Tearsheet

High Roller Technologies (ROLR)


Market Price (4/11/2026): $4.24 | Market Cap: $36.0 Mil
Sector: Consumer Discretionary | Industry: Casinos & Gaming

High Roller Technologies (ROLR)


Market Price (4/11/2026): $4.24
Market Cap: $36.0 Mil
Sector: Consumer Discretionary
Industry: Casinos & Gaming

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Megatrend and thematic drivers
Megatrends include Markets & Betting, Fintech & Digital Payments, and Digital Content & Streaming. Themes include Prediction Markets, Show more.

Weak multi-year price returns
2Y Excs Rtn is -76%, 3Y Excs Rtn is -111%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -6.2 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -30%

Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 53x

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -12%, Rev Chg QQuarterly Revenue Change % is -86%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -23%

Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 75%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.2%

High stock price volatility
Vol 12M is 459%

Key risks
ROLR key risks include [1] severe financial instability, Show more.

0 Megatrend and thematic drivers
Megatrends include Markets & Betting, Fintech & Digital Payments, and Digital Content & Streaming. Themes include Prediction Markets, Show more.
1 Weak multi-year price returns
2Y Excs Rtn is -76%, 3Y Excs Rtn is -111%
2 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -6.2 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -30%
3 Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 53x
4 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -12%, Rev Chg QQuarterly Revenue Change % is -86%
5 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -23%
6 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 75%
7 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.2%
8 High stock price volatility
Vol 12M is 459%
9 Key risks
ROLR key risks include [1] severe financial instability, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

High Roller Technologies (ROLR) stock has gained about 110% since 12/31/2025 because of the following key factors:

1. Strategic Entry into U.S. Prediction Markets through Crypto.com Partnership.

High Roller Technologies announced a binding Letter of Intent with Crypto.com | Derivatives North America in mid-January 2026 to launch a regulated, event-based prediction markets product in the United States. This strategic move positions the company in a market estimated to exceed $1 trillion in annual trading volume by 2030. The partnership aims for a product launch in Q1 2026.

2. Significant Capital Infusion from Offering and Investment.

Subsequent to December 31, 2025, High Roller Technologies raised a total of $26.0 million in gross proceeds. This included a $1.0 million strategic investment from Saratoga Casino Holdings LLC on January 9, 2026, and a $25.0 million registered direct offering of 1,892,506 shares at $13.21 per share, which closed on January 21, 2026. The capital is intended to fund sales and marketing efforts, geographic expansion, and product development, supporting the company's growth initiatives.

Show more

Stock Movement Drivers

Fundamental Drivers

The 108.3% change in ROLR stock from 12/31/2025 to 4/10/2026 was primarily driven by a 138.3% change in the company's P/S Multiple.
(LTM values as of)123120254102026Change
Stock Price ($)2.064.29108.3%
Change Contribution By: 
Total Revenues ($ Mil)2320-12.5%
P/S Multiple0.71.8138.3%
Shares Outstanding (Mil)88-0.2%
Cumulative Contribution108.3%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/10/2026
ReturnCorrelation
ROLR108.3% 
Market (SPY)-5.4%-0.0%
Sector (XLY)-5.5%-8.7%

Fundamental Drivers

The 53.2% change in ROLR stock from 9/30/2025 to 4/10/2026 was primarily driven by a 85.9% change in the company's P/S Multiple.
(LTM values as of)93020254102026Change
Stock Price ($)2.804.2953.2%
Change Contribution By: 
Total Revenues ($ Mil)2520-16.9%
P/S Multiple1.01.885.9%
Shares Outstanding (Mil)88-0.8%
Cumulative Contribution53.2%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/10/2026
ReturnCorrelation
ROLR53.2% 
Market (SPY)-2.9%0.6%
Sector (XLY)-5.6%-6.2%

Fundamental Drivers

The 34.9% change in ROLR stock from 3/31/2025 to 4/10/2026 was primarily driven by a 55.4% change in the company's P/S Multiple.
(LTM values as of)33120254102026Change
Stock Price ($)3.184.2934.9%
Change Contribution By: 
Total Revenues ($ Mil)2320-11.9%
P/S Multiple1.11.855.4%
Shares Outstanding (Mil)88-1.5%
Cumulative Contribution34.9%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/10/2026
ReturnCorrelation
ROLR34.9% 
Market (SPY)16.3%0.4%
Sector (XLY)15.0%-3.0%

