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Rush Street Interactive Inc Financials

RSI
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Rush Street Interactive Inc (RSI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 50 / 100
Financial Profile 50/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
39

Rush Street Interactive Inc has an operating margin of 7.7%, meaning the company retains $8 of operating profit per $100 of revenue. This results in a moderate score of 39/100, indicating healthy but not exceptional operating efficiency. This is up from 2.7% the prior year.

Growth
71

Rush Street Interactive Inc's revenue surged 22.8% year-over-year to $1.1B, reflecting rapid business expansion. This strong growth earns a score of 71/100.

Leverage
31

Rush Street Interactive Inc has a moderate D/E ratio of 3.47. This balance of debt and equity financing earns a leverage score of 31/100.

Liquidity
35

Rush Street Interactive Inc's current ratio of 1.93 indicates adequate short-term liquidity, earning a score of 35/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
61

Rush Street Interactive Inc has a free cash flow margin of 14.5%, earning a moderate score of 61/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
61

Rush Street Interactive Inc's ROE of 22.6% shows moderate profitability relative to equity, earning a score of 61/100. This is up from 3.0% the prior year.

Altman Z-Score Safe
5.05

Rush Street Interactive Inc scores 5.05, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($2.3B) relative to total liabilities ($511.3M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral
5/9

Rush Street Interactive Inc passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed
4.95x

For every $1 of reported earnings, Rush Street Interactive Inc generates $4.95 in operating cash flow ($165.0M OCF vs $33.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$1.1B
YoY+22.8%
5Y CAGR+32.4%

Rush Street Interactive Inc generated $1.1B in revenue in fiscal year 2025. This represents an increase of 22.8% from the prior year.

EBITDA
$127.4M
YoY+122.5%

Rush Street Interactive Inc's EBITDA was $127.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 122.5% from the prior year.

Net Income
$33.3M
YoY+1294.8%
5Y CAGR+98.5%

Rush Street Interactive Inc reported $33.3M in net income in fiscal year 2025. This represents an increase of 1294.8% from the prior year.

EPS (Diluted)
$0.31
YoY+933.3%

Rush Street Interactive Inc earned $0.31 per diluted share (EPS) in fiscal year 2025. This represents an increase of 933.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$164.2M
YoY+55.6%
5Y CAGR+62.9%

Rush Street Interactive Inc generated $164.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 55.6% from the prior year.

Cash & Debt
$336.3M
YoY+46.7%
5Y CAGR+5.6%

Rush Street Interactive Inc held $336.3M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
N/A

Margins & Returns

Gross Margin
34.6%
YoY-0.2pp
5Y CAGR+3.2pp

Rush Street Interactive Inc's gross margin was 34.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.2 percentage points from the prior year.

Operating Margin
7.7%
YoY+5.0pp
5Y CAGR+55.6pp

Rush Street Interactive Inc's operating margin was 7.7% in fiscal year 2025, reflecting core business profitability. This is up 5.0 percentage points from the prior year.

Net Margin
2.9%
YoY+2.7pp
5Y CAGR+2.5pp

Rush Street Interactive Inc's net profit margin was 2.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.7 percentage points from the prior year.

Return on Equity
22.6%
YoY+19.6pp

Rush Street Interactive Inc's ROE was 22.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 19.6 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$7.6M

Rush Street Interactive Inc spent $7.6M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures
$767K
YoY-17.1%
5Y CAGR-16.3%

Rush Street Interactive Inc invested $767K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 17.1% from the prior year.

RSI Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $324.9M+16.9% $277.9M+3.2% $269.2M+2.6% $262.4M+3.2% $254.2M+9.5% $232.1M+5.3% $220.4M+1.4% $217.4M
Cost of Revenue $213.2M+16.2% $183.5M+5.4% $174.1M+1.9% $170.9M+5.7% $161.6M+6.7% $151.4M+4.8% $144.5M0.0% $144.5M
Gross Profit $111.7M+18.3% $94.4M-0.7% $95.1M+3.9% $91.5M-1.1% $92.5M+14.7% $80.7M+6.3% $75.9M+4.1% $72.9M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $25.9M+0.5% $25.7M+8.2% $23.8M-6.0% $25.3M-4.9% $26.6M+0.4% $26.5M-2.6% $27.2M+5.2% $25.9M
Operating Income $29.1M+49.2% $19.5M-20.0% $24.3M+66.9% $14.6M+13.4% $12.9M+98.9% $6.5M+54.0% $4.2M+174.0% $1.5M
Interest Expense N/A N/A N/A N/A N/A N/A $1.9M+23.0% $1.6M
Income Tax $17.7M+146.2% $7.2M+106.2% -$115.0M-2370.8% $5.1M-33.3% $7.6M+44.0% $5.3M-17.5% $6.4M+20.7% $5.3M
Net Income $5.2M-13.4% $6.1M-63.7% $16.7M+213.7% $5.3M+162.7% $2.0M+70.2% $1.2M+1290.0% -$100K+86.2% -$727K
EPS (Diluted) N/A $0.06-50.0% $0.12+140.0% $0.05 N/A $0.01 $0.00+100.0% $-0.01

