Rush Street Interactive (RSI) AI Stock Analysis

• Market Cap: $4.43B
• Dividend Yield: N/A
• Average Volume (3M): 1.15M
• Price to Earnings (P/E): 77.0
• Beta (1Y): 1.05
• Revenue Growth: 23.15%
• EPS Growth: N/A
• Country: US
• Employees: 883
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): 0.09
• Shares Outstanding: 97,911,940
• 10 Day Avg. Volume: 1,132,537
• 30 Day Avg. Volume: 1,150,551
• PEG Ratio: -4.24
• Price to Book (P/B): 14.26
• Price to Sales (P/S): 1.21
• P/FCF Ratio: 14.57
• Enterprise Value/Market Cap: 1.07
• Enterprise Value/Revenue: 4.43
• Enterprise Value/Gross Profit: 12.62
• Enterprise Value/Ebitda: 42.25
• 1Y Price Target: $23.14
• Price Target Upside: 19.90% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 7
• EPS Forecast (FY): 0.4
• Revenue Forecast (FY): $1.11B

• Rating: 68 Neutral
• Price Target: $20.50 ▲(6.22% Upside)

Rush Street Interactive's overall stock score reflects a strong earnings call performance and strategic leadership changes, which are the most significant factors. Financial performance is solid but could benefit from improved operational efficiency and cash management. The stock's valuation appears high, which may deter some investors. Technical indicators suggest a neutral trend, and corporate events are positively viewed.

Positive Factors

Revenue Growth

Consistent revenue growth over 10 consecutive quarters indicates strong market demand and effective business strategy, supporting long-term expansion.

Market Expansion

Strategic market expansions into new regions like Alberta enhance growth prospects and diversify revenue streams, strengthening competitive positioning.

Leadership Strength

Promoting a proven leader to President can drive strategic alignment and operational efficiency, fostering sustainable growth and innovation.

Negative Factors

Operational Efficiency

Challenges in operational efficiency, as indicated by negative EBITDA, could hinder profitability and require strategic improvements to sustain growth.

Colombian Market Challenges

Revenue decline in Colombia due to VAT tax challenges indicates potential risks in international markets, impacting overall revenue stability.

Sports Betting Revenue Contraction

Contraction in sports betting revenue highlights vulnerability to market-specific challenges, affecting the company's core revenue stream.

Rush Street Interactive Business Overview & Revenue Model

Company Description

Rush 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 Money

Rush 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 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

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

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

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.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.06B	924.08M	691.16M	592.21M	488.11M	278.50M
Gross Profit	373.58M	322.05M	226.15M	177.55M	155.96M	87.63M
EBITDA	111.62M	56.51M	-21.85M	-110.47M	-90.03M	-126.51M
Net Income	30.09M	2.39M	-18.30M	-38.63M	-29.06M	1.08M
Balance Sheet
Total Assets	593.16M	379.47M	318.58M	350.35M	408.73M	308.56M
Cash, Cash Equivalents and Short-Term Investments	273.50M	229.17M	168.33M	206.08M	281.03M	255.62M
Total Debt	0.00	4.64M	4.13M	1.90M	1.66M	1.21M
Total Liabilities	318.80M	181.15M	152.45M	159.47M	101.03M	575.89M
Stockholders Equity	133.08M	78.68M	53.77M	56.05M	85.44M	-61.78M
Cash Flow
Free Cash Flow	99.84M	77.02M	-37.12M	-88.62M	-82.94M	9.94M
Operating Cash Flow	121.81M	106.45M	-5.93M	-60.32M	-48.19M	16.18M
Investing Cash Flow	-36.02M	-33.36M	-33.78M	-28.99M	-37.00M	-6.24M
Financing Cash Flow	-36.37M	-2.65M	-518.00K	-1.22M	125.58M	241.07M

Rush Street Interactive Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 19.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RSI, the sentiment is Positive. The current price of 19.3 is above the 20-day moving average (MA) of 18.14, above the 50-day MA of 18.18, and above the 200-day MA of 15.82, indicating a bullish trend. The MACD of 0.30 indicates Negative momentum. The RSI at 63.39 is Neutral, neither overbought nor oversold. The STOCH value of 70.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RSI.

Rush Street Interactive Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LNW	78 Outperform	―	―	50.47%	―	1.87%	42.43%
SGHC	73 Outperform	$5.74B	26.27	32.35%	1.40%	29.54%	4389.69%
RSI	68 Neutral	$4.43B	77.05	29.67%	―	23.15%	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
DKNG	59 Neutral	$31.64B	―	-29.59%	―	18.51%	37.25%
CDRO	58 Neutral	$259.70M	415.33	23.16%	―	1.79%	―
BALY	54 Neutral	$788.07M	―	-114.88%	―	0.36%	47.55%

Rush Street Interactive Corporate Events

Rush Street Interactive Promotes Kyle Sauers to President

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.