Schedule of Basic and Diluted Earnings (Loss) Loss per Share |
The computation of net 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, 2023, 2022 and 2021 are as follows (amounts in thousands, except for share and per share amounts): | | | | | | | | | | | | | | | | | | | Years Ended December 31, | | 2023 | | 2022 | | 2021 | Numerator: | | | | | | Net loss | $ | (60,055) | | | $ | (134,332) | | | $ | (71,092) | | Less: Net loss attributable to non-controlling interests | (41,750) | | | (95,701) | | | (51,603) | | Net loss attributable to Rush Street Interactive, Inc. – basic | (18,305) | | | (38,631) | | | (19,489) | | Effect of dilutive securities: | | | | | | Public, Private Placement and Working Capital Warrants, net of amounts attributable to non-controlling interests | — | | | — | | | (9,569) | | Net loss attributable to Rush Street Interactive, Inc. – diluted | $ | (18,305) | | | $ | (38,631) | | | $ | (29,058) | | Denominator | | | | | | Weighted average common shares outstanding – basic | 68,508,093 | | | 63,532,906 | | | 56,265,541 | | Weighted average effect of dilutive securities: | | | | | | Public Warrants(1) | — | | | — | | | 677,746 | | Private Placement and Working Capital Warrants(1) | — | | | — | | | 483,598 | | Weighted average common shares outstanding – diluted | 68,508,093 | | | 63,532,906 | | | 57,426,885 | | | | | | | | Net loss per Class A Common Share - basic | $ | (0.27) | | | $ | (0.61) | | | $ | (0.35) | | Net loss per Class A Common Share - diluted | $ | (0.27) | | | $ | (0.61) | | | $ | (0.51) | |
(1)Calculated using the treasury stock method.
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Schedule of Anti-dilutive Securities Excluded from Computation of Diluted Shares Outstanding |
The Company excluded the following securities from its computation of diluted shares outstanding, as their effect would have been anti-dilutive: | | | | | | | | | | | | | | | | | | | December 31, | | 2023 | | 2022 | | 2021 | RSILP Units(1) | 150,434,310 | | | 155,955,584 | | | 158,702,329 | | Unvested RSUs | 9,218,142 | | | 7,492,613 | | | 3,076,158 | | Vested RSUs(2) | 1,104,629 | | | 636,917 | | | 383,130 | | Outstanding Stock Options | 1,971,611 | | | 887,166 | | | 96,827 | |
(1)RSILP Units that are held by non-controlling interest holders and may be exchanged, subject to certain restrictions, for Class A Common Stock. Upon exchange of an RSILP Unit, a share of Class V Common Stock is cancelled. (2)RSUs that vested but the resulting shares of Class A Common Stock have not yet been issued.
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