RBLX Class A Roblox Corporation Class A Common Stock
NYSE · Media · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Jul 30, 2026RBLX Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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About Roblox Corporation Class A Common Stock Company overview from Wikipedia
The Roblox Corporation ( , ROH-bloks) is an American video game developer based in San Mateo, California. Founded in 2004 by David Baszucki and Erik Cassel, the company is the developer of Roblox, a game platform, which was released in 2006. As of December 31, 2024, the company employs over 2,400 people.
History
Roblox Corporation was founded by David Baszucki and Erik Cassel. Baszucki had previously founded Knowledge Revolution, an educational software company, in 1989. With him and Cassel, the company developed Interactive Physics, a 2D physics simulation released in the same year. Knowledge Revolution followed this up with Working Model, a software that simulated mechanical devices. The company was eventually purchased in December 1998 for US$20 million by MSC Software, where Baszucki and Cassel obtained senior positions. Baszucki was the company's vice president and general manager from 2000 until 2002, when he left MSC Software to establish Baszucki & Associates, an angel investment firm. He and Cassel founded Roblox Corporation in 2004. Working from an office in Menlo Park, California, they began preliminary work on the video game DynaBlocks, which was launched in a beta state later that year. The game's name was changed to Roblox in 2005, and the game was formally released on September 1, 2006.
Cassel died from cancer on February 11, 2013. In December 2013, Roblox Corporation had 68 employees, which it raised to 163 by December 2016. The company secured an $82 million investment in March 2017 through a round of funding led by Meritech Capital Partners and Index Ventures. Eyeing international expansion, Roblox Corporation established Roblox International and hired Chris Misner as its president in May 2018. Under Misner, Roblox was launched in Chinese (in partnership with Tencent), German, and French in 2019. By September 2018, Roblox Corporation had hired Dan Williams (previously of Dropbox) to move Roblox from a third-party cloud computing service to a proprietary one. In October 2018, the company acquired PacketZoom, a developer of mobile network optimization software. PacketZoom, including its employees, founder, and chief technology officer Chetan Ahuja, was merged into Roblox Corporation.
A "series G" funding round in February 2020, led by Andreessen Horowitz, raised $150 million for Roblox Corporation and valued the company at $4 billion. By October 2020, Roblox Corporation had begun planning to become a public company, evaluating whether to perform a regular initial public offering (IPO) or use the less common method of a direct listing. Later that month, the company filed with the United States Securities and Exchange Commission (SEC) to prepare an IPO worth $1 billion, looking to be listed on the New York Stock Exchange (NYSE) with the ticker symbol "RBLX". By this time, the company had more than 830 full-time employees and 1,700 "trust and safety agents". The company acquired Loom.ai, a company that creates 3D avatars from photographs, in December 2020. In January 2021, Roblox Corporation announced that it would pursue a direct listing instead of an IPO. The SEC had also requested that Roblox Corporation change how it reports the sales of its virtual currency, Robux. In the same month, Altimeter Capital and Dragoneer Investment Group led a "series H" round of funding that valued the company at $29.5 billion. The NYSE approved the direct listing of Roblox Corporation's class A shares by February 2021. The shares began trading on March 10 that year, with the initial buys giving the company an estimated $41.9 billion valuation. In August 2021, Roblox Corporation acquired the online communication platforms Bash Video and Guilded, paying $90 million in cash and stock for the latter.
In March 2023, Roblox and Guidewire Software agreed to switch office buildings under sublease agreements, with Roblox moving to the former Guidewire building at Bay Meadows, with 180,000 ft2 (17,000 m2) of office space, and Guidewire moving to the former 80,000 ft2 (7,400 m2) Roblox building near the Franklin Templeton campus. In July 2023, Roblox Corporation rolled out a "Roblox Partner Program" with seven initial developers partnered to create playable Roblox experiences for brands interested in advertising through Roblox's platform as a medium.
In August 2023, Roblox unveiled plans to create an in-game career center, where players can turn up for events, podcasts, and conversations with actual employees. A month later, Roblox laid off 30 employees in its talent acquisition, citing a slowdown in hiring.
Reception
Accolades
Roblox Corporation has been ranked on Pocket Gamer.biz's top lists of mobile game developers, placing sixth in 2018, eighth in 2019, and sixth in 2020. Fortune featured it as one of the best small and medium-sized workplaces in the San Francisco Bay Area, placing it sixteenth in 2019 and fortieth in 2021. In 2016 and 2017, Inc. ranked Roblox Corporation on its "Inc. 5000" list of fastest-growing private companies in the United States. In 2020, Fast Company regarded it as the ninth-most innovative company in the world, as well as the most innovative in the gaming sector.
Criticism
On August 19, 2021, the YouTube channel People Make Games released the results of their investigation into the Roblox Corporation. In their video report, they allege the company exploits young video game developers by taking an outsized share (75.5%) of the revenue made from games on their platform. In a discussion with Axios, Roblox chief product officer (CPO) Manuel Bronstein responded by saying that Roblox intends to give more money to its community developers.
After the report's publication, Roblox asked People Make Games to retract the video. Instead, they released a follow-up video report which further outlined several child safety issues they felt were present in Roblox.
Legal disputes
In June 2016, Cinemark Theatres filed a lawsuit against Roblox Corporation over trademark infringement. The plaintiff cited several user-created games within Roblox that recreated Cinemark locations, including the trademarked branding.
In February 2018, YouTuber Kerstin Hoffmann, known as Keisyo, claimed that Roblox Corporation owed her $150,000 because the company had stopped her from converting her 42 million Robux balance into real-world money for no given reason. In response, Roblox Corporation stated that she could not transfer her Robux because she had earned them through "fraudulent activities".
In May 2021, an unnamed litigant filed a class-action lawsuit against Roblox Corporation, accusing the company of ripping off players with bogus purchases. Stating "The company's decision to sell first and 'moderate' later has obvious monetary benefit for Roblox, by the time defendant has deleted items from the Avatar Shop and users' inventories, it has already taken its 30% commission from the sale." Roblox Corporation said that they review all content submitted by developers through a multi-step review process before it appears on the platform. In May 2023, Roblox agreed to settle the suit for $10 million, in the form of a Robux refund to any users who bought an item before May 11, 2023.
In June 2021, the National Music Publishers' Association filed a lawsuit against Roblox Corporation for $200 million, accusing the company of infringing copyright laws. The complaint states, "Roblox actively preys on its impressionable user base and their desire for popular music, teaching children that pirating music is perfectly acceptable." Roblox Corporation responded to the lawsuit by contending that they "do not tolerate copyright infringement" and expressing an intent to contest the lawsuit.
On September 27, 2021, Roblox and NMPA announced they had reached an agreement that "settles claims filed by NMPA members [and] offers an industry-wide opt-in open to all eligible NMPA publishers," settling the lawsuit.
