High Roller Technologies, Inc.(US:ROLR)2025-11-12 12:05Financial Performance - High Roller reported Q3 2025 revenue of $6.3 million, a decrease of 16% compared to $7.5 million in Q3 2024[6] - The company achieved its first-ever quarterly profit as a public company, with positive net income of $3.7 million[6] - Revenues for the three months ended September 30, 2025, were $6,281,000, a decrease of 16.5% compared to $7,516,000 in the same period of 2024[23] - Net income for the three months ended September 30, 2025, was $3,667,000, compared to a net loss of $(501,000) in the same period of 2024[23] - For the nine months ended September 30, 2025, revenues totaled $19,988,000, slightly up from $19,826,000 in the same period of 2024[23] - The company reported a net loss of $(201,000) for the nine months ended September 30, 2025, an improvement from a net loss of $(3,854,000) in the same period of 2024[23] Adjusted Metrics - Adjusted EBITDA for Q3 2025 was $622 thousand, an increase of 72% quarter-over-quarter, resulting in an Adjusted EBITDA margin of 9.9%[6] - Adjusted EBITDA for the three months ended September 30, 2025, was $622,000, significantly up from $40,000 in the same period of 2024[23] - Adjusted EBITDA margin improved to 10% for the three months ended September 30, 2025, compared to 1% in the same period of 2024[23] - Adjusted earnings per share for the three months ended September 30, 2025, were $0.07, up from $0.01 in the same period of 2024[23] User Engagement - Active users increased to approximately 21,800, an 11% increase quarter-over-quarter, while unique depositing customers rose by 18% to 20,128[7] - Total wagers exceeded $146 million, indicating a resilient core customer base[7] Operating Expenses - Operating expenses decreased by 22% to $6.2 million compared to $8 million in Q3 2024[6] - Stock-based compensation expense increased to $333,000 for the three months ended September 30, 2025, from $80,000 in the same period of 2024[23] - Foreign exchange transaction loss decreased to $92,000 for the three months ended September 30, 2025, compared to a loss of $369,000 in the same period of 2024[23] - Interest expense, net, increased to $55,000 for the three months ended September 30, 2025, from $27,000 in the same period of 2024[23] Cash and Equity - Cash and cash equivalents totaled approximately $3.5 million, with $770 thousand restricted as of September 30, 2025[8] - Stockholder equity increased to $6.6 million, reflecting improved financial health[7] Strategic Developments - The company launched a new localized online casino brand, Kassuuu, during the quarter[7] - High Roller is making significant progress towards launching in the Ontario market, estimated for H1 2026[7]