Rush Street Interactive Inc. Class A Common Stock (RSI)

FairStock Score: 57/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Gambling is a cyclical business, and Rush Street Interactive operates online casinos and sportsbooks under BetRivers, PlaySugarHouse, and RushBet. I look first at the financial record. Revenue grew from $691.2M in fiscal 2023, the year ended 2023-12-31, to $924.1M in fiscal 2024 and $1.1B in fiscal 2025. After a fiscal 2023 net loss of $18.3M, it earned $2.4M in fiscal 2024 and $33.3M in fiscal 2025, which is why FairStock classifies it as a TURNAROUND — returned to profit after a loss within the last three years. That is real progress, but the margin is thin: in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $393.8M and net income was $11.5M; in fiscal Q2 2025, revenue was $269.2M and net income was $16.7M. So sales rose sharply while profit fell. The balance sheet looks sturdy, with a FairStock debt-to-equity calculation of 0.02 and an Altman Z-Score of 3.80. Cash generation is decent: trailing free cash flow was $145.4M, a 6.6% FCF yield. But at the 2026-10-13 close of $19.07, FairStock’s P/E is 61.52 and P/B is 11.92. Its Graham Number is $3.34, leaving negative margin of safety. EV/EBITDA of 10.44 is more reasonable. The company has brands, but the margin is thin and profit just fell despite higher sales. I see a growing but low-margin operator; the price already reflects much of the turnaround.

In plain English: Rush Street Interactive runs online casinos and sports betting under brands like BetRivers, PlaySugarHouse, and RushBet. The business is growing sales quickly and has become profitable, but profit margins are very thin and profit slipped in the latest quarter. At about $19.07 a share, the price looks high compared with current earnings, though it is less extreme compared with cash flow.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer