RSI Consumer Cyclical

Rush Street Interactive, Inc.

$12.53+9.91%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Consumer Cyclical
Industry: Gambling
Country: United States
Market cap: 3.1B USD
Enterprise value: -94.4M USD
Full-time employees: 912

Overall health

Strength: growing faster than most peersgrowing faster than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: its share price swings more than most peers’ (beta 1.51 vs a peer median of 0.63)bigger price swings (beta 1.51 vs peers 0.63)
About average: risk (debt, liquidity and share-price swings)risk

Ranks #510 of 1,502 consumer cyclical companies (top 34%)

See how it ranks against its peers

Worth knowing

Cash exceeds market value plus debt. Its cash is worth more than its market value plus debt.
Rush Street Interactive's cash is larger than its market value and debt combined (enterprise value at or below zero). The market is valuing the operating business at nothing or less, which is rare.Rush Street Interactive's cash is larger than its market value and debt combined. The market is valuing the operating business at nothing or less, which is rare.
Stock pay outran buybacks. Stock-based pay expense $92M vs $8M spent repurchasing shares over the 3 fiscal years to 2025.
Over three fiscal years Rush Street Interactive recorded $92M of stock-based pay expense and spent $8M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years Rush Street Interactive recorded $92M of stock-based pay expense and spent $8M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.
Operating margin at a 6-year high. 7.7% in 2025, the best of the last 6 years.
Rush Street Interactive kept 7.7% of revenue as operating profit in 2025, its highest in the 6 years of filings we have.
Cash flow well above reported profit. Free cash flow is 5.7× reported profit.
Free cash flow is 5.7× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.

StockQuotient Score

59/ 100▼ 11 since Oct 27 close

Oct 5 61 → Nov 4 59 (-2)

Valuation

Is the price right?

28/100

Weak▼ 43 since Oct 27 close

2/3 inputs reported · Partial data

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 71 → 28

Share price -18.7%+11
Company's reported figures updated-82
Peer companies moved+28

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield1.0%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score -1.02Sector median: 0.0439 · MAD: 0.0329

EBITDA yieldUnavailable

Cash exceeds market value plus debt, so EBITDA yield is not meaningful and is left out · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0877 · MAD: 0.0461

Free cash flow yield5.9%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -0.04Sector median: 0.0614 · MAD: 0.0545

Other data (not scored)

Book yield6.0%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5650 · MAD: 0.3500

Growth

Is it growing?

100/100

Strong

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 10.0%

Why

Stronger than most peers on:

▲ Revenue growth
▲ EPS growth
▲ 3-yr revenue

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth156.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 5.98Sector median: 0.0420 · MAD: 0.2537

3-year revenue growth28.7%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 3.85Sector median: 0.0425 · MAD: 0.0636

Revenue growth34.3%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score 4.60Sector median: 0.0373 · MAD: 0.0653

Profitability

Does it earn well?

61/100

Moderate

2/3 inputs reported · Partial data

Since last quarter: No major change

Why

Stronger than most peers on:

▲ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin10.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.79Sector median: 0.0638 · MAD: 0.0461

Return on assets4.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.28Sector median: 0.0331 · MAD: 0.0254

Return on invested capitalUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0733 · MAD: 0.0600

Other data (not scored)

Gross margin35.0%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.3025 · MAD: 0.1399

Return on equity17.2%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0746 · MAD: 0.0674

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Mixed versus peers:

▲ Debt / equity
▲ Current ratio
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.51

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -2.94Sector median: 0.6345 · MAD: 0.2980

Current ratio2.12×

SEC filings · latest balance sheetReported value33% base weight · Z-score 1.14Sector median: 1.4800 · MAD: 0.5570

Debt / equity0.02×

Yahoo Finance fallback · no standard SEC debt tagReported value33% base weight · Z-score 1.26Sector median: 0.4646 · MAD: 0.3556

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Rush Street Interactive

Is Rush Street Interactive getting weaker?: Its latest SEC filing (Jul 30, 2026) showed no major changes. Its overall score is 59/100, down 11 since Oct 28, 2026.
How is Rush Street Interactive valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 28/100 against 1,612 consumer cyclical peers. Earnings yield 1.0% vs a peer median of 4.4% (weaker than 74% of peers).Earnings yield 1.0% vs peers 4.4% (weaker than 74% of peers).
Is Rush Street Interactive growing?: Yes, faster than most of its peers. Growth scores 100/100 against 1,612 consumer cyclical peers. Revenue growth 34.3% vs a peer median of 3.7% (stronger than 95% of peers).Revenue growth 34.3% vs peers 3.7% (stronger than 95% of peers).
How profitable is Rush Street Interactive?: More profitable than most of its peers. Profitability scores 61/100 against 1,612 consumer cyclical peers. Operating margin 10.0% vs a peer median of 6.4% (stronger than 68% of peers).Operating margin 10.0% vs peers 6.4% (stronger than 68% of peers).
How risky is Rush Street Interactive?: Moderate risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Debt / equity 0.02× vs a peer median of 0.46× (stronger than 95% of peers).Debt / equity 0.02× vs peers 0.46× (stronger than 95% of peers). Beta 1.51 vs a peer median of 0.63 (weaker than 91% of peers).Beta 1.51 vs peers 0.63 (weaker than 91% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Jul 30, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	1.2B USD	1.4B USD	+10.0%
Net income (12 months)	37.1M USD	31.9M USD	−13.9%
Operating margin	9.3%	10.0%	+0.8 pts
Free cash flow (12 months)	155.5M USD	181.7M USD	+16.8%
Cash	330.6M USD	339.9M USD	+2.8%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Consumer Cyclical · 182 companies

Valuations in Consumer Cyclical are within their usual range since 2016.

