Rush Street Interactive (RSI) Operating Expenses (2020 - 2026)
Rush Street Interactive's (RSI) quarterly Operating Expenses came in at $327.6 million in Q1 2026, up 32.36% year-on-year from $247.5 million in Q1 2025, and up 10.6% quarter-over-quarter from $296.2 million in Q4 2025.
Rush Street Interactive (RSI) Operating Expenses (2020 - 2026) Analysis & Trends
Rush Street Interactive's Operating Expenses history runs 7 years deep, the most recent figure standing at $327.6 million for Q1 2026.
- On a quarterly basis, Operating Expenses rose 32.36% year-over-year to $327.6 million in Q1 2026; TTM through Mar 2026 was $1.1 billion, a 21.11% increase from a year earlier, with the FY2025 full-year figure at $1.0 billion, up 16.46% from the prior year.
- Operating Expenses rose to $327.6 million in Q1 2026 per RSI's latest filing, from $296.2 million in the prior quarter.
- Across five years, Operating Expenses topped out at $327.6 million in Q1 2026 and bottomed at $168.6 million in Q3 2022.
- The 5-year median for Operating Expenses is $215.9 million (2024), against an average of $219.6 million.
- Across the five-year window, Operating Expenses jumped 32.95% in 2022 and fell 0.29% in 2023, its largest moves.
- Year by year, Operating Expenses stood at $193.9 million in 2022, then rose by 1.79% to $197.4 million in 2023, then grew by 22.26% to $241.3 million in 2024, then advanced by 22.74% to $296.2 million in 2025, then rose by 10.6% to $327.6 million in 2026.
- Per Business Quant, the three latest RSI Operating Expenses figures stand at $327.6 million (Q1 2026), $296.2 million (Q4 2025), and $258.4 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Codere Online Luxembourg | 425.84 Bn | 425.77 Bn | - | - |
| 2 | Flutter Entertainment | 19.13 Bn | 17.62 Bn | 1.84 Bn | 1.50 Bn |
| 3 | DraftKings | 12.12 Bn | 11.11 Bn | 696.69 Mn | 289.11 Mn |
| 4 | Super Group (SGHC) | 7.57 Bn | 7.15 Bn | - | -470.00 Mn |
| 5 | Churchill Downs | 6.27 Bn | 6.17 Bn | 464.00 Mn | 520.00 Mn |
| 6 | Rush Street Interactive | 3.15 Bn | 2.82 Bn | 132.17 Mn | 327.58 Mn |
| 7 | Brightstar Lottery | 1.94 Bn | 670.63 Mn | 297.00 Mn | 60.00 Mn |
| 8 | Accel Entertainment | 1.02 Bn | 746.37 Mn | 350.92 Mn | 324.48 Mn |
| 9 | Inspired Entertainment | 207.07 Mn | 163.57 Mn | 54.60 Mn | 24.30 Mn |
| 10 | Gambling.com | 58.26 Mn | 42.45 Mn | 39.34 Mn | -25.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 327.58 Mn |
| Dec 31, 2025 | 296.18 Mn |
| Sep 30, 2025 | 258.44 Mn |
| Jun 30, 2025 | 244.89 Mn |
| Mar 31, 2025 | 247.49 Mn |
| Dec 31, 2024 | 241.31 Mn |
| Sep 30, 2024 | 225.65 Mn |
| Jun 30, 2024 | 216.18 Mn |
| Mar 31, 2024 | 215.90 Mn |
| Dec 31, 2023 | 197.38 Mn |
| Sep 30, 2023 | 181.59 Mn |
| Jun 30, 2023 | 179.36 Mn |
| Mar 31, 2023 | 184.44 Mn |
| Dec 31, 2022 | 193.90 Mn |
| Sep 30, 2022 | 168.60 Mn |
| Jun 30, 2022 | 169.52 Mn |
| Mar 31, 2022 | 184.98 Mn |
| Dec 31, 2021 | 167.64 Mn |
| Sep 30, 2021 | 140.62 Mn |
| Jun 30, 2021 | 134.99 Mn |