Fundamental Drivers

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Market Drivers

3/31/2023 to 4/10/2026
ReturnCorrelation
ROLR  
Market (SPY)63.3%2.6%
Sector (XLY)54.4%0.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
ROLR Return----44%-53%94%-49%
Peers Return-20%-50%54%41%-8%-11%-30%
S&P 500 Return27%-19%24%23%16%-0%82%

Monthly Win Rates [3]
ROLR Win Rate---0%42%50% 
Peers Win Rate38%33%53%52%62%45% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
ROLR Max Drawdown----45%-68%0% 
Peers Max Drawdown-38%-60%-14%-24%-31%-31% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: DKNG, FLUT, RSI, PENN, CZR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/10/2026 (YTD)

How Low Can It Go

ROLR has limited trading history. Below is the Consumer Discretionary sector ETF (XLY) in its place.

Unique KeyEventXLYS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-40.3%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven67.4%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven680 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-33.9%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven51.3%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven82 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-21.9%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven28.1%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven105 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-60.1%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven150.8%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven779 days1,480 days

Compare to DKNG, FLUT, RSI, PENN, CZR

In The Past

SPDR Select Sector Fund's stock fell -40.3% during the 2022 Inflation Shock from a high on 11/19/2021. A -40.3% loss requires a 67.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

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About High Roller Technologies (ROLR)

High Roller Technologies, Inc. is an evolving and growth-oriented global online gaming operator. We offer a compelling real money online casino platform. We define the term platform (“Platform”) as the fusion of our technical IP, commercial partnerships, and operational expertise including an in-house developed domain customizable frontend and content management system (CMS) which offers enhanced search engine optimization, direct API integrations, faster load times, and better scalability. We utilize a third party player account management system (PAM) that offers us a high level of control over game integrations, payment provider solutions, and overall player management. Our experienced operational management team actively oversees engagement with our players and partners. Our Platform is based around a set of gaming products, which we refer to as “iCasino” and is offered to players in select markets throughout the world. We offer a wide range of games, including many that are available in land-based casinos. We currently offer more than 3,000 games from over 50 providers, representing largely the entire range of iCasino games which we believe are most attractive to our player base including video slots, blackjack, roulette, baccarat, craps, and video poker. A number of our most popular games are available to play with a live dealer including blackjack, video poker, roulette, baccarat, craps, Game Shows, which is the fastest growing live casino segment, and other popular live games. Our offerings incorporate attractive graphics, targeted bonuses, and interactive social elements in a secure environment featuring rapid onboarding and payouts. Our selections of games include but are not limited to those sourced from: . Evolution Gaming . Pragmatic Play . Push Gaming . No Limit City . Play’n GO . Relax Gaming . Red Tiger Gaming . Big Time Gaming . Netent . Quickspin . Games Global --- High Roller Technologies, Inc. was incorporated in Delaware in December 2021. Our principal subsidiaries are (i) HR Entertainment Ltd. (organized under the laws of the British Virgin Islands), online casino operator and service provider, (ii) Interstellar Entertainment NV (organized under the laws of Curacao), online casino operator and holder of our Curacao gaming sublicense, (iii) Ellmount Entertainment Ltd., (organized under laws of Malta), an affiliate marketer and lead generator through our CasinoRoom.com brand, (iv) Wowly NV (organized under the laws of Curacao) which manages certain internet related advertising services on behalf of Ellmount Entertainment and (v) HighRoller Ventures Ltd. (organized under the laws of Malta), which provides customer and certain administrative support. Our principal executive offices are located at 400 South 4th Street, Suite 500 - #390, Las Vegas, Nevada.

AI Analysis | Feedback

Here are a few analogies to describe High Roller Technologies (ROLR):

  • Imagine it like a **Netflix for real-money online casino games**, offering a vast library of games from many providers on a digital platform.

  • Think of it as a **DraftKings or FanDuel, but exclusively focused on online casino games** like slots, blackjack, and live dealer experiences, rather than sports betting.

AI Analysis | Feedback

  • Online Casino Platform: High Roller Technologies provides a comprehensive technical and operational solution for delivering a real-money online casino experience, featuring in-house developed frontend, content management system, and third-party player account management.
  • iCasino Gaming: The company offers a vast selection of over 3,000 real-money online casino games, including video slots, table games, video poker, and live dealer options from numerous providers, to players in select markets worldwide.
  • Affiliate Marketing: Through its subsidiary Ellmount Entertainment Ltd., the company provides affiliate marketing and lead generation services to attract new players to its online casino brands, notably CasinoRoom.com.

