Rush Street Interactive Q2 Earnings Call Highlights
Rush Street Interactive NYSE: RSI reported record second-quarter revenue and adjusted EBITDA as growth in online casino, Latin America and player acquisition accelerated during the period.
Rush Street Interactive, Inc. (RSI) functions as a prominent online casino and sports betting enterprise, catering to markets in both the United ...
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Est. EPS $0.14 · Revenue $392.14M · 5 analysts
Est. EPS $0.19 · Revenue $431.40M · 5 analysts
Est. EPS $0.62 · Revenue $1.59B · 5 analysts
Est. EPS $0.20 · Revenue $437.53M · 3 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $1.1B | +22.8% | +6.3% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $33.3M | +1294.8% | +27.3% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +34.6% | -0.7% | -0.6% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +7.7% | +193.0% | +1.6% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +2.9% | +1036.2% | +19.7% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $131.6M | +70.9% | +160.4% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +11.6% | +39.2% | +144.9% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 12.5% | +112.8% | -18.8% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.93x | +10.7% | +8.1% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $658.5M | +73.5% | +17.1% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 0.14 vs 0.40 | -65.2% | 0.10 vs 0.14 | -27.7% |
| Revenue Surprise | $1.1B vs $1.1B | +1.7% | $393.8M vs $392.1M | +0.4% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Sep 3, 2026 | Sauers Kyle | officer, other: Chief Financial Officer | Class A Common Stock | D | 23,000 | $26.56 |
| Sep 1, 2026 | SCHWARTZ RICHARD TODD | director, officer: Chief Executive Officer | Class A Common Units of Rush Street Interactive, L.P. | D | 47,222 | — |
| Sep 1, 2026 | SCHWARTZ RICHARD TODD | director, officer: Chief Executive Officer | Class V Voting Stock | D | 47,222 | — |
| Sep 1, 2026 | SCHWARTZ RICHARD TODD | director, officer: Chief Executive Officer | Class V Voting Stock | D | 55,555 | — |
| Sep 1, 2026 | SCHWARTZ RICHARD TODD | director, officer: Chief Executive Officer | Class A Common Units of Rush Street Interactive, L.P. | D | 55,555 | — |
Operator: Good day, ladies and gentlemen. Thank you for standing by. Welcome to the Rush Street Interactive second quarter 26 earnings conference call. All participants are in listen only mode. A question and answer session will follow the formal presentation. Please note that this conference call is being recorded today, July 29, 2026. I will now turn the call over to Kyle L. Sauers, President and Chief Financial Officer. Please go ahead. Kyle L. Sauers: Thank you, operator, and good afternoon. By now, everyone should have access to our second quarter 26 earnings release. It can be found under the heading Financials Quarterly Results in the Investors section of the RSI website at rushstreetinteractive.com. Some of our comments will be forward looking statements within the meaning of the federal securities laws. Forward looking statements are not statements of historical fact, are usually identified by the use of words such as will, expect, should, or other similar phrases and are subject to numerous risks and uncertainties that could cause actual results to differ materially from what we expect. We assume no responsibility for updating any forward looking statements. Therefore, you should exercise caution in interpreting and relying on them. We refer you to our SEC filings for a more detailed discussion of the risks that could impact our future operating results and financial condition. During the call, we will discuss our non GAAP measures, which we believe can be in evaluating the company's operating performance. These measures should not be considered in isolation or as a substitute for our financial results prepared in accordance with GAAP. We will be discussing adjusted EBITDA, we define as net income or loss before interest, income taxes, depreciation and amortization, share based compensation, adjustments for certain onetime or nonrecurring items, and other adjustments that are either noncash or not related to our underlying business performance. A reconciliation of these non GAAP measures to the most directly comparable GAAP measure is available in our second quarter 26 earnings release and our investor deck, which is available in the Investors section of the RSI website at rushstreetinteractive.com. For purposes of today's call, unless noted when discussing profitability, EBITDA or other income statement measures other than revenue, we are referring to those items on a non GAAP adjusted EBITDA basis. With me on the call today, we have Richard Todd Schwartz, Chief Executive Officer who will first provide some opening remarks and then open the call to questions. And with that, I will turn the call over to Richard. Richard Todd Schwartz: Thanks, Kyle and good afternoon, everyone. Before I dive into our second quarter results, I want to take a moment to acknowledge that while Kyle and I have the opportunity to present these results each quarter, our continued success is driven by the exceptionally smart dedicated, and experienced …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Richard Todd Schwartz | Co-Founder, Chief Executive Officer & Director | USD 1,721,450 | Male | 1975 | Active |
Kyle L. Sauers | President & Chief Financial Officer | USD 1,294,716 | Male | 1972 | Active |
Mattias Stetz | Chief Operating Officer | USD 993,010 | Male | 1980 | Active |
Paul Wierbicki | General Counsel, Chief Legal Officer & Director | USD 813,985 | Male | 1980 | Active |
Neil Gary Bluhm | Co-Founder & Executive Chairman | USD 392,562 | Male | 1938 | Active |
Bruce Caughill | Managing Director of Canada | — | Male | — | Active |
Rob Picard | Chief Strategy Officer | — | Male | — | Active |
Shubham Tyagi | Chief Technology Officer | — | Male | — | Active |
Laura McAllister Cox | Chief Compliance Officer | — | Female | 1960 | Active |
Michelle Armer | Chief People Officer | — | Female | — | Active |
Brian Sapp | Chief Marketing Officer | — | Male | — | Active |
Rush Street Interactive NYSE: RSI reported record second-quarter revenue and adjusted EBITDA as growth in online casino, Latin America and player acquisition accelerated during the period.
Rush Street Interactive, Inc. (RSI) Q2 2026 Earnings Call Transcript
Rush Street Interactive, Inc. (RSI) came out with quarterly earnings of $0.15 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.11 per share a year ago.
- Record Quarterly Revenue of $393.8 Million, up 46% Year-over-Year - - Record Quarterly Net Income of $29.3 Million - - Record Quarterly Adjusted EBITDA of $64.6 Million, up 61% Year-over-Year - - Monthly-Active-User Growth of 64% in North American Online Casino Markets - - Raising Full Year 2026 Revenue and Adjusted EBITDA Guidance -
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