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Rush Street Interactive, Inc. (RSI) stock

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NYSE: RSI NYSE Casinos & Gaming Next results ~February 16, 2027

B Fundamentals grade

Rush Street Interactive, Inc. is a US-listed company in the casinos & gaming industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$13

Forward price-to-earnings vs peers

Base case. Range ~$11–$16. Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings.

Price vs value

No Buy/Hold/Sell rating is issued: only 1 valuation models apply; a rating needs 3.

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders2 buying, 7 selling2 purchases and 72 sales by directors and officers, last 12 monthsInsider trades
  • Funds194 adding, 103 cuttingOf 52 active managers that changed their stake, 21 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Rush Street Interactive files

10-Q filed October 29: Rush Street Interactive

Revenue for the twelve months to September 2026 was $1.47bn, up 38.7% on a year earlier, faster than the 34.3% growth a quarter earlier. That growth ranks 1 of 15 among the casinos & gaming companies we cover. Free-cash-flow margin rose to 14.3% from 11.4% a year earlier. Operating margin widened to 10.9% from 6.7%.

Source: 10-Q filed October 29, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (2)

10-Q filed July 30: Rush Street Interactive

Rush Street Interactive posted revenue of $1.47bn for the twelve months to June 2026, up 38.7% on the prior year. That pace accelerated from the 34.3% growth recorded a quarter earlier and now ranks top of the 15 casinos & gaming companies we track. Profitability also improved alongside the top line. Free-cash-flow margin climbed to 14.3%, from 11.4% a year earlier, while operating margin widened to 10.9% from 6.7%. Taken together, the stronger growth and improving margins have lifted the company's fundamentals grade from B to B+. The combination of accelerating revenue and expanding profitability marks a notable shift from the prior year's figures, with Rush Street now standing out among its peer group on both measures.

10-Q on SEC EDGAR

Where Rush Street Interactive stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.37bn, up 34.3% on a year earlier, faster than the 28.2% growth a quarter earlier. That growth ranks 1 of 11 among the casinos & gaming companies we cover. Free-cash-flow margin rose to 13.3% from 10.7% a year earlier. Operating margin widened to 10.0% from 5.8%. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 2 of our 2 financial-health checks. Our cash-flow model value is $48.89 a share, against a share price of $16.07.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 16, 2027 (estimated)

Rush Street Interactive, Inc.'s trailing-twelve-month revenue grew 38.7% year on year, with a free-cash-flow margin of 14.3%. Where it stands out: revenue growth of 38.7% ranks 1 of 21 casinos & gaming companies we cover. Where it lags: stock pay as % of revenue of 1.8% ranks 19 of 20 casinos & gaming companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 74.1% while net income grew 25.3%: a 49pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Strengths

  • Fast growth. Revenue grew 38.7% over the last 12 months, against a median of 6.1% for casinos & gaming companies we cover.
  • Growth speeding up. The growth rate is 4.4 points higher than a quarter earlier.
  • Margins widening. Operating margin is up 4.1 points on a year ago.
  • Net cash. Cash exceeds long-term debt by $0.4bn.

Things to watch

  • Share dilution. Diluted shares rose 72.8% in a year.
  • High earnings multiple. The shares trade at 44 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 50% and a beta of 0.6 against the S&P 500.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 1.8% ranks 19 of 20 casinos & gaming companies we cover (median 0.9%).
  • Below peers: gross margin. Gross margin of 35.5% ranks 5 of 6 casinos & gaming companies we cover (median 55.0%).

