Rush Street Interactive, Inc. (RSI) AI Stock Analysis
RSI AI stock analysis summary
AI ResearchRush Street Interactive, Inc. (RSI) is an online casino and sports betting company operating across the United States and Latin America. The business turned profitable in FY2024, generating $33.3M in net income on $1.13B in revenue during FY2025. It carries a strong balance sheet with $333.5M in net cash as of June 30, 2026.
- Market cap
- $4.52B
- Revenue (TTM)
- $1.37B
- P/E
- 61.7x fwd 26.7x
- 1Y return
- -8.7% S&P 500 16.8%
- Avg. target
- $34.83 88.1% vs last close
Bull case
- Revenue expanded at a 32.4% five-year CAGR through FY2025 and rose 46.3% year-over-year in the quarter ended June 30, 2026.
- Cash generation increased substantially, producing $131.6M in free cash flow in FY2025.
- The balance sheet is well capitalized with $333.5M in net cash and a debt-to-equity ratio of 0.08 as of June 30, 2026.
Bear case
- Trailing valuation is elevated with a P/E of 61.7x compared to the US-listed Consumer Cyclical peer median of 18.0x.
- Quarterly earnings fell 18.7% year-over-year for the period ended June 30, 2026.
- The company has experienced significant dilution, with share count increasing 94.6% over a five-year period.
What Rush Street Interactive does
Rush Street Interactive, Inc. is an online casino and sports betting company operating in the United States and Latin America. Founded in 2012 and based in Chicago, Illinois, the company provides real-money online casino games, online and retail sports betting services, and social gaming experiences. Offerings include table games and slot machines marketed under brands such as BetRivers.com, PlaySugarHouse.com, and RushBet.co. Rush Street Interactive drives customer engagement via promotional offers, loyalty programs, and partnerships with professional sports leagues, while investing in technology and regulatory compliance across the Americas.
Growth and profitability
Revenue expanded at a five-year CAGR of 32.4% from FY2020 through FY2025. Annual sales grew from $488.1M in FY2021 to $1.13B in FY2025, with revenue growth reaching 22.8% in FY2025. Gross margin expanded from 32.0% in FY2021 to 34.6% in FY2025. After net losses of -$29.1M in FY2021, -$38.6M in FY2022, and -$18.3M in FY2023, net income turned positive at $2.4M in FY2024 and reached $33.3M in FY2025, alongside an operating margin of 7.7%. For the trailing twelve months ended June 30, 2026, revenue stood at $1.37B with quarterly revenue rising 46.3% year-over-year, although quarterly earnings growth dropped 18.7%.
Balance sheet and cash flow
As of June 30, 2026, Rush Street Interactive reported $348.2M in cash and short-term investments against $14.8M in total debt, creating a net cash position of $333.5M. The current ratio stood at 2.12 and the debt-to-equity ratio was 0.08. Operating cash flow improved to $165.0M in FY2025, while free cash flow reached $131.6M. Capital allocation in FY2025 included $33.4M in capital expenditures and $7.6M deployed toward share buybacks.
Valuation and performance
At $18.52 per share, Rush Street Interactive holds an enterprise value of $2.04B and a market cap of $4.52B. The stock trades at a trailing P/E of 61.7x and a forward P/E of 26.7x, both above the US-listed Consumer Cyclical peer group medians of 18.0x and 14.1x. Its price-to-sales multiple is 3.3x versus the peer median of 0.7x, while its EV/EBITDA of 11.4x is near the peer median of 11.1x. Over the past year, the stock fell 8.7%, trailing the S&P 500 return of 16.8%.
What analysts expect
Wall Street coverage includes 9 Strong Buy, 2 Buy, and 1 Hold ratings, with no Sell or Strong Sell recommendations. The mean price target of $34.83 sits 88.1% above the last close of $18.52. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $1.58B and EPS of $0.62. Over the last four quarters, the company beat EPS estimates twice. The next scheduled earnings report date is October 28, 2026.
Key risks and what to watch
- Quarterly net earnings decreased 18.7% year-over-year in the latest quarter despite rapid top-line growth.
- Trailing profit margin remains thin at 2.3%, leaving profitability sensitive to operating cost shifts.
- Stock volatility is elevated, as reflected by a beta of 1.71 and a 22.8% discount to its 200-day moving average.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this RSI AI stock analysis
This page is an AI-written research summary of Rush Street Interactive, Inc. (RSI). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: RSI income statement, RSI balance sheet, RSI key metrics, RSI analyst forecast, RSI chart. See the RSI stock overview for the latest quote and news.
RSI AI stock analysis FAQ
Does Rush Street Interactive pay a dividend?
Rush Street Interactive does not pay a dividend. Capital is prioritized for corporate operations, capital expenditures ($33.4M in FY2025), and occasional share repurchases ($7.6M in FY2025).
What is Rush Street Interactive's cash and debt position?
As of June 30, 2026, the company held $348.2M in cash and short-term investments and $14.8M in total debt. This results in a net cash balance of $333.5M and a current ratio of 2.12.
What are Wall Street analysts projecting for RSI?
Analysts hold a mean price target of $34.83, which is 88.1% above the October 16, 2026 close of $18.52. For FY2026, consensus estimates anticipate revenue of $1.58B and EPS of $0.62.
When is Rush Street Interactive's next earnings release?
The company's next earnings date is scheduled for October 28, 2026.