RSI sets quarterly record with $370.4m revenue, $26.2m net income for Q1

Rush Street Interactive (RSI) has reported its financial results during Q1 2026, having set new quarterly records in net revenue, adjusted EBITDA and net income. The operator’s revenue totaled $370.4m for the first quarter of 2026, equating to growth of 41% year-over-year. 

“The continued acceleration we've seen in revenue and player growth is particularly exciting,” RSI CEO Richard Schwartz said. 

“Looking ahead, we have tremendous confidence in our trajectory. We're executing well, growing our player base rapidly and profitably and preparing for an exciting new market launch in Alberta.”

RSI generated a net income of $26.2m during Q1 2026, representing a significant increase of 134%, while the operator’s adjusted EBITDA rose 81% to $60.2m. Adjusted sales and marketing expenses produced $46.2m of revenue for Q1 2026 and accounted for 12.5% of RSI’s total net revenue during the quarterly period. 

The operator also managed to increase its monthly active user base by 51% from the prior year period to 839,000 players, including 296,000 from North America and approximately 543,000 across LatAm. The figures equate to 46% year-over-year growth in North America and a 54% increase in LatAm monthly users. 

After witnessing quarterly records in net revenue and adjusted EBITDA during Q1 2026, RSI updated its FY2026 guidance to expect between $1.49bn and $1.54bn in net revenue for the full-year period, as well as $230-$250m in adjusted EBITDA. 

If RSI is able to meet both estimations during the full-year period, the projected figures would represent increases of 31-36% for net revenue and 50-63% for adjusted EBITDA. 

RSI also reported a 32.4% increase in operating expenses during Q1 2026 to $327.6m, including $238.2m from costs of revenue and $47.4m in sales and marketing initiatives. 

In February 2026, RSI’s casino and sportsbook brand, BetRivers, began the process of pre-registration in Alberta, having built a presence across Ontario since 2022. 

Alberta’s iGaming regulatory framework was prepared in advance, allowing operators such as BetRivers to formulate strategies and implement early sign-up processes.