Latest results: FY2026 Q3

Filed October 29, 2026
Earnings per share
$0.15 against an average estimate of $0.13: beat by 11.4%
Revenue
$386m, up 38.8% on a year earlier
Share reaction
-11.6% in the first session after the results on October 28, 2026, against 0.0% for the S&P 500
Next report
October 28, 2026; average EPS estimate $0.17

Rush Street Interactive's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-5.9%
  • 1 week-30.1%
  • 1 month-43.0%
  • This year-41.3%
  • 1 year-32.8%
  • 5 years-46.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.5B
Operating margin
10.9%
Net margin
2.6%
EPS (TTM, diluted)
$0.26

Growth

Revenue growth
+38.7%
Change in growth rate
+4.4 pts

Cash

Free cash flow (TTM)
$211M
FCF margin
14.3%
Stock pay % of revenue
1.8%

Earnings

Last results
October 28, 2026
Next results (est.)
February 16, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Insider trade
  3. Insider trade
  4. Announcement
  5. Product
  6. Insider trade
  7. Results
  8. Product

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 1 valuation models apply; a rating needs 3.

Valuation models

We value Rush Street Interactive, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.96 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$13 ~$11–$16 Primary model, counts double
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: earnings are positive: price-to-earnings is the better measure
Cash-flow model (DCF) Free cash flow after stock pay, grown then faded to 2.5%, discounted at 8.5%. — Does not apply: Noncontrolling ownership is material. Its fair value and share of cash flow must be valued separately; a book-value deduction is insufficient.
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: Noncontrolling ownership is material. Its fair value and share of cash flow must be valued separately; a book-value deduction is insufficient.
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: Noncontrolling ownership is material. Its fair value and share of cash flow must be valued separately; a book-value deduction is insufficient.
Combined value Weighted average of the models that apply: the primary model (forward price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$13 ~$11–$16 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Rush Street Interactive, Inc. with Casinos & Gaming in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

Rush Street Interactive, Inc.: market value and multiples by fiscal year
At fiscal year end 202020212022202320242025Now
Share price$21.65$16.50$3.59$4.49$13.72$19.43$11.40
Market value$1.1bn$948m$228m$308m$1.2bn$4.6bn$1.7bn
+ Net debt (− = net cash)−$256m−$281m−$180m−$168m−$229m−$336m−$382m
Enterprise value$875m$667m$48m$139m$984m$4.3bn$1.3bn
Multiples
Price / sales 4.1x1.9x0.4x0.4x1.3x4.0x1.1x
Price / earnings n/m———n/m137.7x44.1x
Price / free cash flow 79.1x———11.5x27.9x7.9x
EV / EBITDA ————17.2x33.4x6.2x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

36 /100

Weak moat

How hard Rush Street Interactive's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 2.1% of total assets over 6 years.

  • Pricing power 12 / 20

    Gross margin has been a median 33.7%, moving by 2.3 percentage points (standard deviation) across 6 years.

  • Durability 10 / 20

    Operating margin has been a median -5.3%; its worst year was -24.0%.

  • Cash conversion 7 / 20

    Free cash flow was positive in 3 of 6 years, at a median 4.0% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Rush Street Interactive, Inc.: consensus estimates
Fiscal yearEPSGrowthRevenueGrowth
Current $0.61 +65% $1.6bn +38%
Next $0.83 +35% $1.8bn +15%

Next year's EPS estimate has moved −2.6% in 90 days, across 11 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −1.4% on 90 days ago. In the last 30 days, 0 analysts raised Rush Street Interactive, Inc.'s forecast and 1 cut it.

Consensus EPS forecast Rush Street Interactive, Inc., last 90 days
$0.60 $0.70 $0.80 $0.90 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.62 Current fiscal year, 60 days ago: $0.62 Current fiscal year, 30 days ago: $0.62 Current fiscal year, 7 days ago: $0.62 Current fiscal year, Now: $0.61 $0.61 Next fiscal year, 90 days ago: $0.85 Next fiscal year, 60 days ago: $0.84 Next fiscal year, 30 days ago: $0.84 Next fiscal year, 7 days ago: $0.84 Next fiscal year, Now: $0.83 $0.83

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.62$0.85
60 days ago $0.62$0.84
30 days ago $0.62$0.84
7 days ago $0.62$0.84
Now $0.61$0.83

