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High Roller Technologies, Inc. (ROLR)
XASE:ROLR
US Market

High Roller Technologies, Inc. (ROLR) AI Stock Analysis

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ROLR

High Roller Technologies, Inc.

(NYSE MKT:ROLR)

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Neutral 50 (OpenAI - 5.2)
Rating:50Neutral
Price Target:
$5.50
▲(243.75% Upside)
The score is held back primarily by weak financial performance—ongoing losses, declining TTM revenue, and significant negative operating/free cash flow—despite a manageable debt/equity position. Technicals are mixed (positive longer-term trend but weak near-term momentum), and valuation is constrained by a negative P/E with no dividend yield provided. Corporate events add moderate support via expansion partnerships and licensing/M&A, but recent equity financing underscores funding risk.
Positive Factors
U.S. prediction markets partnership
A binding LOI with a CFTC-registered exchange partner positions the company to enter a large, regulated U.S. market using a respected platform. This strategic alignment can create lasting distribution, regulatory access, and product credibility if definitive agreements and launch execution succeed.
Regulated market access via acquisition
Acquiring an entity with an existing regulated license secures legal access to EU regulated online gambling channels and reduces time-to-market for products. This durable regulatory foothold supports sustainable revenue diversification across jurisdictions over the medium term.
Manageable leverage
Low absolute debt relative to equity implies balance-sheet flexibility to absorb operating setbacks and fund strategic initiatives without heavy fixed financing costs. This structural cushion reduces bankruptcy risk and supports options for measured investment or fundraising when needed.
Negative Factors
Severe cash burn
Large, persistent negative operating and free cash flow signals the business cannot self-fund growth and must rely on external capital. Over months, continued cash burn raises execution risk, pressures strategic initiatives, and forces dilution or restrictive financing terms if not corrected.
Declining revenue and persistent losses
A declining top line paired with ongoing operating losses indicates weak demand dynamics or ineffective monetization. Even with solid gross margins, persistent negative profitability undermines return on invested capital and threatens long-term viability absent sustained revenue recovery.
Reliance on equity financing/dilution risk
Repeated equity financings and expanded incentive share pools reflect reliance on external capital to fund operations. This structurally increases shareholder dilution risk, can compress per-share economics over time, and may constrain management focus toward funding rather than profitable scale.

High Roller Technologies, Inc. (ROLR) vs. SPDR S&P 500 ETF (SPY)

High Roller Technologies, Inc. Business Overview & Revenue Model

Company DescriptionHigh Roller Technologies, Inc. engages in the online gaming business worldwide. The company offers a suite of online casino games, such as blackjack, roulette, craps, baccarat, poker, and slot machines through HighRoller.com. It operates Fruta.com, an online gaming operator known for its casino platform; and provides internet related advertising services. The company was founded in 2005 and is based in Las Vegas, Nevada.
How the Company Makes MoneyHigh Roller Technologies, Inc. generates revenue through a diversified model that includes subscription-based services, enterprise software licensing, and professional consulting fees. The company's AI and cloud computing solutions are offered as subscription services, providing a steady stream of recurring revenue. Additionally, ROLR licenses its proprietary software to businesses seeking to integrate advanced analytics and AI capabilities into their operations. The company also engages in strategic partnerships with major tech firms to co-develop solutions, further expanding its market reach and profitability. Consulting services, offered to businesses for integration and optimization of ROLR's technologies, serve as another significant revenue stream.

High Roller Technologies, Inc. Financial Statement Overview

Summary
Mixed fundamentals: revenue is down (-4.2% TTM) and profitability remains negative with worsening operating losses, while cash flow is the key weakness with deeply negative operating and free cash flow (about -$7.1M and -$7.5M TTM). Balance sheet leverage looks manageable with modest debt (~$0.9M) and positive equity (~$6.6M), but returns remain negative.
Income Statement
26
Negative
TTM (Trailing-Twelve-Months) revenue is down (-4.2%) and the company remains unprofitable, with negative operating profit and a negative net margin. Gross margin is comparatively solid (~59%), but losses have persisted across the last several periods and profitability has deteriorated versus 2023 as operating losses widened again. Overall, the business shows decent unit-level margin potential, but the current cost structure and declining revenue keep earnings quality weak.
Balance Sheet
58
Neutral
Leverage appears manageable with modest total debt (about $0.9M TTM) against a positive equity base (~$6.6M), suggesting balance-sheet flexibility. Total assets are relatively stable, and debt levels are not the primary pressure point. The key weakness is returns: losses translate into negative returns on equity, indicating the capital base is not currently generating profits despite the improved equity position versus earlier years.
Cash Flow
18
Very Negative
Cash generation is the main concern: TTM (Trailing-Twelve-Months) operating cash flow and free cash flow are deeply negative (approximately -$7.1M and -$7.5M), reflecting cash burn rather than self-funding operations. While free cash flow is roughly in line with net loss (not materially worse than earnings), the trajectory is unfavorable with weakening free cash flow versus the prior annual period. This raises ongoing funding risk if conditions do not improve.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue28.04M27.88M29.68M18.49M13.45M14.77M
Gross Profit15.88M14.94M16.03M10.95M11.93M4.45M
EBITDA-5.40M-5.55M-2.63M-2.96M1.00M274.73K
Net Income-2.27M-5.92M-2.82M-3.06M978.45K68.49K
Balance Sheet
Total Assets16.04M16.63M11.79M10.84M4.80M9.64M
Cash, Cash Equivalents and Short-Term Investments2.73M7.95M2.09M4.15M232.96K110.92K
Total Debt869.00K962.00K0.0073.08K63.88K91.58K
Total Liabilities9.46M10.90M9.48M10.99M4.18M23.14M
Stockholders Equity6.58M5.72M2.31M-150.43K615.02K-13.51M
Cash Flow
Free Cash Flow-7.53M-4.38M133.00K1.70M-135.50K-218.19K
Operating Cash Flow-7.08M-3.91M762.00K1.80M633.39K414.15K
Investing Cash Flow-626.00K-471.00K-629.00K222.55K-768.89K-632.35K
Financing Cash Flow7.26M7.68M-336.00K400.00K-35.27K0.00