AI Analysis | Feedback

High Roller Technologies (ROLR) primarily sells its services to **individuals** rather than other companies. The company operates as an online gaming operator, offering its iCasino platform directly to players in select markets worldwide.

Based on the company description, the categories of customers it serves can be described as:

  • Online Casino Players: Individuals who engage in real-money online casino gaming through High Roller Technologies' platform. These are the core customers who participate in the iCasino offerings.
  • Players with Diverse Gaming Preferences: Customers who are attracted to a broad selection of iCasino games. This includes players interested in video slots, traditional table games (such as blackjack, roulette, baccarat, craps, and video poker), and a wide range of live dealer games, including the fast-growing Game Shows segment.
  • Experience-Oriented Players: Individuals who seek a secure, engaging, and user-friendly online gaming experience. These customers value features such as attractive graphics, targeted bonuses, interactive social elements, rapid onboarding, and efficient payout processes, all of which are emphasized in High Roller Technologies' offerings.

AI Analysis | Feedback

  • Evolution Gaming (NASDAQ Stockholm: EVO)
  • Pragmatic Play
  • Push Gaming
  • No Limit City
  • Play’n GO
  • Relax Gaming
  • Red Tiger Gaming
  • Big Time Gaming
  • Netent
  • Quickspin
  • Games Global

AI Analysis | Feedback

High Roller Technologies Management Team

Seth Young, Chief Executive Officer

Mr. Young is a widely recognized interactive gaming expert with a successful track record in new gaming technologies and strategies. Prior to joining High Roller, he served as Chief Innovation Officer at PointsBet, where his responsibilities included strategic corporate development, fundraising, partnerships, government and regulatory affairs, product development, and M&A initiatives. He previously held roles as Chief Operating Officer at FSG Digital and Executive Director of Online Gaming at Foxwoods Resort Casino. Mr. Young currently serves on the board of directors for Kinectify and has previously served on the boards of Kindbridge Behavioral Health, EQL Games, and Aquimo Technologies. He attended Harvard Business School for Mergers and Acquisitions, Strategy, Execution, and Post-Merger Management.

Adam Felman, Chief Financial Officer

Prior to joining High Roller, Mr. Felman served as Chief Financial Officer and Member of the Board of Directors of Digital Gaming Corporation, a leading online gaming company and B2B supplier. In 2023, he transitioned from private to public market operations following the sale of Digital Gaming Corporation to Super Group (SGHC). From 2013 to 2017, Mr. Felman, a Chartered Accountant (ACA), was in practice at Hazlems Fenton LLP. He received Joint Honors in Mathematics and Business from Aston University in 2013.

Jake Francis, Chief Operating Officer

Prior to joining High Roller, Mr. Francis served as Senior Vice President of Operations for BlueBet, Senior Director of Operations at Penn Entertainment, and Director of Internet Gaming Compliance at Hard Rock. He also worked in risk management at NYX Gaming Group. Mr. Francis began his career in 2007 as an Auditor, Bureau of Gaming Operations, at the Pennsylvania Gaming Control Board. He holds an M.B.A. in Business Strategy from the Fox School of Business at Temple University and a B.S. in Marketing from Lehigh University.

Carlo Scappaticci, Chief Marketing Officer

Mr. Scappaticci is an accomplished iGaming executive with two decades of experience spanning marketing, product, and operations leadership. He has held senior roles at WynnBET, Pala Interactive, and Dafabet, where he led strategies in user acquisition, CRM, VIP development, and brand growth. Mr. Scappaticci played a pivotal role in Pala Interactive's successful acquisition by Boyd Gaming in 2022. He also served as CMO at Askott Entertainment and Marketing Director at DafaBet.

Andrew Walter, Chief Legal and Compliance Officer

Mr. Walter brings over a decade of hands-on experience in gaming law, regulatory affairs, and compliance across both the public and private sectors. He previously served nearly eight years at the Connecticut Lottery Corporation and led compliance and regulatory affairs at PointsBet during its multi-state expansion. Mr. Walter holds a BA in International Management and a JD, and is admitted to practice in Connecticut. He oversees legal, regulatory compliance, and responsible gaming for High Roller.

