RSI — what changed in the latest 10-Q
A section-by-section comparison of RSI's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-29 vs the prior 10-Q · 2026-07-30
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +27 | −24 | ~22 | 45 |
| Market risk (Item 3) | Text added/removed | +3 | −3 | ~2 | 0 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 2 |
| Legal proceedings | Text added/removed | +5 | −1 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +5 | 0 | ~1 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-29
Comparison of the Three Months Ended September 30, 2026 and 2025
Revenue. Revenue increased by $107.9 million, or 39%, to $385.8 million for the three months ended September 30, 2026 as compared to $277.9 million for the same period in 2025. The increase was mainly due to and directly correlated with our continued growth across existing markets. The increase refl…
Costs of Revenue. Costs of revenue increased by $62.0 million, or 34%, to $245.5 million for the three months ended September 30, 2026 as compared to $183.5 million for the same period in 2025. The increase was mainly due to and directly correlated with our continued growth as noted above. Gaming ta…
Depreciation and Amortization. Depreciation and amortization expense increased by $2.0 million, or 19%, to $12.2 million for the three months ended September 30, 2026 as compared to $10.2 million for the same period in 2025. The increase was mainly due to additional costs to acquire internally devel…
Interest Income, Net. Interest income, net, increased by $1.6 million, or 62%, to $4.2 million for the three months ended September 30, 2026 as compared to $2.6 million for the same period in 2025. The increase in interest income was mainly attributed to higher amounts of cash held in interest-beari…
Text removed vs the prior filing · source: 10-Q · 2026-07-30
Revenue. Revenue increased by $124.6 million, or 46%, to $393.8 million for the three months ended June 30, 2026 as compared to $269.2 million for the same period in 2025. The increase was mainly due to and directly correlated with our continued growth across existing markets. The increase reflects …
Costs of Revenue. Costs of revenue increased by $80.0 million, or 46%, to $254.1 million for the three months ended June 30, 2026 as compared to $174.1 million for the same period in 2025. The increase was mainly due to and directly correlated with our continued growth as noted above. Gaming taxes, …
Sales and Marketing. Sales and marketing expense increased by $12.8 million, or 34%, to $49.9 million for the three months ended June 30, 2026 as compared to $37.1 million for the same period in 2025. The increase was primarily driven by higher marketing spend related to the 2026 FIFA World Cup, the…
Interest Income, Net. Interest income, net, increased by $1.3 million, or 57%, to $3.5 million for the three months ended June 30, 2026 as compared to $2.2 million for the same period in 2025. The increase in interest income was mainly attributed to higher amounts of cash held in interest-bearing ac…
Change in Tax Receivable Agreement Liability. Change in tax receivable agreement liability decreased by $112.7 million to nil for the three months ended June 30, 2026. The decrease was associated with our initial recognition of a TRA liability upon realization of future tax benefits associated with …
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-10-29
As of September 30, 2026, we had cash, cash equivalents and restricted cash of $385.9 million, which consisted primarily of bank deposits, certificates of deposits and money market funds. Such interest-earning instruments carry a degree of interest rate risk; however, due to the relatively short-ter…
We are exposed to foreign currency exchange risk related to our transactions in currencies other than the U.S. Dollar, which is our reporting and functional currency for a majority of our operations. We seek to naturally hedge our foreign exchange transaction exposure by matching the transaction cur…
During the three months ended September 30, 2026, we converted a portion of our cash balances denominated in Colombian Pesos into U.S. Dollars. Because this cash remained in an entity with a Colombian Peso functional currency at September 30, 2026, we recorded a $4.3 million foreign currency remeasu…
Text removed vs the prior filing · source: 10-Q · 2026-07-30
in the ordinary course of our business. Currently, these risks are not material to our financial condition or results of operations, but they may be in the future.
As of June 30, 2026, we had cash, cash equivalents and restricted cash of $342.7 million, which consisted primarily of bank deposits, certificates of deposits and money market funds. Such interest-earning instruments carry a degree of interest rate risk; however, due to the relatively short-term nat…
We are exposed to foreign currency exchange risk related to our transactions in currencies other than the U.S. Dollar, which is our reporting and functional currency for a majority of our operations. We seek to naturally hedge our foreign exchange transaction exposure by matching the transaction cur…
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2026-10-29
On October 9, 2025, Nathan Jennings (“Plaintiff”) filed a Verified Stockholder Class Action Complaint (“Complaint”) in the Delaware Court of Chancery (the “Court”), styled Nathan Jennings v. Rush Street Interactive, Inc., C.A. No. 2025-1153-LWW (the “Action”). The Complaint alleged that Section 6.3 …
The Company proposed the Amendment and, at the Annual Meeting held on June 3, 2026, our stockholders voted to approve the Amendment.
On July 10, 2026, the Court entered a stipulated Order dismissing the Action as moot and retaining jurisdiction to determine Plaintiff’s counsel’s application for an award of attorneys’ fees and expenses (the “Dismissal Order”). The Dismissal Order was entered by the Court without a finding of wrong…
Following entry of the Dismissal Order, the parties engaged in arm’s-length negotiations, pursuant to which we and/or our insurer(s) have agreed to pay Plaintiff’s counsel $120,000 in attorneys’ fees (inclusive of expenses) (the “Mootness Fee”) in full settlement for any claim by Plaintiff or Plaint…
In addition to the above action, we are subject to various other legal proceedings and claims that arise in the ordinary course of business. In our opinion, the amount of ultimate liability with respect to any of these actions is unlikely to materially affect our financial condition, results of oper…
Text removed vs the prior filing · source: 10-Q · 2026-07-30
In our opinion, the amount of ultimate liability with respect to any of these actions is unlikely to materially affect our financial condition, results of operations or liquidity, though the outcomes could be material to our operating results for any particular period, depending, in part, upon the o…
Other information
Text added vs the prior filing · source: 10-Q · 2026-10-29
(Y/N)1Aggregate Number of Securities Subject to Trading Arrangement2
1 Denotes whether the trading plan is intended, when adopted, to satisfy the affirmative defense of Rule 10b5-1 (c).
2 The aggregate number of shares to be sold may differ based on tax withholdings for vesting equity awards and actual market achievement for performance stock units. The amount listed for such officer reflects the maximum number of shares available to be sold without reducing estimated shares to be …
3 Represents the adoption of a Rule 10b5-1 trading plan by Mr. Schwartz individually and by trusts affiliated with him. The plans provide for the potential sale of up to 1,220,991 shares of the Class A Common Stock by Mr. Schwartz, up to 278,978 shares by the Richard T. Schwartz Revocable Trust U/A …
4 Represents the adoption of a Rule 10b5-1 trading plan by trusts affiliated with Mr. Stetz. The plans provide for the potential sale of up to 270,866 shares of Class A Common Stock by Mr. Stetz and up to 84,116 shares by OAN Trust, of which Mr. Stetz’s spouse serves as trustee.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice