High Roller Technologies, Inc.
ROLRAbout the company
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 also operates Fruta.com, an online gaming operator known for its casino platform; and provides internet related advertising services.
Investment snapshot
Positive
1
BUY / PASS
Neutral / negative
3 / 12
NEUTRAL / FAIL
Median fair value
$2.90
-4.3% vs price
Models with upside
1 / 17
Positive margin of safety
Strongest signal
8 of 12 pass — Graham, Buffett, Lynch +1 more object
Key risk
No clean pass — all 8 investors flag at least one growth criterion
Framework analysis
| Verdict | Meaning |
|---|---|
| BUY | Positive purchase signal: the framework's buy requirements are met. |
| PASS | The company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state. |
| NEUTRAL | Neither a positive nor negative conclusion. It does not mean to hold an existing position. |
| FAIL | The company does not clear the framework's requirements. |
| Ranked | Ranked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL. |
Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.
| Metric | Graham Defensive Value | Buffett Quality Compounder | Lynch GARP | Greenblatt Magic Formula | Piotroski F-Score | Dreman Contrarian Value | Munger Quality Focus | Pabrai Dhandho Framework | Akre Three-Legged Stool | Marks Risk-Aware Value | Ackman Activist Value | Templeton Global Bargain Hunter | Sleep Scale Economies Shared | Asness Systematic Factors | Neff Low-P/E Total Return | Schloss Asset-Value Discipline | O'Shaughnessy Systematic Factor Composite |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Verdict | FAIL | FAIL | FAIL | Not ranked | FAIL | FAIL | PASS | NEUTRAL | FAIL | FAIL | FAIL | FAIL | FAIL | NEUTRAL | FAIL | FAIL | NEUTRAL |
| Score | |||||||||||||||||
| Analysis | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… | Checking access… |
| Intrinsic Value (annual) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||
| Margin of Safety | -4.5% | +36.5% | N/A | N/A | N/A | N/A | N/A | -40.3% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financial Basis | TTM ended 2026-06-30 · Balance sheet at 2026-06-30 · Annual history · FY 2025 Latest source filing: 2026-08-11 Score computed: 2026-11-14 | Annual history · FY 2025 Latest source filing: 2026-03-10 Score computed: 2026-11-14 | Annual history · FY 2025 · TTM ended 2026-06-30 Latest source filing: 2026-08-11 Score computed: 2026-11-14 | Annual history · FY 2025 Latest source filing: 2026-03-10 Score computed: 2026-11-14 | Annual history · FY 2025 Latest source filing: 2026-03-10 Score computed: 2026-11-14 | Annual history · FY 2025 · TTM ended 2026-06-30 · Balance sheet at 2026-06-30 · Market data at 2026-11-01 Latest source filing: 2026-08-11 Score computed: 2026-11-14 | Qualitative assessment · Annual history · FY 2025 Latest source filing: 2026-03-10 Score computed: 2026-11-14 | Qualitative assessment · Annual history · FY 2025 Latest source filing: 2026-03-10 Score computed: 2026-11-14 | Annual history · FY 2025 · Qualitative assessment · TTM ended 2026-06-30 Latest source filing: 2026-08-11 Score computed: 2026-11-14 | Annual history · FY 2025 · Qualitative assessment Latest source filing: 2026-03-10 Score computed: 2026-11-14 | Annual history · FY 2025 · TTM ended 2026-06-30 · Market data at 2026-11-01 Latest source filing: 2026-08-11 Score computed: 2026-11-14 | Annual history · FY 2025 · Price history 2025-01-01–2026-11-01 Latest source filing: 2026-03-10 Score computed: 2026-11-14 | Annual history · FY 2025 · Qualitative assessment Latest source filing: 2026-03-10 Score computed: 2026-11-14 | TTM ended 2026-06-30 · Balance sheet at 2026-06-30 · Price history 2025-01-01–2026-11-01 · Annual history · FY 2025 Latest source filing: 2026-08-11 Score computed: 2026-11-14 | Annual history · FY 2025 · TTM ended 2026-06-30 Latest source filing: 2026-08-11 Score computed: 2026-11-14 | Annual history · FY 2025 · Balance sheet at 2026-06-30 Latest source filing: 2026-08-11 Score computed: 2026-11-14 | TTM ended 2026-06-30 · Annual history · FY 2025 · Price history 2025-01-01–2026-11-01 Latest source filing: 2026-08-11 Score computed: 2026-11-14 |
Where It Passes
- Debt & Leverage67% pass✓ 11✗ 4▾
8 of 12 pass — Graham, Buffett, Lynch +1 more object
LT Debt vs Net Current Assets✗GrahamLT Debt <= Net Current AssetsDebt/Equity & Interest CoverageD/E: 0.00, IC: -83.5x✗BuffettD/E < 0.5 AND Interest Coverage > 5xTotal Debt / Equity0✓Lynch< 0.33Cash - Long-term Debt✗LynchPositive preferredLT Debt / Total Assets Change0.00% -> 0.00%✓PiotroskiDecreased YoYCurrent Assets / Current Liabilities4.14✓Dreman> 1.5✓SchlossCurrent ratio >= 1.50x (app cutoff)Total Debt / Shareholders' Equity0✓Dreman< 0.8✓Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✓SchlossD/E < 1.00xDebt Levels0✓MungerDebt/Equity < 0.5✓AkreDebt/Equity < 0.3Interest Coverage & Debt/EBITDAIC=-83.5x, D/EBITDA=0.0x (no debt)✗MarksInterest Coverage > 3x; Debt/EBITDA < 4xTotal Debt / Shareholders Equity0✓Ackman<= 1.0Negative debt-to-equity (higher means less debt)-0.0000; #1/4210 (top 0.0%)✓AsnessTop 30% of eligible cross-section
Where It Falls Short
- Growth0% pass✓ 2✗ 11▾
No clean pass — all 8 investors flag at least one growth criterion
EPS Growth (3-yr avg, 10-yr window)✗Graham>= 33% growthBasic earnings-growth PEG (dividends excluded)P/E 9.2x (growth N/A)✗Lynch< 1.0 (ideally < 0.5)3-5 Year EPS CAGR✗Lynch15-30% (Fast Grower); > 0% to passInventory Growth vs Revenue GrowthN/A (no inventory)✓LynchInventory growth < Revenue growthEPS Growth Direction$-0.42 (2023) -> $0.33 (2025)✓DremanPositive over recent yearsEPS CAGR✗Dreman> 5% annualizedPositive Net Income Frequency1/3 years positive✗MarksPositive net income in >= 7 of last 10 years3yr Median Revenue Growth-16.8%✗Ackman>= 5%Positive EPS Growth Frequency1/2 years with positive EPS growth✗AckmanPositive EPS growth in >= 3 of last 5 years5-Year EPS CAGR✗Templeton> 0% (5-year EPS CAGR)Revenue growth vs. gross and operating margin trendrevenue flat/down, operating margin -9.1% -> -30.2%✗SleepRevenue rising; gross margin flat or falling; operating margin holding5-year Revenue CAGR✗SleepCAGR > 7%3-5 Year Diluted EPS CAGR✗Neff7%-20% annualized - Profitability6% pass✓ 5✗ 30▾
