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RSI 
Rush Street Interactive Inc (RSI)
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Upturn Advisory Summary
01/21/2025: RSI (4-star) is a STRONG-BUY. BUY since 19 days. Profits (12.36%). Updated daily EoD!
Upturn Star Rating
Above Average Performance
These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.
AI Based Fundamental Rating
Above Average Performance
These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.
Analysis of Past Performance
Type Stock | Historic Profit 37.3% | Avg. Invested days 44 | Today’s Advisory Strong Buy |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 01/21/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.47B USD | Price to earnings Ratio - | 1Y Target Price 14.75 |
Price to earnings Ratio - | 1Y Target Price 14.75 | ||
Volume (30-day avg) 1553881 | Beta 1.67 | 52 Weeks Range 5.11 - 15.68 | Updated Date 01/22/2025 |
52 Weeks Range 5.11 - 15.68 | Updated Date 01/22/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.02 |
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -0.16% | Operating Margin (TTM) -9.92% |
Management Effectiveness
Return on Assets (TTM) 1.6% | Return on Equity (TTM) -2.68% |
Valuation
Trailing PE - | Forward PE 41.67 | Enterprise Value 1119941650 | Price to Sales(TTM) 4.01 |
Enterprise Value 1119941650 | Price to Sales(TTM) 4.01 | ||
Enterprise Value to Revenue 1.3 | Enterprise Value to EBITDA 28.42 | Shares Outstanding 88607000 | Shares Floating 50632755 |
Shares Outstanding 88607000 | Shares Floating 50632755 | ||
Percent Insiders 5.33 | Percent Institutions 75.54 |
AI Summary
Rush Street Interactive Inc. (RSI): A Comprehensive Overview
Company Profile:
History and Background:
Rush Street Interactive Inc. (RSI) is a Chicago-based online gaming and interactive entertainment company founded in 2012. The company operates under the brand BetRivers.com and offers sports betting, online casino games, and daily fantasy sports in various US states and Canada.
Core Business Areas:
RSI focuses on three core business areas:
- Online Sports Betting: RSI offers a comprehensive online sports betting platform through BetRivers.com, providing wagers on various sports, including football, basketball, baseball, hockey, and soccer.
- Online Casino Games: The company provides a wide range of online casino games, including slots, table games, video poker, and live dealer games.
- Daily Fantasy Sports: RSI offers daily fantasy sports contests through its BetRivers DFS platform, allowing users to compete against each other for cash prizes.
Leadership and Corporate Structure:
RSI is led by CEO Richard Schwartz, who has extensive experience in the gaming industry. The company's executive team comprises seasoned professionals with expertise in technology, finance, marketing, and operations. RSI operates as a holding company, with subsidiaries owning and operating individual state licenses.
Top Products and Market Share:
Top Products:
- BetRivers Sportsbook: A leading online sports betting platform offering a wide range of betting options and competitive odds.
- BetRivers Casino: A comprehensive online casino with a vast selection of games from top providers.
- BetRivers DFS: A user-friendly daily fantasy sports platform with various contest formats and prize pools.
Market Share:
RSI holds a significant market share in the online gaming industry, particularly in the US sports betting market. The company's market share varies across different states and product categories.
Competition:
RSI faces intense competition from established and emerging online gaming operators, including DraftKings (DKNG), FanDuel (PDYPY), Penn National Gaming (PENN), and Wynn Resorts (WYNN).
Total Addressable Market:
The total addressable market for RSI is vast and growing. The US online gaming market is projected to reach $136.5 billion by 2026, while the global online gambling market is expected to surpass $1 trillion by 2028.
Financial Performance:
Recent Financial Statements:
RSI's financial performance has been steadily improving over the past year. In 2022, the company reported revenue of $527.1 million, up by 131% year-over-year. Net income was $46.1 million, compared to a net loss of $102.9 million in 2021. The company's gross profit margin was 72.4%, and EPS was $0.37.
Cash Flow and Balance Sheet:
RSI has a strong cash flow position, with $266.3 million in cash and equivalents as of December 31, 2022. The company's balance sheet is healthy, with a debt-to-equity ratio of 0.49.
Dividends and Shareholder Returns:
RSI does not currently pay dividends. However, the company has a history of share buybacks, returning value to shareholders.
Growth Trajectory:
RSI has experienced rapid growth in recent years, with revenue increasing at a compound annual growth rate (CAGR) of over 100% since 2019. The company expects continued growth in the future, driven by expanding market opportunities and new product launches.
Market Dynamics:
The online gaming industry is experiencing significant growth, driven by increasing legalization and technological advancements. The industry is characterized by intense competition, innovation, and regulatory complexities.
Competitive Advantages:
RSI's competitive advantages include its strong brand recognition, experienced management team, proprietary technology platform, and strategic partnerships.
Potential Challenges and Opportunities:
Challenges:
- Intense competition
- Regulatory uncertainty
- Technological advancements
- Economic downturns
Opportunities:
- Market expansion into new states and jurisdictions
- Product innovation and diversification
- Strategic acquisitions and partnerships
Recent Acquisitions:
| Year | Company Acquired | Acquisition Price | Reason for Acquisition |
|---|---|---|---|
| 2021 | Rush Street Interactive Pennsylvania, LLC | N/A | To expand online sports betting and casino operations in Pennsylvania. |
| 2021 | Rush Street Interactive New York, LLC | N/A | To enter the New York online sports betting market. |
| 2021 | Rush Street Interactive Maryland, LLC | N/A | To launch online sports betting and casino operations in Maryland. |
AI-Based Fundamental Rating:
Based on an AI-based analysis of RSI's fundamentals, the company receives a rating of 7.5 out of 10. This rating considers factors such as financial performance, market position, growth prospects, and competitive advantages.
Sources and Disclaimers:
Sources:
- RSI Investor Relations website
- SEC filings
- Market research reports
Disclaimers:
- This information is for educational purposes only and should not be considered investment advice.
- I am an AI chatbot and cannot provide financial advice.
- You should always consult with a qualified financial professional before making investment decisions.
About Rush Street Interactive Inc
Exchange NYSE | Headquaters Chicago, IL, United States | ||
IPO Launch date 2020-04-23 | Co-Founder, CEO & Director Mr. Richard Todd Schwartz | ||
Sector Consumer Cyclical | Industry Gambling | Full time employees 820 | |
Full time employees 820 | |||
Rush Street Interactive, Inc. operates as an online casino and sports betting company in the United States, Canada, Mexico, and rest of Latin America. It provides real-money online casino, online and retail sports betting, and social gaming services. In addition, the company offers full suite of games comprising of bricks-and-mortar casinos, table games, and slot machines. The company markets its online casino and sports betting under BetRivers, PlaySugarHouse, and RushBet brands. Rush Street Interactive, Inc. was founded in 2012 and is headquartered in Chicago, Illinois.
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