
Rush Street (RSI) | Financial Analysis & Statements
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Mar 2025Income Metrics
Revenue
262.4M
Gross Profit
91.5M
34.88%
Operating Income
14.6M
5.56%
Net Income
11.2M
4.27%
EPS (Diluted)
$0.05
Balance Sheet Metrics
Total Assets
387.0M
Total Liabilities
191.7M
Shareholders Equity
195.4M
Debt to Equity
0.98
Cash Flow Metrics
Operating Cash Flow
28.7M
Free Cash Flow
21.2M
Revenue & Profitability Trend
Rush Street Income Statement From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Revenue | 924.1M | 691.2M | 592.2M | 488.1M | 278.5M |
Cost of Goods Sold | 602.0M | 465.0M | 414.7M | 332.1M | 190.9M |
Gross Profit | 322.0M | 226.1M | 177.5M | 156.0M | 87.6M |
Gross Margin % | 34.9% | 32.7% | 30.0% | 32.0% | 31.5% |
Operating Expenses | |||||
Research & Development | - | - | - | - | - |
Selling, General & Administrative | 265.5M | 248.0M | 288.0M | 246.0M | 219.0M |
Other Operating Expenses | - | - | - | - | - |
Total Operating Expenses | 265.5M | 248.0M | 288.0M | 246.0M | 219.0M |
Operating Income | 24.3M | -51.6M | -124.8M | -94.3M | -133.4M |
Operating Margin % | 2.6% | -7.5% | -21.1% | -19.3% | -47.9% |
Non-Operating Items | |||||
Interest Income | - | - | - | - | - |
Interest Expense | - | - | 573.0K | 187.0K | 135.0K |
Other Non-Operating Income | - | - | - | 28.1M | 4.8M |
Pre-tax Income | 31.8M | -48.8M | -125.4M | -66.4M | -128.7M |
Income Tax | 24.6M | 11.2M | 9.0M | 4.7M | 2.9M |
Effective Tax Rate % | 77.2% | 0.0% | 0.0% | 0.0% | 0.0% |
Net Income | 7.2M | -60.1M | -134.3M | -71.1M | -131.6M |
Net Margin % | 0.8% | -8.7% | -22.7% | -14.6% | -47.3% |
Key Metrics | |||||
EBITDA | 56.5M | -21.9M | -110.5M | -118.1M | -131.3M |
EPS (Basic) | $0.03 | $-0.27 | $-0.61 | $-0.35 | $-0.01 |
EPS (Diluted) | $0.03 | $-0.27 | $-0.61 | $-0.51 | $-0.01 |
Basic Shares Outstanding | 81784916 | 68508093 | 63532906 | 56265541 | 43579704 |
Diluted Shares Outstanding | 81784916 | 68508093 | 63532906 | 56265541 | 43579704 |
Income Statement Trend
Rush Street Balance Sheet From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Assets | |||||
Current Assets | |||||
Cash & Equivalents | 229.2M | 168.3M | 179.7M | 281.0M | 255.6M |
Short-term Investments | - | - | - | - | - |
Accounts Receivable | 14.9M | 10.5M | 11.2M | 5.8M | 779.0K |
Inventory | - | - | - | - | - |
Other Current Assets | 19.2M | 13.7M | 11.3M | 7.4M | 2.9M |
Total Current Assets | 285.0M | 228.6M | 264.5M | 341.8M | 294.5M |
Non-Current Assets | |||||
Property, Plant & Equipment | 12.9M | 12.2M | 10.4M | 8.2M | 1.1M |
Goodwill | 77.3M | 74.9M | 69.0M | 53.4M | 9.8M |
Intangible Assets | 77.3M | 74.9M | 69.0M | 53.4M | 9.8M |
Long-term Investments | - | - | - | - | - |
Other Non-Current Assets | 7.4M | 5.2M | 5.2M | 4.8M | 1.2M |
Total Non-Current Assets | 94.4M | 90.0M | 85.9M | 67.0M | 14.1M |
Total Assets | 379.5M | 318.6M | 350.3M | 408.7M | 308.6M |
Liabilities | |||||
Current Liabilities | |||||
Accounts Payable | 25.8M | 32.3M | 29.8M | 6.5M | 12.0M |
Short-term Debt | 2.0M | 621.0K | 722.0K | 509.0K | 226.0K |