AI Analysis | Feedback

Key Risks to High Roller Technologies (ROLR):

  1. Regulatory and Legal Risks: As a global online gaming operator, High Roller Technologies faces significant and evolving regulatory and legal risks across the various jurisdictions in which it operates. Changes in gaming laws, licensing requirements, taxation, or enforcement policies in key markets could lead to operational restrictions, increased compliance costs, fines, or even the loss of licenses, such as its Curacao gaming sublicense, thereby severely impacting its ability to conduct business and generate revenue.
  2. Intense Competition: The online gaming market is highly competitive and rapidly evolving. High Roller Technologies competes with numerous established and emerging online casino operators offering similar games and services. This intense competition could lead to increased customer acquisition costs, pressure on pricing, challenges in retaining players, and difficulty in differentiating its platform, potentially affecting its market share and profitability.
  3. Dependency on Third-Party Systems and Content Providers: The company relies on a third-party player account management system (PAM) for critical functions like game integrations, payment solutions, and player management. Additionally, it offers over 3,000 games sourced from more than 50 providers. Any disruptions, failures, or changes in terms with these key third-party technology and content providers could negatively impact its operations, game offerings, player experience, and ultimately its financial performance.

AI Analysis | Feedback

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AI Analysis | Feedback

The addressable market for High Roller Technologies' main products, which include online casino games such as video slots, blackjack, roulette, baccarat, craps, video poker, and live dealer games (iCasino), is the global online casino market. The global online casino market size was estimated at USD 19.11 billion in 2024. This market is projected to reach USD 38.00 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 12.2% from 2025 to 2030. In 2023, another estimate valued the global online casino market at $17 billion, with projections to reach $39 billion by 2032, at a CAGR of approximately 12.5% between 2024 and 2032. Europe accounted for the largest revenue share, approximately 48%, within the online casino industry in 2024.

AI Analysis | Feedback

HTML output:

High Roller Technologies (ROLR) is poised for future revenue growth over the next 2-3 years, driven by several strategic initiatives and expansions:

  1. Expansion into U.S. Prediction Markets: High Roller Technologies is making a significant strategic move into the regulated U.S. prediction markets through a binding partnership with Crypto.com Derivatives North America (CDNA) to launch an event-based trading product in Q1 2026. This market is estimated to have a potential size of hundreds of billions in trading volume and is projected to exceed $1 trillion in trading volume and $10 billion in revenue by 2030. The company has also secured marketing partnerships, such as with Lines.com, to boost customer acquisition and brand awareness for this new venture.
  2. Expansion into New Regulated iGaming Markets: The company plans to expand its iGaming presence into new regulated markets. A key example is the anticipated launch of its High Roller brand in Ontario, Canada, during the second half of 2025. This expansion is expected to increase its total addressable market by approximately $2 billion.
  3. Launch of New Brands: As part of its strategic growth, High Roller Technologies finalized preparations to launch a third, locally anchored brand in Q3 2025, aiming to diversify its brand portfolio and cater to specific market segments.
  4. Enhanced Player Engagement and Retention through Web3-enabled Models: High Roller Technologies is collaborating with Power Protocol to explore Web3-enabled, incentive-driven engagement models. This initiative seeks to deepen player engagement, improve retention, and unlock new revenue opportunities within regulated digital entertainment markets by integrating mission-based rewards and behavioral incentives.
  5. Growth in Existing iCasino Operations: The company continues to focus on enhancing its core iCasino offerings. This includes expanding its game portfolio, which by Q2 2025 had grown to over 5,600 games from more than 90 providers. Efforts to increase active users and average revenue per user (ARPU) are also evident, with active users growing by 40% by year-end 2024 and ARPU increasing approximately 80% quarter-over-quarter in Q2 2025.

AI Analysis | Feedback

Share Issuance

  • In October 2024, High Roller Technologies completed its initial public offering on the NYSE American, raising $10 million in gross proceeds.
  • The company closed a registered direct offering in January 2026, issuing 1,892,506 shares of common stock at $13.21 per share, which generated approximately $25 million in gross proceeds.
  • High Roller Technologies issued 357,143 shares of common stock at $2.80 per share in a private placement to Saratoga Casino Holdings in January 2026, resulting in $1.0 million in proceeds.

Inbound Investments

  • In January 2026, High Roller Technologies received a $1.0 million strategic investment from Saratoga Casino Holdings LLC through a private placement.

Outbound Investments

  • Through its wholly-owned subsidiary, Deepdive Holdings Ltd., High Roller Technologies acquired 100% of the shares of Happy Hour Solutions Ltd. in December 2025, with the www.casinoroom.com domain name assigned as consideration.

Capital Expenditures

  • For the fiscal year ended December 31, 2025, capital expenditures totaled $187,000.
  • The proceeds from the $25 million registered direct offering in January 2026 are intended for sales and marketing, geographic expansion, product development/diversification, and general corporate purposes.
  • The company experienced negative free cash flow in Q3 2025 due to increased research and development and marketing expenses.

