Company: RSI
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001793659-25-000111
Chunk: 31

Company: Rush Street Interactive, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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2024 were as follows (amounts in thousands, except for share and per share amounts):Three Months EndedMarch 31,20252024Numerator:Net income (loss)$11,211 $(2,209)Less: Net income (loss) attributable to non-controlling interests5,892 (1,482)Net income (loss) attributable to Rush Street Interactive, Inc. – basic$5,319 $(727)Effect of dilutive securities:Increase to net income attributable to non-controlling interests5,892 — Net income (loss) attributable to Rush Street Interactive, Inc. – diluted$11,211 $(727)Denominator:Weighted-average common shares outstanding – basic93,850,707 76,027,427 Adjustments:Conversion of Weighted Average RSILP units to Class A Common Shares134,065,127 — Incremental shares from assumed conversion of stock options and restricted stock units(1)6,376,325 — Weighted-average common shares outstanding – diluted234,292,159 76,027,427 Earnings (loss) per Class A Common Share - basic$0.06 $(0.01)Earnings (loss) per Class A Common Share - diluted$0.05 $(0.01)(1) In periods of Net loss, assumed conversion of stock-based awards and RSILP units are anti-dilutive and therefore excluded from the diluted loss per share calculation.The Class V Common Stock does not participate in the Company’s earnings or losses and is therefore not a participating security. As such, separate presentation of basic and diluted earnings per share of Class V Common Stock under the two-class method has not been presented.

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Table of ContentsRUSH STREET INTERACTIVE, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

The Company excluded the following securities from its computation of diluted shares outstanding for the three months ended March 31, 2025 and 2024 as their effect would have been anti-dilutive:Three Months EndedMarch 31,20252024RSILP Units(1)— 145,384,310 Unvested RSUs712,121 10,648,341 Vested RSUs(2)— 530,780 Outstanding Stock Options441,218 2,602,508 _____________________________________(1)    RSILP Units that are held by non-cont