15 of 16 flag ROLR's profitability — Graham, Buffett, Lynch +12 more
Net income / market capitalization+5.07%; #1662/6340 (top 26.2%)✓AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-sectionPositive EPS (10 years)1/4 years positive✗GrahamPositive EPS every year for 10 yearsEPS Growth (3-yr avg, 10-yr window)✗Graham>= 33% growthNet Income Positive (10+ years)1/4 years positive✗BuffettPositive every year for 10+ yearsROE (up to 5-year arithmetic mean)-64.3%✗Buffett> 15% arithmetic mean (app rule)Operating Margin (10-yr trend)✗BuffettStable or rising over 10 yearsFree Cash Flow Proxy$3.4M✓BuffettPositive and growingEarnings Variance (10-yr CoV)✗BuffettCoV < 0.3Retained Earnings Effectiveness✗Buffett$1 retained -> > $1 market value createdBasic earnings-growth PEG (dividends excluded)P/E 9.2x (growth N/A)✗Lynch< 1.0 (ideally < 0.5)3-5 Year EPS CAGR✗Lynch15-30% (Fast Grower); > 0% to passROE5.7%✗Lynch> 15%EBIT / Enterprise Value-19.7%✗Greenblatt> 10%Earnings Yield + ROC AssessmentEY=-19.7%, ROC=N/A (invested capital <= 0)✗GreenblattBoth EY > 10% and ROC > 25%Net Income / Total Assets17.07%✓PiotroskiROA > 0ROA Change YoY-35.63% -> 17.07% (delta: +52.70%)✓PiotroskiCurrent ROA > Prior ROA(CFO / Total Assets) vs ROACFO/Assets=-17.46%, ROA=17.07%✗PiotroskiCFO/Assets > ROAGross Margin Change YoY✗PiotroskiImproved YoYPre-Tax Income / Revenue-28.8%✗Dreman>= 8%Net Income / Shareholders' Equity5.7%✗Dreman> 12%Margin of SafetyP/E=9.2x, P/B=2.7x✓PabraiP/B < 1.5 or P/E < 15Return on Equity-64.3% (3-yr avg)✗AkreROE > 20% (3-year avg)Discount to Intrinsic ValueN/A (negative normalized EPS)✗Marks>= 20% below intrinsic valuePositive Net Income Frequency1/3 years positive✗MarksPositive net income in >= 7 of last 10 yearsOperating Income / Revenue-61.4%✗Ackman>= 15%Net Income / Shareholders Equity5.7%✗Ackman>= 15%5-Year EPS CAGR✗Templeton> 0% (5-year EPS CAGR)Operating Margin Trend-9.1% (2023) -> -30.2% (2025)✗TempletonNon-negative operating-margin trend over 3 yearsRevenue growth vs. gross and operating margin trendrevenue flat/down, operating margin -9.1% -> -30.2%✗SleepRevenue rising; gross margin flat or falling; operating margin holdingGross profit / total assets✗AsnessTop 30% of eligible cross-sectionNet income / positive book equity+5.71%; #2378/5226 (top 45.5%)✗AsnessTop 30% of eligible cross-sectionNegative 5-year standard deviation of ROA-0.2259; #4347/5884 (top 73.9%)✗AsnessTop 30% of eligible cross-section3-5 Year Diluted EPS CAGR✗Neff7%-20% annualizedPositive Diluted-EPS Years✗Schloss>= 70% positive over 5-10 observed years (app rule) - Verdicts8% pass✓ 1✗ 12▾
