Loading…
US online platform where users create, share and play user-generated 3D games and experiences, popular with younger players.
US online platform where users create, share and play user-generated 3D games and experiences, popular with younger players.
Players buy Robux, its virtual currency, and spend it inside experiences built by independent creators, who receive a share of that spending that Roblox converts into cash; Roblox keeps the rest and pays for servers, payments and app-store fees. It recognizes spending gradually over a paying user's typical lifetime, so sales lag bookings.
Moat: narrow (network effects, installed base, brand). Large network of creators and players reinforces itself, though competition for younger gamers' time is intense.
Headquarters: San Mateo, California, US · Founded: 2004 · Employees: 3,065
Size Roblox (RBLX) is a United States Communication Services company (Packaged Software) with a market value of $35.3B, the 324th largest of 3,117 United States companies the cockpit tracks. Shares closed at $49.30 on 6 Nov 2026.
Performance Over six months the shares gained 17.6%, against +8.1% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 6 in its peer set.
Growth Revenue grew 32.1% over the last twelve months (peer median +15.3%); the operating margin is -19.8% (peer median 17.3%).
Valuation It trades at 5.8× enterprise value to sales against a peer median of 3.9× (3rd most expensive of 6).
Price implies For today's price to make sense, revenue must grow about 16% a year for seven years (Req g). Recent delivered growth is +40%, so the hurdle is -24 pp: the price already allows for a slowdown.
Credit Roblox has 1 bond outstanding ($1.00B), rated BBB- by the agencies and trading like BBB- at a weighted spread of 144 bp.
Short interest Short interest is 3.8% of the free float (15 Oct 2026).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $5.90B | $4.89B | $3.60B | $2.80B | $2.23B |
| Revenue growth | — | +36% | +29% | +26% | — |
| Gross profit | $1.61B | $1.16B | $963M | $531M | $364M |
| EBITDA | -$912M | -$1.01B | -$830M | -$1.04B | -$725M |
| Net income | -$972M | -$1.07B | -$935M | -$1.15B | -$924M |
| Free cash flow | $1.57B | $1.36B | $643M | $138M | -$57.0M |
| Capital expenditure | $388M | $443M | $181M | $334M | $428M |
| Total debt | $1.91B | $1.80B | $1.81B | $1.76B | $1.56B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Roblox RBLX | $35.3B | +18% | +32% | -20% | 5.8× | 15.7% |
| Tencent 0700.HK | $482B | -11% | +16% | 32% | 4.4× | 6.4% |
| Microsoft MSFT | $3.94T | +28% | +18% | 47% | 11.6× | 17.2% |
| Unity Software U | $22.7B | +83% | +14% | -14% | 11.3× | 33.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | RBLX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.3% | +4.4% | 2nd highest of 6 |
| 6-month return | +17.6% | +8.1% | 3rd highest of 6 |
| Distance from 52-week high | -54.5% | -13.7% | lowest of 6 |
| Revenue growth (TTM) | +32.1% | +15.3% | highest of 6 |
| Operating margin | -19.8% | 17.3% | lowest of 6 |
| EV / Sales | 5.8× | 3.9× | 3rd most expensive of 6 |
| Growth the price implies (Req g, 7 yrs) | 15.7% | -0.6% | 3rd most demanding of 6 |
| Growth delivered (Del g) | +39.6% | +14.6% | highest of 6 |
| Hurdle (Req g minus delivered) | -23.8 pp | -11.6 pp | least demanding of 6 |
| Bond spread | 144 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Roblox RBLX | United States | $35.3B | +18% | +32% | -20% | 5.8× | 15.7% | +39.6% |
| Take-Two Interactive TTWO | United States | $40.2B | -3% | +15% | -1% | 6.2× | 44.7% | +14.6% |
| Roku ROKU | United States | $23.9B | +24% | +21% | 8% | 3.9× | 39.6% | +21.6% |
| Konami 9766.T | Japan | $23.5B | +45% | +25% | 33% | 5.8× | -1.5% | +12.6% |
| Naver 035420.KS | South Korea | $20.3B | -10% | +15% | 17% | 1.9× | -0.6% | +17.8% |
| NTES 9999.HK | Hong Kong | $81.4B | +8% | +10% | 35% | 3.5× | -3.5% | +8.1% |
Roblox has 1 bond outstanding with $1.00B face value. The agencies rate it BBB-; its bonds trade like BBB-. Weighted yield 6.09%, a spread of 144 bp over government bonds.