High Roller Technologies, Inc. (ROLR)
XASE:ROLR
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High Roller Technologies, Inc.
(NYSE MKT:ROLR)
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Rating:48Neutral
Price Target:
$3.00
▲(87.50% Upside)
Action:ReiteratedDate:03/11/26
The score is primarily held back by weak recent financial performance (sharp 2025 revenue decline, negative EBITDA, and materially negative operating/free cash flow). Technicals are also soft with bearish near-term signals. Offsetting factors are a relatively improved/low-leverage balance sheet and positive corporate developments (partnerships, acquisition, and fresh funding), while valuation is only middling given the risk profile and lack of dividend support.
Positive Factors
Low leverage & stronger equity
The company’s low debt-to-equity in 2024–2025 and a materially improved equity base reduce solvency risk and give strategic flexibility. This durable balance-sheet strength supports investment in product rollout, absorbs operating volatility, and increases staying power during a multi-quarter recovery cycle.
Negative Factors
Sharp revenue decline & negative EBITDA
Sustained negative EBITDA and a steep ~27% revenue drop in 2025 signal that core revenue drivers and operating leverage are impaired. This structural weakness limits the company's ability to self-fund growth, demonstrates unstable demand, and raises the risk that margins will remain under pressure absent durable product or market-share recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage & stronger equity
The company’s low debt-to-equity in 2024–2025 and a materially improved equity base reduce solvency risk and give strategic flexibility. This durable balance-sheet strength supports investment in product rollout, absorbs operating volatility, and increases staying power during a multi-quarter recovery cycle.
Read all positive factors
High Roller Technologies, Inc. (ROLR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$34.96M
Dividend YieldN/A
Average Volume (3M)12.99K
Price to Earnings (P/E)25.2
Beta (1Y)0.85
Revenue Growth3.80%
EPS Growth59.04%
CountryUS
Employees59
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)0.43
Shares Outstanding10,890,098
10 Day Avg. Volume11,924
30 Day Avg. Volume12,993
Financial Highlights & Ratios
PEG Ratio-0.17
Price to Book (P/B)1.80
Price to Sales (P/S)0.85
P/FCF Ratio-5.29
Enterprise Value/Market Cap0.74
Enterprise Value/Revenue1.26
Enterprise Value/Gross Profit2.38
Enterprise Value/Ebitda-4.40
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
High Roller Technologies, Inc. Business Overview & Revenue Model
Company Description
High 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...
High Roller Technologies, Inc. Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
63
Positive
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 20.45M | 27.88M | 29.68M | 18.49M | 13.45M |
| Gross Profit | 10.84M | 14.94M | 16.03M | 10.95M | 11.93M |
| EBITDA | -5.36M | -5.55M | -2.63M | -2.96M | 1.00M |
| Net Income | 690.00K | -5.92M | -2.82M | -3.06M | 978.45K |
Balance Sheet | |||||
| Total Assets | 18.52M | 16.63M | 11.79M | 10.84M | 4.80M |
| Cash, Cash Equivalents and Short-Term Investments | 2.08M | 7.95M | 2.09M | 4.15M | 232.96K |
| Total Debt | 807.00K | 962.00K | 0.00 | 73.08K | 63.88K |
| Total Liabilities | 8.88M | 10.90M | 9.48M | 10.99M | 4.18M |
| Stockholders Equity | 9.64M | 5.72M | 2.31M | -150.43K | 615.02K |
Cash Flow | |||||
| Free Cash Flow | -3.28M | -4.38M | 133.00K | 1.70M | -135.50K |
| Operating Cash Flow | -3.23M | -3.91M | 762.00K | 1.80M | 633.39K |
| Investing Cash Flow | -1.56M | -471.00K | -629.00K | 222.55K | -768.89K |
| Financing Cash Flow | -90.00K | 7.68M | -336.00K | 400.00K | -35.27K |
High Roller Technologies, Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | $77.79M | -2.34 | -233.17% | ― | 7.45% | 5.03% | |
56 Neutral | $683.99M | ― | -1.37% | 3.71% | -12.25% | -84.89% | |
53 Neutral | $180.76M | -16.00 | 184.28% | ― | 4.03% | ― | |
48 Neutral | $34.96M | 25.19 | 12.75% | ― | 3.80% | 59.04% | |
47 Neutral | $511.08M | 1.74 | -116.69% | ― | 0.36% | 47.55% | |
40 Neutral | $710.11M | -2.91 | -10.84% | ― | 9.50% | 24.64% |
* Consumer Cyclical Sector Average
ROLR
High Roller Technologies, Inc.
3.21
0.03
0.94%
FLL
Full House Resorts
2.15
-2.03
-48.56%
GDEN
Golden Entertainment
25.91
0.48
1.91%
INSE
Inspired Entertainment
6.68
-1.86
-21.78%
MSC
Studio City International Holdings
3.37
-0.25
-6.91%
BALY
Bally's Corporation
10.53
-1.77
-14.39%
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 Po...
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...
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 ...
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, ...
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 licens...
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.
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