High Roller Technologies, Inc.

ROLR
About 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.

Country: United StatesPrice: $3.03Market Cap: $33.4M

Investment snapshot

6%positive consensus
Scored 1d ago

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

VerdictMeaning
BUYPositive purchase signal: the framework's buy requirements are met.
PASSThe 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.
NEUTRALNeither a positive nor negative conclusion. It does not mean to hold an existing position.
FAILThe company does not clear the framework's requirements.
RankedRanked 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.

MetricGraham

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

VerdictFAILFAILFAILNot rankedFAILFAILPASSNEUTRALFAILFAILFAILFAILFAILNEUTRALFAILFAILNEUTRAL
Score
AnalysisChecking 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/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Margin of Safety-4.5%+36.5%N/AN/AN/AN/AN/A-40.3%N/AN/AN/AN/AN/AN/AN/AN/AN/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 Assets
    Debt/Equity & Interest CoverageD/E: 0.00, IC: -83.5x
    ✗BuffettD/E < 0.5 AND Interest Coverage > 5x
    Total Debt / Equity0
    ✓Lynch< 0.33
    Cash - Long-term Debt
    ✗LynchPositive preferred
    LT Debt / Total Assets Change0.00% -> 0.00%
    ✓PiotroskiDecreased YoY
    Current 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 < 1.00x
    Debt Levels0
    ✓MungerDebt/Equity < 0.5✓AkreDebt/Equity < 0.3
    Interest Coverage & Debt/EBITDAIC=-83.5x, D/EBITDA=0.0x (no debt)
    ✗MarksInterest Coverage > 3x; Debt/EBITDA < 4x
    Total Debt / Shareholders Equity0
    ✓Ackman<= 1.0
    Negative 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% growth
    Basic 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 pass
    Inventory Growth vs Revenue GrowthN/A (no inventory)
    ✓LynchInventory growth < Revenue growth
    EPS Growth Direction$-0.42 (2023) -> $0.33 (2025)
    ✓DremanPositive over recent years
    EPS CAGR
    ✗Dreman> 5% annualized
    Positive Net Income Frequency1/3 years positive
    ✗MarksPositive net income in >= 7 of last 10 years
    3yr 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 years
    5-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 holding
    5-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-section
    Positive EPS (10 years)1/4 years positive
    ✗GrahamPositive EPS every year for 10 years
    EPS Growth (3-yr avg, 10-yr window)
    ✗Graham>= 33% growth
    Net Income Positive (10+ years)1/4 years positive
    ✗BuffettPositive every year for 10+ years
    ROE (up to 5-year arithmetic mean)-64.3%
    ✗Buffett> 15% arithmetic mean (app rule)
    Operating Margin (10-yr trend)
    ✗BuffettStable or rising over 10 years
    Free Cash Flow Proxy$3.4M
    ✓BuffettPositive and growing
    Earnings Variance (10-yr CoV)
    ✗BuffettCoV < 0.3
    Retained Earnings Effectiveness
    ✗Buffett$1 retained -> > $1 market value created
    Basic 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 pass
    ROE5.7%
    ✗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 > 0
    ROA 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 > ROA
    Gross Margin Change YoY
    ✗PiotroskiImproved YoY
    Pre-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 < 15
    Return on Equity-64.3% (3-yr avg)
    ✗AkreROE > 20% (3-year avg)
    Discount to Intrinsic ValueN/A (negative normalized EPS)
    ✗Marks>= 20% below intrinsic value
    Positive Net Income Frequency1/3 years positive
    ✗MarksPositive net income in >= 7 of last 10 years
    Operating 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 years
    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 holding
    Gross profit / total assets
    ✗AsnessTop 30% of eligible cross-section
    Net income / positive book equity+5.71%; #2378/5226 (top 45.5%)
    ✗AsnessTop 30% of eligible cross-section
    Negative 5-year standard deviation of ROA-0.2259; #4347/5884 (top 73.9%)
    ✗AsnessTop 30% of eligible cross-section
    3-5 Year Diluted EPS CAGR
    ✗Neff7%-20% annualized
    Positive 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$3.4M
    ✓BuffettPositive and growing
    FCF Positive and Growing$-3.3M
    ✗LynchPositive and growing
    Operating Cash Flow$-3.2M
    ✗PiotroskiCFO > 0
    (CFO / Total Assets) vs ROACFO/Assets=-17.46%, ROA=17.07%
    ✗PiotroskiCFO/Assets > ROA
    Price / (CFO / Shares)N/A (negative CFPS)
    ✗Dreman< 8x
    P/E or FCF YieldP/E=9.2x, FCF Yield=-9.8%
    ✓PabraiP/E < 15 or FCF Yield > 10%
    FCF Positive1/3 years FCF positive
    ✗MarksPositive FCF in majority of recent years
    (OCF - CapEx) / Market Cap-18.3%
    ✗Ackman>= 4%
    Price / FCF per ShareN/A (negative FCF)
    ✗Ackman<= 25
    Positive Operating Cash Flow frequency1/3 years positive
    ✗SleepPositive OCF in >= 70% of available years
    Operating Cash Flow - Capital Expenditures$-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-section
    Price / 3-yr avg EPS
    ✗Graham<= 15x
    Price-to-Book Ratio2.7x
    ✗Graham<= 1.5x
    P/E x P/B
    ✗Graham<= 22.5
    Basic 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< 8x
    Price / 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 < 2.0
    Discount to Intrinsic ValueN/A (negative normalized EPS)
    ✗Marks>= 20% below intrinsic value
    Price / FCF per ShareN/A (negative FCF)
    ✗Ackman<= 25
    Price 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-section
    Price / 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-section
    Trailing 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>= 2.0
    ROIC (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 YoY
    Revenue / Total Assets Change YoY1.40x -> 1.10x
    ✗PiotroskiImproved YoY
    Current Assets / Current Liabilities4.14
    ✓Dreman> 1.5
    Return 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 each
    Reinvestment 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 $3.03
    Buffett fair value$4.77
    ✓Buffett+36.5% margin vs $3.03
    Pabrai 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

