Company: RSI
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001793659-25-000168
Chunk: 39

Company: Rush Street Interactive, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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 is regularly reviewed by the entity’s chief operating decision maker (“CODM”) for purposes of performance assessment and resource allocation.The Company’s CODM is its chief executive officer. The Company manages its operations as a single operating segment that engages in online gaming and retail sports betting business activities. The Company derives its revenues from its gaming offerings such as real-money online casino, online sports betting and retail sports betting (i.e., sports betting services provided at bricks-and-mortar locations), as well as social gaming, which involves free-to-play games using virtual credits that users can earn or purchase. The accounting policies for this segment are consistent with those described in the summary of significant accounting policies. The measure of segment assets is reported on the condensed consolidated balance sheets as total consolidated assets.The Company’s revenue, significant expenses and net income (loss) for its consolidated segment are as follows:Three Months EndedJune 30,Six Months EndedJune 30,($ in thousands)2025202420252024Revenue$269,217 $220,379 $531,624 $437,807 Less:Costs of revenue(1)174,068 144,182 344,888 288,435 Sales and marketing(1)36,177 36,254 74,992 74,088 General and administrative(1)18,723 18,500 38,269 36,783 Interest income(2,410)(2,168)(4,345)(3,979)Interest expense229 251 465 503 Depreciation and amortization9,827 7,555 19,318 14,656 Income tax (benefit) expense (115,017)6,396 (109,952)11,696 Other segment items(2)118,790 9,691 127,948 18,116 Consolidated net income (loss)$28,830 $(282)$40,041 $(2,491)_____________________________________(1)    Excludes share-based compensation expense.(2)    Other segment items include share-based compensation expense and tax receivable agreement expense.

F-21

Table of ContentsRUSH STREET INTERACTIVE, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

12.    Related Parties

Affiliated Land-Based CasinosNeil Bluhm and his adult children (including Mr. Andrew Bluhm and Ms. Leslie Bluhm,