NYSE:ROLR
High Roller Reports Q1 2025 Results

● | 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 Launches New Online Casino Brand in Finland

New localized casino brand Kassuuu embraces Finnish-slang, culture, and player-first entertainment
Las Vegas, Nevada, Sept. 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 and Fruta, today announced the launch of Kassuuu, a new online casino brand developed specifically for the Finnish market.
The brand’s name is drawn from Finnish slang: Kassu means casino, while KASSUUU! evokes the triumphant cheer of victory. This spirit is embodied in the Kassuuu Jackpot, a unique branded feature available on selected games, designed to amplify excitement while remaining clearly presented to players.
“Kassu means casino, and KASSUUU is what you yell when a jackpot lands,” said Sara Nunes, Managing Director & Chief Commercial Officer, Finland. “We built the brand to capture that moment of excitement while keeping everything else straightforward with plain language offers, responsible gaming features, and jackpots that earn the triple U.”
Kassuuu differentiates itself in Finland’s iGaming market with:
- Localized experience: Finnish language and humor
- Story-driven engagement: Weekly promotional cadence featuring recurring characters (Eetu, Sami, Rane, and Otto) that set a clear rhythm for offers.
- Trusted payments: Fast, secure, and locally familiar payment solutions
- Premium positioning: “Everyday luxury” as the guiding principle for VIP and player rewards
- Responsible play: Transparent terms, visible limits, and prominent support links.
Kassuuu’s tone combines clarity and approachability with a strong emphasis on trust. By embedding responsible play and plain-language communication into its platform, High Roller aims to establish Kassuuu as a safe, transparent, and engaging choice for Finnish players.
“Launching Kassuuu is an important milestone in High Roller’s commitment to providing localized entertainment experiences,” added Nunes. “We’re excited to bring a brand to Finland that not only reflects the local culture and humor, but also builds lasting trust with our valued customers.”
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.
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 June 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
800-460-1039
NYSE:ROLR
High Roller Names Seth Young CEO in Planned Leadership Transition

Las Vegas, Nevada, Aug. 27, 2025 (GLOBE NEWSWIRE) — High Roller Technologies (“High Roller” and the “Company”) (NYSE: ROLR), operator of the award-winning, premium online casino brands High Roller and Fruta, today announced that its Board of Directors has named Seth Young as the Company’s next Chief Executive Officer in a planned leadership transition effective September 1st, succeeding Ben Clemes.
Mr. Clemes, who has served as CEO since 2024, is stepping down from his role to devote more time to his family. Under his leadership, High Roller achieved a long list of accomplishments, and Clemes leaves the company well-positioned for its next chapter of growth.
“It has been an honor and a privilege to serve as High Roller’s CEO, and my decision to step away comes at a time when the Company is healthy,” said Clemes. “I’m proud of what we have accomplished together and I’m confident that Seth is the right leader to guide High Roller forward. I’m looking forward to focusing more on my family while knowing that the business is in strong hands.”
Mr. Young, who previously served as Chief Strategy Officer at High Roller, has been working closely with Mr. Clemes and the leadership team to ensure a smooth transition. He brings more than 20 years of experience in gaming to the role, and is recognized for his vision, operational discipline, and leadership.
“I want to thank Ben for his dedication, his achievements, and his thoughtful approach to this transition,” said Young. “Because of his leadership, the Company is positioned for growth and success, and I’m excited to continue building on the foundation he built to drive future growth and value for our shareholders, employees, and customers.”
The Board of Directors expressed its appreciation for Mr. Clemes’ tenure as CEO and his contributions to the Company’s success.
“Ben has been an outstanding leader who guided High Roller through critical growth phases and positioned the Company for long-term success,” said Michael Cribari, Chairman. “We are grateful for his service and for ensuring a seamless transition. We’re thrilled to welcome Seth to the role of CEO with full confidence in his ability to lead High Roller into the future.”
Prior to joining High Roller, Young served as Chief Innovation Officer at PointsBet where he was responsible for strategic corporate development efforts including fundraising, partnerships, government and regulatory affairs, product development, M&A initiatives, and more. Young previously served as Chief Operating Officer at FSG Digital, Executive Director of Online Gaming at Foxwoods Resort Casino, and other executive roles throughout his career. Young currently serves on the board of directors for Kinectify, EQL Games, and Kindbridge Behavioral Health.
Young was the recipient of the Innovation Group’s 2018 Emerging Leaders of Gaming Award and was named to Global Gaming Business Magazine’s 40 Under 40 in the same year. Young holds a Bachelor’s degree in Political Science, with a double minor in Internet Studies and Legal Studies, from Brandeis University, and attended Harvard Business School for Mergers and Acquisitions, Strategy, Execution, and Post-Merger Management.
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 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.
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 June 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 NYSE Acceptance of Plan to Regain Listing Compliance

Las Vegas, Nevada, Aug. 22, 2025 (GLOBE NEWSWIRE) — High Roller Technologies (“High Roller” and the “Company”) (NYSE: ROLR), operator of the award-winning, premium online casino brands High Roller and Fruta, today announced that the Company’s plan to regain compliance with NYSE American’s continued listing standards had been accepted by the NYSE American LLC.
On June 4, 2025, the Company was notified by NYSE American LLC that, due to the Company’s reporting of stockholders’ equity of approximately $2.8 million at March 31, 2024, and the Company’s reported losses from continuing operations and/or net losses in three of its four most recent fiscal years ended December 31, 2024, the Company was not in compliance with the NYSE American’s continued listing requirements.
The Company was required to submit a plan to NYSE American by July 4, 2025, addressing how it intends to regain compliance with the continued listing standards with Sections 1003(a)(i), 1003(a)(ii), and 1003(a)(iii) of the Company Guide within 18 months of the receipt of the notice, or December 4, 2026. The Company submitted a plan prior to the deadline.
On August 19, 2025, the Company received notice from NYSE American that it had accepted the Company’s plan and granted a plan period through December 4, 2026. During the plan period, the Company will be subject to periodic monitoring for compliance with the plan. If the Company does not regain compliance with NYSE American’s listing standards by December 4, 2026, or if the Company does not make progress consistent with its plan, then NYSE American may initiate delisting proceedings.
The Company’s stock will continue to be listed on the NYSE American during the plan period pursuant to an extension. The Company’s receipt of such notification from the NYSE American does not affect the Company’s business, operations, or reporting requirements with the U.S. Securities and Exchange Commission.
The Company can provide no assurances that it will be able to make progress with respect to its plan that NYSE American will determine to be satisfactory, that it will regain compliance with Section 1003(a)(ii) of the Company Guide on or before the expiration of the plan period, or that developments and events occurring subsequent to the Company’s formulation of the plan or its acceptance by the NYSE American will not adversely affect the Company’s ability to make sufficient progress and/or regain compliance with Section 1003(a)(ii) of the Company Guide on or before the expiration of the plan period or result in the Company’s failure to be in compliance with other NYSE American continued listing standards.
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 5,600 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 June 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
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