Rush Street Interactive | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 393.78 M

Revenue: As of FY2026 Q2, the actual value is USD 393.78 M, beating the estimate of USD 367.75 M.

EPS: As of FY2026 Q2, the actual value is USD 0.1.

EBIT: As of FY2026 Q2, the actual value is USD 46.23 M.

Second Quarter 2026 Financial Highlights

Net income for Rush Street Interactive, Inc. reached $29.3 million, up from $28.8 million in the second quarter of 2025. Adjusted EBITDA was $64.6 million, an increase of 61% year-over-year from $40.2 million in the prior year period. Income from operations significantly increased to $46.2 million from $24.3 million in the second quarter of 2025, and income before income taxes improved to $49.7 million from a loss of - $86.2 million in the second quarter of 2025.

Six Months Ended June 30, 2026 Financial Highlights

For the six months ended June 30, 2026, net income was $55.5 million, compared to $40.0 million in 2025. Adjusted EBITDA for the period was $124.8 million, up from $73.5 million in 2025. Income from operations grew to $89.0 million from $39.2 million in the first six months of 2025, and income before income taxes improved to $95.4 million from a loss of - $69.9 million in the prior year period.

Operating Costs and Expenses (Three Months Ended June 30, 2026 vs 2025)

• Costs of revenue were $254.1 million in 2026, up from $174.1 million in 2025.
• Sales and marketing expenses were $49.9 million in 2026, compared to $37.1 million in 2025.
• General and administrative expenses were $32.5 million in 2026, up from $23.8 million in 2025.
• Total operating costs and expenses for the quarter were $347.5 million in 2026, compared to $244.9 million in 2025.

Operating Costs and Expenses (Six Months Ended June 30, 2026 vs 2025)

• Costs of revenue were $492.3 million in 2026, compared to $345.0 million in 2025.
• Sales and marketing expenses were $97.3 million in 2026, up from $79.3 million in 2025.
• General and administrative expenses were $63.7 million in 2026, compared to $48.8 million in 2025.
• Total operating costs and expenses for the six months were $675.1 million in 2026, up from $492.4 million in 2025.

Operational Metrics

Monthly Active Users (MAU) totaled approximately 949,000, representing a 58% increase compared to the second quarter of 2025. North America MAUs were approximately 296,000, showing a 51% year-over-year increase, driven by 64% growth in online casino markets. Latin America MAUs (including Mexico) increased by 62% year-over-year to approximately 653,000. Average Revenue per Monthly Active User (ARPMAU) in North America was $320, while ARPMAU in Latin America was $55 during the second quarter of 2026.

Cash Flow from Operating Activities

Net cash provided by operating activities was $72.2 million for the six months ended June 30, 2026, compared to $54.5 million in the same period of 2025.

Cash Flow from Investing Activities

Net cash used in investing activities was - $21.9 million for the six months ended June 30, 2026, compared to - $19.1 million in the same period of 2025.

Cash Flow from Financing Activities

Net cash used in financing activities was - $61.5 million for the six months ended June 30, 2026, compared to - $33.9 million in the same period of 2025.

Net Change in Cash, Cash Equivalents and Restricted Cash

Net change in cash, cash equivalents and restricted cash was $2.2 million for the six months ended June 30, 2026, compared to $9.2 million in the same period of 2025. Cash, cash equivalents and restricted cash at the end of the period stood at $342.7 million, up from $242.0 million at the end of the prior year period.

Outlook / Guidance

Rush Street Interactive, Inc. is raising its Revenue and Adjusted EBITDA guidance for the full year ending December 31, 2026. Full year 2026 revenue is now expected to be between $1,560 million and $1,600 million, representing year-over-year growth of 38% to 41%. Adjusted EBITDA for full year 2026 is projected to be in the range of $245 million and $265 million, indicating year-over-year growth of 59% to 72%.