ROLR
High Roller Technologies, Inc.Consumer Cyclical·Gambling, Resorts & Casinos
$5.47
$49M market cap
Revenue
$3.8M
Free Cash Flow
$-1.8M
Rev Growth
+0.0%
FCF Margin
-47.8%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
High Roller Technologies, Inc. engages in the online gaming business worldwide. The company offers a suite of online casino games, such as blackjack, roulette, craps, baccarat, poker, and slot machines through HighRoller.com. It operates Fruta.com, an online gaming operator known for its casino platform; and provides internet related advertising services. The company was founded in 2005 and is based in Las Vegas, Nevada.
2-Year Price History
$5.17-33.3%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 3.4 | -2.9 | -2.9 | -3.0 | -3.0 | -3.0 | -0.0 | 22.5 | 0.8 | 10.4 | -45.4% | -- | -- |
| Act | 2025-Q4 | 0.5 | 1.5 | -2.5 | 0.9 | 1.3 | 1.2 | -0.0 | 2.1 | 0.8 | 9.7 | -258.2% | -- | -- |
Valuation & Metrics
Market Stats
Price$5.47
Market Cap$49M
Enterprise Value$27M
P/S Ratio12.8x
P/FCF--
EV/FCF--
FCF Margin (TTM)-47.8%
FCF Yield-3.7%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$3.8M
Net Income$-2.1M
Free Cash Flow$-1.8M
Revenue Growth (YoY)+0.0%
EBITDA Margin-35.0%
Net Margin-54.2%
FCF Margin-47.8%
CapEx % of Revenue0.6%
SBC % of Revenue6.1%
ROIC-151.8%
WC Change % Rev-3.8%
Interest Coverage--
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.5M
Days to Cover1.0
Change (vs Prior)-74.1%
Need at least 2 settlement dates for chart
Employees
Headcount59
Revenue / Employee$64,932
Gross Profit / Employee$26,169
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
0.8%(+0.8% YoY)
11 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
1.3%(+1.3% YoY)
5 filers
Vanguard, iShares, SPDR
Market makers
0.1%(+0.1% YoY)
2 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $255K | $3.48 | +$255K | +$255K | — | $4.04T |
| RENAISSANCE TECHNOLOGIES LLC | $222K | $3.48 | +$222K | +$222K | +1.2% | $63.91B |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $198K | $3.22 | +$127K | +$198K | +2.3% | $1.61T |
| BlackRock, Inc.Passive | $88K | $3.56 | +$84K | +$80K | -0.2% | $5.69T |
| XTX Topco Ltd | $73K | $3.48 | +$73K | +$73K | -1.9% | $5.74B |
| VANGUARD FIDUCIARY TRUST COPassive | $61K | $3.48 | +$61K | +$61K | — | $395.83B |
| 1060 Capital, LLC | $53K | $3.48 | +$53K | +$53K | +3.1% | $82.3M |
| JANE STREET GROUP, LLCMM | $40K | $3.48 | +$40K | +$40K | -0.1% | $92.10B |
| STATE STREET CORPPassive | $39K | $3.48 | +$39K | +$39K | -0.2% | $2.89T |
| CITIGROUP INC | $32K | $3.48 | +$32K | +$32K | -0.3% | $156.55B |
| UBS Group AG | $17K | $3.94 | +$17K | +$11K | -0.3% | $562.11B |
| BESSEMER GROUP INC | $3K | $3.48 | +$3K | +$3K | -0.2% | $63.62B |
| Tower Research Capital LLC (TRC)MM | $2K | $2.40 | −$10K | +$2K | -0.6% | $3.84B |
| ROYAL BANK OF CANADA | $2K | $3.48 | +$2K | +$2K | -0.2% | $526.36B |
| MORGAN STANLEY | $2K | $3.44 | +$2K | +$2K | -0.3% | $1.65T |
| ADVISOR GROUP HOLDINGS, INC. | $1K | $3.48 | +$1K | +$1K | -0.3% | $67.63B |
| Investors Research Corp | $0 | $3.48 | +$0 | +$0 | -0.3% | $523M |
| SBI Securities Co., Ltd. | $0 | $4.37 | +$0 | +$0 | +0.9% | $3.62B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BULLISH
Holders
+0.69%
avg per quarter
Holders (ex-self)
