Rush Street Interactive (RSI) reported a robust revenue increase of 38.8% in Q3 2026, totaling $385.9 million. This figure marks a substantial rise from the $277.9 million generated during the same quarter in 2025. However, the revenue fell slightly short of expectations, missing the analyst consensus estimate of $388.6 million by 0.7%.
During the three months ending September 30, the company's financial performance continued its positive trend. RSI has achieved an annualized revenue growth of 30.7% over the past two years, outpacing its five-year compound annual growth rate of 26.4%. Analysts remain optimistic, predicting a further 20% revenue growth in the next 12 months, although this growth rate is expected to decelerate compared to the previous two years.
The earnings data provided a market capitalization estimate for RSI at approximately $1.78 billion. Notably, adjusted earnings per share hit $0.15, exceeding estimates of $0.13 by 12.1%. Additionally, adjusted EBITDA reached $62.22 million, surpassing the predicted $54.67 million by 13.8%.
Net income nearly doubled to $28.7 million from $14.8 million in the prior year, with the operating margin at 11.1%. RSI also maintained its full-year adjusted EBITDA forecast between $245 million and $265 million, aligning the midpoint of $255 million with analyst consensus.
The company recorded 907,881 monthly active users, a 42% increase compared to the previous year. North America accounted for 300,572 monthly active users, reflecting a 34% rise since Q3 2025. In Latin America, particularly Mexico, there were 607,308 monthly active users, marking a 46% growth.
Chief Executive Officer Richard Schwartz emphasized the strong balance sheet entering the fourth quarter, providing the company with significant flexibility in its investment strategy. Overall, despite narrowly missing revenue expectations, the company showcased impressive adjusted earnings across its financial metrics.
