Rush Street Interactive (RSI)


Market Price (7/29/2026): $30.68 | Market Cap: $3.1 BilSector: Consumer Discretionary | Industry: Casinos & Gaming

Rush Street Interactive (RSI)


Market Price (7/29/2026): $30.68
Market Cap: $3.1 Bil
Sector: Consumer Discretionary
Industry: Casinos & Gaming

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -10%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 28%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%

Megatrend and thematic drivers
Megatrends include Markets & Betting, Digital Content & Streaming, and Fintech & Digital Payments. Themes include Prediction Markets, Show more.

Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 85x

Stock price has recently run up significantly
12M Rtn12 month market price return is 101%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.1%

Key risks
RSI key risks include [1] its premium valuation, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -10%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 28%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%
3 Megatrend and thematic drivers
Megatrends include Markets & Betting, Digital Content & Streaming, and Fintech & Digital Payments. Themes include Prediction Markets, Show more.
4 Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 85x
5 Stock price has recently run up significantly
12M Rtn12 month market price return is 101%
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.1%
7 Key risks
RSI key risks include [1] its premium valuation, Show more.

RSI in ETFs

Weight = RSI's share of each fund

VTI0.00%
ITOT0.00%
IWM0.10%
IJR0.18%
VB0.04%
IJT0.38%
SLYG0.37%
IWO0.20%
+7 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 7/22/2026

Rush Street Interactive (RSI) stock has gained about 40% since 3/31/2026 because of the following key factors:

1. Rush Street Interactive (RSI) significantly exceeded expectations in its fiscal Q1 2026 earnings report, released on April 28, 2026, and concurrently raised its full-year guidance. The company reported a record quarterly revenue of $370.4 million, marking a 41% year-over-year increase and surpassing analyst forecasts by 12.1%. Earnings per share (EPS) of $0.14 also beat estimates by 27.27%. Furthermore, adjusted EBITDA surged 81% year-over-year to $60.2 million. Following this strong performance, RSI raised its full-year 2026 revenue guidance to a range of $1.49 billion to $1.54 billion, representing 31% to 36% growth, and its adjusted EBITDA guidance to $230 million to $250 million, indicating 50% to 63% growth. This robust financial outperformance and optimistic outlook were core drivers of the stock's appreciation.

2. The company demonstrated strong user growth and improved operational efficiency during the period. Rush Street Interactive achieved substantial growth in its Monthly Active Users (MAUs), reaching approximately 839,000, an increase of 51% year-over-year. Notably, North American casino MAU growth was particularly strong at 62%. This user expansion was accompanied by enhanced operational efficiency, reflected in an 80 basis point improvement in gross margins to 35.7% and a significant 81% year-over-year increase in adjusted EBITDA.

Show more
Updated on 7/22/2026

Rush Street Interactive (RSI) stock has gained about 40% since 3/31/2026 because of the following key factors:

1. Rush Street Interactive (RSI) significantly exceeded expectations in its fiscal Q1 2026 earnings report, released on April 28, 2026, and concurrently raised its full-year guidance. The company reported a record quarterly revenue of $370.4 million, marking a 41% year-over-year increase and surpassing analyst forecasts by 12.1%. Earnings per share (EPS) of $0.14 also beat estimates by 27.27%. Furthermore, adjusted EBITDA surged 81% year-over-year to $60.2 million. Following this strong performance, RSI raised its full-year 2026 revenue guidance to a range of $1.49 billion to $1.54 billion, representing 31% to 36% growth, and its adjusted EBITDA guidance to $230 million to $250 million, indicating 50% to 63% growth. This robust financial outperformance and optimistic outlook were core drivers of the stock's appreciation.

2. The company demonstrated strong user growth and improved operational efficiency during the period. Rush Street Interactive achieved substantial growth in its Monthly Active Users (MAUs), reaching approximately 839,000, an increase of 51% year-over-year. Notably, North American casino MAU growth was particularly strong at 62%. This user expansion was accompanied by enhanced operational efficiency, reflected in an 80 basis point improvement in gross margins to 35.7% and a significant 81% year-over-year increase in adjusted EBITDA.

3. RSI expanded its market reach with the launch of its BetRivers platform in Alberta, Canada, in July 2026. This new market entry for BetRivers online casino and sportsbook provides a fresh avenue for growth in a regulated jurisdiction, diversifying RSI's revenue streams and tapping into new player bases in North America.

4. Despite notable insider selling, the company's initiation of a new $100 million share repurchase program likely instilled investor confidence. Several key executives engaged in significant insider sales during the period; for example, Executive Chairman Neil Bluhm sold shares worth an estimated $262.38 million, CEO Richard Todd Schwartz sold shares valued at approximately $53.67 million, and COO Mattias Stetz sold shares totaling about $11.27 million, all within the past six months as of July 8, 2026. However, concurrently with a secondary offering where some insiders sold shares, RSI announced a new $100 million share repurchase program and repurchased 1,153,846 shares from the underwriters, signaling management's belief in the company's valuation and a commitment to shareholder value.