RSI Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $658.5M+11.0% $593.2M+9.2% $543.0M+40.3% $387.0M+2.0% $379.5M+4.7% $362.6M+6.4% $340.7M-0.2% $341.4M
Current Assets $406.8M+18.2% $344.2M+14.3% $301.1M+4.7% $287.6M+0.9% $285.0M+6.8% $266.8M+9.3% $244.2M-1.1% $246.8M
Cash & Equivalents $336.3M+22.9% $273.5M+13.7% $240.6M+5.4% $228.2M-0.4% $229.2M+6.0% $216.3M+11.6% $193.8M+1.4% $191.2M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $15.9M-27.5% $21.9M+5.3% $20.8M+26.3% $16.5M+10.4% $14.9M+23.7% $12.1M+19.5% $10.1M-25.2% $13.5M
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $511.3M+11.1% $460.1M+9.5% $420.1M+37.4% $305.7M+1.6% $300.8M+2.7% $292.8M+5.6% $277.3M-1.2% $280.6M
Current Liabilities $210.3M+16.9% $179.9M+11.6% $161.2M-6.9% $173.1M+6.1% $163.1M+4.8% $155.7M+5.7% $147.3M-4.5% $154.3M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $147.2M+10.6% $133.1M+8.3% $122.9M+51.2% $81.3M+3.3% $78.7M+12.8% $69.8M+10.0% $63.4M+4.3% $60.8M
Retained Earnings -$102.6M+4.9% -$107.9M+5.3% -$113.9M+12.8% -$130.6M+3.9% -$135.9M+1.5% -$138.0M+0.9% -$139.1M-0.1% -$139.0M

RSI Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $69.1M+66.8% $41.4M+60.6% $25.8M-10.2% $28.7M+10.9% $25.9M-12.0% $29.4M+45.6% $20.2M-34.6% $30.9M
Capital Expenditures $177K-22.0% $227K+12.4% $202K+25.5% $161K-5.8% $171K+37.9% $124K-64.8% $352K+26.6% $278K
Free Cash Flow $68.9M+67.3% $41.2M+61.0% $25.6M-10.4% $28.6M+11.0% $25.7M-12.2% $29.3M+47.6% $19.9M-35.2% $30.6M
Investing Cash Flow -$8.1M+16.5% -$9.8M+15.6% -$11.6M-53.0% -$7.6M-5.7% -$7.1M+2.0% -$7.3M+36.6% -$11.5M-55.2% -$7.4M
Financing Cash Flow -$3.0M-436.4% -$552K+91.7% -$6.7M+75.4% -$27.2M-1279.6% -$2.0M-767.8% -$227K+16.8% -$273K-50.0% -$182K
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks $0 $0-100.0% $2.5M-52.1% $5.2M $0 $0 $0 $0

RSI Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 34.4%+0.4pp 34.0%-1.3pp 35.3%+0.4pp 34.9%-1.5pp 36.4%+1.6pp 34.8%+0.3pp 34.4%+0.9pp 33.5%
Operating Margin 8.9%+1.9pp 7.0%-2.0pp 9.0%+3.5pp 5.6%+0.5pp 5.1%+2.3pp 2.8%+0.9pp 1.9%+1.2pp 0.7%
Net Margin 1.6%-0.6pp 2.2%-4.0pp 6.2%+4.2pp 2.0%+1.2pp 0.8%+0.3pp 0.5%+0.6pp -0.1%+0.3pp -0.3%
Return on Equity 3.6%-1.0pp 4.5%-9.0pp 13.6%+7.0pp 6.5%+4.0pp 2.6%+0.9pp 1.7%+1.9pp -0.2%+1.0pp -1.2%
Return on Assets 0.8%-0.2pp 1.0%-2.1pp 3.1%+1.7pp 1.4%+0.8pp 0.5%+0.2pp 0.3%+0.4pp -0.0%+0.2pp -0.2%
Current Ratio 1.93+0.0 1.91+0.0 1.87+0.2 1.66-0.1 1.75+0.0 1.71+0.1 1.66+0.1 1.60
Debt-to-Equity 3.47+0.0 3.46+0.0 3.42-0.3 3.76-0.1 3.82-0.4 4.20-0.2 4.37-0.2 4.61
FCF Margin 21.2%+6.4pp 14.8%+5.3pp 9.5%-1.4pp 10.9%+0.8pp 10.1%-2.5pp 12.6%+3.6pp 9.0%-5.1pp 14.1%

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Frequently Asked Questions

Rush Street Interactive Inc (RSI) reported $1.1B in total revenue for fiscal year 2025. This represents a 22.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Rush Street Interactive Inc (RSI) revenue grew by 22.8% year-over-year, from $924.1M to $1.1B in fiscal year 2025.

Yes, Rush Street Interactive Inc (RSI) reported a net income of $33.3M in fiscal year 2025, with a net profit margin of 2.9%.

Rush Street Interactive Inc (RSI) reported diluted earnings per share of $0.31 for fiscal year 2025. This represents a 933.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Rush Street Interactive Inc (RSI) had EBITDA of $127.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Rush Street Interactive Inc (RSI) had a gross margin of 34.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Rush Street Interactive Inc (RSI) had an operating margin of 7.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Rush Street Interactive Inc (RSI) had a net profit margin of 2.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Rush Street Interactive Inc (RSI) has a return on equity of 22.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Rush Street Interactive Inc (RSI) generated $164.2M in free cash flow during fiscal year 2025. This represents a 55.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Rush Street Interactive Inc (RSI) generated $165.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Rush Street Interactive Inc (RSI) had $658.5M in total assets as of fiscal year 2025, including both current and long-term assets.

Rush Street Interactive Inc (RSI) invested $767K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, Rush Street Interactive Inc (RSI) spent $7.6M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Rush Street Interactive Inc (RSI) had a current ratio of 1.93 as of fiscal year 2025, which is generally considered healthy.

Rush Street Interactive Inc (RSI) had a debt-to-equity ratio of 3.47 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Rush Street Interactive Inc (RSI) had a return on assets of 5.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Rush Street Interactive Inc (RSI) has an Altman Z-Score of 5.05, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Rush Street Interactive Inc (RSI) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Rush Street Interactive Inc (RSI) has an earnings quality ratio of 4.95x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Rush Street Interactive Inc (RSI) scores 50 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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