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PARTIAL
Analysis Report
Apr 14, 2026
Partial analysis — no complete end-to-end run on record.
Technology · Electronic Gaming & Multimedia
Price
$47.55
Market Cap
$34.0B
Employees
2,474
Beta
1.44
Avg Volume
11,740,546
CEO
David Baszucki
Business Description
Roblox Corporation oversees the development and operation of a leading digital entertainment ecosystem. Its offerings include Roblox Studio, a complimentary suite of tools empowering developers and artists to construct, launch, and manage interactive 3D environments and various other forms of content. Through the Roblox Client application, users can navigate and immerse themselves in these digital 3D realms. The platform also features Roblox Education, specifically designed for educational pursuits. Furthermore, Roblox Cloud furnishes the fundamental services and infrastructure necessary to support its unique human co-experience platform. With a vast customer base, the company caters to users across the United States, the United Kingdom, Canada, numerous European nations, China, the Asia-Pacific region, and other global markets. Incorporated in 2004, its primary corporate operations are based in San Mateo, California.
Business History
Price Overview
Last updated: Jun 27, 2026 10:09am (just now)$47.55
+1.16 (+2.50%)
Day Range
$44.70 – $47.69
52-Week Range
$40.15 – $150.59
50-Day MA
$48.27
200-Day MA
$79.90
Volume
20,732.00
Analyst Price Targets
Low
$45.00
Consensus
$85.12
High
$141.00
(109 analysts)
Share Structure
Outstanding
715,978,756.00
Float
644,588,504.00
Free Float
90.0%
High free float
— 90.0% of shares trade freely, ~10% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-30.88
Stock Price: $47.55
EPS (Diluted): -1.54
EPS (Diluted): -1.54
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
141.65
Stock Price: $47.55
Total Equity: $394.48M
Shares: 689,612,000
Total Equity: $394.48M
Shares: 689,612,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-40.51
Market Cap: $34.04B
Total Debt: $1.01B
Cash: $1.21B
EBITDA: -$802.18M
Total Debt: $1.01B
Cash: $1.21B
EBITDA: -$802.18M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$56.5B
Market Cap: $34.04B
Total Debt: $1.01B
Cash: $1.21B
Total Debt: $1.01B
Cash: $1.21B
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
11.43
Stock Price: $47.55
Revenue: $4.89B
Shares: 689,612,000
Revenue: $4.89B
Shares: 689,612,000
EV/Sales (Total value vs revenue — works when P/E can't)
API11.55
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
78.1%
Gross Profit: $3.82B
Revenue: $4.89B
Revenue: $4.89B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-25.2%
Operating Income: -$1.23B
Revenue: $4.89B
Revenue: $4.89B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-21.8%
Net Income: -$1.07B
Revenue: $4.89B
Revenue: $4.89B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-276.2%
Net Income: -$1.07B
Total Equity: $394.48M
Total Equity: $394.48M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-28.1%
Operating Income: -$1.23B
Tax Rate: -0.3%
Equity: $394.48M
Total Debt: $1.01B
Cash: $1.21B
Tax Rate: -0.3%
Equity: $394.48M
Total Debt: $1.01B
Cash: $1.21B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.96
Current Assets: $4.90B
Current Liabilities: $5.13B
Current Liabilities: $5.13B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
2.55
Short-Term Debt: $14.70M
Long-Term Debt: $993.10M
Total Debt: $1.01B
Total Equity: $394.48M
Long-Term Debt: $993.10M
Total Debt: $1.01B
Total Equity: $394.48M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$7.09
Revenue: $4.89B
Shares: 689,612,000
Shares: 689,612,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$0.57
Total Equity: $394.48M
Shares: 689,612,000
Shares: 689,612,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$1.96
Operating CF: $1.80B
CapEx: -$443.48M
Shares: 689,612,000
CapEx: -$443.48M
Shares: 689,612,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $47.55
Stock Price: $47.55
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$1.07B
Net Income: -$1.07B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares RBLX against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Last run: Apr 14, 2026 2:47:31 pm
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
Not applicable for Pre Profit Growth companies
4b
Earnings Power Value
— Floor value — worth with zero growth
Not applicable for Pre Profit Growth companies
4c
Anchored PE
— Industry PE adjusted for growth differential
Not applicable for Pre Profit Growth companies
4d
Reverse DCF
— What growth is the market pricing in?
