Net Loss Per Share and Net Loss Attributable to Common Stockholders

3 Months Ended

Mar. 31, 2026

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 March 31,
		2026		2025
Numerator:
Net loss		$	(3,955)	$	(4,241)
Less: net income attributable to noncontrolling interest		129		162
Net loss attributable to common stockholders		$	(4,084)	$	(4,403)
Denominator:
Weighted-average common shares outstanding – basic and diluted		32,404,261		32,546,024
Net loss per share attributable to common stockholders - basic and diluted		$	(0.13)	$	(0.14)

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 Months Ended March 31,
	2026	2025
Redeemable convertible preferred stock	11,865,046	11,865,046
Restricted stock units	9,320,642	8,968,830
Performance stock units	3,018,867	3,018,867
Restricted stock options	6,500	6,500
Total anti-dilutive securities	24,211,055	23,859,243