RSI Rush Street Interactive, Inc.

FY2025 10-K
Filed: Feb 18, 2026
Communication Services
Services-Miscellaneous Amusement & RecreationSEC EDGAR

Rush Street Interactive, Inc. (RSI) filed its fiscal year 2025 10-K annual report with the SEC on Feb 18, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

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
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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
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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
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Financial Summary
XBRL

Revenue

$1.1B

Net Income

$33M

Operating Margin

7.7%

Net Margin

2.9%

ROE

22.6%

Total Assets

$659M

EPS (Diluted)

$0.31

Operating Cash Flow

$165M

Source: XBRL data from Rush Street Interactive, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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