Rush Street Interactive (RSI)
Market Price (5/12/2026): $28.23 | Market Cap: $2.9 BilSector: Consumer Discretionary | Industry: Casinos & Gaming
Rush Street Interactive (RSI)
Market Price (5/12/2026): $28.23Market Cap: $2.9 BilSector: Consumer DiscretionaryIndustry: Casinos & Gaming
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -11% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 28% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13% Megatrend and thematic driversMegatrends include Markets & Betting, Digital Content & Streaming, and Fintech & Digital Payments. Themes include Prediction Markets, Show more. | Trading close to highsDist 52W High is -3.6%, Dist 3Y High is -3.6% | Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 78x Stock price has recently run up significantly12M Rtn12 month market price return is 140% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.0% Key risksRSI key risks include [1] its premium valuation, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -11% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 28% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13% |
| Megatrend and thematic driversMegatrends include Markets & Betting, Digital Content & Streaming, and Fintech & Digital Payments. Themes include Prediction Markets, Show more. |
| Trading close to highsDist 52W High is -3.6%, Dist 3Y High is -3.6% |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 78x |
| Stock price has recently run up significantly12M Rtn12 month market price return is 140% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.0% |
| Key risksRSI key risks include [1] its premium valuation, Show more. |
Qualitative Assessment
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1. Exceptional Financial Performance Exceeding Expectations.
Rush Street Interactive delivered strong financial results for both the fourth quarter of 2025 and the first quarter of 2026, consistently surpassing analyst expectations. In Q4 2025, revenue increased by 28% year-over-year to $324.9 million, exceeding the consensus estimate of $307.9 million, and Adjusted EBITDA grew 44% year-over-year to a record $44.1 million. The momentum continued into Q1 2026, with record revenue of $370.4 million, a 41% year-over-year increase, and record Adjusted EBITDA of $60.2 million, an 81% year-over-year increase.
2. Significantly Raised Full-Year 2026 Guidance.
Following the robust Q1 2026 results, Rush Street Interactive substantially raised its full-year 2026 financial guidance, signaling strong confidence in continued growth. The company now expects full-year 2026 revenue to be in the range of $1.49 billion to $1.54 billion, representing a year-over-year growth of 31% to 36%. Adjusted EBITDA guidance for the full year 2026 was also increased to a range of $230 million to $250 million, indicating a projected year-over-year growth of 50% to 63%.
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Stock Movement Drivers
Fundamental Drivers
The 59.2% change in RSI stock from 1/31/2026 to 5/11/2026 was primarily driven by a 37.3% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 5112026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.67 | 28.13 | 59.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,064 | 1,242 | 16.8% |
| Net Income Margin (%) | 2.8% | 3.0% | 5.5% |
| P/E Multiple | 56.5 | 77.6 | 37.3% |
| Shares Outstanding (Mil) | 96 | 102 | -5.8% |
| Cumulative Contribution | 59.2% |
Market Drivers
1/31/2026 to 5/11/2026| Return | Correlation | |
|---|---|---|
| RSI | 59.2% | |
| Market (SPY) | 3.6% | 50.0% |
| Sector (XLY) | -1.3% | 26.9% |
Fundamental Drivers
The 65.9% change in RSI stock from 10/31/2025 to 5/11/2026 was primarily driven by a 43.0% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 5112026 | Change |
|---|---|---|---|
