Formation and Organization	12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Formation and Organization	Formation and Organization Rise Companies Corp. (“Rise,” “Rise Companies,” “we,” “our,” the “Company,” and “us”) is a financial technology company that owns and operates a leading web-based and mobile application direct investment platform located at www.fundrise.com (the “Fundrise Platform”). We operate through the following significant consolidated subsidiaries, with the following activities: •Fundrise, LLC (“Fundrise, LLC”), a wholly-owned subsidiary of Rise, owns and operates the Fundrise Platform that allows investors to become equity or debt holders in alternative investment opportunities. •Fundrise Advisors, LLC (“Fundrise Advisors”), a wholly-owned subsidiary of Rise, is a registered investment adviser with the Securities and Exchange Commission (the “SEC”) that acts as the non-member manager for the fund programs sponsored by the Company and offered for investment via the Fundrise Platform. •Fundrise, L.P. (“Fundrise LP”), is an affiliate of Rise and was created with the intent to directly benefit the Company by driving its growth and profitability primarily through (i) acquisition, lending, holding, and distribution or other disposition of real estate investments, including investments in the Sponsored Programs (as defined below), and (ii) temporarily investing any idle cash. Rise owns approximately 2% of Fundrise LP and has the ability to direct its assets. Effective February 10, 2026, Fundrise LP changed its name to Moat Investments, LP. •Fundrise Real Estate, LLC (“Fundrise Real Estate”), a wholly-owned subsidiary of Rise, is a real estate operating platform through which many of the real estate assets of our Investment Products are managed. •RealAI Systems, LLC (“RealAI”), a wholly-owned subsidiary of Rise, is an artificial intelligence (“AI”)-powered real estate analytics platform launched in September 2025. The Company has sponsored the following investment programs as of December 31, 2025, that are registered as investment companies under the Investment Company Act, and from which we generate fees related to asset management and other services performed: •Fundrise Real Estate Interval Fund, LLC (the “Flagship Fund”) is a Delaware limited liability company that is registered under the Investment Company Act, as a non-diversified, closed-end management investment company that is operated as an interval fund. •Fundrise Income Real Estate Fund, LLC (the “Income Interval Fund”) is a Delaware limited liability company that is registered under the Investment Company Act, as a non-diversified, closed-end management investment company that is operated as an interval fund. •Fundrise Innovation Fund, LLC (formerly known as Fundrise Growth Tech Fund, LLC) (the “Innovation Fund”) is a Delaware limited liability company that is registered under the Investment Company Act, as a non-diversified, closed-end management investment company that is operated as a tender offer fund. The Company has sponsored the following investment programs that are exempt from registration under the Securities Act as of December 31, 2025, and from which we generate fees related to asset management and other services performed: •Fundrise Equity REIT, LLC, Fundrise West Coast Opportunistic REIT, LLC, Fundrise East Coast Opportunistic REIT, LLC, Fundrise Midland Opportunistic REIT, LLC, Fundrise Growth eREIT II, LLC, Fundrise Growth eREIT III, LLC, Fundrise Development eREIT, LLC, Fundrise Growth eREIT VII, LLC and Fundrise Balanced eREIT II, LLC are real estate investment trust programs (the “eREITs”). The eREITs use a typical real estate investment trust (“REIT”) structure similar to other publicly offered REITs, but are only available to investors via the internet on the Fundrise Platform. “eREIT®” is our registered trademark. ◦Fundrise Equity REIT, LLC, Fundrise Growth eREIT II, LLC, Fundrise Growth eREIT III, LLC, and Fundrise Growth eREIT VII, LLC pursue a strategy focused on long-term capital appreciation with a focus primarily on commercial real estate, including multifamily and build-for-rent properties. ◦Fundrise West Coast Opportunistic REIT, LLC, Fundrise East Coast Opportunistic REIT, LLC, and Fundrise Midland Opportunistic REIT, LLC pursue a balanced strategy of acquiring both debt and equity investments primarily within the geographic regions reflected in each fund’s name. These eREITs focus on multifamily, industrial, creative office properties and development projects. ◦Fundrise Development eREIT, LLC, focuses on renovation and new construction by investing directly in the development of primarily single family, multifamily, commercial, and mixed-use properties. ◦Fundrise Balanced eREIT II, LLC focuses on newly built multifamily properties. •Fundrise Opportunity Fund, LP and Fundrise Opportunity Zone OP, LLC (collectively referred to as the “Opportunity Fund” or the “oFund”), make up a tax-advantaged real estate investment fund program offered under Regulation D (“Regulation D”) of the Securities Act. The oFund focuses on high-quality real estate properties located in qualified opportunity zones, as designated under the Internal Revenue Code of 1986, as amended (the “Code”), and is invested in mixed-use development and creative office properties. •Fundrise Opportunistic Credit Fund, LLC and Fundrise Opportunistic Credit Fund II, LLC (collectively, the “Credit Funds”) are Delaware limited liability companies offered under Regulation D, that are offered through the Fundrise Platform. The Credit Funds focus on private credit investments such as preferred equity positions and asset backed securities primarily in the multifamily and single-family rental markets. The Company previously sponsored Fundrise eFund, LLC, a real estate investment fund program (the “eFund”), which merged into Fundrise Equity REIT, LLC on December 29, 2025. On October 24, 2025, Rise made an initial investment of $5,000 in Fundrise eREIT, LLC (“Fundrise eREIT”), a newly formed entity. On February 4, 2026, Fundrise eREIT filed a Form S-4 with the SEC intending to register the common shares of Fundrise eREIT that will be issued in connection with the merger (the “Merger”) of certain of our existing eREITs listed below (collectively, the “Fundrise Merger Entities”): •Fundrise Development eREIT, LLC; •Fundrise Equity REIT, LLC; •Fundrise East Coast Opportunistic REIT, LLC; •Fundrise Growth eREIT II, LLC; •Fundrise Growth eREIT III, LLC; •Fundrise Midland Opportunistic REIT, LLC; and •Fundrise West Coast Opportunistic REIT, LLC. •If and when the Form S-4 is declared effective by the SEC, Fundrise eREIT and the Fundrise Merger Entities will enter into an Agreement and Plan of Merger, and the Fundrise Merger Entities will be merged with and into Fundrise eREIT, a single surviving entity As of the date of this filing, the Form S-4 has not yet been declared effective and the Merger has not yet been consummated. The eREITs, oFund, Credit Funds, Flagship Fund, Income Interval Fund and Innovation Fund are referred to, individually or collectively as the context requires, as the “Sponsored Programs,” or the “Investment Products”.