In November 2021, Roblox Corporation filed a $1.65 million lawsuit against YouTuber Benjamin Robert Simon, also known online as Ruben Sim. The complaint states a breach of contract, "cyber-bullying and harassing Roblox employees and executives" and "posting false and misleading terrorist threats" during the Roblox Developer Conference 2021 which led to it being temporarily shut down. On January 16, 2022, the lawsuit was settled by both parties which required Simon to pay $150,000 to Roblox Corporation. With the lawsuit settled, Simon is permanently banned from accessing Roblox. Due to it being resolved out of court, a legal precedent for other users who may evade IP bans or violate a game's terms of service was not established.
In October 2022, a lawsuit was filed by a parent in the San Francisco Superior Court. The lawsuit alleges that Roblox connected their daughter with online predators, who sexually exploited her, coercing her to send sexually explicit photos to them on Discord and Snapchat, who were also named in the lawsuit.
In August 2023, a class-action lawsuit was brought against Roblox Corporation. The lawsuit alleges that Roblox profited off minors when they bought Robux to participate in third-party gambling rings, violating the RICO act.
Schlep controversy and lawsuit
In August 2025, Roblox Corporation issued a cease-and-desist letter to YouTuber Schlep, prominent for conducting sting operations against alleged online predators via the platform. Roblox Corporation's letter stated that the activities of Schlep and other vigilante streamers were a violation of the platform's terms of service, and created an unsafe environment for users. Concurrent with the legal notice, Roblox terminated all accounts associated with Schlep and his group, and IP-banned him from the platform. This has also prompted multiple Roblox-affiliated content creators of the Roblox Video Stars Program to leave as protest. Following the controversy, Roblox Corporation's stock price fell by over 11%, reflecting investor concerns. Schlep later announced that he is planning to countersue Roblox.
The company's actions were met with major backlash from many online communities who viewed Schlep's actions as necessary for community policing. The situation escalated significantly days later and included calls for the CEO to resign and a petition by U.S. representative Ro Khanna. Shortly after, Indonesia said that it began considering blocking Roblox in their country, and Qatar fully blocked Roblox. On August 14, Louisiana Attorney General Liz Murrill filed a child protection lawsuit against Roblox Corporation. The suit alleged that by actively shutting down independent efforts to expose potential dangers on its platform, Roblox was failing in its duty to protect underage users from harm. Roblox responded to the lawsuit on August 15.
Lobbying and political influence
In 2025, Roblox was among donors who funded the White House's East Wing demolition and planned building of a ballroom.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | RBLX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | -31.15Y avg ≈-48.4 | ≈-48.4 | · | · | |
| P/S (TTM) | 5.55Y avg ≈14.4 | ≈14.4 | 2.1 | Overvalued | |
| P/B (MRQ) | 207.35Y avg ≈171.5 | ≈171.5 | 3.5 | Overvalued | |
| EV / EBITDA | -23.75Y avg ≈-47.3 | ≈-47.3 | · | · | |
| Price / FCF (TTM) | 19.25Y avg ≈23.3 | ≈23.3 | · | · | |
| Price / Cash Flow (TTM) | 15.05Y avg ≈56.0 | ≈56.0 | · | · | |
| EV / Revenue (TTM) | 5.25Y avg ≈13.8 | ≈13.8 | · | · | |
| EV / FCF (TTM) | 17.95Y avg ≈27.1 | ≈27.1 | · | · | |
| Price / Tangible Book (MRQ) | 238.75Y avg ≈346.7 | ≈346.7 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | RBLX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | -20.7%5Y avg ≈-33.4% | ≈-33.4% | -14.6% | In line | |
| EBITDA Margin | -25.2%5Y avg ≈-33.4% | ≈-33.4% | -14.5% | In line | |
| Pretax Margin (TTM) | -17.7%5Y avg ≈-31.5% | ≈-31.5% | -12.5% | In line | |
| Net Profit Margin (TTM) | -17.6%5Y avg ≈-31.2% | ≈-31.2% | -7.3% | Below avg | |
| ROA (TTM) | -11.4%5Y avg ≈-16.1% | ≈-16.1% | -19.2% | Top tier | |
| ROE (TTM) | -396.1%5Y avg ≈-416.0% | ≈-416.0% | -17.4% | Weak | |
| ROIC | -88.2%5Y avg ≈-78.9% | ≈-78.9% | -2.6% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | RBLX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 6.65Y avg ≈5.0 | ≈5.0 | 0.7 | High debt | |
| Current Ratio (MRQ) | 0.85Y avg ≈1.3 | ≈1.3 | 1.0 | Low liquidity | |
| Quick Ratio (MRQ) | 0.65Y avg ≈1.1 | ≈1.1 | 0.9 | Low liquidity | |
| Long-Term Debt / Equity (MRQ) | 6.65Y avg ≈5.0 | ≈5.0 | 0.0 | High debt |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | RBLX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 35.8%5Y avg ≈42.8% | ≈42.8% | · | · | |
| Revenue CAGR 3Y | 30.0%5Y avg ≈32.7% | ≈32.7% | · | · | |
| Revenue CAGR 5Y | 39.6% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | RBLX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.65Y avg ≈0.5 | ≈0.5 | 0.9 | Weak | |
| Receivables Turnover | 6.55Y avg ≈6.5 | ≈6.5 | 17.5 | Weak | |
| Revenue / Employee | ≈$1.6M | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 29, 2026 | $-0.26 | $-0.35 | 25.9% |
| March 31, 2026 | $-0.27 | $-0.42 | 35.3% | |
| Dec. 31, 2025 | $-0.45 | $-0.49 | 7.9% | |
