High Roller Technologies, Inc. (ROLR) Cash Flow Statement
Where ROLR’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$3.2M
- Capital expenditures
- $51,000 0.2% of revenue
- Free cash flow
- −$3.3M −16.1% margin
- Returned to shareholders
- —
- Change in cash
- −$5.3M cash at year-end $2.7M
Drawn to scale: where the cash came from and how it was used. Hover for values.
ROLR operating cash flow, capex and free cash flow
ROLR cash flow trends, 2020–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $414,1502020 | −$3.2M2025 | — | |
| Capital expenditures | $632,3452020 | $51,0002025 | −39.6%/yr | |
| Free cash flow | −$218,1952020 | −$3.3M2025 | — | |
| Free cash flow margin | −1.5%2020 | −16.1%2025 | −14.6 pts | |
| Operating cash flow / net income | 6.052020 | −4.692025 | −10.73 | |
| Stock-based compensation | $02021 | $1.4M2025 | — | |
| Capex / revenue | 4.3%2020 | 0.2%2025 | −4.0 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ROLR cash flow by activity
ROLR net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
ROLR cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Operating activities | ||||||
| Net income | $690,000 | −$5.9M | −$2.8M | −$3.1M | $978,446 | $68,486 |
| Depreciation & amortization | $313,000 | $243,000 | $60,000 | $3,969 | $465 | $11,070 |
| Stock-based compensation | $1.4M | $1.1M | $219,000 | $113,261 | $0 | — |
| Change in working capital | −$1.2M | $369,000 | $3.2M | $3.7M | −$365,239 | $331,687 |
| Other non-cash items | −$4.4M | $352,000 | $148,000 | $1.1M | $19,719 | $2,907 |
| Cash from operating activities | −$3.2M | −$3.9M | $762,000 | $1.8M | $633,391 | $414,150 |
| Investing activities | ||||||
| Capital expenditures | −$51,000 | −$471,000 | −$629,000 | −$99,832 | −$768,893 | −$632,345 |
| Investments (net) | — | −$471,000 | −$629,000 | $222,550 | −$768,893 | −$632,345 |
| Acquisitions & other investing | −$1.5M | $471,000 | $629,000 | $99,832 | $768,893 | $632,345 |
| Cash from investing activities | −$1.6M | −$471,000 | −$629,000 | $222,550 | −$768,893 | −$632,345 |
| Financing activities | ||||||
| Net borrowing (repayment) | −$90,000 | $465,000 | $0 | — | — | — |
| Shares issued | $0 | $8.1M | $0 | $400,000 | $0 | $0 |
| Other financing | $0 | −$863,000 | −$336,000 | $0 | −$35,274 | $0 |
| Cash from financing activities | −$90,000 | $7.7M | −$336,000 | $400,000 | −$35,274 | $0 |
| Summary | ||||||
| Net change in cash | −$5.3M | $3.9M | −$105,000 | $2.5M | −$346,317 | −$55,895 |
| Cash at end of period | $2.7M | $8.0M | $4.0M | $4.1M | $1.7M | $2.0M |
| Free cash flow | −$3.3M | −$4.4M | $133,000 | $1.7M | −$135,502 | −$218,195 |
| Free cash flow margin | −16.1% | −15.7% | 0.4% | 9.2% | −1.0% | −1.5% |
| Capex / revenue | 0.2% | 1.7% | 2.1% | 0.5% | 5.7% | 4.3% |
| Operating cash flow / net income | −4.69 | — | — | — | 0.65 | 6.05 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$2.4M | −$3.0M | $3.4M | $3.7M | −$592,000 | −$3.3M | −$2.1M | −$501,000 | −$1.5M | −$1.8M | −$1.7M | −$208,018 |
| Depreciation & amortization | $69,000 | $71,000 | $56,000 | $97,000 | $84,000 | $76,000 | $71,000 | $65,000 | $57,000 | $50,000 | $54,522 | $1,944 |
| Stock-based compensation | $426,000 | $260,000 | $232,000 | $333,000 | $501,000 | $308,000 | $300,000 | $80,000 | $148,000 | $525,000 | $53,749 | $60,085 |
| Change in working capital | −$1.6M | −$1.4M | $1.2M | −$639,000 | −$848,000 | −$900,000 | −$1.1M | $85,000 | $408,000 | $937,000 | $1.8M | −$83,030 |
