What does tax credit carryforward valuation allowance mean?

This is a contra-asset account that reduces the carrying value of tax credit carryforwards when it is more likely than not that some or all of the credits will not be realized. It reflects management's assessment of the company's ability to generate sufficient future taxable income. A high allowance suggests uncertainty regarding the realization of tax benefits.

Rush Street Interactive RSI Tax Credit Carryforward Valuation Allowance

Tax Credit Carryforward Valuation Allowance at other companies

Century CommunitiesCCS

$0—

TIC Solutions TIC

$11.1M—

Bausch Health CompaniesBHC

$2.7B+15.0%

Pathward Financial, Inc.CASH

$3.6M+20.0%

Trex CompanyTREX

$2.2M-15.4%

Crane NXT, Inc.CXT

$51.3M+17.7%

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

See full

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 / equity0×0.0×

Current ratio2×+0.3×

Where this comes from

Reported directly by Rush Street Interactive in its filing.

Tagged under the XBRL concept us-gaap:DeferredTaxAssetsValuationAllowance.

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 tax credit carryforward valuation allowance?: Rush Street Interactive (RSI) reported tax credit carryforward valuation allowance of $98.6M in Q1 2026.
What does tax credit carryforward valuation allowance mean?: This is a contra-asset account that reduces the carrying value of tax credit carryforwards when it is more likely than not that some or all of the credits will not be realized. It reflects management's assessment of the company's ability to generate sufficient future taxable income. A high allowance suggests uncertainty regarding the realization of tax benefits.