| Sept. 30, 2025 | $-0.37 | $-0.50 | 26.3% | |
| June 30, 2025 | $-0.41 | $-0.38 | -9.2% | |
| March 31, 2025 | $-0.32 | $-0.41 | 21.5% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.89B | $3.60B | $2.80B | $2.23B | $1.92B | $924M | $508M | |
| Cost of Revenue | $1.07B | $801M | $649M | $548M | $497M | $240M | $122M | |
| R&D Expense | $1.57B | $1.44B | $1.25B | $873M | $533M | $201M | $107M | |
| SG&A Expense | $580M | $408M | $390M | $297M | $303M | $97M | $42M | |
| Operating Expenses | $6.12B | $4.67B | $4.06B | $3.15B | $2.41B | $1.19B | $585M | |
| Operating Income | $-1.23B | $-1.06B | $-1.26B | $-924M | $-495M | $-266M | $-76M | |
| Interest Expense | · | · | $41M | $40M | $7M | $0 | $0 | |
| Interest Income | $202M | $180M | $142M | $39M | $92.0K | · | · | |
| Pretax Income | $-1.07B | $-936M | $-1.16B | $-931M | $-504M | $-264M | $-71M | |
| Income Tax | $4M | $4M | $454.0K | $4M | $-320.0K | $-7M | $9.0K | |
| Net Income | $-1.07B | $-935M | $-1.15B | $-924M | $-492M | $-253M | $-71M | |
| EPS (Basic) | $-1.54 | $-1.44 | $-1.87 | $-1.55 | $-0.97 | $-1.39 | $-0.44 | |
| EPS (Diluted) | $-1.54 | $-1.44 | $-1.87 | $-1.55 | $-0.97 | $-1.39 | $-0.44 | |
| Shares (Basic) | 689,612,000 | 647,482,000 | 616,445,000 | 595,559,000 | 505,858,000 | 182,108,000 | 163,051,000 | |
| Shares (Diluted) | 689,612,000 | 647,482,000 | 616,445,000 | 595,559,000 | 505,858,000 | 182,108,000 | 163,051,000 | |
| EBITDA | $-1.23B | $-1.06B | $-1.26B | $-924M | $-495M | · | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.21B | $712M | $678M | $2.98B | $3.00B | $894M | $301M | |
| Short-term Investments | $1.85B | $1.70B | $1.51B | $0 | · | · | · | |
| Receivables | $901M | $615M | $506M | $379M | $307M | $247M | · | |
| Prepaid Expense | $109M | $75M | $75M | $62M | $32M | $26M | · | |
| Other Current Assets | $11M | $8M | $11M | $10M | $4M | $9M | · | |
| Current Assets | $4.90B | $3.73B | $3.28B | $3.84B | $3.75B | $1.42B | · | |
| PP&E (Net) | $885M | $660M | $695M | $592M | $271M | $206M | · | |
| PP&E (Gross) | $1.57B | $1.25B | $1.14B | $859M | $425M | $296M | · | |
| Accum. Depreciation | $684M | $587M | $443M | $267M | $154M | $90M | · | |
| Goodwill | $143M | $142M | $142M | $134M | $118M | $60M | · | |
| Intangibles | $18M | $34M | $53M | $55M | $60M | $42M | · | |
| Other Non-current Assets | $21M | $14M | $10M | $4M | $3M | $2M | · | |
| Total Assets | $9.56B | $7.18B | $6.17B | $5.38B | $4.56B | $1.85B | · | |
| Accounts Payable | $65M | $43M | $60M | $71M | $64M | $12M | · | |
| Accrued Liabilities | $396M | $276M | $271M | $236M | $181M | $65M | · | |
| Short-term Debt | $15M | $0 | · | · | · | · | · | |
| Current Liabilities | $5.13B | $3.66B | $3.05B | $2.48B | $2.17B | $1.23B | · | |
| Capital Leases | $643M | $670M | $647M | $495M | $195M | $0 | · | |
| Other Non-current Liabilities | · | · | · | · | · | $22M | · | |
| Total Liabilities | $9.18B | $6.97B | $6.10B | $5.07B | $3.97B | $1.74B | · | |
| Long-term Debt | $1.17B | $1.21B | $1.25B | $1.29B | $1.33B | · | · | |
| Total Debt | $1.01B | $1.01B | $1.00B | $989M | $988M | · | · | |
| Common Stock | $0 | $62.0K | $61.0K | $59.0K | $58.0K | $20.0K | · | |
| Retained Earnings | $-5.06B | $-4.00B | $-3.06B | $-1.91B | $-984M | $-492M | · | |
| AOCI | $17M | $-4M | $2M | $671.0K | $62.0K | $90.0K | · | |
| Stockholders' Equity | $394M | $221M | $76M | $306M | $585M | $-252M | · | |
| Liabilities + Equity | $9.56B | $7.18B | $6.17B | $5.38B | $4.56B | $1.85B | · | |
| Shares Outstanding | 708,359,000 | 666,419,000 | 631,221,000 | 604,674,000 | 585,878,000 | 201,327,000 | · |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| D&A | $226M | $226M | $208M | $130M | $76M | $44M | $28M | |
| Stock-based Comp | $1.13B | $1.02B | $868M | $589M | $342M | $79M | $18M | |
| Deferred Tax | $-1M | $-584.0K | $-96.0K | $-579.0K | $-998.0K | $-7M | $0 | |
| Amort. of Intangibles | $18M | $19M | $19M | $16M | $11M | $1M | $0 | |
| Operating Cash Flow | $1.80B | $822M | $458M | $369M | $659M | $524M | $99M | |
| CapEx | $441M | $180M | $321M | $426M | $93M | $104M | $83M | |
| Investing Cash Flow | $-1.39B | $-852M | $-2.83B | $-441M | $-147M | $-97M | $-84M | |
| Debt Issued | · | · | · | $0 | $990M | $0 | $0 | |
| Net Debt Issued | · | · | · | $0 | $990M | · | · | |
| Stock Issued | $89M | $70M | $53M | $46M | $76M | $15M | $3M | |
| Net Stock Activity | $89M | $70M | $53M | $46M | $76M | · | · | |
| Financing Cash Flow | $89M | $66M | $67M | $44M | $1.60B | $165M | $53M | |
| Net Change in Cash | $494M | $33M | $-2.30B | $-27M | $2.11B | $592M | $68M | |
| Taxes Paid | $3M | $1M | $3M | · | · | · | · | |
| Free Cash Flow | $1.36B | $643M | $138M | $-57M | $566M | · | · | |
| Levered FCF | · | · | $97M | $-97M | $559M | · | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -25.2% | -29.5% | -45.0% | -41.5% | -25.8% | · | · | |
| Net Margin | -21.8% | -26.0% | -41.1% | -41.5% | -25.6% | · | · | |
| Pretax Margin | -21.8% | -26.0% | -41.4% | -41.8% | -26.2% | · | · | |
| EBITDA Margin | -25.2% | -29.5% | -45.0% | -41.5% | -25.8% | · | · | |
| ROA | -12.7% | -14.0% | -20.0% | -18.6% | -15.3% | · | · | |
| ROE | -345.8% | -628.3% | -602.6% | -207.5% | -295.8% | · | · | |
