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Rush Street Interactive logo
Rush Street Interactive RSI
$ 12.25 3.11%
report update icon

Quarterly report 2026-Q3
added 10-29-2026

Rush Street Interactive Balance Sheet 2025-2011 | RSI

Brief overview of Rush Street Interactive's balance sheet strength

This overview follows the five latest available annual observations between 2021 and 2025.

Total assets increased by +61.1%, from $408.7 million to $658.5 million. A CAGR near 12.7% points to substantial expansion.

Liabilities expanded faster than the asset base, +251.4% versus +61.1%. Debt-service capacity deserves attention.

Equity funds just 22.4% of assets versus 75.3% previously. The balance sheet is sensitive to weaker results.

Cash exceeds interest-bearing debt, producing net debt of -$333.3 million. The balance sheet therefore carries a net cash position.

The cash reserve occupies 51.1% of the balance sheet, previously 73.5%. It is one marker of short-term resilience.

The balance sheet includes a negative accumulated result of -$102.6 million. It should be assessed alongside historical profits and capital distributions.

What the balance sheet shows

Rush Street Interactive's balance sheet profile is moderate. It should be considered alongside profitability, cash flow and liability maturities.

Annual Balance Sheet Rush Street Interactive

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Net Debt

-333 M -227 M -166 M -178 M -279 M -254 M -6.9 M - - - - - - - -

Long Term Debt

1.95 M 1.3 M 1.49 M 1.18 M 1.15 M 979 K - - - - - - - - -

Long Term Debt Current

991 K 673 K 621 K 722 K 509 K 226 K - - - - - - - - -

Total Non Current Liabilities

145 M 18 M 14.8 M 15.5 M 17.1 M 175 M 2.78 M - - - - - - - -

Total Current Liabilities

210 M 163 M 138 M 144 M 83.9 M 401 M 26.1 M - - - - - - - -

Total Liabilities

355 M 181 M 152 M 159 M 101 M 576 M 28.9 M - - - - - - - -

Deferred Revenue

- - - - - - 159 K - - - - - - - -

Retained Earnings

-103 M -136 M -138 M -120 M -81.4 M -61.9 M - - - - - - - - -

Total Assets

659 M 379 M 319 M 350 M 409 M 309 M 25.5 M - - - - - - - -

Cash and Cash Equivalents

336 M 229 M 168 M 180 M 281 M 256 M 6.9 M 3.23 M - - - - - - -

Book Value

303 M 198 M 166 M 191 M 308 M -267 M -3.37 M - - - - - - - -

Total Shareholders Equity

147 M 78.7 M 53.8 M 56 M 85.4 M -61.8 M - - - - - - - - -

All numbers in USD currency

Quarterly Balance Sheet Rush Street Interactive

2026-Q3 2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Long Term Debt

1.04 M 1.24 M 1.48 M 1.75 M 1.34 M 1.52 M 1.35 M 1.37 M 1.61 M 1.72 M 620 K 673 K 748 K 734 K 841 K 1.18 M 1.36 M 1.36 M 970 K 1.15 M 941 K 1.07 M 868 K 979 K 979 K 979 K 979 K - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Total Non Current Liabilities

260 M 254 M 147 M 145 M 139 M 130 M 18.6 M 18 M 18.1 M 15.3 M 14.7 M 14.8 M 14.6 M 15.2 M 14.9 M 15.5 M - 16.1 M 16.5 M 17.1 M 4.84 M 5.08 M 4.6 M 175 M 8.05 M 8.05 M 8.05 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Total Liabilities

466 M 454 M 359 M 355 M 319 M 291 M 192 M 181 M 174 M 163 M 169 M 152 M 152 M 128 M 145 M 159 M 128 M 128 M 116 M 101 M 80.8 M 59.8 M 64 M 576 M 10.7 M 8.72 M 8.63 M 28.9 M 49.1 K 49.1 K 49.1 K - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Retained Earnings

-70.2 M -82 M -93.6 M -103 M -108 M -114 M -131 M -136 M -138 M -139 M -139 M -138 M -137 M -132 M -127 M -120 M -111 M -111 M -96.1 M -81.4 M -71 M -47.3 M -43.5 M -61.9 M -2.44 M -140 K 250 K - -720 -720 -720 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Total Assets

829 M 793 M 677 M 659 M 593 M 543 M 387 M 379 M 363 M 341 M 341 M 319 M 315 M 295 M 319 M 350 M 345 M 345 M 377 M 409 M 421 M 415 M 429 M 309 M 232 M 232 M 232 M 25.5 M 73.4 K 73.4 K 73.4 K - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Cash and Cash Equivalents

386 M 343 M 332 M 341 M 278 M 242 M 232 M 233 M 220 M 199 M 194 M 171 M 176 M 151 M 176 M 206 M 225 M 225 M 261 M 300 M 360 M 373 M 375 M 262 M 15.1 M 14.9 M 8.41 M 6.9 M - - - 3.23 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Book Value

362 M 339 M 319 M 303 M 274 M 252 M 195 M 198 M 189 M 178 M 172 M 166 M 162 M 167 M 174 M 191 M 217 M 217 M 261 M 308 M 340 M 355 M 365 M -267 M 221 M 223 M 224 M -3.37 M 24.3 K 24.3 K 24.3 K - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Total Shareholders Equity

362 M 339 M 319 M 303 M 274 M 252 M 195 M 198 M 189 M 178 M 172 M 166 M 162 M 167 M 174 M 191 M 217 M 217 M 261 M 308 M 340 M 355 M 365 M -267 M -85.6 M -59 M -14.4 M - 24.3 K 24.3 K 24.3 K - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

All numbers in USD currency

Balance Sheet is a fundamental financial report of Rush Street Interactive, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.

For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.

Features of balance sheet analysis
  • Vertical and horizontal analysis
    Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods.
  • Asset quality
    It is important to evaluate not only the amount of assets but also their liquidity and realizability.
  • Accounting for off-balance sheet liabilities
    Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.