RBLX Communication Services

Roblox Corporation

$45.45+5.99%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Communication Services
Industry: Electronic Gaming & Multimedia
Country: United States
Market cap: 32.5B USD
Enterprise value: 33.4B USD
Full-time employees: 3,065

Overall health

Strength: growing faster than most peersgrowing faster than peers
Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.47 vs a peer median of 0.65), less short-term liquidity (current ratio 0.82 vs a peer median of 1.38) and more debt relative to equity (6.64× vs a peer median of 0.37×)higher risk: bigger price swings (beta 1.47 vs peers 0.65), less liquidity (current ratio 0.82 vs peers 1.38) and more debt vs equity (6.64× vs peers 0.37×)

Ranks #396 of 454 communication services companies (bottom 13%)

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 18% from December 2022 to June 2026.
Roblox had 18% more shares at June 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Roblox had 18% more shares at June 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Much more borrowing than peers. Debt is 6.6× equity vs a peer median of 0.4×.Debt is 6.6× equity vs peers 0.4×.
Debt is 6.6× shareholders' equity, against a peer median of 0.4×, among the highest 10% of its peer group.Debt is 6.6× shareholders' equity, vs peers 0.4×, among the highest 10% of its peer group.
Stock-based pay is a large cost. Stock pay was 23% of revenue in 2025.
Roblox paid employees $1.1B in stock in 2025, 23% of its $4.9B revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.
Growing fast, still losing money. Revenue grew faster than 95% of peers, at an operating loss.
Revenue grew faster than 95% of peers, but the business runs at an operating loss (margin -21%).

StockQuotient Score

28/ 100

Oct 5 28 → Nov 4 28

Valuation

Is the price right?

17/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-3.1%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.00Sector median: 0.0294 · MAD: 0.0294

EBITDA yield-3.1%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -1.32Sector median: 0.0857 · MAD: 0.0649

Free cash flow yield5.1%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -0.39Sector median: 0.0740 · MAD: 0.0593

Other data (not scored)

Book yield0.5%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.4780 · MAD: 0.3375

Growth

Is it growing?

89/100

Strong

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 7.3%

Why

Stronger than most peers on:

▲ 3-yr revenue
▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

The loss per share widened33% base weight · Z-score -1.22Sector median: 0.0878 · MAD: 0.3126

3-year revenue growth32.7%

SEC filings · 3 years to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score 4.31Sector median: 0.0303 · MAD: 0.0683

Revenue growth41.3%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score 4.66Sector median: 0.0299 · MAD: 0.0720

Profitability

Does it earn well?

3/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

Operating margin rose 3.3 points to -20.7%

Why

Weaker than most peers on:

▼ ROA
▼ ROIC
▼ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-20.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -3.66Sector median: 0.0818 · MAD: 0.0789

Return on assets-10.3%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.61Sector median: 0.0272 · MAD: 0.0318

Return on invested capital-547.6%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -5.34Sector median: 0.0598 · MAD: 0.0706

Other data (not scored)

Gross margin78.9%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.4656 · MAD: 0.1827

Return on equity-663.2%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0529 · MAD: 0.1007

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Debt / equity
▼ Beta
▼ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.47

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -2.85Sector median: 0.6525 · MAD: 0.2880

Current ratio0.82×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.81Sector median: 1.3848 · MAD: 0.6948

Debt / equity6.64×

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentile33% base weight · Z-score -13.85Sector median: 0.3697 · MAD: 0.3335

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Roblox

Is Roblox getting weaker?: Its latest SEC filing (Jul 30, 2026) got stronger: operating margin rose 3.3 points to -20.7%. Its overall score is unchanged at 28/100 since Oct 28, 2026.
How is Roblox valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 17/100 against 512 communication services peers. Earnings yield -3.1% vs a peer median of 2.9% (weaker than 100% of peers).Earnings yield -3.1% vs peers 2.9% (weaker than 100% of peers).
Is Roblox growing?: Yes, faster than most of its peers. Growth scores 89/100 against 512 communication services peers. 3-year revenue growth 32.7% vs a peer median of 3.0% (stronger than 95% of peers).3-year revenue growth 32.7% vs peers 3.0% (stronger than 95% of peers).
How profitable is Roblox?: Less profitable than most of its peers. Profitability scores 3/100 against 512 communication services peers. Return on assets -10.3% vs a peer median of 2.7% (weaker than 100% of peers).Return on assets -10.3% vs peers 2.7% (weaker than 100% of peers).
How risky is Roblox?: Higher risk relative to 512 communication services peers, judged on debt, liquidity and share-price swings. Debt / equity 6.64× vs a peer median of 0.37× (weaker than 100% of peers).Debt / equity 6.64× vs peers 0.37× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Jul 30, 2026 · compared with the quarter ended Mar 31, 2026

Got stronger

Operating margin rose 3.3 points to -20.7%

Worth watching: Roblox is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	5.3B USD	5.7B USD	+7.3%
Net income (12 months)	−1.1B USD	−1.0B USD	−8.6%
Operating margin	-24.0%	-20.7%	+3.3 pts
Free cash flow (12 months)	1.5B USD	1.6B USD	+7.9%
Debt	1.0B USD	1.0B USD	+0.1%
Cash	1.2B USD	991.0M USD	−16.6%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Communication Services · 67 companies

Valuations in Communication Services are within their usual range since 2016.

