Rush Street Interactive (RSI) Cash Flow: Operating & Free Cash Flow

Rush Street Interactive Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Rush Street Interactive, Inc. (RSI) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Operating Activities
Net Income	74.03	7.24	-60.06	-134.33	-71.09	-131.65	-22.45	-10.74
Depreciation & Amortization	39.97	32.20	29.76	14.33	4.25	2.08	0.10	0.90
Deferred Income Tax	-4.44	-0.14	-0.26	-0.05	0.06	0.04	0.00	0.00
Stock Based Compensation	26.26	35.29	30.02	18.69	24.91	144.73	13.41	0.00
Change in Working Capital	28.19	30.97	-6.78	40.43	21.39	5.60	5.45	4.56
Change in Accounts Receivable	-0.52	10.45	0.66	-5.35	-4.45	-24.56	-4.33	0.01
Change in Accounts Payable	35.52	25.92	-9.27	38.73	-5.55	11.23	0.13	0.00
Change in Other Working Capital	1.00	-5.40	1.83	7.04	14.10	18.92	9.65	4.54
Other Operating Activities	1.00	0.89	0.44	0.57	14.10	-4.62	1.04	0.14
Net Cash from Operating Activities	165.00	106.45	-5.93	-60.32	-48.19	16.18	-2.46	-5.14
Investing Activities
Capital Expenditures	-33.36	-29.43	-1.29	-4.16	-34.75	-6.24	-5.77	-0.15
Acquisitions	0.00	0.00	0.00	0.00	-1.50	0.00	0.00	0.00
Purchases of Investments	-1.03	-1.86	-3.53	-0.69	-2.25	0.00	0.00	0.00
Sales/Maturities of Investments	-35.22	0.00	1.71	-0.69	0.00	0.00	0.00	0.00
Other Investing Activities	-35.22	-30.58	-30.66	-24.14	-29.41	-4.37	-5.34	-0.50
Net Cash from Investing Activities	-37.02	-33.36	-33.78	-28.99	-37.00	-6.24	-5.77	-0.64
Financing Activities
Debt Repayment	-2.72	-1.56	-0.52	-1.22	-2.14	0.00	0.00	0.00
Common Stock Issued	0.18	0.07	0.00	0.00	131.59	0.00	15.55	0.00
Common Stock Repurchased	-7.63	0.00	0.00	0.00	-3.47	0.00	0.00	0.00
Dividends Paid	0.00	0.00	0.00	0.00	0.00	-5.19	0.00	0.00
Other Financing Activities	-27.19	-1.16	-0.52	-1.22	-0.40	246.26	0.00	8.00
Net Cash from Financing Activities	-37.36	-2.65	-0.52	-1.22	125.58	241.07	15.55	8.00
Summary
Effect of Forex Changes on Cash	17.12	-8.66	5.13	-3.72	-2.13	0.52	-0.01	-0.15
Net Change in Cash	107.75	61.78	-35.10	-94.25	40.40	251.52	7.31	2.07
Cash at Beginning of Period	232.76	170.98	206.08	300.33	262.07	10.54	3.23	1.16
Cash at End of Period	340.50	232.76	170.98	206.08	300.33	262.07	10.54	3.23
Free Cash Flow	131.64	77.02	-7.22	-64.48	-82.94	9.94	-8.23	-5.29
Supplemental Disclosures
Interest Paid	0.92	0.91	0.94	0.94	0.12	-	-	-
Income Taxes Paid	32.67	16.55	7.39	6.80	3.54	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Rush Street Interactive Cash Flow

What is Rush Street Interactive's free cash flow?

Rush Street Interactive generated free cash flow of $131.64M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $165.00M minus $33.36M of capital expenditures. That was up 70.9% from $77.02M a year earlier. Free cash flow equaled 11.6% of revenue.

How much does Rush Street Interactive spend on capital expenditures?

Rush Street Interactive spent $33.36M on capital expenditures in fiscal 2025, compared with $29.43M a year earlier. That equals 20.2% of operating cash flow.

Does Rush Street Interactive pay dividends or buy back shares?

Yes. In fiscal 2025 Rush Street Interactive returned $7.63M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition