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High Roller Technologies, Inc.
(ROLR)
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Rating:49Neutral
Price Target:
$5.00
▼(-21.51% Downside)
Action:Reiterated
Date:10/24/26
The score is held back primarily by weakening financial performance (declining revenue, losses, and significant negative operating/free cash flow). Technicals also lean soft with price below key longer-term moving averages and a negative MACD. Offsetting factors include a moderate P/E and improved strategic positioning from regulatory milestones and a strengthened cash balance, plus the recent platform launch catalyst—though execution risk remains high.
Positive Factors
U.S. Prediction Markets Launch
The commercial launch establishes a new operating platform in U.S. prediction markets, expanding beyond the legacy online casino business. Beginning revenue contribution in the fourth quarter creates a potential growth avenue and gives the company an opportunity to build scale around its regulatory and technology investments.
Negative Factors
Sharp Revenue Decline
The deliberate withdrawal from selected casino markets has materially reduced the current revenue base while the company transitions toward prediction markets. Until the new platform replaces that lost activity, weaker scale can limit operating leverage and leave the business more dependent on successful execution of the new strategy.
Read all positive and negative factors
Positive Factors
Negative Factors
U.S. Prediction Markets Launch
The commercial launch establishes a new operating platform in U.S. prediction markets, expanding beyond the legacy online casino business. Beginning revenue contribution in the fourth quarter creates a potential growth avenue and gives the company an opportunity to build scale around its regulatory and technology investments.
Read all positive factors
High Roller Technologies, Inc. (ROLR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$52.57M
Dividend YieldN/A
Average Volume (3M)54.04K
Price to Earnings (P/E)13.3
Beta (1Y)1.28
Revenue Growth-55.87%
EPS GrowthN/A
CountryUS
Employees57
SectorGeneral
Sector StrengthN/A
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)0.36
Shares Outstanding11,020,628
10 Day Avg. Volume83,069
30 Day Avg. Volume54,042
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)1.80
Price to Sales (P/S)0.85
P/FCF Ratio-5.29
Enterprise Value/Market Cap0.89
Enterprise Value/Revenue3.63
Enterprise Value/Gross Profit7.67
Enterprise Value/Ebitda-13.57
Forecast
1Y Price Target
$20.00Price Target Upside213.97% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-1.41
Revenue Forecast (FY)$14.12M
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 also operates Frut...
High Roller Technologies, Inc. Earnings Call Summary
Earnings Call Date:Aug 11, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Dec 09, 2026
Earnings Call Sentiment Neutral
Balanced view: the company has achieved meaningful strategic and regulatory milestones (NFA approval, introducing broker registration, brand and partnership agreements) and significantly strengthened its balance sheet (cash $80M), positioning it to pursue the prediction markets opportunity. However, near-term financials show a pronounced revenue decline (-52% YoY), larger operating and net losses, negative adjusted EBITDA expansion, and increased operating and investing cash usage tied to the transition. Execution and timing risks related to technology integration, compliance and competitive dynamics remain significant.Positive Updates
Regulatory Approvals Achieved
Received National Futures Association (NFA) membership approval and registered as a guaranteed introducing broker — an important regulatory milestone required for planned U.S. commercial launch.
Negative Updates
Sharp Revenue Decline Year-over-Year
Net revenues for Q2 2026 were $2.8M versus $5.8M in Q2 2025, a decrease of $3.0M or 52%, primarily reflecting the company's exit from certain online casino markets and a more focused marketing strategy.
Read all updates
Q2-2026 Updates
Positive
Negative
Regulatory Approvals Achieved
Received National Futures Association (NFA) membership approval and registered as a guaranteed introducing broker — an important regulatory milestone required for planned U.S. commercial launch.