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Stock Movement Drivers

Fundamental Drivers

The 41.1% change in RSI stock from 3/31/2026 to 7/28/2026 was primarily driven by a 32.0% change in the company's P/E Multiple.
(LTM values as of)33120267282026Change
Stock Price ($)21.7530.6941.1%
Change Contribution By: 
Total Revenues ($ Mil)1,1341,2429.5%
Net Income Margin (%)2.9%3.0%1.6%
P/E Multiple64.184.632.0%
Shares Outstanding (Mil)98102-4.0%
Cumulative Contribution41.1%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 7/28/2026
ReturnCorrelation
RSI41.1% 
Market (SPY)13.9%-2.9%
Sector (XLY)3.2%0.9%

Fundamental Drivers

The 58.0% change in RSI stock from 12/31/2025 to 7/28/2026 was primarily driven by a 36.2% change in the company's P/E Multiple.
(LTM values as of)123120257282026Change
Stock Price ($)19.4330.6958.0%
Change Contribution By: 
Total Revenues ($ Mil)1,0641,24216.8%
Net Income Margin (%)2.8%3.0%5.5%
P/E Multiple62.184.636.2%
Shares Outstanding (Mil)96102-5.8%
Cumulative Contribution58.0%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 7/28/2026
ReturnCorrelation
RSI58.0% 
Market (SPY)8.9%18.5%
Sector (XLY)-5.6%16.7%

Fundamental Drivers

The 106.0% change in RSI stock from 6/30/2025 to 7/28/2026 was primarily driven by a 242.7% change in the company's Net Income Margin (%).
(LTM values as of)63020257282026Change
Stock Price ($)14.9030.69106.0%
Change Contribution By: 
Total Revenues ($ Mil)9691,24228.2%
Net Income Margin (%)0.9%3.0%242.7%
P/E Multiple165.884.6-49.0%
Shares Outstanding (Mil)94102-8.2%
Cumulative Contribution106.0%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2025 to 7/28/2026
ReturnCorrelation
RSI106.0% 
Market (SPY)20.9%17.8%
Sector (XLY)4.1%16.3%

Fundamental Drivers

The 883.7% change in RSI stock from 6/30/2023 to 7/28/2026 was primarily driven by a 668.2% change in the company's P/S Multiple.
(LTM values as of)63020237282026Change
Stock Price ($)3.1230.69883.7%
Change Contribution By: 
Total Revenues ($ Mil)6201,242100.5%
P/S Multiple0.32.5668.2%
Shares Outstanding (Mil)65102-36.1%
Cumulative Contribution883.7%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2023 to 7/28/2026
ReturnCorrelation
RSI883.7% 
Market (SPY)73.0%36.8%
Sector (XLY)35.5%34.0%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
RSI Return-24%-78%25%206%42%63%46%
Peers Return-7%-39%55%-5%-15%4%-27%
S&P 500 Return27%-19%24%23%16%8%97%

Monthly Win Rates [3]
RSI Win Rate33%33%58%67%67%71% 
Peers Win Rate45%33%55%47%62%57% 
S&P 500 Win Rate75%42%67%75%67%43% 

Max Drawdowns [4]
RSI Max Drawdown-61%-82%-39%-18%-42%-20% 
Peers Max Drawdown-46%-54%-33%-33%-43%-33% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: DKNG, FLUT, MGM, CZR, PENN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/28/2026 (YTD)

How Low Can It Go

EventRSIS&P 500
2025 US Tariff Shock
  % Loss-37.5%-18.8%
  % Gain to Breakeven60.1%23.1%
  Time to Breakeven118 days79 days
2023 SVB Regional Banking Crisis
  % Loss-28.8%-6.7%
  % Gain to Breakeven40.5%7.1%
  Time to Breakeven120 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-79.1%-24.5%
  % Gain to Breakeven379.2%32.4%
  Time to Breakeven854 days427 days

Compare to DKNG, FLUT, MGM, CZR, PENN

In The Past

Rush Street Interactive's stock fell -37.5% during the 2025 US Tariff Shock. Such a loss loss requires a 60.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventRSIS&P 500
2025 US Tariff Shock
  % Loss-37.5%-18.8%
  % Gain to Breakeven60.1%23.1%
  Time to Breakeven118 days79 days
2023 SVB Regional Banking Crisis
  % Loss-28.8%-6.7%
  % Gain to Breakeven40.5%7.1%
  Time to Breakeven120 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-79.1%-24.5%
  % Gain to Breakeven379.2%32.4%
  Time to Breakeven854 days427 days

Compare to DKNG, FLUT, MGM, CZR, PENN

In The Past

Rush Street Interactive's stock fell -37.5% during the 2025 US Tariff Shock. Such a loss loss requires a 60.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Rush Street Interactive (RSI)

Rush Street Interactive (RSI) is an online gaming company focused on real-money online casino and sports betting operations. The company offers a comprehensive suite of services that include online casinos, online sportsbooks, and even supports retail sports betting. Its platforms provide a full range of traditional casino games such as table games and slot machines, alongside social gaming options, effectively bringing the brick-and-mortar casino experience to digital users.

RSI primarily serves customers across the United States and Latin America. The company markets its online casino and sports betting products under established brands, including BetRivers.com and PlaySugarHouse.com for its North American presence, and RushBet.co specifically targeting the Latin American market.

AI Analysis | Feedback

Here is a brief analogy to describe Rush Street Interactive:

  • It's like DraftKings or FanDuel for online casino games and sports betting.

AI Analysis | Feedback

  • Online Casino Services: Provides real-money online casino games, including a full suite of table games and slot machines.
  • Online Sports Betting Services: Offers online platforms for users to place real-money wagers on sports events.
  • Retail Sports Betting Services: Delivers in-person sports wagering opportunities at physical locations.
  • Social Gaming Services: Provides free-to-play gaming experiences for entertainment and user engagement.

