The company has achieved a pristine capital structure with zero debt as of 2026Q1, supported by a total equity base that has expanded to $159.1 million.
| Total Current Assets | 415.16M | 406.79M | 285.05M | 228.62M | 264.47M | 341.75M | 294.48M | 17.2M | 5.02M |
| Cash & Short-Term Investments | 330.56M | 340.5M | 229.17M | 168.33M | 206.08M | 281.03M | 255.62M | 10.54M | 1.46M |
| Cash Only | 330.56M | 340.5M | 229.17M | 168.33M | 206.08M | 281.03M | 255.62M | 10.54M | 1.46M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 132.14M | 35.81M | 33.12M | 43.99M | 47.08M | 33.99M | 29.54M | 4.99M | 107K |
| Days Sales Outstanding | 17.95 | 11.52 | 13.08 | 23.23 | 29.02 | 25.42 | 38.72 | 28.58 | 2.14 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - |
| Other Current Assets | -47.54M | 20.98M | 22.75M | 16.3M | 11.31M | 19.3M | 6.44M | 1.67M | 3.45M |
| Total Non-Current Assets | 262.13M | 251.72M | 94.42M | 89.97M | 85.88M | 66.98M | 14.08M | 8.29M | 3.14M |
| Property, Plant & Equipment | 9.87M | 10.8M | 9.66M | 9.89M | 11.62M | 8.79M | 3.12M | 581K | 252K |
| Fixed Asset Turnover | 114.70x | 105.08x | 95.68x | 69.91x | 50.98x | 55.50x | 89.38x | 109.58x | 72.33x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 78.4M | 76.44M | 77.35M | 74.87M | 69.03M | 53.38M | 9.75M | 6.96M | 2.64M |
| Long-Term Investments | 2M | 2M | 2M | 2M | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 6.57M | 4.63M | 5.42M | 3.2M | 5.23M | 4.81M | 1.22M | 753K | 251K |
| Total Assets | 677.28M | 658.51M | 379.47M | 318.58M | 350.35M | 408.73M | 308.56M | 25.49M | 8.16M |
| Asset Turnover | 2.01x | 1.72x | 2.44x | 2.17x | 1.69x | 1.19x | 0.90x | 2.50x | 2.23x |
| Asset Growth % | 271.49% | 73.54% | 19.11% | -9.07% | -14.28% | 32.46% | 1110.37% | 212.22% | - |
| Total Current Liabilities | 212.04M | 210.27M | 163.13M | 137.69M | 143.94M | 83.93M | 400.99M | 26.08M | 9.84M |
| Accounts Payable | 42.74M | 41.59M | 25.8M | 32.35M | 29.8M | 6.5M | 11.99M | 707K | 578K |
| Days Payables Outstanding | 15.57 | 20.47 | 15.64 | 25.39 | 26.23 | 7.14 | 22.94 | 7.85 | 19.7 |
| Short-Term Debt | 0 | 4.26M | 0 | 621K | 722K | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 11.69M | 11.69M | 0 | 1.71M | 7.84M | 1.42M | 195K | 0 | 0 |
| Other Current Liabilities | 169.29M | 123.21M | 64.87M | 56.26M | 93.98M | 33.26M | 363.48M | 24.67M | 9.26M |
| Current Ratio | 1.96x | 1.93x | 1.75x | 1.66x | 1.84x | 4.07x | 0.73x | 0.66x | 0.51x |
| Quick Ratio | 1.96x | 1.93x | 1.75x | 1.66x | 1.84x | 4.07x | 0.73x | 0.66x | 0.51x |
| Cash Conversion Cycle | 2.38 | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 146.69M | 144.75M | 18.02M | 14.76M | 15.53M | 17.1M | 174.9M | 2.78M | 0 |
| Long-Term Debt | 0 | 10.49M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 11.42M | 3.71M | 2.67M | 2.16M | 1.18M | 1.15M | 979K | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 146.69M | 130.54M | 15.35M | 201K | 244K | 315K | 170.11M | 0 | 0 |
| Total Liabilities | 358.73M | 355.02M | 181.15M | 152.45M | 159.47M | 101.03M | 575.89M | 28.86M | 9.84M |
| Total Debt | 0 | 18.46M | 4.64M | 4.13M | 1.9M | 1.66M | 1.21M | 0 | 0 |
| Net Debt | -330.56M | -322.04M | -224.53M | -164.2M | -204.18M | -279.37M | -254.42M | -10.54M | -1.46M |
| Debt / Equity | 0.00x | 0.06x | 0.02x | 0.02x | 0.01x | 0.01x | - | - | - |
| Debt / EBITDA | 0.00x | 0.14x | 0.08x | - | - | - | - | - | - |
| Net Debt / EBITDA | -2.11x | -2.53x | -3.97x | - | - | - | - | - | - |
| Interest Coverage | - | - | 25.40x | - | -217.80x | -504.17x | -952.53x | -181.52x | - |
| Total Equity | 318.56M | 303.49M | 198.32M | 166.13M | 190.87M | 307.7M | -267.33M | -3.37M | -2.54M |
| Equity Growth % | 203.03% | 53.03% | 19.37% | -12.96% | -37.97% | 215.1% | -7837.32% | -32.65% | - |
