Rush Street Interactive (RSI) Financials

$27.78 -0.12 (-0.44%)

Closing price 05/8/2026 03:58 PM Eastern

Extended Trading

$27.00 -0.78 (-2.80%)

As of 05/8/2026 07:57 PM Eastern

Annual Income Statements for Rush Street Interactive

This table shows Rush Street Interactive's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-22	1.08	-19	-39	-18	2.39	33
Consolidated Net Income / (Loss)	-22	-132	-71	-134	-60	7.24	74
Net Income / (Loss) Continuing Operations	-22	-132	-71	-134	-60	7.24	74
Total Pre-Tax Income	-22	-129	-66	-125	-49	32	-11
Total Operating Income	-22	-133	-94	-125	-52	25	87
Total Gross Profit	64	88	156	178	226	322	393
Total Revenue	64	279	488	592	691	924	1,134
Operating Revenue	64	279	488	592	691	924	1,134
Total Cost of Revenue	0.00	191	332	415	465	602	742
Operating Cost of Revenue	-	191	332	415	465	602	742
Total Operating Expenses	86	221	250	302	278	297	305
Selling, General & Admin Expense	24	162	56	68	87	106	101
Marketing Expense	28	57	190	220	161	159	165
Depreciation Expense	1.14	2.08	4.25	14	30	32	40
Total Other Income / (Expense), net	-0.12	4.69	28	-0.57	2.77	6.75	-99
Interest & Investment Income	-	-	-	-0.57	2.77	7.49	9.27
Other Income / (Expense), net	0.00	4.83	28	-	-	-0.74	-108
Income Tax Expense	0.00	2.92	4.69	8.96	11	25	-85
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	-133	-52	-96	-42	4.85	41
Basic Earnings per Share	$0.00	$0.02	($0.35)	($0.61)	($0.27)	$0.03	$0.35
Weighted Average Basic Shares Outstanding	0.00	43.58M	56.27M	63.53M	68.51M	81.78M	95.83M
Diluted Earnings per Share	$0.00	($0.01)	($0.51)	($0.61)	($0.27)	$0.03	$0.31
Weighted Average Diluted Shares Outstanding	0.00	52.24M	57.43M	63.53M	68.51M	88.42M	236.12M
Weighted Average Basic & Diluted Shares Outstanding	0.00	43.58M	219.82M	221.07M	222.97M	228.06M	232.35M

This table shows Rush Street Interactive's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-4.18	-1.73	-0.73	-0.10	1.19	2.03	5.32	17	6.06	5.25	9.07
Consolidated Net Income / (Loss)	-13	-5.46	-2.21	-0.28	3.24	6.49	11	29	15	19	26
Net Income / (Loss) Continuing Operations	-13	-5.46	-2.21	-0.28	3.24	6.49	11	29	15	19	26
Total Pre-Tax Income	-11	-2.19	3.09	6.11	8.51	14	16	-86	22	37	46
Total Operating Income	-12	-3.53	1.53	4.20	6.46	12	15	24	19	29	43
Total Gross Profit	54	62	73	76	81	93	92	95	94	112	132
Total Revenue	170	194	217	220	232	254	262	269	278	325	370
Operating Revenue	170	194	217	220	232	254	262	269	278	325	370
Total Cost of Revenue	116	132	145	144	151	162	171	174	183	213	238
Operating Cost of Revenue	116	132	145	144	151	162	171	174	183	213	238
Total Operating Expenses	65	66	71	72	74	80	77	71	75	83	89
Selling, General & Admin Expense	22	23	26	27	27	27	25	24	26	26	31
Marketing Expense	35	35	38	37	39	44	42	37	39	46	47
Depreciation Expense	8.40	7.62	7.10	7.56	8.47	9.08	9.49	9.83	10	10	11
Total Other Income / (Expense), net	0.76	1.34	1.56	1.92	2.05	1.97	1.35	-111	2.56	7.75	3.00
Interest & Investment Income	0.76	-	1.56	1.92	2.05	-	1.70	2.18	2.56	2.84	3.00
Income Tax Expense	2.43	3.26	5.30	6.40	5.27	7.60	5.07	-115	7.18	18	20
Net Income / (Loss) Attributable to Noncontrolling Interest	-9.19	-3.73	-1.48	-0.18	2.05	4.46	5.89	12	8.79	14	17
Basic Earnings per Share	($0.06)	($0.02)	($0.01)	$0.00	$0.01	$0.03	$0.06	$0.18	$0.06	$0.05	$0.09
Weighted Average Basic Shares Outstanding	69.70M	68.51M	76.03M	80.05M	82.85M	81.78M	93.85M	95.05M	96.22M	95.83M	102.19M
Diluted Earnings per Share	($0.06)	($0.02)	($0.01)	$0.00	$0.01	$0.03	$0.05	$0.12	$0.06	$0.08	$0.08
Weighted Average Diluted Shares Outstanding	69.70M	68.51M	76.03M	80.05M	233.12M	88.42M	234.29M	234.51M	236.37M	236.12M	106.85M
Weighted Average Basic & Diluted Shares Outstanding	222.26M	222.97M	225.06M	225.51M	225.70M	228.06M	228.98M	228.49M	229.41M	232.35M	232.70M

