RSI Reports Record Quarterly Revenue of $324.9m in Q4 with Annual Net Income Reaching $74m

The gaming operator achieved revenue growth of 28% during the fourth quarter of 2025. The company set a quarterly record with $44.1m in adjusted EBITDA.

Key Points

• Fourth quarter 2025 net income rose 193.8% hitting $19.1m. Annual net income for RSI grew from $7.2m the year before.
• Fiscal 2025 brought $153.7m in total adjusted EBITDA for the company. Results improved 66% when compared year-over-year with past figures.
• US and Canadian monthly active users expanded 37% during Q4 2025. User count passed 278,000 as Latin American users increased 47% to 493,000.

Rush Street Interactive has unveiled its financial results for Q4 and fiscal year 2025. The company established new quarterly benchmarks in net revenue and adjusted EBITDA performance. Annual revenue throughout the full-year period climbed 23% to reach $1.1bn total.

RSI Delivers Record-Breaking Results During Fourth Quarter 2025

Net revenue throughout the fourth quarter of 2025 climbed 28% to $324.9m. RSI disclosed an adjusted EBITDA figure of $44.1m, which increased 44% year-over-year. The company’s net income for Q4 2025 expanded 193.8% to $19.1m overall. Adjusted sales and marketing costs reached $30.6m and accounted for 14% of total revenue. The gaming operator successfully expanded its monthly active user base across North America. US and Canadian users increased by 37% for an average exceeding 278,000 total. Online casino participants alone demonstrated a 51% growth rate during this period. RSI’s customer base within Latin American markets also expanded from the previous year’s figures. The region surpassed 493,000 monthly active users and demonstrated 47% growth overall.

RSI disclosed income from operations totalling just above $28.7m for Q4 2025. This figure represents a substantial increase of 123.3% from prior year results. The company managed to establish new quarterly benchmarks in revenue and adjusted EBITDA. These achievements occurred despite experiencing a 25.2% rise in operating costs to $291.2m.

Strong Q4 Performance Concludes RSI’s Successful Fiscal Year 2025

RSI produced slightly above $1.1bn in net revenue throughout fiscal year 2025. This performance equals a 23% improvement from the previous annual period results. Fiscal 2025 net income of $74m improved from the $7.2m achieved during 2024. The adjusted EBITDA increased 66% to $153.7m for the complete year.  RSI announced that net revenue and adjusted EBITDA both surpassed guidance targets. The company has now established fiscal 2026 guidance at $1.375bn-$1.425bn for revenue. Adjusted EBITDA guidance for the upcoming year ranges between $210m-$230m overall.

The gaming operator successfully increased income from operations by 249% to $87.4m. Operating expenses for RSI expanded 18.2% to reach $1bn during the period. Adjusted sales and marketing costs for RSI throughout fiscal 2025 reached $158.4m. This sum represents 14% of the company’s yearly income. The figure dropped from 16.9% recorded in 2024.