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.

Price · RSI

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$1.13B	$924.08M	$691.16M	$592.21M	$488.11M	$278.50M
Cost of Revenue	$741.66M	$602.04M	$465.01M	$414.66M	$190.87M	-
Gross Profit	$392.76M	$322.05M	$226.15M	$177.55M	$297.23M	-
R&D	-	-	-	-	-	-
SG&A	$100.72M	$106.94M	$87.35M	$67.56M	$55.52M	$162.45M
Total Operating Expenses	$1.05B	$899.77M	$742.77M	$717.01M	$411.92M	$411.92M
D&A	$39.97M	$32.20M	$29.76M	$14.32M	$4.25M	$2.08M
Operating Income	$87.42M	$24.31M	($51.61M)	($124.80M)	($94.28M)	($133.42M)
Interest Expense	-	-	-	$573.0K	$187.0K	$135.0K
Income Tax	($85.11M)	$24.57M	$11.21M	$8.96M	$4.69M	$2.92M
Net Income	$33.31M	$2.39M	($18.30M)	($38.63M)	($19.49M)	($575.0K)
EPS - Basic	$0.35	$0.03	($0.27)	($0.61)	($0.35)	$0.02
EPS - Diluted	$0.31	$0.03	($0.27)	($0.61)	($0.51)	($0.01)

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$336.26M	$229.17M	$168.33M	$179.72M	$281.03M	$6.91M
Accounts Receivable	$15.86M	$14.91M	$10.52M	$11.17M	$5.83M	$779.0K
Inventory	-	-	-	-	-	-
Accounts Payable	$41.59M	$25.80M	$32.35M	$29.80M	$6.50M	$11.99M
Current Assets	$406.79M	$285.05M	$228.62M	$264.47M	$341.75M	$294.48M
Total Assets	$658.51M	$379.47M	$318.58M	$350.35M	$408.73M	$308.56M
Current Liabilities	$210.27M	$163.13M	$137.69M	$143.94M	$83.93M	$400.99M
Long-term Debt	-	-	-	-	-	-
Total Liabilities	$355.02M	$181.15M	$152.45M	$159.47M	$101.03M	$405.78M
Stockholders' Equity	$147.24M	$78.68M	$53.77M	$56.05M	$85.44M	($22.47M)
Retained Earnings	($102.62M)	($135.93M)	($138.32M)	($120.01M)	($81.38M)	($45.15M)

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$165.00M	$106.45M	($5.93M)	($60.32M)	($48.19M)	$16.18M
Investing Cash Flow	($37.02M)	($33.36M)	($33.78M)	($28.99M)	($37.00M)	($6.24M)
Financing Cash Flow	($37.36M)	($2.65M)	($518.0K)	($1.22M)	$125.58M	$241.07M
CapEx	$767.0K	$925.0K	$1.29M	$4.16M	$3.85M	$1.87M
Free Cash Flow	$164.24M	$105.52M	($7.22M)	($64.48M)	($52.03M)	$14.31M

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	34.6%	34.9%	32.7%	30.0%	60.9%	-
Operating margin	7.7%	2.6%	-7.5%	-21.1%	-19.3%	-47.9%
EBITDA margin	11.2%	6.1%	-3.2%	-18.7%	-18.4%	-47.2%
Net margin	2.9%	0.3%	-2.6%	-6.5%	-4.0%	-0.2%
Free cash flow margin	14.5%	11.4%	-1.0%	-10.9%	-10.7%	5.1%
FCF / Net income	4.93	44.19	0.39	1.67	2.67	-24.88
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	8.9%	11.6%	12.6%	11.4%	11.4%	58.3%
Effective tax rate	-	91.1%	-	-	-	124.5%
Return on assets	5.1%	0.6%	-5.7%	-11.0%	-4.8%	-0.2%
Return on equity	22.6%	3.0%	-34.0%	-68.9%	-22.8%	2.6%
Return on invested capital	-	-	-	-	-	-
Liquidity
Current ratio	1.93	1.75	1.66	1.84	4.07	0.73
Quick ratio	1.93	1.75	1.66	1.84	4.07	0.73
Cash ratio	1.60	1.40	1.22	1.25	3.35	0.02
Leverage
Debt / Equity	-	-	-	-	-	-
Debt / Assets	-	-	-	-	-	-
Debt / EBITDA	-	-	-	-	-	-
Interest coverage	-	-	-	-217.8x	-504.2x	-988.3x
Equity multiplier	4.47	4.82	5.93	6.25	4.78	-13.73
Liabilities / Assets	0.54	0.48	0.48	0.46	0.25	1.32
Efficiency
Asset turnover	1.72	2.44	2.17	1.69	1.19	0.90
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	5d	6d	6d	7d	4d	1d
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	20d	16d	25d	26d	12d	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	62.7x	457.3x	-	-	-	-
P / B	31.2x	15.4x	5.7x	4.1x	11.1x	-
P / S	4.0x	1.3x	0.4x	0.4x	1.9x	4.1x
EV / EBITDA	33.4x	17.4x	-	-	-	-
Growth
Revenue growth (YoY)	22.8%	33.7%	16.7%	21.3%	75.3%	-
Revenue CAGR (3y)	24.2%	23.7%	35.4%	-	-	-
Revenue CAGR (5y)	32.4%	-	-	-	-	-
Gross profit growth (YoY)	22.0%	42.4%	27.4%	-40.3%	-	-
Operating income growth (YoY)	259.6%	-	58.6%	-32.4%	29.3%	-
Net income growth (YoY)	1294.8%	-	52.6%	-98.2%	-3289.4%	-
EPS growth (YoY)	933.3%	-	55.7%	-19.6%	-5000.0%	-
EPS CAGR (3y)	-	-	-	-	-	-
EPS CAGR (5y)	-	-	-	-	-	-
FCF growth (YoY)	55.6%	-	88.8%	-23.9%	-	-
FCF CAGR (5y)	62.9%	-	-	-	-	-
Book value growth (YoY)	87.1%	46.3%	-4.1%	-34.4%	-	-

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$1.13B total

Reportable Segment$1.13B · 100.0%

Product / service

$1.13B total

Online Wagering$1.13B · 99.4%

Social Gaming$4.93M · 0.4%

Retail Sports Services$1.98M · 0.2%

Geographic

$1.13B total

United States And Canada$979.57M · 86.3%

Latin America And Mexico$154.86M · 13.7%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

2.39

Grey zone

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

5/9

Neutral

✓Net income positive
✓Operating cash flow positive
✓ROA improved YoY
✓Cash flow > net income
-Long-term debt decreased
✓Current ratio improved
✗No share dilution
✗Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Services-Miscellaneous Amusement & Recreation

Company	Revenue (last FY)	Net margin	ROE
DKNG	$6.05B	0.1%	0.6%
SEAS	$1.66B	10.1%	-38.6%
DIS	$94.42B	13.1%	11.3%
SEAT	$450.51M	178.9%	-946.9%
EVRI	-	-	-

Comparing Rush Street Interactive against the 5 most active filers in the same SIC group.