| ROIC | -88.2% | -87.0% | -116.5% | -71.6% | -31.5% | · | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.0 | 1.0 | 1.1 | 1.5 | 1.7 | · | · | |
| Quick Ratio | 0.8 | 0.8 | 0.9 | 1.4 | 1.5 | · | · | |
| Debt / Equity | 2.6 | 4.5 | 13.2 | 3.2 | 1.7 | · | · | |
| LT Debt / Equity | 2.5 | 4.5 | 13.2 | 3.2 | 1.7 | · | · | |
| Interest Coverage | · | · | -30.9 | -23.2 | -70.7 | · | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.6 | 0.5 | 0.5 | 0.4 | 0.6 | · | · | |
| Receivables Turnover | 6.5 | 6.4 | 6.3 | 6.5 | 6.9 | · | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $0.56 | $0.33 | $0.12 | $0.51 | $1.00 | · | · | |
| Revenue / Share | $7.09 | $5.56 | $4.54 | $3.74 | $3.79 | · | · | |
| Cash Flow / Share | $2.60 | $1.27 | $0.74 | $0.62 | $1.30 | · | · | |
| Cash / Share | $1.70 | $1.07 | $1.07 | $4.92 | $5.13 | · | · | |
| EPS (TTM) | $-1.54 | $-1.44 | $-1.87 | $-1.55 | $-0.97 | · | · |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 35.8% | 28.7% | 25.8% | 15.9% | 107.7% | · | · | |
| Revenue CAGR 3Y | 30.0% | 23.4% | 44.7% | · | · | · | · | |
| Revenue CAGR 5Y | 39.6% | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $4.89B | $3.60B | $2.80B | $2.23B | $1.92B | · | · | |
| Net Income TTM | $-1.07B | $-935M | $-1.15B | $-924M | $-492M | · | · | |
| Market Cap | $57.40B | $38.56B | $28.86B | $17.21B | $60.44B | · | · | |
| Enterprise Value | $55.35B | $37.16B | $27.67B | $15.22B | $58.42B | · | · | |
| P/E | -52.6 | -40.2 | -24.4 | -18.4 | -106.4 | · | · | |
| P/S | 11.7 | 10.7 | 10.3 | 7.7 | 31.5 | · | · | |
| P/B | 145.5 | 174.1 | 378.3 | 56.2 | 103.3 | · | · | |
| P / Tangible Book | 245.7 | 845.5 | · | 147.1 | 148.5 | · | · | |
| P / Cash Flow | 32.0 | 46.9 | 63.0 | 46.6 | 91.7 | · | · | |
| P / FCF | 42.3 | 60.0 | 209.9 | -302.6 | 106.8 | · | · | |
| EV / EBITDA | -44.9 | -34.9 | -22.0 | -16.5 | -118.0 | · | · | |
| EV / FCF | 40.8 | 57.8 | 201.2 | -267.7 | 103.3 | · | · | |
| EV / Revenue | 11.3 | 10.3 | 9.9 | 6.8 | 30.4 | · | · | |
| Earnings Yield | -1.9% | -2.5% | -4.1% | -5.5% | -0.94% | · | · |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.47B | $1.44B | $1.42B | $1.36B | $1.08B | $1.03B | $988M | $919M | $894M | $801M | $750M | $713M | $681M | $655M | $579M | $518M | |
| Cost of Revenue | $292M | $294M | $315M | $296M | $236M | $225M | $219M | $205M | $199M | $179M | $172M | $164M | $162M | $152M | $142M | $126M | |
| R&D Expense | $420M | $422M | $410M | $398M | $385M | $374M | $355M | $365M | $362M | $362M | $341M | $322M | $315M | $276M | $248M | $236M | |
| SG&A Expense | $199M | $209M | $164M | $145M | $152M | $119M | $105M | $99M | $106M | $98M | $99M | $98M | $96M | $98M | $80M | $81M | |
| Operating Expenses | $1.70B | $1.74B | $1.77B | $1.66B | $1.40B | $1.29B | $1.23B | $1.20B | $1.13B | $1.10B | $1.11B | $1.01B | $995M | $945M | $881M | $818M | |
| Operating Income | $-229M | $-294M | $-359M | $-297M | $-322M | $-255M | $-244M | $-279M | $-238M | $-302M | $-355M | $-300M | $-314M | $-290M | $-302M | $-300M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $10M | · | $10M | $10M | $10M | · | $10M | |
| Interest Income | $59M | $55M | $54M | $52M | $49M | $46M | $46M | $47M | $44M | $42M | $40M | $36M | $35M | $31M | $22M | $13M | |
| Pretax Income | $-183M | $-247M | $-317M | $-257M | $-279M | $-215M | $-218M | $-240M | $-207M | $-271M | $-325M | $-278M | $-286M | $-269M | $-288M | $-302M | |
| Income Tax | $2M | $1M | $954.0K | $803.0K | $1M | $1M | $3M | $303.0K | $110.0K | $1M | $277.0K | $682.0K | $-1M | $731.0K | $3M | $352.0K | |
| Net Income | $-183M | $-246M | $-316M | $-256M | $-278M | $-215M | $-220M | $-239M | $-206M | $-271M | $-324M | $-277M | $-283M | $-268M | $-290M | $-298M | |
| EPS (Basic) | $-0.26 | $-0.35 | $-0.44 | $-0.37 | $-0.41 | $-0.32 | $-0.32 | $-0.37 | $-0.32 | $-0.43 | $-0.52 | $-0.45 | $-0.46 | $-0.44 | $-0.48 | $-0.50 | |
| EPS (Diluted) | $-0.26 | $-0.35 | $-0.44 | $-0.37 | $-0.41 | $-0.32 | $-0.32 | $-0.37 | $-0.32 | $-0.43 | $-0.52 | $-0.45 | $-0.46 | $-0.44 | $-0.48 | $-0.50 | |
| Shares (Basic) | 716,767,000 | 711,697,000 | · | 697,282,000 | 684,837,000 | 671,657,000 | · | 650,961,000 | 642,814,000 | 635,020,000 | · | 619,350,000 | 612,689,000 | 606,637,000 | · | 597,779,000 | |
| Shares (Diluted) | 716,767,000 | 711,697,000 | · | 697,282,000 | 684,837,000 | 671,657,000 | · | 650,961,000 | 642,814,000 | 635,020,000 | · | 619,350,000 | 612,689,000 | 606,637,000 | · | 597,779,000 | |
| EBITDA | $-229M | $-294M | · | $-297M | $-322M | $-255M | · | $-279M | $-238M | $-302M | · | $-300M | $-314M | $-290M | · | $-300M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $991M | $1.19B | $1.21B | $1.02B | $995M | $1.16B | $712M | $603M | $966M | $866M | · | $580M | $520M | $828M | · | $3.02B | |
| Short-term Investments | $2.02B | $2.01B | $1.85B | $1.84B | $1.63B | $1.59B | $1.70B | $1.72B | $1.45B | $1.54B | · | $1.58B | $1.60B | $1.41B | · | · | |
| Receivables | $498M | $538M | $901M | $634M | $524M | $404M | $615M | $386M | $346M | $332M | · | $285M | $257M | $265M | · | $186M | |
| Prepaid Expense | $139M | $138M | $109M | $96M | $101M | $89M | $75M | $71M | $87M | $89M | · | $65M | $69M | $76M | · | $73M | |
| Other Current Assets | $8M | $13M | $11M | $13M | $12M | $7M | $8M | $7M | $8M | $12M | · | $11M | $9M | $20M | · | $13M | |
