Rush Street Interactive, Inc.
Business
Rush Street Interactive, Inc. is a leading online gaming and entertainment company offering real-money online casino, online sports betting, retail sports betting and social gaming primarily in U.S., Canadian and Latin American markets under brands including BetRivers, PlaySugarHouse and RushBet. The company operates through a flexible business model serving customers directly (B2C) or providing technology and services to land-based partners (B2B) across 16 U.S. states and four international jurisdictions. RSI owns a proprietary online gaming platform and employs a data-driven, customer-centric approach to market entry, product customization and player loyalty.
Summary from 10-K filed 2026-02-18
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 1,134 | 924 | 691 | 592 | 488 | |
| Costs of revenue | 742 | 602 | 465 | 415 | 332 | |
| Sales and marketing | 165 | 159 | 161 | 220 | 190 | |
| General and administrative | 101 | 106 | 87 | 68 | 56 | |
| Depreciation and amortization | 40 | 32 | 30 | 14 | 4 | |
| Total operating costs and expenses | 1,047 | 899 | 743 | 717 | 582 | |
| Income (loss) from operations | 87 | 25 | −52 | −125 | −94 | |
| Change in tax receivable agreement liability | −108 | −700,000 | 0 | — | — | |
| Interest income, net | 9 | 7 | 3 | −573,000 | — | |
| Total other (expense) income | −99 | 7 | 3 | — | — | |
| (Loss) income before income taxes | −11 | 32 | −49 | −125 | −66 | |
| Income tax (benefit) expense | −85 | 25 | 11 | 9 | 5 | |
| Net income (loss) | 74 | 7 | −60 | −134 | −71 | |
| Net income (loss) attributable to non-controlling interests | 41 | 5 | −42 | −96 | −52 | |
| Net income (loss) attributable to Rush Street Interactive, Inc. | 33 | 2 | −18 | −39 | −19 | |
| Net income (loss) per common share attributable to Rush Street Interactive, Inc. - basic (in USD per share) | 0.35 | 0.03 | −0.27 | −0.61 | −0.35 | |
| Weighted average common shares outstanding - basic (in shares) | 96 | 82 | 69 | 64 | 56 | |
| Net loss per common share attributable to Rush Street Interactive, Inc. - diluted (in USD per share) | 0.31 | 0.03 | −0.27 | −0.61 | −0.51 | |
| Weighted average common shares outstanding - diluted (in shares) | 236 | 88 | 69 | 64 | 57 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 336 | 229 | 168 | 180 | 281 | |
| Restricted cash | 4 | 4 | 3 | 26 | 19 | |
| Players' receivables | 16 | 15 | 11 | 11 | 6 | |
| Prepaid expenses and other current assets | 30 | 19 | 14 | 11 | 7 | |
| Total current assets | 407 | 285 | 229 | 264 | 342 | |
| Intangible assets, net | 76 | 77 | 75 | 69 | 53 | |
| Property and equipment, net | 8 | 7 | 9 | 10 | 7 | |
| Operating lease assets | 3 | 2 | 1 | 2 | 2 | |
| Deferred tax assets, net | 158 | 522,000 | — | — | — | |
| Other assets | 7 | 7 | 5 | 5 | 5 | |
| Total assets | 659 | 379 | 319 | 350 | 409 | |
| Accounts payable | 42 | 26 | 32 | 30 | 7 | |
| Accrued expenses | 82 | 73 | 51 | 65 | 48 | |
| Players' liabilities | 48 | 44 | 42 | 43 | 24 | |
| Other current liabilities | 40 | 21 | 12 | 4 | 3 | |
| Total current liabilities | 210 | 163 | 138 | 144 | 84 | |
| Tax receivable agreement liability, non-current | 129 | 739,000 | — | — | — | |
| Other non-current liabilities | 16 | 17 | 15 | 244,000 | 315,000 | |
| Total liabilities | 355 | 181 | 152 | 159 | 101 | |
| Commitments and contingencies (Note 14) | — | — | — | — | — | |
| Treasury stock, at cost; 733,019 and nil shares as of December 31, 2025 and 2024, respectively | −3 | 0 | — | — | — | |
| Additional paid-in capital | 252 | 218 | 192 | 178 | 167 | |
| Accumulated other comprehensive income (loss) | 1 | −3 | −100,000 | −2 | −475,000 | |
| Accumulated deficit | −103 | −136 | −138 | −120 | −81 | |
| Total stockholders equity attributable to Rush Street Interactive, Inc. | 147 | 79 | 54 | 56 | 85 | |
