NYSE:ROLR

High Roller Reports Q1 2025 Results

Published

7 months ago

May 15, 2025

	●	Q1 2025 revenue increased 4% YoY to $6,770,886

	●	Commenced reorganization and strategic shift to regulated market operating profile

	●	Successfully submitted initial licensing application to access Ontario’s regulated online gambling market

Las Vegas, Nevada, May 15, 2025 (GLOBE NEWSWIRE) — High Roller Technologies (“High Roller” and the “Company”) (NYSE: ROLR), operator of premium online casino brands High Roller and Fruta, today reported its financial results for the first quarter ended March 31, 2025. High Roller currently offers more than 5,300 games from over 90 game providers, representing one of the widest online casino game portfolios in the world, including video slots, blackjack, roulette, baccarat, craps, video poker, and more.

Ben Clemes, Chief Executive Officer at High Roller Technologies, commented, “Beginning in Q1 and leading into Q2, we began executing against a strategic plan and staff reorganization to focus exclusively on high-potential regulated markets. We expect this will lower both operating cost and risk, and position the Company for scalable, sustainable long-term growth. While we experienced modest revenue growth as compared to Q1 2024 and we acknowledge the widened operating loss, we expect to increase our cash flow and margin in the second half of 2025 commensurate with the ongoing strategic plan.”

As part of this strategic plan, High Roller has started the process of winding down operations in the last remaining non-growth markets. Additionally, the Company has commenced its preparations to focus on regulated market opportunities in Canada and Finland, highlighted by the completion and submission of the Company’s initial licensing application in Ontario. Subject to licensure and regulatory approval, the Company plans to launch operations in Ontario in H2 2025, significantly expanding its total addressable revenue opportunity.

“Launching in Ontario is our first step into North America,” said Clemes. “We’re also thrilled to see Alberta take action to open a competitive regulated market. The momentum we built towards the end of Q1 has carried into Q2, and we’re gaining strength.”

Q1 2025 Highlights

	●	The Company strengthened its leadership team with the hiring of industry veterans Emily Micallef (Chief of Staff), and Seth Young (SVP Corporate Strategy & Investor Relations).

	●	Successfully submitted its initial licensing application to enter the Ontario online gambling market.

	●	Added 761 new games, bringing its leading portfolio to over 5,300 games from over 90 providers.

	●	In Q1 we had nearly 30,000 active users, a 34% increase from the previous corresponding period.

	●	Significantly decreased direct operating expenses due to lower third-party affiliate costs

	●	Commenced a brand refresh and revitalization of High Roller and Fruta in anticipation of regulated market expansion

	●	Commenced re-optimization and reallocation of marketing spend leading into Q2

First Quarter 2025 Financial Summary

	●	The Company reported total revenue of $6.8 million for the first quarter ended March 31, 2025, an increase of 4%, as compared to $6.5 million during the same quarter that ended March 31, 2024

	●	The net loss was $3.3 million for the three months ended March 31, 2025, as compared to net loss of $1.8 million for the first quarter ended March 31, 2024.

	●	The Company reported a net loss per share of $ (0.39) for the three months ended March 31, 2025, compared to net loss per share of $ (0.26) for the three months ended March 31, 2024.

	●	Cash and cash equivalents totaled $4.5 million, $1.0 million of which is restricted, for the three months ended March 31, 2025.

Financial Results

Additional information with respect to the Company’s business, operations and financial condition as of and for the three months ended March 31, 2025 is contained in the Company’s Quarterly Report on Form 10-Q for the three month period ended March 31, 2025, which has been filed with the U.S. Securities and Exchange Commission (the “SEC”) at www.sec.gov.

About High Roller Technologies, Inc.

High Roller Technologies, Inc. is a leading global online gaming operator known for its innovative casino brands, High Roller and Fruta, listed under the ticker ROLR on the NYSE. The Company delivers a cutting-edge real-money online casino platform that is intuitive and user-friendly. With a diverse portfolio of over 5,000 premium games from more than 90 leading game providers, High Roller Technologies serves a global customer base, offering an immersive and engaging gaming experience in the rapidly expanding multi-billion iGaming industry. The online casino features enhanced search engine optimization, machine learning, seamless direct API integrations, faster load times, and superior scalability.

As an award-winning operator, High Roller Technologies continues to redefine the future of online gaming through innovation, performance, and a commitment to excellence. For more information, please visit the High Roller Technologies, Inc. investor relations website, X, Facebook, and LinkedIn pages.