Earnings against estimates

Rush Street Interactive, Inc.: reported EPS against the consensus estimate
Quarter toEstimateActualSurprise
Sept 2026 $0.13 $0.15 +11.4%
Jun 2026 $0.15 $0.15 +0.1%
Mar 2026 $0.12 $0.14 +17.6%
Dec 2025 $0.11 $0.08 −24.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

13 analysts, Oct 2026
Buy1185%
Hold215%
Sell00%

Monthly trend

  1. Oct 202629213
  2. Sep 202629112
  3. Aug 202628111
  4. Jul 202628111

Counts of recommendations published by analysts covering Rush Street Interactive, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
8.8%
of tradable shares
Days to cover
2.6
at average volume
Short interest, 1 month
+6%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
2.6%
of shares
Employees
912
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −32.8%

$16.96 on October 31, 2025 to $11.40

Rush Street Interactive, Inc.: share-price change split into its parts
PartThenNowEffect
Revenue (last 12 months) $1.0bn $1.4bn +34.3%
Net margin 2.5% 2.3% −5.8%
P/E multiple 158.4x 62.4x −60.6%
Share count 236m 175m +34.9%

Biggest factor: p/e multiple.

Last 3 years +200.0%

$3.80 on November 3, 2023 to $11.40

Rush Street Interactive, Inc.: share-price change split into its parts
PartThenNowEffect
Revenue (last 12 months) $641m $1.4bn +113.3%
P/S multiple 1.2x 1.5x +25.5%
Share count 196m 175m +12.1%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Rush Street Interactive, Inc.: yearly return, monthly win rate and worst fall against the S&P 500
Calendar year 202120222023202420252026 to date
Return
RSI−24%−78%+25%+206%+42%−41%
Industry peers (median)+26%−19%+13%−10%−11%−16%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
RSI33%33%58%67%67%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
RSI−62%−82%−40%−18%−42%−67%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since April 27, 2020: 89% from January 20, 2021 to April 5, 2023. Getting back needed a 802% gain, reached on April 29, 2026, 1120 days after the low.

Price behaviour

52-week range
$11.40 – $34.52
From 52-week high
−67.0%
vs 50-day average
−46.3%
vs 200-day average
−52.1%
Volatility (1 year)
50%
Beta vs S&P 500
0.61

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±13.2%
After a week
6 up, 5 down
typical move ±13.9%
After a month
7 up, 4 down
typical move ±20.9%
Rush Street Interactive, Inc.: share-price change after each results release
Results releasedNext dayS&P 500 next day5 days21 days
October 28, 2026 −11.6% 0.0% — —
July 29, 2026 −12.8% +0.1% −15.5% −14.6%
April 28, 2026 +15.2% −0.5% +20.1% +8.6%
February 17, 2026 +13.4% +0.7% +17.4% +27.7%
October 29, 2025 −9.3% −1.1% −11.1% −1.4%
July 30, 2025 +29.0% −0.5% +25.3% +42.9%
April 30, 2025 −7.4% +0.7% −5.3% +2.7%
February 26, 2025 −12.6% −1.5% −9.5% −14.7%
October 30, 2024 +2.0% −2.3% +2.2% +35.9%
July 31, 2024 +7.9% +0.2% −4.0% −8.7%
May 1, 2024 +18.2% +0.6% +30.5% +40.1%
March 6, 2024 +18.6% +1.5% +12.3% +33.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Rush Street Interactive, Inc. in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Rush Street Interactive, Inc.
$600M $800M $1B $1.2B $1.4B $1.6B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $691.2M Revenue (TTM), FY24 Q1: $746.2M Revenue (TTM), FY24 Q2: $801.5M Revenue (TTM), FY24 Q3: $863.8M Revenue (TTM), FY24 Q4: $924.1M Revenue (TTM), FY25 Q1: $969.1M Revenue (TTM), FY25 Q2: $1B Revenue (TTM), FY25 Q3: $1.1B Revenue (TTM), FY25 Q4: $1.1B Revenue (TTM), FY26 Q1: $1.2B Revenue (TTM), FY26 Q2: $1.4B Revenue (TTM), FY26 Q3: $1.5B $1.5B

