Rush Street Interactive, Inc. RSI
We are a leading online gaming and entertainment company that focuses primarily on online casino and online sports betting in the U.S., Canadian and Latin American markets. Our mission is to engage and delight players by delivering friendly, fun and fair betting experiences. In furtherance of this mission, we strive to create an online community for our customers where we are transparent and honest, treat our customers fairly, show them that we value their time and loyalty, and listen to feedback. We also endeavor to implement industry leading responsible gaming practices and provide our customers with a cutting-edge online gaming platform and exciting, personalized offerings that will enhance their user experience.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.13B | $924.1M | $691.2M | $592.2M | $488.1M | $278.5M | $63.7M | — |
| Cost of revenue | $741.7M | $602.0M | $465.0M | $414.7M | $332.1M | $190.9M | — | — |
| Gross profit | $392.8M | $322.0M | $226.1M | $177.5M | $156.0M | $87.6M | — | — |
| SG&A | $100.7M | $106.2M | $87.3M | $67.6M | $55.5M | $162.4M | $23.6M | — |
| Total operating expenses | $1.05B | $899.0M | $742.8M | $717.0M | $582.4M | $411.9M | $86.0M | — |
| Operating income | $87.4M | $25.0M | -$51.6M | -$124.8M | -$94.3M | -$133.4M | -$22.3M | — |
| Interest expense | — | — | $2.8M | $573.0K | $187.0K | $135.0K | $123.0K | — |
| Pre-tax income | -$11.1M | $31.8M | -$48.8M | -$125.4M | -$66.4M | -$128.7M | -$22.4M | — |
| Income tax | $85.1M | $24.6M | $11.2M | $9.0M | $4.7M | $2.9M | $0 | — |
| Net income | $74.0K | $7.2K | -$60.1K | -$134.3K | -$19.5M | $1.1M | -$22.4M | — |
| 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 | — | — |
| Shares, diluted (wtd. avg.) | $236.1M | $88.4M | $68.5M | $63.5M | $57.4M | $52.2M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $336.3M | $229.2M | $171.0M | $206.1M | $300.3M | $262.1M | $10.5M | $3.2M |
| Short-term investments | $6.2M | $4.3M | $3.1M | $0 | — | — | — | — |
| Receivables | $15.9M | $14.9M | $10.5M | $11.2M | $5.8M | $779.0K | $1.9M | — |
| Total current assets | $406.8M | $285.0M | $228.6M | $264.5M | $341.8M | $294.5M | $17.2M | — |
| Property, plant and equipment | $2.4M | $3.1M | $4.6M | $6.9M | $4.9M | $2.0M | $581.0K | — |
| Other intangibles | $76.4M | $77.3M | $74.9M | $69.0M | $53.4M | $9.8M | $7.0M | — |
| Total assets | $658.5M | $379.5M | $318.6M | $350.3M | $408.7M | $308.6M | $25.5M | — |
| Accounts payable | $41.6M | $25.8M | $32.3M | $29.8M | $6.5M | $12.0M | $707.0K | — |
| Total current liabilities | $210.3M | $163.1M | $137.7M | $143.9M | $83.9M | $401.0M | $26.1M | — |
| Total liabilities | $355.0M | $181.2M | $152.5M | $159.5M | $101.0M | $575.9M | $28.9M | — |
| Retained earnings | -$102.6M | -$135.9M | -$138.3M | -$120.0M | -$81.4M | -$61.9M | $0 | — |
| Total equity | $147.2M | $78.7M | $166.1M | $190.9M | $307.7M | -$267.3M | -$3.4M | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $165.0M | $106.4M | -$5.9M | -$60.3M | -$48.2M | $16.2M | -$2.5M | — |
| Depreciation and amortisation | $40.0M | $32.2M | $29.8M | $14.3M | $4.2M | $2.1M | $1.1M | — |
| Stock-based compensation | $26.3M | $35.3M | $30.0M | $18.7M | $24.9M | $144.7M | $13.4M | — |
| Capital expenditure | $767.0K | $925.0K | $1.3M | $4.2M | $3.8M | $1.9M | $430.0K | — |
| Investing cash flow | -$37.0M | -$33.4M | -$33.8M | -$29.0M | -$37.0M | -$6.2M | -$5.8M | — |
| Financing cash flow | -$37.4M | -$2.7M | -$518.0K | -$1.2M | $125.6M | $241.1M | $15.5M | — |
| Buybacks | $7.6M | $0 | $0 | $0 | $3.5M | $0 | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001793659-26-000016.
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