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Rush Street Interactive (RSI)
NYSE:RSI
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Rush Street Interactive (RSI) AI Stock Analysis

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RSI

Rush Street Interactive

(NYSE:RSI)

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Neutral 67 (OpenAI - 4o)
Rating:67Neutral
Price Target:
$20.50
▲(20.87% Upside)
Rush Street Interactive's overall stock score is driven by strong financial performance and positive earnings call highlights, including record revenue and strategic expansions. However, technical indicators suggest potential short-term bearish momentum, and the high P/E ratio indicates possible overvaluation. The company's growth trajectory is promising, but operational efficiency and cash management require attention.
Positive Factors
Revenue Growth
Consistent revenue growth over ten consecutive quarters indicates strong market demand and effective business strategies, enhancing long-term prospects.
Market Expansion
Strategic expansion into new markets like Alberta can drive future growth and diversify revenue streams, strengthening RSI's competitive position.
User Engagement
Rising monthly active users reflect strong customer engagement and satisfaction, which are crucial for sustaining long-term revenue growth.
Negative Factors
Operational Efficiency
Challenges in operational efficiency, as indicated by negative EBITDA margins, may hinder profitability and require strategic adjustments.
Colombian Market Challenges
Regulatory challenges in Colombia, such as VAT tax impacts, could limit revenue growth and profitability in this market, affecting overall performance.
Cash Retention
Limited cash retention capabilities may restrict investment in growth initiatives and impact financial flexibility, necessitating improved cash management.

Rush Street Interactive (RSI) vs. SPDR S&P 500 ETF (SPY)

Rush Street Interactive Business Overview & Revenue Model

Company DescriptionRush Street Interactive, Inc. operates as an online casino and sports betting company in the United States and Latin America. It provides real-money online casino, online and retail sports betting, and social gaming services. In addition, the company offers full suite of games comprising of bricks-and-mortar casinos, table games, and slot machines. The company markets its online casino and sports betting under BetRivers.com, PlaySugarHouse.com, and RushBet.co brands. Rush Street Interactive, Inc. was founded in 2012 and is headquartered in Chicago, Illinois.
How the Company Makes MoneyRush Street Interactive generates revenue primarily through online sports betting and casino gaming. The company earns money by taking a percentage of wagers placed on its platforms, known as the 'hold' or 'vig,' which is the difference between the total amount wagered and the winnings paid out. Key revenue streams include sports betting, where customers place bets on various sporting events, and casino gaming, which encompasses a range of games such as slots, table games, and live dealer experiences. Additionally, RSI benefits from partnerships with various sports leagues and teams, as well as collaborations with third-party technology providers that enhance its offerings and expand its market reach. The company also focuses on customer acquisition through promotions and bonuses, driving user engagement and increasing its revenue potential.

Rush Street Interactive Key Performance Indicators (KPIs)

Any
Any
Revenue by Segment
Revenue by Segment
Chart Insights
Data provided by:Main Street Data

Rush Street Interactive Earnings Call Summary

Earnings Call Date:Oct 29, 2025
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Mar 04, 2026
Earnings Call Sentiment Positive
The earnings call highlighted significant growth in revenue, user engagement, and adjusted EBITDA, alongside strategic expansions and strong market performance in North America. However, challenges in Colombia due to the VAT tax and sports betting revenue contraction were noted.
Q3-2025 Updates
Positive Updates
Record Revenue Achievement
Revenue reached a record $277.9 million, up 20% year-over-year, marking the 10th consecutive quarter of sequential revenue growth.
Strong MAU Growth
In North America, MAUs increased 34% year-over-year to 225,000. In Latin America, MAUs grew 30% year-over-year to 415,000.
Significant Growth in North American Online Casino Markets
Online casino markets in North America saw a 46% year-over-year MAU growth, with notable growth in markets like Delaware (74% net revenue growth) and Michigan (48% growth).
Improved EBITDA Performance
Adjusted EBITDA of $36 million increased 54% year-over-year, demonstrating significant operating leverage.
Promising Expansion Plans
Exciting expansion plans into Alberta, leveraging previous success in markets like Ontario.
Negative Updates
Colombia Revenue Decline
Net revenue in Colombia was down 27% due to player bonusing related to the temporary VAT tax.
Sports Betting Revenue Contraction
Online sports betting revenue contracted 16% due to elevated bonusing in Colombia.
Challenges with Colombian VAT Tax
The VAT tax environment in Colombia continues to pose challenges, impacting gross margins and revenue.
Company Guidance
During the Rush Street Interactive Third Quarter 2025 Earnings Conference Call, the company announced a record revenue of $277.9 million, marking a 20% year-over-year increase and the 10th consecutive quarter of sequential revenue growth. Adjusted EBITDA rose by 54% year-over-year to $36 million, demonstrating significant operating leverage. Notably, monthly active users (MAUs) in North America grew by 34% year-over-year, reaching 225,000, with the online casino segment showing a 46% growth in MAUs. The company highlighted exceptional performance in specific markets, with Delaware, Michigan, New Jersey, Ontario, and Pennsylvania showing significant revenue growth. In Latin America, MAUs increased by 30%, reaching 415,000 users. The company raised its full-year 2025 revenue guidance to $1.1 billion to $1.12 billion and adjusted EBITDA guidance to between $147 million and $153 million, reflecting a $35 million and $10 million increase at the respective midpoints.

Rush Street Interactive Financial Statement Overview

Summary
Rush Street Interactive demonstrates solid financial performance with revenue growth and profitability improvements. The balance sheet shows financial stability with low leverage and strong equity returns. Cash flow generation is positive, though there is potential for better cash retention. The company is on a promising growth trajectory, but attention to operational efficiency and cash management could further strengthen its financial position.
Income Statement
75
Positive
Rush Street Interactive shows a positive trajectory in revenue growth with a 5.04% increase in the TTM period. The company has improved its profitability, as evidenced by a net profit margin of 2.48% and an EBIT margin of 5.65%. However, the negative EBITDA margin of -1.59% indicates challenges in operational efficiency. Overall, the income statement reflects a company on a growth path with improving profitability, though operational efficiency needs attention.
Balance Sheet
70
Positive
The balance sheet is relatively strong with a low debt-to-equity ratio of 0.05, indicating low leverage and financial stability. The return on equity (ROE) of 28.61% is impressive, showcasing effective use of equity to generate profits. However, the equity ratio is not explicitly provided, which limits a full assessment of asset financing. Overall, the balance sheet suggests a stable financial position with efficient equity utilization.
Cash Flow
68
Positive
Cash flow analysis reveals a healthy free cash flow growth rate of 7.58% in the TTM period, indicating improved cash generation. The operating cash flow to net income ratio of 0.68 suggests a strong conversion of income to cash, although the free cash flow to net income ratio of 0.73 indicates room for improvement in cash retention. Overall, the cash flow statement reflects positive cash generation trends, though further enhancement in cash retention is advisable.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue1.06B924.08M691.16M592.21M488.11M278.50M
Gross Profit373.58M322.05M226.15M177.55M155.96M87.63M
EBITDA111.62M56.51M-21.85M-110.47M-90.03M-126.51M
Net Income30.09M2.39M-18.30M-38.63M-29.06M1.08M
Balance Sheet
Total Assets593.16M379.47M318.58M350.35M408.73M308.56M
Cash, Cash Equivalents and Short-Term Investments273.50M229.17M168.33M179.72M281.03M255.62M
Total Debt0.004.64M3.51M1.90M1.66M1.21M
Total Liabilities318.80M181.15M152.45M159.47M101.03M575.89M
Stockholders Equity133.08M78.68M53.77M56.05M85.44M-61.78M
Cash Flow
Free Cash Flow58.65M77.02M-37.12M-88.62M-82.94M9.94M
Operating Cash Flow80.39M106.45M-5.93M-60.32M-48.19M16.18M
Investing Cash Flow-26.26M-33.36M-33.78M-28.99M-37.00M-6.24M
Financing Cash Flow-35.82M-2.65M-518.00K-1.22M125.58M241.07M

Rush Street Interactive Technical Analysis

Technical Analysis Sentiment
Negative
Last Price16.96
Price Trends
50DMA
20.32
Negative
100DMA
18.19
Negative
200DMA
15.33
Positive
Market Momentum
MACD
-0.55
Positive
RSI
35.57
Neutral
STOCH
27.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RSI, the sentiment is Negative. The current price of 16.96 is below the 20-day moving average (MA) of 18.78, below the 50-day MA of 20.32, and above the 200-day MA of 15.33, indicating a neutral trend. The MACD of -0.55 indicates Positive momentum. The RSI at 35.57 is Neutral, neither overbought nor oversold. The STOCH value of 27.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for RSI.

Rush Street Interactive Risk Analysis

Rush Street Interactive disclosed 62 risk factors in its most recent earnings report. Rush Street Interactive reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Rush Street Interactive Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
$4.15B90.1329.67%26.99%
$5.54B43.0521.44%2.46%26.85%1963.28%
$18.38B12.79-2.54%3.03%1.52%-15.83%
$5.99B18.0846.91%3.93%19.20%
$282.52M451.822.77%
$903.37M-113.09%-1.10%-1.69%
$27.26B-26.38%25.80%27.64%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
RSI
Rush Street Interactive
16.96
6.14
56.75%
LNW
Light & Wonder
71.41
-22.37
-23.85%
DKNG
DraftKings
30.14
-5.18
-14.67%
SGHC
Super Group (SGHC)
10.96
7.01
177.47%
CDRO
Codere Online
6.12
-1.74
-22.14%
BALY
Bally's Corporation
18.63
-3.44
-15.59%

Rush Street Interactive Corporate Events

Rush Street Interactive Reports Strong Q3 2025 Growth
Oct 30, 2025

Rush Street Interactive, Inc. (RSI) is a prominent online gaming and sports entertainment company operating in the United States, Canada, and Latin America, known for its brands like BetRivers, PlaySugarHouse, and RushBet, offering a wide range of online casino games and sports betting options.

Business Operations and StrategyExecutive/Board Changes
Rush Street Interactive Promotes Kyle Sauers to President
Positive
Oct 15, 2025

On October 15, 2025, Rush Street Interactive announced the promotion of Kyle Sauers to President, in addition to his role as Chief Financial Officer. This strategic move reflects RSI’s growth and aims to leverage Sauers’ leadership to enhance operational alignment and market performance. Sauers, who joined RSI in 2020, has been instrumental in shaping the company’s financial strategy and will now take on broader responsibilities to drive sustainable growth and innovation.

The most recent analyst rating on (RSI) stock is a Buy with a $26.00 price target. To see the full list of analyst forecasts on Rush Street Interactive stock, see the RSI Stock Forecast page.

Rush Street Interactive Reports Record Revenue and Growth
Aug 1, 2025

Rush Street Interactive, Inc. (RSI) recently held its earnings call, revealing a strong quarter characterized by record revenue and growth across key markets. Despite facing challenges such as a temporary VAT tax in Colombia and increased state taxes, the company raised its full-year guidance, highlighting positive momentum and marketing efficiency that significantly outweigh the lowlights.

Rush Street Interactive Reports Record Q2 2025 Results
Jul 31, 2025

Rush Street Interactive, Inc. (RSI) is a prominent online casino and sports betting company operating in the United States and across the Americas, known for its innovative gaming offerings and strong presence in regulated markets.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 30, 2025