Net Loss Per Share and Net Loss Attributable to Common Stockholders

9 Months Ended

Sep. 30, 2025

Net Loss Per Share and Net Loss Attributable to Common Stockholders

The following table presents the calculation of basic and diluted net loss per share attributable to Rise Companies Corp. Class A, Class B, and Class F common stockholders (in thousands, except share and per share data):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Numerator:
Net loss	$	(2,916)	$	(1,456)	$	(8,829)	$	(4,480)
Less: net income attributable to noncontrolling interest	163		155		490		1,002
Net loss attributable to common stockholders	$	(3,079)	$	(1,611)	$	(9,319)	$	(5,482)
Denominator:
Weighted-average common shares outstanding – basic and diluted	32,491,518		32,792,905		32,514,384		32,944,036
Net loss per share attributable to common stockholders - basic and diluted	$	(0.09)	$	(0.05)	$	(0.29)	$	(0.17)

The following potential common shares were excluded from the calculation of diluted net loss per share attributable to Rise Companies Corp. Class A, Class B, and Class F common stockholders because their effect would have been anti-dilutive or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period:


	Three and Nine Months Ended September 30,
	2025	2024
Redeemable convertible preferred stock	11,865,046	11,865,046
Restricted stock units	8,011,147	8,364,969
Performance stock units	3,018,867	—
Restricted stock options	6,500	11,500
Total anti-dilutive securities	22,901,560	20,241,515