Roblox operates a global gaming and creation platform where independent developers build experiences and virtual content. It earns substantially all revenue from virtual items purchased using Robux and reports one consolidated operating segment.
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A snapshot of what Roblox Corp owns and owes at a point in time.
Read the company’s balance sheet in the original annual reports below.
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3 reports in this collection
| Report period | Filed with SEC | Form | Source |
|---|---|---|---|
| Dec 31, 20230001315098-24-000026 | Feb 21, 2024 | 10-K | Open 10-Ksec.gov |
| Dec 31, 20240001315098-25-000033 | Feb 18, 2025 | 10-K | Open 10-Ksec.gov |
| Dec 31, 20250001315098-26-000024 | Feb 11, 2026 | 10-K | Open 10-Ksec.gov |
Dates describe the filing metadata. Figures and reporting periods should be checked against the original statement. SEC links open in a new tab.
Roblox’s expanding creator ecosystem generates substantial upfront cash, but sustained GAAP profitability remains unproven. In 2025, bookings reached $6.788 billion and operating cash flow reached $1.796 billion, while consolidated net loss widened to $1.072 billion as creator compensation, infrastructure and other expenses increased. Developments after the February 11, 2026 annual filing show a more difficult growth environment: second-quarter bookings grew 8%, versus 36% revenue growth, because revenue still reflected earlier sales. Management attributed weaker monetization to changing game preferences and recommendation changes, alongside safety-related friction. Liquidity supports investment and discretionary repurchases, but substantial commitments, dilution and unresolved youth-safety litigation remain material. The latest supplied outlook, dated July 30, projected declining third-quarter bookings and replaced annual guidance with quarterly-only guidance; these forecasts are not subsequent results.
Sources: 10-K · 2025-12-31 · 10-Q · 2026-06-30 · EX-99.1 · 2026-07-30
Roblox combines a largely free consumer application, Roblox Studio creation tools and cloud infrastructure. Independent creators supply nearly all experiences and content; Roblox provides distribution, discovery, hosting, payments and safety systems. Advertising and licensing remain insignificant rather than established earnings engines. Revenue is recorded gross, with payment-processing fees and creator earnings reported separately. Revenue less cost of revenue therefore does not represent the platform’s fully loaded margin.
Users generally pay upfront, but most revenue is recognized later. Bookings, a company-defined non-GAAP sales measure, better reflects current sales activity than recognized revenue, although it is neither profit nor cash flow. Durable-item revenue is recognized over an estimated paying-user lifetime of 27 months; consumables are recognized when consumed. Creator expenses and many operating costs arise sooner, separating sales growth, accounting earnings and cash generation.
Sources: 10-K · 2025-12-31 · 10-Q · 2026-06-30
For the year ended December 31, 2025, revenue was $4.891 billion and bookings were $6.788 billion. Roblox averaged 127 million daily active accounts and 123.9 billion engagement hours. Management identified more daily paying accounts as the main bookings-growth driver. Yet operating loss widened to $1.232 billion, and Adjusted EBITDA fell to $124.756 million from $180.188 million. Creator compensation increased faster than bookings, while infrastructure, legal and marketing costs also rose. The operating-loss margin improved as revenue expanded, but the dollar loss increased.
Sources: 10-K · 2025-12-31
Operating cash flow reached $1.796 billion in 2025 despite a $1.072 billion consolidated loss. Advance collections increased deferred revenue, while $1.129 billion of stock-based compensation was added back as a noncash expense. Company-defined free cash flow was $1.353 billion after property, equipment and acquired-intangible spending. In the first half of 2026, operating cash flow was $947 million and free cash flow $890 million, supported materially by collection of earlier receivables. Neither measure establishes profitability or deducts every capital-allocation use.
Sources: 10-K · 2025-12-31 · 10-Q · 2026-06-30
At June 30, 2026, Roblox held $991 million of cash, $2.023 billion of short-term investments and $3.070 billion of long-term investments—not $6.084 billion of cash. Its $1 billion senior notes mature in May 2030, and reported covenant compliance does not establish additional borrowing availability. Under the discretionary $3 billion repurchase program announced May 19, Roblox repurchased and retired shares worth $380 million during the quarter: $375 million settled in cash and $5 million remained accrued. Period-end shares nevertheless increased from December as employee and acquisition-related issuance exceeded repurchases.
Sources: 8-K · 2026-05-13 · 10-Q · 2026-06-30
Second-quarter 2026 revenue rose 36% to $1.469 billion, while bookings rose 8% to $1.557 billion. Daily active accounts and engagement hours fell sequentially. Management attributed weaker hourly monetization to users moving away from highly monetizing viral games, recommendation changes favoring longer retention and discontinued cross-experience game-pass sales. Mandatory age checks also slowed growth. Russia’s June reinstatement partly relieved an earlier access restriction. Expected benefits from improved retention and safer communication had not been demonstrated as a complete financial offset.
On July 30, management switched to quarterly-only guidance and did not issue full-year guidance. Its third-quarter outlook paired revenue growth of 4%–10% with a bookings decline of 18%–14%, illustrating the lag from strong 2025 sales. It also projected continuing losses and free cash flow between negative $60 million and positive $5 million. Revenue guidance assumed no material changes in revenue-recognition estimates, including the consumable/durable allocation and estimated average paying-user lifetime. Consolidated net-loss guidance excluded loss-contingency accruals because estimates of future probability and/or loss ranges were uncertain based on facts and circumstances as of July 30, 2026. These were forecasts, not third-quarter results. April’s annual ranges should not be treated as reaffirmed.
Sources: 10-Q · 2026-06-30 · EX-99.1 · 2026-07-30
Roblox depends on successful creators, a relatively small paying-account population, distribution platforms and reliable infrastructure. Child-safety regulation can restrict communication, purchases and market access as well as increase expense. First-half 2026 state-safety settlement accruals totaled $91 million, but excluded some implementation commitments and conditional exposures; they are not a ceiling on ultimate costs. Pending allegations are not findings of liability. Founder-controlled supervoting shares, continuing equity compensation and uncertain viral-game durability add governance and economic risks.
Sources: 10-K · 2025-12-31 · 10-Q · 2026-06-30
USD 4.890551 bn
FY2025 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD 4.890551 bn | 35.8% |
| 2024 | USD 3.601979 bn | 28.7% |
| 2023 | USD 2.799274 bn | — |
Consolidated revenue recognized under U.S. GAAP, gross of payment-processor and creator fees and net of applicable transaction taxes, refunds and chargebacks.
Sources: 10-K · 2025-12-31
USD -1.071618 bn
FY2025 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD -1.071618 bn | Loss widened |
| 2024 | USD -940.614 m | Loss narrowed |
| 2023 | USD -1.158937 bn | — |
Net income or loss after income taxes, including loss attributable to noncontrolling interests; losses are negative.
Sources: 10-K · 2025-12-31
USD 1.796358 bn
FY2025 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD 1.796358 bn | 118.5% |
| 2024 | USD 822.316 m | 79.5% |
| 2023 | USD 458.18 m | — |
GAAP net cash and cash equivalents provided by operating activities, including working-capital movements.
Sources: 10-K · 2025-12-31
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