Welcome to our dedicated page for Rush Street Interactive SEC filings (Ticker: RSI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Rush Street Interactive, Inc. filings document an operating company in online casino and sports betting, with formal records centered on results of operations, financial condition, governance, and capital structure. Recent Form 8-K reports furnish quarterly and annual results press releases, revenue guidance, and material events involving Class A common stock, registered secondary sales by selling stockholders, and company share repurchase activity.
Proxy materials describe shareholder voting matters, board governance, executive compensation, equity awards, and related annual-meeting disclosures. Other current reports record executive officer appointments and compensatory arrangements, while registration-statement references and shelf-registration materials support disclosures about the company's publicly traded equity securities.
Rush Street Interactive reported a record fourth quarter and full year 2025, with strong growth in revenue, profitability and cash. Fourth quarter revenue reached $324.9 million, up 28% from $254.2 million a year earlier, while net income rose to $19.1 million from $6.5 million. Adjusted EBITDA for the quarter was a record $44.1 million, up 44% from $30.6 million.
For full year 2025, revenue was $1,134 million, up 23% from $924 million and above the high end of guidance. Net income surged to $74.0 million from $7.2 million, and Adjusted EBITDA grew 66% to $153.7 million, also above guidance. Unrestricted cash and cash equivalents were $336 million as of December 31, 2025, up $107 million over the year.
The company is initiating 2026 guidance, expecting revenue between $1,375 and $1,425 million, representing 21%–26% growth, and Adjusted EBITDA between $210 and $230 million, implying 37%–50% growth. Management highlighted broad-based strength across geographies, rapid user growth in online casino, and disciplined marketing spend at 14% of revenue.
Divisadero Street Capital Management, LP and related reporting persons filed an amended Schedule 13G showing significant passive ownership in Rush Street Interactive, Inc. Class A common stock. Divisadero Street Capital Management, LP and William Zolezzi each report beneficial ownership of 9,750,078 shares, representing 9.9% of the class as of December 31, 2025. Divisadero Street Partners, L.P. and its general partner each report beneficial ownership of 8,405,777 shares, or 8.6% of the class, all with shared voting and dispositive power and no sole authority. The securities are held for advisory clients, and the filers certify they are not seeking to change or influence control of the company.
Rush Street Interactive, Inc. Chief Executive Officer and director Richard Todd Schwartz reported selling 247,114 shares of Class A common stock on February 4, 2026. The shares were sold at a weighted average price of $17.6134 per share under a pre-arranged Rule 10b5-1 trading plan.
After this transaction, Schwartz directly beneficially owned 949,048 shares of Class A common stock. A 10b5-1 plan allows insiders to schedule trades in advance, providing a structured way to sell shares over time.
Rush Street Interactive Chief Operating Officer Mattias Stetz reported selling 20,000 shares of Class A common stock on February 2, 2026. The sale, coded as an open-market sale, was executed under a pre-arranged Rule 10b5-1 trading plan.
The weighted average sale price was $17.6693 per share, with individual trades ranging from $17.18 to $18.13. After this transaction, Stetz directly beneficially owns 289,624 shares and indirectly beneficially owns 165,448 shares held by his spouse.
A holder of restricted or control securities has filed a Rule 144 notice to sell 741,341 shares of common stock through Morgan Stanley Smith Barney LLC, with an aggregate market value of $12,691,757.92. The planned sale date is February 4, 2026 on the NYSE.
The shares to be sold were acquired on December 31, 2025 as Performance Stock Units. The notice also lists Rule 10b5‑1 plan sales over the prior three months by Richard Schwartz and related trusts, including multiple common stock sales in November and December 2025 and January 2026 with disclosed share amounts and gross proceeds.
Rush Street Interactive, Inc. Chief Executive Officer and director Richard Todd Schwartz reported multiple equity transactions on January 9, 2026. He and affiliated trusts converted 47,223 and 55,556 Class A Common Units of Rush Street Interactive, L.P. into the same number of shares of Class A Common Stock, with equivalent amounts of Class V Voting Stock canceled in connection with these exchanges. Entities associated with Schwartz, including a trust and an irrevocable trust, then sold 47,223, 55,556 and 55,556 shares of Class A Common Stock at a weighted average price of $19.2214 per share under a Rule 10b5-1 trading plan, with individual trade prices ranging from $18.74 to $19.49 per share. Following these transactions, Schwartz directly held 1,196,162 shares of Class A Common Stock, and affiliated trusts no longer held Class A Common Stock after the reported sales, while Class V Voting Stock, which carries voting but no economic rights, remained outstanding in his and the trusts' ownership records.
Richard T. Schwartz filed a notice of proposed sale of 47,223 shares of common stock of the issuer under Rule 144. The planned sale has an aggregate market value of $905,264.91, to be executed through Morgan Stanley Smith Barney LLC Executive Financial Services on the NYSE, with an approximate sale date of January 9, 2026. The filing notes that 97,911,941 shares of this class of stock are outstanding.
The shares to be sold were acquired as founder shares from the issuer on December 29, 2020, in the same amount of 47,223 shares. The notice also lists recent activity under a Rule 10b5-1 trading plan for Richard T. Schwartz over the prior three months, including sales of 59,757, 134,148, 72,446, and 121,459 common shares on various dates in November and December 2025, with corresponding gross proceeds ranging from about $1.12 million to $2.46 million.
Richard T. Schwartz filed a notice to sell 55,556 shares of common stock under Rule 144 through Morgan Stanley Smith Barney LLC on or about January 9, 2026 on the NYSE, with an aggregate market value of $1,065,008.52. These shares are described as founder shares acquired from the issuer on December 29, 2020.
The notice also lists recent activity under a Rule 10b5-1 trading plan, showing common stock sales during the prior three months: 59,757 shares on December 9, 2025 for gross proceeds of $1,124,668.57, 134,148 shares on December 8, 2025 for $2,464,499.98, 72,446 shares on November 11, 2025 for $1,261,176.19, and 121,459 shares on November 10, 2025 for $2,127,730.91. The issuer reports 97,911,941 shares outstanding.
RSI filed a notice under Rule 144 for a planned sale of common stock. The filing covers 55,556 shares to be sold through Morgan Stanley Smith Barney on the NYSE at an aggregate market value of $1,065,008.52, with 97,911,941 shares outstanding. The shares are described as founder shares acquired from the issuer on 12/29/2020.
The notice also lists recent sales under a Rule 10b5-1 trading plan for Richard T. Schwartz. These include 59,757 shares sold on 12/09/2025 for $1,124,668.57, 134,148 shares on 12/08/2025 for $2,464,499.98, 72,446 shares on 11/11/2025 for $1,261,176.19, and 121,459 shares on 11/10/2025 for $2,127,730.91. By signing, the seller represents they are not aware of undisclosed material adverse information about the issuer.
Rush Street Interactive, Inc. Executive Chairman and director Neil Bluhm reported acquiring Class A Common Stock through equity vesting. On January 6, 2026, he acquired 128,866 shares of Class A Common Stock at a reported price of $19.77 per share. The footnote explains these shares were delivered upon the vesting and settlement of Performance Stock Units originally granted to him on March 15, 2023, which were subject to performance criteria. Following this transaction, Bluhm beneficially owns 685,521 shares of Class A Common Stock held directly.