+0.69%
excl. this stock
Buyers (this Q)
+0.69%
16 buyers · $0.00B in
Sellers (this Q)
+0.00%
1 sellers · $0.00B out
alpha coverage: 71% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
+9.6%
how holders react when this stock falls
On quiet Qs
-33.5%
−10% to +10% baseline
On rallies (+10%+)
+45.8%
how they react when this stock rises
Holders' portfolio flow this Q
+13.3%
inflows — adds are organic
Sellers' portfolio flow this Q
-3.1%
Sellers shed AUM broadly — partly forced.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-1.9%
Holder mid (any stock)
-16.6%
Holder rally (any stock)
-10.9%
Biggest decreases this quarter
New buyers this quarter
VANGUARD CAPITAL MANAGEMENT LLC+$0.00BRENAISSANCE TECHNOLOGIES LLC+$0.00Bα+1.2XTX Topco Ltd+$0.00Bα-1.9VANGUARD FIDUCIARY TRUST CO+$0.00B1060 Capital, LLC+$0.00Bα+3.1JANE STREET GROUP, LLC+$0.00Bα-0.1STATE STREET CORP+$0.00Bα-0.2CITIGROUP INC+$0.00Bα-0.3BESSEMER GROUP INC+$0.00Bα-0.2ROYAL BANK OF CANADA+$0.00Bα-0.2
Top-5 holders · 76.8%
VANGUARD CAPITAL MANAGEMENT LLC--
RENAISSANCE TECHNOLOGIES LLC--
GEODE CAPITAL MANAGEMENT, LLC--
BlackRock, Inc.--
XTX Topco Ltd--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
RENAISSANCE TECHNOLOGIES LLC64KCITADEL ADVISORS LLC—XTX Topco Ltd21KBARD ASSOCIATES INC—1060 Capital, LLC15KVisionPoint Advisory Group, LLC—CITIGROUP INC9KUBS Group AG5KBESSEMER GROUP INC1KROYAL BANK OF CANADA714
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$74K
8 txns · 4 insiders · 35,867 sh
Sells ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Major holders (≥10% beneficial owners)
Buys ($, 12mo)
$70K
3 txns · 2 insiders · 27,330 sh
Sells ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-03-13 | BUY | Francis John Milton IV | officer: Chief Operating Officer | 2,277 | $3.95 | $9K | $59K |
| 2025-12-19 | BUY | Felman Adam Jonathan | officer: Chief Financial Officer | 9,500 | $1.36 | $13K | $88K |
| 2025-12-09 | BUY | Francis John Milton IV | officer: Chief Operating Officer | 1,321 | $1.89 | $2K | $5K |
| 2025-12-08 | BUY | Francis John Milton IV | officer: Chief Operating Officer | 1,424 | $1.76 | $3K | $3K |
| 2025-12-04 | BUY | Young Seth Adam | officer: Chief Executive Officer | 5,850 | $1.58 | $9K | $20K |
| 2025-11-17 | BUY | Young Seth Adam | officer: Chief Executive Officer | 4,691 | $2.46 | $12K | $17K |
| 2025-08-19 | BUY | Clemes Benjamin Michael | officer: Chief Executive Officer | 5,754 | $2.53 | $15K | $406K |
| 2025-08-18 | BUY | Eachus Brandon Christopher | director, 10 percent owner: | 20,000 | $2.48 | $50K | $223K |
| 2025-08-18 | BUY | Felman Adam Jonathan | officer: Chief Financial Officer | 5,050 | $2.39 | $12K | $132K |
| 2025-06-06 | BUY | Cribari Michael | director, 10 percent owner: | 3,433 | $3.04 | $10K | $140K |
| 2025-05-23 | BUY | Cribari Michael | director, 10 percent owner: | 3,897 | $2.51 | $10K | $107K |
Order Flow (FINRA, ~3w lag)
47.4%retail+5.4pp
3.0%dark-1.2pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
High Roller Technologies, Inc.: A Paper-Profit Mirage Built on Related-Party Swaps and Tax Accounting Magic
Overall Risk
8/10
Fraud
7/10
Dilution
9/10
Insolvency
6/10
Earnings Overstated
9/10
Hidden Liabilities
5/10
Legal
7/10
Audit Warnings
4/10
Hidden Upside
2/10
Contextually Acceptable
4/10