RSI at a glance
Rush Street Interactive, Inc. (RSI, SEC CIK 1793659) filed its latest 10-K annual report on February 18, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on July 29, 2026 and Form 4 insider filings as recently as October 5, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Rush Street Interactive, Inc. (RSI) reported revenue of $1.1 billion (up 22.8% from FY2024) and net income of $33.3 million. Diluted EPS was $0.31.
- As of June 30, 2026, 34 institutional investment managers tracked by SignalX reported holding Rush Street Interactive, Inc. (RSI) shares worth $1.8 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Sauers Kyle on October 5, 2026 of 23,000 shares at $20.31 per share.
- In the last 90 days, RSI insiders reported 1 open-market purchase ($29K) and 15 open-market sales ($14.8M) on Form 4, a net sale of $14.8M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $1.1B
- +22.8% vs prior year
- Insiders · 90 days
- 1 buy · 15 sells
- Net −$14.8M
- 13F holders
- 34 funds
- $1.8B · +3 vs prior quarter
- Latest 8-K
- Jul 29, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: real-money online casino and online sports betting leveraging proprietary platform for B2C and B2B models
- NEW emphasis on online poker offered in 4 U.S. states as part of expanded customer engagement and platform capabilities
- Strategic shift: won exclusive Delaware Lottery online gaming and sports wagering operator contract in 2023, requiring flexible multi-partner business model
- Geographic expansion to 20 jurisdictions with over 360 million people, including U.S. states and international markets like Peru, Colombia, and Ontario
- Noteworthy fact: Achieved fourth largest online casino brand in New Jersey within 3 years without owning a land-based casino, demonstrating competitive strength
Risk Factors
- Regulatory risk: Uncertainty in voiding bets linked to clear sports betting errors; potential for substantial liabilities if regulators disallow this practice
- Geopolitical/macroeconomic risk: Sports event disruptions from wildfires and protests causing game postponements, affecting betting volume and revenues
- Operational/supply chain risk: Dependence on local partners (casinos, tribes, lotteries) for market access; failure to maintain these harms growth and operations
- Competitive risk: Increasing competition from CFTC-regulated “events contracts” providers with different regulatory, tax regimes creating competitive advantage
- Financial risk: Tax Receivable Agreement obligations require paying 85% of net income tax savings to sellers, potentially resulting in substantial cash outflows
Management Discussion & Analysis
- Net cash from operations $165.0M, up $58.6M YoY from $106.4M in 2024 driven by net income increase of $66.8M
- Net cash used in investing $37.0M, up $3.6M YoY, mainly from $4.2M higher software development spend
- Net cash used in financing $37.4M, up $34.7M YoY due to $25.3M employee tax payments and $7.6M share repurchases
- Exchange rate effect added $17.1M cash in 2025 vs a $8.7M reduction in 2024 from foreign currency fluctuations
- No explicit revenue, profitability, or segment performance data disclosed; key risks include tax asset realizability and TRA liabilities
AI summary of the RSI 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Revenue $393.8M, up 46% YoY from $269.2M, driven by online casino and sports betting
- Operating margin 11.7% vs 9.0% YoY, with income from operations $46.2M
- Online casino and sports betting best-performing lines, revenue up $124.7M; social gaming revenue down $0.1M
- Adjusted EBITDA $64.6M vs $40.2M YoY; net income $29.3M vs $28.8M
- Near-term growth drivers: 2026 FIFA World Cup, Alberta launch, existing-market expansion; marketing spend $49.9M, up 34% YoY
Risk Factors
- New governance risk triggered by loss of NYSE “controlled company” status and one-year transition exemptions
- Stockholder-protection risk from no majority-independent Board requirement during the transition period
- Compliance risk from relying on exemptions permitting committees without entirely independent directors
- Carried-forward risk factors unchanged from the Annual Report, with no other material changes disclosed
AI summary of the RSI 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 results released for quarter ended June 30, 2026
- Press release issued July 29, 2026
Item EX-99.1: Item EX-99.1
- Q2 revenue $393.8M, up 46% YoY, with record Adjusted EBITDA $64.6M, up 61%
- Net income reached a quarterly record $29.3M, while attributable EPS was $0.10
Item 5.07: Submission of Matters to a Vote of Security Holders
- Four Class III nominees elected to three-year terms ending at the 2029 annual meeting
- Jack Markell and Thomas Winter received approximately 198.0 million votes each, while Neil Bluhm and Niccolo de Masi received fewer