AI Analysis | Feedback

Rush Street Interactive (RSI) primarily sells its services directly to individuals.

The company serves the following categories of customers:

  1. Online Casino Players: Individuals who participate in real-money online casino games such as slots, table games, and live dealer games through RSI's platforms like BetRivers.com, PlaySugarHouse.com, and RushBet.co.
  2. Online Sports Bettors: Individuals who place real-money wagers on various sports events using RSI's online sports betting services.
  3. Social Gaming Users: Individuals who engage with the company's social gaming offerings, which may involve virtual currency or free-to-play options, often serving as an entry point or complementary experience to their real-money services.

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Richard Schwartz, Chief Executive Officer

Richard Schwartz is a co-founder of Rush Street Interactive (RSI), having established the company in 2012. He served as President from its inception until August 2021, when he was appointed Chief Executive Officer. Prior to co-founding RSI, Mr. Schwartz started and led the interactive business for WMS Industries (WMS Gaming Inc.), where he launched the award-winning UK online casino, Jackpot Party, in 2010. His earlier career includes various leadership roles at WMS Gaming from 2002 to 2012, encompassing intellectual property and corporate development. Mr. Schwartz also held an executive position at Telecom Italia Lab USA and worked as an intellectual property attorney in Silicon Valley. He is recognized as an inventor on over 50 patents related to gaming and user behavior.

Kyle Sauers, President and Chief Financial Officer

Kyle Sauers has served as Chief Financial Officer of Rush Street Interactive since October 2020 and was promoted to President in October 2025, while retaining his CFO responsibilities. Before joining RSI, Mr. Sauers was the Chief Financial Officer of Echo Global Logistics ("Echo") from 2013 to 2020, and previously served as its Senior Vice President of Finance and Controller from 2011 to 2013. During his tenure at Echo, the company experienced significant growth, completed 13 acquisitions, and raised over $400 million through public equity and debt offerings. Earlier in his career, Mr. Sauers was the General Manager of Varian Medical Systems' Security & Inspection Products Division. He also served as Chief Financial Officer and a board member of Bio-Imaging Research ("BIR"), which was later acquired by Varian Medical Systems. Mr. Sauers spent eight years as Chief Financial Officer at Sphere Communications, a VoIP software technology company, and began his career in audit at Arthur Andersen LLP.

Neil Bluhm, Executive Chairman

Neil Bluhm has been the Executive Chairman of Rush Street Interactive since April 2021, having served as Chairman since 2012. He is a co-founder of Rush Street Gaming, LLC ("RSG"), serving as its Managing Member since 2009. Mr. Bluhm also co-founded JMB Realty Corp., a real estate investment firm. In 1994, he co-founded Walton Street Capital, a private equity firm, where he has been a Principal since 1995.

Mattias Stetz, Chief Operating Officer

Mattias Stetz has been the Chief Operating Officer of Rush Street Interactive since April 2016, overseeing the company's marketing, operations, and Latin American business. Prior to joining RSI, he held several senior positions at Kindred Group plc (formerly Unibet (London) Ltd) from 2004 to 2016, including Chief Commercial Officer from 2009 to 2016.

Paul Wierbicki, Chief Legal Officer and General Counsel

Paul Wierbicki has served as Rush Street Interactive's General Counsel and Chief Legal Officer since July 2021 and is also a member of the company's board of directors. He has been the General Counsel of LAMB since June 2015. Before LAMB, he was Senior Counsel, Business and Legal at AbbVie Inc. from March 2014 to May 2015, and a Partner at Kirkland & Ellis LLP, specializing in restructuring and debt finance, from October 2011 to February 2014.

AI Analysis | Feedback

The key risks to Rush Street Interactive (RSI) primarily stem from the highly dynamic and regulated online gambling industry. *

Regulatory Challenges and Volatility

Rush Street Interactive operates in a heavily regulated industry where laws and regulations are constantly evolving and often unsettled. This regulatory volatility, particularly in its core growth markets in Latin America, poses a significant external risk. Changes in legal frameworks or adverse regulatory actions, such as the temporary 19% VAT on deposits in Colombia, can directly impact the company's business operations and profitability. The need to navigate diverse tax laws and potential liabilities across its international presence adds further complexity to its operations. *

Intense Competition

The online gaming and sports betting industry is characterized by intense competition, with numerous operators vying for market share. Rush Street Interactive faces stiff competition from larger rivals and established online-first companies like Flutter Entertainment (FanDuel, PokerStars), DraftKings, BetMGM, Bet365, and Fanatics (PointsBet), as well as traditional casino operators expanding into the online space. This competitive landscape necessitates continuous innovation and highly efficient marketing strategies to attract and retain customers. *

Historical Losses and Profitability Challenges

Despite recent strides towards profitability, including a reported net income in Q1 2025, Rush Street Interactive has a history of losses, which raises concerns about its long-term financial stability. Some analyses indicate that the company has experienced "underwhelming revenue growth" and challenges in generating "meaningful free cash flow," with a "suboptimal cost structure" affecting overall profitability. Sustaining consistent profitability and maintaining strong financial health remains a key challenge for the company.