| Current Assets | $4.53B | $4.74B | $4.90B | $4.35B | $3.95B | $3.89B | $3.73B | $3.37B | $3.40B | $3.36B | · | $2.97B | $2.89B | $3.02B | · | $3.67B | |
| PP&E (Net) | $823M | $849M | $885M | $677M | $614M | $617M | $660M | $643M | $675M | $691M | · | $709M | $685M | $688M | · | $526M | |
| PP&E (Gross) | $1.61B | $1.59B | $1.57B | $1.32B | $1.21B | $1.24B | $1.25B | $1.23B | $1.21B | $1.18B | · | $1.11B | $1.04B | $997M | · | $755M | |
| Accum. Depreciation | $790M | $740M | $684M | $646M | $599M | $623M | $587M | $587M | $534M | $491M | · | $402M | $356M | $308M | · | $229M | |
| Goodwill | $163M | $142M | $143M | $143M | $143M | $142M | $142M | $142M | $142M | $142M | $142M | $142M | $134M | $134M | $134M | $130M | |
| Intangibles | $20M | $17M | $18M | $23M | $26M | $30M | $34M | $38M | $43M | $48M | · | $57M | $59M | $51M | · | $54M | |
| Other Non-current Assets | $25M | $26M | $22M | $20M | $21M | $19M | $14M | $15M | $17M | $10M | · | $11M | $11M | $6M | · | $2M | |
| Total Assets | $9.74B | $9.83B | $9.56B | $8.59B | $7.85B | $7.45B | $7.18B | $6.69B | $6.47B | $6.31B | · | $5.75B | $5.60B | $5.47B | · | $5.04B | |
| Accounts Payable | $24M | $24M | $65M | $89M | $62M | $53M | $43M | $43M | $39M | $49M | · | $87M | $73M | $120M | · | $45M | |
| Accrued Liabilities | $479M | $435M | $396M | $341M | $317M | $277M | $276M | $274M | $270M | $274M | · | $260M | $216M | $248M | · | $274M | |
| Short-term Debt | $0 | $0 | $15M | $15M | $15M | · | $0 | · | · | · | · | · | · | · | · | · | |
| Current Liabilities | $5.52B | $5.31B | $5.13B | $4.53B | $4.06B | $3.82B | $3.66B | $3.44B | $3.30B | $3.13B | · | $2.80B | $2.63B | $2.63B | · | $2.24B | |
| Capital Leases | $669M | $625M | $643M | $618M | $641M | $667M | $670M | $620M | $706M | $694M | · | $630M | $642M | $467M | · | $426M | |
| Total Liabilities | $9.62B | $9.42B | $9.18B | $8.20B | $7.51B | $7.16B | $6.97B | $6.51B | $6.36B | $6.25B | · | $5.63B | $5.44B | $5.23B | · | $4.61B | |
| Long-term Debt | · | · | $1.17B | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Total Debt | $1.01B | $1.01B | · | $1.01B | $1.01B | $1.01B | · | $1.01B | $1.01B | $1.01B | · | $1.00B | $1.00B | $989M | · | $989M | |
| Common Stock | $0 | $0 | $64.0K | $64.0K | $64.0K | $63.0K | $62.0K | $62.0K | $61.0K | $61.0K | · | $60.0K | $60.0K | $60.0K | · | $59.0K | |
| Retained Earnings | $-5.49B | $-5.31B | $-5.06B | $-4.74B | $-4.49B | $-4.21B | $-4.00B | $-3.78B | $-3.54B | $-3.33B | · | $-2.74B | $-2.46B | $-2.18B | · | $-1.62B | |
| AOCI | $-19M | $-5M | $17M | $16M | $14M | $5M | $-4M | $16M | $-6M | $-6M | · | $-16M | $-14M | $62.0K | · | $997.0K | |
| Stockholders' Equity | $152M | $432M | $394M | $408M | $353M | $311M | $221M | $190M | $122M | $72M | · | $126M | $168M | $248M | · | $424M | |
| Liabilities + Equity | $9.74B | $9.83B | $9.56B | $8.59B | $7.85B | $7.45B | $7.18B | $6.69B | $6.47B | $6.31B | · | $5.75B | $5.60B | $5.47B | · | $5.04B | |
| Shares Outstanding | 714,292,000 | 715,795,000 | 708,359,000 | 701,867,000 | 693,161,000 | 677,750,000 | 666,419,000 | 656,132,000 | 646,611,000 | 639,734,000 | · | 623,588,000 | 616,301,000 | 610,487,000 | · | 600,641,000 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $65M | $61M | $63M | $55M | $54M | $54M | $51M | $69M | $53M | $54M | $55M | $54M | $53M | $47M | $43M | $34M | |
| Stock-based Comp | $282M | $275M | $298M | $287M | $285M | $259M | $258M | $265M | $252M | $241M | $251M | $220M | $212M | $185M | $169M | $161M | |
| Amort. of Intangibles | · | · | $6M | $4M | $4M | $4M | $4M | $5M | $5M | $5M | $5M | $5M | $4M | $4M | $4M | $4M | |
| Operating Cash Flow | $318M | $629M | $607M | $546M | $199M | $444M | $184M | $247M | $151M | $239M | $143M | $113M | $28M | $174M | $119M | $67M | |
| CapEx | $22M | $33M | $298M | $103M | $23M | $17M | $64M | $29M | $40M | $47M | $65M | $53M | $111M | $91M | $157M | $133M | |
| Investing Cash Flow | $-142M | $-675M | $-420M | $-543M | $-394M | $-35M | $-85M | $-634M | $-55M | $-79M | $-51M | $-69M | $-357M | $-2.35B | $-164M | $-135M | |
| Stock Issued | $3M | $31M | $4M | $21M | $27M | $37M | $13M | $20M | $5M | $33M | $6M | $16M | $6M | $25M | $3M | $13M | |
| Net Stock Activity | · | $31M | · | · | · | $37M | · | · | · | $33M | · | · | · | $25M | · | · | |
| Financing Cash Flow | $-372M | $31M | $4M | $21M | $27M | $37M | $13M | $20M | $5M | $28M | $6M | $16M | $20M | $25M | $2M | $13M | |
| Net Change in Cash | $-197M | $-17M | $188M | $22M | $-164M | $447M | $109M | $-364M | $100M | $188M | $98M | $60M | $-308M | $-2.15B | $-44M | $-54M | |
| Free Cash Flow | · | $596M | · | · | · | $427M | · | · | · | $192M | · | · | · | $82M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $182M | · | · | · | $72M | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -15.6% | -20.4% | · | -21.8% | -29.8% | -24.6% | · | -30.3% | -26.6% | -37.7% | · | -42.1% | -46.1% | -44.2% | · | -58.0% | |
| Net Margin | -12.5% | -17.1% | · | -18.8% | -25.8% | -20.8% | · | -26.0% | -23.0% | -33.8% | · | -38.9% | -41.5% | -40.9% | · | -57.5% | |
| Pretax Margin | -12.5% | -17.1% | · | -18.9% | -25.8% | -20.8% | · | -26.1% | -23.2% | -33.8% | · | -39.0% | -42.0% | -41.1% | · | -58.2% | |
| EBITDA Margin | -15.6% | -20.4% | · | -21.8% | -29.8% | -24.6% | · | -30.3% | -26.6% | -37.7% | · | -42.1% | -46.1% | -44.2% | · | -58.0% | |