This table details how cash moves in and out of Rush Street Interactive's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	7.31	252	40	-91	-35	62	108
Net Cash From Operating Activities	-2.46	16	-48	-60	-5.93	106	165
Net Cash From Continuing Operating Activities	-2.46	16	-48	-60	-5.93	106	165
Net Income / (Loss) Continuing Operations	-22	-132	-71	-134	-60	7.24	74
Consolidated Net Income / (Loss)	-22	-132	-71	-134	-60	7.24	74
Depreciation Expense	0.10	2.08	4.25	14	30	32	40
Non-Cash Adjustments To Reconcile Net Income	11	115	-2.55	12	34	51	26
Changes in Operating Assets and Liabilities, net	7.98	31	21	48	-9.47	16	25
Net Cash From Investing Activities	-5.77	-6.24	-37	-29	-34	-33	-37
Net Cash From Continuing Investing Activities	-5.77	-6.24	-37	-29	-34	-33	-37
Purchase of Property, Plant & Equipment	-0.43	-1.87	-7.94	-23	-24	-25	-29
Acquisitions	-5.34	-4.37	-3.28	0.00	-8.04	-6.16	-6.63
Purchase of Investments	-	0.00	-2.25	-0.69	-3.53	-1.86	-1.03
Sale and/or Maturity of Investments	-	-	-	-	1.71	0.00	0.00
Net Cash From Financing Activities	16	241	126	-1.22	-0.52	-2.65	-37
Net Cash From Continuing Financing Activities	16	241	126	-1.22	-0.52	-2.65	-37
Repurchase of Common Equity	-	0.00	-3.47	-	0.00	0.00	-7.63
Payment of Dividends	0.00	-5.19	-0.40	-	0.00	0.00	-0.72
Other Financing Activities, net	16	246	-2.14	-1.22	-0.52	-2.65	-29
Effect of Exchange Rate Changes	-0.01	-	-	-	5.13	-8.66	17
Cash Interest Paid	-	0.00	0.12	0.94	0.94	0.91	0.92
Cash Income Taxes Paid	0.00	0.76	3.54	6.80	7.39	17	33

This table details how cash moves in and out of Rush Street Interactive's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	25	-10	23	4.54	22	21	-0.75	9.94	36	63	-8.90
Net Cash From Operating Activities	30	0.83	31	20	29	26	29	26	41	69	20
Net Cash From Continuing Operating Activities	30	0.83	31	20	29	26	29	26	41	69	20
Net Income / (Loss) Continuing Operations	-13	-5.46	-2.21	-0.28	3.24	6.49	11	29	15	19	26
Consolidated Net Income / (Loss)	-13	-5.46	-2.21	-0.28	3.24	6.49	11	29	15	19	26
Depreciation Expense	8.40	7.62	7.10	7.56	8.47	9.08	9.49	9.83	10	10	11
Non-Cash Adjustments To Reconcile Net Income	16	-4.06	21	14	8.61	7.58	6.21	124	5.54	-110	7.70
Changes in Operating Assets and Liabilities, net	20	2.73	4.52	-1.51	9.11	2.76	1.81	-137	11	150	-25
Net Cash From Investing Activities	-6.94	-7.73	-7.41	-12	-7.30	-7.15	-7.55	-12	-9.76	-8.15	-9.21
Net Cash From Continuing Investing Activities	-6.94	-7.73	-7.41	-12	-7.30	-7.15	-7.55	-12	-9.76	-8.15	-9.21
Purchase of Property, Plant & Equipment	-5.98	-5.73	-6.61	-6.50	-6.03	-6.20	-6.99	-6.51	-8.70	-7.16	-8.22
Acquisitions	-0.96	7.11	-0.67	-3.27	-1.27	3.13	-0.56	-4.02	-1.05	-0.99	-1.00
Net Cash From Financing Activities	-0.13	-0.14	-0.18	-0.27	-0.23	-1.97	-27	-6.67	-0.55	-2.96	-23
Net Cash From Continuing Financing Activities	-0.13	-0.14	-0.18	-0.27	-0.23	-1.97	-27	-6.67	-0.55	-2.96	-23
Repurchase of Common Equity	-	-	0.00	-	-	-	-5.16	-2.47	-	-	0.00
Other Financing Activities, net	-0.13	-0.14	-0.18	-0.27	-0.23	-1.97	-22	-4.20	-0.55	-2.24	-23
Effect of Exchange Rate Changes	1.41	-	0.03	-3.89	-0.41	-	5.27	2.39	4.49	4.97	2.90
Cash Interest Paid	0.24	0.24	0.25	0.25	0.23	0.18	0.24	0.23	0.23	0.22	0.21
Cash Income Taxes Paid	-	0.14	2.16	13	0.83	0.72	3.07	25	1.21	3.30	9.10

This table presents Rush Street Interactive's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	25	309	409	350	319	379	659
Total Current Assets	17	294	342	264	229	285	407
Cash & Equivalents	6.91	256	281	180	168	229	336
Restricted Cash	3.64	6.44	19	26	2.65	3.59	4.25
Accounts Receivable	4.99	30	34	47	44	33	36
Prepaid Expenses	1.67	2.87	7.43	11	14	19	30
Plant, Property, & Equipment, net	0.58	0.00	0.00	9.76	8.61	7.24	7.74
Total Noncurrent Assets	7.71	12	67	76	81	87	244
Intangible Assets	6.96	9.75	53	69	75	77	76
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	0.52	158
Other Noncurrent Operating Assets	0.75	2.32	14	7.09	6.48	9.31	9.68
Total Liabilities & Shareholders' Equity	25	309	409	350	319	379	659
Total Liabilities	29	576	101	159	152	181	355
Total Current Liabilities	26	401	84	144	138	163	210
Accounts Payable	10	12	6.50	30	32	26	42
Accrued Expenses	-	27	48	65	51	73	82
Other Current Liabilities	8.20	362	28	48	54	65	87
Total Noncurrent Liabilities	2.78	175	17	16	15	18	145
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	0.74	129
Other Noncurrent Operating Liabilities	2.78	175	17	16	15	17	16
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	0.00	-267	308	191	166	198	303
Total Preferred & Common Equity	0.00	-62	85	56	54	79	147
Total Common Equity	0.00	-62	85	56	54	79	147
Common Stock	0.00	0.02	167	178	192	218	252
Retained Earnings	0.00	-62	-81	-120	-138	-136	-103
Accumulated Other Comprehensive Income / (Loss)	0.00	0.09	-0.48	-1.65	-0.10	-3.09	1.43
Other Equity Adjustments	-	-	-	-	-	0.00	-3.18
Noncontrolling Interest	0.00	-206	222	135	112	120	156

This table presents Rush Street Interactive's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	319	295	315	341	341	363	387	543	593	677
Total Current Assets	228	202	223	247	244	267	288	301	344	415
Cash & Equivalents	147	128	171	191	194	216	228	241	273	331
Restricted Cash	28	24	4.93	3.16	5.04	4.09	3.79	1.36	4.06	1.05
Accounts Receivable	37	39	37	34	27	29	38	37	39	46
Prepaid Expenses	15	12	10	18	18	18	18	22	27	38
Plant, Property, & Equipment, net	9.04	9.69	8.10	8.21	8.02	7.74	9.54	0.00	8.53	7.11
Total Noncurrent Assets	82	83	83	86	89	88	90	242	240	255
Intangible Assets	76	75	75	78	78	78	78	78	78	78
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	145	154	167
Other Noncurrent Operating Assets	6.58	7.70	8.19	8.45	10	10	12	19	9.26	9.32
Total Liabilities & Shareholders' Equity	319	295	315	341	341	363	387	543	593	677
Total Liabilities	145	128	152	169	163	174	192	291	319	359
Total Current Liabilities	130	113	138	154	147	156	173	161	180	212
Accounts Payable	18	18	23	26	32	31	23	27	27	43
Accrued Expenses	61	51	56	65	65	71	69	68	78	81
Other Current Liabilities	51	43	57	62	49	54	82	66	75	88
Total Noncurrent Liabilities	15	15	15	15	15	18	19	130	139	147
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	113	123	132
Other Noncurrent Operating Liabilities	15	15	15	15	15	18	19	17	16	15
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	174	167	162	172	178	189	195	252	274	319
Total Preferred & Common Equity	53	51	52	61	63	70	81	123	133	159
Total Common Equity	53	51	52	61	63	70	81	123	133	159
Common Stock	182	184	189	200	204	209	215	241	244	250
Retained Earnings	-127	-132	-137	-139	-139	-138	-131	-114	-108	-94
Accumulated Other Comprehensive Income / (Loss)	-1.59	-1.10	-0.68	-0.07	-1.41	-1.51	-1.33	-1.11	0.18	2.30
Other Equity Adjustments	-	-	-	-	-	-	-2.15	-3.18	-3.18	0.00
Noncontrolling Interest	122	116	111	112	115	119	114	129	141	159

