Rush Street Interactive Inc. (RSI) financial statements: income statement, balance sheet and cash flow
Rush Street Interactive Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Rush Street Interactive Inc. reported revenue of $1.1B (+22.8% year on year) and net income of $74.0M (+923.1% year on year).
Income statement
Rush Street Interactive Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenue
$1.1B
$924.1M
$691.2M
$592.2M
Costs of revenue
$741.7M
$602.0M
$465.0M
$414.7M
Sales and marketing
$164.7M
$158.6M
$160.7M
$220.5M
General and administrative
$100.7M
$106.9M
$87.3M
$67.6M
Depreciation and amortization
$40.0M
$32.2M
$29.8M
$14.3M
Total operating costs and expenses
$1.0B
$899.8M
$742.8M
$717.0M
Income (loss) from operations
$87.4M
$24.3M
($51.6M)
($124.8M)
Change in tax receivable agreement liability
($107.8M)
—
—
—
Interest income, net
$9.3M
$7.5M
—
—
Total other (expense) income
($98.5M)
—
—
—
(Loss) income before income taxes
($11.1M)
$31.8M
($48.8M)
($125.4M)
Income tax (benefit) expense
($85.1M)
$24.6M
$11.2M
$9.0M
Net income (loss)
$74.0M
$7.2M
($60.1M)
($134.3M)
Net income (loss) attributable to non-controlling interests
$40.7M
$4.8M
($41.8M)
($95.7M)
Net income (loss) attributable to Rush Street Interactive, Inc.
$33.3M
$2.4M
($18.3M)
($38.6M)
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
Weighted average common shares outstanding - basic (in shares)
95.8M
81.8M
68.5M
63.5M
Net loss per common share attributable to Rush Street Interactive, Inc. - diluted (in USD per share)
$0.31
$0.03
-$0.27
-$0.61
Weighted average common shares outstanding - diluted (in shares)
236.1M
88.4M
68.5M
63.5M
Rush Street Interactive Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenue
$393.8M
$370.4M
$277.9M
$269.2M
Costs of revenue
$254.1M
$238.2M
$183.5M
$174.1M
Sales and marketing
$49.9M
$47.4M
$39.0M
$37.1M
General and administrative
$32.5M
$31.3M
$25.7M
$23.8M
Depreciation and amortization
$11.1M
$10.7M
$10.2M
$9.8M
Total operating costs and expenses
$347.5M
$327.6M
$258.4M
$244.9M
Income from operations
$46.2M
$42.8M
$19.5M
$24.3M
Interest income, net
$3.4M
$3.0M
$2.6M
$2.2M
Change in tax receivable agreement liability
$0
$0
$0
($112.7M)
Total other income (expense)
$3.4M
$3.0M
$2.6M
($110.5M)
Income before income taxes
$49.7M
$45.8M
$22.0M
($86.2M)
Income tax expense (benefit)
$20.4M
$19.6M
$7.2M
($115.0M)
Net income
$29.3M
$26.2M
$14.8M
$28.8M
Net income attributable to non-controlling interests
$17.7M
$17.1M
$8.8M
$12.1M
Net income attributable to Rush Street Interactive, Inc.
