RSI · Rush Street Interactive, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $370.36M | - | $277.91M | $269.22M | $262.41M | - | $232.11M | $220.38M | $217.43M | - |
| Cost of Revenue | $238.20M | - | $183.47M | $174.15M | $170.88M | - | $151.41M | $144.48M | $144.52M | - |
| Gross Profit | $132.16M | - | $94.44M | $95.07M | $91.52M | - | $80.69M | $75.90M | $72.91M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $31.27M | - | $25.75M | $23.79M | $25.32M | - | $26.51M | $27.21M | $25.87M | - |
| Total Operating Expenses | $327.58M | - | $258.44M | $244.89M | $247.83M | - | $225.65M | $216.18M | $215.90M | - |
| D&A | $10.73M | - | $10.19M | $9.83M | $9.49M | - | $8.47M | $7.55M | $7.10M | - |
| Operating Income | $42.78M | - | $19.47M | $24.32M | $14.58M | - | $6.46M | $4.20M | $1.53M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $19.57M | - | $7.18M | ($115.02M) | $5.07M | - | $5.27M | $6.40M | $5.30M | - |
| Net Income | $9.07M | - | $6.05M | $16.69M | $5.32M | - | $1.19M | ($100.0K) | ($727.0K) | - |
| EPS - Basic | $0.09 | - | $0.06 | $0.18 | $0.06 | - | $0.01 | $0.00 | ($0.01) | - |
| EPS - Diluted | $0.08 | - | $0.06 | $0.12 | $0.05 | - | $0.01 | $0.00 | ($0.01) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $330.56M | $336.26M | $273.50M | $240.59M | $228.22M | $229.17M | $216.27M | $193.81M | $191.16M | $168.33M |
| Accounts Receivable | $26.60M | $15.86M | $21.89M | $20.79M | $16.47M | $14.91M | $12.05M | $10.09M | $13.49M | $10.52M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $42.74M | $41.59M | $26.86M | $26.84M | $22.57M | $25.80M | $30.55M | $31.80M | $25.72M | $32.35M |
| Current Assets | $415.16M | $406.79M | $344.19M | $301.09M | $287.61M | $285.05M | $266.81M | $244.21M | $246.82M | $228.62M |
| Total Assets | $677.28M | $658.51M | $593.16M | $543.02M | $387.02M | $379.47M | $362.60M | $340.74M | $341.39M | $318.58M |
| Current Liabilities | $212.04M | $210.27M | $179.90M | $161.16M | $173.09M | $163.13M | $155.73M | $147.30M | $154.28M | $137.69M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $358.73M | $355.02M | $318.80M | $290.78M | $191.66M | $181.15M | $173.80M | $162.62M | $168.94M | $152.45M |
| Stockholders' Equity | $159.13M | $147.24M | $133.08M | $122.93M | $81.31M | $78.68M | $69.76M | $63.44M | $60.82M | $53.77M |
| Retained Earnings | ($93.55M) | ($102.62M) | ($107.87M) | ($113.92M) | ($130.61M) | ($135.93M) | ($137.95M) | ($139.14M) | ($139.04M) | ($138.32M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $20.11M | - | - | - | $28.71M | - | - | - | $30.91M | - |
| Investing Cash Flow | ($9.21M) | - | - | - | ($7.55M) | - | - | - | ($7.41M) | - |
| Financing Cash Flow | ($22.70M) | - | - | - | ($27.18M) | - | - | - | ($182.0K) | - |
| CapEx | $252.0K | - | - | - | $161.0K | - | - | - | $278.0K | - |
| Free Cash Flow | $19.86M | - | - | - | $28.55M | - | - | - | $30.63M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 35.7% | - | 34.0% | 35.3% | 34.9% | - | 34.8% | 34.4% | 33.5% | - |
| Operating margin | 11.6% | - | 7.0% | 9.0% | 5.6% | - | 2.8% | 1.9% | 0.7% | - |