This table displays calculated financial ratios and metrics derived from Rush Street Interactive's official financial filings.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	337.43%	75.26%	21.33%	16.71%	33.70%	22.76%
EBITDA Growth	0.00%	-497.08%	51.01%	-78.26%	80.22%	358.61%	-65.29%
EBIT Growth	0.00%	-475.94%	48.51%	-88.47%	58.64%	147.10%	-183.72%
NOPAT Growth	0.00%	-497.57%	29.34%	-32.37%	58.64%	115.31%	973.77%
Net Income Growth	0.00%	-486.39%	46.00%	-88.96%	55.29%	112.05%	923.07%
EPS Growth	0.00%	0.00%	-5,000.00%	-19.61%	55.74%	111.11%	933.33%
Operating Cash Flow Growth	0.00%	757.95%	-397.83%	-25.18%	90.17%	1,894.49%	55.01%
Free Cash Flow Firm Growth	0.00%	0.00%	-242.60%	89.29%	28.24%	175.56%	80.70%
Invested Capital Growth	0.00%	-3,720.07%	101.39%	-306.28%	68.12%	-610.40%	-7.47%
Revenue Q/Q Growth	0.00%	0.00%	6.67%	6.28%	4.27%	6.98%	6.65%
EBITDA Q/Q Growth	0.00%	0.00%	3.92%	9.29%	56.34%	43.40%	-82.01%
EBIT Q/Q Growth	0.00%	0.00%	2.35%	6.52%	32.49%	180.51%	-128.87%
NOPAT Q/Q Growth	0.00%	0.00%	6.38%	6.52%	32.49%	310.53%	24.03%
Net Income Q/Q Growth	0.00%	0.00%	4.69%	5.00%	29.89%	253.73%	20.62%
EPS Q/Q Growth	0.00%	0.00%	-50.00%	6.15%	30.77%	250.00%	19.23%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-1,476.25%	28.30%	58.97%	30.80%	35.46%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	42.93%	-17.16%	132.67%	204.11%
Invested Capital Q/Q Growth	0.00%	0.00%	136.75%	0.00%	64.96%	-9.13%	-1,061.01%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	100.00%	31.46%	31.95%	29.98%	32.72%	34.85%	34.62%
EBITDA Margin	-33.28%	-45.43%	-12.70%	-18.65%	-3.16%	6.12%	1.73%
Operating Margin	-35.07%	-47.91%	-19.32%	-21.07%	-7.47%	2.63%	7.71%
EBIT Margin	-35.07%	-46.17%	-13.57%	-21.07%	-7.47%	2.63%	-1.79%
Profit (Net Income) Margin	-35.26%	-47.27%	-14.56%	-22.68%	-8.69%	0.78%	6.53%
Tax Burden Percent	100.00%	102.27%	107.06%	107.15%	122.95%	22.75%	-668.19%
Interest Burden Percent	100.55%	100.11%	100.28%	100.46%	94.64%	130.82%	54.44%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	77.25%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	0.00%	98.49%	-352.18%	-53.89%	-33.64%	3.97%	29.51%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	-8,203.71%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-87.58%	-76.99%	-18.46%	-32.88%	-15.43%	6.96%	-3.92%
Return on Assets (ROA)	-88.06%	-78.82%	-19.82%	-35.39%	-17.96%	2.07%	14.26%
Return on Common Equity (ROCE)	0.00%	22.76%	-206.37%	-15.29%	-10.35%	1.44%	13.28%
Return on Equity Simple (ROE_SIMPLE)	0.00%	213.09%	-83.21%	-239.69%	-111.69%	9.20%	0.00%
Net Operating Profit after Tax (NOPAT)	-16	-93	-66	-87	-36	5.53	61
NOPAT Margin	-24.55%	-33.53%	-13.52%	-14.75%	-5.23%	0.60%	5.39%
Net Nonoperating Expense Percent (NNEP)	-49.03%	-27.52%	-1.81%	-18.55%	-12.69%	0.84%	4.48%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-45.77%	-21.75%	2.79%	20.16%
Cost of Revenue to Revenue	0.00%	68.54%	68.05%	70.02%	67.28%	65.15%	65.38%
SG&A Expenses to Revenue	37.14%	58.33%	11.37%	11.41%	12.64%	11.57%	8.88%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	135.07%	79.37%	51.27%	51.05%	40.19%	32.22%	26.92%
Earnings before Interest and Taxes (EBIT)	-22	-129	-66	-125	-52	24	-20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-21	-127	-62	-110	-22	57	20
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	42.34	14.12	18.56	39.36	30.27
Price to Tangible Book Value (P/TBV)	0.00	0.00	112.83	0.00	0.00	2,326.48	62.96
Price to Revenue (P/Rev)	0.00	2.24	7.41	1.34	1.44	3.35	3.93
Price to Earnings (P/E)	0.00	575.80	0.00	0.00	0.00	1,296.71	133.83
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.17%	0.00%	0.00%	0.00%	0.08%	0.75%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	480.05	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.56	7.25	1.22	1.36	3.23	3.77
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	52.79	217.82
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	122.73	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	539.39	69.83
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	9.57	0.00	0.00	0.00	28.03	25.90
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.37	0.00	0.00	0.00	84.94	67.01
