Company: RSI
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001793659-25-000168
Chunk: 28

Company: Rush Street Interactive, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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$10,814 $7,013 Deferred revenue, end of period$8,595 $6,582 Revenue recognized during the period from amounts included in deferred revenue at the beginning of the period$10,814 $7,013 

4.Intangible Assets, Net

The Company had the following intangible assets, net as of June 30, 2025 and December 31, 2024:($ in thousands)Weighted-Average Remaining AmortizationPeriod (years)GrossCarryingAmountAccumulatedAmortizationNetLicense FeesJune 30, 20256.17$55,979 $(26,667)$29,312December 31, 20246.85$52,933 $(22,491)$30,442Internally Developed SoftwareJune 30, 20252.12$81,063 $(40,812)$40,251December 31, 20242.19$68,291 $(29,346)$38,945Developed TechnologyJune 30, 20254.37$6,381 $(2,651)$3,730December 31, 20244.89$6,381 $(2,224)$4,157Other Intangible Assets(1)June 30, 20251.81$9,383 $(4,818)$4,565December 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 $8.8 million and $17.3 million for the three and six months ended June 30, 2025, respectively, compared to amortization expense of $6.7 million and $12.8 million for the same respective periods in 2024.

F-12

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

5.    Property and Equipment, net

The Company had the following property and equipment, net as of June 30, 2025 and December 31, 2024:($ in thousands)June 30,2025December 31, 2024Computers, software and related equipment$4,827 $4,427 Operating equipment and servers3,250 3,231 F