Rush Street Interactive, Inc. (RSI) Financial Statements (2024 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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q2
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments127,784147,289 195,313201,682232,248
Cash and cash equivalents127,784147,289 195,313201,682232,248
Receivables8,80436,867 27,20632,61738,021
Other undisclosed current assets65,76643,749 40,93737,75838,685
Total current assets:202,354227,905 263,456272,057308,954
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization3,8192,642    
Operating lease, right-of-use asset1,3741,464 2,0021,4161,400
Property, plant and equipment5,8726,393 8,7828,2998,186
Intangible assets, net (including goodwill)75,29575,775 65,36460,22353,522
Intangible assets, net (excluding goodwill)75,29575,775 65,36460,22353,522
Other noncurrent assets6,3295,111 5,1734,6004,630
Total noncurrent assets:92,68991,385 81,32174,53867,738
TOTAL ASSETS:295,043319,290 344,777346,595376,692
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities68,83678,924 79,07957,76159,154
Employee-related liabilities8,016
Accounts payable17,94317,759 8,8513,5391,257
Accrued liabilities50,89361,165 62,21254,22257,897
Other liabilities4,1066,680 3,3091,9884,534
Other undisclosed current liabilities40,09744,349 29,04133,61135,606
Total current liabilities:113,039129,953 111,42993,36099,294
Noncurrent Liabilities
Long-term debt and lease obligation:    1,362899970
Liabilities, other than long-term debt1,9421,259 240266289
Other liabilities1,208418 240266289
Operating lease, liability734841 1,362899970
Other undisclosed noncurrent liabilities13,25913,685 14,49414,87715,257
Total noncurrent liabilities:15,20114,944 16,09616,04216,516
Total liabilities:128,240144,897 127,525109,402115,810
Equity
Equity, attributable to parent, including:50,51152,734 62,92268,71975,760
Additional paid in capital184,003181,578 174,937173,723171,873
Accumulated other comprehensive loss(1,103)(1,594) (1,014)(616)(57)
Accumulated deficit(132,411)(127,272) (111,023)(104,410)(96,078)
Other undisclosed equity, attributable to parent2222 222222
Equity, attributable to noncontrolling interest116,292121,659 154,330168,474185,122
Total equity:166,803174,393 217,252237,193260,882
TOTAL LIABILITIES AND EQUITY:295,043319,290 344,777346,595376,692

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q2
6/30/2022
Q2
3/31/2022
Q1
Revenues165,062162,361 148,004143,736134,938
Cost of revenue(109,853)(107,154) (103,321)(104,882)(99,858)
Gross profit:55,20955,207 44,68338,85435,080
Operating expenses(61,523)(71,532) (61,243)(61,352)(82,389)
Other undisclosed operating loss(7,988)(5,755) (4,039)(3,290)(2,737)
Operating loss:(14,302)(22,080) (20,599)(25,788)(50,046)
Nonoperating expense    (219)(223)(222)
Interest and debt expense    (219)(223)(222)
Loss from continuing operations before equity method investments, income taxes:(14,302)(22,080) (21,037)(26,234)(50,490)
Other undisclosed income from continuing operations before income taxes288380 219223222
Loss from continuing operations before income taxes:(14,014)(21,700) (20,818)(26,011)(50,268)
Income tax expense(2,720)(2,800) (1,839)(2,335)(2,002)
Loss from continuing operations:(16,734)(24,500) (22,657)(28,346)(52,270)
Loss before gain (loss) on sale of properties:(22,657)(28,346)(52,270)
Net loss:(16,734)(24,500) (22,657)(28,346)(52,270)
Net income attributable to noncontrolling interest11,59517,240 16,04420,01437,573
Net loss available to common stockholders, diluted:(5,139)(7,260) (6,613)(8,332)(14,697)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q2
6/30/2022
Q2
3/31/2022
Q1
Net loss:(16,734)(24,500) (22,657)(28,346)(52,270)
Other undisclosed comprehensive income (loss)1,626344 (1,368)(1,923)1,514
Comprehensive loss:(15,108)(24,156) (24,025)(30,269)(50,756)
Comprehensive income, net of tax, attributable to noncontrolling interest10,46316,997 17,01421,37836,485
Comprehensive loss, net of tax, attributable to parent:(4,645)(7,159) (7,011)(8,891)(14,271)

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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