Forward Looking Statements

Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include such factors as discussed throughout Part I, Item 1A. Risk Factors and Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations of our Annual Report on Form 10-K for the year ended December 31, 2024 and throughout Part I, Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations and in Part II, Item 1A. Risk Factors of our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Contact:
[email protected]
800-460-1039

HIGH ROLLER TECHNOLOGIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
(Unaudited)

	For the Three Months Ended
	March 31,
(in thousands, except share and per share data)	2025			2024

Revenues, net	$	6,771		$	6,507

Operating expenses
Direct operating costs:
Related party		447			752
Other		2,233			2,577
General and administrative:
Related party		2			17
Other		2,800			2,689
Advertising and promotions:
Related party		726			193
Other		3,412			1,844
Product and software development:
Related party		—			90
Other		363			170
Total operating expenses		9,983			8,332
Loss from operations		(3,212	)		(1,825	)

Other expenses
Interest expense, net		(46	)		(26	)
Other (expense) income		(1	)		2
Total other expenses		(47	)		(24	)

Loss before income taxes		(3,259	)		(1,849	)
Income tax expense		17			—
Net loss	$	(3,276	)	$	(1,849	)

Other comprehensive income (loss)
Foreign currency translation adjustment		48			(88	)
Comprehensive loss	$	(3,228	)	$	(1,937	)

Net loss per common share:
Net loss per common share – basic and diluted	$	(0.39	)	$	(0.26	)
Weighted average common shares outstanding – basic and diluted		8,374,928			6,992,893

HIGH ROLLER TECHNOLOGIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS

	As of March 31,			As of December 31,
(in thousands, except share and per share data)	2025			2024
	(Unaudited)
Assets
Current assets
Cash and cash equivalents	$	3,543		$	6,869
Restricted cash		990			1,085
Prepaid expenses and other current assets		803			825
Total current assets		5,336			8,779
Due from affiliates		1,056			1,624
Property and equipment, net		388			372
Operating lease right-of-use asset, net		902			910
Intangible assets, net		5,091			4,899
Other assets		47			41
Total assets	$	12,820		$	16,625

Liabilities and stockholders’ equity
Current liabilities
Accounts payable	$	1,504		$	1,560
Accrued expenses		4,056			4,307
Player liabilities		1,074			662
Due to affiliates		2,442			3,406
Short-term unsecured notes payable to stockholders		—			90
Operating leases obligation, current		206			143
Total current liabilities		9,282			10,168
Other liabilities		24			7
Operating lease obligation, noncurrent		713			729
Total liabilities		10,019			10,904
Stockholders’ equity
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued and outstanding as of March 31, 2025 and December 31, 2024		—			—
Common stock, $0.001 par value; 60,000,000 shares authorized; 8,375,350 shares and 8,350,882 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively		8			8
Additional paid-in capital		31,865			31,557
Accumulated deficit		(30,419	)		(27,143	)
Accumulated other comprehensive income		1,347			1,299
Total stockholders’ equity		2,801			5,721
Total liabilities and stockholders’ equity	$	12,820		$	16,625

NYSE:ROLR

High Roller Strengthens Leadership Team, Appointing Carlo Scappaticci as Chief Marketing Officer and Frances Cong as Director of Marketing

Published

4 days ago

December 4, 2025

GlobeNewswire

high-roller-strengthens-leadership-team,-appointing-carlo-scappaticci-as-chief-marketing-officer-and-frances-cong-as-director-of-marketing

Las Vegas, Nevada, Dec. 04, 2025 (GLOBE NEWSWIRE) — High Roller Technologies (“High Roller” and the “Company”) (NYSE: ROLR), operator of the award-winning, premium online casino brands High Roller, Fruta, and Kassuuu, today announced the promotion of Carlo Scappaticci to Chief Marketing Officer and hiring of Frances Cong as Director of Marketing, effective immediately.

“We’re thrilled to promote Carlo to our corporate leadership team in this highly impactful role,” commented Seth Young, Chief Executive Officer at High Roller. “Carlo brings a deep understanding of consumer behavior and offers a bold vision to strengthen our brand, accelerate growth, and elevate the customer experience across all markets. His proven track record of success in driving innovative, data-driven marketing programs brings our leadership team from strength to strength.”

High Roller has appointed Scappaticci to lead its marketing strategy, brand development, customer engagement, and growth initiatives as the company expands into new regulated markets.

“My focus is to deliver a user experience that is accessible, elegant, and premium,” commented Scappaticci. “With strong creative, smart segmentation, and data-driven personalization, I am confident we will continue to execute as we focus on growing market share across all our operating segments.”

Prior to joining High Roller as Managing Director, Canada, in Q2 2025, Scappaticci served as Vice President of Marketing at WynnBet, and as Vice President of Marketing at Pala Interactive, supporting its acquisition by Boyd Gaming in 2022. Scappaticci also served as CMO at Askott Entertainment, and as Marketing Director at DafaBet. Across his 20-plus-year iGaming career, he has scaled global teams, built growth frameworks, and developed partnership programs that improved customer experience.

High Roller has further strengthened its organization by appointing Frances Cong as Director of Marketing. Prior to joining High Roller, Cong served as CRM and Marketing Director at Boyd Interactive.

