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Roblox Corporation RBLX

Roblox Corporation scores good on business quality (6.1 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$48.09Oct 9, 2026
Business qualityGood
Next earningsOct 29, 2026
Insiders, 90 daysSelling

Why it matters

  1. What Roblox Corporation does

    Roblox operates an online platform where users build and play immersive 3D experiences. It monetizes through sales of its virtual currency, Robux, paid by players to developers and creators. The platform is scaling its infrastructure and expanding developer tools to push deeper into older demographics and virtual commerce.

  2. What it does best

    Roblox dominates user-generated immersive gaming, producing a gross margin of 79% that crushes Take-Two's 57%. Its two-sided developer ecosystem creates intense network effects, locking in millions of creators who cannot easily abandon the platform's massive player base.

  3. The main risk

    Jefferies warns that recent stock rallies are overly optimistic given persistent net losses. With net income sitting at negative $1.0B, continued spending on developer exchange fees threatens to keep bottom-line profitability elusive.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityWeak

Operating margins sit at negative 21% while FCF margin ranks in the 88th sector percentile. Heavy developer payouts weigh on near-term margins, meaning profitability lags far behind revenue scale.

MoatStrong

A powerful ecosystem moat locks in developers and young consumers, backed by a gross margin ranking in the top decile of its sector at the 90th percentile. Network effects prevent rivals from replicating the creator base quickly.

GrowthFast

Revenue grew 36% to $5.7B, accelerating sharply from prior years as historical annual revenue more than doubled since 2022, fueled by rapid user engagement expansion.

Financial healthWeak

Debt-to-equity of 2.6 and negative interest coverage of 29x highlight a fragile balance sheet, though $3.1B in cash and $1.6B in free cash flow provide a strong cushion. Getting softer on debt service costs.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

7 sold $4.3M outside pre-planned sales.

Our sealed record on RBLX

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is RBLX a good business?

Roblox Corporation scores good on the Cluenex quality check (6.1 of 10), measured against its own industry. Profitability is weak, moat strong, growth fast and financial health weak.

Are insiders buying RBLX?

In the last 90 days of SEC Form 4 filings: 7 sold $4.3M outside pre-planned sales.

When does RBLX report earnings?

Oct 29, 2026.

For members

See RBLX today

  • Today's verdict on RBLX, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “Roblox Corporation (RBLX)”, https://cluenex.com/stocks/rblx/, data as of Oct 10, 2026.