Roblox
RBLX · NYSEServices-Prepackaged Software · Fiscal year ends Dec 31
Roblox reported revenue of $4.9B in the fiscal year ended Dec 2025, up 35.8% from the year before. Operating income was −$1.2B, an operating margin of −25.2%, and net income was −$1.1B. Operating cash flow of $1.8B less capital expenditure of $441M left free cash flow of $1.4B. It held more cash than debt (net cash $197M).
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $1.9B | $2.2B | $2.8B | $3.6B | $4.9B |
| Cost of revenue | $497M | $548M | $649M | $801M | $1.1B |
| Gross profit | $1.4B | $1.7B | $2.2B | $2.8B | $3.8B |
| Research & development | $533M | $873M | $1.3B | $1.4B | $1.6B |
| Operating income | −$495M | −$924M | −$1.3B | −$1.1B | −$1.2B |
| Interest expense | $7M | $40M | $41M | $41M | $41M |
| Pre-tax income | −$504M | −$931M | −$1.2B | −$937M | −$1.1B |
| Income tax | −$320,000 | $4M | $454,000 | $4M | $4M |
| Net income | −$492M | −$924M | −$1.2B | −$935M | −$1.1B |
| Diluted EPS | −0.97 | −1.55 | −1.87 | −1.44 | −1.54 |
| Diluted shares | 506M | 596M | 616M | 647M | 690M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $3B | $3B | $678M | $712M | $1.2B |
| Receivables | $307M | $379M | $506M | $615M | $901M |
| Current assets | $3.7B | $3.8B | $3.3B | $3.7B | $4.9B |
| Net PP&E | $271M | $592M | $695M | $660M | $885M |
| Goodwill | $118M | $134M | $142M | $142M | $143M |
| Total assets | $4.6B | $5.4B | $6.2B | $7.2B | $9.6B |
| Payables | $64M | $71M | $60M | $43M | $65M |
| Deferred revenue | $1.8B | $1.9B | $2.4B | $3B | $4.2B |
| Current liabilities | $2.2B | $2.5B | $3.1B | $3.7B | $5.1B |
| Short-term debt | – | – | – | $0 | $15M |
| Long-term debt | $988M | $989M | $1B | $1B | $993M |
| Total liabilities | $4B | $5.1B | $6.1B | $7B | $9.2B |
| Shareholders' equity | $585M | $306M | $76M | $221M | $394M |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $659M | $369M | $458M | $822M | $1.8B |
| Capital expenditure | $93M | $426M | $321M | $180M | $441M |
| Free cash flow | $566M | −$57M | $138M | $643M | $1.4B |
| Depreciation & amortisation | $76M | $130M | $208M | $226M | $226M |
| Stock-based compensation | $342M | $589M | $868M | $1B | $1.1B |
| Acquisitions | $46M | $13M | $4M | $3M | $0 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 15.9% | 25.8% | 28.7% | 35.8% |
| Gross margin | 74.1% | 75.4% | 76.8% | 77.8% | 78.1% |
| Operating margin | −25.8% | −41.5% | −45.0% | −29.5% | −25.2% |
| Net margin | −25.6% | −41.5% | −41.2% | −26.0% | −21.8% |
| Return on equityBlank when equity is negative | −84.1% | −302.1% | −1510.0% | −422.4% | −270.3% |
| ROCEEBIT ÷ (assets − current liabilities) | −20.7% | −31.9% | −40.4% | −30.3% | −27.8% |
| Free cash flow margin | 29.5% | −2.6% | 4.9% | 17.8% | 27.7% |
| Cash conversion (CFO ÷ net income) | −1.34x | −0.40x | −0.40x | −0.88x | −1.69x |
| Receivable days | 58 | 62 | 66 | 62 | 67 |
| Payable days | 47 | 47 | 34 | 20 | 22 |
| Interest cover | −70.7x | −23.2x | −30.9x | −25.8x | −29.7x |
| Debt ÷ equity | 1.69x | 3.23x | 13.2x | 4.54x | 2.56x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | −$2B | −$2B | $327M | $295M | −$197M |
| Current ratio | 1.73x | 1.55x | 1.07x | 1.02x | 0.96x |
Recent filings
More in Services-Prepackaged Software
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.