36% of months since 2016 were valued lower than now.
15% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +0% and earnings +10% (medians): prices and earnings moved broadly together.
Median price-to-sales is −55% vs the whole market, against a usual −41%.

2016Shaded: most expensive fifth of its range2026

Shown for Consumer Cyclical: too few Gambling companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	32.0%	30.0%	32.7%	34.9%	34.6%	▼ 0.2 pts
Operating margin	-19.3%	-21.1%	-7.5%	2.7%	7.7%	▲ 5.0 pts
Net margin	-4.0%	-6.5%	-2.6%	0.3%	2.9%	▲ 2.7 pts
Return on assets (ROA)	-4.8%	-11.0%	-5.7%	0.6%	5.1%	▲ 4.4 pts
Return on equity (ROE)	-22.8%	-68.9%	-34.0%	3.0%	22.6%	▲ 20 pts
Free cash flow margin	-10.7%	-10.9%	-1.0%	11.4%	14.5%	▲ 3.1 pts
Current ratio	4.07×	1.84×	1.66×	1.75×	1.93×	▲ 11%
Interest coverage	-504.17×	-217.80×	—	—	—	—

RSI price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

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Bringing the fundamentals into focus…

Overall health

Strength: growing faster than most peersgrowing faster than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: its share price swings more than most peers’ (beta 1.51 vs a peer median of 0.63)bigger price swings (beta 1.51 vs peers 0.63)

About average: risk (debt, liquidity and share-price swings)risk

Ranks #510 of 1,502 consumer cyclical companies (top 34%)

See how it ranks against its peers

Worth knowing

Cash exceeds market value plus debt. Its cash is worth more than its market value plus debt.

Rush Street Interactive's cash is larger than its market value and debt combined (enterprise value at or below zero). The market is valuing the operating business at nothing or less, which is rare.Rush Street Interactive's cash is larger than its market value and debt combined. The market is valuing the operating business at nothing or less, which is rare.

Stock pay outran buybacks. Stock-based pay expense $92M vs $8M spent repurchasing shares over the 3 fiscal years to 2025.

Over three fiscal years Rush Street Interactive recorded $92M of stock-based pay expense and spent $8M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years Rush Street Interactive recorded $92M of stock-based pay expense and spent $8M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.

Operating margin at a 6-year high. 7.7% in 2025, the best of the last 6 years.

Rush Street Interactive kept 7.7% of revenue as operating profit in 2025, its highest in the 6 years of filings we have.

Cash flow well above reported profit. Free cash flow is 5.7× reported profit.

Free cash flow is 5.7× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.

Questions investors ask about Rush Street Interactive

Is Rush Street Interactive getting weaker?

Its latest SEC filing (Jul 30, 2026) showed no major changes. Its overall score is 59/100, down 11 since Oct 28, 2026.

How is Rush Street Interactive valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 28/100 against 1,612 consumer cyclical peers. Earnings yield 1.0% vs a peer median of 4.4% (weaker than 74% of peers).Earnings yield 1.0% vs peers 4.4% (weaker than 74% of peers).

Is Rush Street Interactive growing?

Yes, faster than most of its peers. Growth scores 100/100 against 1,612 consumer cyclical peers. Revenue growth 34.3% vs a peer median of 3.7% (stronger than 95% of peers).Revenue growth 34.3% vs peers 3.7% (stronger than 95% of peers).

How profitable is Rush Street Interactive?

More profitable than most of its peers. Profitability scores 61/100 against 1,612 consumer cyclical peers. Operating margin 10.0% vs a peer median of 6.4% (stronger than 68% of peers).Operating margin 10.0% vs peers 6.4% (stronger than 68% of peers).

How risky is Rush Street Interactive?

Moderate risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Debt / equity 0.02× vs a peer median of 0.46× (stronger than 95% of peers).Debt / equity 0.02× vs peers 0.46× (stronger than 95% of peers). Beta 1.51 vs a peer median of 0.63 (weaker than 91% of peers).Beta 1.51 vs peers 0.63 (weaker than 91% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

1.2B USD

1.4B USD

+10.0%

Net income (12 months)

37.1M USD

31.9M USD

−13.9%

Operating margin

9.3%

10.0%

+0.8 pts

Free cash flow (12 months)

155.5M USD

181.7M USD

+16.8%

Cash

330.6M USD

339.9M USD

+2.8%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

32.0%

30.0%

32.7%

34.9%

34.6%

▼ 0.2 pts

Operating margin

-19.3%

-21.1%

-7.5%

2.7%

7.7%

▲ 5.0 pts

Net margin

-4.0%

-6.5%

-2.6%

0.3%

2.9%

▲ 2.7 pts

Return on assets (ROA)

-4.8%

-11.0%

-5.7%

0.6%

5.1%

▲ 4.4 pts

Return on equity (ROE)

-22.8%

-68.9%

-34.0%

3.0%

22.6%

▲ 20 pts

Free cash flow margin

-10.7%

-10.9%

-1.0%

11.4%

14.5%

▲ 3.1 pts

Current ratio

4.07×

1.84×

1.66×

1.75×

1.93×

▲ 11%

Interest coverage

-504.17×

-217.80×

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