(RSI) Rush Street Interactive - Overview
Sector: Consumer Cyclical | Industry: Gambling | Exchange: NYSE (USA) | Market Cap: 6.371m USD | Total Return: 121.2% in 12m
Industry Rotation: +1.8
Avg Turnover: 48.0M
EPS Trend: 96.9%
Qual. Beats: 0
Rev. Trend: 98.7%
Qual. Beats: 4
Warnings
P/E ratio 80.9
Beneish M-Score -1.18 > -1.5 - likely earnings manipulation
Tailwinds
Shakeout, Supp Ema20, Leader, Tailwind, Pullback 52w, Confidence
Rush Street Interactive (RSI) is an online gaming and sports betting operator serving markets in the United States, Canada, and Latin America. The company manages a multi-brand portfolio, including BetRivers, PlaySugarHouse, and RushBet, offering real-money online casinos (iGaming), digital sportsbooks, and social gaming platforms.
The business model leverages a proprietary technology stack to integrate digital wagering with retail sports betting services. In the Casinos & Gaming sub-industry, iGaming typically generates higher margins and lower customer churn compared to pure-play sports betting due to the continuous nature of casino gaming cycles.
The company’s expansion strategy focuses on securing early market access in jurisdictions as they legalize online gambling. For a deeper look into the companys valuation metrics, consider reviewing the data on ValueRay. RSI remains headquartered in Chicago and continues to compete in the rapidly consolidating North American digital gaming sector.
- Growth in Latin American markets diversifies revenue beyond North American jurisdictions
- Expansion of high-margin online casino gaming increases overall corporate profitability
- Marketing spend efficiency and lower customer acquisition costs drive EBITDA growth
- State-level legalization of iGaming and sports betting expands total addressable market
- Competitive pressure from larger operators impacts market share and promotional expenses
| Net Income: 37.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.22 > 0.02 and ΔFCF/TA 2.39 > 1.0 |
| NWC/Revenue: 16.35% < 20% (prev 11.82%; Δ 4.53% < -1%) |
| CFO/TA 0.23 > 3% & CFO 156.4m > Net Income 37.1m |
| Net Debt (-312.1m) to EBITDA (159.0m): -1.96 < 3 |
| Current Ratio: 1.96 > 1.5 & < 3 |
| Outstanding Shares: last quarter (106.9m) vs 12m ago 10.29% < -2% |
| Gross Margin: 34.89% > 18% (prev 0.35%; Δ 3.45k% > 0.5%) |
| Asset Turnover: 233.5% > 50% (prev 250.4%; Δ -16.93% > 0%) |
| Interest Coverage Ratio: 107.1 > 6 (EBITDA TTM 159.0m / Interest Expense TTM 1.10m) |
| A: 0.30 (Total Current Assets 415.2m - Total Current Liabilities 212.0m) / Total Assets 677.3m |
| B: -0.14 (Retained Earnings -93.6m / Total Assets 677.3m) |
| C: 0.22 (EBIT TTM 117.8m / Avg Total Assets 532.2m) |
| D: -0.25 (Book Value of Equity -91.2m / Total Liabilities 358.7m) |
| Altman-Z'' Score: 2.74 = A |
| DSRI: 2.75 (Receivables 132.1m/37.5m, Revenue 1.24b/969.1m) |
| GMI: 1.01 (GM 34.89% / 35.15%) |
| AQI: 1.65 (AQ_t 0.37 / AQ_t-1 0.23) |
| SGI: 1.28 (Revenue 1.24b / 969.1m) |
| TATA: -0.18 (NI 37.1m - CFO 156.4m) / TA 677.3m) |
| Beneish M-Score: -1.18 (Cap -4..+1) = D |
Over the past week, the price has changed by -1.64%, over one month by +20.46%, over three months by +52.20% and over the past year by +121.18%.
