Rush Street Interactive, Inc. 10-Q

Financial Statements (unaudited)

Item 1. Financial Statements RUSH STREET INTERACTIVE, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in thousands except for share and per share data) June 30, 2026 December 31, 2025 (Unaudited) ASSETS Current assets Cash and cash equivalents $ 339,910 $ 336,256 Restricted cash 2,827 4,248 Players’ receivables 25,385 15,859 Due from affiliates 15,117 19,947 Prepaid expenses and other current assets 41,525 30,481 Total current assets 424,764 406,791 Intangible assets, net 79,545 76,436 Property and equipment, net 6,975 7,740 Deferred tax assets, net 272,876 157,862 Other assets 9,124 9,683 Total assets $ 793,284 $ 658,512 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities Accounts payable $ 33,210 $ 41,585 Accrued expenses 95,141 81,514 Players’ liabilities 48,694 47,669 Other current liabilities 23,715 39,506 Total current liabilities 200,760 210,274 Tax receivable agreement liability, non-current 238,930 128,819 Other non-current liabilities 14,706 15,928 Total liabilities 454,396 355,021 Commitments and contingencies (Note 13) Stockholders’ equity Class A common stock, $ 0.0001 par value, 750,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 115,463,461 and 100,691,255 shares issued as of June 30, 2026 and December 31, 2025, respectively; 115,463,461 and 99,958,236 shares outstanding as of June 30, 2026 and December 31, 2025, respectively 12 10 Class V common stock, $ 0.0001 par value, 200,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 116,305,345 and 129,609,532 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 12 13 Treasury stock, at cost; nil and 733,019 shares as of June 30, 2026 and December 31, 2025, respectively — ( 3,177 ) Additional paid-in capital 260,716 251,579 Accumulated other comprehensive income 6,341 1,431 Accumulated deficit ( 82,005 ) ( 102,621 ) Total stockholders’ equity attributable to Rush Street Interactive, Inc. 185,076 147,235 Non-controlling interests 153,812 156,256 Total stockholders’ equity 338,888 303,491 Total liabilities and stockholders’ equity $ 793,284 $ 658,512 See accompanying notes to unaudited condensed consolidated financial statements. F-1 Table of Contents RUSH STREET INTERACTIVE, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Amounts in thousands except for share and per share data) Three Months Ended June 30, Six Mont