High Roller Technologies, Inc. reported a net revenue of $6.9 million for the three months ended June 30, 2025, marking an increase of 20% from $5.8 million in the same period last year. For the six months ended June 30, 2025, total revenue reached $13.7 million, an 11% rise compared to $12.3 million for the same period in 2024. Despite this revenue growth, the company experienced a net loss of $592,000 for the second quarter, a reduction from a loss of $1.5 million in the prior year. However, the total net loss for the first half of 2025 increased to $3.9 million from $3.4 million in 2024, primarily due to higher marketing expenses.
The company’s operational metrics showed a decline in active users, with 19,675 active users reported in Q2 2025 compared to 22,505 in Q2 2024. Unique depositing customers also fell to 17,036 from 21,170 year-over-year. The total amount of real money bets placed by users was approximately $153.2 million for the second quarter of 2025, down from $159.8 million in the same quarter of 2024. The decrease in user engagement was attributed to a strategic shift in marketing efforts aimed at acquiring higher-value customers.
High Roller Technologies has been actively refining its business strategy, focusing on geographic expansion and optimizing its marketing approach. The company soft-launched its second brand, Fruta.com, in December 2023, and is exploring further brand launches. The revenue generated through intra-group services arrangements saw a significant increase, rising to $1.1 million in Q2 2025 from $111,000 in Q2 2024, reflecting the company's efforts to leverage existing relationships in targeted markets.
As of June 30, 2025, the company reported total assets of $12.3 million, down from $16.6 million at the end of 2024, with cash and cash equivalents decreasing to $2.7 million from $6.9 million. The company’s liabilities also decreased to $9.7 million from $10.9 million, indicating a reduction in financial obligations. However, High Roller Technologies continues to face challenges, including a working capital deficiency of $5 million and an accumulated deficit of $31 million, raising concerns about its ability to continue as a going concern.
Looking ahead, High Roller Technologies aims to enhance its market presence by entering regulated markets in North America and expanding its product offerings. The company plans to utilize proceeds from its initial public offering to support these initiatives, although it acknowledges the inherent risks and uncertainties associated with its growth strategy. The management remains focused on improving operational efficiency and customer acquisition to drive future profitability.
About High Roller Technologies, Inc.
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