Latest Trefis Analyses

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Trade Ideas

Select ideas related to ROLR.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
SKY_3312026_Dip_Buyer_FCFYield03312026SKYChampion HomesDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
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0.0%0.0%0.0%
DPZ_3272026_Dip_Buyer_FCFYield03272026DPZDomino's PizzaDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
3.1%3.1%0.0%
ETSY_3272026_Dip_Buyer_FCFYield03272026ETSYEtsyDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
5.6%5.6%0.0%
OLLI_3272026_Dip_Buyer_ValueBuy03272026OLLIOllie's Bargain OutletDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
3.1%3.1%0.0%
PATK_3272026_Insider_Buying_GTE_1Mil_EBITp+DE_V203272026PATKPatrick IndustriesInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
3.4%3.4%-1.6%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

ROLRDKNGFLUTRSIPENNCZRMedian
NameHigh Rol.DraftKin.Flutter .Rush Str.PENN Ent.Caesars . 
Mkt Price4.2922.23102.3821.0915.2526.8821.66
Mkt Cap0.011.018.72.12.05.53.8
Rev LTM206,05516,3831,1346,96111,4866,508
Op Inc LTM-6-16553872722,078179
FCF LTM-5508407132-177493269
FCF 3Y Avg-323056157-95257144
CFO LTM-36631,1841655081,302586
CFO 3Y Avg-23601,241894411,395400

Growth & Margins

ROLRDKNGFLUTRSIPENNCZRMedian
NameHigh Rol.DraftKin.Flutter .Rush Str.PENN Ent.Caesars . 
Rev Chg LTM-11.9%27.0%16.6%22.8%5.8%2.1%11.2%
Rev Chg 3Y Avg-40.2%-24.4%2.9%2.1%13.6%
Rev Chg Q-86.2%42.8%24.9%27.8%8.2%4.2%16.6%
QoQ Delta Rev Chg LTM-12.5%10.9%6.1%6.6%2.0%1.0%4.1%
Op Mgn LTM-30.2%-0.3%3.4%7.7%3.9%18.1%3.6%
Op Mgn 3Y Avg-25.3%-11.5%1.6%1.0%4.0%20.2%1.3%
QoQ Delta Op Mgn LTM5.5%5.4%-0.3%1.0%0.6%-0.0%0.8%
CFO/Rev LTM-15.8%10.9%7.2%14.5%7.3%11.3%9.1%
CFO/Rev 3Y Avg-10.0%6.6%8.9%8.4%6.6%12.2%7.5%
FCF/Rev LTM-23.4%8.4%2.5%11.6%-2.5%4.3%3.4%
FCF/Rev 3Y Avg-13.9%3.8%4.0%4.9%-1.4%2.2%3.0%

Valuation

ROLRDKNGFLUTRSIPENNCZRMedian
NameHigh Rol.DraftKin.Flutter .Rush Str.PENN Ent.Caesars . 
Mkt Cap0.011.018.72.12.05.53.8
P/S1.81.81.11.80.30.51.5
P/EBIT-16.7406.840.123.8-4.92.913.4
P/E52.72,971.9-49.362.1-2.4-11.025.2
P/CFO-11.316.615.812.54.04.28.4
Total Yield1.9%0.0%-2.0%1.6%-41.3%-9.1%-1.0%
Dividend Yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg-1.3%1.4%0.6%-4.4%4.0%1.3%
D/E0.00.20.70.05.54.50.4
Net D/E-0.00.10.5-0.25.24.40.3

Returns

ROLRDKNGFLUTRSIPENNCZRMedian
NameHigh Rol.DraftKin.Flutter .Rush Str.PENN Ent.Caesars . 
1M Rtn7.3%-13.1%-6.6%0.1%2.6%-7.5%-3.2%
3M Rtn63.1%-36.8%-52.4%9.5%5.7%9.1%7.4%
6M Rtn47.4%-32.0%-57.7%14.9%-6.1%23.0%4.4%
12M Rtn43.5%-36.0%-55.4%86.8%3.8%5.6%4.7%
3Y Rtn-44.9%18.6%-45.2%596.0%-48.8%-41.5%-43.2%
1M Excs Rtn6.6%-13.7%-7.2%-0.5%1.9%-8.1%-3.8%
3M Excs Rtn92.2%-36.7%-51.4%11.5%7.2%8.7%8.0%
6M Excs Rtn36.1%-35.5%-59.3%14.7%-10.7%14.1%1.7%
12M Excs Rtn2.9%-67.1%-88.6%62.9%-25.9%-22.5%-24.2%
3Y Excs Rtn-111.2%-49.7%-109.7%525.2%-114.0%-111.2%-110.4%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil2025202420232022
Single Segment23   
Net gaming revenue 171313
Net revenue generated through intra-group service arrangements 110
Net gaming revenue from white label operations  01
Total23181315