Split decision: 12 FAIL · 3 NEUTRAL · 1 PASS
Overall verdict✗GrahamFAIL (1/9)✗BuffettFAIL (1/9)✗LynchFAIL (2/7)•GreenblattNot ranked✗PiotroskiFAIL (F-Score 3)✗DremanFAIL (4/11)✓MungerPASS (2/4)•PabraiNEUTRAL (2/3)✗AkreFAIL (2/6)✗MarksFAIL (1/5)✗AckmanFAIL (1/9)✗TempletonFAIL (3/8)✗SleepFAIL (1/6)•AsnessNEUTRAL (Not ranked)✗NeffFAIL (1/6)✗SchlossFAIL (2/7)•OshaughnessyNEUTRAL (Not ranked) - Cash Flow20% pass✓ 2✗ 10▾
8 of 10 flag ROLR's cash flow — Lynch, Piotroski, Dreman +5 more
Free Cash Flow Proxy$3.4M✓BuffettPositive and growingFCF Positive and Growing$-3.3M✗LynchPositive and growingOperating Cash Flow$-3.2M✗PiotroskiCFO > 0(CFO / Total Assets) vs ROACFO/Assets=-17.46%, ROA=17.07%✗PiotroskiCFO/Assets > ROAPrice / (CFO / Shares)N/A (negative CFPS)✗Dreman< 8xP/E or FCF YieldP/E=9.2x, FCF Yield=-9.8%✓PabraiP/E < 15 or FCF Yield > 10%FCF Positive1/3 years FCF positive✗MarksPositive FCF in majority of recent years(OCF - CapEx) / Market Cap-18.3%✗Ackman>= 4%Price / FCF per ShareN/A (negative FCF)✗Ackman<= 25Positive Operating Cash Flow frequency1/3 years positive✗SleepPositive OCF in >= 70% of available yearsOperating Cash Flow - Capital Expenditures$-4.7M✗Neff> $0 (app proxy for a strong fundamental case)(Operating cash flow - capex) / market capitalization-14.05%; #3370/4519 (top 74.6%)✗OshaughnessyTop 10% of eligible cross-section - Valuation23% pass✓ 8✗ 20▾
10 of 13 flag ROLR's valuation — Graham, Lynch, Greenblatt +7 more
Net income / market capitalization+5.07%; #1662/6340 (top 26.2%)✓AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-sectionPrice / 3-yr avg EPS✗Graham<= 15xPrice-to-Book Ratio2.7x✗Graham<= 1.5xP/E x P/B✗Graham<= 22.5Basic earnings-growth PEG (dividends excluded)P/E 9.2x (growth N/A)✗Lynch< 1.0 (ideally < 0.5)EBIT / Enterprise Value-19.7%✗Greenblatt> 10%Earnings Yield + ROC AssessmentEY=-19.7%, ROC=N/A (invested capital <= 0)✗GreenblattBoth EY > 10% and ROC > 25%Price / EPS9.2x✓Dreman< 12x✓Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)Price / (CFO / Shares)N/A (negative CFPS)✗Dreman< 8xPrice / Book Value per Share2.7x✗Dreman< 1.2x✗Templeton< 1.5x✗SchlossP/B <= 0.80x (app cutoff)Valuation ReasonablenessP/E=9.2x, OE Yield=13.3%✓MungerP/E < 25 or Owner Earnings Yield > 5%P/E or FCF YieldP/E=9.2x, FCF Yield=-9.8%✓PabraiP/E < 15 or FCF Yield > 10%P/B or P/E vs. Historical AverageP/E=9.2x, P/B=2.7x✓MarksP/E < 15 or P/B < 2.0Discount to Intrinsic ValueN/A (negative normalized EPS)✗Marks>= 20% below intrinsic valuePrice / FCF per ShareN/A (negative FCF)✗Ackman<= 25Price vs. Trailing Low149% of trailing low ($2.03)✗Templeton<= 120% of trailing low (certified split-adjusted live window)Positive book equity / market capitalization+0.8865; #1708/6449 (top 26.5%)✓AsnessTop 30% of eligible cross-sectionPrice / Diluted EPS9.2x✓NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)(EPS CAGR % + Dividend Yield %) / P/E✗Neff> 0.7 (Neff's published traditional edge)Price / Tangible Book Value per ShareN/A (non-positive TBVPS)✗SchlossP/TBV <= 1.00x (app cutoff)Book Value per Share Change✗SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)Revenue / market capitalization+0.3866; #2960/5247 (top 56.4%)✗OshaughnessyTop 10% of eligible cross-section(Operating cash flow - capex) / market capitalization-14.05%; #3370/4519 (top 74.6%)✗OshaughnessyTop 10% of eligible cross-sectionTrailing six-month price return through the evaluation date-29.37%; #4395/6202 (top 70.9%)✗OshaughnessyTop 10% of eligible cross-section - Efficiency25% pass✓ 2✗ 9▾
6 of 8 flag ROLR's efficiency — Buffett, Greenblatt, Piotroski +3 more
Current Ratio4.14✓Graham>= 2.0ROIC (3-5 yr avg)-519.8%✗Buffett> 10%ROIC - WACC-529.8%✗BuffettPositive (WACC = 10%)EBIT / (NWC + Net Fixed Assets)N/A (invested capital <= 0)✗Greenblatt> 25%Current Ratio Change YoY0.86 -> 0.81✗PiotroskiIncreased YoYRevenue / Total Assets Change YoY1.40x -> 1.10x✗PiotroskiImproved YoYCurrent Assets / Current Liabilities4.14✓Dreman> 1.5Return on Invested Capital-50.6%✗Munger> 15%ROIC (high and growing)FY2023: ROIC=-92.2%; FY2024: ROIC=-115.4%; FY2025: ROIC=-50.6%✗AkreLatest 3 consecutive FYs: ROIC > 15% in eachReinvestment Rate x ROIC-50.6% (RR=100% x ROIC=-50.6%)✗AkreReinvestment Rate * ROIC > 10%ROIC (5-year)0/3 years above 12% (latest -50.6%)✗SleepROIC > 12% in a majority of years - Valuation models33% pass✓ 1✗ 2▾
Models split on ROLR at $3.03 — fair values range $2.16–$4.77
Graham fair value$2.90✗Graham-4.5% margin vs $3.03Buffett fair value$4.77✓Buffett+36.5% margin vs $3.03Pabrai fair value$2.16✗Pabrai-40.3% margin vs $3.03
Business & financials
Financial snapshot: annual FY 2025. Current investor scores may use newer quarterly data.
Company Profile
Financial Snapshot
Shareholder Return
Fiscal 2025
Issued 1.3% of shares last year, 21.8% issued over two.
- Buybacks
- —
- Dividends
- —
Company Financials
Latest TTM and quarters alongside annual years
TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.
The latest annual period end is unavailable. Showing the latest fiscal cycle’s quarters; quarter and annual columns may overlap. Quarterly shows the full quarter history.
| Metric | TTM · 2026-09-30 2025-10-01 – 2026-09-30 Sources · derived quarter valuesDerived from cumulative filings: revenue, net income, operating income, ebit, pre tax income, interest expense, operating cash flow, depreciation amortization, capex. | Q3 FY 2026 2026-07-01 – 2026-09-30 Sources · derived quarter valuesDerived from cumulative filings: operating cash flow, capex. | Q2 FY 2026 2026-04-01 – 2026-06-30 Sources · derived quarter valuesDerived from cumulative filings: operating cash flow, capex. | Q1 FY 2026 2026-01-01 – 2026-03-31 Sources | FY 2025Sources
