Rush Street Interactive, Inc. (RSI) FY2025 10-K Annual Report
Rush Street Interactive, Inc. (RSI) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 18, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Rush Street Interactive, Inc. FY2025 10-K Analysis
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
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
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
Rush Street Interactive, Inc. FY2025 Key Financial MetricsXBRL
Revenue
$1.1B
▲ +22.8% YoY
Net Income
$33M
▲ +1294.8% YoY
Operating Margin
7.7%
▲ +508bp YoY
Net Margin
2.9%
▲ +268bp YoY
ROE
22.6%
▲ +1959bp YoY
Total Assets
$659M
▲ +73.5% YoY
EPS (Diluted)
$0.31
▲ +933.3% YoY
Operating Cash Flow
$165M
▲ +55.0% YoY
Source: XBRL data from Rush Street Interactive, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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