| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 3.37 | 50.2% |
| Total Income | 3.37 | 50.2% |
| Expenditure | 6.36 | 36.3% |
| PBT | -2.95 | 9.5% |
| Net Profit | -2.97 | 9.4% |
| OPM | -89.01% | 41.57pp |
| NPM | -88.12% | 39.73pp |
| EPS | -0.29 | 25.6% |
High Roller Technologies Reports Q1 2026 Results; Prediction Markets Launch
13 May 2026 · 13 May, 2:41 am
Summary
High Roller Technologies reported its financial results for the first quarter ended March 31, 2026. Net revenues were $3.4 million, a decrease of 35% compared to the prior year. The company's loss from operations improved to $3.0 million due to cost-cutting and operational improvements. Adjusted EBITDA also improved to negative $1.3 million. The company is focusing on a growth strategy, including entering the prediction markets category through an agreement with Crypto.com | Derivatives North America.
Key Highlights
- 1
High Roller Technologies reported net revenues of $3.4 million for Q1 2026, a decrease of 35% compared to $5.2 million in Q1 2025.
- 2
The company's total operating expenses decreased by 28% to $6.4 million in Q1 2026, compared to $8.9 million in Q1 2025.
- 3
Loss from operations improved to $3.0 million in Q1 2026, compared to $3.7 million in Q1 2025.
- 4
Net loss from continuing operations was $3.0 million, or ($0.29) per common share, compared to a net loss of $3.3 million, or $(0.44) per common share in Q1 2025.
- 5
Adjusted EBITDA improved by $1.7 million to negative $1.3 million in Q1 2026, from negative $3.0 million in Q1 2025.
- 6
The company strengthened its balance sheet, increasing working capital from a $3.7 million deficit on December 31, 2025, to a positive $18.1 million on March 31, 2026.
- 7
High Roller Technologies plans to launch a ROLR-branded U.S. prediction markets product, supported by an agreement with Crypto.com | Derivatives North America.
Management Comments
Seth Young
"This was a transformative quarter for High Roller as we significantly strengthened our balance sheet and announced major planned growth initiatives." "In a short period of time, we have secured a definitive agreement with CDNA to enter the prediction markets category, established our consumer-facing ROLR brand, and built a network of strategic marketing and distribution partnerships designed to support scale, among other achievements." "During Q1 2026, we continued to reshape High Roller around a more focused, better-capitalized, high-upside growth strategy, while bringing strong operating discipline to the underlying business. Lower operating expenses contributed to improved YoY Adjusted EBITDA while we increased strategic capital allocations. Net revenues of $3.4 million reflected our deliberate exit from certain markets and heavily reduced customer acquisition spend in the online casino vertical. Our operating efficiency strengthened significantly, evidenced by improvements in nearly all internal key performance indicators across the business, as we prepare for what we anticipate will be exponentially greater scale." "Strong investor interest supported our equity capital build during the quarter, and we boosted working capital from a $3.7 million deficit on December 31, 2025, to positive $18.1 million on March 31, 2026, with $23.1 million in cash and restricted cash and no debt at quarter end." "We have a clear plan, clear timing, we’re bullish, and we’re in full-on execution mode. We plan to communicate further updates in due course as we trend towards this exciting new launch."
Informational and educational content only. Not investment advice.