| ROA | -2.1% | -2.9% | · | -3.4% | -3.9% | -3.1% | · | -3.9% | -3.4% | -4.6% | · | -5.1% | -5.4% | -5.3% | · | -7.2% | |
| ROE | -72.4% | -66.2% | · | -85.6% | -117.3% | -112.5% | · | -151.6% | -142.0% | -169.4% | · | -100.9% | -79.0% | -66.3% | · | -58.5% | |
| ROIC | -19.9% | -20.5% | · | -21.0% | -23.8% | -19.4% | · | -23.4% | -21.1% | -28.2% | · | -26.6% | -26.7% | -23.5% | · | -21.3% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.8 | 0.9 | · | 1.0 | 1.0 | 1.0 | · | 1.0 | 1.0 | 1.1 | · | 1.1 | 1.1 | 1.1 | · | 1.6 | |
| Quick Ratio | 0.6 | 0.7 | · | 0.8 | 0.8 | 0.8 | · | 0.8 | 0.8 | 0.9 | · | 0.9 | 0.9 | 1.0 | · | 1.4 | |
| Debt / Equity | 6.6 | 2.3 | · | 2.5 | 2.9 | 3.2 | · | 5.3 | 8.3 | 14.0 | · | 8.0 | 6.0 | 4.0 | · | 2.3 | |
| LT Debt / Equity | 6.6 | 2.3 | · | 2.4 | 2.8 | 3.2 | · | 5.3 | 8.3 | 14.0 | · | 8.0 | 6.0 | 4.0 | · | 2.3 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | -29.2 | · | -29.2 | -31.0 | -28.9 | · | -30.0 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | |
| Receivables Turnover | 2.9 | 3.1 | · | 2.7 | 2.5 | 2.8 | · | 2.7 | 3.0 | 2.7 | · | 3.0 | 3.1 | 2.9 | · | 2.9 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $0.21 | $0.60 | · | $0.58 | $0.51 | $0.46 | · | $0.29 | $0.19 | $0.11 | · | $0.20 | $0.27 | $0.41 | · | $0.71 | |
| Revenue / Share | $2.05 | $2.03 | · | $1.95 | $1.58 | $1.54 | · | $1.41 | $1.39 | $1.26 | · | $1.15 | $1.11 | $1.08 | · | $0.87 | |
| Cash Flow / Share | · | $0.88 | · | · | · | $0.66 | · | · | · | $0.38 | · | · | · | $0.29 | · | · | |
| Cash / Share | $1.39 | $1.66 | · | $1.45 | $1.43 | $1.71 | · | $0.92 | $1.49 | $1.35 | · | $0.93 | $0.84 | $1.36 | · | $5.03 | |
| EPS (TTM) | $-1.42 | $-1.57 | · | $-1.42 | $-1.42 | $-1.33 | · | $-1.64 | $-1.72 | $-1.86 | · | $-1.83 | $-1.88 | $-1.72 | · | $-1.20 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $5.69B | $5.30B | · | $4.46B | $4.02B | $3.84B | · | $3.36B | $3.16B | $2.95B | · | $2.63B | $2.43B | $2.34B | · | $2.21B | |
| Net Income TTM | $-1.00B | $-1.10B | · | $-968M | $-952M | $-880M | · | $-1.04B | $-1.08B | $-1.15B | · | $-1.12B | $-1.14B | $-1.03B | · | $-778M | |
| Market Cap | $38.84B | $40.49B | · | $97.22B | $72.92B | $39.51B | · | $29.04B | $24.06B | $24.43B | · | $18.06B | $24.84B | $27.46B | · | $21.53B | |
| Enterprise Value | $36.84B | $38.29B | · | $95.37B | $71.30B | $37.77B | · | $27.72B | $22.65B | $23.02B | · | $16.91B | $23.72B | $26.21B | · | $19.49B | |
| P/E | -38.3 | -36.0 | · | -97.5 | -74.1 | -43.8 | · | -27.0 | -21.6 | -20.5 | · | -15.8 | -21.4 | -26.2 | · | -29.9 | |
| P/S | 6.8 | 7.6 | · | 21.8 | 18.1 | 10.3 | · | 8.6 | 7.6 | 8.3 | · | 6.9 | 10.2 | 11.7 | · | 9.7 | |
| P/B | 255.5 | 93.7 | · | 238.5 | 206.4 | 127.2 | · | 152.9 | 198.0 | 341.1 | · | 143.6 | 147.4 | 110.8 | · | 50.8 | |
| P / Tangible Book | · | 148.3 | · | 401.5 | 394.6 | 284.8 | · | 3162.4 | · | · | · | · | · | 437.5 | · | 89.8 | |
| P / Cash Flow | · | 64.4 | · | · | · | 89.0 | · | · | · | 102.2 | · | · | · | 158.0 | · | · | |
| EV / Revenue | 6.5 | 7.2 | · | 21.4 | 17.7 | 9.8 | · | 8.2 | 7.2 | 7.8 | · | 6.4 | 9.8 | 11.2 | · | 8.8 | |
| Earnings Yield | -2.6% | -2.8% | · | -1.0% | -1.4% | -2.3% | · | -3.7% | -4.6% | -4.9% | · | -6.3% | -4.7% | -3.8% | · | -3.4% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $4.89B | $3.60B | $2.80B | $2.23B | $1.92B |
| Operating Margin % | -25.2% | -29.5% | -45.0% | -41.5% | -25.8% |
| Net Income | $-1.07B | $-935M | $-1.15B | $-924M | $-492M |
| Diluted EPS | $-1.54 | $-1.44 | $-1.87 | $-1.55 | $-0.97 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 2.6 | 4.5 | 13.2 | 3.2 | 1.7 |
| Current Ratio | 1.0 | 1.0 | 1.1 | 1.5 | 1.7 |
| Quick Ratio | 0.8 | 0.8 | 0.9 | 1.4 | 1.5 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $1.36B | $643M | $138M | $-57M | $566M |
Institutional owners (13F) 903 filers · $37.2B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 120 (-15 vs prior Q) | 147 (-49 vs prior Q) | 304 (+8 vs prior Q) | 290 (-39 vs prior Q) | +23.4M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $5,142,065,267 | 63,458,784 | 13.81% | Shares |
| FMR LLC | $4,335,375,505 | 79,723,713 | 11.64% | Shares |
| BlackRock, Inc. | $2,084,253,192 | 38,327,569 | 5.60% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,720,399,885 | 31,636,629 | 4.62% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $1,587,683,591 | 29,196,094 | 4.26% | Shares |
| Capital World Investors | $1,234,930,130 | 22,709,293 | 3.32% | Shares |
| MORGAN STANLEY | $1,182,291,234 | 21,741,285 | 3.17% | Shares |
| BAILLIE GIFFORD & CO | $1,148,773,966 | 21,124,935 | 3.08% | Shares |
| IEQ CAPITAL, LLC | $901,324,203 | 16,574,553 | 2.42% | Shares |
| Capital International Investors | $874,758,020 | 16,086,049 | 2.35% | Shares |
| STATE STREET CORP | $807,695,971 | 14,852,813 | 2.17% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $735,371,184 | 13,522,824 | 1.97% | Shares |
| TWO SIGMA INVESTMENTS, LP | $731,337,533 | 13,448,649 | 1.96% | Shares |
| SRS Investment Management, LLC | $710,389,976 | 13,063,442 | 1.91% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $669,356,303 | 12,340,053 | 1.80% | Shares |
| Linonia Partnership LP | $655,452,255 | 12,053,186 | 1.76% | Shares |
