Company: RSI
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001793659-25-000111
Chunk: 15

Company: Rush Street Interactive, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 accompanying notes to unaudited condensed consolidated financial statements.

F-5

RUSH STREET INTERACTIVE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Amounts in thousands)

Three Months EndedMarch 31,20252024(Unaudited)(Unaudited)Cash flows from operating activitiesNet income (loss)$11,211 $(2,209)Adjustments to reconcile net income (loss) to net cash provided by operating activitiesShare-based compensation expense8,813 8,425 Depreciation and amortization expense9,491 7,101 Deferred income taxes100 (697)Noncash lease expense224 194 Changes in operating assets and liabilities:Players’ receivables(1,449)(2,992)Due from affiliates(2,832)12,879 Prepaid expenses and other assets(35)(5,963)Accounts payable, accrued expenses and other liabilities4,760 14,504 Players’ liabilities(1,571)(334)Net cash provided by operating activities28,712 30,908 Cash flows from investing activitiesInternally developed software costs(6,831)(6,335)Acquisition of other intangibles(276)(259)Acquisition of developed technology(225)— Purchases of property and equipment(161)(278)Acquisition of gaming licenses(61)(413)Short-term investments— (128)Net cash used in investing activities(7,554)(7,413)Cash flows from financing activitiesPayments for employee taxes related to shares withheld(20,366)— Repurchase of Class A Common Stock(5,162)— Principal payments of finance lease liabilities(1,650)(182)Net cash used in financing activities(27,178)(182)Effect of exchange rate changes on cash, cash equivalents and restricted cash5,274 26 Net change in cash, cash equivalents and restricted cash(746)23,339 Cash, cash equivalents and restricted cash, at the beginning of the period (1)232,756 170,977 Cash, cash equivalents and restricted cash, at the end of the period (1)$232,010 $194,316 

F-6

Three Months EndedMarch 31,20252024(Unaudited)(Unaudited)Supplemental disclosure of noncash investing and financing activities:Right-of-use assets obtained in exchange for new or modified operating lease liabilities$93 $— Right-of