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $691.2M
FY24 Q1 $746.2M
FY24 Q2 $801.5M
FY24 Q3 $863.8M
FY24 Q4 $924.1M
FY25 Q1 $969.1M
FY25 Q2 $1B
FY25 Q3 $1.1B
FY25 Q4 $1.1B
FY26 Q1 $1.2B
FY26 Q2 $1.4B
FY26 Q3 $1.5B
Revenue growth, TTM YoY Rush Street Interactive, Inc.
10% 20% 30% 40% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 16.7% Revenue growth, TTM YoY, FY24 Q1: 20.4% Revenue growth, TTM YoY, FY24 Q2: 25.1% Revenue growth, TTM YoY, FY24 Q3: 30.3% Revenue growth, TTM YoY, FY24 Q4: 33.7% Revenue growth, TTM YoY, FY25 Q1: 29.9% Revenue growth, TTM YoY, FY25 Q2: 27.0% Revenue growth, TTM YoY, FY25 Q3: 23.1% Revenue growth, TTM YoY, FY25 Q4: 22.8% Revenue growth, TTM YoY, FY26 Q1: 28.2% Revenue growth, TTM YoY, FY26 Q2: 34.3% Revenue growth, TTM YoY, FY26 Q3: 38.7% 38.7%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 16.7%
FY24 Q1 20.4%
FY24 Q2 25.1%
FY24 Q3 30.3%
FY24 Q4 33.7%
FY25 Q1 29.9%
FY25 Q2 27.0%
FY25 Q3 23.1%
FY25 Q4 22.8%
FY26 Q1 28.2%
FY26 Q2 34.3%
FY26 Q3 38.7%
Operating margin (TTM) Rush Street Interactive, Inc.
-10% -5% 0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: -7.5% Operating margin (TTM), FY24 Q1: -3.8% Operating margin (TTM), FY24 Q2: -1.2% Operating margin (TTM), FY24 Q3: 1.0% Operating margin (TTM), FY24 Q4: 2.7% Operating margin (TTM), FY25 Q1: 4.0% Operating margin (TTM), FY25 Q2: 5.8% Operating margin (TTM), FY25 Q3: 6.7% Operating margin (TTM), FY25 Q4: 7.7% Operating margin (TTM), FY26 Q1: 9.3% Operating margin (TTM), FY26 Q2: 10.0% Operating margin (TTM), FY26 Q3: 10.9% 10.9%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 -7.5%
FY24 Q1 -3.8%
FY24 Q2 -1.2%
FY24 Q3 1.0%
FY24 Q4 2.7%
FY25 Q1 4.0%
FY25 Q2 5.8%
FY25 Q3 6.7%
FY25 Q4 7.7%
FY26 Q1 9.3%
FY26 Q2 10.0%
FY26 Q3 10.9%
FCF margin (TTM) Rush Street Interactive, Inc.
-5% 0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: -1.0% FCF margin (TTM), FY24 Q1: 6.4% FCF margin (TTM), FY24 Q2: 10.1% FCF margin (TTM), FY24 Q3: 9.3% FCF margin (TTM), FY24 Q4: 11.4% FCF margin (TTM), FY25 Q1: 10.7% FCF margin (TTM), FY25 Q2: 10.7% FCF margin (TTM), FY25 Q3: 11.4% FCF margin (TTM), FY25 Q4: 14.5% FCF margin (TTM), FY26 Q1: 12.5% FCF margin (TTM), FY26 Q2: 13.3% FCF margin (TTM), FY26 Q3: 14.3% 14.3%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 -1.0%
FY24 Q1 6.4%
FY24 Q2 10.1%
FY24 Q3 9.3%
FY24 Q4 11.4%
FY25 Q1 10.7%
FY25 Q2 10.7%
FY25 Q3 11.4%
FY25 Q4 14.5%
FY26 Q1 12.5%
FY26 Q2 13.3%
FY26 Q3 14.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Rush Street Interactive took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $1.1B
  2. Cost of revenue $742M · 65.4%
  3. Gross profit $393M · 34.6%
  4. Selling, general and admin $101M · 8.9%
  5. Other operating costs $205M · 18.0%
  6. Operating income $87.4M · 7.7%
  7. Interest and other $54.1M · 4.8%
  8. Net income $33.3M · 2.9%
Where Rush Street Interactive's revenue went, FY2025
Revenue $1.1B
Cost of revenue $742M 65.4% of revenue
Gross profit $393M 34.6% of revenue
Selling, general and admin $101M 8.9% of revenue
Other operating costs $205M 18.0% of revenue
Operating income $87.4M 7.7% of revenue
Interest and other $54.1M 4.8% of revenue
Net income $33.3M 2.9% of revenue

