$ROLR

High Roller Technologies, Inc.

CIK:0001947210|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues, net	$ 2,809	$ 5,801	$ 6,175	$ 10,996
Operating expenses
Total operating expenses	5,280	6,868	11,642	15,724
Loss from operations	(2,471)	(1,067)	(5,467)	(4,728)
Other income (expense)
Interest income (expense), net	145	(53)	191	(99)
Other (expense) income	(13)	0	(13)	(1)
Total other income (expense)	132	(53)	178	(100)
Loss before income taxes	(2,339)	(1,120)	(5,289)	(4,828)
Income tax expense	31	37	47	54
Net loss from continuing operations	(2,370)	(1,157)	(5,336)	(4,882)
Net income from discontinued operations, net of taxes	0	565	0	1,014
Net loss	(2,370)	(592)	(5,336)	(3,868)
Other comprehensive loss
Foreign currency translation adjustment	46	(80)	(165)	(32)
Comprehensive loss	$ (2,324)	$ (672)	$ (5,501)	$ (3,900)
Net income (loss) per common share:
Continuing operations - basis (in dollars per share)	$ (0.22)	$ (0.14)	$ (0.5)	$ (0.58)
Continuing operations - diluted (in dollars per share)	(0.22)	(0.14)	(0.5)	(0.58)
Discontinued operations - basic (in dollars per share)	0	0.07	0	0.12
Discontinued operations - diluted (in dollars per share)	0	0.07	0	0.12
Net loss per common share – basic (in dollars per share)	(0.22)	(0.07)	(0.5)	(0.46)
Net loss per common share – diluted (in dollars per share)	$ (0.22)	$ (0.07)	$ (0.5)	$ (0.46)
Weighted average common shares outstanding – basic (in shares)	10,943,272	8,408,820	10,669,024	8,402,945
Weighted average common shares outstanding – diluted (in shares)	10,943,272	8,408,820	10,669,024	8,402,945
Related Party [Member]
Operating expenses
Direct Operating Costs	$ 146	$ 359	$ 333	$ 672
General and administrative	0	53	0	67
Advertising and promotions	280	205	399	907
Product and software development	0	0	0	0
Other [Member]
Operating expenses
Direct Operating Costs	1,044	2,522	2,115	4,756
General and administrative	3,361	2,830	7,879	6,150
Advertising and promotions	241	710	470	2,782
Product and software development	$ 208	$ 189	$ 446	$ 390

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands

6 Months Ended

Jun. 30, 2026

Jun. 30, 2025

Cash flows from operating activities

Net loss

$ (5,336)

$ (3,868)

Adjustments to reconcile net loss to net cash used in operating activities:

Amortization and depreciation

^[1]

140

160

Non-cash interest expense

103

Non-cash lease expense

Share-based compensation

686

809

Warrant expense

1,003

Changes in operating assets and liabilities:

Due from affiliates

479

Prepaid expenses and other current assets

(933)

600

Other assets

(1)

Accounts payable

(432)

(926)

Accrued expenses

(1,402)

(459)

Player liabilities

(16)

246

Due to affiliates

258

(1,669)

Operating lease liabilities

(47)

(73)

Deferred offerings costs

Other liabilities

Net cash used in operating activities

(5,873)

(4,448)

Cash flows from investing activities

Investment in capitalized software and licenses

(1,873)

(278)

Purchase of property and equipment

(3)

(18)

Net cash used in investing activities

(1,876)

(296)

Cash flows from financing activities

Settlement of affiliated debt

(90)

Proceeds from placement and registered direct offerings

23,454

Proceeds from exercised options

362

Net cash provided by (used in) financing activities

23,816

(90)

Effect of exchange rate changes on cash, cash equivalents and restricted cash

(192)

496

Net change in cash, cash equivalents, and restricted cash

15,875

(4,338)

Cash, cash equivalents, and restricted cash – beginning of period

2,665

7,954

Cash, cash equivalents, and restricted cash – end of period

$ 18,540

$ 3,616

[1]	Includes amortization of intangible assets generated through business acquisitions and depreciation of property and equipment, amortization of contract costs, and amortization of internally developed software and other intangible assets. Excludes amortization of right of use assets.

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets
Cash and cash equivalents	$ 18,009	$ 2,076
Restricted cash	531	589
Prepaid expenses and other current assets	1,702	779
Deferred tax asset, current	2,289	2,368
Total current assets	22,531	5,812
Deferred offering costs	0	80
Property and equipment, net	374	417
Operating lease right-of-use asset, net	703	826
Intangible assets, net	12,264	10,507
Deferred tax asset, non-current	794	817
Other assets	75	60
Total assets	36,741	18,519
Current liabilities
Accrued expenses	1,897	3,373
Player liabilities	778	816
Operating lease obligation, current	163	166
Total current liabilities	5,441	7,152
Other liabilities	1,148	1,084
Operating lease obligation, non-current	525	641
Total liabilities	7,114	8,877
Stockholders’ equity
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued and outstanding as of June 30, 2026 and December 31, 2025	0	0
Common stock, $0.001 par value; 60,000,000 shares authorized; 10,998,049 shares and 8,485,405 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively	11	8
Additional paid-in capital	58,413	32,930
Accumulated deficit	(29,635)	(24,299)
Accumulated other comprehensive income	838	1,003
Total stockholders’ equity	29,627	9,642
Total liabilities and stockholders’ equity	36,741	18,519
Related Party [Member]
Current liabilities
Accounts payable	2,232	1,993
Nonrelated Party [Member]
Current liabilities
Accounts payable	$ 371	$ 804