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.00	1.04	-13.98	-1.02	-1.06	-1.11	-1.14
Leverage Ratio	0.00	-1.25	17.77	1.52	1.87	1.92	2.07
Compound Leverage Factor	0.00	-1.25	17.82	1.53	1.77	2.51	1.13
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	76.89%	72.23%	70.64%	67.63%	60.33%	51.49%
Common Equity to Total Capital	0.00%	23.11%	27.77%	29.36%	32.37%	39.67%	48.51%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	-0.52	22.62	3.43	5.30	12.79	9.29
Noncontrolling Interest Sharing Ratio	0.00%	76.89%	41.40%	71.62%	69.24%	63.66%	54.98%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	0.66	0.73	4.07	1.84	1.66	1.75	1.93
Quick Ratio	0.46	0.71	3.75	1.58	1.54	1.61	1.77
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	424	-605	-65	-46	35	64
Operating Cash Flow to CapEx	-571.86%	864.26%	-607.03%	-264.37%	-24.81%	420.00%	562.04%
Free Cash Flow to Firm to Interest Expense	0.00	3,141.52	-3,234.10	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	-19.99	119.84	-257.68	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-23.49	105.98	-300.13	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	2.50	1.67	1.36	1.56	2.07	2.65	2.19
Accounts Receivable Turnover	12.77	16.13	15.37	14.61	15.18	23.97	32.92
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	109.58	0.00	0.00	0.00	75.23	116.60	151.47
Accounts Payable Turnover	0.00	17.06	35.92	22.84	14.96	20.71	22.01
Days Sales Outstanding (DSO)	28.58	22.63	23.75	24.98	24.05	15.23	11.09
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	21.39	10.16	15.98	24.39	17.63	16.58
Cash Conversion Cycle (CCC)	28.58	1.24	13.59	9.00	-0.35	-2.40	-5.49
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	-14	-531	7.37	-15	-4.85	-34	-37
Invested Capital Turnover	-4.58	-1.02	-1.86	-151.17	-68.93	-47.04	-31.75
Increase / (Decrease) in Invested Capital	0.00	-517	539	-23	10	-30	-2.57
Enterprise Value (EV)	0.00	155	3,539	720	939	2,983	4,273
Market Capitalization	0.00	622	3,617	792	998	3,097	4,457
Book Value per Share	$0.00	($2.15)	$0.39	$0.25	$0.24	$0.35	$0.64
Tangible Book Value per Share	$0.00	($2.49)	$0.15	($0.06)	($0.10)	$0.01	$0.31
Total Capital	0.00	-267	308	191	166	198	303
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-11	-262	-300	-206	-171	-233	-341
Capital Expenditures (CapEx)	0.43	1.87	7.94	23	24	25	29
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-19	-369	-43	-86	-80	-111	-144
Debt-free Net Working Capital (DFNWC)	-8.88	-107	258	121	91	122	197
Net Working Capital (NWC)	-8.88	-107	258	121	91	122	197
Net Nonoperating Expense (NNE)	6.82	38	5.10	47	24	-1.70	-13
Net Nonoperating Obligations (NNO)	-14	-264	-300	-206	-171	-233	-341
Total Depreciation and Amortization (D&A)	1.14	2.08	4.25	14	30	32	40
Debt-free, Cash-free Net Working Capital to Revenue	-30.51%	-132.34%	-8.71%	-14.45%	-11.58%	-11.99%	-12.69%
Debt-free Net Working Capital to Revenue	-13.95%	-38.24%	52.82%	20.35%	13.16%	13.19%	17.32%
Net Working Capital to Revenue	-13.95%	-38.24%	52.82%	20.35%	13.16%	13.19%	17.32%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($0.35)	($0.61)	($0.27)	$0.03	$0.35
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	56.27M	63.53M	68.51M	81.78M	95.83M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($0.51)	($0.61)	($0.27)	$0.03	$0.31
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	57.43M	63.53M	68.51M	88.42M	236.12M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	219.82M	221.07M	222.97M	228.06M	232.35M
Normalized Net Operating Profit after Tax (NOPAT)	-16	-93	-66	-87	-36	17	61
Normalized NOPAT Margin	-24.55%	-33.53%	-13.52%	-14.75%	-5.23%	1.84%	5.39%
Pre Tax Income Margin	-35.26%	-46.22%	-13.60%	-21.17%	-7.07%	3.44%	-0.98%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	-181.52	-952.53	-354.10	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	-127.06	-691.80	-352.92	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-185.02	-966.39	-396.55	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-130.56	-705.67	-395.37	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	-3.94%	-0.56%	0.00%	0.00%	0.00%	0.98%
Augmented Payout Ratio	0.00%	-3.94%	-5.43%	0.00%	0.00%	0.00%	11.29%

