Home / Going-concern warnings / High Roller Technologies, Inc.
Filed 2025-11-12 路 Form 10-Q 路 Accession 0001753926-25-001732 nano
Price before filing: $2.56 (2025-11-11 close, split/dividend-adjusted)
Market cap at flag: $21.5M (2025-11-12) 路 Latest: $53.1M (2026-10-16)
| Window | ROLR | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -29.3% | -0.2% | -29.1% | 2025-12-12 |
| 90 days | +89.5% | +1.6% | +87.8% | 2026-02-10 |
| 180 days | +198.8% | +8.9% | +190.0% | 2026-05-11 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 3 insiders bought $76K (3 purchases)
30 days after: 2 insiders bought $26K (5 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-08-18 | Eachus Brandon Christopher Director, 10% owner | Purchase | 20,000 | $2.48 | $50K | no | Form 4 |
| 2025-08-18 | Felman Adam Jonathan Chief Financial Officer | Purchase | 5,050 | $2.39 | $12K | no | Form 4 |
| 2025-08-19 | Clemes Benjamin Michael Chief Executive Officer | Purchase | 5,754 | $2.53 | $15K | no | Form 4 |
| 2025-11-12: red flag filed | |||||||
| 2025-11-17 | Young Seth Adam Chief Executive Officer | Purchase | 3,091 | $2.42 | $7K | no | Form 4 |
| 2025-11-17 | Young Seth Adam Chief Executive Officer | Purchase | 1,600 | $2.55 | $4K | no | Form 4 |
| 2025-12-04 | Young Seth Adam Chief Executive Officer | Purchase | 5,850 | $1.58 | $9K | no | Form 4 |
| 2025-12-08 | Francis John Milton IV Chief Operating Officer | Purchase | 1,424 | $1.76 | $3K | no | Form 4 |
| 2025-12-09 | Francis John Milton IV Chief Operating Officer | Purchase | 1,321 | $1.89 | $2K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-08-14 to 2025-12-12. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"As a result of these factors, at September 30, 2025 , management concluded that there was substantial doubt about the Company's ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2025-09-30)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
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