TLDR Rush Street Interactive posted Q4 revenue of $324.9m, up 28% year-on-year, with net income rising to $19.1m from $6.5m Full-year 2025 revenue hit $1.134bn, up 23%, beating the top of its own guidance range Full-year net income surged to $74m from $7.2m in 2024; Adjusted EBITDA up 66% to $153.7m US and Canada monthly active users grew 37% YoY; Latin American MAUs up 47% to over 493,000 2026 guidance set at $1.375bn–$1.425bn revenue and $210m–$230m Adjusted EBITDA
Rush Street Interactive wrapped up 2025 with its strongest financial results to date, posting full-year revenue of $1.134bn — a 23% jump from 2024 and above the upper end of its own guidance range.
Full-year net income came in at $74m, a dramatic swing from just $7.2m the year prior. Adjusted EBITDA for the year totalled $153.7m, up 66% year-on-year.
Q4 alone delivered $324.9m in revenue, a 28% increase from the same quarter in 2024 and a new quarterly record for the company. Adjusted EBITDA for the quarter rose 44% to $44.1m.
Net income for Q4 reached $19.1m, compared to $6.5m in Q4 2024.
The user growth numbers are hard to ignore. Monthly active users in the US and Canada exceeded 278,000 during Q4, up 37% year-on-year. Online casino users in North America specifically climbed 51% over the same period.
Latin America also delivered. MAUs in that region topped 493,000 for the quarter, up 47% year-on-year.
Average revenue per monthly active user was $331 in the US and Canada, compared to $32 in Latin America — a gap that reflects the maturity difference between the two markets.
RSI also kept a lid on spending. Adjusted sales and marketing costs dropped to 14% of revenue in 2025, down from 16.9% the prior year — a sign the business is becoming