Rise Companies Corp. (“Rise,” “Rise Companies,” “we,” “our,” the “Company,” and “us”) is a financial technology company that owns and operates a leading web-based and mobile application direct investment platform located at www.fundrise.com (the “Fundrise Platform”).

•Fundrise, LLC (“Fundrise, LLC”), a wholly-owned subsidiary of Rise, owns and operates the Fundrise Platform that allows investors to become equity or debt holders in alternative investment opportunities.

•Fundrise Advisors, LLC (“Fundrise Advisors”), a wholly-owned subsidiary of Rise, is a registered investment adviser with the Securities and Exchange Commission (the “SEC”) that acts as the non-member manager for the fund programs sponsored by the Company and offered for investment via the Fundrise Platform.

•Fundrise, L.P. (“Fundrise LP”), is an affiliate of Rise and was created with the intent to directly benefit the Company by driving its growth and profitability primarily through (i) acquisition, lending, holding, and distribution or other disposition of real estate investments, including investments in the Sponsored Programs (as defined below), and (ii) temporarily investing any idle cash. Rise owns approximately 2% of Fundrise LP and has the ability to direct its assets. Effective February 10, 2026, Fundrise LP changed its name to Moat Investments, LP.

•Fundrise Real Estate, LLC (“Fundrise Real Estate”), a wholly-owned subsidiary of Rise, is a real estate operating platform through which many of the real estate assets of our Investment Products are managed.

•RealAI Systems, LLC (“RealAI”), a wholly-owned subsidiary of Rise, is an artificial intelligence (“AI”)-powered real estate analytics platform launched in September 2025.

The Company has sponsored the following investment programs as of December 31, 2025, that are registered as investment companies under the Investment Company Act, and from which we generate fees related to asset management and other services performed:

•Fundrise Real Estate Interval Fund, LLC (the “Flagship Fund”) is a Delaware limited liability company that is registered under the Investment Company Act, as a non-diversified, closed-end management investment company that is operated as an interval fund.

