Company: RSI
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001793659-25-000047
Chunk: 65

Company: Rush Street Interactive, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 15
Chunk 65
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 operations. However, given the Company’s current earnings and anticipated future earnings, the Company believes that there is a reasonable possibility that within the next 12 months, sufficient positive evidence may become available to allow the Company to reach a conclusion that deferred tax assets and the related TRA liability may be realized. Recognition of the TRA liability would result in an increase to General and administrative expense for the period the liability is recorded. However, the exact timing and amount of the liability to be recorded are subject to change on the basis of the level of profitability that the Company is able to actually achieve.

10.    Earnings (Loss) Per Share 

Basic earnings (loss) per share of Class A Common Stock is computed by dividing net income (loss) attributable to RSI by the weighted-average number of shares of Class A Common Stock outstanding during the period. Diluted earnings (loss) per share of Class A Common Stock is computed by dividing net income (loss) attributable to RSI, adjusted for the assumed exchange of all potentially dilutive securities, by the weighted-average number of shares of Class A Common Stock outstanding adjusted to give effect to potentially dilutive shares.

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Table of ContentsRUSH STREET INTERACTIVE, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The computation of earnings (loss) per share attributable to RSI and weighted-average shares of the Company’s Class A Common Stock outstanding for the years ended December 31, 2024, 2023 and 2022 are as follows (amounts in thousands, except for share and per share amounts):Years EndedDecember 31,202420232022Numerator:Net income (loss)$7,236 $(60,055)$(134,332)Less: Net income (loss) attributable to non-controlling interests4,848 (41,750)(95,701)Net income (loss) attributable to Rush Street Interactive, Inc. – basic and diluted$2,388 $(18,305)$(38,631)DenominatorWeighted average common shares outstanding – basic81,784,916 68,508,093 63,532,906 Adjustments:Incremental shares from assumed conversion of stock options and restricted stock units(1)6,630,151 — — Weighted average common shares outstanding – diluted88,415,067 68,508,093 63,532,906 Earnings (loss) per Class A Common Share - basic$0