Rush Street Interactive Inc Financials
Rush Street Interactive Inc (RSI) reported $1.4B in revenue over the twelve months to Jun 30, 2026, up 34.3% from the prior twelve months. This page shows its 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).
Operating-cost absorption has turned scale into profit and cash, while low reinvestment coexists with a liability-heavy balance sheet.
Gross margin shifted only from32.7% in FY2023 to34.6% in FY2025, so the business did not need a major unit-economics change to improve earnings. Yet operating margin moved from-7.5% to7.7% , indicating that operating-cost absorption—more revenue dropping through after relatively stable gross economics—was the central profitability shift.
FY2025 operating cash flow of
Free cash flow reached
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Rush Street Interactive Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
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 40/100, indicating healthy but not exceptional operating efficiency. This is up from 2.7% the prior year.
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 88/100.
Rush Street Interactive Inc has elevated debt relative to equity (D/E of 3.47), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 17/100, reflecting increased financial risk.
Rush Street Interactive Inc's current ratio of 1.93 indicates adequate short-term liquidity, earning a score of 56/100. The company can meet its near-term obligations, though with limited headroom.
Rush Street Interactive Inc converts 14.5% of revenue into free cash flow ($164.2M). This strong cash generation earns a score of 68/100.
Rush Street Interactive Inc's ROE of 22.6% shows moderate profitability relative to equity, earning a score of 48/100. This is up from 3.0% the prior year.
Rush Street Interactive Inc scores 9.48, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($6.1B) relative to total liabilities ($511.3M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Rush Street Interactive Inc passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.
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
Earnings & Revenue
Rush Street Interactive Inc generated $1.1B in revenue in fiscal year 2025. This represents an increase of 22.8% from the prior year.
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.
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.
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
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.
Rush Street Interactive Inc held $336.3M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
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.
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.
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.
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
Rush Street Interactive Inc spent $7.6M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
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.
Not reported for fiscal year 2025.
RSI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $393.8M+6.3% | $370.4M+14.0% | $324.9M+16.9% | $277.9M+3.2% | $269.2M+2.6% | $262.4M+3.2% | $254.2M+9.5% | $232.1M |
| Cost of Revenue | $254.1M+6.7% | $238.2M+11.7% | $213.2M+16.2% | $183.5M+5.4% | $174.1M+1.9% | $170.9M+5.7% | $161.6M+6.7% | $151.4M |
| Gross Profit | $139.7M+5.7% | $132.2M+18.3% | $111.7M+18.3% | $94.4M-0.7% | $95.1M+3.9% | $91.5M-1.1% | $92.5M+14.7% | $80.7M |
| SG&A Expenses | $32.5M+3.9% | $31.3M+19.3% | $26.2M+1.8% | $25.7M+8.2% | $23.8M-4.7% | $25.0M-6.2% | $26.6M+0.4% | $26.5M |
| Operating Income | $46.2M+8.1% | $42.8M+49.0% | $28.7M+47.5% | $19.5M-20.0% | $24.3M+63.0% | $14.9M+16.1% | $12.9M+98.9% | $6.5M |
| Income Tax | $20.4M+4.1% | $19.6M+10.7% | $17.7M+146.2% | $7.2M+106.2% | -$115.0M-2370.8% | $5.1M-33.3% | $7.6M+44.0% | $5.3M |
| Net Income | $11.5M+27.3% | $9.1M+72.9% | $5.2M-13.4% | $6.1M-63.7% | $16.7M+213.7% | $5.3M+162.7% | $2.0M+70.2% | $1.2M |
| EPS (Diluted) | $0.10+25.0% | $0.08 | $0.08 | $0.06-50.0% | $0.12+140.0% | $0.05 | $0.03 | $0.01 |
Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.
RSI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $793.3M+17.1% | $677.3M+2.9% | $658.5M+11.0% | $593.2M+9.2% | $543.0M+40.3% | $387.0M+2.0% | $379.5M+4.7% | $362.6M |
| Current Assets | $424.8M+2.3% | $415.2M+2.1% | $406.8M+18.2% | $344.2M+14.3% | $301.1M+4.7% | $287.6M+0.9% | $285.0M+6.8% | $266.8M |
| Cash & Equivalents | $339.9M+2.8% | $330.6M-1.7% | $336.3M+22.9% | $273.5M+13.7% | $240.6M+5.4% | $228.2M-0.4% | $229.2M+6.0% | $216.3M |
| Accounts Receivable | $25.4M-4.6% | $26.6M+67.7% | $15.9M-27.5% | $21.9M+5.3% | $20.8M+26.3% | $16.5M+10.4% | $14.9M+23.7% | $12.1M |
| Total Liabilities | $454.4M-12.3% | $518.2M+1.3% | $511.3M+11.1% | $460.1M+9.5% | $420.1M+37.4% | $305.7M+1.6% | $300.8M+2.7% | $292.8M |
| Current Liabilities | $200.8M-5.3% | $212.0M+0.8% | $210.3M+16.9% | $179.9M+11.6% | $161.2M-6.9% | $173.1M+6.1% | $163.1M+4.8% | $155.7M |
| Total Equity | $185.1M+16.3% | $159.1M+8.1% | $147.2M+10.6% | $133.1M+8.3% | $122.9M+51.2% | $81.3M+3.3% | $78.7M+12.8% | $69.8M |
| Retained Earnings | -$82.0M+12.3% | -$93.6M+8.8% | -$102.6M+4.9% | -$107.9M+5.3% | -$113.9M+12.8% | -$130.6M+3.9% | -$135.9M+1.5% | -$138.0M |
Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.