About High Roller Technologies, Inc.

High Roller Technologies, Inc. is a leading global online gaming operator known for its innovative casino brands, High Roller, Fruta, and Kassuuu, listed under the ticker ROLR on the NYSE. The Company delivers a cutting-edge real-money online casino platform that is intuitive and user-friendly. With a diverse portfolio of over 6,000 premium games from more than 90 leading game providers, High Roller Technologies serves a global customer base, offering an immersive and engaging gaming experience in the rapidly expanding multi-billion iGaming industry. The online casino features enhanced search engine optimization, machine learning, seamless direct API integrations, faster load times, and superior scalability.

Forward Looking Statements

Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include such factors as discussed throughout Part I, Item 1A. Risk Factors and Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations of our Annual Report on Form 10-K for the year ended December 31, 2024 and throughout Part I, Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations and in Part II, Item 1A. Risk Factors of our Quarterly Report on Form 10-Q for the quarter ended September 30, 2025. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Contact
[email protected]
800-460-1039

NYSE:ROLR

High Roller to Participate at Benchmark 14th Annual Discovery One-on-One Conference

Published

3 weeks ago

November 19, 2025

GlobeNewswire

high-roller-to-participate-at-benchmark-14th-annual-discovery-one-on-one-conference

Las Vegas, Nevada, Nov. 19, 2025 (GLOBE NEWSWIRE) — High Roller Technologies (“High Roller” and the “Company”) (NYSE: ROLR), operator of the award-winning, premium online casino brands High Roller, Fruta, and Kassuuu, today announced that management will participate at the Benchmark 14^th Annual Discovery One-on-One Conference being held December 4^th, 2025 at the New York Athletic Club, New York, NY.

During the event, Seth Young, Chief Executive Officer of High Roller, will be available for one-on-one meetings with investors throughout the day to discuss the Company’s strategic growth initiatives, market expansion plans, and forward-looking outlook for 2026.

High Roller continues to strengthen its leadership position in the global online gaming industry through a commitment to innovation, player experience, and responsible gaming practices.

About High Roller Technologies, Inc.

Forward Looking Statements

Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include such factors as discussed throughout Part I, Item 1A. Risk Factors and Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations of our Annual Report on Form 10-K for the year ended December 31, 2024 and throughout Part I, Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations and in Part II, Item 1A. Risk Factors of our Quarterly Report on Form 10-Q for the quarter ended September 30, 2025. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Contact
[email protected]
800-460-1039

NYSE:ROLR

High Roller Announces Appointment of Jake Francis as Chief Operating Officer

Published

4 weeks ago

November 12, 2025

GlobeNewswire

high-roller-announces-appointment-of-jake-francis-as-chief-operating-officer

Las Vegas, Nevada, Nov. 12, 2025 (GLOBE NEWSWIRE) — High Roller Technologies (“High Roller” and the “Company”) (NYSE: ROLR), operator of the award-winning, premium online casino brands High Roller, Fruta, and Kassuuu, today announced the appointment of Jake Francis as Chief Operating Officer, effective immediately, replacing Emily Micallef who moves into an advisory role.

“On behalf of the entire High Roller organization, it is my privilege to thank Emily for her leadership and dedication during her tenure as COO and Chief of Staff,” commented Seth Young, Chief Executive Officer at High Roller. “We wish Emily great success in her future endeavors.”

“We’re thrilled to welcome Jake to the team,” said Young. “Jake brings nearly two decades of technical, regulatory, and operational experience to our leadership team. I have no doubt that Jake’s experience, passion, and work ethic will have an immediate and highly positive impact on our organization.”

Prior to joining High Roller, Francis served as Senior Vice President of Operations for BlueBet, Senior Director, Operations at Penn Entertainment, Director of Internet Gaming Compliance at Hard Rock, and worked in risk management at NYX Gaming Group. Jake started his career in 2007 as a regulator, working as Auditor, Bureau of Gaming Operations, at the Pennsylvania Gaming Control Board.

Jake holds a M.B.A. in Business Strategy from the Fox School of Business at Temple University, a B.S. in Marketing from Lehigh University, and is a Certified Six Sigma Black Belt (CSSBB).

Commenting on his new role, Francis said, “I’m honored to join High Roller at such an impactful time in the company’s journey. The company has a strong foundation that I’m excited to continue building upon, and I look forward to doing my part to ensure that we are delivering both world-class experiences for our players, and sustainable value for our shareholders.”

About High Roller Technologies, Inc.

Forward Looking Statements

Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include such factors as discussed throughout Part I, Item 1A. Risk Factors and Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations of our Annual Report on Form 10-K for the year ended December 31, 2024 and throughout Part I, Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations and in Part II, Item 1A. Risk Factors of our Quarterly Report on Form 10-Q for the quarter ended September 30, 2025. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Contact

[email protected]
800-460-1039