Every material Form 8-K Rush Street Interactive filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Rush Street Interactive reported third-quarter 2025 revenue of $277.9 million, up 20% from a year earlier, and net income of $14.8 million, up from $3.2 million. It also raised its full-year 2025 revenue and Adjusted EBITDA guidance, which matters to shareholders because it signals higher expected results for the year.
Q3 revenue was $277.9 million, up 20% from $232.1 million in Q3 2024.
Q3 net income was $14.8 million versus $3.2 million; diluted EPS was $0.06 versus $0.01.
Adjusted EBITDA was $36.0 million, up 54% from $23.4 million.
2025 revenue guidance was raised to $1.1 billion to $1.12 billion, and Adjusted EBITDA guidance to $147 million to $153 million.
Rush Street Interactive promoted Chief Financial Officer Kyle Sauers to President, effective October 15, 2025, and he will keep the CFO title. His base salary rose to $650,000 and he received a one-time restricted stock unit grant valued at $1,000,000, vesting over four years.
Kyle Sauers, 54, promoted to President effective October 15, 2025, while continuing as CFO, a role he has held since October 2020
Base salary increased to $650,000; long-term incentives to be at least six times annualized base salary; short-term target remains 90%
One-time restricted stock unit grant valued at $1,000,000, vesting in equal installments over four years
CEO Richard Schwartz says he will focus more on innovation, online casino legalization, regulatory advocacy and strategic opportunities
Rush Street Interactive reported second-quarter 2025 revenue of $269.2 million, up 22% from a year earlier, and net income of $28.8 million, compared with a net loss of $0.3 million in the second quarter of 2024. The company raised its full-year 2025 revenue and Adjusted EBITDA guidance, which points to higher expected results for shareholders, though GAAP results include a $112.7 million tax receivable agreement expense in the quarter.
Revenue was $269.2 million, up 22% from $220.4 million in the second quarter of 2024.
Net income was $28.8 million, versus a net loss of $0.3 million a year earlier; the quarter included $112.7 million of tax receivable agreement expense.
Adjusted EBITDA was $40.2 million, up 88% from $21.4 million.
2025 revenue guidance was raised to $1,050 million to $1,100 million, and Adjusted EBITDA guidance to $133 million to $147 million.
Rush Street Interactive reported first-quarter 2025 revenue of $262.4 million, up 21% from a year earlier, and net income of $11.2 million, compared with a net loss of $2.2 million in the first quarter of 2024. Adjusted EBITDA rose 95% to $33.2 million, and the company reiterated its full-year 2025 revenue and Adjusted EBITDA guidance, which shows profit improving while the outlook was held steady rather than raised.
Revenue was $262.4 million, up 21% from $217.4 million in Q1 2024.
Net income was $11.2 million, versus a net loss of $2.2 million a year earlier; diluted EPS was $0.05.
Adjusted EBITDA was $33.2 million, up 95% from $17.1 million.
Full-year 2025 guidance was reiterated: revenue of $1,010 million to $1,080 million and Adjusted EBITDA of $115 million to $135 million.
On March 19, 2025, Rush Street Interactive's board increased its size from nine to eleven directors and appointed Jack Markell and Andrew Bluhm, both effective immediately. The filing says Markell is independent, while Bluhm is not, and Bluhm's father, Neil Bluhm, is the company's Executive Chairman. The filing reports no financial results, and committee assignments will be decided later.
Board size increased from nine to eleven directors on March 19, 2025.
Jack Markell, former Governor of Delaware, appointed Class III director; term runs until the 2026 annual meeting.
Andrew Bluhm, founder and managing principal of Delaware Street Capital, appointed Class I director; term runs until the 2027 annual meeting; not independent.
Both directors were designated by Rush Street Interactive GP, LLC under an Investor Rights Agreement dated December 29, 2020.
Rush Street Interactive reported fourth-quarter 2024 revenue of $254.2 million, up 31% year over year, and net income of $6.5 million compared with a net loss of $5.5 million a year earlier. For full-year 2024, revenue rose 34% to $924.1 million and net income was $7.2 million, versus a net loss of $60.1 million in 2023. The company also initiated 2025 guidance of $1,010 million to $1,080 million in revenue and $115 million to $135 million in Adjusted EBITDA.
Q4 2024 revenue was $254.2 million, up 31% from $193.9 million; net income was $6.5 million versus a net loss of $5.5 million in Q4 2023.
Full-year 2024 revenue was $924.1 million, up 34%, and net income was $7.2 million versus a net loss of $60.1 million in 2023.
2025 guidance: revenue of $1,010 million to $1,080 million and Adjusted EBITDA of $115 million to $135 million, with no prior guidance to compare against.
Q4 2024 Adjusted EBITDA was $30.6 million versus $11.5 million a year earlier; unrestricted cash and cash equivalents were $229 million at December 31, 2024.
Rush Street Interactive said on January 14, 2025 that it and Chief Information Officer Einar Roosileht agreed to end his engagement so he could pursue other opportunities, with the company stating the departure was not due to any disagreement. The company has hired a global executive search firm to find a replacement, and Roosileht's separation date will be the earlier of December 31, 2025 or the completion of his replacement's transition.
Separation date is the earlier of December 31, 2025 or completion of the replacement's transition
Roosileht keeps current pay through December 31, 2025, and is eligible for a pro-rated annual bonus with a 80% target
Restricted stock units, stock options and performance share units continue vesting through December 31, 2025; remaining unvested awards are forfeited
A 12-month lockup applies to certain equity Roosileht owns, along with non-compete and non-solicit terms
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Rush Street Interactive filing is on SEC EDGAR ↗. 8-K briefs of other companies →