High Roller Technologies Reports Fourth Quarter and Full Year 2025 Results; Highlights Strategic Expansion into U.S. Prediction Markets

Core Viewpoint - High Roller Technologies, Inc. is advancing its strategic partnership with Crypto.com to enter the U.S. prediction markets, which are projected to exceed $1 trillion in annual trading volume, while also reporting its financial results for Q4 and full year 2025 [1][2]. Financial Performance - For Q4 2025, net revenues from continuing operations were $4.7 million, a decrease from $5.9 million in Q4 2024, primarily due to exiting certain markets [13]. - The company reported a net income from continuing operations of $2.7 million, compared to a net loss of $3.0 million in Q4 2024 [13]. - Adjusted EBITDA from continuing operations improved to negative $427 thousand from negative $2.3 million in Q4 2024 [13]. - For the full year 2025, net revenues were $20.5 million, down 11.9% from $23.2 million in 2024 [13]. - Total operating expenses decreased by 16% to $26.6 million from $31.7 million in 2024, attributed to lower direct operating costs and reduced advertising [13]. - The company achieved a net income of $3.2 million for the full year, compared to a net loss of $5.9 million in 2024 [13]. Strategic Developments - High Roller has entered into a binding LOI with Crypto.com to launch an event-based prediction markets product in the U.S., marking a significant strategic milestone [7]. - The company signed non-binding LOIs for marketing and distribution relationships with Lines.com, Forever Network, and Leverage Game Media to support its U.S. prediction markets [7]. - High Roller has strengthened its balance sheet with $26 million in capital and added experienced executives to its leadership team to support growth [2]. Leadership Changes - The company appointed Jake Francis as Chief Operating Officer and Carlo Scappaticci as Chief Marketing Officer, among other leadership changes [12]. Capital Investments - High Roller received a $1.0 million strategic investment from Saratoga Casino Holdings at $2.80 per share and completed a $25 million registered direct offering priced at $13.21 per share [8]. Market Expansion - The planned entry into regulated iGaming markets like Ontario is seen as a natural extension of the company's core expertise, alongside the new U.S. prediction market opportunity [2].