High Roller Technologies Inc 2025年季度报告

FORM10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedSeptember 30, 2025 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ____________ TO ____________ Commission File Number:001-42202 High Roller Technologies, Inc.(Exact name of registrant as specified in its charter) 400 South 4th Street, Suite 500-#390,Las Vegas,NV89101(Address of principal executive office)(Zip Code) (702)509-5244(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically, every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an “emerging growth company.” See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☐Non-accelerated filer☒Smaller reporting company☒Emerging growth company☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of theAct). Yes☐No☒ As ofNovember 12, 2025, there were8,497,511shares of the registrant’s common stock, $0.001 par value per share,outstanding. HIGH ROLLER TECHNOLOGIES, INC. AND SUBSIDIARIESQUARTERLY REPORT ON FORM 10-QTABLE OF CONTENTS Item 1.Condensed Consolidated Financial Statements (unaudited)1Condensed Consolidated Balance Sheets(unaudited)1Condensed Consolidated Statements of Operations and Comprehensive Loss(unaudited)2Condensed Consolidated Statements of Stockholders’Equity (unaudited)3Condensed Consolidated Statements of Cash Flows (unaudited)4Notes to the Condensed Consolidated Financial Statements (unaudited)5Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations21Item 3.Quantitative and Qualitative Disclosures about Market Risk32Item 4.Controls and Procedures33PART II –Other InformationItem 1.Legal Proceedings34Item 1A.Risk Factors34Item 2.Unregistered Sales of Equity Securities and Use of Proceeds34Item 3.Defaults Upon Senior Securities35Item 4.Mine Safety Disclosure35Item 5.Other Information34Item 6.Exhibits36Signatures37i NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q (this “Quarterly Report”) contains forward-looking statements, about us and our industry thatinvolve substantial risks and uncertainties. All statements other than statements of historical facts contained in this Quarterly Report,including statements regarding our future results of operations or financial condition, business strategy, and plans and objectives ofmanagement for future operations are forward-looking statements.In some cases, these statements can be identified by the use offorward-looking terminology such as “believes,” “estimates,” “anticipates,” “expects,” “plans,” “intends,” “may,” “could,” “might,”“will,” “should,” “approximately,” “project,”or “potential,” or negative or other variations of those terms or comparable terminology,although not all forward-looking statements contain these words. Forward-looking statements involve risks and uncertainties because they relate to events, developments, and circumstances relating toHigh Roller Technologies, Inc., our industry, and/or general economic or other conditions that may or may not occur in the future ormay occur on longer or shorter timelines or to a greater or lesser degree than anticipated. In addition, even if future events,developments and circumstances are consistent with the forward-looking statements contained in this report, they may not bepredictive of results or developments in future periods. Although we believe that we have a reasonable basis for each forward-lookingstatement contained in this report, such information may be limited or incomplete.Our statements should not be read to indicate thatwe have conducted an exhaustive inquiry into, or review of, all relevant information. F