Company: RSI
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001793659-25-000168
Chunk: 59

Company: Rush Street Interactive, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 59
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5 million during the three months ended June 30, 2025 and $7.6 million during the six months ended June 30, 2025, at average prices of $10.55 and $10.41, respectively. 

Cash Flows

The following table shows our cash flows from operating activities, investing activities and financing activities for the six months ended June 30, 2025 and 2024:

Six Months EndedJune 30,($ in thousands)20252024Net cash provided by operating activities$54,499 $51,118 Net cash used in investing activities(19,111)(18,919)Net cash used in financing activities(33,851)(455)Effect of exchange rate changes on cash, cash equivalents and restricted cash7,659 (3,867)Net change in cash, cash equivalents and restricted cash$9,196 $27,877 

Operating activities. Net cash provided by operating activities for the six months ended June 30, 2025 increased by $3.4 million to $54.5 million, as compared to $51.1 million during the same period in 2024. The increase was primarily brought by higher period-over-period net income totaling $42.5 million, which was partially offset by changes in operating assets and liabilities of $32.3 million and decreased non-cash expenses of $6.8 million. The decrease in non-cash expenses was driven primarily by deferred income tax benefit and decrease in share-based compensation expense totaling $121.3 million and $3.2 million, respectively, which was partially offset by tax receivable agreement expense totaling $113.0 million and additional depreciation and amortization totaling to $4.7 million. 

Investing activities. Net cash used in investing activities for the six months ended June 30, 2025 increased by $0.2 million to $19.1 million, as compared to $18.9 million during the same period in 2024. The increase reflects the acquisition of additional other intangible assets totaling $0.8 million, increased costs for internally developed software totaling $0.7 million and acquisition of developed technology totaling $0.2 million. This was partially offset by lower period-over-

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period short-term investments, acquisition of gaming licenses and purchases of property and equipment totaling $0.8 million, $0.4 million and $0.3 million, respectively.  

Financing activities. Net cash used in financing activities