RSI revenue +46% on Alberta launch and World Cup; net income -60% as tax drag offsets 90% operating gain

Filed July 30, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 31, 2025 · ~2 min read

Key Changes

• high

  Operating income rose 90% YoY to $46.2M, but net income fell 60% to $11.5M as a $135.4M income tax expense more than offset $113.9M in non-operating gains and a $5.6M noncontrolling interest drag (net below-the-line swing: -$27.0M).

  MD&A: Operating Results verify on EDGAR →
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  Launched real-money online casino and sports betting in Alberta, Canada in July 2026, expanding international footprint to five markets; Latin America revenue surged 195% YoY to $107.9M in Q2.

  MD&A: Geographic Expansion verify on EDGAR →
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  TRA liability more than doubled from $112.7M to $238.9M as 13.3M RSILP Unit exchanges increased the company's tax basis; company ownership of RSILP rose from 41.69% to 49.82%, approaching majority control.

  Notes: Tax Receivable Agreement verify on EDGAR →