Roblox RBLX

Gaming platform. Roblox Corporation, listed on NYSE.

Based on the FY2025 annual report (Jan 2025 – Dec 2025)

Roblox's market cap is
about $34.10 billion.

#277 by market cap among 289 companies, based on the Nov 5, 2026 close. FY2025 revenue was $4.890551B.

Share price (close): $47.65; Close on Nov 5, 2026 · per share
P/E ratio: —; Net loss, or no EPS reported
Market cap: $34.10B; #277 of 289
Revenue: $4.890551B; #268 of 299 · +35.8% YoY
Operating income: −$1.232342B; #225 of 231 · −15.9% YoY
Net income: −$1.065057B; #291 of 298 · −13.9% YoY
Free cash flow: $1.35538B; #197 of 261 · +110.9% YoY
Total assets: $9.557118B; #270 of 299 · +33.2% YoY
Dividends paid: —; Not reported
Dividend per share: —; Not reported
Dividend yield: —; No dividend, or a different currency
Shares outstanding: 708,359,000 shares; As of Dec 31, 2025

Where the revenue went

Revenue is set at 100% and split into what went to costs, R&D, operating expenses and taxes, and what was left as profit.

Cost of revenue21.9%
R&D32.1%
SG&A and other71.2%
Loss21.8%

Non-operating gains such as investment income (3.4% of revenue) offset part of the loss, so the net loss is smaller than the operating loss.

Profitability and stability

Each figure comes with its rank among 300 companies. The further right the dot, the higher the rank.

Revenue growthHow much revenue grew from the previous fiscal year: +35.8%; #19 of 299; Revenue grew sharply over the year. The median across 299 companies is +7.9%.
Operating marginShare of revenue kept as profit from the core business: −25.2%; #228 of 231; The core business lost money. The median across 231 companies is 19.2%.
Net marginShare of revenue left as profit after interest and taxes: −21.8%; #294 of 298; The company lost the equivalent of 21.8% of revenue. The median across 298 companies is 14.0%.
FCF marginShare of revenue left as cash after capital spending: 27.7%; #52 of 261; Plenty of cash is left after capital spending. The median across 261 companies is 15.8%.
ROEHow much profit the company earned on shareholders' equity in a year: −345.8%; #276 of 276; ROE is negative because of a net loss. The median across 276 companies is 16.8%.
Debt-to-equityLiabilities relative to equity. Lower means less debt: 2327.6%; #240 of 244; Liabilities are more than twice equity. The median across 244 companies is 159.6%.

Revenue and profit over time

Gray bars show revenue and the green part inside shows net income. The number above each bar is revenue (abbreviated) and the number below is net margin. Hover over a bar to see the exact amounts.

Currency: US dollars. Years are the years in which each fiscal year ended.

Where the cash went

Unlike profit, cash flow is money that actually came in and went out.

Cash from operations$1.796358B
Capital spending−$440.978M
Free cash flow (FCF)$1.35538B

Whose money funds the assets

The company's assets, split into borrowed money (liabilities) and shareholders' money (equity).

Liabilities 96%Equity 4%

Total assets$9.557118B
Total liabilities$9.182138B
Total equity$394.484M
Cash and equivalents$1.205319B

Compared with similar companies

Based on each company's latest annual report, so fiscal year ends may differ.

Compare in detail

Company	Annual revenue	Net income	Revenue growth	Operating margin	Net margin
RobloxRBLX	$4.890551B	−$1.065057B	+35.8%	−25.2%	−21.8%
TKO Group HoldingsTKO	$4.735151B	$195.403M	−3.0%	17.6%	4.1%
Take-Two InteractiveTTWO	$6.6564B	−$298.2M	+18.2%	−1.6%	−4.5%
Live Nation EntertainmentLYV	$25.201406B	$495.972M	+8.8%	5.0%	2.0%
ComcastCMCSA	$123.707B	$19.998B	−0.0%	16.7%	16.2%

What the company does

Roblox is an online platform where users create and play games. Most of its revenue comes from selling its in-game currency.

The fiscal year ends around December each year.

Financial statements

Last 5 fiscal years. Currency: US dollars.

Show the table

Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	1.919181B	2.225052B	2.799274B	3.601979B	4.890551B
Cost of revenue	496.87M	547.658M	649.115M	801.162M	1.072299B
Gross profit	1.422311B	1.677394B	2.150159B	2.800817B	3.818252B
R&D expense	533.207M	873.477M	1.253598B	1.444207B	1.567747B
Operating income	−495.098M	−923.784M	−1.259067B	−1.063317B	−1.232342B
Pretax income	−503.8M	−930.589M	−1.158483B	−936.5M	−1.068025B
Net income	−491.651M	−924.366M	−1.151946B	−935.384M	−1.065057B
EPS (diluted)	$-0.97	$-1.55	$-1.87	$-1.44	$-1.54
Operating cash flow	659.109M	369.296M	458.18M	822.316M	1.796358B
Capital expenditures	93.273M	426.163M	320.667M	179.646M	440.978M
Free cash flow (FCF)	565.836M	−56.867M	137.513M	642.67M	1.35538B
Total assets	4.560596B	5.375487B	6.168078B	7.175003B	9.557118B
Total liabilities	3.967673B	5.070452B	6.099452B	6.966349B	9.182138B
Total equity	592.923M	305.035M	68.626M	221.446M	394.484M
Cash and equivalents	3.0043B	2.977474B	678.466M	711.683M	1.205319B
Original filing	10-K	10-K	10-K	10-K	10-K

Source: SEC EDGAR filings for Roblox Corporation · CIK 0001315098 · US-GAAP