Current Portion of Long-term Debt | - | - | - | - | - |
Other Current Liabilities | 45.8M | 51.7M | 47.0M | 27.2M | 361.5M |
Total Current Liabilities | 163.1M | 137.7M | 143.9M | 83.9M | 401.0M |
Non-Current Liabilities | |||||
Long-term Debt | 2.7M | 673.0K | 1.2M | 1.1M | 979.0K |
Deferred Tax Liabilities | - | - | - | - | - |
Other Non-Current Liabilities | 4.8M | 1.7M | 244.0K | 315.0K | - |
Total Non-Current Liabilities | 18.0M | 14.8M | 15.5M | 17.1M | 174.9M |
Total Liabilities | 181.2M | 152.5M | 159.5M | 101.0M | 575.9M |
Equity | |||||
Common Stock | 22.0K | 22.0K | 22.0K | 22.0K | 20.0K |
Retained Earnings | -135.9M | -138.3M | -120.0M | -81.4M | -61.9M |
Treasury Stock | - | - | - | - | - |
Other Equity | - | - | - | - | - |
Total Shareholders Equity | 198.3M | 166.1M | 190.9M | 307.7M | -267.3M |
Key Metrics | |||||
Total Debt | 4.6M | 1.3M | 1.9M | 1.7M | 1.2M |
Working Capital | 121.9M | 90.9M | 120.5M | 257.8M | -106.5M |
Balance Sheet Composition
Rush Street Cash Flow Statement From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Operating Activities | |||||
Net Income | 7.2M | -60.1M | -134.3M | -71.1M | -131.6M |
Depreciation & Amortization | 32.2M | 29.8M | 14.3M | 4.2M | 2.1M |
Stock-Based Compensation | 35.3M | 30.0M | 18.7M | 24.9M | 144.7M |
Working Capital Changes | 38.7M | 1.3M | 26.8M | 3.9M | -10.4M |
Operating Cash Flow | 114.2M | 1.5M | -73.9M | -23.9M | 7.3M |
Investing Activities | |||||
Capital Expenditures | -925.0K | -1.3M | -4.2M | -3.8M | -1.9M |
Acquisitions | - | - | - | -1.5M | 0 |
Investment Purchases | -1.9M | -3.5M | -689.0K | -2.2M | 0 |
Investment Sales | 0 | 1.7M | - | - | - |
Investing Cash Flow | -4.9M | -3.9M | -4.8M | -7.6M | -1.9M |
Financing Activities | |||||
Share Repurchases | - | 0 | 0 | -3.5M | 0 |
Dividends Paid | - | - | 0 | 0 | -5.2M |
Debt Issuance | - | - | 0 | 0 | 650.0K |
Debt Repayment | -1.6M | -518.0K | -1.2M | -2.1M | -650.0K |
Financing Cash Flow | -2.7M | -518.0K | -1.2M | 125.6M | 241.1M |
Free Cash Flow | 77.0M | -37.1M | -88.6M | -82.9M | 9.9M |
Net Change in Cash | 106.6M | -2.9M | -80.0M | 94.1M | 246.5M |
Cash Flow Trend
Rush Street Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
91.76
Forward P/E
53.53
Price to Book
22.17
Price to Sales
4.32
PEG Ratio
-0.01
Profitability Ratios
Profit Margin
2.48%
Operating Margin
-9.92%
Return on Equity
23.13%
Return on Assets
8.18%
Financial Health
Current Ratio
1.87
Debt to Equity
0.02
Beta
1.82
Per Share Data
EPS (TTM)
$0.21
Book Value per Share
$0.87
Revenue per Share
$11.31
Peer Financial Comparison
Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
---|---|---|---|---|---|---|
rsi | 4.4B | 91.76 | 22.17 | 23.13% | 2.48% | 0.02 |
Flutter | 51.7B | 142.72 | 5.08 | 3.43% | 2.46% | 85.21 |
DraftKings | 22.3B | -42.88 | 22.08 | -26.38% | -5.63% | 189.17 |
Light & Wonder | 7.4B | 22.33 | 10.55 | 46.91% | 10.92% | 698.72 |
Churchill Downs | 7.2B | 17.72 | 6.91 | 41.05% | 15.22% | 478.73 |
Super Group (SGHC | 5.7B | 43.52 | 8.84 | 21.38% | 7.03% | 11.53 |
Financial data is updated regularly. All figures are in the company's reporting currency.