$11.5M
$9.1M
$6.1M
$16.7M
Earnings per common share attributable to Rush Street Interactive, Inc - basic (in dollars per share)
$0.10
$0.09
$0.06
$0.18
Earnings per common share attributable to Rush Street Interactive, Inc. - diluted (in dollars per share)
$0.10
$0.08
$0.06
$0.12
Weighted average common shares outstanding - basic (in shares)
110.9M
102.2M
96.2M
95.1M
Weighted average common shares outstanding - diluted (in shares)
115.9M
106.9M
236.4M
234.5M
Balance sheet
Rush Street Interactive Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$336.3M
$229.2M
$168.3M
$179.7M
Restricted cash
$4.2M
$3.6M
$2.6M
$26.4M
Players' receivables
$15.9M
$14.9M
$10.5M
$11.2M
Due from affiliates
$19.9M
$18.2M
$33.5M
$35.9M
Prepaid expenses and other current assets
$30.5M
$19.2M
$13.7M
$11.3M
Total current assets
$406.8M
$285.0M
$228.6M
$264.5M
Intangible assets, net
$76.4M
$77.3M
$74.9M
$69.0M
Property and equipment, net
$7.7M
$7.2M
$8.6M
$9.8M
Operating lease assets
$3.1M
$2.4M
$1.3M
$1.9M
Deferred tax assets, net
$157.9M
—
—
—
Other assets
$6.6M
$7.4M
$5.2M
$5.2M
Total assets
$658.5M
$379.5M
$318.6M
$350.3M
Accounts payable
$41.6M
$25.8M
$32.3M
$29.8M
Accrued expenses
$81.5M
$72.7M
$51.3M
$64.9M
Players' liabilities
$47.7M
$43.7M
$42.1M
$42.5M
Other current liabilities
$39.5M
$20.9M
$9.6M
$4.5M
Total current liabilities
$210.3M
$163.1M
$137.7M
$143.9M
Tax receivable agreement liability, non-current
$128.8M
—
—
—
Other non-current liabilities
$15.9M
$18.0M
$1.7M
$244.0K
Total liabilities
$355.0M
$181.2M
$152.5M
$159.5M
Common stock, value
$23.0K
$22.0K
$22.0K
$22.0K
Treasury stock, at cost; 733,019 and nil shares as of December 31, 2025 and 2024, respectively
-3.2M
—
—
—
Additional paid-in capital
$251.6M
$217.7M
$192.2M
$177.7M
Accumulated other comprehensive income (loss)
$1.4M
($3.1M)
($100.0K)
($1.6M)
Accumulated deficit
($102.6M)
($135.9M)
($138.3M)
($120.0M)
Total stockholders’ equity attributable to Rush Street Interactive, Inc.
$147.2M
$78.7M
$53.8M
$56.0M
Non-controlling interests
$156.3M
$119.6M
$112.4M
$134.8M
Total stockholders’ equity
$303.5M
$198.3M
$166.1M
$190.9M
Total liabilities and stockholders’ equity
$658.5M
$379.5M
$318.6M
$350.3M
Rush Street Interactive Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$339.9M
$330.6M
$273.5M
$240.6M
Restricted cash
$2.8M
$1.1M
$4.1M
$1.4M
Players’ receivables
$25.4M
$26.6M
$21.9M
$20.8M
Due from affiliates
$15.1M
$19.2M
$17.4M
$16.3M
Prepaid expenses and other current assets
$41.5M
$37.7M
$27.3M
$22.0M
Total current assets
$424.8M
$415.2M
$344.2M
$301.1M
Intangible assets, net
$79.5M
$78.4M
$77.6M
$77.9M
Property and equipment, net
$7.0M
$7.1M
$8.5M
$9.0M
Deferred tax assets, net
$272.9M
$167.3M
$153.6M
$145.4M
Other assets
$9.1M
$6.6M
$6.8M
$7.0M
Total assets
$793.3M
$677.3M
$593.2M
$543.0M
Accounts payable
$33.2M
$42.7M
$26.9M
$26.8M
Accrued expenses
$95.1M
$81.0M
$78.2M
$68.4M
Players’ liabilities
$48.7M
$47.2M
$48.7M
$41.4M
Other current liabilities
$23.7M
$41.1M
$26.2M
$24.5M
Total current liabilities
$200.8M
$212.0M
$179.9M
$161.2M
Tax receivable agreement liability, non-current
$238.9M
$132.1M
$122.9M
$112.7M
Other non-current liabilities
$14.7M
$14.6M
$16.0M
$16.9M
Total liabilities
$454.4M
$358.7M
$318.8M
$290.8M
Common stock value
$24.0K
$23.0K
$23.0K
$22.0K
Treasury stock value
$0
$0
($3.2M)
($3.2M)
Additional paid-in capital
$260.7M
$250.4M
$243.9M
$241.1M
Accumulated other comprehensive income
$6.3M
$2.3M
$182.0K
($1.1M)
Accumulated deficit
($82.0M)
($93.6M)
($107.9M)
($113.9M)
Total stockholders’ equity attributable to Rush Street Interactive, Inc.
