ROLR (High Roller Technologies) Beneish M-Score: 1.75 (As of Sep. 12, 2026)

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ROLR High Roller Technologies Inc ROLR
35 GF Score
Price $6.15
! 5 Warning Signs
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What is High Roller Technologies Beneish M-Score?

High Roller Technologies ROLR -0.16% 35 Beneish M-Score is 1.75 as of Sep. 12, 2026. GuruFocus rates ROLR with a GF Score™ of 35/100. The stock has 5 warning signs investors should review. Among 813 Travel & Leisure companies, High Roller Technologies ranks worse than 97.17% on this metric.

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Warning Sign:

Beneish M-Score 1.75 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for High Roller Technologies's Beneish M-Score or its related term are showing as below:

ROLR' s Beneish M-Score Range Over the Past 10 Years
Min: -4.54   Med: -3.33   Max: 1.75
Current: 1.75

During the past 6 years, the highest Beneish M-Score of High Roller Technologies was 1.75. The lowest was -4.54. And the median was -3.33.

High Roller Technologies Beneish M-Score Historical Data

* Premium members only.

The historical data trend for High Roller Technologies's Beneish M-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

High Roller Technologies Beneish M-Score Chart

High Roller Technologies Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial 0.00 0.00 0.00 -4.54 -2.11

High Roller Technologies Quarterly Data
Dec20 Dec21 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.06 -2.70 -2.11 -2.69 1.75

ROLR vs GRSD, GLXZ, VIPZ: Beneish M-Score Comparison

For the Gambling subindustry, High Roller Technologies's Beneish M-Score, along with its competitors' market caps and Beneish M-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

High Roller Technologies Beneish M-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, High Roller Technologies's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where High Roller Technologies's Beneish M-Score falls into.


ROLR
35GF Score
High Roller Technologies Inc ROLR
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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High Roller Technologies Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of High Roller Technologies for today is based on a combination of the following eight different indices:

M=-4.84+0.92 * DSRI+0.528 * GMI+0.404 * AQI+0.892 * SGI+0.115 * DEPI
=-4.84+0.92 * 6.0895+0.528 * 0.7974+0.404 * 0.6188+0.892 * 0.5902+0.115 * 0.8444
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.2844+4.679 * -0.002912-0.327 * 0.2078
=1.75

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Jun26) TTM:Last Year (Jun25) TTM:
Total Receivables was $0.25 Mil.
Revenue was 2.809 + 3.366 + 0.465 + 6.281 = $12.92 Mil.
Gross Profit was 1.619 + 2.108 + -0.493 + 3.597 = $6.83 Mil.
Total Current Assets was $22.53 Mil.
Total Assets was $36.74 Mil.
Property, Plant and Equipment(Net PPE) was $1.08 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.29 Mil.
Selling, General, & Admin. Expense(SGA) was $13.72 Mil.
Total Current Liabilities was $5.44 Mil.
Long-Term Debt & Capital Lease Obligation was $0.53 Mil.
Net Income was -2.37 + -2.966 + 0.891 + 3.667 = $-0.78 Mil.
Non Operating Income was -0.013 + 0 + 4 + 0 = $3.99 Mil.
Cash Flow from Operations was -2.882 + -2.991 + 1.293 + -0.078 = $-4.66 Mil.
 Total Receivables was $0.07 Mil.
Revenue was 5.801 + 5.195 + 3.38 + 7.516 = $21.89 Mil.
Gross Profit was 2.92 + 2.647 + -0.238 + 3.9 = $9.23 Mil.
Total Current Assets was $3.86 Mil.
Total Assets was $12.31 Mil.
Property, Plant and Equipment(Net PPE) was $1.34 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.30 Mil.
Selling, General, & Admin. Expense(SGA) was $18.10 Mil.
Total Current Liabilities was $8.88 Mil.
Long-Term Debt & Capital Lease Obligation was $0.74 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(0.248 / 12.921) / (0.069 / 21.892)
=0.019194 / 0.003152
=6.0895

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(9.229 / 21.892) / (6.831 / 12.921)
=0.42157 / 0.528674
=0.7974

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (22.531 + 1.077) / 36.741) / (1 - (3.855 + 1.343) / 12.308)
=0.357448 / 0.577673
=0.6188

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=12.921 / 21.892
=0.5902

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI=(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1)) / (Depreciation_t / (Depreciaton_t + PPE_t))
=(0.296 / (0.296 + 1.343)) / (0.293 / (0.293 + 1.077))
=0.180598 / 0.213869
=0.8444

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(13.72 / 12.921) / (18.099 / 21.892)
=1.061837 / 0.82674
=1.2844

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((0.525 + 5.441) / 36.741) / ((0.737 + 8.88) / 12.308)
=0.16238 / 0.781362
=0.2078

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA=(IncomefromContinuingOperations_t - CashFlowsfromOperations_t) / TotalAssets_t
=(NetIncome_t - NonOperatingIncome_t - CashFlowsfromOperations_t) / TotalAssets_t
=(-0.778 - 3.987 - -4.658) / 36.741
=-0.002912

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

High Roller Technologies has a M-score of 1.75 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 1.75 mean?
High Roller Technologies (ROLR) has a Beneish M-Score of 1.75 as of Sep. 12, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on High Roller Technologies and its competitors. According to the industry distribution chart, High Roller Technologies ranks #790 out of 813 companies in the Travel & Leisure industry, placing it in the top 97.2%.
Is High Roller Technologies' Beneish M-Score too high?
High Roller Technologies' current Beneish M-Score is 1.75. Based on the distribution chart, High Roller Technologies ranks #790 out of 813 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, High Roller Technologies has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does High Roller Technologies' Beneish M-Score compare to GRSD and GLXZ?
According to the Travel & Leisure industry distribution chart, High Roller Technologies ranks #790 out of 813 companies for Beneish M-Score. This places High Roller Technologies in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a Travel & Leisure company?
A good Beneish M-Score depends on the Travel & Leisure industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on High Roller Technologies and its competitors. High Roller Technologies's current Beneish M-Score is 1.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is High Roller Technologies stock overvalued right now?
High Roller Technologies (ROLR) has a current Beneish M-Score of 1.75. The current Beneish M-Score is 1.75. High Roller Technologies' overall GF Score™ is 35/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For High Roller Technologies (ROLR), the current Beneish M-Score is 1.75 as of Sep. 12, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

High Roller Technologies Business Description

Address 400 South 4th Street, Suite 500, No. 390, Las Vegas, NV, USA, 89101
High Roller Technologies Inc is an online gaming operator focused on providing its customers with various online experiences on the market. Its platform is based around a set of gaming products, which the company refers to as iCasino, and is offered to players in select markets throughout the world. Currently, it offers several games from different providers, representing the diverse range of iCasino games, including video slots, blackjack, roulette, baccarat, craps, and video poker. A number of the company's games are available to play with a live dealer, including blackjack, video poker, roulette, baccarat, craps, game shows, and other live games. Geographically, it generates maximum revenue from Finland, and the rest from New Zealand, Canada, and the Rest of the world.
35GF Score

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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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