XML 46 R31.htm IDEA: XBRL DOCUMENT v3.24.3
Earnings (Loss) Per Share (Tables)
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Loss per Share
The basic and diluted earnings (loss) per share for the three and nine months ended September 30, 2024 and 2023 were as follows (amounts in thousands, except for share and per share amounts):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202320242023
Numerator:
Net income (loss)$3,239 $(13,366)$748 $(54,600)
Less: Net income (loss) attributable to non-controlling interests2,049 (9,187)385 (38,022)
Net income (loss) attributable to Rush Street Interactive, Inc. – basic
$1,190 $(4,179)$363 $(16,578)
Effect of dilutive securities:
Increase to net income attributable to non-controlling interests
2,049 — 385 — 
Net income (loss) attributable to Rush Street Interactive, Inc. – diluted
$3,239 $(4,179)$748 $(16,578)
Denominator:
Weighted-average common shares outstanding – basic
82,847,325 69,698,787 79,652,992 67,465,694 
Adjustments:
Conversion of Weighted Average RSILP units to Class A Common Shares(1)
142,687,546 — 144,940,579 — 
Incremental shares from assumed conversion of stock
options and restricted stock units(1)
7,583,799 — 5,641,608 — 
Weighted-average common shares outstanding – diluted
233,118,670 69,698,787 230,235,179 67,465,694 
Earnings (loss) per Class A Common Share - basic
$0.01 $(0.06)$0.00 $(0.25)
Earnings (loss) per Class A Common Share - diluted
$0.01 $(0.06)$0.00 $(0.25)
(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.
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 for the three and nine months ended September 30, 2024 and 2023 as their effect would have been anti-dilutive:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202320242023
RSILP Units(1)
— 151,399,310 — 151,399,310 
Unvested RSUs
273,928 10,063,324 929,269 10,063,324 
Vested RSUs (Class A Common Stock not yet issued)
— 854,262 — 854,262 
Outstanding Stock Options
96,827 1,971,611 727,724 1,971,611 
_____________________________________
(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.