Rush Street Interactive, Inc. (RSI)
NYSEConsumer DiscretionaryGambling, Resorts & CasinosSnapshot 2026-09-09
$26.72-1.11%
Close 2026-09-09 · 1-day change
NYSEConsumer DiscretionaryGambling, Resorts & CasinosSnapshot 2026-09-09
Intact: The reason to own it still holds.
Rush Street Interactive grows revenue about 26% yearly to $1.5 billion in 2026. Profit grows with adjusted EBITDA near $240 million. Net income is rising, showing positive momentum. The company expands in US and Latin America online betting.
High valuation with a PE near 90 times risks a correction. CFO selling stock raises leadership concerns. Profit growth is mixed and may slow. Regulatory or competitive pressures could hurt growth.
The price is about 25% above our fair value near $26, reflecting strong 26% revenue growth expected by analysts. Our fair value is 14% below the Street median, so the market prices in robust growth but also some premium.
Breaks if: Adjusted EBITDA falls below $200M in FY26
The company aims to reach an Adjusted EBITDA between $230 million and $250 million for 2026.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This is a durable compounder with a focus on revenue and earnings growth. The current thesis state is intact, but recent changes indicate a mixed outlook as the company navigates challenges in its sector.
The market currently prices RSI at a premium compared to its peers, reflecting a justified valuation despite an expectations gap. This suggests that investors are factoring in strong performance but may be cautious given the elevated risks.
Management is on track to meet its revenue and EBITDA goals for 2026, supported by recent strong financial performance. However, there is a near-term risk of missing earnings expectations, especially as industry peers have struggled recently.
The long-term thesis hinges on whether RSI can maintain its growth trajectory despite sector headwinds. Key factors include guidance stability and performance of sector bellwethers, which could influence investor sentiment.
The most important moves since the prior daily snapshot.
Company momentum fell by 25.0 points (from 31.6 to 6.6).
Mixed, the news cuts both ways. The latest earnings beat supports the read. However, an analyst downgraded the company due to tightening competition in iGaming. This suggests a less favorable outlook for RSI's competitive position. The revenue target for 2026 is now seen as challenging.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: Major insider selling or leadership departures occur
Breaks if: Net income declines year over year
Sustain and grow net income through operational execution and market expansion.
Stated as a priority in 2 of last 2 quarters. Net income grew from $26.2 million in 2026-Q1 to $29.3 million in 2026-Q2, and from $5.3 million in 2025-Q1 to $29.3 million in 2026-Q2, demonstrating delivering trajectory of positive net income growth.
“Record Quarterly Net Income of $29.3 Million, up from prior year”
“Record Quarterly Net Income of $26.2 Million, up 134% Year-over-Year”
Breaks if: Revenue falls below $1.1B in FY26
Management aims to achieve revenue between $1.49 billion and $1.54 billion for the full year 2026.
Overall, RSI is positioned well but must navigate potential pitfalls in the near term. Not investment advice.