Company: RSI
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001793659-25-000047
Chunk: 72

Company: Rush Street Interactive, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 15
Chunk 72
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829 1,272 578 Interest on finance lease liabilities169 85 22 Total lease expenses$3,809 $3,261 $1,987 

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Table of ContentsRUSH STREET INTERACTIVE, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 Additional information relating to leases for the years ended December 31, 2024, 2023 and 2022 was as follows:Years EndedDecember 31,($ in thousands)202420232022Operating cash flows from operating leases$832$732$653Right-of-use assets obtained in exchange for new or modified operating lease liabilities$1,582$210$965Right-of-use assets obtained in exchange for new or modified finance lease liabilities$1,986$2,423$1,124Weighted-average remaining lease term (in years) – operating leases3.02.53.1Weighted-average remaining lease term (in years) – finance leases2.73.43.0Weighted-average discount rate – operating leases9.2 %6.7 %6.2 %Weighted-average discount rate – finance leases5.3 %7.7 %6.0 %The Company calculated the weighted-average discount rate using the interest rates implicit in the lease contract and if not determinable, incremental borrowing rates, which equal the rates of interest that it would pay to borrow funds on a fully collateralized basis over a similar term.The Company records lease activity within the following financial statement line items: AccountFinancial Statement Line ItemOperating lease right-of-use assetOperating lease assetsFinance lease right-of-use asset, netProperty and equipment, netOperating lease liabilitiesOther current liabilities and Non-current liabilitiesFinance lease liabilitiesOther current liabilities and Non-current liabilitiesOperating lease expenseGeneral and administrativeFinance lease amortization expenseDepreciation and amortizationFinance lease interest expenseInterest income (expense), netMaturity of operating lease liabilities as of December 31, 2024 is as follows:($ in thousands)Year ending December 31, 2025$816 Year ending December 31, 2026568 Year ending December 31, 2027490 Year ending December 31, 2028382 Year ending December 31, 202995 Total undiscounted future cash flows2,351 Less: present value discount(308)Operating lease liabilities$2,043 

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Table of ContentsRUSH STREET INTERACTIVE, INC.