•Fundrise Income Real Estate Fund, LLC (the “Income Interval Fund”) is a Delaware limited liability company that is registered under the Investment Company Act, as a non-diversified, closed-end management investment company that is operated as an interval fund.

•Fundrise Innovation Fund, LLC (formerly known as Fundrise Growth Tech Fund, LLC) (the “Innovation Fund”) is a Delaware limited liability company that is registered under the Investment Company Act, as a non-diversified, closed-end management investment company that is operated as a tender offer fund.

The Company has sponsored the following investment programs that are exempt from registration under the Securities Act as of December 31, 2025, and from which we generate fees related to asset management and other services performed:

•Fundrise Equity REIT, LLC, Fundrise West Coast Opportunistic REIT, LLC, Fundrise East Coast Opportunistic REIT, LLC, Fundrise Midland Opportunistic REIT, LLC, Fundrise Growth eREIT II, LLC, Fundrise Growth eREIT III, LLC, Fundrise Development eREIT, LLC, Fundrise Growth eREIT VII, LLC and Fundrise Balanced eREIT II, LLC are real estate investment trust programs (the “eREITs”). The eREITs use a typical real estate investment trust (“REIT”) structure similar to other publicly offered REITs, but are only available to investors via the internet on the Fundrise Platform. “eREIT®” is our registered trademark.

◦Fundrise Equity REIT, LLC, Fundrise Growth eREIT II, LLC, Fundrise Growth eREIT III, LLC, and Fundrise Growth eREIT VII, LLC pursue a strategy focused on long-term capital appreciation with a focus primarily on commercial real estate, including multifamily and build-for-rent properties.

◦Fundrise West Coast Opportunistic REIT, LLC, Fundrise East Coast Opportunistic REIT, LLC, and Fundrise Midland Opportunistic REIT, LLC pursue a balanced strategy of acquiring both debt and equity investments primarily within the geographic regions reflected in each fund’s name. These eREITs focus on multifamily, industrial, creative office properties and development projects.

◦Fundrise Development eREIT, LLC, focuses on renovation and new construction by investing directly in the development of primarily single family, multifamily, commercial, and mixed-use properties.

•Fundrise Opportunity Fund, LP and Fundrise Opportunity Zone OP, LLC (collectively referred to as the “Opportunity Fund” or the “oFund”), make up a tax-advantaged real estate investment fund program offered under Regulation D (“Regulation D”) of the Securities Act. The oFund focuses on high-quality real estate properties located in qualified opportunity zones, as designated under the Internal Revenue Code of 1986, as amended (the “Code”), and is invested in mixed-use development and creative office properties.

•Fundrise Opportunistic Credit Fund, LLC and Fundrise Opportunistic Credit Fund II, LLC (collectively, the “Credit Funds”) are Delaware limited liability companies offered under Regulation D, that are offered through the Fundrise Platform. The Credit Funds focus on private credit investments such as preferred equity positions and asset backed securities primarily in the multifamily and single-family rental markets.

The Company previously sponsored Fundrise eFund, LLC, a real estate investment fund program (the “eFund”), which merged into Fundrise Equity REIT, LLC on December 29, 2025.

On October 24, 2025, Rise made an initial investment of $5,000 in Fundrise eREIT, LLC (“Fundrise eREIT”), a newly formed entity. On February 4, 2026, Fundrise eREIT filed a Form S-4 with the SEC intending to register the common shares of Fundrise eREIT that will be issued in connection with the merger (the “Merger”) of certain of our existing eREITs listed below (collectively, the “Fundrise Merger Entities”):

•If and when the Form S-4 is declared effective by the SEC, Fundrise eREIT and the Fundrise Merger Entities will enter into an Agreement and Plan of Merger, and the Fundrise Merger Entities will be merged with and into Fundrise eREIT, a single surviving entity As of the date of this filing, the Form S-4 has not yet been declared effective and the Merger has not yet been consummated.

The eREITs, oFund, Credit Funds, Flagship Fund, Income Interval Fund and Innovation Fund are referred to, individually or collectively as the context requires, as the “Sponsored Programs,” or the “Investment Products”.