Company: RSI
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001793659-25-000111
Chunk: 23

Company: Rush Street Interactive, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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)$39,945December 31, 20242.19$68,291 $(29,346)$38,945Developed TechnologyMarch 31, 20254.65$6,381 $(2,424)$3,957December 31, 20244.89$6,381 $(2,224)$4,157Other Intangible Assets(1)March 31, 20251.88$7,629 $(4,171)$3,458December 31, 20242.08$7,373 $(3,570)$3,803_____________________________(1)Other intangible assets include trademarks, media content, customer lists and software licenses.Amortization expense was $8.5 million for the three months ended March 31, 2025 and $6.1 million for the same period in 2024.

5.    Property and Equipment, net

The Company had the following property and equipment, net as of March 31, 2025 and December 31, 2024:($ in thousands)March 31,2025December 31, 2024Computers, software and related equipment$4,550 $4,427 Operating equipment and servers3,237 3,231 Furniture1,271 1,143 Leasehold improvements1,884 1,797 Property and equipment not yet placed into service199 199 Total property and equipment11,141 10,797 Less: accumulated depreciation(8,267)(7,732)2,874 3,065 Finance lease right-of-use assets10,132 7,041 Less: accumulated amortization(3,471)(2,867)6,661 4,174 Property and equipment, net$9,535 $7,239 

F-12

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

The Company recorded depreciation expense on property and equipment of $0.4 million and $0.6 million for the three months ended March 31, 2025 and 2024, respectively. The Company recorded amortization expense on finance lease right-of-use assets of $0.6 million and $0.4 million for the three months ended March 31, 2025 and 2024, respectively.

6.    Accrued Expenses