AI Analysis | Feedback

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AI Analysis | Feedback

The addressable markets for Rush Street Interactive's main products and services are detailed below:

United States

  • Online Casino: The U.S. online casino market was valued at approximately $11.68 billion based on a five-year historical analysis. More recently, it was estimated at $12.68 billion in 2024 and is projected to grow to $22.8 billion by 2034.
  • Online and Retail Sports Betting: The U.S. online sports betting market was valued at $14 billion in 2023 and is projected to reach $33 billion by 2032. Americans are projected to wager between $160 billion and $170 billion legally in 2025, with total sports betting revenues expected to surpass $10 billion in 2023. Another estimate places the U.S. sports betting market at nearly $5.66 billion in 2025, growing to $13.32 billion in 2032.
  • Social Gaming: The U.S. social gaming market was valued at $12.1 billion in 2024. The broader social gaming market was valued at $29.48 billion in 2023 and is expected to reach $110.74 billion by 2032, with North America holding approximately 40% of the global revenue share in 2023.

Latin America

  • Online Casino: The online casino market in Latin America generated $799.1 million in 2024 and is expected to reach $1,309.5 million by 2030.
  • Online and Retail Sports Betting: The Latin America sports betting market generated revenues of $4,219.3 million in 2024 and is expected to reach $6,458.2 million by 2030. The Latin American sports betting market is expected to be worth $54 billion by 2026.
  • Social Gaming: The overall gaming market in Latin America, which includes social gaming, generated $9,244.7 million in revenue in 2024 and is expected to reach $16,119.1 million by 2030. In 2023, the Latin American gaming market had a total revenue of $8.7 billion.

Rush Street Interactive itself reported an expected total addressable market (TAM) of $145 billion, with $109.8 billion in the U.S. and $28.9 billion in Latin America by the end of 2028.

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Expected Revenue Growth Drivers for Rush Street Interactive (RSI) Over the Next 2-3 Years

Rush Street Interactive (NYSE: RSI) is poised for future revenue growth over the next 2-3 years, driven by several strategic initiatives and market tailwinds, as indicated by recent earnings reports, forward guidance, and analyst commentary.

1. Expansion into New Regulated Markets

RSI is actively pursuing geographical expansion, targeting new regulated online casino and sports betting markets across North and Latin America. In North America, the company anticipates launching its services in Alberta, Canada, which is considered a significant opportunity. Furthermore, RSI has expanded into Delaware with its BetRivers brand, and management sees potential for additional U.S. states to legalize online casinos, offering further growth avenues. In Latin America, RSI has identified Brazil as a key target for its RushBet brand, alongside other countries such as Ecuador, Argentina, Chile, and El Salvador. The company is already live in Colombia, Mexico, and recently launched in Peru, leveraging these established operations for broader regional growth within a rapidly expanding online gambling market in Latin America.

2. Continued Growth in North American Online Casino Markets through a "Casino-First" Strategy

A core driver of RSI's future revenue is its "casino-first strategy," which emphasizes the growth of its online casino offerings in North America. This strategy has already demonstrated strong performance, with Monthly Active Users (MAUs) in North American online casino markets increasing by an impressive 51% in the fourth quarter of 2025. The company plans to increase investments in developing differentiated casino content and actively supports online casino legalization efforts in 2026, aiming to solidify its position and attract more users in these high-value markets. Online casino revenues grew 30% in Q4 2025 and 28% for the full year 2025, underscoring the success of this approach.

3. Leveraging Latin American Market Growth and an Improved Tax Environment in Colombia

Rush Street Interactive is well-positioned to capitalize on the robust growth of the online gambling market in Latin America. Despite prior tax challenges, RSI achieved 66% annual Gross Gaming Revenue (GGR) growth in Colombia in 2025. The anticipated lapse of a restrictive VAT tax in Colombia is expected to have beneficial impacts, and while 2026 guidance accounts for a new 19% tax on revenue, any further regulatory relief could provide upside to current forecasts. The market share gains secured in Colombia during 2025 are expected to contribute to strong sustained growth across the entire Latin American region, where MAUs increased by 47% year-over-year in Q4 2025.

4. Enhanced Customer Acquisition and Retention Strategies

RSI's focus on refining its customer acquisition and retention strategies is a significant driver of sustained revenue growth. The company reported record numbers of first-time depositors in each of the last three quarters of 2025, indicating effective customer onboarding. Overall, Monthly Active Users (MAUs) saw substantial increases, with North America growing by 37% and Latin America by 47% in Q4 2025. These gains are attributed to systematic improvements across various aspects of their business, including customer acquisition and retention, demonstrating an ability to grow its player base effectively and efficiently.

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Share Repurchases

  • Rush Street Interactive authorized a $50.0 million share repurchase program in the third quarter of 2024.
  • The company repurchased $2.5 million of Class A common stock under this program during the second quarter of 2025.
  • As of the fourth quarter of 2025, approximately $42 million remained available under the current share repurchase authorization.

Share Issuance

  • Rush Street Interactive's shares outstanding significantly increased from 59.58 million in 2021 to 96.22 million by the end of 2025, indicating substantial share issuance over this period.

Capital Expenditures

  • Capital expenditures amounted to a modest $177,000 in the fourth quarter of 2025.
  • In 2024, the company invested $24.4 million in internally developed software aimed at enhancing its online gaming platform and supporting growth in existing and new markets.
  • Rush Street Interactive anticipates an increase in future capital expenditures, primarily for further investments in its online gaming platform and personnel to support continued growth and expansion into new markets, particularly in North America and Latin America.

