A Business at a Glance
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Rush Street Interactive, Inc.
RSI
$3.4B
Mkt Cap
$31.43
+0.35%
Rush Street Interactive, Inc. (RSI) has a current P/E ratio of 101.4, compared to its historical median P/E of 62.9. The stock is currently considered Expensive based on its historical valuation range.
Rush Street Interactive, Inc. (RSI) has a 5-year average return on invested capital (ROIC) of -1.1%. This is below average and may indicate limited pricing power.
Rush Street Interactive, Inc. (RSI) has a market capitalization of $3.4B. It is classified as a mid-cap stock.
Rush Street Interactive, Inc. (RSI) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.07%.
Based on historical P/E analysis, Rush Street Interactive, Inc. (RSI) appears expensive. The current P/E of 101.4 is 61% above its historical median of 62.9. The estimated fair value CAGR (P/E method) is 135.5%.
Rush Street Interactive, Inc. (RSI) operates in the Services-Miscellaneous Amusement & Recreation industry, within the Consumer Cyclical sector.
Unless the context requires otherwise, each of the terms the “Company,” “Rush Street Interactive,” “RSI,” “we,” “our,” “us” and similar terms used herein refer collectively to Rush Street Interactive, Inc., a Delaware corporation, and its consolidated subsidiaries. We are a leading online gaming and entertainment company that focuses primarily on online casino and online sports betting in the U.S., Canadian and Latin American markets. Our mission is to engage and delight players by delivering friendly, fun and fair betting experiences. In furtherance of this mission, we strive to create an online community for our customers where we are transparent and honest, treat our customers fairly, show them that we value their time and loyalty, and listen to feedback. We also endeavor to implement industry leading responsible gaming practices and provide our customers with a cutting-edge online gaming platform and exciting, personalized offerings that will enhance their user experience.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.2B | 1.1B | 924M | 691M | 592M | 488M |
| Net Income | 37M | 33M | 2.4M | -18M | -39M | -19M |
| EPS | $0.20 | $0.31 | $0.03 | $-0.27 | $-0.61 | $-0.51 |
| Free Cash Flow | 156M | 164M | 106M | -7.2M | -64M | -52M |
| ROIC | 10.2% | 77.4% | 22.7% | -32.9% | -54.6% | -18.2% |
| Gross Margin | - | 34.6% | 34.9% | 32.7% | 30.0% | 32.0% |
| Debt/Equity | 0.02 | 0.04 | 0.06 | 0.07 | 0.03 | 0.02 |
| Dividends/Share | $0.00 | - | - | - | - | $0.00 |
| Operating Income | 116M | 87M | 25M | -52M | -125M | -94M |
| Operating Margin | 9.3% | 7.7% | 2.7% | -7.5% | -21.1% | -19.3% |
| ROE | 23.3% | 29.5% | 3.6% | -33.3% | -54.6% | -164.8% |
| Shares Outstanding | 107M | 107M | 80M | 68M | 63M | 38M |
| Metric | ||||||||
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 64M | 279M | 488M | 592M | 691M | 924M | 1.1B | 1.2B |
| Gross Margin | N/A | 31.5% | 32.0% | 30.0% | 32.7% | 34.9% | 34.6% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 24M | 162M | 56M | 68M | 87M | 106M | 101M | 107M |
| EBIT | -22M | -133M | -94M | -125M | -52M | 25M | 87M | 116M |
| Op. Margin | -35.1% | -47.9% | -19.3% | -21.1% | -7.5% | 2.7% | 7.7% | 9.3% |
| Net Income | -22M | 1.1M | -19M | -39M | -18M | 2.4M | 33M | 37M |
| Net Margin | -35.3% | 0.4% | -4.0% | -6.5% | -2.6% | 0.3% | 2.9% | 3.0% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||||||
| ROIC | -87.6% | -25.9% | -18.2% | -54.6% | -32.9% | 22.7% | 77.4% | 10.2% |
| ROE | N/A | -1.7% | -164.8% | -54.6% | -33.3% | 3.6% | 29.5% | 23.3% |
| ROA | -88.1% | 0.6% | -5.4% | -10.2% | -5.5% | 0.7% | 6.4% | 5.5% |
| Cash Flow | ||||||||
| Op. Cash Flow | -2.5M | 16M | -48M | -60M | -5.9M | 106M | 165M | 156M |
| Free Cash Flow | -2.9M | 14M | -52M | -64M | -7.2M | 106M | 164M | 156M |
| Owner Earnings | -17M | -131M | -77M | -93M | -66M | 39M | 99M | 91M |
| CapEx | 430K | 1.9M | 3.8M | 4.2M | 1.3M | 925K | 767K | 858K |
| Maint. CapEx | 1.1M | 2.1M | 4.2M | 14M | 30M | 32M | 40M | 41M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 1.1M | 2.1M | 4.2M | 14M | 30M | 32M | 40M | 41M |