Shares of revenue. Source: Rush Street Interactive's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Rush Street Interactive, Inc.: annual financial statements
Fiscal year 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 64 279 488 592 691 924 1,134 1,475
Gross profit — 88 156 178 226 322 393 524
EBITDA −21 −131 −90 −110 −22 57 127 205
Operating income −22 −133 −94 −125 −52 25 87 160
Net income −22 1 −19 −39 −18 2 33 38
Diluted EPS — −$0.01 −$0.51 −$0.61 −$0.27 $0.03 $0.31 $0.26
Growth (year on year)
Revenue — +337.4% +75.3% +21.3% +16.7% +33.7% +22.8% +38.7%
EBITDA — — — — — — +122.5% +85.9%
Operating income — — — — — — +249.0% +124.1%
Net income — — — — — — — +25.3%
Margins
Gross margin — 31.5% 32.0% 30.0% 32.7% 34.9% 34.6% 35.5%
EBITDA margin −33.3% −47.2% −18.4% −18.7% −3.2% 6.2% 11.2% 13.9%
Operating margin −35.1% −47.9% −19.3% −21.1% −7.5% 2.7% 7.7% 10.9%
Net margin −35.3% 0.4% −4.0% −6.5% −2.6% 0.3% 2.9% 2.6%
Free-cash-flow margin −4.5% 5.1% −10.7% −10.9% −1.0% 11.4% 14.5% 14.3%
Cash flow
Cash from operations −2 16 −48 −60 −6 106 165 212
Capital spending 0 2 4 4 1 1 1 2
Free cash flow −3 14 −52 −64 −7 106 164 211
Stock-based pay 13 145 25 19 30 35 26 26
Free cash flow after stock pay −16 −130 −77 −83 −37 70 138 184
Balance sheet
Cash 7 256 281 180 168 229 336 382
Total debt 0 0 0 0 0 0 0 0
Net debt (negative = net cash) −7 −256 −281 −180 −168 −229 −336 −382
Diluted shares — 52m 57m 64m 69m 88m 236m 146m
Returned to shareholders
Buybacks — 0 3 0 0 0 8 14
Total returned — 0 3 0 0 0 8 14

