Rush Street Interactive, Inc. (RSI) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 18.5% of current shares
Recent Dilution: 25.07% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
100M
Potential Supply
19M
Additional shares possible
Splits
None
Past 2 years

Summary

RSI currently has 102M outstanding shares. with limited dilution risk as only 18.9M additional shares (18.5%) are authorized for issuance. The company has significantly diluted shareholders by 25.07% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 07, 2026

8-K filing: Selling shareholders sold 10,000,000 shares of Class A common stock to underwriters at $24.96 per share, and the underwriters exercised their option to purchase an additional 1,500,000 shares; the company repurchased 1,153,846 shares from the underwriters at $24.96 per share. ($28.8M proceeds)

100M 19M
Apr 29, 2026

10-Q filing | 102.2M shares outstanding

100M 19M
Oct 30, 2025

10-Q filing | 96.2M shares outstanding

96M 19M
Jul 31, 2025

10-Q filing | 95.1M shares outstanding

95M 19M
May 01, 2025

10-Q filing | 93.9M shares outstanding

94M 19M
Feb 28, 2025

10-K filing | 88.4M shares outstanding

88M 19M
Oct 31, 2024

10-Q filing | 82.8M shares outstanding

83M 19M
Aug 01, 2024

10-Q filing | 80.0M shares outstanding

80M 19M
May 02, 2024

10-Q filing | 76.0M shares outstanding

76M 19M
Mar 07, 2024

10-K filing | 76.5M shares outstanding

77M 19M
Nov 02, 2023

10-Q filing | 69.7M shares outstanding

70M 19M
Aug 03, 2023

10-Q filing | 67.4M shares outstanding

67M 19M
May 04, 2023

10-Q filing | 65.3M shares outstanding

65M 19M
Mar 02, 2023

10-K filing | 63.5M shares outstanding

64M 19M
Nov 03, 2022

10-Q filing | 64.1M shares outstanding

64M 19M
Sep 28, 2022

POS AM filing: This prospectus relates to the offer and sale, from time to time, by the selling holders of up to 168,321,808 shares of Class A common stock.

64M 19M
Sep 28, 2022

POS AM filing: This prospectus relates to the offer and sale, from time to time, by the selling stockholders identified in this prospectus of up to 16,043,002 shares of our Class A common stock.

64M 19M
Aug 05, 2022

10-Q filing | 64.0M shares outstanding

64M 19M
May 06, 2022

10-Q filing | 61.8M shares outstanding

62M 19M
Apr 29, 2022

POS AM filing: This prospectus relates to the offer and sale of up to 16,043,002 shares of Class A common stock by the selling stockholders, which were issued in a private placement pursuant to the terms of the Subscription Agreements in connection with the Business Combination.

57M 19M
Apr 29, 2022

POS AM filing: This prospectus relates to the offer and sale of up to 168,321,808 shares of Class A common stock by the selling holders.

57M 19M
Mar 07, 2022

10-K filing | 57.4M shares outstanding

57M 19M
Nov 12, 2021

10-Q filing | 59.2M shares outstanding

59M 19M
Aug 13, 2021

10-Q filing | 160.0M shares outstanding

160M 19M
May 24, 2021

POS AM filing: This prospectus relates to the offer and sale of up to 168,321,808 shares of Class A common stock by the selling holders.

160M 19M
May 24, 2021

POS AM filing: This prospectus relates to the offer and sale of up to 16,043,002 shares of Class A common stock by selling stockholders, which were issued in a private placement pursuant to subscription agreements in connection with a business combination.

160M 19M
May 14, 2021

10-Q filing | 160.0M shares outstanding

160M 19M
May 11, 2021

POS AM filing: This is a POS AM filing for Rush Street Interactive, Inc. relating to the offer and sale of up to 16,043,002 shares of Class A common stock by selling stockholders.

160M 19M
May 11, 2021

POS AM filing: This prospectus relates to the offer and sale of up to 168,321,808 shares of Class A common stock by the selling holders.

160M 19M
Mar 25, 2021

10-K filing | 160.0M shares outstanding

160M 230M
Feb 05, 2021

S-1 filing: The filing registers the issuance of Class A Common Stock upon exercise of warrants and the resale of Class A Common Stock and Warrants by Selling Holders.

45M 230M
Dec 16, 2020

S-1 filing: This S-1 filing relates to the resale of up to 16,043,002 shares of Class A common stock by selling stockholders, which are expected to be issued in a private placement in connection with a business combination.

23M 35M
Nov 16, 2020

10-Q filing | 23.0M shares outstanding

23M 19M
Aug 12, 2020

10-Q filing | 1.2M shares outstanding

1.2M 19M
May 07, 2020

10-Q filing | 23.0M shares outstanding

23M 19M
Jan 31, 2020

S-1 filing: This is an S-1 filing related to the sale of units, including common stock, and private placement warrants. The capitalization table provides information on the company's financial structure as of December 31, 2019, both actual and adjusted to reflect the offering.

1.1M 19M
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