| FY 2024Sources
| FY 2023Sources
| FY 2022Sources
|
|---|---|---|---|---|---|---|---|---|
| Market Cap | $33.4Mcurrent | -- | -- | -- | $57.4Mest. | $39.2Mest. | $46.4Mest. | -- |
| Revenue | $9.0M↓68% | $2.4M↓62% | $2.8M↓60% | $3.4M↓50% | $20.5M↓12% | $23.2M↓22% | $29.7M | -- |
| Operating Income | -$10.7M↓90% | -$2.7M↓3499% | -$2.5M↓392% | -$3.0M↑7% | -$6.2M↑27% | -$8.5M↓215% | -$2.7M | -- |
| Net Income | -$4.8M↓109% | -$2.8M↓176% | -$2.4M↓300% | -$3.0M↑9% | $3.2M↑153% | -$5.9M↓110% | -$2.8M | -- |
| EPS (Diluted) | -- | $-0.25↓164% | $-0.22↓214% | $-0.29↑26% | $0.33↑140% | $-0.82↓95% | $-0.42 | -- |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Margin | -118.7%↓490% | -113.5%↓9013% | -88.0%↓1115% | -89.0%↓88% | -30.2%↑17% | -36.6%↓303% | -9.1% | — |
| ROE | -17.4%↑49% | — | — | — | 32.8%↑132% | -103.5%↑15% | -122.3% | — |
| Total Debt | -- | -- | -- | -- | $0↓100% | $90.0K | $0 | -- |
| Shareholders' Equity | $27.3M↑315% | $27.3M↑315% | $29.6M↑1027% | $31.5M↑1025% | $9.6M↑69% | $5.7M↑148% | $2.3M↑1637% | -$150.0K |
| Current Ratio | 3.17↑611% | 3.17↑611% | 4.14↑854% | 4.34↑656% | 0.81↓6% | 0.86↑67% | 0.52 | — |
| Debt / Equity | — | — | — | — | 0.00↓100% | 0.02 | 0.00 | — |
| Operating Cash Flow | -$7.6M↓7% | -$3.0M↓3754% | -$2.9M↓243% | -$3.0M↑17% | -$3.2M↑17% | -$3.9M↓613% | $762.0K | -- |
| Free Cash Flow | -$7.6M↓7% | -$3.0M↓3250% | -$2.9M↓241% | -$3.0M↑17% | -$3.3M↑20% | -$4.1M↓898% | $513.0K | -- |
Score history
Historical Score Timeline
Industry peers
Industry Peers
Similar companies in Entertainment
ROLR vs Peers — Financial Grading
| Company | Market Cap | Price | Revenue | Net Income | ROE | D/E | Op. Margin | Curr. Ratio | Graham | Buffett | Lynch | Greenblatt | Piotroski | Dreman |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Walt Disney CoDIS | $205.4B | $118.97 | $94.4B | $12.4B | 11.3% | 0.38 | 18.6% | 0.71 | 1/9 | 2/9 | 4/7 | 1/3 | F-Score 7 | 4/11 |
| Madison Square Garden Sports Corp.MSGS | $9.3B | $314.46 | $1.0B | $22.4M | 8.0% | -1.03 | 1.4% | 0.45 | 1/9 | 3/9 | 1/7 | 0/3 | F-Score 5 | 1/11 |
| Churchill Downs IncCHDN | $6.8B | $99.72 | $2.9B | $383.0M | 37.9% | 5.08 | 23.4% | 0.60 | 1/9 | 3/9 | 2/7 | 1/3 | F-Score 6 | 3/11 |
| VAIL RESORTS INCMTN | $5.5B | $152.61 | $3.0B | $280.0M | 66.0% | 7.35 | 18.9% | 0.63 | 1/9 | 5/9 | 3/7 | 0/3 | F-Score 7 | 3/11 |
| Cinemark Holdings, Inc.CNK | $4.7B | $40.80 | $3.1B | $138.2M | — | — | — | — | 1/9 | 0/9 | 2/7 | 0/3 | F-Score 1 | 1/11 |
| Manchester United plcMANU | $3.9B | $22.43 | $914.4M | $45.3M | -17.0% | 3.29 | -2.8% | 0.38 | 1/9 | 0/9 | 0/7 | 0/3 | F-Score 5 | 1/11 |
| Atlanta Braves Holdings, Inc.BATRA | $3.7B | $56.66 | $732.5M | $23.4M | -4.4% | 1.40 | -1.8% | 0.42 | 1/9 | 1/9 | 1/7 | 0/3 | F-Score 5 | 1/11 |
| Brightstar Lottery PLCBRSL | $1.8B | $9.81 | $2.5B | $147.0M | 16.8% | 4.77 | — | 0.76 | 3/9 | 2/9 | 1/7 | 1/3 | F-Score 4 | 4/11 |