Rush Street Interactive Inc

For the period ended Dec 31, 2024. Filed Feb 28, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 28, 2025

RSI$11.97-1.2%Stored close · as of Nov 10, 2026

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Contents

Item 8. Consolidated Statements of Cash Flows

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Amounts in thousands)

	December 31,
	2024	2023	2022
Cash flows from operating activities
Net income (loss)	$7,236	$(60,055)	$(134,332)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Share-based compensation expense	35,288	30,020	18,691
Depreciation and amortization expense	32,203	29,759	14,325
Deferred income tax	(143)	(255)	(50)
Noncash lease expense	891	697	616
Long-lived assets write off	—	683	—
Changes in assets and liabilities:
Players’ receivables	(4,814)	658	(5,345)
Due from affiliates	15,261	2,433	(7,745)
Prepaid expenses and other current assets	(7,765)	(228)	(3,567)
Accounts payable, accrued expenses and other current liabilities	25,922	(9,267)	38,734
Players’ liabilities	2,370	(377)	18,352
Net cash provided by (used in) operating activities	106,449	(5,932)	(60,321)
Cash flows from investing activities
Internally developed software costs	(24,420)	(22,619)	(16,770)
Acquisition of gaming licenses	(4,081)	(7,279)	(5,484)
Acquisition of other intangibles	(2,075)	(765)	—
Short-term investments	(1,862)	(3,061)	—
Purchases of property and equipment	(925)	(1,291)	(4,157)
Investments in equity securities	—	(470)	—
Proceeds from (investment in) long-term time deposits	—	1,705	(689)
Acquisition of trademark intangible asset, net of cash acquired	—	—	(1,890)
Net cash used in investing activities	(33,363)	(33,780)	(28,990)
Cash flows from financing activities
Principal payments of finance lease liabilities	(1,559)	(518)	(1,216)
Payments for employee taxes related to shares withheld	(1,160)	—	—
Proceeds from exercise of stock options	67	—	—
Net cash used in financing activities	(2,652)	(518)	(1,216)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(8,655)	5,126	(3,721)
Net change in cash, cash equivalents and restricted cash	61,779	(35,104)	(94,248)
Cash, cash equivalents and restricted cash, at the beginning of the year	170,977	206,081	300,329
Cash, cash equivalents and restricted cash, at the end of the year	$232,756	$170,977	$206,081

	December 31,
	2024	2023	2022
Supplemental disclosure of noncash investing and financing activities:
Right-of-use assets obtained in exchange for new or modified operating lease liabilities	$1,582	$210	$965
Right-of-use assets obtained in exchange for new or modified finance lease liabilities	1,986	2,423	1,124
Allocation of equity and non-controlling interests upon changes in RSILP ownership	13,374	4,988	4,140
Class A Common stock issued to acquire trademark intangible asset	—	—	2,400
Class V Common stock issued to acquire trademark intangible asset	—	—	300
Shares withheld for employee taxes in Other Current Liabilities	1,827	—	—
Property and equipment purchases in Accounts Payable and Accrued Expenses	5	212	(29)
Capitalized intangible assets in Accounts Payable and Accrued Expenses	657	609	—
Supplemental disclosure of cash flow information:
Cash paid for income taxes	$16,549	$7,385	$6,795
Cash paid for interest	908	938	937

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