This table displays calculated financial ratios and metrics derived from Rush Street Interactive's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	232,351,225.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	232,351,225.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.04
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	14.79%	17.11%	33.92%	33.51%	36.63%	31.11%	20.69%	22.16%	19.73%	27.83%	41.14%
EBITDA Growth	80.07%	116.96%	152.88%	286.13%	552.44%	418.40%	178.79%	-768.32%	98.57%	80.20%	122.31%
EBIT Growth	43.19%	87.57%	106.94%	129.35%	155.24%	443.52%	851.50%	-2,205.50%	201.18%	126.02%	193.46%
NOPAT Growth	43.19%	87.57%	92.92%	98.07%	130.02%	326.07%	1,017.08%	8,895.70%	433.61%	155.15%	138.30%
Net Income Growth	41.01%	82.44%	90.98%	98.31%	124.23%	218.94%	607.51%	10,323.40%	358.35%	195.04%	133.80%
EPS Growth	40.00%	85.71%	90.91%	100.00%	116.67%	250.00%	600.00%	0.00%	500.00%	166.67%	60.00%
Operating Cash Flow Growth	251.76%	110.74%	227.32%	256.92%	-3.16%	3,031.32%	-7.11%	27.60%	40.70%	166.79%	-29.95%
Free Cash Flow Firm Growth	116.37%	-571.01%	236.11%	207.29%	257.62%	374.19%	26.82%	-138.97%	-175.54%	-50.21%	-96.42%
Invested Capital Growth	0.00%	68.12%	-1,716.45%	-234.86%	-128.10%	-610.40%	-67.58%	149.63%	89.90%	-7.47%	64.39%
Revenue Q/Q Growth	2.92%	14.11%	12.16%	1.36%	5.32%	9.50%	3.24%	2.60%	3.23%	16.91%	13.99%
EBITDA Q/Q Growth	47.72%	223.84%	111.18%	36.13%	27.08%	41.89%	13.57%	-426.33%	137.76%	33.26%	35.39%
EBIT Q/Q Growth	18.18%	69.86%	143.44%	173.96%	54.01%	87.44%	20.31%	-706.22%	122.03%	49.24%	47.23%
NOPAT Q/Q Growth	18.18%	69.86%	55.65%	82.32%	1,370.48%	126.94%	79.90%	69.58%	-22.92%	15.13%	62.11%
Net Income Q/Q Growth	20.13%	59.19%	59.51%	87.23%	1,248.58%	100.31%	72.80%	157.16%	-48.51%	28.94%	36.93%
EPS Q/Q Growth	25.00%	66.67%	50.00%	100.00%	0.00%	200.00%	66.67%	140.00%	-50.00%	33.33%	0.00%
Operating Cash Flow Q/Q Growth	336.01%	-97.28%	3,637.36%	-34.61%	45.65%	-12.02%	10.87%	-10.19%	60.61%	66.82%	-70.89%
Free Cash Flow Firm Q/Q Growth	116.86%	-327.30%	252.57%	83.50%	-43.80%	74.28%	-29.44%	-156.39%	-8.94%	215.98%	-94.93%
Invested Capital Q/Q Growth	-189.99%	64.96%	-351.11%	5.20%	-52.21%	-9.13%	-6.41%	128.07%	-130.98%	-1,061.01%	64.74%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	31.63%	31.98%	33.53%	34.44%	34.77%	36.41%	34.88%	35.31%	33.98%	34.39%	35.69%
EBITDA Margin	-1.94%	2.11%	3.97%	5.33%	6.43%	8.34%	9.17%	-29.17%	10.67%	12.16%	14.45%
Operating Margin	-6.89%	-1.82%	0.70%	1.90%	2.78%	4.77%	5.56%	9.04%	7.01%	8.94%	11.55%
EBIT Margin	-6.89%	-1.82%	0.70%	1.90%	2.78%	4.77%	5.56%	-32.82%	7.01%	8.94%	11.55%
Profit (Net Income) Margin	-7.87%	-2.81%	-1.02%	-0.13%	1.40%	2.55%	4.27%	10.71%	5.34%	5.89%	7.08%
Tax Burden Percent	122.18%	248.86%	-71.47%	-4.61%	38.05%	46.07%	68.88%	-33.45%	67.41%	52.00%	57.26%
Interest Burden Percent	93.49%	62.15%	201.76%	145.68%	131.70%	116.24%	111.66%	97.53%	113.12%	126.69%	107.01%
Effective Tax Rate	0.00%	0.00%	171.47%	104.61%	61.95%	53.93%	31.12%	0.00%	32.59%	48.00%	42.74%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-52.77%	-33.64%	-21.78%	-12.36%	-2.68%	3.97%	11.23%	23.13%	26.50%	29.51%	34.65%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	89.56%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-14.50%	-3.76%	1.59%	4.80%	7.10%	12.62%	14.78%	-75.61%	15.59%	19.55%	26.97%
Return on Assets (ROA)	-16.57%	-5.82%	-2.30%	-0.32%	3.56%	6.76%	11.37%	24.67%	11.89%	12.88%	16.52%
Return on Common Equity (ROCE)	-16.74%	-10.35%	-7.13%	-4.08%	-0.93%	1.44%	4.34%	10.02%	11.61%	13.28%	16.21%
Return on Equity Simple (ROE_SIMPLE)	-166.31%	0.00%	-62.09%	-33.59%	-6.75%	0.00%	25.40%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-8.19	-2.47	-1.09	-0.19	2.46	5.58	10	17	13	15	24
NOPAT Margin	-4.82%	-1.27%	-0.50%	-0.09%	1.06%	2.20%	3.83%	6.32%	4.72%	4.65%	6.61%
Net Nonoperating Expense Percent (NNEP)	-5.87%	-1.58%	-0.60%	-0.05%	0.39%	0.45%	0.55%	5.36%	0.69%	1.41%	0.61%
Return On Investment Capital (ROIC_SIMPLE)	-	-1.49%	-	-	-	2.81%	5.14%	6.75%	4.78%	4.98%	7.69%
Cost of Revenue to Revenue	68.37%	68.02%	66.47%	65.56%	65.23%	63.59%	65.12%	64.69%	66.02%	65.61%	64.31%
SG&A Expenses to Revenue	13.19%	11.76%	11.90%	12.35%	11.42%	10.77%	9.65%	8.84%	9.26%	7.96%	8.44%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	38.51%	33.80%	32.83%	32.54%	31.98%	31.64%	29.32%	26.28%	26.98%	25.45%	24.14%
Earnings before Interest and Taxes (EBIT)	-12	-3.53	1.53	4.20	6.46	12	15	-88	19	29	43
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-3.30	4.09	8.63	12	15	21	24	-79	30	40	54
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	19.91	18.56	23.87	34.02	35.07	39.36	30.07	27.75	35.16	30.27	31.76
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	2,326.48	778.35	75.69	84.32	62.96	62.60
Price to Revenue (P/Rev)	1.55	1.44	1.95	2.69	2.83	3.35	2.52	3.35	4.40	3.93	4.07
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	1,296.71	289.87	135.27	155.53	133.83	136.37
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.08%	0.35%	0.74%	0.64%	0.75%	0.73%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	320.65	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	1.45	1.36	1.83	2.59	2.72	3.23	2.40	3.24	4.27	3.77	3.93
