High Roller Technologies, Inc. (NYSE: ROLR) is a leading global online gaming operator, known for its innovative casino brands High Roller and Fruta, and its prediction markets brand, ROLR. The company provides a cutting-edge real-money online casino platform featuring a diverse portfolio of over 6,000 premium games, including blackjack, roulette, ...High Roller Technologies, Inc. (NYSE: ROLR) is a leading global online gaming operator, known for its innovative casino brands High Roller and Fruta, and its prediction markets brand, ROLR. The company provides a cutting-edge real-money online casino platform featuring a diverse portfolio of over 6,000 premium games, including blackjack, roulette, craps, baccarat, poker, and slot machines. Founded in 2021 by industry veterans, the company leverages proprietary technology, machine learning, and seamless API integrations to deliver a superior gaming experience. High Roller is also active in prediction markets, offering a platform for users to trade on event outcomes. The company's financials as of the latest TTM show a market cap of approximately $70 million, with revenue per share of $1.18, and a gross profit margin of 34.8%. However, the company operates at a net loss, with a net profit margin of -6.0%. Key executives include CEO Seth Young, a recognized interactive gaming expert, and CFO Adam Felman. The company is headquartered in Las Vegas, Nevada, and went public in October 2024. With a focused strategy on growth through innovation and expansion, High Roller Technologies aims to become a dominant player in the online gaming and prediction markets industry.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$20.5M
-26.6%
-16.5%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$690000
+111.6%
+20.1%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+53.0%
-1.1%
-4.8%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
-27.8%
-33.6%
-1.3%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+3.4%
+115.9%
+4.2%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-3.3M
+25.0%
+3.6%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
-16.1%
-2.3%
-15.5%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
8.4%
-50.2%
-8.3%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
0.81x
-5.9%
-4.7%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Good afternoon, and welcome to the High Roller Technologies Business Update and Second Quarter 2026 Results Conference Call. Today's call is being recorded. [Operator Instructions] Joining us today are Seth Young, Chief Executive Officer; and Adam Felman, Chief Financial Officer. As a reminder, today's call includes forward-looking statements that are subject to risks and uncertainties. Actual results may differ materially from those expressed or implied by these statements. Investors are directed to the company's SEC filings, including the sections captioned Risk Factors for additional information. The company undertakes no duty to update forward-looking statements, except as required by law. Today's call may also include discussion of non-GAAP financial measures. Reconciliations to the most directly comparable GAAP measures are included in today's press release. With that, I'll turn the call over to Seth Young. Please go ahead.
Seth Young: Thank you, operator, and thank you to everybody joining us today. The second quarter was a period of sustained execution. On our Q1 call, we described the strategic foundation for our planned entry into U.S. prediction markets. Q2 was about doing the work with coordinated execution across product, technology, compliance and operations to advance the Roller platform towards launch. In Q2, we achieved an important regulatory milestone as we were approved as a member of the National Futures Association and registered as a guaranteed introducing broker under our arrangement with the crypto.com.cn. That completed a key regulatory step required for our planned commercial launch and moved us closer to bringing the Roller platform to market. In Q2, we also acquired ROLR.com and brought our new brand to life with a free-to-trade prediction challenge carrying a $25 million headline prize. The free-to-trade platform allowed us to begin engaging a U.S. consumer base, gain marketing approvals on key customer acquisition platforms and obtain data to sharpen our customer acquisition efforts at the point of the money launch. We continued the product and technology integration with Crypto.com and lean further into our applied AI department, developing products both for internal use and for our emerging consumer value proposition. We were added to the Russell Microcap Index, enhancing our visibility amongst the investment community. We finalized our definitive collaboration agreement with Crypto.com, and we finalized our strategic marketing agreements with Lines.com, Forever Network and Leverage Game Media to expand audience reach and drive customer acquisition. The remaining path to launch is clearly defined and progressing, and our conviction around prediction markets only continues to increase. Third-party estimates continue to illustrate the potential scale of this category. In late July, Macquarie estimated that annual contract trading volume could reach approximately $1.5 trillion by 2030, which is roughly 50% …