| CapEx/OCF | N/A | 11.6% | N/A | N/A | N/A | 0.9% | 0.5% | 0.5% |
| Capital Allocation | ||||||||
| Dividends Paid | 0 | 5.2M | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | 0.8% | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 3.5M | 0 | 0 | 0 | 7.6M | 2.5M |
| Buyback Yield | N/A | N/A | 0.1% | N/A | N/A | N/A | 0.2% | 0.1% |
| Stock-Based Comp | 13M | 145M | 25M | 19M | 30M | 35M | 26M | 24M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||||||
| Net Debt | N/A | -254M | -279M | -178M | -168M | -229M | -336M | -334M |
| Cash & Equiv. | 6.9M | 256M | 281M | 180M | 168M | 229M | 336M | 337M |
| Long-Term Debt | N/A | N/A | N/A | N/A | 1.5M | 1.3M | 2.0M | 1.6M |
| Debt/Equity | N/A | -0.02 | 0.02 | 0.03 | 0.07 | 0.06 | 0.04 | 0.02 |
| Interest Coverage | -181.5 | -988.3 | -504.2 | -217.8 | -18.7 | 148.2 | 439.3 | 439.3 |
| Equity | 0 | -62M | 85M | 56M | 54M | 79M | 147M | 159M |
| Total Assets | 25M | 309M | 409M | 350M | 319M | 379M | 659M | 677M |
| Total Liabilities | 25M | 576M | 101M | 159M | 152M | 181M | 355M | 359M |
| Intangibles | 7.0M | 9.8M | 53M | 69M | 75M | 77M | 76M | 78M |
| Retained Earnings | 0 | -62M | -81M | -120M | -138M | -136M | -103M | -94M |
| Working Capital | -8.9M | -107M | 258M | 121M | 91M | 122M | 197M | 203M |
| Current Assets | 17M | 294M | 342M | 264M | 229M | 285M | 407M | 415M |
| Current Liabilities | 26M | 401M | 84M | 144M | 138M | 163M | 210M | 212M |
| Per Share Data | ||||||||
| EPS | N/A | 0.02 | -0.51 | -0.61 | -0.27 | 0.03 | 0.31 | 0.20 |
| Owner EPS | N/A | -2.50 | -2.02 | -1.47 | -0.97 | 0.49 | 0.92 | 0.85 |
| Book Value | N/A | -1.18 | 2.24 | 0.88 | 0.79 | 0.99 | 1.37 | 1.49 |
| Cash Flow/Share | N/A | 0.31 | -1.26 | -0.95 | -0.09 | 1.34 | 1.54 | 0.73 |
| Dividends/Share | N/A | 0.02 | 0.00 | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | N/A | 52.2M | 38.2M | 63.3M | 67.8M | 79.6M | 107.4M | 106.9M |
| Valuation | ||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | 458.0 | 62.9 | 154.0 |
| P/FCF | N/A | 88.7 | N/A | N/A | N/A | 10.4 | 12.8 | 21.6 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 26.2 |
| Price/Book | N/A | N/A | 42.8 | 13.0 | 19.4 | 40.6 | 30.8 | 21.1 |
| Price/Sales | N/A | 9.5 | 7.4 | 2.4 | 1.3 | 2.2 | 3.2 | 2.7 |
| FCF Yield | N/A | 0.3% | -1.4% | -8.8% | -0.7% | 3.3% | 3.6% | 4.6% |
| Market Cap | N/A | 5.3B | 3.7B | 731M | 1.0B | 3.2B | 4.5B | 3.4B |
| Avg. Price | N/A | 12.10 | 16.38 | 6.42 | 3.82 | 8.79 | 15.73 | 31.43 |
| Year-End Price | N/A | 24.28 | 16.55 | 3.28 | 4.57 | 13.74 | 19.49 | 31.43 |
Rush Street Interactive, Inc. passes 3 of 9 quality checks, indicating weak fundamentals.
Rush Street Interactive, Inc. trades at 101.4x trailing earnings, compared to its 15-year median P/E of 62.9x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 19.7x vs a median of 12.8x. The company's 5-year average gross margin is 32.8%. At current prices, the estimated annualized return to fair value is +93.6%.
Rush Street Interactive, Inc. (RSI) reported annual revenue of $1.1 billion in its most recent fiscal year, based on SEC EDGAR filings.
Rush Street Interactive, Inc. (RSI) has a net profit margin of 2.9%. This is a modest margin.
Rush Street Interactive, Inc. (RSI) generated $164 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Rush Street Interactive, Inc. (RSI) has a debt-to-equity ratio of 0.04. This indicates a conservatively financed balance sheet.
Rush Street Interactive, Inc. (RSI) reported earnings per share (EPS) of $0.31 in its most recent fiscal year.
Rush Street Interactive, Inc. (RSI) has a return on equity (ROE) of 29.5%. This indicates the company generates strong returns for shareholders.
Rush Street Interactive, Inc. (RSI) has a 5-year average gross margin of 32.8%. This indicates decent pricing power.
The Ledger Terminal provides 7 years of financial data for Rush Street Interactive, Inc. (RSI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Rush Street Interactive, Inc. (RSI) has a book value per share of $1.37, based on its most recent annual SEC filing.