Read all positive updates
Company Guidance
Management reiterated it remains on track for its target commercial launch (no date given) and will “stage spending against milestones and operating data,” scaling customer-acquisition investment only as the product and funnel prove out; operational progress cited includes NFA membership and guaranteed introducing broker registration, acquisition of ROLR.com and a free-to-trade challenge with a $25 million headline prize, addition to the Russell Microcap Index, and finalized agreements with Crypto.com, Lines.com, Forever Network and Leverage Game Media. On the Q2 financials they reported net revenues of $2.8M (down 52% from $5.8M y/y), total operating expenses $5.3M (down 26% from $6.9M), loss from operations $2.5M (vs $1.1M), net loss from continuing operations $2.3M or $0.22 per share (vs $1.2M or $0.14), and adjusted EBITDA of negative $1.8M (vs negative $0.2M). For the first half, net cash used in operating activities was $5.9M (vs $4.4M), net cash used in investing activities was $1.9M (vs $0.3M) with roughly $1.6M tied to prediction-market build (capitalized software/licensing), and the balance sheet showed $80M cash at 6/30/26 (vs $2.1M at 12/31/25) and $29.6M stockholders’ equity (vs $9.6M); management also cited third‑party estimates of ~ $1.5T annual contract trading volume by 2030 and a ~$50B TAM by 2030.High Roller Technologies, Inc. Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
76
Positive
Cash Flow
26
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.92M | 20.45M | 27.88M | 29.68M | 18.49M | 13.45M |
| Gross Profit | 6.12M | 10.84M | 14.94M | 16.03M | 10.95M | 11.93M |
| EBITDA | -3.46M | -1.86M | -5.55M | -2.63M | -2.96M | 1.00M |
| Net Income | -778.00K | 690.00K | -5.92M | -2.82M | -3.06M | 978.45K |
Balance Sheet | ||||||
| Total Assets | 36.74M | 18.52M | 16.63M | 11.79M | 10.84M | 4.80M |
| Cash, Cash Equivalents and Short-Term Investments | 18.01M | 2.08M | 7.95M | 2.09M | 4.15M | 232.96K |
| Total Debt | 688.00K | 807.00K | 962.00K | 0.00 | 73.08K | 63.88K |
| Total Liabilities | 7.11M | 8.88M | 10.90M | 9.48M | 10.99M | 4.18M |
| Stockholders Equity | 29.63M | 9.64M | 5.72M | 2.31M | -150.43K | 615.02K |
Cash Flow | ||||||
| Free Cash Flow | -4.87M | -3.28M | -4.38M | 133.00K | 1.70M | -135.50K |
| Operating Cash Flow | -4.66M | -3.23M | -3.91M | 762.00K | 1.80M | 633.39K |
| Investing Cash Flow | -3.14M | -1.56M | -471.00K | -629.00K | 222.55K | -768.89K |
| Financing Cash Flow | 23.82M | -90.00K | 7.68M | -336.00K | 400.00K | -35.27K |
High Roller Technologies, Inc. Technical Analysis
Negative
6.37
Price Trends
5.61
Negative
5.93
Negative
5.99
Negative
Market Momentum
-0.18
Negative
41.27
Neutral
43.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ROLR, the sentiment is Negative. The current price of 6.37 is above the 20-day moving average (MA) of 4.89, above the 50-day MA of 5.61, and above the 200-day MA of 5.99, indicating a bearish trend. The MACD of -0.18 indicates Negative momentum. The RSI at 41.27 is Neutral, neither overbought nor oversold. The STOCH value of 43.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ROLR.
High Roller Technologies, Inc. Risk Analysis
High Roller Technologies, Inc. disclosed 53 risk factors in its most recent earnings report. High Roller Technologies, Inc. reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
High Roller Technologies, Inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $418.78M | 64.23 | 31.40% | ― | 6.33% | -150.96% | |
65 Neutral | $3.78B | 53.06 | 20.44% | ― | 34.29% | 14.69% | |
56 Neutral | $18.87B | -63.00 | -26.30% | ― | 15.03% | 46.89% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | $1.75B | 9.60 | 28.84% | 9.58% | 0.65% | -5.40% | |
50 Neutral | $83.82M | -10.04 | 70.68% | ― | -6.73% | -114.46% | |
49 Neutral | $52.57M | 13.25 | -4.02% | ― | -55.87% | ― |
* General Sector Average
ROLR
High Roller Technologies, Inc.
4.77
1.74
57.43%
BRSL
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9.50
-6.32
-39.94%
INSE
Inspired Entertainment
3.18
-4.68
-59.54%
DKNG
DraftKings
21.22
-9.94
-31.90%
RSI
Rush Street Interactive
16.30
-2.40
-12.83%
CDRO
Codere Online
9.21
3.12
51.23%
High Roller Technologies, Inc. Corporate Events
Business Operations and StrategyProduct-Related Announcements
High Roller Technologies Launches ROLR U.S. Prediction Platform
Positive
Oct 23, 2026
On October 21, 2026, High Roller Technologies launched ROLR, its real-money prediction markets platform, to eligible U.S. customers following a closed beta that began on September 15, 2026. The rollout marks the company’s formal entry into t...
Business Operations and StrategyRegulatory Filings and Compliance
High Roller updates investor presentation and disclosures
Neutral
Oct 14, 2026
High Roller Technologies, Inc. has updated its investor presentation and made it available through its website and a recent Form 8-K filing, signaling an effort to refresh and standardize the information it provides in meetings with investors, ana...
Business Operations and StrategyProduct-Related AnnouncementsRegulatory Filings and Compliance
High Roller Clarifies Mistaken Prediction Markets Launch Email
Negative
Oct 13, 2026
On Friday, October 9, 2026, High Roller Technologies disclosed that its marketing department had erroneously emailed a select group of individuals, implying that the company would launch its prediction markets product during the week of October 12...
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.