| Non-controlling interests | 156 | 120 | 112 | 135 | 222 | |
| Total stockholders equity | 303 | 198 | 166 | 191 | 308 | |
| Total liabilities and stockholders equity | 659 | 379 | 319 | 350 | 409 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Deferred income tax | −112 | −143,000 | −255,000 | −50,000 | 64,000 | |
| Share-based compensation expense | 26 | 35 | 30 | 19 | 25 | |
| Noncash lease expense | 999,000 | 891,000 | 697,000 | 616,000 | 355,000 | |
| Long-lived assets write-off | 0 | 0 | 683,000 | 0 | 0 | |
| Players receivables | −515,000 | −5 | 658,000 | −5 | −5 | |
| Due from affiliates | −2 | 15 | 2 | −8 | 605,000 | |
| Prepaid expenses and other assets | −8 | −8 | −228,000 | −4 | −5 | |
| Accounts payable, accrued expenses and other liabilities | 36 | 25 | −9 | 39 | — | |
| Players liabilities | 3 | 2 | −377,000 | 18 | 16 | |
| Net cash provided by (used in) operating activities | 165 | 106 | −6 | −60 | −48 | |
| Internally developed software costs | −29 | −24 | −23 | −17 | −4 | |
| Acquisition of gaming licenses | −4 | −4 | −7 | −5 | −24 | |
| Acquisition of other intangibles | −3 | −2 | −765,000 | 0 | — | |
| Short-term investments | −1 | −2 | −3 | 0 | 0 | |
| Purchases of property and equipment | −767,000 | −925,000 | −1 | −4 | −4 | |
| Acquisition of developed technology | −225,000 | 0 | 0 | 0 | −2 | |
| Investments in equity securities | 0 | 0 | −470,000 | 0 | −2 | |
| Proceeds from long-term time deposits | 0 | 0 | 2 | −689,000 | −748,000 | |
| Net cash used in investing activities | −37 | −33 | −34 | −29 | −37 | |
| Payments for employee taxes related to shares withheld | −26 | −1 | 0 | 0 | — | |
| Repurchase of Class A Common Stock | −8 | 0 | 0 | 0 | −3 | |
| Principal payments of finance lease liabilities | −3 | −2 | −518,000 | −1 | −2 | |
| Tax distributions to non-controlling interests | −700,000 | 0 | 0 | — | — | |
| Proceeds from exercise of stock options | 176,000 | 67,000 | 0 | 0 | — | |
| Net cash used in financing activities | −37 | −3 | −518,000 | −1 | 126 | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 17 | −9 | 5 | −4 | −2 | |
| Net change in cash, cash equivalents and restricted cash | 108 | 62 | −35 | −94 | 38 | |
| Right-of-use assets obtained in exchange for new or modified operating lease liabilities | 1 | 2 | 210,000 | 965,000 | 810,000 | |
| Right-of-use assets obtained in exchange for new or modified finance lease liabilities | 3 | 2 | 2 | 1 | 3 | |
| Allocation of equity and non-controlling interests upon changes in RSILP ownership | 8 | 13 | 5 | 4 | 11 | |
| Shares withheld for employee taxes in Other Current Liabilities | 363,000 | 2 | 0 | 0 | — | |
| Investing activities in Accounts Payable and Accrued Expenses | 363,000 | 662,000 | 821,000 | — | — | |
| Cash paid for income taxes | 33 | 17 | 7 | 7 | 4 | |
| Cash paid for interest | 918,000 | 908,000 | 938,000 | 937,000 | 123,000 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Rush Street Interactive, Inc.'s CIK number?
Rush Street Interactive, Inc.'s SEC CIK number is 0001793659 (1793659). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Rush Street Interactive, Inc.'s SEC filings?
All of Rush Street Interactive, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Rush Street Interactive, Inc. last report earnings?
Rush Street Interactive, Inc. (RSI) most recently filed an earnings 8-K with the SEC on Apr 28, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001793659-26-000020). This is Rush Street Interactive, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Rush Street Interactive, Inc.'s most recent earnings 8-K?
Rush Street Interactive, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 28, 2026 under accession 0001793659-26-000020. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Rush Street Interactive, Inc.'s latest earnings 8-K →
Look up any company's CIK number →