Roblox Corp Stock Research

Market Summary

USD44.98+1.87

Market Closed

4.34%

RBLX Alerts

9 major insider sales recently.
Big fall in earnings (Y/Y)
Losses in recent quarter

RBLX Stock Price

RBLX RSI Chart

RBLX Valuation

Market Cap

27.2B

Price/Earnings (Trailing)

-29.42

Price/Sales (Trailing)

12.22

EV/EBITDA

-31.84

Price/Free Cashflow

-478.28

RBLX Price/Sales (Trailing)

RBLX Profitability

Operating Margin

75.39%

EBT Margin

-41.82%

Return on Equity

-302.05%

Return on Assets

-17.2%

Free Cashflow Yield

-0.21%

RBLX Fundamentals

RBLX Revenue

Revenue (TTM)

2.2B

Revenue Y/Y

1.8%

Revenue Q/Q

11.84%

RBLX Earnings

Earnings (TTM)

-924.4M

Earnings Y/Y

-102.32%

Earnings Q/Q

2.64%

Price Action

52 Week Range

21.6553.88

(Low)(High)

Last 7 days

3.6%

Last 30 days

20.0%

Last 90 days

58.1%

Trailing 12 Months

-2.7%

RBLX Financial Health

Current Ratio

1.55

Debt/Equity

2.43

Debt/Cashflow

0.37

RBLX Investor Care

Shares Dilution (1Y)

3.21%

Diluted EPS (TTM)

-1.55

Financials for Roblox

Income Statement (Last 12 Months)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	0.5%	2,225,052,000	2,214,817,000	2,206,446,000	2,069,339,000	1,919,181,000
S&GA Expenses	1.7%	117,448,000	115,480,000	102,974,000	95,463,000	86,363,000
R&D Expenses	9.4%	873,477,000	798,640,000	701,334,000	614,325,000	533,207,000
EBITDA	-18.4%	-760,603,000	-642,286,000	-443,983,000	-433,771,000	-421,180,000
EBITDA Margin	-17.9%	-0.34	-0.29	-0.20	-0.21	-0.22
Earnings Before Taxes	-18.0%	-930,589,000	-788,907,000	-565,545,000	-529,443,000	-503,800,000
EBT Margin	-17.4%	-0.42	-0.36	-0.26	-0.26	-0.26
Interest Expenses	8.2%	39,903,000	36,893,000	26,888,000	16,997,000	6,998,000
Net Income	-18.9%	-924,366,000	-777,738,000	-553,942,000	-517,636,000	-491,651,000
Net Income Margin	-18.3%	-0.42	-0.35	-0.25	-0.25	-0.26
Free Cahsflow	-197.4%	-56,867,000	58,400,000	302,815,000	528,146,000	565,836,000

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	6.7%	5,375	5,038	4,919	4,716	4,561
Current Assets	4.6%	3,839	3,668	3,726	3,754	3,750
Cash Equivalents	-1.5%	2,977	3,022	3,075	3,133	3,004
Net PPE	12.6%	592	526	426	339	271
Goodwill	3360.5%	134	4.00	130	12.00	118
Liabilities	9.9%	5,070	4,614	4,368	4,148	3,968
Current Liabilities	10.8%	2,481	2,238	2,264	2,175	2,167
Long Term Debt	-	1,330	-	-	-	-
LT Debt, Non Current	0.0%	989	989	988	988	988
Shareholder's Equity	-27.8%	306	424	552	567	585
Retained Earnings	-17.9%	-1,908	-1,618	-1,320	-1,144	-983
Additional Paid-In Capital	8.5%	2,214	2,041	1,867	1,705	1,569
Accumulated Depreciation	15.0%	229	199	174	154	-
Shares Outstanding	0.7%	605	601	597	592	586
Minority Interest	-213.1%	-0.99	1.00	5.00	6.00	8.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-0.8%	369	372	486	651	659
Share Based Compensation	9.1%	589	540	468	403	342
Cashflow From Investing	-37.2%	-441	-321	-242	-176	-146
Cashflow From Financing	-95.8%	44.00	1,043	1,051	1,058	1,598

Risks for RBLX

What is the probability of a big loss on RBLX?

