Company: RSI
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001793659-25-000193
Chunk: 19

Company: Rush Street Interactive, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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53)— 2,380 (2,380)— Balance at September 30, 2024 (Unaudited)83,583,534 $8 142,088,928 $14 $209,210 $(1,514)$(137,954)$69,764 $119,037 $188,801 

See accompanying notes to unaudited condensed consolidated financial statements.

F-5

RUSH STREET INTERACTIVE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Amounts in thousands)

Nine Months EndedSeptember 30,20252024(Unaudited)(Unaudited)Cash flows from operating activitiesNet income$54,887 $748 Adjustments to reconcile net income to net cash provided by operating activitiesDeferred income taxes (121,409)204 Tax receivable agreement expense113,037 — Depreciation and amortization expense29,506 23,127 Share-based compensation expense21,290 26,574 Noncash lease expense740 671 Changes in operating assets and liabilities:Players’ receivables(6,603)(1,762)Due from affiliates804 16,618 Prepaid expenses and other assets(4,506)(5,703)Accounts payable, accrued expenses and other liabilities4,087 21,652 Players’ liabilities4,082 (1,576)Net cash provided by operating activities95,915 80,553 Cash flows from investing activitiesInternally developed software costs(21,612)(18,393)Acquisition of gaming licenses(3,178)(3,544)Acquisition of other intangible assets(2,233)(1,662)Short-term investments(1,029)(1,862)Purchases of property and equipment(590)(754)Acquisition of developed technology(225)— Net cash used in investing activities(28,867)(26,215)Cash flows from financing activitiesPayments for employee taxes related to shares withheld(24,400)— Repurchase of Class A Common Stock(7,634)— Principal payments of finance lease liabilities(2,369)(749)Proceeds from exercise of stock options— 67 Net cash used in financing activities(34,403)(682)Effect of exchange rate changes on cash, cash equivalents and restricted cash12,152 (4,274)Net change in cash, cash equivalents and restricted cash44,797 49,