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High Roller Technologies, Inc.
(NYSE MKT:ROLR)
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Rating:51Neutral
Price Target:
$6.00
▲(275.00% Upside)
Action:Reiterated
Date:07/02/26
The score is held back primarily by weakening fundamentals—declining TTM revenue, negative operating profitability, and negative operating/free cash flow—despite low leverage. Offsetting factors include a reasonable P/E valuation, supportive corporate developments (regulatory milestone and restored listing compliance), and technicals that are neutral with longer-term trend support but limited near-term momentum.
Positive Factors
Conservative Leverage
Very low TTM debt-to-equity (~0.03) materially reduces financial risk and preserves optionality. This balance sheet flexibility supports continued investment in the U.S. rollout or marketing, helps absorb operating cash shortfalls, and lowers refinancing pressure over the next several quarters.
Negative Factors
Declining Revenue Trend
A multi-year pattern of shrinking top-line (TTM down ~16.6%) erodes scale advantages and makes it harder to leverage fixed platform costs. Persistent revenue decline increases customer-acquisition cost pressure and risks undermining investments needed for the U.S. expansion over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Leverage
Very low TTM debt-to-equity (~0.03) materially reduces financial risk and preserves optionality. This balance sheet flexibility supports continued investment in the U.S. rollout or marketing, helps absorb operating cash shortfalls, and lowers refinancing pressure over the next several quarters.
Read all positive factors
High Roller Technologies, Inc. (ROLR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$69.32M
Dividend YieldN/A
Average Volume (3M)12.99K
Price to Earnings (P/E)11.9
Beta (1Y)1.41
Revenue Growth-39.43%
EPS GrowthN/A
CountryUS
Employees57
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.51
Shares Outstanding10,968,987
10 Day Avg. Volume11,924
30 Day Avg. Volume12,993
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 Cap0.44
Enterprise Value/Revenue1.79
Enterprise Value/Gross Profit3.62
Enterprise Value/Ebitda-18.11
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 also operates Frut...
High Roller Technologies, Inc. Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
78
Positive
Cash Flow
30
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 17.05M | 20.45M | 27.88M | 29.68M | 18.49M | 13.45M |
| Gross Profit | 8.46M | 10.84M | 14.94M | 16.03M | 10.95M | 11.93M |
| EBITDA | -1.69M | -1.86M | -5.55M | -2.63M | -2.96M | 1.00M |
| Net Income | 1.00M | 690.00K | -5.92M | -2.82M | -3.06M | 978.45K |
Balance Sheet | ||||||
| Total Assets | 39.28M | 18.52M | 16.63M | 11.79M | 10.84M | 4.80M |
| Cash, Cash Equivalents and Short-Term Investments | 22.45M | 2.08M | 7.95M | 2.09M | 4.15M | 232.96K |
| Total Debt | 798.00K | 807.00K | 962.00K | 0.00 | 73.08K | 63.88K |
| Total Liabilities | 7.79M | 8.88M | 10.90M | 9.48M | 10.99M | 4.18M |
| Stockholders Equity | 31.50M | 9.64M | 5.72M | 2.31M | -150.43K | 615.02K |
Cash Flow | ||||||
| Free Cash Flow | -3.10M | -3.28M | -4.38M | 133.00K | 1.70M | -135.50K |
| Operating Cash Flow | -2.62M | -3.23M | -3.91M | 762.00K | 1.80M | 633.39K |
| Investing Cash Flow | -1.63M | -1.56M | -471.00K | -629.00K | 222.55K | -768.89K |
| Financing Cash Flow | 23.77M | -90.00K | 7.68M | -336.00K | 400.00K | -35.27K |
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 3 New Risks
1.
We are subject to regulatory risks associated with event-based derivative contracts, which are subject to evolving and uncertain regulatory frameworks. Q1, 2026
2.
Our role as a guaranteed introducing broker subjects us to regulatory obligations and potential liability. Q1, 2026
3.
We are exposed to counterparty risk and reputational risk associated with our collaboration partners. Q1, 2026
High Roller Technologies, Inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | $189.93M | -11.94 | 147.77% | ― | 1.31% | -123.26% | |
53 Neutral | $97.55M | -2.51 | -473.31% | ― | 1.53% | 3.65% | |
51 Neutral | $69.32M | 11.87 | 7.94% | ― | -39.43% | ― | |
49 Neutral | $383.50M | -2.17 | -10.84% | ― | 9.05% | 59.31% | |
47 Neutral | $599.62M | -0.91 | -115.26% | ― | 16.60% | -75.69% |
* General Sector Average
ROLR
High Roller Technologies, Inc.
6.05
2.92
93.29%
FLL
Full House Resorts
2.69
-1.81
-40.22%
INSE
Inspired Entertainment
7.09
-1.86
-20.78%
MSC
Studio City International Holdings
1.84
-2.84
-60.79%
BALY
Bally's Corporation
12.30
1.21
10.91%
High Roller Technologies, Inc. Corporate Events
Executive/Board ChangesShareholder Meetings
High Roller Technologies Holds 2026 Annual Shareholder Meeting
Positive
Jul 1, 2026
On June 30, 2026, High Roller Technologies, Inc. held its 2026 annual meeting of stockholders, where shareholders elected six directors, each to serve until the 2027 annual meeting and until their successors are duly elected and qualified. The mee...
Business Operations and StrategyRegulatory Filings and Compliance
High Roller Advances U.S. Rollout with NFA Approval
Positive
Jun 29, 2026
On June 26, 2026, High Roller Technologies, Inc., a NYSE-listed online gaming and prediction markets operator, announced that its subsidiary ROLR US LLC has been approved as a National Futures Association member and registered as a guaranteed intr...
Regulatory Filings and ComplianceShareholder Meetings
High Roller Sets 2026 Annual Meeting, Proxy Deadlines
Neutral
Apr 22, 2026
High Roller Technologies, Inc. has scheduled its next annual meeting of stockholders for June 30, 2026, a date that differs by more than 30 days from the prior year’s meeting, thereby resetting the timetable for shareholder proposals and dir...
Business Operations and StrategyProduct-Related Announcements
High Roller Technologies Advances into U.S. Prediction Markets
Positive
Apr 20, 2026
On April 14, 2026, High Roller Technologies, Inc., a NYSE-listed online gaming operator behind the High Roller and Fruta casino brands, moved to extend its reach beyond traditional iGaming by signing a Mutual Collaboration Agreement with Crypto.co...
Delistings and Listing ChangesRegulatory Filings and Compliance
High Roller Technologies Restores NYSE American Listing Compliance
Positive
Apr 2, 2026
On March 31, 2026, High Roller Technologies, Inc., a global online casino operator behind the High Roller and Fruta brands, was notified by NYSE American that it had regained compliance with the exchange’s continued listing standards after p...
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.