83.3%

Probability that Roblox stock will be more than 20% underwater in next one year

60.2%

Probability that Roblox stock will be more than 30% underwater in next one year.

59.3%

Probability that Roblox stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does RBLX drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Roblox was unfortunately bought at previous high price.

Drawdowns

Returns for RBLX

Cumulative Returns on RBLX

Which funds bought or sold RBLX recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-23	MetLife Investment Management, LLC	reduced	-0.97	-209,127	769,843	0.01%
2023-03-23	ETF MANAGERS GROUP, LLC	added	74.65	480,115	1,722,120	0.08%
2023-03-17	American Portfolios Advisors	added	4.64	64,751	523,049	0.02%
2023-03-15	B. Riley Wealth Advisors, Inc.	reduced	-19.86	-144,641	251,359	0.01%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	11.68	-592,715	4,641,280	-%
2023-03-10	BAILLIE GIFFORD & CO	added	40.83	88,640,600	837,947,000	0.87%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-31.82	-563,000	664,000	-%
2023-03-02	OLIVER LAGORE VANVALIN INVESTMENT GROUP	sold off	-100	-	-	-%
2023-03-02	LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	new	-	97,447	97,447	-%
2023-02-28	Voya Investment Management LLC	reduced	-59.76	-121,495,000	34,904,700	0.05%

Latest Funds Activity

Are funds buying RBLX calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own RBLX

No. of Funds

Roblox News

Schedule 13G FIlings of Roblox

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	altos ventures iv, l.p.	2.8%	15,501,459	SC 13G/A
Feb 10, 2023	baszucki david	10.4%	63,311,646	SC 13G/A
Feb 09, 2023	vanguard group inc	5.64%	30,995,053	SC 13G
Feb 09, 2023	morgan stanley	6.5%	35,819,697	SC 13G/A
Jan 20, 2023	baillie gifford & co	5.36%	29,442,957	SC 13G
Feb 14, 2022	baszucki david	11.9%	63,687,643	SC 13G
Feb 14, 2022	altos ventures iv, l.p.	3.1%	16,317,319	SC 13G
Feb 10, 2022	morgan stanley	7.5%	39,682,011	SC 13G

RBLX Fair Value

Roblox fair value in different scenarios

The table shows the Fair Value estimates for Roblox for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	0.04 -99.91%	0.59 -98.69%	1.49 -96.69%	2.72 -93.95%	3.97 -91.17%
Current Inflation	- -	0.49 -98.91%	1.28 -97.15%	2.34 -94.80%	3.42 -92.40%
Very High Inflation	- -	0.37 -99.18%	1.03 -97.71%	1.89 -95.80%	2.78 -93.82%

Historical Roblox Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Roblox

View All Filings

Date Filed	Form Type	Document
Mar 30, 2023	4	Insider Trading
Mar 29, 2023	4	Insider Trading
Mar 20, 2023	4	Insider Trading
Mar 20, 2023	4	Insider Trading
Mar 17, 2023	4	Insider Trading
Mar 17, 2023	8-K	Current Report
Mar 17, 2023	S-8	Employee Benefits Plan
Mar 10, 2023	8-K	Current Report
Mar 06, 2023	4	Insider Trading
Mar 06, 2023	4	Insider Trading

Latest Insider Trading transactions for RBLX

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-29	Baszucki Gregory	sold	-356,621	42.791	-8,334	-
2023-03-17	Carvalho Christopher	gifted	-	-	-270,000	-
2023-03-16	Messing Barbara	sold	-514,800	45.00	-11,440	cmktg & people exper officer
2023-03-16	Bronstein Manuel	sold	-240,075	45.00	-5,335	chief product officer
2023-03-15	Donato Craig	sold	-86,100	43.05	-2,000	chief business officer
2023-03-03	Baszucki David	acquired	-	-	1,251,030	president & ceo
2023-03-02	Baszucki David	gifted	-	-	-100,000	president & ceo
2023-03-02	Baszucki David	acquired	41,745	0.0759	550,000	president & ceo
2023-03-02	Baszucki Gregory	sold	-317,770	38.1293	-8,334	-
2023-03-02	Baszucki David	sold	-20,977,900	38.1417	-550,000	president & ceo