| TWO SIGMA ADVISERS, LP | $527,273,635 | 6,507,141 | 1.42% | Shares |
| FIL Ltd | $491,750,129 | 9,042,849 | 1.32% | Shares |
| Temasek Holdings (Private) Ltd | $422,954,589 | 7,777,760 | 1.14% | Shares |
| GOLDMAN SACHS GROUP INC | $397,852,031 | 7,316,146 | 1.07% | Shares |
| Amundi | $384,918,553 | 7,078,311 | 1.03% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $370,548,714 | 6,814,063 | 0.99% | Shares |
| ARK Investment Management LLC | $351,615,103 | 6,465,890 | 0.94% | Shares |
| NORGES BANK | $278,333,100 | 5,118,299 | 0.75% | Shares |
| JPMORGAN CHASE & CO | $253,869,887 | 4,671,877 | 0.68% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $252,478,455 | 4,642,855 | 0.68% | Shares |
| UBS Group AG | $247,139,643 | 4,544,679 | 0.66% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $234,146,848 | 4,305,753 | 0.63% | Shares |
| D. E. Shaw & Co., Inc. | $214,123,752 | 3,937,546 | 0.57% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $211,472,944 | 3,888,800 | 0.57% | Call option |
| JANE STREET GROUP, LLC | $210,858,450 | 3,877,500 | 0.57% | Call option |
| NORTHERN TRUST CORP | $207,291,176 | 3,811,901 | 0.56% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $202,581,433 | 3,725,293 | 0.54% | Shares |
| BANK OF AMERICA CORP /DE/ | $199,162,868 | 3,662,429 | 0.53% | Shares |
| Amova Asset Management Americas, Inc. | $185,964,251 | 3,419,089 | 0.50% | Shares |
| WORLDQUANT MILLENNIUM ADVISORS LLC | $184,779,597 | 3,397,933 | 0.50% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $174,336,616 | 3,194,052 | 0.47% | Shares |
| ValueAct Holdings, L.P. | $171,156,754 | 3,147,421 | 0.46% | Shares |
| Contour Asset Management LLC | $168,967,850 | 3,107,169 | 0.45% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $161,243,003 | 2,850,831 | 0.43% | Shares |
| Slate Path Capital LP | $149,343,794 | 2,746,300 | 0.40% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $148,751,052 | 2,735,400 | 0.40% | Put option |
| CITADEL ADVISORS LLC | $148,500,904 | 2,730,800 | 0.40% | Call option |
| Legal & General Group Plc | $142,492,352 | 2,620,308 | 0.38% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $134,554,718 | 2,474,342 | 0.36% | Shares |
| JANE STREET GROUP, LLC | $117,629,378 | 2,163,100 | 0.32% | Put option |
| CITADEL ADVISORS LLC | $112,867,050 | 2,075,525 | 0.30% | Shares |
| DEUTSCHE BANK AG\ | $104,475,618 | 1,921,214 | 0.28% | Shares |
| Assenagon Asset Management S.A. | $102,984,300 | 1,893,790 | 0.28% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $102,830,840 | 1,890,968 | 0.28% | Shares |
Company insiders 25 insiders · 6 officers · 6 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| David Baszucki | President & CEO | Aug. 20, 2026 S | 799,646 | 0 | 33 | $-43,524,030 |
| Naveen K. Chopra | Chief Financial Officer | Aug. 20, 2026 S | 363,249 | 0 | 12 | $-4,061,314 |
| Mark Reinstra | Chief Legal Off. & Corp. Sec. | Sept. 8, 2026 S | 392,291 | 0 | 28 | $-13,052,002 |
| Amy Marie Rawlings | Chief Accounting Officer | Aug. 25, 2026 S | 68,508 | 0 | 13 | $-778,801 |
| Sean Jack Buckley | Chief People & Systems Officer | Aug. 24, 2026 S | 87,213 | 0 | 6 | $-856,447 |
| Matthew D Kaufman | Chief Safety Officer | Aug. 20, 2026 S | 335,060 | 0 | 21 | $-9,209,965 |
| Gregory Baszucki | Director | Oct. 1, 2026 S | 1,252,836 | 0 | 40 | $-6,616,624 |
| Andrea L Wong | Director | Aug. 31, 2026 S | 45,265 | 0 | 2 | $-60,228 |
| Gina Mastantuono | Director | Aug. 20, 2026 J | 18,261 | 2 | 2 | $161 |
| Jason Kilar | Director | Aug. 20, 2026 J | 18,927 | 0 | 0 | $0 |
| Anthony P Lee | Director | Aug. 10, 2026 G | 306,768 | 0 | 33 | $-18,271,166 |
| Hodong Nam | 10% owner | May 1, 2024 G | 4,222,851 | 0 | 0 | $0 |
| Han Kim | 10% owner | Nov. 27, 2023 S | 3,284,862 | 0 | 0 | $0 |
| Altos Ventures Management Inc. | 10% owner | Aug. 11, 2023 J | 0 | 0 | 0 | $0 |
| Altos Ventures IV Reserve Fund, L.P. | 10% owner | Nov. 19, 2021 S | 613,286 | 0 | 0 | $0 |
| Christopher Carvalho | · | May 28, 2026 A | 1,112,098 | 0 | 0 | $0 |
| Dennis M Durkin | · | May 28, 2026 A | 8,709 | 0 | 0 | $0 |
| Arvind Chakravarthy | · | Feb. 20, 2026 S | 177,589 | 0 | 12 | $-9,950,539 |
| Manuel Bronstein | · | Aug. 20, 2025 S | 443,222 | 0 | 0 | $0 |
| Michael Guthrie | · | June 5, 2025 M | 492,266 | 0 | 0 | $0 |
| Daniel Sturman | · | May 20, 2024 J | 469,320 | 0 | 0 | $0 |
| Barbara Messing | · | Nov. 21, 2023 S | 234,241 | 0 | 0 | $0 |
| Craig Donato | · | May 24, 2023 S | 1,227,229 | 0 | 0 | $0 |
| Deepika Gupta | · | May 23, 2022 S | 21,443 | 0 | 0 | $0 |
| Brett Tolley | · | Feb. 22, 2022 S | 7,654 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 69 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| ARKK · ARK ETF Trust | 2.39% | 3,737,558 NS | July 31, 2026 | N-PORT |
| ARKW · ARK ETF Trust | 2.29% | 1,035,245 NS | July 31, 2026 | N-PORT |
| ODDS · Pacer Funds Trust | 2.16% | 2,444 NS | July 31, 2026 | N-PORT |
| ARKF · ARK ETF Trust | 2.13% | 420,212 NS | July 31, 2026 | N-PORT |
| VOX · VANGUARD WORLD FUND | 1.95% | 2,139,490 SH | Aug. 19, 2026 | Daily |
| GGME · Invesco Exchange-Traded Fund Trust | 1.74% | 18,171 SH | Oct. 2, 2026 | Daily |
| ABOT · Abacus FCF ETF Trust | 1.63% | 1,850 NS | July 31, 2026 | N-PORT |
| FCOM · FIDELITY COVINGTON TRUST | 1.30% | 631,667 NS | July 31, 2026 | N-PORT |
