10-KPeriod: FY2025

Roblox Corp Annual Report, Year Ended Dec 31, 2025

Filed February 11, 2026For Securities:RBLX

Summary

Roblox Corporation's 2025 10-K filing reveals continued strong growth, with revenue increasing by 36% year-over-year to $4.89 billion. The platform reported 127 million average Daily Active Users (DAUs) and a significant increase in daily unique paying users, up to 1.8 million. Bookings also saw substantial growth, reaching $6.79 billion. Despite these positive top-line results, the company continues to operate at a net loss, with a consolidated net loss of $1.07 billion for the year. This loss is attributed to significant investments in platform development, trust and safety initiatives, and personnel, including substantial stock-based compensation expenses. The company is focusing on expanding its platform's appeal to older audiences, harnessing AI for content creation and safety, and reinforcing its commitment to safety and civility. Roblox continues to navigate a complex global regulatory environment, particularly concerning data privacy and online safety for minors, which may impact operations and increase compliance costs. The company maintains a strong liquidity position with $5.5 billion in cash, cash equivalents, and investments as of December 31, 2025.

Financial Highlights

54 data points
Beta

Revenue

$4.89B

78.1% Gross Margin

Net Income

-$1.07B

-21.9% Net Margin

EPS (Diluted)

$-1.54

Total Assets

$9.56B

Cash & Equivalents

$1.21B

Free Cash Flow

$1.36B

Financial Statements
Beta
Revenue$4.89B
Cost of Revenue$1.07B
Gross Profit$3.82B
R&D Expenses$1.57B
Operating Expenses$6.12B
Operating Income-$1.23B
Net Income-$1.07B
EPS (Basic)$-1.54
EPS (Diluted)$-1.54
Shares Outstanding (Basic)689.61M
Shares Outstanding (Diluted)689.61M

Key Highlights

  • 1Revenue grew 36% year-over-year to $4.89 billion for the year ended December 31, 2025.
  • 2Average Daily Active Users (DAUs) reached 127 million, with daily unique paying users increasing to 1.8 million.
  • 3Bookings surged by 55% to $6.79 billion, indicating strong user spending and platform engagement.
  • 4Despite revenue growth, the company reported a consolidated net loss of $1.07 billion, reflecting ongoing investments in technology and operations.
  • 5Developer exchange fees increased by 63% to $1.50 billion, demonstrating increased payouts to creators.
  • 6The company maintains a robust liquidity position with $5.5 billion in cash, cash equivalents, and investments.
  • 7Roblox is actively investing in AI integration for content creation and safety improvements.

Frequently Asked Questions

In fiscal year 2025, Roblox reported a 36% increase in revenue, reaching $4.89 billion. Bookings also saw significant growth, rising by 55% to $6.79 billion. The company's user base expanded to an average of 127 million Daily Active Users (DAUs). Despite this growth, Roblox continued to incur a net loss of $1.07 billion, driven by substantial investments in its platform, R&D, and safety initiatives.

Roblox significantly increased its investment in its creator community, with developer exchange fees rising 63% to $1.50 billion. This increase was driven by overall platform growth, the introduction of differential Robux pricing, the launch of the Creator Rewards Program, and an 8.5% increase in fiat currency payouts for earned Robux. These actions aim to incentivize creators and foster a healthier creator economy.

Roblox's future growth strategies include expanding its platform's appeal to older audiences through new game genres and mechanics, leveraging Artificial Intelligence (AI) to accelerate content creation and enhance platform safety, prioritizing safety and civility as a competitive advantage, and continuing to optimize its user and creator flywheel. The company also aims to increase its market share within the global gaming content market.

Roblox faces several risks, including increasing regulatory scrutiny worldwide, particularly concerning online safety for minors, which could lead to higher compliance costs and operational changes. Other risks include competition from global tech and entertainment companies, potential cybersecurity threats, the need to continuously attract and retain users and creators, and the potential for negative publicity or legal liabilities related to user-generated content and platform safety.