Rush Street Interactive, Inc. (RSI) Financial Statements (2025 and earlier)

Company Profile

Business Address 900 N. MICHIGAN AVENUE, SUITE 950
CHICAGO, IL 60611
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 799 - Miscellaneous Amusement And Recreation (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments171,430179,723281,030255,622
Cash and cash equivalent168,330179,723281,030255,622
Short-term investments3,100   
Receivables10,51647,07833,98829,543
Prepaid expense7,500   
Other undisclosed current assets39,16937,67026,7329,314
Total current assets:228,615264,471341,750294,479
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization4,0172,8662,319 
Operating lease, right-of-use asset1,2761,8521,5621,100
Property, plant and equipment4,5946,8984,9132,016
Intangible assets, net (including goodwill)74,87469,02553,3809,750
Intangible assets, net (excluding goodwill)74,87469,02553,3809,750
Other noncurrent assets5,2045,2344,8071,215
Total noncurrent assets:89,96585,87566,98114,081
TOTAL ASSETS:318,580350,346408,731308,560
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities83,65994,70654,78828,891
Taxes payable 1,983
Employee-related liabilities 2,821
Accounts payable32,34729,8036,50111,994
Accrued liabilities51,31264,90348,28712,093
Debt    
Other liabilities9,5664,4793,0622,092
Due to related parties  3,751
Other undisclosed current liabilities44,46844,76026,084366,254
Total current liabilities:137,693143,94583,934400,988
Noncurrent Liabilities
Long-term debt and lease obligation:   1,148979
Liabilities, other than long-term debt2,3631,421315 
Other liabilities1,690244315 
Operating lease, liability 6731,1771,148979
Other undisclosed noncurrent liabilities 12,39514,10615,633172,943
Total noncurrent liabilities:14,75815,52717,096174,901
Total liabilities:152,451159,472101,030575,889
Equity
Equity, attributable to parent, including:53,76856,04585,436(61,779)
Additional paid in capital192,163177,683167,270(18,402)
Accumulated other comprehensive income (loss)(100)(1,648)(475)93
Accumulated deficit(138,317)(120,012)(81,381)(43,490)
Other undisclosed equity, attributable to parent22222220
Equity, attributable to noncontrolling interest112,361134,829222,265(205,550)
Total equity:166,129190,874307,701(267,329)
TOTAL LIABILITIES AND EQUITY:318,580350,346408,731308,560

Income Statement (P&L) ($ in thousands)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues691,161592,212488,105278,500
Cost of revenue(465,014)(414,664)(332,145) 
Gross profit:226,147177,548155,960278,500
Operating expenses(247,999)(288,021)(245,994)(411,919)
Other undisclosed operating loss(29,759)(14,325)(4,245) 
Operating income (loss):(51,611)(124,798)(94,279)(133,419)
Nonoperating income (expense) 2,765(573)27,8754,693
Interest and debt expense(85)(573)(187)(135)
Income (loss) from continuing operations before equity method investments, income taxes:(48,931)(125,944)(66,591)(128,861)
Other undisclosed income from continuing operations before income taxes85573187135
Income (loss) from continuing operations before income taxes:(48,846)(125,371)(66,404)(128,726)
Income tax expense(11,209)(8,961)(4,688)(2,919)
Income (loss) from continuing operations:(60,055)(134,332)(71,092)(131,645)
Loss before gain (loss) on sale of properties:(71,092)(131,645)
Net income (loss):(60,055)(134,332)(71,092)(131,645)
Net income (loss) attributable to noncontrolling interest41,75095,70151,603132,726
Net income (loss) available to common stockholders, basic:(18,305)(38,631)(19,489)1,081
Other undisclosed net loss available to common stockholders, diluted   (9,569)(1,656)
Net income (loss) available to common stockholders, diluted:(18,305)(38,631)(29,058)(575)

Comprehensive Income ($ in thousands)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):(60,055)(134,332)(71,092)(131,645)
Other undisclosed comprehensive income (loss)5,290(3,886)(2,111)524
Comprehensive loss:(54,765)(138,218)(73,203)(131,121)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest38,11198,44153,168132,202
Comprehensive income (loss), net of tax, attributable to parent:(16,654)(39,777)(20,035)1,081

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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