Rush Street Interactive Inc - Understand $rsi stock

$RSI Market Cap: $2.575 Billion

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Financial Snapshot

Revenue

$863.8M

TTM

Gross Margin

33.68%

TTM

Net Earnings

-$1.364M

TTM

Current Assets

$266.8M

Q3 2024

Current Liabilities

$155.7M

Q3 2024

Current Ratio

171.33%

Q3 2024

Total Assets

$362.6M

Q3 2024

Total Liabilities

$173.8M

Q3 2024

Book Value

$188.8M

Q3 2024

Cash

$216.3M

Q3 2024

P/E

-1.888K

Nov 14, 2024 EST

Free Cash Flow

$69.16M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018
Revenue	$691.2M	$592.2M	$488.1M	$278.5M	$63.70M	$18.20M
YoY Change	16.71%	21.33%	75.26%	337.21%	250.0%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018
Revenue	$691.2M	$592.2M	$488.1M	$278.5M	$63.70M	$18.20M
Cost Of Revenue	$465.0M	$414.7M	$332.1M	$190.9M	$32.90M	$10.70M
Gross Profit	$226.1M	$177.5M	$156.0M	$87.63M	$30.80M	$7.500M
Gross Profit Margin	32.72%	29.98%	31.95%	31.46%	48.35%	41.21%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018
Selling, General & Admin	$248.0M	$288.0M	$246.0M	$219.0M	$52.00M	$17.30M
YoY Change	-13.9%	17.08%	12.33%	321.15%	200.58%
% of Gross Profit	109.66%	162.22%	157.73%	249.92%	168.83%	230.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$29.76M	$14.33M	$4.245M	$2.082M	$1.140M	$890.0K
YoY Change	107.74%	237.46%	103.89%	82.63%	28.09%
% of Gross Profit	13.16%	8.07%	2.72%	2.38%	3.7%	11.87%
Operating Expenses	$277.8M	$302.3M	$250.2M	$221.0M	$53.10M	$18.20M
YoY Change	-8.13%	20.82%	13.23%	316.2%	191.76%
Operating Profit	-$51.61M	-$124.8M	-$94.28M	-$133.4M	-$22.30M	-$10.70M
YoY Change	-58.64%	32.37%	-29.34%	498.29%	108.41%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018
Interest Expense	$2.765M	$573.0K	$187.0K	$135.0K	-$100.0K	$0.00
YoY Change	382.55%	206.42%	38.52%	-235.0%
% of Operating Profit
Other Income/Expense, Net	$2.765M	-$573.0K	$27.88M	$4.693M
YoY Change	-582.55%	-102.06%	493.97%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018
Pretax Income	-$48.85M	-$125.4M	-$66.40M	-$128.7M	-$22.50M	-$10.70M
YoY Change	-61.04%	88.8%	-48.41%	472.12%	110.28%
Income Tax	$11.21M	$8.961M	$4.688M	$2.919M
% Of Pretax Income
Net Earnings	-$18.31M	-$38.63M	-$19.49M	$1.081M	-$22.50M	-$10.70M
YoY Change	-52.62%	98.22%	-1902.87%	-104.8%	110.28%
Net Earnings / Revenue	-2.65%	-6.52%	-3.99%	0.39%	-35.32%	-58.79%
Basic Earnings Per Share	-$0.27	-$0.61	-$0.35	$0.02
Diluted Earnings Per Share	-$0.27	-$0.61	-$0.51	-$0.01	-$109.9K	-$52.25K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018
Cash & Short-Term Investments	$168.3M	$179.7M	$281.0M	$255.6M	$6.900M	$1.500M
YoY Change	-6.34%	-36.05%	9.95%	3604.35%	360.0%
Cash & Equivalents	$168.3M	$179.7M	$281.0M	$255.6M	$6.900M	$1.500M
Short-Term Investments
Other Short-Term Assets	$16.30M	$37.67M	$26.73M	$9.300M	$5.300M	$2.900M
YoY Change	-56.73%	40.92%	187.44%	75.47%	82.76%
Inventory
Prepaid Expenses
Receivables	$10.52M	$11.17M	$5.829M	$800.0K	$1.900M	$100.0K
Other Receivables	$33.47M	$35.90M	$28.16M	$28.70M	$3.100M	$600.0K
Total Short-Term Assets	$228.6M	$264.5M	$341.8M	$294.5M	$17.30M	$5.000M
YoY Change	-13.56%	-22.61%	16.04%	1602.31%	246.0%
Property, Plant & Equipment	$9.887M	$11.62M	$8.794M	$3.100M	$600.0K	$300.0K
YoY Change	-14.88%	32.09%	183.68%	416.67%	100.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$5.204M	$5.234M	$4.807M	$1.200M	$800.0K	$300.0K
YoY Change	-0.57%	8.88%	300.58%	50.0%	166.67%
Total Long-Term Assets	$89.97M	$85.88M	$66.98M	$14.10M	$8.200M	$3.200M
YoY Change	4.76%	28.21%	375.04%	71.95%	156.25%
Total Assets	$318.6M	$350.3M	$408.7M	$308.6M	$25.50M	$8.200M
YoY Change
Accounts Payable	$32.35M	$29.80M	$6.501M	$12.00M	$700.0K	$600.0K
YoY Change	8.54%	358.44%	-45.83%	1614.29%	16.67%
Accrued Expenses	$51.93M	$64.98M	$47.79M	$24.20M	$22.00M	$7.700M
YoY Change	-20.07%	35.96%	97.48%	10.0%	185.71%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$137.7M	$143.9M	$83.93M	$401.0M	$26.10M	$9.800M
YoY Change	-4.34%	71.5%	-79.07%	1436.4%	166.33%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$14.76M	$15.53M	$17.10M	$174.9M	$2.800M	$900.0K
YoY Change	-4.95%	-9.18%	-90.23%	6146.43%	211.11%
Total Long-Term Liabilities	$14.76M	$15.53M	$17.10M	$174.9M	$2.800M	$900.0K
YoY Change	-4.95%	-9.18%	-90.23%	6146.43%	211.11%
Total Liabilities	$264.8M	$294.3M	$323.3M	$370.3M	$28.90M	$10.70M
YoY Change	-10.02%	-8.97%	-12.69%	1181.31%	170.09%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	68.51M shares	63.53M shares	56.27M shares	43.58M shares
Diluted Shares Outstanding	68.51M shares	63.53M shares	57.43M shares	52.24M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $2.5752 Billion

About Rush Street Interactive Inc

Rush Street Interactive, Inc. engages in developing, supplying, and operating regulated online gaming sites. The company is headquartered in Chicago, Illinois and currently employs 820 full-time employees. The company went IPO on 2020-02-20. The firm provides its customers with an array of gaming offerings, such as real-money online casino, online sports betting and retail sports betting (that is sports betting services provided at bricks-and-mortar locations), as well as social gaming, which involved free-to-play games that use virtual credits that users can earn or purchase. The Company’s brands include BetRivers, PlaySugarHouse and RushBet. The company offers real-money mobile and online operations in 15 United States, including Pennsylvania, Illinois, New Jersey, New York, Ohio, Delaware, Michigan, Indiana, Virginia, Colorado, Maryland, Iowa, West Virginia, Arizona and Louisiana, as well as in the regulated international markets of Ontario, Canada, Colombia and Mexico.

Industry: Services-Miscellaneous Amusement & Recreation Peers: Accel Entertainment Inc Bally's Corp Century Casinos Inc Everi Holdings Inc. Golden Entertainment Inc Inspired Entertainment Inc Las Vegas Sands Corp Monarch Casino & Resort Inc Red Rock Resorts Inc