Company: RSI
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001793659-25-000168
Chunk: 24

Company: Rush Street Interactive, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 contracted services and deposits paid in advance. As of June 30, 2025 and December 31, 2024, the Company had prepaid expenses of $7.4 million and $5.5 million, respectively. Short-term investments consist of certificates of deposit with an original maturity greater than three months but not greater than one year. As of June 30, 2025 and December 31, 2024, the Company had short-term investments of $5.8 million and $4.3 million, respectively. Surety BondsThe Company had been issued $31.1 million in surety bonds as of June 30, 2025 and December 31, 2024 that are used to satisfy regulatory requirements related to securing cash held for the benefit of customers.The Company had been issued $6.3 million and $6.1 million in surety bonds as of June 30, 2025 and December 31, 2024, respectively, to satisfy regulatory requirements necessary to operate in certain jurisdictions.There have been no claims against any of the Company’s surety bonds, and the likelihood of future claims is expected to be remote.Foreign Currency Gains and LossesThe Company’s reporting currency is the U.S. dollar while the functional currency of its subsidiaries not deemed to be the U.S. dollar include the Colombian Peso, Mexican Peso, Canadian Dollar, and Peruvian Soles. The financial statements of non-U.S. subsidiaries are translated into the U.S. dollar in accordance with Accounting Standards Codification (“ASC”) 830, Foreign Currency Matters, using period-end exchange rates for assets and liabilities, and average exchange rates for the period for revenues, costs and expenses. The U.S. dollar effects that arise from translating the net assets of these 

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

subsidiaries at changing rates are recorded in the foreign currency translation adjustment account, which is included in equity as a component of accumulated other comprehensive loss.If transactions are recorded in a currency other than the functional currency, remeasurement into the functional currency is required and may result in transaction gains or losses. Transaction gains were $0.1 million for both the three and six months ended June 30, 2025, compared to losses of $1.3 million and $1.7 million for the same respective periods in