Better Bets vs. Rush Street Interactive (RSI)

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Peer Comparisons

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Financials

RSIDKNGFLUTMGMCZRPENNMedian
NameRush Str.DraftKin.Flutter .MGM Reso.Caesars .PENN Ent. 
Mkt Price30.6924.62109.0646.2029.9521.0830.32
Mkt Cap3.112.219.211.86.12.89.0
Rev LTM1,2426,29217,02217,71511,5627,0689,315
Op Inc LTM115364091,2312,092326368
FCF LTM1215694721,555492-66482
FCF 3Y Avg712756711,427288-114282
CFO LTM1567331,3262,5501,2885891,011
CFO 3Y Avg1034111,3672,4821,405433900

Growth & Margins

RSIDKNGFLUTMGMCZRPENNMedian
NameRush Str.DraftKin.Flutter .MGM Reso.Caesars .PENN Ent. 
Rev Chg LTM28.2%25.8%18.9%3.4%2.3%6.4%12.6%
Rev Chg 3Y Avg26.2%35.2%-8.0%0.6%2.9%8.0%
Rev Chg Q41.1%16.8%17.4%4.2%2.7%6.4%11.6%
QoQ Delta Rev Chg LTM9.5%3.9%3.9%1.0%0.7%1.5%2.7%
Op Inc Chg LTM199.9%107.0%-57.7%-22.2%-8.0%44.4%18.2%
Op Inc Chg 3Y Avg169.4%57.4%-61.0%-6.1%5.5%57.4%
Op Mgn LTM9.3%0.6%2.4%6.9%18.1%4.6%5.8%
Op Mgn 3Y Avg3.2%-7.7%1.9%8.7%19.8%3.4%3.3%
QoQ Delta Op Mgn LTM1.6%0.8%-1.0%-0.7%0.0%0.7%0.4%
CFO/Rev LTM12.6%11.7%7.8%14.4%11.1%8.3%11.4%
CFO/Rev 3Y Avg10.0%7.4%9.6%14.5%12.3%6.4%9.8%
FCF/Rev LTM9.8%9.0%2.8%8.8%4.3%-0.9%6.5%
FCF/Rev 3Y Avg6.6%4.7%4.8%8.3%2.5%-1.7%4.8%

Valuation

RSIDKNGFLUTMGMCZRPENNMedian
NameRush Str.DraftKin.Flutter .MGM Reso.Caesars .PENN Ent. 
Mkt Cap3.112.219.211.86.12.89.0
P/S2.51.91.10.70.50.40.9
P/Op Inc27.2334.746.99.62.98.618.4
P/EBIT27.2180.946.918.83.2-4.923.0
P/E84.6207.5-38.764.9-12.6-2.931.0
P/CFO20.116.614.54.64.74.89.6
Total Yield1.2%0.5%-2.6%1.5%-7.9%-34.0%-1.1%
Dividend Yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg3.9%1.9%2.1%11.8%4.0%-4.0%3.0%
D/E0.00.20.72.64.14.01.7
Net D/E-0.10.10.52.53.93.71.5

Returns

RSIDKNGFLUTMGMCZRPENNMedian
NameRush Str.DraftKin.Flutter .MGM Reso.Caesars .PENN Ent. 
1M Rtn-2.8%-4.2%4.7%-6.1%-0.8%-3.7%-3.2%
3M Rtn27.9%5.2%-0.0%16.3%9.7%17.1%13.0%
6M Rtn79.6%-18.2%-35.1%38.0%38.8%53.4%38.4%
12M Rtn101.0%-44.4%-64.4%19.8%1.8%11.8%6.8%
3Y Rtn711.9%-24.0%-44.6%-9.2%-48.3%-16.0%-20.0%
1M Excs Rtn-3.8%-5.2%3.7%-7.1%-1.8%-4.7%-4.2%
3M Excs Rtn22.8%1.1%-5.2%10.4%3.3%14.7%6.8%
6M Excs Rtn72.7%-26.4%-44.5%28.6%27.0%42.3%27.8%
12M Excs Rtn85.4%-61.4%-80.5%3.9%-15.0%-6.7%-10.8%
3Y Excs Rtn749.6%-84.5%-108.5%-70.7%-111.9%-83.9%-84.2%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Online gaming and retail sports betting business activities1,134924691  
Online casino and online sports betting   577480
Retail sports betting   124
Social gaming   44
Total1,134924691592488


Net Income by Segment
$ Mil202520242023
Online gaming and retail sports betting business activities747-60
Total747-60


Price Behavior

Price Behavior
Market Price$30.69 
Market Cap ($ Bil)3.1 
First Trading Date04/15/2020 
Distance from 52W High-11.1% 
   50 Days200 Days
DMA Price$29.37$22.35
DMA Trendupup
Distance from DMA4.5%37.3%
 3M1YR
Volatility54.7%53.5%
Downside Capture-204.06-40.10
Upside Capture-48.4550.56
Correlation (SPY)-5.1%18.1%
RSI Betas & Captures as of 6/30/2026

 1M2M3M6M1Y3Y
Beta0.16-0.160.170.760.811.39
Up Beta-0.02-0.070.790.821.311.14
Down Beta1.431.161.922.101.931.64
Up Capture78%-34%27%67%52%806%
Bmk +ve Days11244067140429
Stock +ve Days13213664126398
Down Capture-108%-108%-233%-25%-40%103%
Bmk -ve Days10172358112321
Stock -ve Days7192658117337

