Rush Street Interactive (RSI) investor relations material

Executive summary

• Achieved record quarterly revenue of $393.8 million in Q2 2026, up 46% year-over-year, driven by strong online casino and sports betting growth and expansion in North America and Latin America.

• Adjusted EBITDA reached a record $64.6 million, up 61% year-over-year, with margins over 16%.

• Net income for Q2 2026 was $29.3 million, up 2% from the prior year.

• Monthly active users grew 58% year-over-year to 949,000, with North America up 51% and Latin America up 62%.

• Online casino accounted for 72% of revenue, with sports betting making up most of the remaining 28%.

Financial highlights

• Gross margin improved to 35.5%, with costs of revenue at 65% and Adjusted EBITDA margin at 16.4%.

• Marketing expenses were $48.6 million (12.3% of revenue), up 34% year-over-year but declined as a percentage of revenue.

• Cash and cash equivalents as of June 30, 2026, were $340 million, with no outstanding debt.

• Adjusted EPS for Q2 2026 was $0.10; adjusted EPS for the year projected at $0.62 at guidance midpoint.

• ARPMAU was $320 in North America (down year-over-year) and $55 in Latin America (up year-over-year).

Outlook and guidance

• Raised full-year 2026 revenue guidance to $1.56–$1.6 billion (38–41% year-over-year growth).

• Adjusted EBITDA guidance increased to $245–$265 million (59–72% year-over-year growth).

• Guidance assumes operations only in current live jurisdictions and similar tax structures, with Colombia's 16% GGR tax remaining through year-end.

• Q3 revenue expected to be flat with Q2, with Q4 showing a significant uptick; Q3 EBITDA expected to be the lowest quarter due to increased marketing spend.

• Sufficient liquidity is expected to fund operations and capital needs for at least the next 12 months.