Roblox Corp Financials
Roblox Corp (RBLX) reported $4.9B in revenue for fiscal year 2025, up 35.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Roblox is turning high-margin revenue into cash while reinvesting too heavily for GAAP profit to appear.
From FY2023 to FY2025, free cash flow rose from$138M to$1.36B even while the company remained GAAP-loss-making, showing that accounting losses are not a good proxy for cash generation here. That gap matters more because the current ratio slipped below 1.0 in FY2025, so near-term obligations rely more on recurring operating inflows than on working-capital cushion.
The business has a structurally rich gross margin at
The improvement in leverage optics is mostly an equity-base repair story rather than a debt paydown story. Debt-to-equity fell from 13.2x in FY2023 to 2.5x in FY2025, but long-term debt still sat near
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Roblox Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Roblox Corp has an operating margin of -25.2%, meaning the company loses $25 on every $100 of revenue. This results in a profitability score of 31/100. This is up from -29.5% the prior year.
Roblox Corp's revenue surged 35.8% year-over-year to $4.9B, reflecting rapid business expansion. This strong growth earns a score of 90/100.
Roblox Corp has elevated debt relative to equity (D/E of 2.52), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 24/100, reflecting increased financial risk.
Roblox Corp's current ratio of 0.96 is below the typical benchmark, resulting in a score of 17/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Roblox Corp converts 27.7% of revenue into free cash flow ($1.4B). This strong cash generation earns a score of 87/100.
Roblox Corp posts a -272.1% return on equity (ROE), meaning it loses $272 for every $100 of shareholders' equity. This results in a returns score of 32/100. This is up from -424.9% the prior year.
Roblox Corp scores 1.13, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($27.7B) relative to total liabilities ($9.2B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Roblox Corp passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
Roblox Corp reported a net loss of $1.1B while generating $1.8B in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Roblox Corp reported an operating loss of $1.2B against $41.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Roblox Corp generated $4.9B in revenue in fiscal year 2025. This represents an increase of 35.8% from the prior year.
Roblox Corp's EBITDA was -$1.0B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 20.3% from the prior year.
Roblox Corp reported -$1.1B in net income in fiscal year 2025. This represents a decrease of 13.9% from the prior year.
Roblox Corp earned -$1.54 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 6.9% from the prior year.
Cash & Balance Sheet
Roblox Corp generated $1.4B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 110.9% from the prior year.
Roblox Corp held $1.2B in cash against $993.0M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Roblox Corp's gross margin was 78.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.3 percentage points from the prior year.
Roblox Corp's operating margin was -25.2% in fiscal year 2025, reflecting core business profitability. This is up 4.3 percentage points from the prior year.
Roblox Corp's net profit margin was -21.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 4.2 percentage points from the prior year.
Roblox Corp's ROE was -272.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 152.8 percentage points from the prior year.
Capital Allocation
Roblox Corp invested $1.6B in research and development in fiscal year 2025. This represents an increase of 8.6% from the prior year.
Roblox Corp invested $441.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 145.5% from the prior year.
Not reported for fiscal year 2025.
