|RBLX Overview
RBLX

Roblox Corp

Technology • CIK: 0001315098

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Market Cap
$94.01B
P/E (TTM)
-96.9x
Rev Growth (TTM)
+32.7%
Net Margin (TTM)
-21.7%
FCF Yield (TTM)
1.2%
FCF Margin (TTM)
26.2%

LATEST EARNINGS

Q4 2025
22 days ago
View source
Revenue
$1.42B
+43.2%
Net Income
$-318.11M
-43.9%
EPS
$-0.45
-36.4%
Operating
-25.3% -0.6%
Net
-22.5% -0.1%
  • Fiscal year 2025 revenue grew 36% year-over-year to $4.9 billion, exceeding annual guidance.
  • Fourth quarter revenue increased 43% year-over-year to $1.4 billion, and bookings grew 63% year-over-year to $2.2 billion.
  • Average Daily Active Users (DAUs) grew 69% year-over-year to 144 million in Q4 2025.
  • Hours Engaged grew 88% year-over-year to 35 billion in Q4 2025.

Cash Flow Health

Free Cash Flow8/8 positive
TTM$1.2B
Q3 '25
$444M+151%
Q2 '25
$177M-59%
FCF Margin
TTM26.2%
Q3 '2532.6%+100%
Sector: 14.5%Top 25%
OCF Margin30.8%
OCF/NI-1.42x
CapEx Coverage6.7x
FCF Yield1.2%
FCF Growth (2Y)+171%
Cash Conversion Cycle
21 days
DSO: 42+DIO: 0DPO: 21

Capital Allocation & Returns

Total Shareholder Yield
TTM0.0%
Div Yield0.0%

Insufficient data

Dividend & Payout Metrics
Dividend Yield (TTM)0.0%
Free Cash Flow (TTM)$1.2B
Capital Return / FCF0.0%
Est. Dividends Paid (TTM)$0
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
-78.6%
Moderate
-0.1% YoY-15.5%
P25MedianP75
25th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
-25.2%
8Q: -28.3%
Asset Turnover
0.59x
8Q: 0.56x
Leverage (1+D/E)
3.47x
D/E: 2.47x
DuPont: -51.8%-78.6% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
7.00x
8Q:5.82x
+378.0%
Invested Cap Turn
3.12x
8Q:2.54x
+217.7%
CapEx Intensity
14.4%
8Q:9.7%
CapEx/Depreciation
0.96x
Depreciation Rate Trend
⚠ Declining -2.1%
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023
Revenue
$4.5B
$1.4B25.8%
$1.1B4.4%
$1.0B4.8%
$988.2M7.5%
$919.0M2.8%
$893.5M11.5%
$801.3M6.8%
$749.9M
Operating Income
$-1.1B
$-296.5M8.0%
$-322.5M26.6%
$-254.7M4.3%
$-244.1M12.5%
$-278.9M17.2%
$-237.9M21.3%
$-302.3M14.9%
$-355.2M
Net Income
$-968.6M
$-255.6M8.2%
$-278.4M29.4%
$-215.1M2.1%
$-219.6M8.3%
$-239.3M16.2%
$-205.9M23.9%
$-270.6M16.4%
$-323.7M
Operating Cash Flow
$1.4B
$546.2M174.1%
$199.3M55.1%
$443.9M140.6%
$184.5M25.4%
$247.4M63.4%
$151.4M36.6%
$238.9M66.7%
$143.3M
Free Cash Flow
$1.2B
$443.6M151.1%
$176.7M58.6%
$426.5M253.6%
$120.6M44.7%
$218.0M95.1%
$111.7M41.9%
$192.3M146.2%
$78.1M
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
-96.9x
Volatile
8Q: -147.5x-25812%
Valuation Lenses
Earnings
-96.9x
vs sector
Cash Flow
44.5x
EV/FCF vs
Growth-Adj
PEG
N/A
Quality-Adj
P/E per %ROIC
ROIC: -78.6%
Shareholder Returns
Dividend
Buyback
Total Yield
Market Cap$94.01B
EV
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
-394/100
Below Average

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Top 10%
-3.3%
8Q:
Return on Invested Capital (ROIC)Below Avg
-78.6%
8Q:
-15.5%
vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: -25.2%
Asset Turnover: 0.59x

Earnings Quality

Cash Conversion

-1.42x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin78.1%

Capital Efficiency

Invested Capital Turnover3.12x

Working Capital

Cash Conversion Cycle21 days

Growth Quality & Momentum

Quality Growth
Growth Quality Score
80/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
32.7%
OpInc Growth YoY
-6.3%
EPS Growth YoY
12.8%
FCF 3Y CAGR
171.4%

Growth Quality Analysis

Efficient Growth: Free cash flow growing faster than revenue
Sustainability Index: 8.5/10 - Highly sustainable growth

Margin Quality & Sustainability

Moderate
Profitability Cascade
Gross
78.1%
Operating
-25.0%
Below Avg in sector
Net
-21.7%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
+47.9 pts
FCF: 26.2% | Net: -21.7%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Fortress
Net Debt / EBITDA
Net Cash
(0.0x)Net Cash: $1.85B
Interest Coverage
+Net cash position: $1.85B
Leverage Metrics
Debt-to-Equity
2.47x
Balance sheet risk & solvency analysis