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High Roller Technologies, Inc.
ROLRCIK 0001947210NYSEEmerging GrowthServices-Amusement & Recreation ServicesDelawareFY ends Dec 31
Period
FY 2024
Revenue
—
Net Income
$-5.92M
Total Assets
$16.63M
Equity
$5.72M
Shares Out
10.89M
Op. Cash Flow
$-3.91M
Business
High Roller Technologies, Inc. is a global online gaming operator offering a real money iCasino platform. The company provides an in-house developed, domain-customizable frontend and CMS, a third-party PAM, and a game library of thousands of titles including video slots, table games and live dealer offerings. Its business comprises consumer-facing B2C brands (HighRoller.com, Fruta.com), an affiliate ratings site (CasinoRoom.com), and platform services supported by marketing partnerships and multi-brand deployment. The company distributes its offerings across Pre-regulated and Regulated markets in Europe, Asia‑Pacific and the Americas via direct websites and affiliate/partner channels.
Summary from filing dated 2025-03-21
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|
| Revenues, net | 28 | 30 | |
| Total operating expenses | 34 | 32 | |
| Loss from operations | −6 | −3 | |
| Interest expense, net | −125,000 | −114,000 | |
| Other income | 1,000 | 0 | |
| Total other expenses | −124,000 | −114,000 | |
| Loss before income taxes | −6 | −3 | |
| Income tax expense | 7,000 | 13,000 | |
| Net income (loss) | −6 | −3 | |
| Foreign currency translation adjustment | −167,000 | 54,000 | |
| Comprehensive loss | −6 | −3 | |
| Net loss per common share basic and diluted (in dollars per share) | −0.82 | −0.42 | |
| Weighted average common shares outstanding basic and diluted (in shares) | 7 | 7 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 7 | 2 | — | |
| Restricted cash | 1 | 2 | — | |
| Prepaid expenses and other current assets | 825,000 | 836,000 | — | |
| Total current assets | 9 | 5 | — | |
| Deferred offering costs | 0 | 580,000 | — | |
| Property and equipment, net | 372,000 | 250,000 | — | |
| Operating lease ROU asset | 910,000 | 0 | — | |
| Intangible assets, net | 5 | 5 | — | |
| Other assets | 41,000 | 255,000 | — | |
| Total assets | 17 | 12 | — | |
| Accrued expenses | 4 | 4 | — | |
| Player liabilities | 662,000 | 499,000 | — | |
| Short-term unsecured notes payable to stockholders | 90,000 | 0 | — | |
| Operating lease obligation, current | 143,000 | 0 | — | |
| Total current liabilities | 10 | 9 | — | |
| Other liabilities | 7,000 | 23,000 | — | |
| Operating lease obligation, noncurrent | 729,000 | 0 | — | |
| Total liabilities | 11 | 9 | — | |
| Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued and outstanding as of December 31, 2024 and December 31, 2023 | 0 | 0 | — | |
| Common stock, $0.001 par value; 60,000,000 shares authorized; 8,350,882 shares and 6,967,278 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively | 8,000 | 7,000 | — | |
| Additional paid-in capital | 32 | 22 | — | |
| Accumulated deficit | −27 | −21 | — | |
| Accumulated other comprehensive income | 1 | 1 | — | |
| Total stockholders equity | 6 | 2 | −150,000 | |
| Total liabilities and stockholders equity | 17 | 12 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|
| Amortization and depreciation | 243,000 | 60,000 | |
| Foreign exchange loss (gain) | 34,000 | −1,000 | |
| Noncash interest expense | 129,000 | 114,000 | |
| Noncash lease expense | 189,000 | 22,000 | |
| Change in deferred taxes | 0 | 13,000 | |
| Share-based compensation | 1 | 219,000 | |
| Due from affiliates | −1 | 2 | |
| Prepaid expenses and other current assets | −47,000 | 471,000 | |
| Other assets | 207,000 | 14,000 | |
| Deferred offering costs | 544,000 | 0 | |
| Accounts payable | 927,000 | −692,000 | |
| Accrued expenses | 259,000 | 2 | |
| Player liabilities | 202,000 | 30,000 | |
| Due to affiliates | −461,000 | −986,000 | |
| Other liabilities | −22,000 | −90,000 | |
| Operating lease liabilities | −230,000 | −25,000 | |
| Net cash (used in) provided by operating activities | −4 | 762,000 | |
| Investment in capitalized software | −284,000 | −380,000 | |
| Purchases of property and equipment | −187,000 | −249,000 | |
| Net cash used in investing activities | −471,000 | −629,000 | |
| Payment of offering costs | −863,000 | −336,000 | |
| Proceeds from issuance of debt | 500,000 | 0 | |
| Cash settlement of affiliated debt | −35,000 | 0 | |
| Proceeds from issuance of common stock in initial public offering, net of offering costs | 8 | 0 | |
| Net cash provided by (used in) financing activities | 8 | −336,000 | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 606,000 | 98,000 | |
| Net change in cash, cash equivalents, and restricted cash | 4 | −105,000 | |
| Cash paid for taxes | 0 | 25,000 | |
| Offering costs accrued but not paid | 0 | 208,000 | |
| Acquisition of right-of-use asset in exchange for lease obligations | 1 | 0 |
Filings
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