RSI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $52.1M+158.8% | $20.1M-70.9% | $69.1M+66.8% | $41.4M+60.6% | $25.8M-10.2% | $28.7M+10.9% | $25.9M-12.0% | $29.4M |
| Capital Expenditures | $347K+37.7% | $252K+42.4% | $177K-22.0% | $227K+12.4% | $202K+25.5% | $161K-5.8% | $171K+37.9% | $124K |
| Free Cash Flow | $51.7M+160.4% | $19.9M-71.2% | $68.9M+67.3% | $41.2M+61.0% | $25.6M-10.4% | $28.6M+11.0% | $25.7M-12.2% | $29.3M |
| Investing Cash Flow | -$12.7M-37.4% | -$9.2M-13.0% | -$8.1M+16.5% | -$9.8M+15.6% | -$11.6M-53.0% | -$7.6M-5.7% | -$7.1M+2.0% | -$7.3M |
| Financing Cash Flow | -$38.8M-70.8% | -$22.7M-666.5% | -$3.0M-436.4% | -$552K+91.7% | -$6.7M+75.4% | -$27.2M-1279.6% | -$2.0M-767.8% | -$227K |
| Share Buybacks | $0 | $0 | $0 | $0-100.0% | $2.5M-52.1% | $5.2M | $0 | $0 |
Not reported in any period shown, so not listed: Dividends Paid.
RSI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.5%-0.2pp | 35.7%+1.3pp | 34.4%+0.4pp | 34.0%-1.3pp | 35.3%+0.4pp | 34.9%-1.5pp | 36.4%+1.6pp | 34.8% |
| Operating Margin | 11.7%+0.2pp | 11.6%+2.7pp | 8.8%+1.8pp | 7.0%-2.0pp | 9.0%+3.3pp | 5.7%+0.6pp | 5.1%+2.3pp | 2.8% |
| Net Margin | 2.9%+0.5pp | 2.5%+0.8pp | 1.6%-0.6pp | 2.2%-4.0pp | 6.2%+4.2pp | 2.0%+1.2pp | 0.8%+0.3pp | 0.5% |
| Return on Equity | 6.2%+0.5pp | 5.7%+2.1pp | 3.6%-1.0pp | 4.5%-9.0pp | 13.6%+7.0pp | 6.5%+4.0pp | 2.6%+0.9pp | 1.7% |
| Return on Assets | 1.5%+0.1pp | 1.3%+0.5pp | 0.8%-0.2pp | 1.0%-2.1pp | 3.1%+1.7pp | 1.4%+0.8pp | 0.5%+0.2pp | 0.3% |
| Current Ratio | 2.12+0.2x | 1.960.0x | 1.930.0x | 1.910.0x | 1.87+0.2x | 1.66-0.1x | 1.750.0x | 1.71 |
| Debt-to-Equity | 2.46-0.8x | 3.26-0.2x | 3.470.0x | 3.460.0x | 3.42-0.3x | 3.76-0.1x | 3.82-0.4x | 4.20 |
| FCF Margin | 13.1%+7.8pp | 5.4%-15.8pp | 21.2%+6.4pp | 14.8%+5.3pp | 9.5%-1.4pp | 10.9%+0.8pp | 10.1%-2.5pp | 12.6% |
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Where Rush Street Interactive Inc Ranks
Frequently Asked Questions
What is Rush Street Interactive Inc's annual revenue?
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.
How fast is Rush Street Interactive Inc's revenue growing?
Rush Street Interactive Inc (RSI) revenue grew by 22.8% year-over-year, from $924.1M to $1.1B in fiscal year 2025.
Is Rush Street Interactive Inc profitable?
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%.
What is Rush Street Interactive Inc's EBITDA?
Rush Street Interactive Inc (RSI) had EBITDA of $127.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Rush Street Interactive Inc's gross margin?
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.
What is Rush Street Interactive Inc's operating margin?
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.
What is Rush Street Interactive Inc's net profit margin?
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.
What is Rush Street Interactive Inc's return on equity (ROE)?
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.
What is Rush Street Interactive Inc's free cash flow?
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.
What is Rush Street Interactive Inc's operating cash flow?
Rush Street Interactive Inc (RSI) generated $165.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Rush Street Interactive Inc's total assets?
Rush Street Interactive Inc (RSI) had $658.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Rush Street Interactive Inc's capital expenditures?
Rush Street Interactive Inc (RSI) invested $767K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Rush Street Interactive Inc's current ratio?
Rush Street Interactive Inc (RSI) had a current ratio of 1.93 as of fiscal year 2025, which is generally considered healthy.
What is Rush Street Interactive Inc's debt-to-equity ratio?
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.
What is Rush Street Interactive Inc's return on assets (ROA)?
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.
What is Rush Street Interactive Inc's Altman Z-Score?
Rush Street Interactive Inc (RSI) has an Altman Z-Score of 9.48, 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.
What is Rush Street Interactive Inc's Piotroski F-Score?
Rush Street Interactive Inc (RSI) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Rush Street Interactive Inc's earnings high quality?
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.
How financially healthy is Rush Street Interactive Inc?
Rush Street Interactive Inc (RSI) scores 53 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.