Rush Street Interactive Inc logo

Rush Street Interactive Inc(RSI)

Top Performer Top performer
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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
4-STAR RATING
PASS
LAST CLOSE
$11.86
11/13/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for RSI

11/13/2026: RSI (4-star) is currently NOT-A-BUY. Pass it for now.

Rush Street Interactive (RSI) is an online sports betting and iGaming company that utilizes a proprietary platform to deliver services under the BetRivers brand. It is known for a strong focus on player retention and technology-led operations, which have historically supported steady growth in competitive markets. The company's primary opportunity lies in the continued expansion of legalized online gaming across North America and Latin America. However, it faces significant risks from intense competition by larger, better-capitalized peers and the potential for increased regulatory and tax burdens. RSI is best suited for growth-oriented investors who monitor developments in state-level gambling legislation and company progress toward sustained profitability.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitRSI operates in a high-growth sector with significant potential for expansion as more US states legalize online gambling.
Momentum investorMixed fitThe stock can exhibit high volatility linked to regulatory news and quarterly earnings beats, requiring a positive trend signal.
Value investorWeak fitThe company is focused on growth and market share rather than traditional value metrics or immediate profitability.
Dividend investorWeak fitThe company does not pay dividends and retains all capital for reinvestment.
Low-risk investorWeak fitHigh regulatory risk and sector volatility make this unsuitable for risk-averse investors.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe gaming industry is highly sensitive to regulatory changes and earnings surprises.
Valuation riskMediumMarket sentiment for growth stocks in gaming often shifts rapidly based on interest rates.
Competition risk (Market giants)HighWell-capitalized competitors can outspend RSI on customer acquisition.
Business qualityMediumWhile the tech stack is strong, the business remains dependent on favorable state-by-state regulation.
Dividend incomeLow / noneInvestors should not expect any income return from this equity.
Execution riskMedium / highSuccessful expansion requires navigating complex licensing processes in every new jurisdiction.

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 2.87B USD
Price to earnings Ratio 33.71
1Y Target Price 23.21
Price to earnings Ratio 33.71
1Y Target Price 23.21
Volume (30-day avg) 4.3M shares
Beta 1.79
52 Weeks Range 11.27 - 34.53
Updated Date 11/13/2026
52 Weeks Range 11.27 - 34.53
Updated Date 11/13/2026
Dividends yield (FY) -
Basic EPS (TTM) 0.35

Sector & Industry Intelligence

Sector

Consumer Cyclical

Constructive
Sentiment
Strong Bullish
Momentum
BUY Breadth Improving
BUY participation
67.4%
Active BUY / eligible
31 / 46
30-Day BUY Count Change
+23
Market state
Strong Bullish

More qualifying stocks are receiving or maintaining BUY advisories, indicating improving market participation.

Industry

Gambling

BUY participation
0.0%
Active BUY / eligible
0 / 1
30-Day BUY Count Change
0

Eligible universe: 1 stock.

Sector signal summarizes BUY breadth conditions for the sector. It does not override this stock’s BUY, SELL, or PASS advisory.

Price Behavior

Downtrend
PRICE PATH

Downtrend

The stock has experienced a sustained decline in price over recent periods.

Choppy
PRICE STABILITY

Choppy

The stock has experienced frequent reversals and pronounced short-term price swings.

Analysis of Past Performance

Type Stock
Historic Profit 132.49%
Avg. Invested days 48
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 5.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/13/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
RSI receives a 4-star rating, supported by solid company fundamentals, and solid analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
RSI has solid overall fundamentals (4 stars), with moderate financial health, solid growth momentum, and solid ownership. In FY2025 versus FY2024, strong earnings growth (+1294.8%) and solid cash generation (FCF margin 11.6%) are partially offset by soft profitability (net margin 2.9%), modest insider ownership of 2.62%.

Financial Health Rating

★★★★★
RSI's financial health is supported by solid cash strength, including free-cash-flow generation (11.6% of revenue). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is RSI's strongest growth driver at +1294.8% FY2025 versus FY2024 (strong, 5 stars). Revenue growth (+22.8%, solid) and free-cash-flow growth (+70.9%, strong) are also constructive, though not equally high across every growth measure.

Ownership

★★★★★
Institutional ownership is 115.5% and approximately 92.2% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 2.62% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 13.12%
Vanguard Portfolio Management, LLC 4.88%
Divisadero Street Capital Management, LP 4.72%
Ameriprise Financial Inc 4.36%
Hood River Capital Management LLC 3.88%

Unit Economics (Per $1K Revenue)

★★★★★
RSI generates approximately $346 of gross profit, $77 of operating income, and $116 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Moderate margins and solid cash conversion support a 3-star rating, while capital efficiency is strong.

Economic Dimensions

★★★★★
Effective Tax Rate: 768.19%

Quantitative Style Profile

★★★★★
RSI has a high-quality, liquid profile. Weak momentum is the primary drawback, while elevated volatility.

Style Classification

Quality Focused

Value-OrientedQuality TiltHigh VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

How Company Makes Money

Business areaWhat it includesRetail investor read
Online Sports BettingWagers placed on sporting events via BetRivers/PlaySugarHouse.RSI keeps a percentage of all bets placed (the 'hold'), making money as the platform manages risk.
iGaming (Casino)Online slots, blackjack, and roulette.This is generally more profitable than sports betting due to the house edge in casino games.
Geographic OperationsOperations across US states and Latin America.Diversification reduces the impact of regulatory changes in any single jurisdiction.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date 2026-10-28
When After Market
Estimate 0.1
Actual 0.13

Profitability

Profit Margin 2.56%
Operating Margin (TTM) 10.87%

Management Effectiveness

Return on Assets (TTM) 14.1%
Return on Equity (TTM) 32.45%

Valuation

Trailing PE 33.71
Forward PE 11.34
Enterprise Value 1.03B
Price to Sales(TTM) 1.95
Enterprise Value 1.03B
Price to Sales(TTM) 1.95
Enterprise Value to Revenue 0.7
Enterprise Value to EBITDA 5.03
Shares Outstanding 114.93M
Shares Floating 105.98M
Shares Outstanding 114.93M
Shares Floating 105.98M
Percent Insiders 2.62
Percent Institutions 115.47

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

Form CRS provides a relationship summary of our automated advisory services, flat subscription fees, and conflicts of interest. Form ADV Part 2A brochure contains complete details on services, billing, and disclosures. If any summary differs from our current regulatory filings, the filed Form ADV controls.