Company: RSI
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001793659-25-000193
Chunk: 72

Company: Rush Street Interactive, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 2
Chunk 72
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 2025 as compared to $2.0 million for the same period in 2024. The increase in interest income was mainly attributed to higher amounts of cash held in interest-bearing accounts and money market funds as compared to the same period in 2024.

Income Tax Expense. Income tax expense increased by $1.9 million, or 36%, to $7.2 million for the three months ended September 30, 2025 as compared to $5.3 million for the same period in 2024. Income tax expense is primarily attributable to the profitability of our foreign operations for which both current and deferred taxes are recorded. Income tax expense as a percentage of revenue increased to 3% for the three months ended September 30, 2025 as compared to 2% for the same period in 2024. 

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Comparison of the Nine Months Ended September 30, 2025 and 2024

Nine Months EndedSeptember 30,Change($ in thousands)20252024$%Revenue$809,535 $669,916 $139,619 21 %Costs of revenue528,496 440,414 88,082 20 %Sales and Marketing118,314 114,600 3,714 3 %General and administrative74,505 79,582 (5,077)(6)%Depreciation and amortization29,506 23,127 6,379 28 %Income from operations58,714 12,193 46,521 382 %Tax receivable agreement expense(113,037)— (113,037)100 %Interest income, net6,435 5,525 910 16 %(Loss) Income before income taxes(47,888)17,718 (65,606)(370)%Income tax (benefit) expense(102,775)16,970 (119,745)n/mNet income$54,887 $748 $54,139 n/m*n/m means not meaningful

Revenue. Revenue increased by $139.6 million, or 21%, to $809.5 million for the nine months ended September 30, 2025 as compared to $669.9 million for the same period in 2024. The increase was mainly due to and directly correlated with our continued growth across existing markets and expansion into new markets. The increase reflects higher period-over-period online casino and sports betting