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · September 30, 2026
What it owns · $829m
Short-term assets $456mLonger-term assets $372m
What it owes, and who funded it · $662m
Short-term liabilities $206mLonger-term liabilities $260mShareholders' equity $195m
  • Short-term assets cover short-term liabilities $456m of assets due within a year against $206m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $456m short-term assets against $260m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Rush Street Interactive, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$13.5M
Returned to shareholders
6%
of free cash flow
Buybacks, last 3 fiscal years
$7.6M
Total shareholder yield
1.0%
dividends 0.0% + buybacks 1.0% of market value
Days sales outstanding
4 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in casinos & gaming
Growth, margins and cash generation against peers
Last 12 months unless stated RSI ACEL RRR SGHC BRSL BALY Median
Revenue, last 12 months $1.5bn $1.4bn $2.0bn $2.2bn $2.5bn $3.0bn $2.4bn
Revenue growth, last 12 months 38.7% 8.7% 0.9% 21.6% −0.0% 0.1% 5.5%
Revenue growth, 3-year average 30.6% 7.1% 5.9% — −13.1% 14.6% 6.5%
Revenue growth, latest quarter 38.8% 9.6% −3.0% — — 20.5% 2.4%
Operating margin 10.9% 8.2% 27.7% — 27.3% −7.3% 10.1%
Operating margin, 3-year average 6.2% 8.0% 29.8% — 12.2% −7.3% 7.1%
Net margin 2.6% 4.1% 8.4% 9.7% 5.9% −25.8% 3.1%
Cash from operations / revenue 14.4% 10.7% 31.1% 16.1% −3.9% −11.4% 14.4%
Free-cash-flow margin 14.3% 5.7% 9.6% 14.3% −16.5% −18.0% 8.5%
Free-cash-flow margin, 3-year average 11.7% 4.5% 8.9% — 0.3% −8.9% 4.5%
Stock pay / revenue 1.8% 0.9% 1.7% 0.7% 0.6% 1.0% 0.9%
Change in share count 72.8% −1.4% — 0.8% −3.4% −9.2% −2.6%

Median of all 22 companies we cover in casinos & gaming. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

22 casinos & gaming companies
Measures ranked against peers
Measure Company Peer median Rank
Revenue growth Growth 38.7% 6.1% 1 of 21
Change in growth rate Growth +4.4pp -0.4pp 1 of 21
Gross margin Profitability 35.5% 55.0% 5 of 6
Operating margin Profitability 10.9% 10.1% 9 of 20
Net margin Profitability 2.6% 3.6% 12 of 22
Free-cash-flow margin Cash generation 14.3% 8.5% 7 of 21
Stock pay as % of revenue Cash generation 1.8% 0.9% 19 of 20
Days sales outstanding Balance sheet 4 days 13 days 2 of 18

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Online Wagering $1.1B 99.4% ▲ 22.9%
Social Gaming $4.9M 0.4% ▲ 7.4%
Retail Sports Services $2M 0.2% ▼ 17.0%
Geography
Region Revenue Share YoY
United States and Canada $980M 86.3% ▲ 24.7%
Latin America and Mexico $155M 13.7% ▲ 11.6%

From Rush Street Interactive, Inc.'s 10-K filed February 18, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Reported value
$3.7B
Institutions reporting
302
Shares held vs prior quarter
▲ 22.6%
Positions opened / closed
63 / 27

