Rush Street Interactive

RSI

Gambling, Resorts & Casinos · Consumer Cyclical

Price

$32.50

-0.30 (-0.91%)

Market Cap

$7.73B

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Share count rising — dilution

+311.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 57.4M (2021) → 236.1M (2025)

Rush Street Interactive runs online casinos and sports betting apps in the United States and Latin America. Its main brands include BetRivers and PlaySugarHouse, which let customers place bets on sports or play casino games like slots and blackjack from their phones or computers. The company is one of the smaller but faster-growing players in the legal online gambling industry in the U.S.

Rush Street makes money by keeping a portion of every bet placed on its platforms, which is a model called "the house edge." It operates in more than a dozen U.S. states where online gambling is legal, plus markets in Colombia and Mexico. The company has built some loyalty through its focus on customer service and promotions, but it competes against much larger rivals like DraftKings and FanDuel. Its biggest challenge is that acquiring new customers is expensive, and profitability depends heavily on whether more U.S. states legalize online casino gaming.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+41.1% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+50.0% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

2.4%ownership

↑ Rising

Insiders increasing their stake — aligned with shareholders

Cash Position

Cash flow positive

$331M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Rush Street Interactive grew revenue 41% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

35.7%

Modest — 35.7% gross margin

Operating Margin

11.6%

Modest — 11.6% operating margin

ROCE

26.9%

Exceptional — 26.9% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales YoY

+28.2%

Fast-growing sales (28.2% YoY)

EPS YoY

+298.6%

Earnings growing fast (298.6% YoY)

Earnings growing 25%+ a year. The compounder zone.

EPS Consistency

8/8 quarters

Every recent quarter grew earnings vs last year

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Cash Conversion

422%

Turns 422% of profit into real cash

FCF Margin

11.8%

Modest free cash flow (11.8%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

Debt / Equity

N/A

Data not available

Interest Cover

100.00x

Comfortably covers interest (100.0x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

P/E Ratio (TTM)

84.7x

Expensive — P/E 84.7

P/E over 35. The market is pricing in heavy, sustained growth.

P/E vs Forward

+32.6

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (84.7 → 52.1)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial