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Rush Street Interactive Inc

Rush Street Interactive Inc

RSI
$32.50USD↓-0.91%-0.30 today

MARKET CAP

7.6B

P/E (TTM)

77.4x

FWD P/E

45.3x

DAY RANGE

$32 – $33

52W RANGE

$14
$35

AI Summary

Stalk
StalkMedium

In a Stage 2 corrective reset following a Blow-Off Top, the medium-term bias remains bullish as price holds above rising EMAs. Short-term timing is neutral, with price pulling back into the 9/21EMA support zone without clear exhaustion. We will stalk for a pullback into the EMA area and seek evidence of acceptance before participating in the next advance.

  • ↑Launched BetRivers in Alberta on July 13, 2026, marking new market entry.
  • ↑Q1 2026 revenue of ~$300 M, Adj. EBITDA $47 M (+18% YoY).
  • ↓Shares trade ~209% above GF estimate of $10.08, signaling overvaluation.
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The case for & against

Bull & Bear analysis

Bearish

Rush Street Interactive (NYSE: RSI) is a leading online casino and sportsbook operator in the North American market. Holding a competitive edge in the rapidly growing iGaming space, RSI has established a strong presence through its BetRivers platform. The company's recent expansion into Alberta, Canada, is a testament to its aggressive growth strategy and commitment to tapping onto new markets. As gambling and online betting becomes increasingly legalized and promoted in various states and provinces, RSI is positioned to benefit from this favorable regulatory trend.

Bull says

  • ↑Launched BetRivers in Alberta on July 13, 2026, marking new market entry.
  • ↑Q1 2026 revenue of ~$300 M, Adj. EBITDA $47 M (+18% YoY).
  • ↑Trailing 12-month FCF of $89 M, up 4% YoY.
  • ↑Strong growth momentum and positive analyst revisions support earnings upside.
  • ↑JP Morgan raised price target to $30, indicating market optimism.
  • ↑Favorable regulatory environment as online gambling expands in North America.

Bear says

  • ↓Shares trade ~209% above GF estimate of $10.08, signaling overvaluation.
  • ↓Low earnings yield and poor book-to-price metrics raise valuation concerns.
  • ↓High volatility risk exposes stock to sharp price swings.
  • ↓Significant short interest reflects bearish investor sentiment.
  • ↓Weak financial quality metrics suggest underlying health issues.
  • ↓Intense competition from DraftKings, FanDuel and BetMGM threatens market share.

Investment themes with RSI

Online Gaming & Sports Betting↑ +0.75%

EVO.ST · RSI · TLC.AX

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 02-20-2026neutral

Transcript signals

Bull points

  • We've seen pretty steady growth in the refined sugar and the SCP production in Canada over several years, and so that was the impetus for doing the leak to begin with.
  • And we expect to see that growth as a return once we come under the higher inflation cocoa market, which we've already seen happen, and cocoa prices have down substantially.
  • So we're pretty optimistic based on what we know and what we've heard. our major customers are doing on the long-term and sugar-containing product manufacturing channel.

Bear points

  • We export businesses, we've reported in the past on a direct sugar basis is less than 10% of our total volume. And so anything that we were producing at that time that was a Brazilian origin didn't cross into the U.S. because of the new tariff.
  • Revenues for the quarter were just short of $300 million, down from $331 million in the same period last year, largely due to a lower average rod number 11 sugar price and lower sales volume in the sugar segment.
  • Sales volume was 175,000 metric tons during the quarter, a reduction of about 21,000 tons from the same quarter last year, with a significant portion of the reduction attributable to lower export volumes.
Read full transcript analysis ›