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Side-by-side financial comparison of Roblox Corp (RBLX) and SHOPIFY INC. (SHOP). Click either name above to swap in a different company.
SHOPIFY INC. is the larger business by last-quarter revenue ($3.7B vs $1.4B, roughly 2.6× Roblox Corp). SHOPIFY INC. runs the higher net margin — 20.2% vs -22.3%, a 42.6% gap on every dollar of revenue. On growth, Roblox Corp posted the faster year-over-year revenue change (43.2% vs 30.6%). SHOPIFY INC. produced more free cash flow last quarter ($715.0M vs $308.6M). Over the past eight quarters, SHOPIFY INC.'s revenue compounded faster (40.5% CAGR vs 32.9%).
Roblox Corporation 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.
Shopify Inc., stylized as shopify, is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario that operates a platform for retail point-of-sale systems. The company has over 5 million customers and processed US$292.3 billion in transactions in 2024, of which 57% was in the United States. Major customers include Tesla, LVMH, Nestlé, PepsiCo, AB InBev, Kraft Heinz, Lindt, Whole Foods Market, Red Bull, and Hyatt.
RBLX vs SHOP — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $3.7B |
| Net Profit | $-316.0M | $743.0M |
| Gross Margin | 77.7% | 46.1% |
| Operating Margin | -25.3% | 17.2% |
| Net Margin | -22.3% | 20.2% |
| Revenue YoY | 43.2% | 30.6% |
| Net Profit YoY | -43.9% | -42.5% |
| EPS (diluted) | $-0.44 | $0.58 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.4B | $3.7B | ||
| Q3 25 | $1.4B | $2.8B | ||
| Q2 25 | $1.1B | $2.7B | ||
| Q1 25 | $1.0B | $2.4B | ||
| Q4 24 | $988.2M | $2.8B | ||
| Q3 24 | $919.0M | $2.2B | ||
| Q2 24 | $893.5M | $2.0B | ||
| Q1 24 | $801.3M | $1.9B |
| Q4 25 | $-316.0M | $743.0M | ||
| Q3 25 | $-255.6M | $264.0M | ||
| Q2 25 | $-278.4M | $906.0M | ||
| Q1 25 | $-215.1M | $-682.0M | ||
| Q4 24 | $-219.6M | $1.3B | ||
| Q3 24 | $-239.3M | $828.0M | ||
| Q2 24 | $-205.9M | $171.0M | ||
| Q1 24 | $-270.6M | $-273.0M |
| Q4 25 | 77.7% | 46.1% | ||
| Q3 25 | 78.2% | 48.9% | ||
| Q2 25 | 78.2% | 48.6% | ||
| Q1 25 | 78.3% | 49.5% | ||
| Q4 24 | 77.9% | 48.1% | ||
| Q3 24 | 77.7% | 51.7% | ||
| Q2 24 | 77.8% | 51.1% | ||
| Q1 24 | 77.7% | 51.4% |
| Q4 25 | -25.3% | 17.2% | ||
| Q3 25 | -21.8% | 12.1% | ||
| Q2 25 | -29.8% | 10.9% | ||
| Q1 25 | -24.6% | 8.6% | ||
| Q4 24 | -24.7% | 16.5% | ||
| Q3 24 | -30.4% | 13.1% | ||
| Q2 24 | -26.6% | 11.8% | ||
| Q1 24 | -37.7% | 4.6% |
| Q4 25 | -22.3% | 20.2% | ||
| Q3 25 | -18.8% | 9.3% | ||
| Q2 25 | -25.8% | 33.8% | ||
| Q1 25 | -20.8% | -28.9% | ||
| Q4 24 | -22.2% | 46.0% | ||
| Q3 24 | -26.0% | 38.3% | ||
| Q2 24 | -23.0% | 8.4% | ||
| Q1 24 | -33.8% | -14.7% |
| Q4 25 | $-0.44 | $0.58 | ||
| Q3 25 | $-0.37 | $0.20 | ||
| Q2 25 | $-0.41 | $0.69 | ||
| Q1 25 | $-0.32 | $-0.53 | ||
