Filing Flows › Rush Street Interactive (RSI) › Q2 2025
Rush Street Interactive (RSI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Rush Street Interactive (RSI) reported revenue of $269M for the second quarter 2025 (Q2 2025), +22% from a year earlier and +3% from the quarter before. Operating margin was 9.0%, net earnings $28.8M (10.7% of revenue).
Rush Street Interactive, Q2 2025: revenue $269M (+22% year over year), operating margin 9.0%, net earnings $28.8M, operating cash flow $25.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $269M | +3% | +22% |
| Operating profit | $24.3M | +63% | — |
| Net earnings | $28.8M | +442% | — |
| Operating cash flow | $25.8M | -10% | +28% |
| Free cash flow | $25.6M | -10% | +29% |
What changed
Revenue was $269.2M in Q2 2025, up 22% year over year and up 3% from the previous quarter. Online casino and online sports betting was the largest line at 99% of revenue. Online casino and online sports betting added $48.7M year over year (up 22%), 100% of the total change.
Operating profit was $24.3M, a 9.0% margin (up 7.1 points year over year). Of the extra revenue versus a year earlier, 41% reached operating profit, above the 2% margin then. Total costs grew 13% against revenue growth of 22%. The fastest-growing cost line was Other operating costs (+30%). Net earnings were $16.7M.
Operating cash flow was $25.8M (up 28% year over year), 89% of net income including minority interests. Non-cash charges added back $9.8M of depreciation and amortization and $6.1M of share-based compensation. Working capital and other items used $19.0M. Capital expenditures of $202K left free cash flow of $25.6M.
Questions
What was Rush Street Interactive's revenue in the second quarter 2025?
Rush Street Interactive (RSI) reported revenue of $269M for the second quarter 2025 (Q2 2025), +22% from a year earlier and +3% from the quarter before.
Was Rush Street Interactive profitable in the second quarter 2025?
Operating profit was $24.3M (9.0% of revenue) and net earnings $28.8M.