| Other non-cash items | $615,000 | $1.1M | −$3.6M | −$3.5M | $15,000 | $184,000 | $208,000 | $46,000 | $21,000 | $77,000 | $5,026 | $135,073 |
| Cash from operating activities | −$2.9M | −$3.0M | $1.3M | −$78,000 | −$840,000 | −$3.6M | −$2.6M | −$225,000 | −$870,000 | −$260,000 | $183,192 | −$93,946 |
| Investing activities | ||||||||||||
| Capital expenditures | −$2,000 | −$1,000 | −$21,000 | −$184,000 | −$283,000 | −$13,000 | −$146,000 | −$83,000 | −$90,000 | −$152,000 | −$235,153 | −$171,976 |
| Investments (net) | — | — | — | −$184,000 | −$283,000 | −$13,000 | −$146,000 | −$83,486 | −$89,523 | −$151,991 | −$235,153 | −$171,976 |
| Acquisitions & other investing | −$1.8M | −$78,000 | −$1.1M | $184,000 | $283,000 | $13,000 | $146,000 | $83,486 | $89,523 | $151,991 | $235,153 | $171,976 |
| Cash from investing activities | −$1.8M | −$79,000 | −$1.1M | −$184,000 | −$283,000 | −$13,000 | −$146,000 | −$83,000 | −$90,000 | −$152,000 | −$235,153 | −$171,976 |
| Financing activities | ||||||||||||
| Net borrowing (repayment) | $0 | $0 | $0 | $0 | $0 | −$90,000 | −$35,000 | $0 | — | — | — | — |
| Shares issued | $1,000 | $23.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $46,000 | $316,000 | $0 | $0 | $0 | $0 | $7.4M | −$3,000 | $482,000 | −$145,000 | −$16,700 | −$133,052 |
| Cash from financing activities | $47,000 | $23.8M | $0 | $0 | $0 | −$90,000 | $7.3M | −$3,000 | $482,000 | −$145,000 | −$16,700 | −$133,052 |
| Summary | ||||||||||||
| Net change in cash | −$4.5M | $20.4M | −$833,000 | −$118,000 | −$917,000 | −$3.4M | $5.0M | −$300,000 | −$187,000 | −$637,000 | $51,447 | −$494,687 |
| Cash at end of period | $18.5M | $23.1M | $2.7M | $3.5M | $3.6M | $4.5M | $8.0M | $2.9M | $3.2M | $3.4M | $4.0M | $4.0M |
| Free cash flow | −$2.9M | −$3.0M | $1.3M | −$262,000 | −$1.1M | −$3.6M | −$2.7M | −$308,000 | −$960,000 | −$412,000 | −$51,961 | −$265,922 |
| Free cash flow margin | −102.7% | −88.9% | 273.5% | −4.2% | −16.2% | −53.5% | −33.5% | −4.1% | −16.5% | −6.3% | −0.7% | −3.5% |
| Capex / revenue | 0.1% | 0.0% | 4.5% | 2.9% | 4.1% | 0.2% | 1.8% | 1.1% | 1.6% | 2.3% | 3.3% | 2.3% |
| Operating cash flow / net income | — | — | 0.38 | −0.02 | — | — | — | — | — | — | — | — |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
ROLR cash generation
In fiscal 2025 (ended December 31, 2025), High Roller Technologies generated -$3.2 million of cash from operations and spent $0.1 million on capital expenditures, leaving free cash flow of -$3.3 million, −16.1% of revenue. Cash and equivalents fell by $5.3 million over the year.
Related: ROLR income statement, ROLR balance sheet. See the ROLR stock overview for the latest quote and news.
ROLR cash flow FAQ
What is High Roller Technologies's free cash flow?
High Roller Technologies's free cash flow was -$3.3 million in fiscal 2025: -$3.2 million of operating cash flow minus $0.1 million of capital expenditures It was -$4.4 million a year earlier..
How much cash does High Roller Technologies generate from operations?
High Roller Technologies generated -$3.2 million of cash from operating activities in fiscal 2025, −4.69 times its net income of $0.7 million.
How much does High Roller Technologies spend on capital expenditures?
High Roller Technologies spent $0.1 million on capital expenditures in fiscal 2025, 0.2% of revenue, compared with $0.5 million the year before.