TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income 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

Metric20242023202220212020
Revenue i924.1M691.2M592.2M488.1M278.5M
Cost of Goods Sold i602.0M465.0M414.7M332.1M190.9M
Gross Profit i322.0M226.1M177.5M156.0M87.6M
Gross Margin % i34.9%32.7%30.0%32.0%31.5%
Operating Expenses
Research & Development i-----
Selling, General & Administrative i265.5M248.0M288.0M246.0M219.0M
Other Operating Expenses i-----
Total Operating Expenses i265.5M248.0M288.0M246.0M219.0M
Operating Income i24.3M-51.6M-124.8M-94.3M-133.4M
Operating Margin % i2.6%-7.5%-21.1%-19.3%-47.9%
Non-Operating Items
Interest Income i-----
Interest Expense i--573.0K187.0K135.0K
Other Non-Operating Income---28.1M4.8M
Pre-tax Income i31.8M-48.8M-125.4M-66.4M-128.7M
Income Tax i24.6M11.2M9.0M4.7M2.9M
Effective Tax Rate % i77.2%0.0%0.0%0.0%0.0%
Net Income i7.2M-60.1M-134.3M-71.1M-131.6M
Net Margin % i0.8%-8.7%-22.7%-14.6%-47.3%
Key Metrics
EBITDA i56.5M-21.9M-110.5M-118.1M-131.3M
EPS (Basic) i$0.03$-0.27$-0.61$-0.35$-0.01
EPS (Diluted) i$0.03$-0.27$-0.61$-0.51$-0.01
Basic Shares Outstanding i8178491668508093635329065626554143579704
Diluted Shares Outstanding i8178491668508093635329065626554143579704

Income Statement Trend

Rush Street Balance Sheet From 2020 to 2024

Metric20242023202220212020
Assets
Current Assets
Cash & Equivalents i229.2M168.3M179.7M281.0M255.6M
Short-term Investments i-----
Accounts Receivable i14.9M10.5M11.2M5.8M779.0K
Inventory i-----
Other Current Assets19.2M13.7M11.3M7.4M2.9M
Total Current Assets i285.0M228.6M264.5M341.8M294.5M
Non-Current Assets
Property, Plant & Equipment i12.9M12.2M10.4M8.2M1.1M
Goodwill i77.3M74.9M69.0M53.4M9.8M
Intangible Assets i77.3M74.9M69.0M53.4M9.8M
Long-term Investments-----
Other Non-Current Assets7.4M5.2M5.2M4.8M1.2M
Total Non-Current Assets i94.4M90.0M85.9M67.0M14.1M
Total Assets i379.5M318.6M350.3M408.7M308.6M
Liabilities
Current Liabilities
Accounts Payable i25.8M32.3M29.8M6.5M12.0M
Short-term Debt i2.0M621.0K722.0K509.0K226.0K
Current Portion of Long-term Debt-----
Other Current Liabilities45.8M51.7M47.0M27.2M361.5M
Total Current Liabilities i163.1M137.7M143.9M83.9M401.0M
Non-Current Liabilities
Long-term Debt i2.7M673.0K1.2M1.1M979.0K
Deferred Tax Liabilities i-----
Other Non-Current Liabilities4.8M1.7M244.0K315.0K-
Total Non-Current Liabilities i18.0M14.8M15.5M17.1M174.9M
Total Liabilities i181.2M152.5M159.5M101.0M575.9M
Equity
Common Stock i22.0K22.0K22.0K22.0K20.0K
Retained Earnings i-135.9M-138.3M-120.0M-81.4M-61.9M
Treasury Stock i-----
Other Equity-----
Total Shareholders Equity i198.3M166.1M190.9M307.7M-267.3M
Key Metrics
Total Debt i4.6M1.3M1.9M1.7M1.2M
Working Capital i121.9M90.9M120.5M257.8M-106.5M

Balance Sheet Composition

Rush Street Cash Flow Statement From 2020 to 2024

Metric20242023202220212020
Operating Activities
Net Income i7.2M-60.1M-134.3M-71.1M-131.6M
Depreciation & Amortization i32.2M29.8M14.3M4.2M2.1M
Stock-Based Compensation i35.3M30.0M18.7M24.9M144.7M
Working Capital Changes i38.7M1.3M26.8M3.9M-10.4M
Operating Cash Flow i114.2M1.5M-73.9M-23.9M7.3M
Investing Activities
Capital Expenditures i-925.0K-1.3M-4.2M-3.8M-1.9M
Acquisitions i----1.5M0
Investment Purchases i-1.9M-3.5M-689.0K-2.2M0
Investment Sales i01.7M---
Investing Cash Flow i-4.9M-3.9M-4.8M-7.6M-1.9M
Financing Activities
Share Repurchases i-00-3.5M0
Dividends Paid i--00-5.2M
Debt Issuance i--00650.0K
Debt Repayment i-1.6M-518.0K-1.2M-2.1M-650.0K
Financing Cash Flow i-2.7M-518.0K-1.2M125.6M241.1M
Free Cash Flow i77.0M-37.1M-88.6M-82.9M9.9M
Net Change in Cash i106.6M-2.9M-80.0M94.1M246.5M

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

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
rsi4.4B91.7622.1723.13%2.48%0.02
Flutter 51.7B142.725.083.43%2.46%85.21
DraftKings 22.3B-42.8822.08-26.38%-5.63%189.17
Light & Wonder 7.4B22.3310.5546.91%10.92%698.72
Churchill Downs 7.2B17.726.9141.05%15.22%478.73
Super Group (SGHC 5.7B43.528.8421.38%7.03%11.53

Financial data is updated regularly. All figures are in the company's reporting currency.