Start here if you're new
what it is
High Roller runs an online casino with blackjack, roulette, baccarat, poker, and slots.
how it gets paid
Last year High Roller Tech made $20M in revenue. slots was the main engine at $8M, or 40% of sales.
why growth slowed
Revenue fell 11.9% last year. Revenue rose 218% vs. prior year. The company still posted a loss.
what just happened
Revenue hit $20M, while EPS was still -$0.02.
At a glance
n/a balance sheet
-$0.82 fy2024 eps est
$28M fy2024 rev est
30.2% operating margin
~$41M market cap
What they do
High Roller runs an online casino with blackjack, roulette, baccarat, poker, and slots.
says the firm uses 90+ game suppliers. That gives your casino more content than a single studio can make. Revenue comes from hold, or gross winnings, which means the house keeps player losses. You are looking at 2 brands, High Roller and Fruta, on a business with 59 employees.
How they make money
$20M
annual revenue · their business grew -11.9% last year
slots
$8M
table games
$5M
live dealer
$3M
poker and baccarat
$2M
other gaming
$2M
The products that matter
premium online casino
HighRoller.com
core operating brand
It sits inside the company's $20.5M revenue base. The question is whether the flagship can grow fast enough to offset an 11.9% companywide sales decline.
core brand
online casino brand
Fruta
shares the same margin pool
This brand helps produce the company's 60% gross margin, but the current snapshot does not break out brand-level revenue. That's thin disclosure, and you should treat it that way.
no segment breakout
prediction market expansion
Prediction Markets
announced jan 2026
This is the new story, not the current revenue base. Right now it is an announced partnership, while reported annual revenue remains $20.5M from the existing business.
execution bet
Key numbers
$20M
annual revenue
That is the whole base. At this size, one weak quarter matters.
30.2%
operating margin
You lose 30 cents on every revenue dollar. That is the business problem.
$1M
long-term debt
Debt is tiny versus revenue. The real issue is losses, not leverage.
90+
suppliers
More suppliers means more choice for players and less dependence on one studio.
Financial health
n/a
strength
- balance sheet grade n/a
- long-term debt $1M (2% of capital)
n/a — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for ROLR right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Revenue hit $20M, while EPS was still -$0.02.
Revenue rose 218% vs. prior year. The company still posted a loss, and the annual margin picture stayed weak.
$20M
revenue
-$0.02
eps
n/a
n/a
the number that mattered
The 218% vs. prior year revenue jump is the big line item, but the business still lost money.
source: company earnings report, 2026
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What could go wrong
the top risk is the core casino business shrinking before prediction markets contribute anything meaningful.
high
Shrinking revenue base
Full-year revenue fell 11.9% to $20.5M. For a company this small, one more down year would matter a lot.
If sales keep falling, the turnaround story becomes a financing story.
high
Operating losses despite solid gross margin
The company reported a $6.2M operating loss on a 60% gross margin. That tells you gross profit is being consumed before it reaches shareholders.
A business losing roughly 30 cents per $1 of revenue has limited room for mistakes.
med
Prediction-market execution and regulatory risk
The Crypto.com partnership is the new growth angle, but the current page gives no revenue contribution because there is none reported yet.
If launch timing slips or regulation tightens, the new story stays a story.
med
Dilution from new equity
The company sold 1.89M shares at $13.21 in January 2026. That raises cash, but existing owners now own a smaller slice.
If losses persist, future capital raises become easier to imagine than self-funded growth.
A $6.2M operating loss on $20.5M of revenue means roughly 30 cents of operating loss for every $1 the business brought in.
source: institutional data · regulatory filings · risk analysis
Pay attention to
earnings
Next earnings report
The next confirmed earnings date is May 11, 2026, after market close. You want one thing: proof that revenue has stopped sliding.
core metric
Revenue stabilization
Last year revenue fell 11.9% to $20.5M. If that line keeps shrinking, the rest of the thesis gets harder to defend.
new story
Prediction-markets rollout
Watch for actual product launch details and early traction from the Crypto.com partnership. Announcements are easy. Revenue is harder.
balance of risk
Cash burn versus dilution
The January 2026 share sale bought time. If losses stay elevated, you should expect the market to ask how much time it really bought.
Analyst rankings
coverage
limited
in human-speak, there is not enough broad analyst coverage here to lean on consensus.
signal quality
thin
When coverage is thin, single filings and financing headlines can move the stock more than ranked opinions.
source: institutional data
Institutional activity
institutional ownership data for ROLR is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$2
current price
n/a
target midpoint · n/a from current
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