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with RSI
RSI102.2%53.4%1.49-
Sector ETF (XLY)0.6%19.3%-0.0916.7%
Equity (SPY)17.3%12.7%0.9917.8%
Gold (GLD)20.2%28.1%0.640.3%
Commodities (DBC)29.1%19.5%1.192.5%
Real Estate (VNQ)14.4%14.1%0.7214.0%
Bitcoin (BTCUSD)-46.4%42.9%-1.3313.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with RSI
RSI24.7%62.0%0.60-
Sector ETF (XLY)5.5%24.0%0.1946.5%
Equity (SPY)12.9%17.1%0.5845.8%
Gold (GLD)16.9%18.4%0.740.4%
Commodities (DBC)9.1%19.5%0.368.2%
Real Estate (VNQ)2.9%18.9%0.0533.8%
Bitcoin (BTCUSD)16.2%53.4%0.4825.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with RSI
RSI11.3%62.1%0.54-
Sector ETF (XLY)11.9%22.1%0.4944.0%
Equity (SPY)14.9%17.9%0.7142.3%
Gold (GLD)11.3%16.1%0.571.7%
Commodities (DBC)6.8%18.0%0.3010.1%
Real Estate (VNQ)5.2%20.7%0.2130.2%
Bitcoin (BTCUSD)57.5%66.2%0.9823.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date7152026
Short Interest: Shares Quantity9.5 Mil
Short Interest: % Change Since 6302026-12.7%
Average Daily Volume2.2 Mil
Days-to-Cover Short Interest4.3 days
Basic Shares Quantity102.2 Mil
Short % of Basic Shares9.3%

Earnings Returns History

Updated 6/2/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/28/202616.6%21.5%9.9%
2/17/20267.3%11.1%20.8%
10/29/2025-6.7%-8.5%1.6%
7/30/202525.5%21.9%39.0%
4/30/2025-5.6%-3.5%4.6%
2/26/2025-15.3%-12.3%-17.4%
10/30/20240.6%0.7%34.0%
7/31/20247.6%-4.3%-9.0%
...
SUMMARY STATS   
# Positive111313
# Negative1199
Median Positive13.1%11.1%20.8%
Median Negative-4.8%-12.3%-14.9%
Max Positive25.5%29.9%39.4%
Max Negative-20.0%-19.8%-28.4%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/28/202616.6%21.5%9.9%
2/17/20267.3%11.1%20.8%
10/29/2025-6.7%-8.5%1.6%
7/30/202525.5%21.9%39.0%
4/30/2025-5.6%-3.5%4.6%
2/26/2025-15.3%-12.3%-17.4%
10/30/20240.6%0.7%34.0%
7/31/20247.6%-4.3%-9.0%
5/1/202417.6%29.9%39.4%
3/6/202416.1%10.0%30.4%
11/1/20236.2%24.9%24.6%
8/2/202319.9%7.8%24.0%
5/3/2023-1.3%0.3%0.9%
3/1/2023-9.9%-15.0%-27.0%
11/2/2022-4.5%-11.9%-12.6%
8/4/2022-4.8%1.1%-20.4%
5/4/2022-0.7%-19.7%-14.9%
3/2/2022-20.0%-19.8%-28.4%
11/10/20217.3%13.9%-9.8%
8/12/2021-1.6%-16.8%15.7%
5/13/2021-2.9%1.7%9.9%
3/10/202113.1%21.2%-6.9%
SUMMARY STATS   
# Positive111313
# Negative1199
Median Positive13.1%11.1%20.8%
Median Negative-4.8%-12.3%-14.9%
Max Positive25.5%29.9%39.4%
Max Negative-20.0%-19.8%-28.4%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202604/29/202610-Q
12/31/202502/18/202610-K
09/30/202510/30/202510-Q
06/30/202507/31/202510-Q
03/31/202505/01/202510-Q
12/31/202402/28/202510-K
09/30/202410/31/202410-Q
06/30/202408/01/202410-Q
03/31/202405/02/202410-Q
12/31/202303/07/202410-K
09/30/202311/02/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202203/02/202310-K
09/30/202211/03/202210-Q
06/30/202208/05/202210-Q
Collapse to Preview
Report DateFiling DateFiling
03/31/202604/29/202610-Q
12/31/202502/18/202610-K
09/30/202510/30/202510-Q
06/30/202507/31/202510-Q
03/31/202505/01/202510-Q
12/31/202402/28/202510-K
09/30/202410/31/202410-Q
06/30/202408/01/202410-Q
03/31/202405/02/202410-Q
12/31/202303/07/202410-K
09/30/202311/02/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202203/02/202310-K
09/30/202211/03/202210-Q
06/30/202208/05/202210-Q
03/31/202205/06/202210-Q
12/31/202103/07/202210-K
09/30/202111/12/202110-Q
06/30/202108/13/202110-Q
03/31/202105/14/202110-Q
12/31/202003/25/202110-K
12/31/201905/07/202110-K/A

Recent Forward Guidance

Updated 7/12/2026

Latest: Q1 2026 Earnings Reported 4/28/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Revenue1.49 Bil1.51 Bil1.54 Bil8.2% RaisedGuidance: 1.40 Bil for 2026
2026 Revenue Growth31.0%33.5%36.0% 10.0%RaisedGuidance: 23.5% for 2026
2026 Adjusted EBITDA230.00 Mil240.00 Mil250.00 Mil9.1% RaisedGuidance: 220.00 Mil for 2026
2026 Adjusted EBITDA Growth50.0%56.5%63.0% 13.0%RaisedGuidance: 43.5% for 2026

