{"url_path":"/sec/cik-0001640967/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-08","source_url":"https://www.sec.gov/Archives/edgar/data/1640967/0001628280-26-032673-index.html","accession_number":"0001628280-26-032673","cik":"0001640967","ticker":null,"issuer_name":"Rise Companies Corp","edgar_url":"https://www.sec.gov/Archives/edgar/data/1640967/0001628280-26-032673-index.html","primary_entity_key":"0001640967","primary_entity_name":"Rise Companies 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STATES \n\nSECURITIES AND EXCHANGE COMMISSION \n\nWashington, D.C. 20549\n\nFORM 10-Q\n\n(Mark One)\n\n☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the quarterly period ended March 31, 2026\n\nor\n\n☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the transition period from ______ to ______\n\nCommission file number 000-56741\n\nRise Companies Corp.\n\n(Exact name of registrant as specified in its charter)\n\nDelaware45-4862460\n\n(State or other jurisdiction of\nincorporation or organization)(I.R.S. Employer\nIdentification No.)\n\n11 Dupont Circle NW, 9th Floor\n\nWashington, DC\n\n(Address of Principal Executive Offices)\n\n20036\n\n(Zip Code)\n\n(202) 584-0550\n\nRegistrant’s telephone number, including area code\n\nSecurities registered pursuant to Section 12(b) of the Act:\n\nTitle of each class\n\nTrading Symbol\n\nName of each exchange on which registered\n\nNone\n\nNone\n\nNone\n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\nLarge accelerated filer\n☐\nAccelerated filer\n☐\n\nNon-accelerated filer\n☒\nSmaller reporting company\n☒\n\nEmerging growth company\n☒\n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒\n\nAs of May 1, 2026, there were 2,458,394 shares of Rise Companies Corp.’s Class A Common Stock outstanding, 20,052,145 shares of Rise Companies Corp.’s Class B Common Stock outstanding, and 10,000,000 shares of Rise Companies Corp.’s Class F Common Stock outstanding.\n\nTABLE OF CONTENTS\n\nPage\n\n[Statements Regarding Forward-Looking Information](#ic7ef7a79c9954dde8e6477dfc4cf1566_10)\n\n[1](#ic7ef7a79c9954dde8e6477dfc4cf1566_10)\n\n[PART I](#ic7ef7a79c9954dde8e6477dfc4cf1566_13)\n\n[FINANCIAL INFORMATION](#ic7ef7a79c9954dde8e6477dfc4cf1566_13)\n\n[3](#ic7ef7a79c9954dde8e6477dfc4cf1566_13)\n\n[Item 1.](#ic7ef7a79c9954dde8e6477dfc4cf1566_16)\n\n[Unaudited Financial Statements](#ic7ef7a79c9954dde8e6477dfc4cf1566_16)\n\n[3](#ic7ef7a79c9954dde8e6477dfc4cf1566_16)\n\n[Item 2.](#ic7ef7a79c9954dde8e6477dfc4cf1566_88)\n\n[Management’s Discussion and Analysis of Financial Condition and Results of Operations](#ic7ef7a79c9954dde8e6477dfc4cf1566_88)\n\n[26](#ic7ef7a79c9954dde8e6477dfc4cf1566_88)\n\n[Item 3.](#ic7ef7a79c9954dde8e6477dfc4cf1566_91)\n\n[Quantitative and Qualitative Disclosures About Market Risk](#ic7ef7a79c9954dde8e6477dfc4cf1566_91)\n\n[33](#ic7ef7a79c9954dde8e6477dfc4cf1566_91)\n\n[Item 4.](#ic7ef7a79c9954dde8e6477dfc4cf1566_94)\n\n[Controls and Procedures](#ic7ef7a79c9954dde8e6477dfc4cf1566_94)\n\n[33](#ic7ef7a79c9954dde8e6477dfc4cf1566_94)\n\n[PART II](#ic7ef7a79c9954dde8e6477dfc4cf1566_97)\n\n[OTHER INFORMATION](#ic7ef7a79c9954dde8e6477dfc4cf1566_97)\n\n[35](#ic7ef7a79c9954dde8e6477dfc4cf1566_97)\n\n[Item 1.](#ic7ef7a79c9954dde8e6477dfc4cf1566_100)\n\n[Legal Proceedings](#ic7ef7a79c9954dde8e6477dfc4cf1566_100)\n\n[35](#ic7ef7a79c9954dde8e6477dfc4cf1566_100)\n\n[Item 1A.](#ic7ef7a79c9954dde8e6477dfc4cf1566_103)\n\n[Risk Factors](#ic7ef7a79c9954dde8e6477dfc4cf1566_103)\n\n[35](#ic7ef7a79c9954dde8e6477dfc4cf1566_103)\n\n[Item 2.](#ic7ef7a79c9954dde8e6477dfc4cf1566_106)\n\n[Unregistered Sales of Equity Securities and Use of Proceeds](#ic7ef7a79c9954dde8e6477dfc4cf1566_106)\n\n[35](#ic7ef7a79c9954dde8e6477dfc4cf1566_106)\n\n[Item 3.](#ic7ef7a79c9954dde8e6477dfc4cf1566_109)\n\n[Defaults Upon Senior Securities](#ic7ef7a79c9954dde8e6477dfc4cf1566_109)\n\n[36](#ic7ef7a79c9954dde8e6477dfc4cf1566_109)\n\n[Item 4.](#ic7ef7a79c9954dde8e6477dfc4cf1566_112)\n\n[Mine Safety