RSI revenue surges 41% to $370M; net income doubles but TRA payments now expected

Filed April 29, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 1, 2025 · ~2 min read

Key Changes

• high

  Revenue jumped 41% YoY to $370M in Q1 2026 (vs 21% growth prior year), while net income more than doubled to $26M and Adjusted EBITDA rose 81% to $60M, demonstrating strong operating leverage.

  MD&A: Financial Results verify on EDGAR →
• high

  Company now expects $1.2M in Tax Receivable Agreement payments over next 12 months and $132M thereafter—a shift from prior period when no near-term TRA payments were anticipated, suggesting tax benefits have become realizable.

  MD&A: Liquidity verify on EDGAR →
• medium

  US/Canada average revenue per user declined YoY as rapid MAU growth brought in newer, lower-monetizing players—reversing prior period's ARPMAU gains from casino expansion and player quality focus.

  MD&A: ARPMAU Trends verify on EDGAR →