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Rush Street Interactive RSI Payments to Develop Software

Payments to Develop Software at other companies

DraftKings Inc. logo
DraftKings Inc.DKNG
$37.07M+18.6%

Other financials

Income statement

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Revenue$370.4M+41.1%
Gross profit$132.2M+44.4%
Operating income$42.8M+187%
Net income$9.1M+70.5%
EPS (diluted)$0.08+60.0%

Balance sheet

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Cash & equivalents$331.6M+42.9%
Total debt$5.6M-8.1%
Total equity$159.1M+95.7%
Total assets$677.3M+75.0%

Cash flow

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Operating cash flow$20.1M-29.9%
CapEx$252.0K+56.5%
Free cash flow$19.9M-30.4%

Valuation

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Market cap$3.04B+121%
Enterprise value$2.71B+144%
P/E82×-80.7×
P/S2.5×+1.0×

Profitability

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Gross margin34.9%-0.3pp
Operating margin9.3%+5.3pp
Net margin3%+2.1pp
FCF margin12.5%+1.8pp

Returns & leverage

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Return on equity30.8%+19.0pp
Debt / equity0.0×
Current ratio+0.3×

Where this comes from

Reported directly by Rush Street Interactive in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToDevelopSoftware.

The official record: Rush Street Interactive’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Rush Street Interactive's payments to develop software?
Rush Street Interactive (RSI) reported payments to develop software of $7.96M in Q1 2026.
How has Rush Street Interactive's payments to develop software changed year-over-year?
Rush Street Interactive's payments to develop software increased by 16.6% year-over-year, from $6.83M to $7.96M.
What is the long-term trend for Rush Street Interactive's payments to develop software?
Over 4 years (2021 to 2025), Rush Street Interactive's payments to develop software has grown at a 62.6% compound annual growth rate (CAGR), from $4.09M to $28.59M.
What does payments to develop software mean?
This metric captures the cash outflows dedicated to the internal development or enhancement of proprietary software platforms. For technology-driven companies, this represents a core capital investment in future product capabilities and competitive differentiation. High levels of spending indicate a focus on long-term innovation and infrastructure scalability.