Ricardo Pillai
Mon, June 8, 2026 astatine 12:34 PM CDT 3 min read
Is RSI a bully banal to buy? We came crossed a bullish thesis on Rush Street Interactive, Inc. connected Stay Invested’s Substack by Denis Gorbunov. In this article, we volition summarize the bulls’ thesis connected RSI. Rush Street Interactive, Inc.'s stock was trading astatine $27.08 arsenic of May 27th. RSI’s trailing and guardant P/E were 76.88 and 42.19 respectively according to Yahoo Finance.
Rush Street Interactive (RSI) is an online gaming and sports betting institution that has emerged arsenic a beneficiary of increasing user engagement with integer gambling platforms amid a play of economical uncertainty, inflation, and fiscal stress. The institution focuses chiefly connected iGaming alternatively than sports betting, a strategy that differentiates it from larger competitors and provides higher-margin, much predictable gross streams.
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Management believes casino players make importantly greater beingness worth than sports-betting-only users, making the casino conception the instauration of RSI’s concern model. The institution has built a technology-driven ecosystem focused connected lawsuit acquisition and retention done personalized promotions, societal gaming products, instant payouts, and AI-powered engagement tools that promote recurring enactment portion improving selling efficiency.
This strategy is translating into beardown fiscal results, with first-quarter 2026 gross expanding 41% year-over-year, adjusted EBITDA rising 81%, and nett income reaching a grounds $26.2 million, marking the company’s eighth consecutive profitable quarter. Monthly progressive users grew 51% to 839,000, supported by beardown enlargement successful some North America and Latin America. RSI besides maintains a debt-free equilibrium expanse with $330 cardinal successful currency and raised its full-year 2026 guidance, expecting gross maturation of 31% to 36% and EBITDA maturation of 50% to 63%.
Looking ahead, enlargement into Alberta provides different maturation avenue, portion Latin America represents the company’s largest semipermanent opportunity, with large markets specified arsenic Brazil and Argentina inactive untapped. The 2026 FIFA World Cup successful North America could further accelerate idiosyncratic enactment and betting volumes. While regulatory changes and taxation stay risks, RSI’s rising profitability, accelerating idiosyncratic growth, expanding geographic footprint, and improving operating leverage enactment a bullish outlook, with the institution appearing good positioned to prolong its maturation trajectory and perchance execute further banal appreciation from existent levels.

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