High Roller Technologies, Inc. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
69
Neutral
$247.46M4.464.03%
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
57
Neutral
$702.35M143.711.15%3.71%-12.25%-84.89%
51
Neutral
$84.89M-2.16-121.54%7.45%5.03%
50
Neutral
$67.95M-17.52-78.26%3.80%59.04%
43
Neutral
$742.35M-1.86-114.88%0.36%47.55%
40
Neutral
$632.15M-9.09-11.41%9.50%24.64%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
ROLR
High Roller Technologies, Inc.
5.68
1.38
32.09%
FLL
Full House Resorts
2.42
-2.86
-54.17%
GDEN
Golden Entertainment
27.26
-4.37
-13.82%
INSE
Inspired Entertainment
8.88
-1.34
-13.11%
MSC
Studio City International Holdings
3.12
-1.04
-24.94%
BALY
Bally's Corporation
14.72
-0.04
-0.27%

High Roller Technologies, Inc. Corporate Events

Business Operations and StrategyProduct-Related Announcements
High Roller Unveils Partnerships to Boost U.S. Prediction Markets
Positive
Jan 21, 2026

On January 15 and 16, 2026, High Roller Technologies, Inc. announced a series of strategic initiatives centered on enhancing user engagement and supporting the launch of its U.S. prediction markets. The company entered into a collaboration with Power Protocol to test Web3-enabled, incentive-driven engagement models across its online casino brands in regulated markets, emphasizing responsible integration of mission-based rewards and behavioral incentives. Over the same two days, High Roller also disclosed letters of intent for strategic marketing partnerships with Lines.com, Forever Network and Leverage Game Media, all aimed at accelerating and amplifying its forthcoming U.S. prediction markets rollout, signaling a concerted push to deepen digital engagement, expand audience reach and open new revenue channels within regulated digital entertainment.

The most recent analyst rating on (ROLR) stock is a Hold with a $12.50 price target. To see the full list of analyst forecasts on High Roller Technologies, Inc. stock, see the ROLR Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
High Roller Technologies Announces Registered Direct Equity Offering
Positive
Jan 21, 2026

On January 19, 2026, High Roller Technologies, Inc. entered into an agreement with ThinkEquity LLC to conduct a registered direct offering of 1,892,506 common shares at $13.21 per share, priced at the NYSE American’s minimum price rules, for expected gross proceeds of about $25 million, with closing anticipated on January 21, 2026, subject to customary conditions. The deal structure includes a 7% cash fee and additional expense allowances to the placement agent, as well as five‑year warrants for ThinkEquity or its designees to purchase up to 94,625 shares at $16.5125 per share; High Roller plans to deploy the net proceeds primarily into sales and marketing, operational costs, product development and diversification, geographic expansion, and general corporate purposes, signaling a capital‑supported push to widen its market footprint and enhance its technology‑driven online casino offering.

The most recent analyst rating on (ROLR) stock is a Hold with a $12.50 price target. To see the full list of analyst forecasts on High Roller Technologies, Inc. stock, see the ROLR Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
High Roller inks strategic U.S. prediction markets partnership
Positive
Jan 14, 2026

On January 12, 2026, High Roller Technologies entered into a binding letter of intent with Crypto.com | Derivatives North America, a CFTC-registered exchange and clearinghouse affiliated with Crypto.com, to form an exclusive strategic partnership to launch event-based prediction markets in the United States using High Roller’s technology. Under the proposed structure, CDNA would list event contracts in areas such as finance, entertainment and sports, which would be offered through HighRoller.com, positioning High Roller for its first major push into the U.S. prediction markets space and aligning it with a prominent derivatives and crypto brand as the sector targets scale in a market projected to reach substantial annual trading volumes; the collaboration, announced publicly on January 14, 2026, remains contingent on negotiation and execution of definitive agreements, with both parties signaling a target product launch in the first quarter of 2026 but cautioning there is no assurance the transaction will be completed.