| EBITDA margin | 14.4% | - | 10.7% | 12.7% | 9.2% | - | 6.4% | 5.3% | 4.0% | - |
| Net margin | 2.4% | - | 2.2% | 6.2% | 2.0% | - | 0.5% | -0.0% | -0.3% | - |
| Free cash flow margin | 5.4% | - | - | - | 10.9% | - | - | - | 14.1% | - |
| FCF / Net income | 2.19 | - | - | - | 5.37 | - | - | - | -42.13 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 8.4% | - | 9.3% | 8.8% | 9.6% | - | 11.4% | 12.3% | 11.9% | - |
| Effective tax rate | 68.3% | - | 54.2% | - | 48.8% | - | 81.6% | 101.6% | 115.9% | - |
| Return on assets | 1.3% | - | 1.0% | 3.1% | 1.4% | - | 0.3% | -0.0% | -0.2% | - |
| Return on equity | 5.7% | - | 4.5% | 13.6% | 6.5% | - | 1.7% | -0.2% | -1.2% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.96 | 1.93 | 1.91 | 1.87 | 1.66 | 1.75 | 1.71 | 1.66 | 1.60 | 1.66 |
| Quick ratio | 1.96 | 1.93 | 1.91 | 1.87 | 1.66 | 1.75 | 1.71 | 1.66 | 1.60 | 1.66 |
| Cash ratio | 1.56 | 1.60 | 1.52 | 1.49 | 1.32 | 1.40 | 1.39 | 1.32 | 1.24 | 1.22 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 4.26 | 4.47 | 4.46 | 4.42 | 4.76 | 4.82 | 5.20 | 5.37 | 5.61 | 5.93 |
| Liabilities / Assets | 0.53 | 0.54 | 0.54 | 0.54 | 0.50 | 0.48 | 0.48 | 0.48 | 0.49 | 0.48 |
| Efficiency | ||||||||||
| Asset turnover | 0.55 | - | 0.47 | 0.50 | 0.68 | - | 0.64 | 0.65 | 0.64 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 26d | - | 29d | 28d | 23d | - | 19d | 17d | 23d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 65d | - | 53d | 56d | 48d | - | 74d | 80d | 65d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 271.9x | - | 341.3x | 124.2x | 214.4x | - | 1085.0x | - | - | - |
| P / B | 14.6x | - | 36.4x | 28.4x | 30.9x | - | 36.3x | 12.1x | 8.1x | - |
| P / S | 6.3x | - | 17.4x | 13.0x | 9.6x | - | 10.9x | 3.5x | 2.3x | - |
| EV / EBITDA | 37.3x | - | 154.0x | 95.3x | 94.9x | - | 154.9x | 48.8x | 35.2x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 41.1% | - | 19.7% | 22.2% | 20.7% | - | 36.6% | 33.5% | 33.9% | - |
| Revenue CAGR (3y) | 31.6% | - | - | 22.1% | 24.8% | - | 23.6% | 50.2% | 83.5% | - |
| Revenue CAGR (5y) | 60.1% | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 44.4% | - | 17.0% | 25.3% | 25.5% | - | 50.2% | 37.5% | 32.1% | - |
| Operating income growth (YoY) | 193.5% | - | 201.2% | 479.6% | 851.5% | - | - | - | - | - |
| Net income growth (YoY) | 70.5% | - | 408.8% | - | - | - | - | 98.1% | 90.0% | - |
| EPS growth (YoY) | 60.0% | - | 500.0% | - | - | - | - | - | 90.9% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -30.4% | - | - | - | -6.8% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 95.7% | 87.1% | 90.8% | 93.8% | 33.7% | 46.3% | 35.4% | 25.6% | 15.3% | -4.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.13B totalReportable Segment$1.13B · 100.0%
Product / service
$1.13B totalOnline Wagering$1.13B · 99.4%
Social Gaming$4.93M · 0.4%
Retail Sports Services$1.98M · 0.2%
Geographic
$1.13B totalUnited States And Canada$979.57M · 86.3%
Latin America And Mexico$154.86M · 13.7%
Peer comparison
Same SIC group: Services-Miscellaneous Amusement & Recreation
Comparing Rush Street Interactive against the 5 most active filers in the same SIC group.