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Rush Street Interactive cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$70.3M in Q3 2026 · $211M over twelve months

Operating cash flow$71.2M
Capital spending−$883K
Free cash flow+$70.3M
Cash / net income2.5×
Cash conversion cycle-7 days

Analysis

In Q3 2026, Rush Street Interactive generated $71.2M of operating cash flow and spent $883K on capital projects, leaving free cash flow of $70.3M. That is $29.1M more than in Q3 2025 ($41.2M).

Over the twelve months to Sep 30, 2026, operating cash flow was $212M; the largest uses were other investing ($40.5M), other financing ($39.0M), taxes on employees’ shares ($33.0M); besides operations, cash came from shares issued ($1.2M); the cash balance rose by $108M.

Operating cash flow was $71.2M against net income of $28.7M — 2.5× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$12.1M, receivables +$10.4M, stock-based pay +$7.4M.

Its cash conversion cycle was -7 days (receivables 5 + inventory 0 − payables 12): suppliers fund its working capital.

Free cash flow

Rush Street Interactive: free cash flow by quarterRush Street Interactive: free cash flow by quarter$25.7MQ4 2024$28.6MQ1 2025$25.6MQ2 2025$41.2MQ3 2025$68.9MQ4 2025$19.9MQ1 2026$51.7MQ2 2026$70.3MQ3 2026
Operating cash flow less capital spending.
Rush Street Interactive: operating cash flow against capital spendingRush Street Interactive: operating cash flow against capital spendingOperating cash flowCapital spending$25.9M$171KQ4 2024$28.7M$161KQ1 2025$25.8M$202KQ2 2025$41.4M$227KQ3 2025$69.1M$177KQ4 2025$20.1M$252KQ1 2026$52.1M$347KQ2 2026$71.2M$883KQ3 2026
Latest (Q3 2026): Operating cash flow $71.2M, Capital spending $883K.

Capital allocation, year by year

Rush Street Interactive: where the cash came from (up) and went (down), by fiscal yearRush Street Interactive: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow −$48.2MFY2021: Net borrowing −$2.1MFY2021: Capital spending −$3.8MFY2021: Acquisitions −$1.5MFY2021: Buybacks −$3.5MFY2021FY2022: Operating cash flow −$60.3MFY2022: Net borrowing −$1.2MFY2022: Capital spending −$4.2MFY2022FY2023: Operating cash flow −$5.9MFY2023: Net borrowing −$518KFY2023: Capital spending −$1.3MFY2023FY2024: Operating cash flow $106MFY2024: Net borrowing −$1.6MFY2024: Shares issued $67KFY2024: Capital spending −$925K$107MFY2024FY2025: Operating cash flow $165MFY2025: Net borrowing −$2.7MFY2025: Shares issued $176KFY2025: Capital spending −$767KFY2025: Buybacks −$7.6M$165MFY2025
Over these 5 years operating cash flow totalled $157M; the largest uses were operating cash flow ($114M) and buybacks ($11.1M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$388M
Debtnone
Net cash$388M

Rush Street Interactive funds itself: free cash flow was $211M over the last twelve months, with $388M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Rush Street Interactive: sources (+) and uses (−) of cash, Q3 2026Rush Street Interactive: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$71.2MCash drawn (+) / kept (−)−$43.2MBuybacks−$13.5MOther investing−$11.3MOther financing−$6.0MExchange rates$4.1MCapital spending−$883KTaxes on employees’ shares−$419K
Rush Street Interactive: sources (+) and uses (−) of cash, TTM to Q3 2026Rush Street Interactive: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$212MCash drawn (+) / kept (−)−$108MOther investing−$40.5MOther financing−$39.0MTaxes on employees’ shares−$33.0MExchange rates$22.5MBuybacks−$13.5MCapital spending−$1.7MShares issued$1.2M

From profit to cash

Rush Street Interactive: net income to operating cash flow, Q3 2026Rush Street Interactive: net income to operating cash flow, Q3 2026Net income$28.7MDepreciation & amortization$12.1MStock-based pay$7.4MDeferred taxes$6.3MReceivables$10.4MPrepaid and other assets$5.0MOperating cash flow$71.2M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 20265—12-7
Q2 20266—14-8
Q1 20265—16-11
Q4 20255—15-9
Q3 20257—13-6
Q2 20256—13-7
Q1 20255—13-7
Q4 20245—16-11

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$71.2M−$883K−$13.5M——−$43.2M$70.3M
Q2 2026$52.1M−$347K—−$473K$575K−$11.1M$51.7M
Q1 2026$20.1M−$252K—−$415K$405K$8.9M$19.9M
Q4 2025$69.1M−$177K—−$349K$176K−$63.0M$68.9M
Q3 2025$41.4M−$227K—−$341K—−$35.6M$41.2M
Q2 2025$25.8M−$202K−$2.5M−$378K—−$9.9M$25.6M
Q1 2025$28.7M−$161K−$5.2M−$1.6M—$746K$28.6M
Q4 2024$25.9M−$171K—−$810K—−$12.4M$25.7M

Rush Street Interactive: income statement and cash flow

Rush Street Interactive, Q3 2026: revenue $386M (+39% year over year), operating margin 11.1%. The chart follows the revenue to costs, profit and cash.

Rush Street Interactive: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.