%: growing) 84.44% 21.72% Compare
Median of peers $568.7M 5.4× 5.2× +4.67% +50.00% +45.06% 74.78% 17.15%

All 22 Electronic Gaming & Multimedia stocks →

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
Wedbush Oct 30, 2026 Target cut — —
Freedom Capital Oct 30, 2026 Target raised — —
Roth Capital Oct 30, 2026 Target cut Buy 54.00
BTIG Oct 30, 2026 Reiterated Sell 42.00
Roth MKM Oct 30, 2026 Target cut — 60.00 → 54.00
Freedom Capital Markets Oct 28, 2026 Reiterated Buy 55.00
DA Davidson Oct 27, 2026 Target raised — 40.00 → 50.00
UBS Oct 27, 2026 Target raised — 45.00 → 53.00
JPMorgan Oct 27, 2026 Target raised — 40.00 → 53.00
Jefferies Oct 27, 2026 Downgrade Underperform 38.00

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 79.15%
Held by the ten largest 46.06%
Holder Shares Stake Change
Fidelity (FMR) 79.72m 11.16% +33.10m
Vanguard 67.01m 9.38% +1.96m
Capital Group 39.80m 5.57% −12.92m
BlackRock 38.33m 5.37% −752.19k
Morgan Stanley 21.74m 3.04% −1.33m
Baillie Gifford 21.12m 2.96% −298.08k
IEQ CAPITAL, LLC 16.57m 2.32% +44.31k
T. Rowe Price 16.42m 2.30% −2.69m
State Street 14.85m 2.08% +617.22k
AQR Capital Management 13.47m 1.89% +5.22m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 16 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 24.57m 82.19m 117.00
2024 2.98m (164.00m) 83.00
2023 2.14m 123.05m 66.00
2022 1.14m (574.30m) 41.00
2021 232.79m 744.61m 148.00
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Roblox Corporation (RBLX) Latest News

2 Nov

Impact 3 · · Trefis

31 Oct

Impact 3 · · The Motley Fool
Impact 3 · · MarketBeat transcript

29 Oct

RBLX metrics, ten years each

stockrow.com/RBLX · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com