| Stock Price ($) | 16.96 | 28.13 | 65.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,064 | 1,242 | 16.8% |
| Net Income Margin (%) | 2.8% | 3.0% | 5.5% |
| P/E Multiple | 54.2 | 77.6 | 43.0% |
| Shares Outstanding (Mil) | 96 | 102 | -5.8% |
| Cumulative Contribution | 65.9% |
Market Drivers
10/31/2025 to 5/11/2026| Return | Correlation | |
|---|---|---|
| RSI | 65.9% | |
| Market (SPY) | 5.5% | 36.4% |
| Sector (XLY) | -0.1% | 24.9% |
Fundamental Drivers
The 131.9% change in RSI stock from 4/30/2025 to 5/11/2026 was primarily driven by a 1054.3% change in the company's Net Income Margin (%).| (LTM values as of) | 4302025 | 5112026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.13 | 28.13 | 131.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 924 | 1,242 | 34.4% |
| Net Income Margin (%) | 0.3% | 3.0% | 1054.3% |
| P/E Multiple | 447.9 | 77.6 | -82.7% |
| Shares Outstanding (Mil) | 88 | 102 | -13.7% |
| Cumulative Contribution | 131.9% |
Market Drivers
4/30/2025 to 5/11/2026| Return | Correlation | |
|---|---|---|
| RSI | 131.9% | |
| Market (SPY) | 30.4% | 27.3% |
| Sector (XLY) | 22.0% | 20.9% |
Fundamental Drivers
The 804.5% change in RSI stock from 4/30/2023 to 5/11/2026 was primarily driven by a 585.4% change in the company's P/S Multiple.| (LTM values as of) | 4302023 | 5112026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.11 | 28.13 | 804.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 592 | 1,242 | 109.8% |
| P/S Multiple | 0.3 | 2.3 | 585.4% |
| Shares Outstanding (Mil) | 64 | 102 | -37.1% |
| Cumulative Contribution | 804.5% |
Market Drivers
4/30/2023 to 5/11/2026| Return | Correlation | |
|---|---|---|
| RSI | 804.5% | |
| Market (SPY) | 78.7% | 40.3% |
| Sector (XLY) | 65.5% | 36.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| RSI Return | -24% | -78% | 25% | 206% | 42% | 43% | 28% |
| Peers Return | -7% | -39% | 55% | -5% | -15% | -8% | -35% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| RSI Win Rate | 33% | 33% | 58% | 67% | 67% | 60% | |
| Peers Win Rate | 45% | 33% | 55% | 47% | 62% | 48% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| RSI Max Drawdown | -55% | -82% | -22% | -18% | -29% | -18% | |
| Peers Max Drawdown | -29% | -52% | -10% | -26% | -30% | -29% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[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 5/11/2026 (YTD)
How Low Can It Go
| Event | RSI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -37.5% | -18.8% |
| % Gain to Breakeven | 60.1% | 23.1% |
| Time to Breakeven | 118 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -28.8% | -6.7% |
| % Gain to Breakeven | 40.5% | 7.1% |
| Time to Breakeven | 120 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -79.1% | -24.5% |
| % Gain to Breakeven | 379.2% | 32.4% |
| Time to Breakeven | 854 days | 427 days |
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.
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| Event | RSI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -37.5% | -18.8% |
| % Gain to Breakeven | 60.1% | 23.1% |
| Time to Breakeven | 118 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -28.8% | -6.7% |
| % Gain to Breakeven | 40.5% | 7.1% |
| Time to Breakeven | 120 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -79.1% | -24.5% |
| % Gain to Breakeven | 379.2% | 32.4% |
| Time to Breakeven | 854 days | 427 days |
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)
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:
- 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.
- Online Sports Bettors: Individuals who place real-money wagers on various sports events using RSI's online sports betting services.
- 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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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.
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Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 27.95 |
| Mkt Cap | 7.6 |
| Rev LTM | 9,315 |
| Op Inc LTM | 368 |
| FCF LTM | 482 |
| FCF 3Y Avg | 282 |
| CFO LTM | 1,011 |
| CFO 3Y Avg | 900 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 12.6% |
| Rev Chg 3Y Avg | 8.0% |
| Rev Chg Q | 11.6% |
| QoQ Delta Rev Chg LTM | 2.7% |
| Op Inc Chg LTM | 18.2% |
| Op Inc Chg 3Y Avg | 57.4% |
| Op Mgn LTM | 5.8% |
| Op Mgn 3Y Avg | 3.3% |
| QoQ Delta Op Mgn LTM | 0.4% |
| CFO/Rev LTM | 11.4% |
| CFO/Rev 3Y Avg | 9.8% |
| FCF/Rev LTM | 6.5% |
| FCF/Rev 3Y Avg | 4.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 7.6 |
| P/S | 0.8 |
| P/Op Inc | 16.4 |
| P/EBIT | 20.1 |
| P/E | 25.1 |
| P/CFO | 8.4 |
| Total Yield | -1.3% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 3.2% |
| D/E | 2.0 |
| Net D/E | 1.8 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 3.9% |
| 3M Rtn | 7.6% |
| 6M Rtn | 7.9% |
| 12M Rtn | 0.5% |
| 3Y Rtn | -23.0% |
| 1M Excs Rtn | -4.8% |
| 3M Excs Rtn | 1.2% |
| 6M Excs Rtn | 2.9% |
| 12M Excs Rtn | -28.9% |
| 3Y Excs Rtn | -106.9% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Online gaming and retail sports betting business activities | 924 | 691 | |||
| Online casino and online sports betting | 577 | 480 | 274 | ||
| Retail sports betting | 12 | 4 | 1 | ||
| Social gaming | 4 | 4 | 4 | ||
| Total | 924 | 691 | 592 | 488 | 278 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Online gaming and retail sports betting business activities | 7 | -60 | |||
| Total | 7 | -60 |
Price Behavior
| Market Price | $28.13 | |
| Market Cap ($ Bil) | 2.9 | |
| First Trading Date | 04/15/2020 | |
| Distance from 52W High | -3.6% | |
| 50 Days | 200 Days | |
| DMA Price | $22.85 | $19.94 |
| DMA Trend | up | up |
| Distance from DMA | 23.1% | 41.1% |
| 3M | 1YR | |
| Volatility | 51.3% | 51.7% |
| Downside Capture | -0.20 | 0.01 |
| Upside Capture | 185.94 | 107.26 |
| Correlation (SPY) | 31.4% | 26.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.32 | 0.89 | 1.32 | 1.12 | 1.06 | 1.48 |
| Up Beta | 1.07 | 1.01 | 0.87 | 1.11 | 1.34 | 1.23 |
| Down Beta | -4.02 | 1.61 | 2.53 | 1.96 | 1.98 | 1.59 |
| Up Capture | 111% | 127% | 214% | 123% | 93% | 1101% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 15 | 25 | 37 | 60 | 133 | 395 |
| Down Capture | -71% | 15% | 45% | 59% | 31% | 107% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 7 | 18 | 26 | 60 | 111 | 341 |
[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 | |
|---|---|---|---|---|
| RSI | 134.0% | 51.6% | 1.82 | - |
| Sector ETF (XLY) | 19.5% | 18.7% | 0.82 | 21.5% |
| Equity (SPY) | 28.1% | 12.5% | 1.78 | 28.1% |
| Gold (GLD) | 42.9% | 26.9% | 1.30 | -2.3% |
| Commodities (DBC) | 48.6% | 18.0% | 2.14 | -5.6% |
| Real Estate (VNQ) | 13.6% | 13.5% | 0.70 | 11.8% |
| Bitcoin (BTCUSD) | -22.4% | 41.7% | -0.50 | 11.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RSI | |
|---|---|---|---|---|
| RSI | 16.8% | 62.0% | 0.50 | - |
| Sector ETF (XLY) | 7.1% | 23.8% | 0.26 | 47.3% |
| Equity (SPY) | 12.9% | 17.1% | 0.59 | 46.9% |
| Gold (GLD) | 21.2% | 17.9% | 0.96 | 0.9% |
| Commodities (DBC) | 13.5% | 19.1% | 0.58 | 8.1% |
| Real Estate (VNQ) | 3.6% | 18.8% | 0.09 | 33.7% |
| Bitcoin (BTCUSD) | 8.5% | 56.0% | 0.36 | 25.2% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RSI | |
|---|---|---|---|---|
| RSI | 10.3% | 62.6% | 0.53 | - |
| Sector ETF (XLY) | 12.7% | 22.0% | 0.53 | 45.0% |
| Equity (SPY) | 15.0% | 17.9% | 0.72 | 43.6% |
| Gold (GLD) | 13.4% | 15.9% | 0.70 | 2.1% |
| Commodities (DBC) | 9.5% | 17.7% | 0.45 | 9.8% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.24 | 30.2% |
| Bitcoin (BTCUSD) | 68.1% | 66.9% | 1.07 | 23.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/28/2026 | 16.6% | 21.5% | |
| 2/17/2026 | 7.3% | 11.1% | 20.8% |
| 10/29/2025 | -6.7% | -8.5% | 1.6% |
| 7/30/2025 | 25.5% | 21.9% | 39.0% |
| 2/26/2025 | -15.3% | -12.3% | -17.4% |
| 10/30/2024 | 0.6% | 0.7% | 34.0% |
| 7/31/2024 | 7.6% | -4.3% | -9.0% |
| 3/6/2024 | 16.1% | 10.0% | 30.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 10 | 8 |
| # Negative | 7 | 7 | 8 |
| Median Positive | 10.3% | 12.5% | 24.3% |
| Median Negative | -6.7% | -12.3% | -15.0% |
| Max Positive | 25.5% | 24.9% | 39.0% |
| Max Negative | -20.0% | -19.8% | -28.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/29/2026 | 10-Q |
| 12/31/2025 | 02/18/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 03/07/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 03/02/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q1 2026 Earnings Reported 4/28/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 1.49 Bil | 1.51 Bil | 1.54 Bil | 8.2% | Raised | Guidance: 1.40 Bil for 2026 | |
| 2026 Revenue Growth | 31.0% | 33.5% | 36.0% | 42.6% | 10.0% | Raised | Guidance: 23.5% for 2026 |
| 2026 Adjusted EBITDA | 230.00 Mil | 240.00 Mil | 250.00 Mil | 9.1% | Raised | Guidance: 220.00 Mil for 2026 | |
| 2026 Adjusted EBITDA Growth | 50.0% | 56.5% | 63.0% | 29.9% | 13.0% | Raised | Guidance: 43.5% for 2026 |
Prior: Q4 2025 Earnings Reported 2/17/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 1.38 Bil | 1.40 Bil | 1.43 Bil | 26.1% | Higher New | Actual: 1.11 Bil for 2025 | |
| 2026 Revenue Growth | 21.0% | 23.5% | 26.0% | ||||
| 2026 Adjusted EBITDA | 210.00 Mil | 220.00 Mil | 230.00 Mil | 46.7% | Higher New | Actual: 150.00 Mil for 2025 | |
| 2026 Adjusted EBITDA Growth | 37.0% | 43.5% | 50.0% | ||||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Schwartz, Richard Todd | Chief Executive Officer | Trust | Sell | 5062026 | 24.96 | 53,250 | Form | ||
| 2 | Schwartz, Richard Todd | Chief Executive Officer | Irrevocable Trust | Sell | 5062026 | 24.96 | 53,250 | Form | ||
| 3 | Stetz, Mattias | Chief Operating Officer | Trust | Sell | 5062026 | 24.96 | 11,175 | Form | ||
| 4 | Stetz, Mattias | Chief Operating Officer | Direct | Sell | 5062026 | 24.96 | 11,175 | 278,928 | 5,937,335 | Form |
| 5 | Bluhm, Neil | Executive Chairman | NGB 2013 Grandchildren's Dynasty Trust | Sell | 5062026 | 24.96 | 1,371,150 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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