Not applicable for Pre Profit Growth companies
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
Not applicable for Pre Profit Growth companies
4i
Book Value Analysis
— For deep value / turnaround stocks only
Not applicable for Pre Profit Growth companies
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
Run dcf-valuation first
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 26, 2026 3:08am (1d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.9B | $2.2B | $2.8B | $3.6B | $4.9B |
| Cost of Revenue | $496.9M | $547.7M | $649.1M | $801.2M | $1.1B |
| Gross Profit | $1.4B | $1.7B | $2.2B | $2.8B | $3.8B |
| Operating Expenses | $1.9B | $2.6B | $3.4B | $3.9B | $5.1B |
| Operating Income | -$495.1M | -$923.8M | -$1.3B | -$1.1B | -$1.2B |
| Net Income | -$491.7M | -$924.4M | -$1.2B | -$935.4M | -$1.1B |
| EBITDA | -$421.4M | -$761.9M | -$911.0M | -$670.3M | -$802.2M |
| EPS | $-0.97 | $-1.55 | $-1.87 | $-1.44 | $-1.54 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 26, 2026 3:09am (1d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $3.0B | $3.0B | $678.5M | $711.7M | $1.2B |
| Total Current Assets | $3.7B | $3.8B | $3.3B | $3.7B | $4.9B |
| Total Assets | $4.6B | $5.4B | $6.2B | $7.2B | $9.6B |
| Current Liabilities | $2.2B | $2.5B | $3.1B | $3.7B | $5.1B |
| Long-Term Debt | $987.7M | $989.0M | $1.0B | $1.0B | $993.1M |
| Total Liabilities | $4.0B | $5.1B | $6.1B | $7.0B | $9.2B |
| Total Equity | $584.8M | $306.0M | $76.3M | $221.4M | $394.5M |
| Retained Earnings | -$983.9M | -$1.9B | -$3.1B | -$4.0B | -$5.1B |
Cash Flow (Annual)
Last updated: Jun 26, 2026 3:09am (1d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $659.1M | $369.3M | $458.2M | $822.3M | $1.8B |
| Capital Expenditure | -$101.1M | -$427.7M | -$334.2M | -$179.6M | -$443.5M |
| Free Cash Flow | $558.0M | -$58.4M | $124.0M | $642.7M | $1.4B |
| Acquisitions (net) | -$45.7M | -$13.4M | -$3.9M | -$2.8M | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $2.1B | -$26.8M | -$2.3B | $33.2M | $493.6M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 6:57pm (15h ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$8.8B $8.6B – $9.5B
|
$10.5B $10.4B – $10.6B
|
$12.3B $11.9B – $13.4B
|
$13.2B $12.7B – $14.3B
|
| EBITDA |
-$2.2B -$2.4B – -$2.1B
|
-$2.6B -$2.6B – -$2.6B
|
-$3.0B -$3.3B – -$2.9B
|
-$3.3B -$3.5B – -$3.1B
|
| Net Income |
-$879.3M -$1.1B – -$461.9M
|
-$520.7M -$1.4B – $684.3M
|
-$694.3M -$771.6M – -$662.3M
|
-$579.3M -$643.7M – -$552.6M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 26, 2026 3:08am (1d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +15.9% | +25.8% | +28.7% | +35.8% |
| Gross Profit Growth | +17.9% | +28.2% | +30.3% | +36.3% |
| Operating Income Growth | -86.6% | -36.3% | +15.5% | -15.9% |
| Net Income Growth | -88.0% | -24.6% | +18.8% | -13.9% |
| EBITDA Growth | -80.8% | -19.6% | +26.4% | -19.7% |
Insider Trading (Recent)
Last updated: Jun 27, 2026 9:06am (1h ago)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-15 | Rawlings Amy Marie | A-Award | 32,275.00 | $0.00 | $0 |
| 2026-06-08 | Reinstra Mark | S-Sale | 5,978.00 | $41.71 | $249,342 |
| 2026-06-01 | Baszucki Gregory | S-Sale | 5,200.00 | $46.32 | $240,870 |
| 2026-06-01 | Baszucki Gregory | S-Sale | 3,133.00 | $47.14 | $147,700 |
| 2026-06-01 | Baszucki Gregory | S-Sale | 5,200.00 | $46.32 | $240,870 |
| 2026-06-01 | Baszucki Gregory | S-Sale | 3,133.00 | $47.14 | $147,700 |
| 2026-05-28 | Lee Anthony P | A-Award | 5,185.00 | $0.00 | $0 |
| 2026-05-28 | Mastantuono Gina | A-Award | 5,185.00 | $0.00 | $0 |
| 2026-05-27 | Mastantuono Gina | J-Other | 1,126.00 | $0.00 | $0 |
| 2026-05-27 | Mastantuono Gina | J-Other | 1,126.00 | $0.00 | $0 |
| 2026-05-28 | Baszucki Gregory | A-Award | 5,185.00 | $0.00 | $0 |
| 2026-05-27 | Baszucki Gregory | J-Other | 1,126.00 | $0.00 | $0 |
| 2026-05-27 | Baszucki Gregory | J-Other | 1,126.00 | $0.00 | $0 |
| 2026-05-28 | KILAR JASON | A-Award | 5,185.00 | $0.00 | $0 |
| 2026-05-27 | KILAR JASON | J-Other | 1,126.00 | $0.00 | $0 |
| 2026-05-27 | KILAR JASON | J-Other | 1,126.00 | $0.00 | $0 |
| 2026-05-28 | Carvalho Christopher | A-Award | 5,185.00 | $0.00 | $0 |
| 2026-05-28 | Wong Andrea L | A-Award | 5,185.00 | $0.00 | $0 |
| 2026-05-28 | Durkin Dennis M | A-Award | 5,185.00 | $0.00 | $0 |
| 2026-05-26 | Rawlings Amy Marie | S-Sale | 274.00 | $48.00 | $13,152 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for RBLX — it's generated by the pipeline (
market-narrative step).
Roblox is not a traditional growth company driven primarily by revenue expansion — it is a monetization evolution story where ARPU expansion and margin structure, not user growth alone, determine intrinsic value.
Roblox appears slightly undervalued at current levels, but only under a realistic scenario where revenue growth moderates and monetization improves steadily rather than dramatically. The current valuation already prices in meaningful success in user aging and advertising, but not…
Slight Upside
Fair Value: $62.00
Moderate confidence
My Notes
personal — only you see this
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30