The most recent analyst rating on (ROLR) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on High Roller Technologies, Inc. stock, see the ROLR Stock Forecast page.

Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
High Roller Technologies Announces Strategic Private Placement Funding
Positive
Jan 9, 2026

On January 8, 2026, High Roller Technologies, Inc. entered into a stock purchase agreement with an accredited investor for a $1 million private placement of 357,143 restricted common shares at $2.80 per share, with closing expected on January 12, 2026, and the proceeds earmarked for working capital and general corporate purposes. The investment, made by Saratoga Casino Holdings LLC in its first move into the online gaming sector, strengthens High Roller’s strategic ties with a major land-based casino operator and underscores confidence in the company’s growth trajectory, while the board also approved an increase in Chief Executive Officer Seth Young’s annual base salary to $330,000, effective January 1, 2026, signaling continued commitment to leadership as the company scales its operations.

The most recent analyst rating on (ROLR) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on High Roller Technologies, Inc. stock, see the ROLR Stock Forecast page.

Business Operations and StrategyM&A Transactions
High Roller Technologies Completes Estonian Online Gambling Acquisition
Positive
Jan 7, 2026

On December 31, 2025, High Roller Technologies, Inc., through its wholly owned Malta subsidiary Deepdive Holdings Ltd., completed the acquisition of 100% of the share capital of Happy Hour Solutions Ltd., which holds a valid remote gambling license from the Estonian Tax and Customs Board. As consideration, Deepdive transferred the casinoroom.com domain and related variations to the seller, consolidating High Roller’s access to regulated online gambling markets, while the transaction also highlighted notable related-party interests, as several shareholders and a director of High Roller hold indirect stakes in the acquired entity and its former parent, though each group’s direct ownership in the listed company remains below 10%.

The most recent analyst rating on (ROLR) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on High Roller Technologies, Inc. stock, see the ROLR Stock Forecast page.

Business Operations and StrategyM&A Transactions
High Roller Technologies Acquires Happy Hour Solutions Casino Assets
Positive
Dec 23, 2025

On December 23, 2025, High Roller Technologies, Inc., through its Malta-based subsidiary Deepdive Holdings Ltd., agreed to acquire 100% of Happy Hour Solutions Ltd., which holds a valid remote gambling license from the Estonian Tax and Customs Board, and will also receive the casinoroom.com domain and related variations, with the transaction expected to close around December 31, 2025. The deal features notable related-party aspects: Spike Up Media A.B., a shareholder of High Roller that also holds a minority stake in the target, is partly owned by two High Roller directors and two of its largest shareholders, while various High Roller shareholders and one director collectively own about 66% of the target, underscoring significant overlap in ownership between the buyer and the acquired entity.

The most recent analyst rating on (ROLR) stock is a Buy with a $8.00 price target. To see the full list of analyst forecasts on High Roller Technologies, Inc. stock, see the ROLR Stock Forecast page.

Executive/Board ChangesShareholder Meetings
High Roller Technologies Approves Equity Plan Amendment
Neutral
Nov 19, 2025

On November 17, 2025, High Roller Technologies, Inc. held its annual meeting where stockholders approved an amendment to the company’s 2024 Equity Incentive Plan. This amendment increases the number of shares of common stock available for issuance from 1.7 million to 4.2 million. Additionally, stockholders elected six directors to serve until the 2026 annual meeting and ratified the appointment of WithumSmith+Brown, PC as the independent registered public accounting firm for the fiscal year ending December 31, 2025.

The most recent analyst rating on (ROLR) stock is a Buy with a $8.00 price target. To see the full list of analyst forecasts on High Roller Technologies, Inc. stock, see the ROLR Stock Forecast page.

Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
High Roller Technologies Appoints New Chief Operating Officer
Positive
Nov 12, 2025

On November 10, 2025, High Roller Technologies appointed Jake Francis as Chief Operating Officer, effective November 12, 2025. Francis, who has extensive experience in operations and compliance in the gaming industry, previously consulted for the company and held senior roles at BlueBet, Hard Rock Hotel & Casino, NYX Gaming Group, and Penn Entertainment. High Roller Technologies also reported its Q3 2025 financial results, achieving its first quarterly profit as a public company. The company reported $6.3 million in revenue, increased gross margins, and positive adjusted EBITDA of $622,000. The results highlight strategic efforts in cost reduction, market focus, and operational efficiency, with plans for market expansion and product diversification.

The most recent analyst rating on (ROLR) stock is a Buy with a $8.00 price target. To see the full list of analyst forecasts on High Roller Technologies, Inc. stock, see the ROLR Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Feb 04, 2026