Pulling SEC filings + quote and writing the call…

Rush Street Interactive, Inc.
Next earnings Jul 28, 2026 (after close) · consensus $0.15 EPS, $366M rev
Last earnings -1.2% on 2026-04-28
Online casino and sportsbook operator hitting a clear profitability inflection — fast revenue growth, real operating cash flow, but a rich multiple.
Sources: SEC EDGAR (CIK 0001793659, latest 10-Q filed 2026-04-29) · EODHD · analysis by claude-code · as of 6/21/2026, 8:54:18 PM.
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The fundamentals carry the rating, but the price is rich (~61% above our fair-value estimate) — a quality-at-a-price call. The case rests on the business, not the entry; patient buyers may wait for a pullback.
Rush Street Interactive (BetRivers) is an online casino and sports-betting operator competing in the structurally growing US iGaming/OSB market plus international (notably Latin America). FY2025 marks a genuine inflection from cash-burning growth to profitable scale: revenue grew 22.8% to $1.13B (extending the climb from $488M in FY2021), operating income jumped 249.0% to $87.4M, and operating cash flow rose 55.0% to $165M. The model is now self-funding — capex is negligible (under $1M) and the company holds $336M of cash with a light, mostly operational liability structure. ROE reached 22.6%.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $488M | $592M | $691M | $924M | $1.13B |
| Gross profit | — | — | — | — | — |
| Operating income | -$94.3M | -$125M | -$51.6M | $25.0M | $87.4M |
| Net income | -$19.5M | -$38.6M | -$18.3M | $2.39M | $33.3M |
| Diluted EPS | -$0.51 | -$0.61 | -$0.27 | $0.03 | $0.31 |
| Net margin | -4.0% | -6.5% | -2.6% | 0.3% | 2.9% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1482 tracked peers · median
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Last 90 days: 0 open-market buys · 14 sales
| 2026-06-03 | Markell Jack A. Director | Tax | 3.41K @ $25.42 | $86.6K |
| 2026-06-03 | Winter Thomas Director | Tax | 3.30K @ $25.42 | $83.8K |
| 2026-06-03 | Sauers Kyle Chief Financial Officer | Sell | 23.0K @ $25.44 | $585K |
| 2026-06-01 | SCHWARTZ RICHARD TODD Chief Executive Officer | Acquired (C) | 47.2K | |
| 2026-06-01 | SCHWARTZ RICHARD TODD Chief Executive Officer | Disposed (D) | 47.2K | |
| 2026-06-01 | SCHWARTZ RICHARD TODD Chief Executive Officer | Acquired (C) | 55.6K | |
| 2026-06-01 | SCHWARTZ RICHARD TODD Chief Executive Officer | Disposed (D) | 55.6K | |
| 2026-06-01 | SCHWARTZ RICHARD TODD Chief Executive Officer | Acquired (C) | 55.6K | |
| 2026-06-01 | SCHWARTZ RICHARD TODD Chief Executive Officer | Disposed (D) | 55.6K | |
| 2026-06-01 | SCHWARTZ RICHARD TODD Chief Executive Officer | Sell | 47.2K @ $25.58 | $1.21M |
| 2026-06-01 | SCHWARTZ RICHARD TODD Chief Executive Officer | Sell | 55.6K @ $25.58 | $1.42M |
| 2026-06-01 | SCHWARTZ RICHARD TODD Chief Executive Officer | Sell | 55.6K @ $25.58 | $1.42M |