About Roblox

David B. Baszucki

corp.roblox.com

Roblox Corporation develops and operates an online entertainment platform. The company offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform. It serves customers in the United States, the United Kingdom, Canada, Europe, China, the Asia-Pacific, and internationally. The company was incorporated in 2004 and is headquartered in San Mateo, California.

RBLX Income Statement

2022-12-31

Consolidated Statements of Operations - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Income Statement [Abstract]

Revenue

$ 2,225,052

$ 1,919,181

$ 923,885

Cost and expenses:

Cost of revenue

^[1]

547,658

496,870

239,898

Developer exchange fees

623,855

538,321

328,740

Infrastructure and trust & safety

689,081

456,498

264,226

Research and development

873,477

533,207

201,433

General and administrative

297,317

303,020

97,341

Sales and marketing

117,448

86,363

58,384

Total cost and expenses

3,148,836

2,414,279

1,190,022

Loss from operations

(923,784)

(495,098)

(266,137)

Interest income

38,842

1,822

Interest expense

(39,903)

(6,998)

Other income/(expense), net

(5,744)

(1,796)

(32)

Loss before income taxes

(930,589)

(503,800)

(264,347)

Provision for/(benefit from) income taxes

3,552

(320)

(6,656)

Consolidated net loss

(934,141)

(503,480)

(257,691)

Net loss attributable to the noncontrolling interest

(9,775)

(11,829)

(4,437)

Net loss attributable to common stockholders

$ (924,366)

$ (491,651)

$ (253,254)

Net loss per share attributable to common stockholders, basic (in dollars per share)

$ (1.55)

$ (0.97)

$ (1.39)

Net loss per share attributable to common stockholders, diluted (in dollars per share)

$ (1.55)

$ (0.97)

$ (1.39)

Weighted-average shares used in computing net loss per share attributable to common stockholders—basic (in shares)

595,559,000

505,858,000

182,108,000

Weighted-average shares used in computing net loss per share attributable to common stockholders—diluted (in shares)

595,559,000

505,858,000

182,108,000

[1]	Depreciation of servers and infrastructure equipment included in infrastructure and trust & safety.

RBLX Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 2,977,474	$ 3,004,300
Accounts receivable—net of allowances	379,353	307,349
Prepaid expenses and other current assets	61,641	32,091
Deferred cost of revenue, current portion	420,136	406,025
Total current assets	3,838,604	3,749,765
Property and equipment—net	592,346	271,352
Operating lease right-of-use assets	526,030	221,285
Deferred cost of revenue, long-term	225,132	137,524
Intangible assets, net	54,717	59,666
Goodwill	134,335	118,071
Other assets	4,323	2,933
Total assets	5,375,487	4,560,596
Current liabilities:
Accounts payable	71,182	64,395
Accrued expenses and other current liabilities	236,006	180,769
Developer exchange liability	231,704	163,906
Deferred revenue—current portion	1,941,943	1,758,022
Total current liabilities	2,480,835	2,167,092
Deferred revenue—net of current portion	1,095,291	616,834
Operating lease liabilities	494,590	194,616
Long-term debt, net	988,984	987,723
Other long-term liabilities	10,752	1,408
Total liabilities	5,070,452	3,967,673
Commitments and contingencies (Note 9)
Stockholders’ equity
Common stock issued, value	59	58
Additional paid-in capital	2,213,603	1,568,638
Accumulated other comprehensive income	671	62
Accumulated deficit	(1,908,307)	(983,941)
Total Roblox Corporation Stockholders’ equity	306,026	584,817
Noncontrolling interests	(991)	8,106
Total Stockholders’ equity	305,035	592,923
Total Liabilities and Stockholders’ equity	$ 5,375,487	$ 4,560,596