Filing Flows › Rush Street Interactive (RSI) › Q1 2026
Rush Street Interactive (RSI) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Rush Street Interactive (RSI) reported revenue of $370M for the first quarter 2026 (Q1 2026), +41% from a year earlier and +14% from the quarter before. Operating margin was 11.6%, net earnings $9.1M (2.4% of revenue).
Rush Street Interactive, Q1 2026: revenue $370M (+41% year over year), operating margin 11.6%, net earnings $9.1M, operating cash flow $20.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $370M | +14% | +41% |
| Operating profit | $42.8M | +49% | +187% |
| Net earnings | $9.1M | +73% | +71% |
| Operating cash flow | $20.1M | -71% | -30% |
| Free cash flow | $19.9M | -71% | -30% |
What changed
Revenue was $370.4M in Q1 2026, up 41% year over year and up 14% from the previous quarter. Online casino and online sports betting was the largest line at 100% of revenue. Online casino and online sports betting added $108.0M year over year (up 41%), 100% of the total change. Retail sports betting declined 22%.
Operating profit was $42.8M, a 11.6% margin (up 5.9 points year over year). Of the extra revenue versus Q1 2025, 26% reached operating profit, above the 6% margin then. Total costs grew 32% against revenue growth of 41%. The fastest-growing cost line was Cost of revenue (+39%). Net earnings were $9.1M, up 71% year over year. The effective tax rate was 42.7%.
Operating cash flow was $20.1M (down 30% year over year), 77% of net income including minority interests. Non-cash charges added back $10.7M of depreciation and amortization and $6.7M of share-based compensation. Working capital and other items used $23.5M. Capital expenditures of $252K left free cash flow of $19.9M.
Questions
What was Rush Street Interactive's revenue in the first quarter 2026?
Rush Street Interactive (RSI) reported revenue of $370M for the first quarter 2026 (Q1 2026), +41% from a year earlier and +14% from the quarter before.
Was Rush Street Interactive profitable in the first quarter 2026?
Operating profit was $42.8M (11.6% of revenue) and net earnings $9.1M.