RBLX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.7B | $4.9B+35.8% | $3.6B+28.7% | $2.8B+25.8% | $2.2B+15.9% | $1.9B+107.7% | $923.9M+81.7% | $508.4M |
| Cost of Revenue | $1.2B | $1.1B+33.8% | $801.2M+23.4% | $649.1M+18.5% | $547.7M+10.2% | $496.9M+107.1% | $239.9M+96.0% | $122.4M |
| Gross Profit | $4.5B | $3.8B+36.3% | $2.8B+30.3% | $2.2B+28.2% | $1.7B+17.9% | $1.4B+107.9% | $684.0M+77.2% | $386.0M |
| R&D Expenses | $1.7B | $1.6B+8.6% | $1.4B+15.2% | $1.3B+43.5% | $873.5M+63.8% | $533.2M+164.7% | $201.4M+88.1% | $107.1M |
| SG&A Expenses | $717.1M | $580.1M+42.4% | $407.5M+4.5% | $390.1M+31.2% | $297.3M-1.9% | $303.0M+211.3% | $97.3M+132.1% | $41.9M |
| Operating Income | -$1.2B | -$1.2B-15.9% | -$1.1B+15.5% | -$1.3B-36.3% | -$923.8M-86.6% | -$495.1M-86.0% | -$266.1M-248.2% | -$76.4M |
| Interest Expense | $40.5M | $41.5M+0.7% | $41.2M+1.2% | $40.7M+2.0% | $39.9M+470.2% | $7.0M | $0 | $0 |
| Income Tax | $4.6M | $3.6M-12.7% | $4.1M+806.2% | $454K-87.2% | $3.6M+1210.0% | -$320K+95.2% | -$6.7M-74055.6% | $9K |
| Net Income | -$1.0B | -$1.1B-13.9% | -$941.0M+18.8% | -$1.2B-24.1% | -$934.0M-85.7% | -$503.0M-98.6% | -$253.3M-256.9% | -$71.0M |
| EPS (Diluted) | — | -$1.54-6.9% | -$1.44+23.0% | -$1.87-20.6% | -$1.55-59.8% | -$0.97 | -$1.39-215.9% | -$0.44 |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
RBLX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Total Assets | $9.6B+33.2% | $7.2B+16.3% | $6.2B+14.7% | $5.4B+17.9% | $4.6B+146.8% | $1.8B | N/A |
| Current Assets | $4.9B+31.4% | $3.7B+13.8% | $3.3B-14.7% | $3.8B+2.4% | $3.7B+163.3% | $1.4B | N/A |
| Cash & Equivalents | $1.2B+69.3% | $711.7M+4.9% | $678.5M-77.2% | $3.0B-0.9% | $3.0B+236.1% | $893.9M+196.5% | $301.5M |
| Accounts Receivable | $901.0M+46.5% | $614.8M+21.6% | $505.8M+33.3% | $379.4M+23.4% | $307.3M+24.4% | $247.0M | N/A |
| Goodwill | $143.0M+0.9% | $141.7M-0.3% | $142.1M+5.8% | $134.3M+13.8% | $118.1M+98.2% | $59.6M | N/A |
| Total Liabilities | $9.2B+31.8% | $7.0B+14.2% | $6.1B+20.3% | $5.1B+27.8% | $4.0B+128.6% | $1.7B | N/A |
| Current Liabilities | $5.1B+39.9% | $3.7B+20.0% | $3.1B+23.0% | $2.5B+14.5% | $2.2B+76.4% | $1.2B | N/A |
| Long-Term Debt | $993.0M-1.3% | $1.0B+0.1% | $1.0B+1.6% | $989.0M+0.1% | $987.7M | $0 | N/A |
| Total Equity | $394.0M+77.9% | $221.4M+190.3% | $76.3M-75.1% | $306.0M-47.7% | $584.8M+331.7% | -$252.4M-123.5% | -$112.9M |
| Retained Earnings | -$5.1B-26.7% | -$4.0B-30.6% | -$3.1B-60.4% | -$1.9B-93.9% | -$983.9M-99.9% | -$492.3M | N/A |
Not reported in any period shown, so not listed: Inventory.
RBLX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.1B | $1.8B+118.5% | $822.3M+79.5% | $458.2M+24.1% | $369.3M-44.0% | $659.1M+25.7% | $524.3M+428.6% | $99.2M |
| Capital Expenditures | $456.0M | $441.0M+145.5% | $179.6M-44.0% | $320.7M-24.8% | $426.2M+356.9% | $93.3M-10.4% | $104.2M+25.1% | $83.3M |
| Free Cash Flow | $1.6B | $1.4B+110.9% | $642.7M+367.4% | $137.5M+341.8% | -$56.9M-110.1% | $565.8M+34.7% | $420.2M+2539.2% | $15.9M |
| Investing Cash Flow | -$1.8B | -$1.4B-63.4% | -$852.1M+69.8% | -$2.8B-540.5% | -$441.1M-200.4% | -$146.8M-51.3% | -$97.0M-15.1% | -$84.3M |
| Financing Cash Flow | -$316.5M | $88.5M+34.3% | $65.9M-1.9% | $67.2M+53.9% | $43.6M-97.3% | $1.6B+868.7% | $165.0M+210.6% | $53.1M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
RBLX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 78.1%+0.3pp | 77.8%+0.9pp | 76.8%+1.4pp | 75.4%+1.3pp | 74.1%+0.1pp | 74.0%-1.9pp | 75.9% |
| Operating Margin | -25.2%+4.3pp | -29.5%+15.5pp | -45.0%-3.5pp | -41.5%-15.7pp | -25.8%+3.0pp | -28.8%-13.8pp | -15.0% |
| Net Margin | -21.9%+4.2pp | -26.1%+15.3pp | -41.4%+0.6pp | -42.0%-15.8pp | -26.2%+1.2pp | -27.4%-13.5pp | -14.0% |
| Return on Equity | -272.1%+152.8pp | -424.9%+1094.3pp | -1519.2%-1214.0pp | -305.2%-219.2pp | -86.0% | N/A | N/A |
| Return on Assets | -11.2%+1.9pp | -13.1%+5.7pp | -18.8%-1.4pp | -17.4%-6.4pp | -11.0%+2.7pp | -13.7% | N/A |
| Current Ratio | 0.96-0.1x | 1.02-0.1x | 1.07-0.5x | 1.55-0.2x | 1.73+0.6x | 1.16 | N/A |
| Debt-to-Equity | 2.52-2.0x | 4.54-8.6x | 13.17+9.9x | 3.23+1.5x | 1.69 | N/A | N/A |
| FCF Margin | 27.7%+9.9pp | 17.8%+12.9pp | 4.9%+7.5pp | -2.6%-32.0pp | 29.5%-16.0pp | 45.5%+42.4pp | 3.1% |
Note: The current ratio is below 1.0 (0.96), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where Roblox Corp Ranks
Frequently Asked Questions
What is Roblox Corp's annual revenue?
Roblox Corp (RBLX) reported $4.9B in total revenue for fiscal year 2025. This represents a 35.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Roblox Corp's revenue growing?
Roblox Corp (RBLX) revenue grew by 35.8% year-over-year, from $3.6B to $4.9B in fiscal year 2025.
Is Roblox Corp profitable?
No, Roblox Corp (RBLX) reported a net income of -$1.1B in fiscal year 2025, with a net profit margin of -21.9%.
What is Roblox Corp's EBITDA?
Roblox Corp (RBLX) had EBITDA of -$1.0B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Roblox Corp have?
As of fiscal year 2025, Roblox Corp (RBLX) had $1.2B in cash and equivalents against $993.0M in long-term debt.
What is Roblox Corp's gross margin?
Roblox Corp (RBLX) had a gross margin of 78.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Roblox Corp's operating margin?
Roblox Corp (RBLX) had an operating margin of -25.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Roblox Corp's net profit margin?
Roblox Corp (RBLX) had a net profit margin of -21.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Roblox Corp's return on equity (ROE)?
Roblox Corp (RBLX) has a return on equity of -272.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Roblox Corp's free cash flow?
Roblox Corp (RBLX) generated $1.4B in free cash flow during fiscal year 2025. This represents a 110.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Roblox Corp's operating cash flow?
Roblox Corp (RBLX) generated $1.8B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Roblox Corp's total assets?
Roblox Corp (RBLX) had $9.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Roblox Corp's capital expenditures?
Roblox Corp (RBLX) invested $441.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Roblox Corp spend on research and development?
Roblox Corp (RBLX) invested $1.6B in research and development during fiscal year 2025.
What is Roblox Corp's current ratio?
Roblox Corp (RBLX) had a current ratio of 0.96 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Roblox Corp's debt-to-equity ratio?
Roblox Corp (RBLX) had a debt-to-equity ratio of 2.52 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Roblox Corp's return on assets (ROA)?
Roblox Corp (RBLX) had a return on assets of -11.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Roblox Corp's Altman Z-Score?
Roblox Corp (RBLX) has an Altman Z-Score of 1.13, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Roblox Corp's Piotroski F-Score?
Roblox Corp (RBLX) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Roblox Corp's earnings high quality?
Roblox Corp (RBLX) reported a net loss of $1.1B while generating $1.8B in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Roblox Corp cover its interest payments?
Roblox Corp (RBLX) reported an operating loss of $1.2B against $41.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Roblox Corp?
Roblox Corp (RBLX) scores 47 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.