ROLR · High Roller Technologies, Inc.

High Roller Technologies reported first quarter 2026 results that reflect a deliberate strategic shift toward higher-growth opportunities, particularly the planned entry into U.S. prediction markets. Net revenues declined 35% year-over-year to $3.4 million, driven by the company's exit from certain markets and a significant reduction in customer acquisition spending in the online casino vertical. Despite the top-line decline, operating efficiency improved markedly: total operating expenses fell 28% to $6.4 million, and loss from operations narrowed to $3.0 million from $3.7 million. Net loss from continuing operations improved to $3.0 million ($0.29 per share) from $3.3 million ($0.44 per share) in the prior year. Adjusted EBITDA, a non-GAAP measure, improved to negative $1.3 million from negative $3.0 million, reflecting cost-cutting and operational improvements.

Management commentary highlighted a transformative quarter, with CEO Seth Young noting the company strengthened its balance sheet and announced major growth initiatives. The company boosted working capital from a $3.7 million deficit at year-end 2025 to positive $18.1 million, ending the quarter with $23.1 million in cash and restricted cash and no debt. This liquidity was supported by a $25 million registered direct offering and a $1.0 million strategic investment from Saratoga Casino Holdings.

The most significant strategic development is the planned launch of ROLR-branded U.S. prediction markets, supported by a definitive agreement with Crypto.com | Derivatives North America. The company has also engaged a Big 4 consultancy for licensing, acquired the ROLR.com domain, and secured marketing partnerships with Lines.com, Forever Network, and Leverage Game Media. Additionally, High Roller appointed a Head of Applied AI to support the prediction markets launch. The company is positioning itself to capitalize on a rapidly growing market, citing a third-party estimate that prediction market trading volumes could exceed $1.1 trillion by 2030. The conference call to discuss these results and the business update was held on May 12, 2026, at 4:30 PM ET.