$185.1M
$159.1M
$133.1M
$122.9M
Non-controlling interests
$153.8M
$159.4M
$141.3M
$129.3M
Total stockholders’ equity
$338.9M
$318.6M
$274.4M
$252.2M
Total liabilities and stockholders’ equity
$793.3M
$677.3M
$593.2M
$543.0M
Cash flow statement
Rush Street Interactive Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income (loss)
$74.0M
$7.2M
($60.1M)
($134.3M)
Deferred income tax
($112.2M)
($143.0K)
($255.0K)
($50.0K)
Change in tax receivable agreement liability
$107.8M
—
—
—
Depreciation and amortization expense
$40.0M
$32.2M
$29.8M
$14.3M
Share-based compensation expense
$26.3M
$35.3M
$30.0M
$18.7M
Noncash lease expense
$999.0K
$891.0K
$697.0K
$616.0K
Long-lived assets write-off
$0
$0
$683.0K
—
Players’ receivables
($515.0K)
($4.8M)
$658.0K
($5.3M)
Due from affiliates
($1.7M)
$15.3M
$2.4M
($7.7M)
Prepaid expenses and other assets
($8.0M)
($7.8M)
$722.0K
($3.9M)
Accounts payable, accrued expenses and other liabilities
$35.5M
$25.9M
—
—
Players’ liabilities
$2.9M
$2.4M
($377.0K)
$18.4M
Net cash provided by (used in) operating activities
$165.0M
$106.4M
($5.9M)
($60.3M)
Internally developed software costs
($28.6M)
($24.4M)
($22.6M)
($16.8M)
Acquisition of gaming licenses
($3.8M)
($4.1M)
($7.3M)
($5.5M)
Acquisition of other intangibles
($2.6M)
($2.1M)
($765.0K)
($1.9M)
Short-term investments
($1.0M)
($1.9M)
($3.1M)
—
Purchases of property and equipment
($767.0K)
($925.0K)
($1.3M)
($4.2M)
Acquisition of developed technology
($225.0K)
—
—
$0
Investments in equity securities
$0
$0
($470.0K)
—
Proceeds from long-term time deposits
$0
$0
$1.7M
—
Net cash used in investing activities
($37.0M)
($33.4M)
($33.8M)
($29.0M)
Payments for employee taxes related to shares withheld
-26.5M
-1.2M
—
—
Repurchase of Class A Common Stock
($7.6M)
—
$0
$0
Principal payments of finance lease liabilities
($2.7M)
($1.6M)
($518.0K)
($1.2M)
Tax distributions to non-controlling interests
($724.0K)
—
—
—
Proceeds from exercise of stock options
$176.0K
$67.0K
—
—
Net cash used in financing activities
($37.4M)
($2.7M)
($518.0K)
($1.2M)
Effect of exchange rate changes on cash, cash equivalents and restricted cash
$17.1M
($8.7M)
$5.1M
($3.7M)
Net change in cash, cash equivalents and restricted cash
$107.7M
$61.8M
($35.1M)
($94.2M)
Cash, cash equivalents and restricted cash, at the beginning of the year
$232.8M
$171.0M
$206.1M
$300.3M
Cash, cash equivalents and restricted cash, at the end of the year
$340.5M
$232.8M
$171.0M
$206.1M
Right-of-use assets obtained in exchange for new or modified operating lease liabilities
$1.3M
$1.6M
$210.0K
$965.0K
Right-of-use assets obtained in exchange for new or modified finance lease liabilities
$3.5M
$2.0M
$2.4M
$1.1M
Allocation of equity and non-controlling interests upon changes in RSILP ownership
$8.1M
$13.4M
$5.0M
$4.1M
Shares withheld for employee taxes in Other Current Liabilities
363.0K
1.8M
—
—
Investing activities in Accounts Payable and Accrued Expenses
