High Roller Technologies operator of the award-winning, premium online casino brands High Roller brands Fruta, today reported financial results for the fourth quarter and full year ended December 31, 2025.

Net revenues from continuing operations were $20.5 million, a decrease of $2.8 million, or 11.9%, compared to $23.2 million for the year ended December 31, 2024.

Total operating expenses were $26.6 million, a decrease of 16%, as compared to $31.7 million for the year ended December 31, 2024, primarily as a result of lower direct operating costs and advertising and promotions in 2025 vs. 2024.

Loss from operations improved to $6.2 million compared to $8.5 million in 2024, primarily due to cost cutting, operational improvements, and focusing on more profitable opportunities.

Net income from continuing operations was $690 thousand, or $0.08 per basic common share and $0.07 per diluted common share, compared to a net loss from continuing operations of $8.6 million, or $(1.19) per common share in 2024.

“2025 capped a period of significant transformation for High Roller as we improved operational efficiency, refined our geographic footprint, and positioned the business for the next phase of growth as we expand into one of the most compelling new regulated categories — U.S. Prediction Markets,” said Seth Young, Chief Executive Officer. “While we intentionally ceased B2C operations in certain markets throughout the year in response to regulatory shifts, we have worked diligently in parallel to prepare the business for the kind of scale we are anticipating through new market and product launches in 2026.”

“To accelerate our growth, we recently strengthened our balance sheet with $26 million in capital, added seasoned executives to our leadership team, and continued to build other key partnerships to complement our premium brands and existing distribution capabilities. Our planned entry into new, regulated iGaming markets like Ontario is a natural extension of our core expertise, while our planned entry into the regulated U.S. prediction market space is a tremendously exciting, high-upside strategic opportunity,” added Young. “We believe the pieces are now in place to capitalize on these opportunities, and we’re confident in our ability to execute on our strategy moving forward.”