10-K · February 18, 2026
Rush Street Interactive (RSI) reports strong 2025 operating momentum: quarterly revenue grew to $324.9M in Q4 2025 and full-year revenue totaled approximately $1,134M (sum of quarterly results). The company highlights…
Earnings analysis · 10-Q
RSI earnings analysis
Filed April 29, 2026 · Our reading of the company's report
The latest report
Rush Street Interactive reported Q1 revenue of $370.4 million, a 41% increase year-over-year, surpassing expectations. Net income grew significantly by 134% to $26.2 million, and adjusted EPS came in at $0.14.…
Read full summary
Rush Street Interactive reported Q1 revenue of $370.4 million, a 41% increase year-over-year, surpassing expectations. Net income grew significantly by 134% to $26.2 million, and adjusted EPS came in at $0.14. Management raised 2026 revenue guidance to between $1.49 billion and $1.54 billion, indicating optimistic growth prospects for the year ahead.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.14
What stood out
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Record Q1 Revenue Growth
Revenue rose to $370.4 million, up 41% YoY from $262.4 million.
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Net Income Surge
Net income increased 134% to $26.2 million vs. $11.2 million last year.
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Improved Adjusted EPS
Adjusted EPS for Q1 was $0.14, beating estimates by 27%.
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Strong Operating Income Growth
Operating income rose to $42.8 million, a 187% increase from the previous year.
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Expansion in Monthly Active Users (MAUs)
Increased MAUs in both the U.S. and Latin America, reflecting strong customer engagement.
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Enhanced 2026 Revenue Guidance
Revenue guidance raised to $1.49B–$1.54B, a 31%–36% YoY increase.
What to watch
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Temporary Tax Uncertainties in Colombia
Continued uncertainty regarding the temporary VAT on online betting could impact future revenues.
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Increasing Operating Costs
Cost of revenue increased by 39% YoY, potentially affecting margins.
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Foreign Currency Risks
Exposure to foreign currency fluctuations could impact profitability, particularly in LATAM markets.
Management's outlook
Revenue guidance raised to $1.49B–$1.54B for 2026, which reflects expectations based on operations live as of the filing date.
Earlier filings 4
10-Q · May 1, 2025
Rush Street Interactive reported Q1 revenue of $262,407,000, up $44,979,000 (+20.7% YoY) from $217,428,000 and up modestly vs. the prior quarter. Gross margin was 34.9% and operating margin expanded to 5.6% with income…
10-K · February 28, 2025
Rush Street Interactive (RSI) positions itself as a fast-to-market B2C online gaming operator with a proprietary platform, focusing on online casino and sports betting across the U.S., Canada and Latin America.…
10-Q · May 2, 2024
Rush Street Interactive reported revenue of $217.4M for the quarter ended March 31, 2024, up $55.1M (+33.9%) versus $162.4M in Q1 2023. Operating income turned positive at $1.5M (operating margin ~0.7%) versus an…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.