Rush Street Interactive has reported financial results for the fourth quarter and full year ended 31 December 2025, posting year-on-year revenue growth and higher profitability across its igaming and online sports betting operations in the Americas. The company recorded Q4 revenue of $324.9m, representing a 28% increase from $254.2m in the same period last year, while net income for the quarter rose to $19.1m compared with $6.5m in Q4 2024. Adjusted EBITDA reached $44.1m for the quarter, up 44% year-on-year.
For the full year, Rush Street Interactive reported revenue of $1.134bn, exceeding the upper end of its prior guidance and representing 23% growth versus 2024. Full-year net income reached $74.0m, compared with $7.2m a year earlier, while Adjusted EBITDA totalled $153.7m, up 66% year-on-year. The operator said adjusted sales and marketing spend represented 14% of revenue for 2025, down from 16.9% in the previous year.
Operational metrics showed continued expansion of the company’s igaming and online casino footprint. Monthly active users in the United States and Canada exceeded 278,000 during the quarter, up 37% year-on-year, while Latin American MAUs surpassed 493,000, up 47%. Average revenue per monthly active user was reported at $331 in the US and Canada and $32 in Latin America.
Rush Street Interactive ended 2025 with unrestricted cash and cash equivalents of $336m. Looking ahead, the company has initiated full-year 2026 revenue guidance of between $1.375bn and $1.425bn, alongside Adjusted EBITDA guidance of between $210m and $230m, based on its existing market footprint and current tax and regulatory structures.
Richard Schwartz, Chief Executive Officer of RSI, said, “We are thrilled to report an extraordinary 2025, delivering record-breaking performance across virtually every key metric. This exceptional performance reflects broad-based strength across all geographies and product verticals, as well as significant growth in our player base. During the fourth quarter, our monthly active users in North American online casino markets grew at the second fastest rate in four and a half years, which again drove outstanding growth in revenues. In addition, quarterly and annual results in Latin America demonstrated remarkable strength and resilience through regulatory headwinds. This broad-based growth drove record profits and demonstrates the powerful operating leverage that we’ve built within our business model.
“What makes our 2025 results particularly compelling is that they stem from systematic improvements we’ve made across nearly every aspect of our business – from customer acquisition and retention strategies to technological innovation and operational excellence. Our continued focus on providing a player-first experience has allowed us to grow and differentiate our brand.
“Looking ahead to 2026, we have tremendous confidence in our growth trajectory and our ability to continue executing on our strategy. We remain committed to delivering exceptional player experiences while creating long-term value for our shareholders and are confident in our ability to sustain this momentum.”