Industry: Entertainment
SIC Sector: Amusement & Recreation
Size: Micro Cap($33.4M)
Revenue: $20.5M-11.9% YoY
Net Income: $3.2M+153.4% YoY

Financial Snapshot

Operating Margin-30.2%
Return on Equity32.8%
Debt / Equity0.00
Current Ratio0.81
EPS (Diluted)$0.33
Shares Retired−1.3% / −21.8% 2y

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.

MetricTTM · 2026-09-30

2025-10-01 – 2026-09-30

Sources · derived quarter values

Derived 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 values

Derived from cumulative filings: operating cash flow, capex.

Q2 FY 2026

2026-04-01 – 2026-06-30

Sources · derived quarter values

Derived from cumulative filings: operating cash flow, capex.

Q1 FY 2026

2026-01-01 – 2026-03-31

Sources
FY 2025
Sources
  • 10-K · 2026-03-10
FY 2024
Sources
  • 10-K · 2025-03-21
FY 2023
Sources
  • 10-K · 2025-03-21
FY 2022
Sources
  • 10-K · 2025-03-21
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 Ratio3.17↑611%3.17↑611%4.14↑854%4.34↑656%0.81↓6%0.86↑67%0.52—
Debt / Equity————0.00↓100%0.020.00—
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

Revenue$20.5MBottom 25%
Net Income$3.2MMedian
ROE32.8%Median
D/E0.00Top 25%
Op. Margin-30.2%Bottom 25%
Curr. Ratio0.81Top 25%
CompanyMarket CapPriceRevenueNet IncomeROED/EOp. MarginCurr. RatioGrahamBuffettLynchGreenblattPiotroskiDreman
Walt Disney CoDIS$205.4B$118.97$94.4B$12.4B11.3%0.3818.6%0.711/92/94/71/3F-Score 74/11
Madison Square Garden Sports Corp.MSGS$9.3B$314.46$1.0B$22.4M8.0%-1.031.4%0.451/93/91/70/3F-Score 51/11
Churchill Downs IncCHDN$6.8B$99.72$2.9B$383.0M37.9%5.0823.4%0.601/93/92/71/3F-Score 63/11
VAIL RESORTS INCMTN$5.5B$152.61$3.0B$280.0M66.0%7.3518.9%0.631/95/93/70/3F-Score 73/11
Cinemark Holdings, Inc.CNK$4.7B$40.80$3.1B$138.2M————1/90/92/70/3F-Score 11/11
Manchester United plcMANU$3.9B$22.43$914.4M$45.3M-17.0%3.29-2.8%0.381/90/90/70/3F-Score 51/11
Atlanta Braves Holdings, Inc.BATRA$3.7B$56.66$732.5M$23.4M-4.4%1.40-1.8%0.421/91/91/70/3F-Score 51/11
Brightstar Lottery PLCBRSL$1.8B$9.81$2.5B$147.0M16.8%4.77—0.763/92/91/71/3F-Score 44/11