Persistent cash flow deficits are evident, with the company recording a $3.0M operating cash outflow in 2026Q1 that mirrors its net loss for the same period.
| Cash from Operations | -2.62M | -3.23M | -3.91M | 762K | 1.8M | 633.39K | 414.15K |
| Operating CF Margin % | - | -15.81% | -14.01% | 2.57% | 9.75% | 4.71% | 2.8% |
| Operating CF Growth % | 236.46% | 17.23% | -612.6% | -57.74% | 184.65% | 52.94% | - |
| Net Income | 1M | 690K | -5.92M | -2.82M | -3.06M | 978.45K | 68.49K |
| Depreciation & Amortization | 308K | 313K | 243K | 60K | 3.97K | 465 | 11.07K |
| Stock-Based Compensation | 733K | 1.37M | 1.05M | 219K | 113.26K | 0 | 0 |
| Deferred Taxes | -3.19M | -3.19M | 0 | 13K | -12.93K | 0 | 0 |
| Other Non-Cash Items | -2.24M | -1.25M | 352K | 135K | 1.09M | 19.72K | 2.91K |
| Working Capital Changes | -1.7M | -1.18M | 369K | 3.15M | 3.67M | -365.24K | 331.69K |
| Change in Receivables | 1.18M | 1.95M | -1.01M | 2.36M | 1.1M | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -591K | -462K | 927K | -692K | 404.49K | 404.71K | -3.66M |
| Cash from Investing | -1.63M | -1.56M | -471K | -629K | 222.55K | -768.89K | -632.35K |
| Capital Expenditures | -289K | -51K | -187K | -249K | -99.83K | -768.89K | -3.44K |
| CapEx % of Revenue | 1.7% | 0.25% | 0.67% | 0.84% | 0.54% | 5.72% | 0.02% |
| Acquisitions | 0 | 0 | 0 | 0 | 322.38K | 0 | 0 |
| Investments | - | - | - | - | - | - | - |
| Other Investing | -1.34M | -1.51M | -284K | -380K | 0 | 0 | -628.9K |
| Cash from Financing | 23.77M | -90K | 7.68M | -336K | 400K | -35.27K | 0 |
| Debt Issued (Net) | 0 | -90K | 465K | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 23.77M | 0 | 8.08M | 0 | 400K | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | -863K | -336K | 0 | -35.27K | 0 |
| Net Change in Cash | 18.54M | -5.29M | 3.91M | -105K | 2.49M | -346.32K | -55.9K |
| Free Cash Flow | -2.93M | -3.28M | -4.38M | 133K | 1.7M | -135.5K | -218.19K |
| FCF Margin % | -17.2% | -16.06% | -15.7% | 0.45% | 9.21% | -1.01% | -1.48% |
| FCF Growth % | 61.3% | 24.97% | -3390.98% | -92.19% | 1356.88% | 37.9% | - |
| FCF per Share | -0.28 | -0.34 | -0.60 | 0.02 | 0.20 | -0.02 | -0.03 |
| FCF Conversion (FCF/Net Income) | -2.93x | -4.69x | 0.66x | -0.27x | -0.59x | 0.65x | 6.05x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 25K | 28.32K | 0 | 0 |
Liquidity and operational scale
According to the provided cash flow statements, ROLR exhibits a persistent disconnect between net income and operating cash flow, with the most recent quarter showing a net loss of $3.0M that perfectly mirrors an identical $3.0M outflow in operating cash, signaling poor quality of earnings.
The consistent alignment of net losses with operating cash outflows suggests that the company lacks the non-cash accruals or depreciation benefits that typically cushion a business during downturns. Investors should monitor this direct correlation, as it implies that every dollar of reported loss translates immediately into a depletion of corporate liquidity.
As reported in financial statements, ROLR's free cash flow trajectory remains deeply negative, with the company recording a $3.0M cash burn in 2026Q1 alone, highlighting a structural inability to generate positive cash flow despite the company's attempts to maintain a premium-niche market position.
The FCF margin of -88.9% in the most recent quarter underscores the severity of the company's cash burn relative to its revenue base. This trend suggests that the current business model is not self-sustaining and may require external capital to bridge the gap between operational costs and revenue generation.
Based on historical data, ROLR's working capital dynamics are highly erratic, evidenced by a $1.4M outflow in 2026Q1 following a $1.2M inflow in 2025Q4, which suggests significant instability in the company's ability to manage its short-term assets and liabilities effectively.
This volatility in working capital changes often indicates inconsistent collection cycles or unpredictable timing of player-related liabilities. Such fluctuations complicate cash flow forecasting and may indicate that the company is struggling to optimize its cash conversion cycle in a challenging regulatory and competitive environment.
Analysis of the cash flow statement reveals that stock-based compensation, which reached $501K in 2025Q2, serves as a non-cash expense that obscures the true extent of the company's cash burn, potentially masking the underlying operational weakness that is not fully captured by net income figures alone.
While stock-based compensation is a standard accounting adjustment, its presence in a company with negative operating cash flow warrants further investigation into the dilution risk for shareholders. The reliance on equity-based incentives during periods of significant cash burn suggests that management may be attempting to preserve cash at the expense of long-term equity value.
Quick answers to the most common questions about buying ROLR stock.
High Roller Technologies, Inc. (ROLR) generated $-3.2M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
High Roller Technologies, Inc. (ROLR) reported negative free cash flow of $3.3M in 2025, indicating capital requirements exceeded cash from operations.
High Roller Technologies, Inc. (ROLR) spent $0.1M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.