Roblox Corp Files 2024 Q2 10-Q

TL;DR

Roblox Q2 2024 10-Q is in. Check financials.

AI Summary

Roblox Corporation filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the second quarter of 2024. Key financial data and disclosures relevant to investors are presented in this report.

Why It Matters

This filing provides crucial financial and operational insights into Roblox's performance, helping investors assess the company's current health and future prospects.

Risk Assessment

Risk Level: medium — 10-Q filings are standard financial reports, but the specific content can reveal risks or opportunities.

Key Players & Entities

• Roblox Corp (company) — Filer of the 10-Q
• 20240630 (date) — End of the reporting period
• 20240802 (date) — Filing date

FAQ

Key Financial Figures

• $0.0001 — which registered Class A Common Stock, $0.0001 par value RBLX The New York Stock Excha

Filing Documents

• rblx-20240630.htm (10-Q) — 1893KB
• exhibit311q22410q.htm (EX-31.1) — 14KB
• exhibit312q22410q.htm (EX-31.2) — 14KB
• exhibit321q22410q.htm (EX-32.1) — 15KB
• rblx-20240630_g1.jpg (GRAPHIC) — 89KB
• rblx-20240630_g10.jpg (GRAPHIC) — 118KB
• rblx-20240630_g11.jpg (GRAPHIC) — 74KB
• rblx-20240630_g2.jpg (GRAPHIC) — 81KB
• rblx-20240630_g3.jpg (GRAPHIC) — 112KB
• rblx-20240630_g4.jpg (GRAPHIC) — 117KB
• rblx-20240630_g5.jpg (GRAPHIC) — 61KB
• rblx-20240630_g6.jpg (GRAPHIC) — 40KB
• rblx-20240630_g7.jpg (GRAPHIC) — 39KB
• rblx-20240630_g8.jpg (GRAPHIC) — 38KB
• rblx-20240630_g9.jpg (GRAPHIC) — 41KB
• 0001315098-24-000166.txt ( ) — 10890KB
• rblx-20240630.xsd (EX-101.SCH) — 56KB
• rblx-20240630_cal.xml (EX-101.CAL) — 83KB
• rblx-20240630_def.xml (EX-101.DEF) — 283KB
• rblx-20240630_lab.xml (EX-101.LAB) — 726KB
• rblx-20240630_pre.xml (EX-101.PRE) — 505KB
• rblx-20240630_htm.xml (XML) — 1295KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) 6 Condensed Consolidated Balance Sheets 6 Condensed Consolidated Statements of Operations 7 Condensed Consolidated Statements of Comprehensive Loss 8 Condensed Consolidated Statements of Stockholders' Equity 9 Condensed Consolidated Statements of Cash Flows 11 Notes to Unaudited Condensed Consolidated Financial Statements 12

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 29

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 49

Controls and Procedures

Item 4. Controls and Procedures 50

OTHER INFORMATION

PART II. OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 51

Risk Factors

Item 1A. Risk Factors 52

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 87

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 87

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 87

Other Information

Item 5. Other Information 87

Exhibits

Item 6. Exhibits 88

Signatures

Signatures 89 i Table of Contents SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of the federal securities laws, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "expect," "anticipate," "should," "believe," "hope," "target," "project," "plan," "goals," "estimate," "potential," "predict," "may," "will," "might," "could," "would," "intend," "shall," "contemplate," "opportunity," or "continue" or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans, or intentions. Forward-looking statements contained in this Quarterly Report on Form 10-Q include, but are not limited to, statements about: our expectations regarding future financial performance, including but not limited to our expectations regarding revenue, cost of revenue, changes in the estimated average lifetime of a paying user, operating expenses, operating losses, operating leverage, and our key metrics, and our ability to achieve and maintain future profitability; our ability to successfully execute our business and growth strategy, including our potential to scale and grow our advertising business, our international users, developers, and creators and our ability to create new revenue opportunities; the sufficiency of our cash and cash equivalents to meet our liquidity needs; economic, seasonal, and industry trends; the functionality and economics of our Platform on operating systems and through distribution channels and software application stores; the demand for our Platform in general; our ability to retain and increase our number of users, developers, and creators; the impact of inflation and global economic conditions on our o

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION

Financial Statements (unaudited)

Item 1. Financial Statements (unaudited) ROBLOX CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except par values) (unaudited) As of June 30, 2024 December 31, 2023 Assets Current assets: Cash and cash equivalents $ 966,406 $ 678,466 Short-term investments 1,445,689 1,514,808 Accounts receivable—net of allowances 345,809 505,769 Prepaid expenses and other current assets 87,100 74,549 Deferred cost of revenue, current portion 559,278 501,821 Total current assets 3,404,282 3,275,413 Long-term investments 1,189,135 1,043,399 Property and equipment—net 675,075 695,360 Operating lease right-of-use assets 722,493 665,107 Deferred cost of revenue, long-term 277,614 283,326 Intangible assets, net 43,113 53,060 Goodwill 141,900 142,129 Other assets 16,904 10,284 Total assets $ 6,470,516 $ 6,168,078 Liabilities and Stockholders' equity Current liabilities: Accounts payable $ 38,877 $ 60,087 Accrued expenses and other current liabilities 269,839 271,121 Developer exchange liability 330,289 314,866 Deferred revenue—current portion 2,662,087 2,406,292 Total current liabilities 3,301,092 3,052,366 Deferred revenue—net of current portion 1,311,787 1,373,250 Operating lease liabilities 706,018 646,506 Long-term debt, net 1,005,679 1,005,000 Other long-term liabilities 34,639 22,330 Total liabilities 6,359,215 6,099,452 Commitments and contingencies (Note 10) Stockholders' equity Common stock, $ 0.0001 par value; 5,000,000 authorized as of June 30, 2024 and December 31, 2023, 646,611 and 631,221 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively; Class A common stock— 4,935,000 shares authorized as of June 30, 2024 and December 31, 2023, 597,933 and 581,135 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively; Class B common stock— 65,000 shares authorized as of June 30, 2024 and December 31, 2023, 48,678 and 50,086 shares issued and outstanding as of June 3

View Full Filing

View this 10-Q filing on SEC EDGAR