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FY 202510-K

Annual Report — FY 2025

Filed February 11, 2026

AI Summary

Revenue grew strongly across all geographies while the company remains unprofitable, with accumulated losses continuing to deepen — the core tension investors need to watch. The U.S. and Canada still dominate revenue, but Europe and Asia-Pacific are growing their share, signaling Roblox's push toward a more globally diversified user base. With $1 billion in senior unsecured notes due 2030 on the balance sheet and heavy ongoing infrastructure investment — including new data center commitments — the path to profitability hinges on whether stock-based compensation and infrastructure costs can be reined in as the platform scales.

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The most comprehensive yearly filing — includes a full business description, financial statements, management discussion, risk factors, and competitive landscape. This is the definitive document for understanding a company's business.

Complete annual business review — the most important filing of the year.

Extracted Milestones (8)

Shipped

Creator Exchange Rate Increased by 8.5%

Beginning September 5, 2025, Roblox increased the fiat currency amount creators receive through the Developer Exchange Program based on earned Robux by 8.5%.

EconomyCreator
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Shipped

Voice Chat Expanded to Over 50 Countries

Roblox's proximity-based voice chat feature with lip sync is now available in over 50 countries and in several supported languages for age-checked users aged 13 and over.

SocialPlatform
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Shipped

Mandatory Age-Check Systems Deployed for Chat Access

Beginning in Q4 2025 and fully implemented in January 2026, Roblox deployed mandatory age-check systems in all chat-enabled regions using facial age estimation, identity verification, and parent/caregiver-provided age data, restricting chat to users in similar age groups or Trusted Connections.

SafetySocial
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Shipped

Moments Feature Shipped for Gameplay Capture and Sharing

In September 2025, Roblox launched Moments, allowing users to capture, edit, and share gameplay moments to help other users discover new experiences.

SocialPlatform
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Open-Sourced AI Safety Tools: RoGuard, Sentinel, and Voice Safety Classifier Released

Roblox open-sourced key AI safety tools including RoGuard for LLM safety, Sentinel for text moderation, and a voice safety classifier model to support industry-wide safety collaboration.

SafetyAI
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Shipped

Self-Serve License Manager Launched for IP Licensing

In late 2025, Roblox launched a self-serve License Manager enabling intellectual property rights holders to partner with the creator community and accumulate earned Robux from their IP.

CreatorEconomy
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Shipped

Immersive Ad Units Shipped Including Rewarded Video, Billboards, and Portals

Roblox now offers creators the ability to insert programmatically served immersive ad units—Rewarded Video, Billboards, and Portals—into experiences, with creators accumulating earned Robux from impressions and teleports.

AdsCreator
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Shipped

Creator Rewards Program Launched to Replace Premium Payouts

Roblox launched Creator Rewards, replacing the Premium Payouts program, to align creator earnings with high-value engagement actions that support long-term platform growth.

CreatorEconomy
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