Las Vegas, Nevada — November 11, 2025 — Leads & Copy — High Roller Technologies (NYSE: ROLR) reported its Q3 2025 financial results, highlighted by $6.3 million in revenue and the company’s first-ever quarterly profit as a public entity.
The company, which operates online casino brands such as High Roller, Fruta, and Kassuuu, also saw increased gross margins and positive adjusted EBITDA of $622,000. High Roller Technologies offers more than 6,000 games from over 90 game providers, which includes video slots, blackjack, roulette, baccarat, craps, and video poker.
Seth Young, Chief Executive Officer of High Roller Technologies, said the Q3 results reflect the dedication of the company’s team, disciplined financial management, and commitment to operational excellence.
Some key highlights from Q3 2025 include the launch of a new localized online casino brand Kassuuu, streamlined costs, and optimized marketing spend. The company also commenced a data transformation and unification effort, enhancing business intelligence and reporting suite via AI and machine learning technologies. Stockholder equity increased to $6.6 million.
High Roller also made significant progress toward its Ontario market launch, which is estimated to occur in H1 2026. The company served approximately 21,800 active users and 20,128 unique depositing customers during the quarter, an increase of approximately 11% and 18% QoQ respectively, with total wagers exceeding $146 million.
The company reported total revenue of $6.3 million for the third quarter ended September 30, 2025, a decrease of 16% compared to $7.5 million during the same quarter that ended September 30, 2024. This is attributed to exiting certain markets and focusing efforts on markets that produce more profitable revenue.
Adjusted EBITDA was $622,000 for the three months ended September 30, 2025, an increase of 72% QoQ, up from $40,000 compared to the three months ended September 30, 2024, resulting in an Adjusted EBITDA margin of 9.9%.
Total operating expenses were $6.2 million for the three months ended September 30, 2025, a decrease of 22% compared to $8 million during the same quarter ended September 30, 2024. As a result, operating income was $80,000, compared with an operating loss of $474,000 for the same three months in 2024, and a loss of $502,000 for the quarter ended June 30, 2025.
Adjusted earnings per share were $0.07 for the three months ended September 30, 2025, compared to adjusted earnings per share of $0.01 for the three months ended September 30, 2024.
Cash and cash equivalents totaled approximately $3.5 million, $770,000 of which is restricted as of September 30, 2025, compared to $3.6 million, $934,000 of which was restricted, as of June 30, 2025.
Additional information can be found in the Company’s Quarterly Report on Form 10-Q filed with the SEC at www.sec.gov.
High Roller Technologies, Inc. is a global online gaming operator known for its casino brands, High Roller, Fruta, and Kassuuu, listed under the ticker ROLR on the NYSE.
Contact:
ir@highroller.com
800-460-1039
Source: High Roller Technologies, Inc.
