| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 33 | 82.6x | 17.8x | Bottom tier | |
Growth | 91 | 34.3% | 7.1% | Top tier | |
Quality | 92 | 42.9% | 4.5% | Top tier | |
Safety | 82 | — | 2.6x | Top tier | |
Capital Return | 20 | — | 2.12% | Bottom tier | |
Momentum | 74 | 28.5% | 2.9% | Top tier | |
Sentiment | 37 | 5 | 3 | Bottom tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Rush Street Interactive operates digital gaming and betting platforms and follows a strategy that places online casino at the center of its business model, while sports betting and poker play a complementary role in attracting players and increasing brand awareness and profitability. In Q2 fiscal year 2026, online casino accounted for 72% of revenue, while most of the remaining 28% came from sports betting; management believes casino players provide higher engagement, retention, and lifetime value. The company operates in North America and Latin America and uses RushBet in Latin American markets, with North American marketing spending focused on markets that permit online casino.
Revenue for Q2 fiscal year 2026 was approximately $393.8 million according to EDGAR data, broadly consistent with management's figure of $394 million, and increased 46% year over year. Gross profit was $139.7 million, representing a gross margin of approximately 35.5%, while net income according to EDGAR was approximately $11.5 million and earnings per share were $0.10. On management's non-GAAP measure, the company recorded record adjusted EBITDA of $64.6 million, up 61% year over year, with a margin of 16.4%.
Growth was broad-based in Q2 fiscal year 2026: online casino revenue increased 40% and sports betting revenue rose 64%, while North American revenue increased 23% and Latin American revenue grew 195%. Monthly active users increased 51% to more than 296 thousand in North America and 62% to more than 652 thousand in Latin America. The company ended the period on June 30, 2026 with $340 million in liquidity and no debt, supporting investment in marketing, expansion, and share repurchases.
Automated analysis for informational purposes only — not investment advice.
The average analyst price target is $35, within a wide range of $28 to $39, and the stock carries a consensus Buy rating; the average target is also slightly above the upper end of the 52-week range of $34.53, compared with a low of $15.51. No displayed price-to-earnings ratio is available to use as a valuation anchor, so the valuation assessment depends more heavily on achieving fiscal year 2026 guidance, particularly revenue of $1.56–$1.60 billion and adjusted EBITDA of $245–$265 million, while accounting for the impact of the Colombia tax, higher marketing spending, and the risk that the World Cup boost fades.
Figures in the text are as of 2026-08-30; the live price is shown at the top of the page.
Online casino was the primary driver, accounting for 72% of Q2 fiscal year 2026 revenue and growing 40% year over year. Sports betting contributed most of the remaining 28%, with its revenue growing 64%. Management describes casino as the product with the highest engagement, retention, and lifetime value, while using sports and poker to attract new players and increase brand awareness.
Revenue was $393.8 million according to EDGAR data, compared with management's rounded figure of $394 million, representing 46% year-over-year growth. The company recorded gross profit of $139.7 million, equivalent to a margin of approximately 35.5%, net income according to EDGAR of $11.5 million, and earnings per share of $0.10. Adjusted EBITDA, a non-GAAP measure, reached a record $64.6 million, with a margin of 16.4% and year-over-year growth of 61%.
Latin American revenue increased 195% in Q2 fiscal year 2026, and monthly active users rose 62% to more than 652 thousand. Average revenue per monthly active user reached $55, up 82% year over year, supported by strong activity, the removal of incentives in Colombia to offset the impact of the previous deposit tax, and favorable currency movements. During the World Cup, more than 25% of first-time depositors also used the casino product, a result approximately 50% higher than during Copa America two years earlier.
Management expects revenue of between $1.56 and $1.60 billion in fiscal year 2026, representing year-over-year growth of between 38% and 41%. The midpoint is $1.58 billion after being raised by $65 million from the previous guidance. It also expects adjusted EBITDA of between $245 and $265 million, representing year-over-year growth of between 59% and 72%, despite including increased marketing investment in the second half of fiscal year 2026.
The guidance assumes that a 16% tax on gross gaming revenue in Colombia will remain in effect through the end of fiscal year 2026, and it already pressured gross margin in Q2. Management expects to increase marketing expenses in Q3 by approximately $7–$10 million compared with Q2 to support Alberta and other opportunities with expected returns, which could make Q3 the year's lowest quarter for adjusted EBITDA. Q2 also benefited by approximately $10 million from strong sports hold, so the full quarterly performance should not be considered a recurring baseline.
The company held $340 million in cash and had no debt on June 30, 2026, giving it the ability to fund growth from a strong financial position. In May 2026, it repurchased approximately $29 million of shares under an existing $50 million program. The board subsequently authorized a new $100 million share repurchase program, with execution described as opportunistic rather than a commitment to use the full amount.