| Q4 24 | $-0.32 | $0.99 | ||
| Q3 24 | $-0.37 | $0.64 | ||
| Q2 24 | $-0.32 | $0.13 | ||
| Q1 24 | $-0.43 | $-0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.1B | $5.8B |
| Total DebtLower is stronger | $1.2B | — |
| Stockholders' EquityBook value | $394.5M | $13.5B |
| Total Assets | $9.6B | $15.2B |
| Debt / EquityLower = less leverage | 2.98× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.1B | $5.8B | ||
| Q3 25 | $2.9B | $6.3B | ||
| Q2 25 | $2.6B | $5.8B | ||
| Q1 25 | $2.7B | $5.5B | ||
| Q4 24 | $2.4B | $5.5B | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.4B | — |
| Q4 25 | $1.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $394.5M | $13.5B | ||
| Q3 25 | $407.6M | $12.5B | ||
| Q2 25 | $353.2M | $12.1B | ||
| Q1 25 | $310.7M | $11.1B | ||
| Q4 24 | $221.4M | $11.6B | ||
| Q3 24 | $189.9M | $10.1B | ||
| Q2 24 | $121.5M | $9.2B | ||
| Q1 24 | $71.6M | $8.9B |
| Q4 25 | $9.6B | $15.2B | ||
| Q3 25 | $8.6B | $15.0B | ||
| Q2 25 | $7.8B | $14.6B | ||
| Q1 25 | $7.5B | $13.4B | ||
| Q4 24 | $7.2B | $13.9B | ||
| Q3 24 | $6.7B | — | ||
| Q2 24 | $6.5B | — | ||
| Q1 24 | $6.3B | — |
| Q4 25 | 2.98× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 5.48× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $607.0M | $725.0M |
| Free Cash FlowOCF − Capex | $308.6M | $715.0M |
| FCF MarginFCF / Revenue | 21.8% | 19.5% |
| Capex IntensityCapex / Revenue | 21.1% | 0.3% |
| Cash ConversionOCF / Net Profit | — | 0.98× |
| TTM Free Cash FlowTrailing 4 quarters | $1.4B | $2.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $607.0M | $725.0M | ||
| Q3 25 | $546.2M | $513.0M | ||
| Q2 25 | $199.3M | $428.0M | ||
| Q1 25 | $443.9M | $367.0M | ||
| Q4 24 | $184.5M | $615.0M | ||
| Q3 24 | $247.4M | $423.0M | ||
| Q2 24 | $151.4M | $340.0M | ||
| Q1 24 | $238.9M | $238.0M |
| Q4 25 | $308.6M | $715.0M | ||
| Q3 25 | $443.6M | $507.0M | ||
| Q2 25 | $176.7M | $422.0M | ||
| Q1 25 | $426.5M | $363.0M | ||
| Q4 24 | $120.6M | $611.0M | ||
| Q3 24 | $218.0M | $421.0M | ||
| Q2 24 | $111.7M | $333.0M | ||
| Q1 24 | $192.3M | $232.0M |
| Q4 25 | 21.8% | 19.5% | ||
| Q3 25 | 32.6% | 17.8% | ||
| Q2 25 | 16.3% | 15.7% | ||
| Q1 25 | 41.2% | 15.4% | ||
| Q4 24 | 12.2% | 21.7% | ||
| Q3 24 | 23.7% | 19.5% | ||
| Q2 24 | 12.5% | 16.3% | ||
| Q1 24 | 24.0% | 12.5% |
| Q4 25 | 21.1% | 0.3% | ||
| Q3 25 | 7.5% | 0.2% | ||
| Q2 25 | 2.1% | 0.2% | ||
| Q1 25 | 1.7% | 0.2% | ||
| Q4 24 | 6.5% | 0.1% | ||
| Q3 24 | 3.2% | 0.1% | ||
| Q2 24 | 4.4% | 0.3% | ||
| Q1 24 | 5.8% | 0.3% |
| Q4 25 | — | 0.98× | ||
| Q3 25 | — | 1.94× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.48× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | — | 1.99× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RBLX
Segment breakdown not available.
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