| FDND · First Trust Exchange-Traded Fund IV | 0.94% | 2,583 NS | July 31, 2026 | N-PORT |
| IWP · iShares Trust | 0.84% | 3,580,341 SH | Sept. 11, 2026 | Daily |
| PNQI · Invesco Exchange-Traded Fund Trust | 0.77% | 95,495 SH | Oct. 2, 2026 | Daily |
| VOT · VANGUARD INDEX FUNDS | 0.76% | 4,887,914 SH | Aug. 19, 2026 | Daily |
| WEBL · Direxion Shares ETF Trust | 0.61% | 16,063 NS | July 31, 2026 | N-PORT |
| TRFM · ETF Series Solutions | 0.58% | 40,556 NS | July 31, 2026 | N-PORT |
| IYC · iShares Trust | 0.49% | 127,205 SH | Sept. 11, 2026 | Daily |
| NULG · Nushares ETF Trust | 0.41% | 307,747 NS | July 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.41% | 7,707,050 SH | Aug. 19, 2026 | Daily |
| IMCG · iShares Trust | 0.40% | 356,185 SH | Sept. 11, 2026 | Daily |
| VO · VANGUARD INDEX FUNDS | 0.33% | 13,826,590 SH | Aug. 19, 2026 | Daily |
| FFLG · FIDELITY COVINGTON TRUST | 0.31% | 51,552 NS | July 31, 2026 | N-PORT |
| EUSA · iShares, Inc. | 0.24% | 100,852 SH | Sept. 11, 2026 | Daily |
| NULV · Nushares ETF Trust | 0.23% | 140,884 NS | July 31, 2026 | N-PORT |
| IWR · iShares Trust | 0.21% | 2,605,215 SH | Sept. 11, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.21% | 127,250 SH | Oct. 2, 2026 | Daily |
| IMCB · iShares Trust | 0.20% | 75,517 SH | Sept. 11, 2026 | Daily |
| SIZE · iShares Trust | 0.19% | 18,231 SH | Sept. 11, 2026 | Daily |
| FBCG · FIDELITY COVINGTON TRUST | 0.15% | 285,326 NS | July 31, 2026 | N-PORT |
| IGM · iShares Trust | 0.14% | 318,616 SH | Sept. 11, 2026 | Daily |
| VUG · VANGUARD INDEX FUNDS | 0.11% | 8,013,986 SH | Aug. 19, 2026 | Daily |
| VONG · VANGUARD SCOTTSDALE FUNDS | 0.10% | 999,953 SH | Aug. 19, 2026 | Daily |
| ILCG · iShares Trust | 0.09% | 62,425 SH | Sept. 11, 2026 | Daily |
| IWF · iShares Trust | 0.09% | 2,386,830 SH | Sept. 11, 2026 | Daily |
| IETC · iShares U.S. ETF Trust | 0.08% | 12,924 SH | Sept. 11, 2026 | Daily |
| VEGN · ETF Series Solutions | 0.07% | 3,734 NS | July 31, 2026 | N-PORT |
| DYNF · BlackRock ETF Trust | 0.07% | 633,483 SH | Sept. 11, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.06% | 143,591 SH | Aug. 19, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.06% | 11,117 SH | Oct. 2, 2026 | Daily |
| WRND · New York Life Investments ETF Trust | 0.06% | 174 NS | July 31, 2026 | N-PORT |
| GLBL · Pacer Funds Trust | 0.05% | 16 NS | July 31, 2026 | N-PORT |
| VV · VANGUARD INDEX FUNDS | 0.05% | 745,152 SH | Aug. 19, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.05% | 20,260,796 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.05% | 105,039 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.05% | 53,485 SH | Aug. 19, 2026 | Daily |
| ILCB · iShares Trust | 0.04% | 12,469 SH | Sept. 11, 2026 | Daily |
| IYY · iShares Trust | 0.04% | 29,008 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.04% | 873,843 SH | Sept. 11, 2026 | Daily |
| IWB · iShares Trust | 0.04% | 438,710 SH | Sept. 11, 2026 | Daily |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0.04% | 104,693 SH | Oct. 2, 2026 | Daily |
| IWV · iShares Trust | 0.04% | 174,621 SH | Sept. 11, 2026 | Daily |
| BBUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.04% | 88,745 NS | July 31, 2026 | N-PORT |
| VOTE · TCW ETF Trust | 0.04% | 10,886 NS | July 31, 2026 | N-PORT |
| BKLC · BNY Mellon ETF Trust | 0.03% | 52,215 NS | July 31, 2026 | N-PORT |
| CRBN · iShares Trust | 0.03% | 8,454 SH | Sept. 11, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.03% | 529,989 SH | Aug. 19, 2026 | Daily |
| TOV · EA Series Trust | 0.03% | 2,412 NS | July 31, 2026 | N-PORT |
| TOK · iShares Trust | 0.03% | 1,558 SH | Sept. 11, 2026 | Daily |
| URTH · iShares, Inc. | 0.03% | 53,279 SH | Sept. 11, 2026 | Daily |
| ACWI · iShares Trust | 0.03% | 193,855 SH | Sept. 11, 2026 | Daily |
| VOXP · Advisors Series Trust | 0.03% | 42 NS | July 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.02% | 137,808 NS | July 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.02% | 12,324 NS | July 31, 2026 | N-PORT |
| PEVC · Pacer Funds Trust | 0.02% | 12 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.01% | 47,038 NS | July 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.01% | 6,974 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.01% | 8,168 NS | July 31, 2026 | N-PORT |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.01% | 8,978 SH | Oct. 2, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.00% | 30,323 NS | July 31, 2026 | N-PORT |
| NEAR · iShares U.S. ETF Trust | 0.00% | 100,000 SH | Sept. 9, 2026 | Daily |
| LSEQ · Harbor ETF Trust | -1.11% | -4,787 NS | July 31, 2026 | N-PORT |
RBLX Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
34 analysts · 2026-09-28Mean target $48.97 +11.0%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| RBLX | $57.40B | -52.6 | 35.8% | -21.8% | -345.8% | · |
| TTWO | $36.62B | -121.9 | 18.2% | -4.5% | -8.6% | 57.2% |
| FIRY | · | · | · | · | · | · |
| MRDN | · | · | 21.0% | · | · | · |
| MYPS | · | · | · | · | · | · |
| MSGM | · | 2.2 | 30.0% | 61.3% | 190.5% | 81.5% |
| SNAL | · | -2.1 | -3.8% | · | · | · |
| VS | $6M | -3.3 | 3711.3% | -82.1% | -16.6% | 99.2% |
| EA | · | 58.1 | 0.91% | · | · | · |
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