Price Behavior

Price Behavior
Market Price$4.29 
Market Cap ($ Bil)0.0 
First Trading Date10/23/2024 
Distance from 52W High-81.9% 
   50 Days200 Days
DMA Price$4.32$3.57
DMA Trendupdown
Distance from DMA-0.7%20.3%
 3M1YR
Volatility900.8%462.4%
Downside Capture-1.07-0.45
Upside Capture54.97-17.91
Correlation (SPY)-0.7%0.1%
ROLR Betas & Captures as of 3/31/2026

 1M2M3M6M1Y3Y
Beta2.493.99-0.180.320.07-0.16
Up Beta-1.836.18-0.700.11-0.101.93
Down Beta0.211.2011.477.632.933.78
Up Capture320%265%336%107%-10%3%
Bmk +ve Days7162765139424
Stock +ve Days7132651111148
Down Capture338%417%-162%57%-28%79%
Bmk -ve Days12233358110323
Stock -ve Days15283671134202

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ROLR
ROLR45.4%462.4%0.87-
Sector ETF (XLY)28.9%22.5%1.05-4.2%
Equity (SPY)31.2%17.3%1.47-0.7%
Gold (GLD)60.1%27.8%1.695.0%
Commodities (DBC)29.8%16.6%1.580.4%
Real Estate (VNQ)21.3%15.2%1.076.1%
Bitcoin (BTCUSD)-5.7%43.7%-0.0110.2%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ROLR
ROLR-10.6%389.3%0.60-
Sector ETF (XLY)6.3%23.7%0.230.2%
Equity (SPY)11.1%17.0%0.502.5%
Gold (GLD)22.1%17.8%1.025.3%
Commodities (DBC)11.8%18.8%0.521.4%
Real Estate (VNQ)3.7%18.8%0.106.8%
Bitcoin (BTCUSD)4.0%56.5%0.299.8%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ROLR
ROLR-5.4%389.3%0.60-
Sector ETF (XLY)12.2%22.0%0.510.2%
Equity (SPY)13.8%17.9%0.662.5%
Gold (GLD)14.2%15.9%0.745.3%
Commodities (DBC)8.6%17.6%0.411.4%
Real Estate (VNQ)5.1%20.7%0.226.8%
Bitcoin (BTCUSD)67.4%66.9%1.079.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date3312026
Short Interest: Shares Quantity0.3 Mil
Short Interest: % Change Since 315202613.5%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest2.7 days
Basic Shares Quantity8.5 Mil
Short % of Basic Shares3.5%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
3/10/2026-6.8%0.2%-6.8%
11/12/2025-0.4%-14.1%-29.3%
8/12/202510.9%13.8%44.3%
3/21/20252.8%19.5%12.5%
12/5/202417.6%11.1%-36.5%
SUMMARY STATS   
# Positive342
# Negative213
Median Positive10.9%12.5%28.4%
Median Negative-3.6%-14.1%-29.3%
Max Positive17.6%19.5%44.3%
Max Negative-6.8%-14.1%-36.5%

SEC Filings

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Report DateFiling DateFiling
12/31/202503/10/202610-K
09/30/202511/12/202510-Q
06/30/202508/12/202510-Q
03/31/202505/15/202510-Q
12/31/202403/21/202510-K
09/30/202412/04/202410-Q
06/30/202410/23/2024424B4
03/31/202406/10/2024S-1/A
09/30/202302/02/2024S-1/A
12/31/202102/15/2023DRS/A

Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Felman, Adam JonathanChief Financial OfficerDirectBuy122220251.369,50012,92087,788Form
2Francis, John Milton IvChief Operating OfficerDirectBuy121020251.761,4242,5062,506Form
3Francis, John Milton IvChief Operating OfficerDirectBuy121020251.891,3212,4975,188Form
4Young, Seth AdamChief Executive OfficerDirectBuy120820251.585,8509,24320,218Form
5Young, Seth AdamChief Executive OfficerDirectBuy111920252.464,69111,56017,117Form