$363.0K
—
—
—
Cash paid for income taxes
$32.7M
$16.5M
$7.4M
$6.8M
Cash paid for interest
$918.0K
$908.0K
$938.0K
$937.0K
Rush Street Interactive Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$55.5M
$26.2M
$54.9M
$40.0M
Depreciation and amortization expense
$21.8M
$10.7M
$29.5M
$19.3M
Share-based compensation expense
$14.0M
$6.7M
$21.3M
$14.9M
Deferred income taxes
$9.2M
$3.3M
($121.4M)
($122.1M)
Noncash lease expense
$535.0K
$265.0K
$740.0K
$481.0K
Change in tax receivable agreement liability
$0
$0
$113.0M
$113.0M
Players’ receivables
($9.3M)
($10.7M)
($6.6M)
($5.6M)
Due from affiliates
$4.8M
$740.0K
$804.0K
$1.9M
Prepaid expenses and other assets
($11.1M)
($7.0M)
($4.5M)
($905.0K)
Accounts payable, accrued expenses and other liabilities
($13.9M)
($9.6M)
$4.1M
($3.7M)
Players’ liabilities
$501.0K
($533.0K)
$4.1M
($2.9M)
Net cash provided by operating activities
$72.2M
$20.1M
$95.9M
$54.5M
Internally developed software costs
($15.7M)
($8.0M)
($21.6M)
($13.1M)
Acquisition of gaming licenses
($4.3M)
($710.0K)
($3.2M)
($2.9M)
Acquisition of other intangible assets
($2.5M)
($285.0K)
($2.2M)
($1.4M)
Proceeds from (purchases of) short-term investments
$1.2M
—
—
—
Purchases of property and equipment
($599.0K)
($252.0K)
($590.0K)
($363.0K)
Acquisition of developed technology
$0
$0
($225.0K)
($225.0K)
Net cash used in investing activities
($21.9M)
($9.2M)
($28.9M)
($19.1M)
Payments for employee taxes related to shares withheld
-30.5M
-22.7M
-24.4M
-24.2M
Repurchase and retirement of Class A Common Stock
($28.8M)
—
—
—
Tax distributions to non-controlling interests
($1.2M)
—
—
—
Payments of tax receivable agreement liability
($1.0M)
—
—
—
Proceeds from exercise of stock options
$980.0K
$405.0K
$0
—
Principal payments of finance lease liabilities
($888.0K)
($415.0K)
($2.4M)
($2.0M)
Repurchase of Class A Common Stock
$0
$0
($7.6M)
($7.6M)
Net cash used in financing activities
($61.5M)
($22.7M)
($34.4M)
($33.9M)
Effect of exchange rate changes on cash, cash equivalents and restricted cash
$13.4M
$2.9M
$12.2M
$7.7M
Net change in cash, cash equivalents and restricted cash
$2.2M
($8.9M)
$44.8M
$9.2M
Cash, cash equivalents and restricted cash, at the beginning of the period
$340.5M
$340.5M
$232.8M
$232.8M
Cash, cash equivalents and restricted cash, at the end of the period
$342.7M
$331.6M
$277.6M
$242.0M
Right-of-use assets obtained in exchange for new or modified operating lease liabilities
$0
$0
$487.0K
$487.0K
Right-of-use assets obtained in exchange for new or modified finance lease liabilities
$416.0K
$104.0K
$3.5M
$3.3M
Allocation of equity and non-controlling interests upon changes in RSILP ownership
$18.9M
$2.5M
$5.2M
$3.4M
Employee tax liability related to shares withheld in Other Current Liabilities
309.0K
7.8M
1.9M
174.0K
Investing activities in Accounts Payable and Accrued Expenses
$681.0K
$2.9M
$336.0K
—
Re-issuance of treasury stock under the equity compensation plan