Discounted Cash Flow

Rush Street Interactive, Inc.

RSI · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2019 $63.7m $-22.4m $-2.9m -35.3%
2020 $278.5m (337.4%) $-138.2m (-515.8%) $14.3m (595.2%) -49.6% (-40.8%) $0.02
2021 $488.1m (75.3%) $-51.6m (62.7%) $-52.0m (-463.7%) -10.6% (78.7%) $-0.35 (-1850.0%)
2022 $592.2m (21.3%) $-95.7m (-85.5%) $-64.5m (-23.9%) -16.2% (-52.9%) $-0.61 (-74.3%)
2023 $691.2m (16.7%) $-41.8m (56.4%) $-7.2m (88.8%) -6.0% (62.6%) $-0.27 (55.7%)
2024 $924.1m (33.7%) $4.8m (111.6%) $105.5m (1560.9%) 0.5% (108.7%) $0.03 (111.1%)
2025 $1.1b (22.8%) $40.7m (740.0%) $164.2m (55.6%) 3.6% (584.2%) $0.35 (1066.7%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model