Prior: Q4 2025 Earnings Reported 2/17/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Revenue1.38 Bil1.40 Bil1.43 Bil26.1% Higher NewActual: 1.11 Bil for 2025
2026 Revenue Growth21.0%23.5%26.0%   
2026 Adjusted EBITDA210.00 Mil220.00 Mil230.00 Mil46.7% Higher NewActual: 150.00 Mil for 2025
2026 Adjusted EBITDA Growth37.0%43.5%50.0%   

Q3 2025 Earnings Reported 10/29/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2025 Revenue1.10 Bil1.11 Bil1.12 Bil3.3% RaisedGuidance: 1.07 Bil for 2025
2025 Adjusted EBITDA147.00 Mil150.00 Mil153.00 Mil7.1% RaisedGuidance: 140.00 Mil for 2025

Insider Activity

Updated 7/8/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Sauers, KyleChief Financial OfficerDirectSell708202631.5323,000725,19020,574,145Form
2Stetz, MattiasChief Operating OfficerDirectSell702202631.2220,000624,3746,177,369Form
3Schwartz, Richard ToddChief Executive OfficerDirectSell702202631.2147,2221,474,02511,675,459Form
4Schwartz, Richard ToddChief Executive OfficerIrrevocable TrustSell702202631.2155,556  Form
5Schwartz, Richard ToddChief Executive OfficerTrustSell702202631.2155,556  Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Sauers, KyleChief Financial OfficerDirectSell708202631.5323,000725,19020,574,145Form
2Stetz, MattiasChief Operating OfficerDirectSell702202631.2220,000624,3746,177,369Form
3Schwartz, Richard ToddChief Executive OfficerDirectSell702202631.2147,2221,474,02511,675,459Form
4Schwartz, Richard ToddChief Executive OfficerIrrevocable TrustSell702202631.2155,556  Form
5Schwartz, Richard ToddChief Executive OfficerTrustSell702202631.2155,556  Form
6Wierbicki, PaulChief Legal OfficerDirectSell626202630.1210,000301,2462,809,300Form
7Sauers, KyleChief Financial OfficerDirectSell605202625.4423,000585,12016,059,204Form
8Schwartz, Richard ToddChief Executive OfficerDirectSell603202625.5847,2221,207,8259,566,943Form
9Schwartz, Richard ToddChief Executive OfficerIrrevocable TrustSell603202625.5855,556  Form
10Schwartz, Richard ToddChief Executive OfficerTrustSell603202625.5855,556  Form
11Stetz, MattiasChief Operating OfficerDirectSell603202625.6320,000512,6805,584,982Form
12Schwartz, Richard ToddChief Executive OfficerTrustSell506202624.9653,250  Form
13Schwartz, Richard ToddChief Executive OfficerIrrevocable TrustSell506202624.9653,250  Form
14Stetz, MattiasChief Operating OfficerTrustSell506202624.9611,175  Form
15Stetz, MattiasChief Operating OfficerDirectSell506202624.9611,175278,9285,937,335Form
16Bluhm, NeilExecutive ChairmanNGB 2013 Grandchildren's Dynasty TrustSell506202624.961,371,150  Form
17Schwartz, Richard ToddChief Executive OfficerTrustSell506202624.96355,000  Form
18Schwartz, Richard ToddChief Executive OfficerIrrevocable TrustSell506202624.96355,000  Form
19Stetz, MattiasChief Operating OfficerDirectSell506202624.9674,5001,859,5205,937,335Form
20Stetz, MattiasChief Operating OfficerTrustSell506202624.9674,500  Form
21Bluhm, NeilExecutive ChairmanNGB 2013 Grandchildren's Dynasty TrustSell506202624.969,141,000  Form
22Sauers, KyleChief Financial OfficerDirectSell506202628.3923,000652,97018,574,385Form
23Stetz, MattiasChief Operating OfficerDirectSell501202628.0920,000561,8786,682,808Form
24Schwartz, Richard ToddChief Executive OfficerDirectSell501202628.1347,2231,328,52010,522,717Form
25Schwartz, Richard ToddChief Executive OfficerIrrevocable TrustSell501202628.1355,556  Form
26Schwartz, Richard ToddChief Executive OfficerTrustSell501202628.1355,556  Form
27Stetz, MattiasChief Operating OfficerTrustSell429202627.4450,000  Form
28Gold, JudithDaniel S. Kotcher Revocable Trust u/t/a dated December 7, 2012Sell429202627.5850,000  Form
29Wierbicki, PaulChief Legal OfficerDirectSell429202627.5545,0001,239,9122,569,539Form
30Stetz, MattiasChief Operating OfficerSpouseSell429202624.0620,000481,1242,536,678Form
31Gold, JudithDaniel S. Kotcher Revocable Trust u/t/a dated December 7, 2012Sell417202623.0748,286  Form
32Schwartz, Richard ToddChief Executive OfficerDirectSell417202622.6061,7651,395,6608,451,830Form
33Gold, JudithDaniel S. Kotcher Revocable Trust u/t/a dated December 7, 2012Sell410202623.031,714  Form
34Wierbicki, PaulChief Legal OfficerDirectSell408202623.0015,000345,0203,180,068Form
35Sauers, KyleChief Financial OfficerDirectSell408202622.6223,000520,26015,319,576Form
36Stetz, MattiasChief Operating OfficerDirectSell402202622.0720,000441,4445,250,403Form
37Schwartz, Richard ToddChief Executive OfficerDirectSell402202622.0490,4821,994,5049,606,405Form
38Stetz, MattiasChief Operating OfficerSpouseSell325202622.0220,000440,4622,762,754Form
39Wierbicki, PaulChief Legal OfficerDirectSell325202622.0015,000330,0003,371,632Form
40Wierbicki, PaulChief Legal OfficerDirectSell325202621.0515,000315,8163,542,529Form
41Yih, Daniel W DirectSell311202620.1450,0001,006,7552,651,350Form
42Stetz, MattiasChief Operating OfficerTrustSell304202620.228,495  Form
43Stetz, MattiasChief Operating OfficerSpouseSell304202620.223,39768,6872,940,944Form
44Stetz, MattiasChief Operating OfficerDirectSell304202620.223,39868,7075,047,372Form
45Stetz, MattiasChief Operating OfficerTrustSell304202620.0721,232426,230170,536Form
46Stetz, MattiasChief Operating OfficerSpouseSell304202620.078,493170,4962,988,048Form
47Stetz, MattiasChief Operating OfficerDirectSell304202620.078,493170,4965,079,391Form
48Sauers, KyleChief Financial OfficerDirectSell304202619.4623,000447,58012,460,355Form
49Stetz, MattiasChief Operating OfficerTrustSell304202620.0120,273405,576594,709Form
50Stetz, MattiasChief Operating OfficerSpouseSell304202620.018,110162,2463,147,657Form
51Stetz, MattiasChief Operating OfficerDirectSell304202619.8828,109558,7655,198,526Form
52Schwartz, Richard ToddChief Executive OfficerDirectSell304202619.83247,1134,901,2159,020,874Form
53Schwartz, Richard ToddChief Executive OfficerDirectSell219202616.82247,1144,155,24711,803,090Form
54Schwartz, Richard ToddChief Executive OfficerDirectSell204202617.61247,1144,352,51816,715,962Form
55Stetz, MattiasChief Operating OfficerDirectSell204202617.6720,000353,3865,117,453Form
56Stetz, MattiasChief Operating OfficerTrustSell106202619.0950,000  Form
57Stetz, MattiasChief Operating OfficerSpouseSell106202619.0940,000763,4843,157,923Form
58Stetz, MattiasChief Operating OfficerDirectSell106202619.0920,000381,7422,763,927Form
59Schwartz, Richard ToddChief Executive OfficerDirectSell1209202518.8259,7571,124,6698,560,050Form
60Schwartz, Richard ToddChief Executive OfficerDirectSell1209202518.37134,1482,464,5009,453,570Form
61Stetz, MattiasChief Operating OfficerDirectSell1202202518.5130,000555,1563,049,768Form
62Schwartz, Richard ToddChief Executive OfficerDirectSell1112202517.4172,4461,261,1766,619,443Form
63Schwartz, Richard ToddChief Executive OfficerDirectSell1112202517.52121,4592,127,7317,930,234Form
64Stetz, MattiasChief Operating OfficerDirectSell1105202517.0930,000512,6913,329,176Form
65Schwartz, Richard ToddChief Executive OfficerDirectSell1010202518.7996,9871,822,18210,787,016Form
66Schwartz, Richard ToddChief Executive OfficerDirectSell1010202518.2096,9181,764,09212,215,914Form
67Roosileht, EinarChief Information OfficerDirectSell1001202519.9670,0001,397,24917,488,567Form
68Stetz, MattiasChief Operating OfficerDirectSell1001202520.1030,000603,0574,519,028Form
69Sauers, KyleChief Financial OfficerDirectSell1001202522.3415,038335,9499,352,663Form
70Schwartz, Richard ToddChief Executive OfficerDirectSell909202520.8757,1671,192,97217,186,340Form
71Schwartz, Richard ToddChief Executive OfficerDirectSell909202520.88136,7382,854,59718,386,534Form
72Roosileht, EinarChief Information OfficerDirectSell903202521.4770,0001,503,13818,813,919Form
73Stetz, MattiasChief Operating OfficerDirectSell903202521.4530,000643,4015,598,682Form
74Schwartz, Richard ToddChief Executive OfficerDirectSell811202518.62100,0001,861,90015,333,975Form
75Schwartz, Richard ToddChief Executive OfficerDirectSell811202518.6793,9051,752,90617,240,022Form
76Wierbicki, PaulChief Legal OfficerDirectSell805202519.4535,000680,8661,783,965Form
77Gold, JudithDaniel S. Kotcher Revocable Trust u/t/a dated December 7, 2012Sell805202519.61100,000  Form
78Roosileht, EinarChief Information OfficerDirectSell801202518.9570,0001,326,58416,604,094Form
79Stetz, MattiasChief Operating OfficerDirectSell801202519.3030,000579,1175,618,419Form
80De, Masi NiccoloSee FootnoteSell801202518.35446,094  Form
81Schwartz, Richard ToddChief Executive OfficerDirectSell708202515.39193,9052,984,15915,658,675Form
82De, Masi NiccoloSee FootnoteSell708202515.2858,453893,0626,815,558Form
83De, Masi NiccoloSee FootnoteSell708202515.15276,1634,183,3457,642,928Form
84De, Masi NiccoloSee FootnoteSell708202515.10111,4781,683,68611,791,297Form
85Stetz, MattiasChief Operating OfficerDirectSell703202515.0025,000375,0004,815,765Form
86Stetz, MattiasChief Operating OfficerDirectSell703202514.8125,000370,1455,123,562Form
87Roosileht, EinarChief Information OfficerDirectSell703202514.7770,0001,033,76012,938,983Form
Core Cache Last Updated: 7/28/2026