Rush Street Interactive, Inc. (RSI) intrinsic value & 10-year financials
Rush Street Interactive, Inc. (RSI) has a Graham intrinsic value of $10.30 per share. At $18.52 on Oct 17, 2026, the stock trades 80% above that value. Over the last 8 fiscal years revenue grew 61.6% a year to $1.1B, with an average return on invested capital of 71.1%.
- Graham intrinsic value
- $10.30
- Share price (Oct 17, 2026)
- $18.52
- Price vs Graham value
- 80% above
- Market cap
- $4.4B
- Revenue (FY2025)
- $1.1B
- Revenue growth (8-yr CAGR)
- 61.6%
- ROIC (10-yr avg)
- 71.1%
- Free cash flow (FY2025)
- $164.2M
RSI 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.1B | $33.3M | $0.31 | $164.2M | 7.7% | -26.2% |
| FY2024 | $924.1M | $2.4M | $0.03 | $105.5M | 2.6% | -9.3% |
| FY2023 | $691.2M | -$18.3M | -$0.27 | -$7.2M | -7.5% | 43.9% |
| FY2022 | $592.2M | -$38.6M | -$0.61 | -$64.5M | -21.1% | 78.8% |
| FY2021 | $488.1M | -$19.5M | -$0.51 | -$52.0M | -19.3% | 40.0% |
| FY2020 | $278.5M | -$575.0K | -$0.01 | $14.3M | -47.9% | 47.0% |
| FY2019 | $63.7M | -$22.4M | — | -$2.9M | -35.1% | 323.3% |
| FY2018 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Rush Street Interactive, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Rush Street Interactive, Inc. has earned high returns on invested capital, averaging 25.3% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Rush Street Interactive, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Rush Street Interactive, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $10.30 per share.