RSI
Rush Street Interactive, Inc.
Next earnings Jul 28, 2026 (after close) · consensus $0.15 EPS, $366M rev
Last earnings -1.2% on 2026-04-28
$31.68
▲ +1.15%$31.68▲ +115.36%
over 1Y
L $14.51H $31.68
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+1.1%
1W+4.3%
1M+24.6%
3M+39.7%
YTD+64.1%
1Y+115.4%
Buy
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 15 analysts
Buy
Online casino and sportsbook operator hitting a clear profitability inflection — fast revenue growth, real operating cash flow, but a rich multiple.
Revenue $1.13B · FY2025
The read
The fundamentals carry the rating, but the price is rich (~63% above our fair-value estimate) — a quality-at-a-price call. The case rests on the business, not the entry; patient buyers may wait for a pullback.
Rush Street Interactive (BetRivers) is an online casino and sports-betting operator competing in the structurally growing US iGaming/OSB market plus international (notably Latin America). FY2025 marks a genuine inflection from cash-burning growth to profitable scale: revenue grew 22.8% to $1.13B (extending the climb from $488M in FY2021), operating income jumped 249.0% to $87.4M, and operating cash flow rose 55.0% to $165M. The model is now self-funding — capex is negligible (under $1M) and the company holds $336M of cash with a light, mostly operational liability structure. ROE reached 22.6%.
The earnings quality warrants a caveat. Reported net income of $33.3M (up from near-zero) was, per the MD&A, boosted by a $112.1M deferred income-tax benefit, so the cleaner read of underlying profitability is the $87.4M operating income and the $165M of operating cash flow — both of which are strong and growing. Accumulated deficit remains at -$103M, a reminder this is a young company only recently reaching profitability, and a complex Up-C structure (RSILP, tax-receivable agreement, Class V voting stock) adds governance and tax-distribution complexity.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:54 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $488M | $592M | $691M | $924M | $1.13B |
| Gross profit | — | — | — | — | — |
| Operating income | -$94.3M | -$125M | -$51.6M | $25.0M | $87.4M |
| Net income | -$19.5M | -$38.6M | -$18.3M | $2.39M | $33.3M |
| Diluted EPS | -$0.51 | -$0.61 | -$0.27 | $0.03 | $0.31 |
| Net margin | -4.0% | -6.5% | -2.6% | 0.3% | 2.9% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$7.00B
EV / EBITDA54.9
EV / Sales6.2
EV / FCF42.6
P / FCF44.7
PEG (trailing)0.08
Earnings yield0.5%
FCF yield2.2%
Quality & risk
ROIC (est.)46.9%
Free cash flow$164M
Total debt—
Net cash$336M
Altman Z-Score14.70 safe
Piotroski F-Score5/7
Capital returns
Buyback yield0.1%
Dividend yield (est.)—
Shareholder yield0.1%
Shares Δ YoY+17.2%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRoutine disclosure cadence — no material red flags in recent filings.
Recent filings
all on EDGAR ↗4Period ending 2026-07-012026-07-02open ↗4Period ending 2026-07-012026-07-02open ↗144Filing2026-07-01open ↗4Period ending 2026-06-252026-06-26open ↗4Period ending 2026-06-252026-06-26open ↗144Filing2026-06-25open ↗4Period ending 2026-06-032026-06-05open ↗4Period ending 2026-06-032026-06-05open ↗4Period ending 2026-06-032026-06-05open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗8-KPeriod ending 2026-06-032026-06-03open ↗
Frequently asked
- Is Rush Street Interactive, Inc. (RSI) a buy?
- RSI currently carries a Buy rating with 3/5 conviction, derived from its latest SEC filings. Online casino and sportsbook operator hitting a clear profitability inflection — fast revenue growth, real operating cash flow, but a rich multiple.
- What is RSI's fair value?
- A Modified-Graham model based on RSI's SEC fundamentals estimates a fair value of about $11.78. It is an estimate from reported earnings, not a price target.
- Is RSI overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, RSI currently appears overvalued relative to its SEC-grounded earnings power.
- What is Rush Street Interactive, Inc.'s quality score?
- RSI scores 69.88908045977011/100 (grade B-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001793659, latest 10-Q filed 2026-04-29) · EODHD · Proprietary analysis · as of 6/21/2026, 8:54:18 PM.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.