- StrongBuy: 6
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 29.6 | 7.1% |
P/E Forward = 44.6429
P/S = 5.1277
P/B = 17.9476
Revenue TTM = 1.24b USD
EBIT TTM = 117.8m USD
EBITDA TTM = 159.0m USD
Long Term Debt = 1.95m USD (from longTermDebtTotal, last fiscal year)
Short Term Debt = 4.26m USD (from shortTermDebt, last fiscal year)
Debt = 18.5m USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -312.1m USD (recalculated: Debt 18.5m - CCE 330.6m)
Enterprise Value = 6.06b USD (6.37b + Debt 18.5m - CCE 330.6m)
Interest Coverage Ratio = 107.1 (Ebit TTM 117.8m / Interest Expense TTM 1.10m)
EV/FCF = 41.32x (Enterprise Value 6.06b / FCF TTM 146.6m)
FCF Yield = 2.42% (FCF TTM 146.6m / Enterprise Value 6.06b)
FCF Margin = 11.80% (FCF TTM 146.6m / Revenue TTM 1.24b)
Net Margin = 2.98% (Net Income TTM 37.1m / Revenue TTM 1.24b)
Gross Margin = 34.89% ((Revenue TTM 1.24b - Cost of Revenue TTM 809.0m) / Revenue TTM)
Gross Margin QoQ = 35.69% (prev 34.39%)
Tobins Q-Ratio = 8.95 (Enterprise Value 6.06b / Total Assets 677.3m)
Interest Expense / Debt = 4.33% (Interest Expense 800k / Debt 18.5m)
Taxrate = 42.74% (19.6m / 45.8m)
NOPAT = 67.5m (EBIT 117.8m * (1 - 42.74%))
Current Ratio = 1.96 (Total Current Assets 415.2m / Total Current Liabilities 212.0m)
Debt / Equity = 0.12 (Debt 18.5m / totalStockholderEquity, last quarter 159.1m)
Debt / EBITDA = -1.96 (Net Debt -312.1m / EBITDA 159.0m)
Debt / FCF = -2.13 (Net Debt -312.1m / FCF TTM 146.6m)
Total Stockholder Equity = 140.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.96% (Net Income 37.1m / Total Assets 677.3m)
RoE = 26.36% (Net Income TTM 37.1m / Total Stockholder Equity 140.6m)
RoCE = 82.66% (EBIT 117.8m / Capital Employed (Equity 140.6m + L.T.Debt 1.95m))
RoIC = 47.99% (NOPAT 67.5m / Invested Capital 140.6m)
WACC = 7.76% (E(6.37b)/V(6.39b) * Re(7.78%) + D(18.5m)/V(6.39b) * Rd(4.33%) * (1-Tc(0.43)))
Discount Rate = 7.78% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares (quarterly) Correlation: 76.41 | Cagr: 19.47%
[DCF] Terminal Value 71.79% ; FCFF base≈117.8m ; Y1≈77.3m ; Y5≈35.4m
[DCF] Fair Price = 10.15 (EV 732.8m - Net Debt -312.1m = Equity 1.04b / Shares 103.0m; r=7.76% [WACC]; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 96.93 | EPS CAGR: 152.5% | SUE: 0.69 | # QB: 0
Revenue Correlation: 98.69 | Revenue CAGR: 28.71% | SUE: 4.0 | # QB: 4
EPS current Quarter (2026-06-30): EPS=0.15 | Chg30d=+6.23% | Revisions=+0% | Analysts=8
EPS next Quarter (2026-09-30): EPS=0.14 | Chg30d=+3.77% | Revisions=+0% | Analysts=8
EPS current Year (2026-12-31): EPS=0.60 | Chg30d=+7.09% | Revisions=+9% | GrowthEPS=+62.0% | GrowthRev=+34.2%
EPS next Year (2027-12-31): EPS=0.84 | Chg30d=+12.57% | Revisions=+27% | GrowthEPS=+40.1% | GrowthRev=+15.2%
[Analyst] Revisions Ratio: +27%