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	440.72	97.97	59.52	52.79	32.34	34.97	41.66	217.82	31.19
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	270.65	122.73	62.29	57.40	64.46	0.00	42.34
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	539.39	135.67	81.99	92.08	69.83	8.76
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	27.79	25.19	28.82	28.03	22.32	30.04	37.30	25.90	31.21
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	1,283.27	70.41	155.37	84.94	72.87	358.03	216.66	67.01	9.15
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-1.09	-1.06	-1.07	-1.02	-1.13	-1.11	-1.16	-1.02	-1.08	-1.14	-1.10
Leverage Ratio	1.94	1.87	1.90	1.84	1.93	1.92	1.98	2.05	2.06	2.07	2.07
Compound Leverage Factor	1.81	1.16	3.84	2.69	2.54	2.23	2.21	2.00	2.33	2.62	2.22
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	68.27%	67.63%	64.73%	64.38%	63.05%	60.33%	58.38%	51.26%	51.50%	51.49%	50.05%
Common Equity to Total Capital	31.73%	32.37%	35.27%	35.62%	36.95%	39.67%	41.62%	48.74%	48.50%	48.51%	49.95%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	5.74	5.80	7.11	10.13	10.72	12.68	10.16	8.39	10.79	9.54	10.66
Noncontrolling Interest Sharing Ratio	68.27%	69.24%	67.26%	66.96%	65.46%	63.66%	61.36%	56.69%	56.21%	54.98%	53.22%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.62	1.66	1.60	1.66	1.71	1.75	1.66	1.87	1.91	1.93	1.96
Quick Ratio	1.51	1.54	1.46	1.50	1.57	1.61	1.54	1.72	1.74	1.77	1.78
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	5.64	-13	20	36	20	35	25	-14	-15	18	0.90
Operating Cash Flow to CapEx	508.21%	14.43%	467.38%	310.73%	488.14%	417.81%	410.64%	396.30%	475.88%	965.47%	244.82%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.11	2.07	2.26	2.52	2.55	2.65	2.66	2.30	2.23	2.19	2.33
Accounts Receivable Turnover	18.02	15.18	21.04	24.48	26.30	23.97	27.07	31.82	31.19	32.92	29.82
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	81.85	75.23	86.53	90.52	109.06	116.60	109.20	0.00	130.77	151.47	149.27
Accounts Payable Turnover	19.00	14.96	23.11	21.59	21.32	20.71	26.03	22.44	24.04	22.01	24.77
Days Sales Outstanding (DSO)	20.26	24.05	17.35	14.91	13.88	15.23	13.48	11.47	11.70	11.09	12.24
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	19.21	24.39	15.79	16.91	17.12	17.63	14.02	16.26	15.18	16.58	14.73
Cash Conversion Cycle (CCC)	1.05	-0.35	1.56	-2.00	-3.24	-2.40	-0.54	-4.79	-3.48	-5.49	-2.50
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-14	-4.85	-22	-21	-32	-34	-37	10	-3.19	-37	-13
Invested Capital Turnover	-95.82	-68.93	-64.68	-299.14	-38.06	-47.04	-33.12	-194.93	-61.23	-31.75	-49.99
Increase / (Decrease) in Invested Capital	-14	10	-21	-36	-18	-30	-15	31	28	-2.57	24
Enterprise Value (EV)	960	939	1,369	2,074	2,345	2,983	2,327	3,299	4,543	4,273	4,881
Market Capitalization	1,026	998	1,452	2,158	2,447	3,097	2,445	3,412	4,680	4,457	5,054
Book Value per Share	$0.23	$0.24	$0.27	$0.28	$0.31	$0.35	$0.36	$0.54	$0.58	$0.64	$0.68
Tangible Book Value per Share	($0.11)	($0.10)	($0.08)	($0.07)	($0.04)	$0.01	$0.01	$0.20	$0.24	$0.31	$0.35
Total Capital	162	166	172	178	189	198	195	252	274	303	319
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-176	-171	-194	-199	-220	-233	-232	-242	-278	-341	-332
Capital Expenditures (CapEx)	5.98	5.73	6.61	6.50	6.03	6.20	6.99	6.51	8.70	7.16	8.22
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-91	-80	-102	-102	-109	-111	-117	-102	-113	-144	-128
Debt-free Net Working Capital (DFNWC)	86	91	93	97	111	122	115	140	164	197	203
Net Working Capital (NWC)	86	91	93	97	111	122	115	140	164	197	203
Net Nonoperating Expense (NNE)	5.17	2.99	1.11	0.09	-0.78	-0.91	-1.17	-12	-1.72	-4.03	-1.72
Net Nonoperating Obligations (NNO)	-176	-171	-194	-199	-220	-233	-232	-242	-278	-341	-332
Total Depreciation and Amortization (D&A)	8.40	7.62	7.10	7.56	8.47	9.08	9.49	9.83	10	10	11
Debt-free, Cash-free Net Working Capital to Revenue	-13.67%	-11.58%	-13.64%	-12.72%	-12.65%	-11.99%	-12.12%	-10.02%	-10.65%	-12.69%	-10.34%
Debt-free Net Working Capital to Revenue	12.90%	13.16%	12.40%	12.09%	12.86%	13.19%	11.82%	13.75%	15.45%	17.32%	16.35%
Net Working Capital to Revenue	12.90%	13.16%	12.40%	12.09%	12.86%	13.19%	11.82%	13.75%	15.45%	17.32%	16.35%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.06)	($0.02)	($0.01)	$0.00	$0.01	$0.03	$0.06	$0.18	$0.06	$0.05	$0.09
Adjusted Weighted Average Basic Shares Outstanding	69.70M	68.51M	76.03M	80.05M	82.85M	81.78M	93.85M	95.05M	96.22M	95.83M	102.19M
Adjusted Diluted Earnings per Share	($0.06)	($0.02)	($0.01)	$0.00	$0.01	$0.03	$0.05	$0.12	$0.06	$0.08	$0.08
Adjusted Weighted Average Diluted Shares Outstanding	69.70M	68.51M	76.03M	80.05M	233.12M	88.42M	234.29M	234.51M	236.37M	236.12M	106.85M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	222.26M	222.97M	225.06M	225.51M	225.70M	228.06M	228.98M	228.49M	229.41M	232.35M	232.70M
Normalized Net Operating Profit after Tax (NOPAT)	-8.19	-2.47	1.07	2.94	4.52	8.48	10	17	13	15	24
Normalized NOPAT Margin	-4.82%	-1.27%	0.49%	1.33%	1.95%	3.34%	3.83%	6.32%	4.72%	4.65%	6.61%
Pre Tax Income Margin	-6.44%	-1.13%	1.42%	2.77%	3.67%	5.54%	6.20%	-32.01%	7.92%	11.33%	12.36%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.98%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	11.29%	2.78%

