Roblox CorporationRBLX
NYSE•Communication Services•Electronic Gaming & Multimedia
Roblox Corporation operates an immersive platform for connection and communication in the United States and internationally. It offers Roblox Client, an application that allows users to explore immersive experience; Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate immersive experiences and other content; and Roblox Cloud, which provides services and infrastructure that power the platform. Roblox Corporation was incorporated in 2004 and is headquartered in San Mateo, California.
Roblox Corporation (RBLX) reported trailing twelve months revenue of $5.30B as of March 2026, a 38.1% increase year-over-year. Quarterly revenue reached $1.44B, reflecting continued top-line momentum.
Roblox Corporation reported a TTM net loss of $1.10B, with quarterly EBITDA of $-233.00M. The operating margin expanded from -24.6% to -20.4%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (-20.4%) and net margin (-17.1%) indicates tight cost control with minimal non-operating drag. Net margin has improved from -20.8% a year ago, signaling stronger bottom-line efficiency.
RBLX trades at a P/S of 7.0x. The price-to-book ratio of 89.9x indicates a significant premium over book value.
The company generated $596.00M in free cash flow over the trailing twelve months, a 39.7% increase year-over-year, indicating strong cash generation ability. The balance sheet shows $9.83B in total assets with $1.01B in long-term debt against $411.00M in stockholders equity for a debt-to-equity ratio of 2.5, a relatively leveraged position. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are under pressure, averaging -25.5%. The business may lack pricing power or face rising costs.'
ROE is low or negative, suggesting limited competitive advantage or capital allocation challenges.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (7 of 7 quarters up), with ~67.7% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
The company posted negative operating margins in recent quarters — core operations are unprofitable.
FCF consistently trails net income (avg -1.2x) — earnings may be inflated by non-cash items or aggressive accounting.
D/E ratio of 2.5 is elevated. Monitor for further debt accumulation.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares outstanding increased 10.7% — significant dilution, likely from stock compensation or capital raises.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation