Roblox
RBLX on NYSE. Roblox sells access to a platform where users play and create games together. Market value $65.5bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Technology stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $5.10 of spare cash in the past 12 months. A savings account pays about $4.
The filings do not give us enough to work this out.
Each dollar kept in the business earns -153 cents a year. Above 10 is good.
Quality score: 36 of 100. Price score: 28 of 100. Our list needs 70 on quality and 60 on price.
$45.56 a share, 34% above its 1-year low
Over the past year the price has ranged from $33.88 to $141.95.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $1.9bn | $2.2bn | $2.8bn | $3.6bn | $4.9bn |
| Operating margin | |||||
| Operating margin | -25.8% | -41.5% | -45.0% | -29.5% | -25.2% |
| Debt to equity | |||||
| Debt to equity | 2.27 | 4.22 | 16.41 | 5.48 | 3.01 |
| Shares outstanding | |||||
| Shares outstanding | 0.59bn | 0.60bn | 0.63bn | 0.67bn | 0.71bn |
Health checks
- Free cash flow positive4 of 5 years
- Accounting looks honest (Beneish)Nothing unusual
- Financial strength (Piotroski)5 of 9
- Profit backed by cash (accruals)No
- Debt3.01× equity
- Revenue growth, five yearsStrong, 26.3% a year
- Buying back its own sharesNo, 21% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $1.5 billion last quarter, up 36% on a year ago.
- A loss of $183 million, compared with a loss of $278 million a year ago.
- It loses 21 cents on each $1 of sales, compared with 27 cents a year earlier.
- Spare cash over the past 12 months: $1.6 billion, up from $942 million.
- 5% more shares than a year ago. Each share owns a bit less of the company.
- Debt is $18 million more than cash, up from $13 million a year ago.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $919m |
| December 2024 | $988m |
| March 2025 | $1.0bn |
| June 2025 | $1.1bn |
| September 2025 | $1.4bn |
| December 2025 | $1.4bn |
| March 2026 | $1.4bn |
| June 2026 | $1.5bn |
| Quarter to | Amount |
|---|---|
| September 2024 | -$239m |
| December 2024 | -$220m |
| March 2025 | -$215m |
| June 2025 | -$278m |
| September 2025 | -$256m |
| December 2025 | -$316m |
| March 2026 | -$246m |
| June 2026 | -$183m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 11 February 2026
- Next quarterly (estimated, 10-Q)
- 29 October 2026
Who owns it
3 long-term investors we follow own it, unchanged from 3 last quarter. 789 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| ValueAct CapitalMason Morfit | $171m | 3.0% | Cut |
| Gotham Asset ManagementJoel Greenblatt | $12m | <0.1% | Added |
| Select Equity GroupGeorge Loening | $11,202 | <0.1% | Added |
Largest holders overall
- FMR$4.3bnAdded
- BlackRock$2.1bn
- Vanguard Portfolio Management$1.7bnAdded
- Vanguard Capital Management$1.6bnAdded
- Capital World Investors$1.2bn
- Morgan Stanley$1.2bnCut
- Baillie Gifford$1.1bn
- IEQ Capital$901m
- Price T Rowe Associates$893mCut
- Capital International Investors$875mCut
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
5 investors own more than 5%.
- FMR LLCPassive investorat least 11.9%+4.0 pts(filed with 1 related holder)Since 30 June 2026
- David BaszuckiPassive investorat least 7.0%(filed with 3 related holders)Since 30 June 2025
- BlackRock, Inc.Passive investor5.5%Since 30 September 2025
- Vanguard Capital ManagementPassive investor5.2%Since 31 March 2026
- Anthony P. LeePassive investorat least 3.7%(filed with 16 related holders)Since 31 December 2024
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
FMR LLC Passive investor | at least 11.9%+4.0 pts (filed with 1 related holder) | 30 June 2026 | |
David Baszucki Passive investor | at least 7.0% (filed with 3 related holders) | 30 June 2025 | |
BlackRock, Inc. Passive investor | 5.5% | 30 September 2025 | |
Vanguard Capital Management Passive investor | 5.2% | 31 March 2026 | |
Anthony P. Lee Passive investor | at least 3.7% (filed with 16 related holders) | 31 December 2024 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 10 sold $106m, $49m of it under preset trading plans.
- Reinstra MarkChief Legal Off. & Corp. Sec.Soldunder a preset trading plan
- Date
- 5 October 2026
- Shares
- 5,666
- Price
- $44.20
- Value
- $250,422
- Baszucki GregoryDirectorSoldunder a preset trading plan
- Date
- 1 October 2026
- Shares
- 16,666
- Price
- $42.87
- Value
- $714,441
- Reinstra MarkChief Legal Off. & Corp. Sec.Soldunder a preset trading plan
- Date
- 8 September 2026
- Shares
- 5,773
- Price
- $44.80
- Value
- $258,621
- Baszucki GregoryDirectorSoldunder a preset trading plan
- Date
- 1 September 2026
- Shares
- 16,666
- Price
- $40.47
- Value
- $674,444
- Wong Andrea LDirectorSold
- Date
- 31 August 2026
- Shares
- 562
- Price
- $40.89
- Value
- $22,979
- Rawlings Amy MarieChief Accounting OfficerSoldunder a preset trading plan
- Date
- 25 August 2026
- Shares
- 237
- Price
- $38.89
- Value
- $9,217
- BUCKLEY SEAN JACKChief People & Systems OfficerSoldunder a preset trading plan
- Date
- 24 August 2026
- Shares
- 4,321
- Price
- $38.68
- Value
- $167,136
- Kaufman Matthew DChief Safety OfficerSold
- Date
- 20 August 2026
- Shares
- 14,904
- Price
- $37.96
- Value
- $565,761
- BUCKLEY SEAN JACKChief People & Systems OfficerSold
- Date
- 20 August 2026
- Shares
- 5,607
- Price
- $37.97
- Value
- $212,900
- Rawlings Amy MarieChief Accounting OfficerSold
- Date
- 20 August 2026
- Shares
- 5,061
- Price
- $37.97
- Value
- $192,143
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 5 October 2026 | Reinstra Mark Chief Legal Off. & Corp. Sec. | Sold under a preset trading plan | 5,666 | $44.20 | $250,422 |
| 1 October 2026 | Baszucki Gregory Director | Sold under a preset trading plan | 16,666 | $42.87 | $714,441 |
| 8 September 2026 | Reinstra Mark Chief Legal Off. & Corp. Sec. | Sold under a preset trading plan | 5,773 | $44.80 | $258,621 |
| 1 September 2026 | Baszucki Gregory Director | Sold under a preset trading plan | 16,666 | $40.47 | $674,444 |
| 31 August 2026 | Wong Andrea L Director | Sold | 562 | $40.89 | $22,979 |
| 25 August 2026 | Rawlings Amy Marie Chief Accounting Officer | Sold under a preset trading plan | 237 | $38.89 | $9,217 |
| 24 August 2026 | BUCKLEY SEAN JACK Chief People & Systems Officer | Sold under a preset trading plan | 4,321 | $38.68 | $167,136 |
| 20 August 2026 | Kaufman Matthew D Chief Safety Officer | Sold | 14,904 | $37.96 | $565,761 |
| 20 August 2026 | BUCKLEY SEAN JACK Chief People & Systems Officer | Sold | 5,607 | $37.97 | $212,900 |
| 20 August 2026 | Rawlings Amy Marie Chief Accounting Officer | Sold | 5,061 | $37.97 | $192,143 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 11 Feb 2026, plus the 10-Q filed 30 Jul 2026 and 6 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
- It carries a lot of debt: 3.0× its equity.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.