Property and Equipment, Net

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

As set forth in the table below, property and equipment, net as of December 31, 2025 and 2024 are $7.7 million and $7.2 million, respectively. The balances as of December 31, 2025 and 2024 also include finance lease right-of-use assets, net. The balances consist of the following:


	December 31,
($ in thousands)	2025		2024
Computers, software and related equipment	$	5,280	$	4,427
Operating equipment and servers	3,450		3,231
Furniture	1,344		1,143
Leasehold improvements	1,881		1,797
Property and equipment not yet placed into service	—		199
Total property and equipment	11,955		10,797
Less: accumulated depreciation	(9,510)		(7,732)
	2,445		3,065

Finance lease right-of-use assets	10,527		7,041
Less: accumulated amortization	(5,232)		(2,867)
	5,295		4,174

Property and equipment, net	$	7,740	$	7,239

The Company recorded depreciation expense on property and equipment of $1.6 million, $2.1 million and $3.8 million for the years ended December 31, 2025, 2024 and 2023, respectively. The Company recorded amortization expense on finance lease right-of-use assets of $2.4 million, $1.8 million and $1.3 million for the years ended December 31, 2025, 2024 and 2023, respectively

Rush Street Interactive, Inc. 10-K