Top buyers and sellers, Q2 2026: 194 institutions bought and 103 sold ; the biggest buyer was Blackrock, Inc (+6.8M shares) and the biggest seller Divisadero Street Capital Management, LP (−1.0M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $448M 15.1M 12.0% ▲ 81.1%
Vanguard Portfolio Management LLC $167M 5.6M 4.5% ▲ 27.9%
Divisadero Street Capital Management, LP $161M 5.4M 4.3% ▼ 15.6%
Ameriprise Financial Inc $149M 5.0M 4.0% ▲ 15.3%
Hood River Capital Management LLC $132M 4.5M 3.6% ▲ 22.0%
Vanguard Capital Management LLC $132M 4.4M 3.5% ▲ 2.7%
Invesco Ltd. $131M 4.4M 3.5% ▲ 2600.7%
Driehaus Capital Management LLC $129M 4.3M 3.5% ▲ 66.0%
FMR LLC $119M 4.0M 3.2% ▲ 3043.9%
State Street Corp $115M 3.9M 3.1% ▲ 91.8%
Marshall Wace, LLP $99.1M 3.3M 2.7% ▼ 21.5%
Fuller & Thaler Asset Management, Inc. $83.3M 2.8M 2.2% ▲ 3.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Rush Street Interactive, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Recent insider open-market transactions
Insider Date Trade Shares Price Value
Winter Thomas Director November 2, 2026 Buy 10,000 $11.83 $118,310
Sauers Kyle Chief Financial Officer October 5, 2026 Sell pre-set plan 23,000 $20.31 $467,130
Schwartz Richard Todd Chief Executive Officer October 1, 2026 Sell pre-set plan 55,555 $19.88 $1.1M
Schwartz Richard Todd Chief Executive Officer October 1, 2026 Sell pre-set plan 47,222 $19.88 $938,632
Stetz Mattias Chief Operating Officer October 1, 2026 Sell pre-set plan 20,000 $19.87 $397,498
Markell Jack A. Director September 25, 2026 Buy 1,500 $19.35 $29,025
Sauers Kyle Chief Financial Officer September 3, 2026 Sell pre-set plan 23,000 $26.56 $610,880
Stetz Mattias Chief Operating Officer September 1, 2026 Sell pre-set plan 20,000 $25.68 $513,600
Schwartz Richard Todd Chief Executive Officer September 1, 2026 Sell pre-set plan 47,222 $25.69 $1.2M
Schwartz Richard Todd Chief Executive Officer September 1, 2026 Sell pre-set plan 55,555 $25.69 $1.4M
Stetz Mattias Chief Operating Officer August 3, 2026 Sell pre-set plan 20,000 $28.03 $560,600
Sauers Kyle Chief Financial Officer August 3, 2026 Sell pre-set plan 23,000 $26.65 $612,950

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around February 16, 2027 estimated from the company's past filing pattern, not announced

  • October 28, 2026
  • July 29, 2026
  • April 28, 2026
  • February 17, 2026
  • October 29, 2025
  • July 30, 2025

Recent SEC filings

Data status

When each part of this page on Rush Street Interactive, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Rush Street Interactive, Inc. in brief

What does Rush Street Interactive, Inc. do?
Rush Street Interactive, Inc. is a US-listed company in the casinos & gaming industry. Its financial year ends in December.
What is Rush Street Interactive, Inc.'s stock ticker?
Rush Street Interactive, Inc. trades under the ticker RSI on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Rush Street Interactive, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Rush Street Interactive, Inc. reported revenue of $1.5B, 38.7% higher than a year earlier, according to its SEC filings.
What is Rush Street Interactive, Inc.'s free cash flow?
Rush Street Interactive, Inc.'s free-cash-flow margin is 14.3% of revenue over the trailing twelve months, ranking 7 of the 21 casinos & gaming companies we cover.
Who are Rush Street Interactive, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and Divisadero Street Capital Management, LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Rush Street Interactive, Inc.'s market cap?
On November 2, 2026, Rush Street Interactive, Inc.'s market capitalisation was about $1.7B, with a price-to-earnings ratio of 44.1 and net debt of -$382M. Market figures come from third-party market data and may be delayed.
Who are Rush Street Interactive, Inc.'s competitors?
In our Casinos & Gaming peer group, the companies closest to Rush Street Interactive, Inc. are Accel Entertainment, Inc., Red Rock Resorts, Inc., Super Group (sghc) Ltd, Brightstar Lottery PLC and Bally's Corp. The side-by-side comparison below sets their revenue, margins and growth against Rush Street Interactive, Inc.'s.
Are insiders buying or selling Rush Street Interactive, Inc. stock?
Over the last 12 months, Rush Street Interactive, Inc.'s directors and officers reported 2 open-market purchases and 72 sales on Form 4. The insider trading page charts every trade.
When is Rush Street Interactive, Inc.'s next earnings date?
Around February 16, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Rush Street Interactive, Inc. announces its own schedule.