Financials Breakdown Chart

Key Financial Trends

Here is a concise, investor-focused trend summary for Rush Street Interactive (NYSE: RSI) using the last four years of quarterly statements, focusing on the latest Q4 2025 data and nearby quarters.

Revenue growth and margin stability: RSI’s Operating Revenue rose to $324.9 million in Q4 2025, continuing a multi-quarter uptrend from earlier 2025 periods, with gross margins around the mid-30% range (Total Gross Profit of $111.7 million in Q4 2025 on $324.9 million revenue, ~34%).
Profitability improving: Net income from continuing operations was $19.14 million in Q4 2025, with Basic EPS of $0.05 and Diluted EPS of $0.08, signaling improving bottom-line profitability alongside the higher revenue base.
Strong operating cash flow: Net cash from continuing operating activities reached $69.09 million in Q4 2025, up from prior quarters in 2025, contributing to a positive overall cash flow trajectory for the year.
Free cash flow potential: The quarter shows solid free cash flow potential, with roughly $61.9 million of free cash flow in Q4 2025 (OCF about $69.1M minus capital expenditures around $7.2M).
Healthy liquidity indicators: As of the latest balance sheet around 2025, RSI held roughly $273–275 million in cash, with total current assets about $344 million and total current liabilities about $180 million, implying a current ratio near 1.9x and solid liquidity.
Modest, steady capital spend: Capital spending remained moderate in Q4 2025 (PPE purchases around $7.2 million) with small acquisitions, suggesting ongoing but prudent investment rather than aggressive capex expansion.
Dilution and shared ownership factors: A large number of diluted shares (roughly 236 million diluted shares in Q4 2025) contribute to a higher denominator for EPS, which can temper per-share gains even when net income rises.
Large non-cash adjustments distort cash flow: Non-Cash Adjustments To Reconcile Net Income were substantial (about -$110.3 million) in Q4 2025, which can distort the interpretation of cash flow strength in the period.
Tax rate appears elevated: In Q4 2025, pre-tax income was $36.8 million with an income tax expense of $17.7 million, implying an effective tax rate near 48%, suggesting some tax headwinds or structure factors to monitor.
Net income to common shareholders modest vs total earnings: Net income attributable to common shareholders was about $5.25 million in Q4 2025, versus $19.14 million of net income from continuing operations, reflecting noncontrolling interests and dilution that compress per-share returns.

05/09/26 07:05 AM ETAI Generated. May Contain Errors.

Rush Street Interactive Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Rush Street Interactive's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Rush Street Interactive's net income appears to be on a downward trend, with a most recent value of $74.03 million in 2025, falling from -$22.45 million in 2019. The previous period was $7.24 million in 2024. Find out what analysts predict for Rush Street Interactive in the coming months.

Rush Street Interactive's total operating income in 2025 was $87.42 million, based on the following breakdown:

Total Gross Profit: $392.76 million
Total Operating Expenses: $305.34 million

Over the last 6 years, Rush Street Interactive's total revenue changed from $63.67 million in 2019 to $1.13 billion in 2025, a change of 1,681.8%.

Rush Street Interactive's total liabilities were at $355.02 million at the end of 2025, a 96.0% increase from 2024, and a 1,130.1% increase since 2019.

In the past 6 years, Rush Street Interactive's cash and equivalents has ranged from $6.91 million in 2019 to $336.26 million in 2025, and is currently $336.26 million as of their latest financial filing in 2025.

Over the last 6 years, Rush Street Interactive's book value per share changed from 0.00 in 2019 to 0.64 in 2025, a change of 64.2%.

Related Companies

Financial statements for NYSE:RSI last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Rush Street Interactive (RSI) Financials

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Rush Street Interactive (RSI) Financials

Annual Income Statements for Rush Street Interactive

Quarterly Income Statements for Rush Street Interactive

Annual Cash Flow Statements for Rush Street Interactive

Quarterly Cash Flow Statements for Rush Street Interactive

Annual Balance Sheets for Rush Street Interactive

Quarterly Balance Sheets for Rush Street Interactive

Annual Metrics And Ratios for Rush Street Interactive

Quarterly Metrics And Ratios for Rush Street Interactive

Financials Breakdown Chart

Key Financial Trends

Rush Street Interactive Financials - Frequently Asked Questions

When does Rush Street Interactive's financial year end?

How has Rush Street Interactive's net income changed over the last 6 years?

What is Rush Street Interactive's operating income?

How has Rush Street Interactive's revenue changed over the last 6 years?

How much debt does Rush Street Interactive have?

How much cash does Rush Street Interactive have?

How has Rush Street Interactive's book value per share changed over the last 6 years?

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