| 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, | | 2024 | | 2023 | | 2024 | | 2023 | | Numerator: | | | | | | | | | Net income (loss) | $ | 3,239 | | | $ | (13,366) | | | $ | 748 | | | $ | (54,600) | | | Less: Net income (loss) attributable to non-controlling interests | 2,049 | | | (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. |
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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 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, | | 2024 | | 2023 | | 2024 | | 2023 | 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.
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