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 June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Numerator:
Net income (loss)	$	(1,672)	$	457	$	(5,913)	$	(3,024)
Less: net income attributable to noncontrolling interest	165		714		327		847
Net loss attributable to common stockholders	$	(1,837)	$	(257)	$	(6,240)	$	(3,871)
Denominator:
Weighted-average common shares outstanding – basic and diluted	32,506,210		32,933,668		32,526,007		33,020,432
Net loss per share attributable to common stockholders - basic and diluted	$	(0.06)	$	(0.01)	$	(0.19)	$	(0.12)

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 Six Months Ended June 30,
	2025	2024
Redeemable convertible preferred stock	11,865,046	11,865,046
Restricted stock options	6,500	11,500
Restricted stock units	8,910,844	8,480,071
Performance stock units	3,018,867	—
Total anti-dilutive securities	23,801,257	20,356,617