Item 8.01: Other Events
- Selling shareholders sold 11.5M Class A shares at $24.96, including fully exercised 1.5M-share overallotment option
- Company received no offering proceeds, limiting direct balance-sheet benefit
AI summaries of RSI 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for RSI
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Sauers Kyle | Sell | Oct 5, 2026 | 23,000 | $20.31 |
| SCHWARTZ RICHARD TODD | D | Oct 1, 2026 | 55,555 | - |
| SCHWARTZ RICHARD TODD | C | Oct 1, 2026 | 47,222 | - |
| SCHWARTZ RICHARD TODD | Sell | Oct 1, 2026 | 47,222 | $19.88 |
| SCHWARTZ RICHARD TODD | D | Oct 1, 2026 | 47,222 | - |
| SCHWARTZ RICHARD TODD | C | Oct 1, 2026 | 55,555 | - |
| SCHWARTZ RICHARD TODD | D | Oct 1, 2026 | 55,555 | - |
| SCHWARTZ RICHARD TODD | C | Oct 1, 2026 | 55,555 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $691.2M | $924.1M | $1.1B |
| Operating Income | - | $24.3M | $87.4M |
| Net Income | -$18.3M | $2.4M | $33.3M |
| Op. Margin | - | 2.6% | 7.7% |
| Net Margin | -2.6% | 0.3% | 2.9% |
| Balance Sheet | |||
| Total Assets | - | $379.5M | $658.5M |
| Equity | - | $78.7M | $147.2M |
| ROE | - | 3.0% | 22.6% |
| Per Share | |||
| EPS | $-0.27 | $0.03 | $0.31 |
| Cash Flow | |||
| Operating CF | - | $106.4M | $165.0M |
| CapEx | $1.3M | $925K | $767K |
Source: XBRL data in Rush Street Interactive, Inc. (RSI)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate RSI share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 34 | $1.79B |
| Q1 2026 | 31 | $847.1M |
| Q4 2025 | 27 | $748.3M |
| Q3 2025 | 28 | $748.4M |
| Q2 2025 | 27 | $428.9M |
| Q1 2025 | 21 | $220.2M |
| Q4 2024 | 19 | $247.2M |
| Q3 2024 | 13 | $82.2M |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 200 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
RSI filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 5, 2026 | - | - | - |
| 4 | Oct 5, 2026 | - | - | - |
| 4 | Oct 5, 2026 | - | - | - |
| 4 | Sep 25, 2026 | - | - | - |
| 4 | Sep 24, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| SC 13G | Sep 1, 2026 | - | - | |
| 4 | Aug 5, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| SC 13G | Jul 31, 2026 | - | - | |
| SC 13G | Jul 31, 2026 | - | - | |
| 10-Q | Jul 30, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 29, 2026 | - | Analysis | - |
| 4 | Jul 8, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jun 26, 2026 | - | - | - |
| 4 | Jun 26, 2026 | - | - | - |
| 4 | Jun 5, 2026 | - | - | |
| 4 | Jun 5, 2026 | - | - | |
| 4 | Jun 5, 2026 | - | - | |
| 4 | Jun 3, 2026 | - | - |
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RSI SEC filings: frequently asked questions
Are RSI insiders buying or selling?
In the last 90 days, Rush Street Interactive, Inc. (RSI) officers, directors and 10% owners reported 1 open-market purchase worth $29,025 by 1 insider and 15 open-market sales worth $14.8 million by 3 insiders on Form 4, a net sale of $14.8 million. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold RSI stock?
As of June 30, 2026, the largest Rush Street Interactive, Inc. (RSI) holders among the 13F filers tracked by SignalX were BlackRock ($448.4 million), Vanguard Portfolio Management LLC ($166.8 million), Ameriprise Financial ($149.2 million), Vanguard Capital Management LLC ($131.8 million), Invesco Ltd ($131.0 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was RSI's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Rush Street Interactive, Inc. (RSI) reported revenue of $1.1 billion (up 22.8% from FY2024) and net income of $33.3 million. Diluted EPS was $0.31. The figures come from the XBRL data in the 10-K.
What are the main risks in RSI's latest 10-K?
In the 10-K filed February 18, 2026, Rush Street Interactive, Inc. (RSI) flagged: Regulatory risk: Uncertainty in voiding bets linked to clear sports betting errors; potential for substantial liabilities if regulators disallow this practice. Geopolitical/macroeconomic risk: Sports event disruptions from wildfires and protests causing game postponements, affecting betting volume and revenues. (AI summary of the Risk Factors section.)
What did RSI report in its latest 8-K?
Rush Street Interactive, Inc. (RSI) filed an 8-K on July 29, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Q2 2026 results released for quarter ended June 30, 2026.
What are the latest RSI SEC filings?
Rush Street Interactive, Inc. (RSI) filed its latest 10-K annual report on February 18, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on July 29, 2026 and a Form 4 insider filing on October 5, 2026.
What is RSI's SEC CIK number?
Rush Street Interactive, Inc. (RSI)'s SEC Central Index Key (CIK) is 1793659. EDGAR lists every RSI filing under that number.
Ask anything about RSI
The research agent reads RSI's filings, financials, insider trades and 13F holders, then answers with sources.