← Rush Street Interactive, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $63.7m | $278.5m | $488.1m | $592.2m | $691.2m | $924.1m | $1.1b | |
| Total operating costs and expenses | $86.0m | $411.9m | $582.4m | $717.0m | $742.8m | $899.8m | $1.0b | |
| Sales and marketing | $28.3m | $56.5m | $190.5m | $220.5m | $160.7m | $158.6m | $164.7m | |
| General and administrative | $23.6m | $162.4m | $55.5m | $67.6m | $87.3m | $106.9m | $100.7m | |
| Depreciation and amortization | $1.1m | $2.1m | $4.2m | $14.3m | $29.8m | $32.2m | $40.0m | |
| Income (loss) from operations | ($22.3m) | ($133.4m) | ($94.3m) | ($124.8m) | ($51.6m) | $24.3m | $87.4m | |
| Change in tax receivable agreement liability | — | — | — | — | $0 | ($739k) | ($107.8m) | |
| Interest income, net | — | — | — | ($573k) | $2.8m | $7.5m | $9.3m | |
| (Loss) income before income taxes | ($22.4m) | ($135.9m) | ($66.4m) | ($125.4m) | ($48.8m) | $31.8m | ($11.1m) | |
| Net income (loss) | ($22.4m) | ($138.8m) | ($71.1m) | ($134.3m) | ($60.1m) | $7.2m | $74.0m | |
| Net income (loss) attributable to non-controlling interests | — | ($138.2m) | ($51.6m) | ($95.7m) | ($41.8m) | $4.8m | $40.7m | |
| Net income (loss) attributable to Rush Street Interactive, Inc. | ($22.4m) | ($575k) | ($19.5m) | ($38.6m) | ($18.3m) | $2.4m | $33.3m | |
| Net income (loss) per common share attributable to Rush Street Interactive, Inc. - basic (in USD per share) | — | $0 | ($0) | ($1) | ($0) | $0 | $0 | |
| Net loss per common share attributable to Rush Street Interactive, Inc. - diluted (in USD per share) | — | ($0) | ($1) | ($1) | ($0) | $0 | $0 | |
| Weighted average common shares outstanding - basic (in shares) | — | 43.6m | 56.3m | 63.5m | 68.5m | 81.8m | 95.8m | |
| Weighted average common shares outstanding - diluted (in shares) | — | 52.2m | 57.4m | 63.5m | 68.5m | 88.4m | 236.1m | |
| Costs of revenue | $32.9m | $190.9m | $332.1m | $414.7m | $465.0m | $602.0m | $741.7m | |
| Income tax (benefit) expense | — | $2.9m | $4.7m | $9.0m | $11.2m | $24.6m | ($85.1m) | |
| Total other (expense) income | — | $4.7m | $27.9m | ($573k) | $2.8m | $6.8m | ($98.5m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.