| Book Value per Share | 2.98 | 1.29 | 2.24 | 2.42 | 3.00 | 5.36 | -5.12 | -0.12 | -0.09 |
| Total Shareholders' Equity | 159.13M | 147.24M | 78.68M | 53.77M | 56.05M | 85.44M | -61.78M | -3.37M | -2.54M |
| Common Stock | 10K | 23K | 22K | 22K | 22K | 22K | 20K | 0 | 26.99M |
| Retained Earnings | -93.55M | -102.62M | -135.93M | -138.32M | -120.01M | -81.38M | -61.89M | -3.37M | -29.39M |
| Treasury Stock | 0 | -3.18M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 2.3M | 1.43M | -3.09M | -100K | -1.65M | -475K | 93K | 0 | -132K |
| Minority Interest | 159.43M | 156.26M | 119.64M | 112.36M | 134.83M | 222.26M | -205.55M | 0 | 0 |
Regulatory tax rate volatility
As reported in recent financial statements, RSI has successfully expanded its total equity from $53.8 million in 2023Q4 to $159.1 million by 2026Q1, signaling a fundamental shift toward a self-sustaining capital structure as the company moves past its initial high-growth investment phase.
The consistent reduction in accumulated deficits, reflected in the narrowing of negative retained earnings, suggests that the company is effectively converting operational scale into tangible balance sheet strength. This trajectory implies that the business model is maturing, reducing the reliance on external financing to fund ongoing operations.
Based on the company's reported figures, RSI maintains a current ratio of 1.96 as of 2026Q1, supported by a cash position of $330.6 million, which provides a substantial buffer against potential regulatory shocks or shifts in the competitive promotional environment.
The liquidity profile appears well-positioned to handle the inherent volatility of the gaming industry, particularly given the absence of significant near-term debt obligations. This cash-heavy position suggests management retains the flexibility to pursue strategic opportunities or navigate potential tax-related margin compression without compromising operational stability.
According to the latest balance sheet data, RSI has effectively eliminated its debt burden, with the debt-to-equity ratio falling to zero in 2026Q1, a stark contrast to the highly levered capital structures often observed among its primary industry peers.
This debt-free status suggests a conservative approach to capital allocation that insulates the company from interest rate volatility and credit market tightening. Investors should interpret this as a strategic advantage, as it allows the firm to prioritize reinvestment in proprietary technology and market expansion over debt service requirements.
As indicated by the financial filings, RSI maintains a lean asset base with net PPE of only $9.9 million in 2026Q1, confirming an asset-light business model that relies on proprietary platform architecture rather than heavy physical infrastructure to drive revenue growth.
The concentration of assets in intangible categories, including $78.4 million in goodwill, warrants monitoring for potential impairment risks should market conditions in acquired territories deteriorate. However, the current asset mix appears optimized for a digital-first strategy, minimizing the maintenance capital requirements that typically weigh on traditional gaming operators.
Quick answers to the most common questions about buying RSI stock.
As of 2025, Rush Street Interactive, Inc. (RSI) had total assets of $658.5M including $406.8M in current assets.
Rush Street Interactive, Inc. (RSI) carries total debt of $18.5M, offset by $340.5M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Rush Street Interactive, Inc. (RSI) has total shareholders' equity (book value) of $147.2M ($1.29 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Rush Street Interactive, Inc. (RSI) reported a current ratio of 1.93x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.