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Operates online casino and sports betting platforms (BetRivers, RushBet) across the US and Latin America.
Operates online casino and sports betting platforms (BetRivers, RushBet) across the US and Latin America.
Keeps the stakes players lose after paying winnings, then pays state gaming taxes and marketing costs, so each newly legal state matters. Online casino games keep a more predictable share of each bet than sports betting does. It was built by the owners of Rivers casinos, Neil Bluhm and Greg Carlin, who remain major holders.
Moat: narrow (brand, regulatory licence, distribution). State-by-state gaming licenses and an established sportsbook/casino brand are barriers to new entrants.
Headquarters: Chicago, Illinois, US · Founded: 2012 · Employees: 912
Size Rush Street Interactive (RSI) is a United States Consumer Discretionary company (Casinos/Gaming) with a market value of $2.83B, the 1586th largest of 3,117 United States companies the cockpit tracks. Shares closed at $12.28 on 6 Nov 2026.
Performance Over six months the shares fell 55.7%, against -10.6% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 19 in its peer set.
Growth Revenue grew 38.7% over the last twelve months (peer median +2.8%); the operating margin is 10.9% (peer median 16.8%).
Valuation It trades at 16.9× forward earnings against a peer median of 11.4× (3rd most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 14% a year for seven years (Req g). Recent delivered growth is +32%, so the hurdle is -19 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 66.2 points above its cost of capital (13.8% WACC).
Short interest Short interest is 8.5% of the free float (15 Oct 2026).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.47B | $1.13B | $924M | $691M | $592M |
| Revenue growth | — | +23% | +34% | +17% | — |
| Gross profit | $480M | $353M | $290M | $196M | $163M |
| EBITDA | $206M | $128M | $61.1M | -$21.9M | -$110M |
| Net income | $37.7M | $33.3M | $2.39M | -$18.3M | -$38.6M |
| Free cash flow | $211M | $164M | $106M | -$7.22M | -$64.5M |
| Capital expenditure | $43.4M | $36.0M | $31.5M | $31.2M | $26.4M |
| Total debt | $15.7M | $16.7M | $17.0M | $1.29M | $1.90M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Rush Street Interactive RSI | $2.83B | -56% | +39% | 11% | 16.9× | 13.5% |
| DraftKings DKNG | $9.19B | -27% | +15% | -3% | 55.1× | 9.7% |
| Flutter Entertainment FLUT | $14.2B | -19% | +12% | 2% | 14.3× | 26.3% |
| Caesars Entertainment CZR | $5.96B | +4% | +3% | 17% | n/a | 5.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | RSI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -39.6% | +4.8% | lowest of 19 |
| 6-month return | -55.7% | -10.6% | lowest of 19 |
| Distance from 52-week high | -64.4% | -28.0% | lowest of 19 |
| Revenue growth (TTM) | +38.7% | +2.8% | 2nd highest of 19 |
| Operating margin | 10.9% | 16.8% | 6th lowest of 19 |
| Forward P/E | 16.9× | 11.4× | 3rd most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 13.5% | -1.4% | 3rd most demanding of 14 |
| Growth delivered (Del g) | +32.4% | +16.6% | 3rd highest of 14 |
| Hurdle (Req g minus delivered) | -18.9 pp | -20.1 pp | 7th most demanding of 14 |
| ROIC minus cost of capital | +66.2 pp | +5.3 pp | 2nd highest of 19 |
| EV / EBITDA | 12.8× | 7.8× | 3rd most expensive of 17 |
| Net debt / EBITDA | -1.8× | 3.1× | 2nd least indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Rush Street Interactive RSI | United States | $2.83B | -56% | +39% | 11% | 16.9× | 13.5% | +32.4% |
| Wynn Macau 1128.HK | Hong Kong | $2.99B | -24% | +9% | 29% | 8.7× | -2.4% | +31.1% |
| PENN Entertainment PENN | United States | $2.34B | +4% | +6% | 6% | 12.3× | 15.2% | +14.2% |
| Kangwonland 035250.KS | South Korea | $2.13B | -16% | +2% | 15% | 11.0× | n/a | n/a |
| Entain ENT.L | United Kingdom | $4.05B | -11% | 0% | 11% | 8.9× | 3.2% | +8.1% |
| Brightstar Lottery BRSL | United States | $1.82B | -24% | +1% | 25% | 15.2× | n/a | n/a |
| FDJ United FDJU.PA | France | $4.49B | -5% | +3% | 15% | 10.6× | -2.8% | +13.9% |
| MGM China 2282.HK | Hong Kong | $4.85B | -12% | +11% | 31% | 9.3× | -3.1% | +48.5% |
| Boyd Gaming BYD | United States | $5.41B | -11% | 0% | 19% | 10.1× | n/a | n/a |
| Super Group (SGHC) SGHC | United States | $5.77B | -13% | +14% | 23% | 11.7× | -0.2% | +16.6% |
| Caesars Entertainment CZR | United States | $5.96B | +4% | +3% | 17% | n/a | 5.8% | +25.9% |
| Betsson BETS-B.ST | Sweden | $1.34B | +10% | 0% | 14% | 10.4× | -18.0% | +15.7% |
| Light & Wonder, Inc. Shs Chess Depository Interests Repr 1 Sh LNW.AX | Australia | $6.22B | +1% | 0% | 27% | 9.4× | -8.5% | +15.8% |
| Lottomatica LTMC.MI | Italy | $7.17B | +4% | +4% | 21% | 15.4× | -1.4% | +42.7% |
| MGM Resorts MGM | United States | $8.18B | -17% | +3% | 6% | 24.0× | 16.0% | +27.7% |
| Wynn Resorts WYNN | United States | $8.56B | -19% | +6% | 16% | 20.8× | 1.7% | +27.8% |
| Tokyotokeiba 9672.T | Japan | $868M | -11% | +3% | 37% | 11.7× | -10.8% | +7.7% |
| GENDA 9166.T | Japan | $754M | +20% | +47% | 3% | 16.4× | n/a | n/a |
| Star Entertainment SGR.AX | Australia | $724M | +48% | -9% | -30% | n/a | n/a | n/a |