46% of months since 2016 were valued lower than now.
22% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +13% and earnings +11% (medians): earnings grew faster than prices.
Median price-to-sales is −6% vs the whole market, against a usual −7%.

2016Shaded: most expensive fifth of its range2026

Shown for Communication Services: too few Electronic Gaming & Multimedia companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	74.1%	75.4%	76.8%	77.8%	78.1%	▲ 0.3 pts
Operating margin	-25.8%	-41.5%	-45.0%	-29.5%	-25.2%	▲ 4.3 pts
Net margin	-25.6%	-41.5%	-41.2%	-26.0%	-21.8%	▲ 4.2 pts
Return on assets (ROA)	-10.8%	-17.2%	-18.7%	-13.0%	-11.1%	▲ 1.9 pts
Return on equity (ROE)	-84.1%	-302.1%	—	-422.4%	-270.0%	▲ 152 pts
Free cash flow margin	29.5%	-2.6%	4.9%	17.8%	27.7%	▲ 9.9 pts
Current ratio	1.73×	1.55×	1.07×	1.02×	0.96×	▼ 6.1%
Debt to equity	2.27×	4.22×	—	5.48×	3.01×	▼ 45%
Interest coverage	-70.75×	-23.15×	-30.93×	-25.82×	-29.73×	▼ 15%

RBLX price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: growing faster than most peersgrowing faster than peers

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.47 vs a peer median of 0.65), less short-term liquidity (current ratio 0.82 vs a peer median of 1.38) and more debt relative to equity (6.64× vs a peer median of 0.37×)higher risk: bigger price swings (beta 1.47 vs peers 0.65), less liquidity (current ratio 0.82 vs peers 1.38) and more debt vs equity (6.64× vs peers 0.37×)

Ranks #396 of 454 communication services companies (bottom 13%)

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 18% from December 2022 to June 2026.

Roblox had 18% more shares at June 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Roblox had 18% more shares at June 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.

Much more borrowing than peers. Debt is 6.6× equity vs a peer median of 0.4×.Debt is 6.6× equity vs peers 0.4×.

Debt is 6.6× shareholders' equity, against a peer median of 0.4×, among the highest 10% of its peer group.Debt is 6.6× shareholders' equity, vs peers 0.4×, among the highest 10% of its peer group.

Stock-based pay is a large cost. Stock pay was 23% of revenue in 2025.

Roblox paid employees $1.1B in stock in 2025, 23% of its $4.9B revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.

Growing fast, still losing money. Revenue grew faster than 95% of peers, at an operating loss.

Revenue grew faster than 95% of peers, but the business runs at an operating loss (margin -21%).

Questions investors ask about Roblox

Is Roblox getting weaker?

Its latest SEC filing (Jul 30, 2026) got stronger: operating margin rose 3.3 points to -20.7%. Its overall score is unchanged at 28/100 since Oct 28, 2026.

How is Roblox valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 17/100 against 512 communication services peers. Earnings yield -3.1% vs a peer median of 2.9% (weaker than 100% of peers).Earnings yield -3.1% vs peers 2.9% (weaker than 100% of peers).

Is Roblox growing?

Yes, faster than most of its peers. Growth scores 89/100 against 512 communication services peers. 3-year revenue growth 32.7% vs a peer median of 3.0% (stronger than 95% of peers).3-year revenue growth 32.7% vs peers 3.0% (stronger than 95% of peers).

How profitable is Roblox?

Less profitable than most of its peers. Profitability scores 3/100 against 512 communication services peers. Return on assets -10.3% vs a peer median of 2.7% (weaker than 100% of peers).Return on assets -10.3% vs peers 2.7% (weaker than 100% of peers).

How risky is Roblox?

Higher risk relative to 512 communication services peers, judged on debt, liquidity and share-price swings. Debt / equity 6.64× vs a peer median of 0.37× (weaker than 100% of peers).Debt / equity 6.64× vs peers 0.37× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

5.3B USD

5.7B USD

+7.3%

Net income (12 months)

−1.1B USD

−1.0B USD

−8.6%

Operating margin

-24.0%

-20.7%

+3.3 pts

Free cash flow (12 months)

1.5B USD

1.6B USD

+7.9%

Debt

1.0B USD

1.0B USD

+0.1%

Cash

1.2B USD

991.0M USD

−16.6%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

74.1%

75.4%

76.8%

77.8%

78.1%

▲ 0.3 pts

Operating margin

-25.8%

-41.5%

-45.0%

-29.5%

-25.2%

▲ 4.3 pts

Net margin

-25.6%

-41.5%

-41.2%

-26.0%

-21.8%

▲ 4.2 pts

Return on assets (ROA)

-10.8%

-17.2%

-18.7%

-13.0%

-11.1%

▲ 1.9 pts

Return on equity (ROE)

-84.1%

-302.1%

—

-422.4%

-270.0%

▲ 152 pts

Free cash flow margin

29.5%

-2.6%

4.9%

17.8%

27.7%

▲ 9.9 pts

Current ratio

1.73×

1.55×

1.07×

1.02×

0.96×

▼ 6.1%

Debt to equity

2.27×

4.22×

—

5.48×

3.01×

▼ 45%

Interest coverage

-70.75×

-23.15×

-30.93×

-25.82×

-29.73×

▼ 15%