Disclosures](#ic7ef7a79c9954dde8e6477dfc4cf1566_112)\n\n[36](#ic7ef7a79c9954dde8e6477dfc4cf1566_112)\n\n[Item 5.](#ic7ef7a79c9954dde8e6477dfc4cf1566_115)\n\n[Other Information](#ic7ef7a79c9954dde8e6477dfc4cf1566_115)\n\n[36](#ic7ef7a79c9954dde8e6477dfc4cf1566_115)\n\n[Item 6.](#ic7ef7a79c9954dde8e6477dfc4cf1566_118)\n\n[Exhibits](#ic7ef7a79c9954dde8e6477dfc4cf1566_118)\n\n[36](#ic7ef7a79c9954dde8e6477dfc4cf1566_118)\n\n[Signatures](#ic7ef7a79c9954dde8e6477dfc4cf1566_121)\n\n[38](#ic7ef7a79c9954dde8e6477dfc4cf1566_121)\n\ni\n\nSTATEMENTS REGARDING FORWARD-LOOKING INFORMATION\n\nRise Companies Corp. (“Rise,” “Rise Companies,” “we,” “our,” the “Company,” and “us”) makes statements in this Quarterly Report on Form 10-Q (the “Quarterly Report”) that are considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The words “believe,” “estimate,” “expect,” “anticipate,” “intend,” “plan,” “seek,” “may,” and similar expressions or statements regarding future periods are intended to identify forward-looking statements. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and are including this statement for purposes of complying with those safe harbor provisions. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements, or industry results, to differ materially from any predictions of future results, performance or achievements that we express or imply in this Quarterly Report or in the information incorporated by reference into this Quarterly Report.\n\nThe forward-looking statements included in this Quarterly Report are based upon our current expectations, plans, estimates, assumptions and beliefs that involve numerous risks and uncertainties, and accordingly we can give no assurance that such expectations, plans, estimates, assumptions and beliefs are correct or will be achieved. Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond our control. Although we believe that the expectations reflected in such forward-looking statements are based on reasonable assumptions, our actual results and performance could differ materially from those set forth in the forward-looking statements. Factors which could have a material adverse effect on our and our Investment Products’ (as defined within [Note 1](#ic7ef7a79c9954dde8e6477dfc4cf1566_34), Formation and Organization, in our Condensed Consolidated Financial Statements) operations and future prospects include, but are not limited to:\n\n•our dependence on fee income generated from our Investment Products to support our continued growth and expansion;\n\n•our ability to attract and retain shareholders to the online investment platform located at www.fundrise.com (the “Fundrise Platform”);\n\n•risks associated with breaches of our data security;\n\n•changes in economic conditions generally and in the real estate and securities markets specifically;\n\n•uncertainty regarding geopolitical tensions, tariff and trade policies and impacts from any such policies;\n\n•limited ability of our Investment Products to dispose of assets, on terms acceptable to us or at all, because of the relative illiquidity of alternative investments;\n\n•intense competition in the real estate market that may limit the ability of our Investment Products to attract or retain tenants or re-lease space;\n\n•increased inflation and related impacts, including increased interest rates and operating costs;\n\n•our ability to retain our executive officers and other key personnel of Fundrise Advisors, LLC and our other affiliates;\n\n•our ability to retain and hire competent employees and appropriately staff our operations;\n\n•changes in business conditions and the market value of our and our Investment Products’ assets, including changes in interest rates, prepayment risk, operator or borrower defaults or bankruptcy, and generally the increased risk of loss if our investments fail to perform as expected;\n\n•our ability to implement effective conflicts of interest policies and procedures among the various investment opportunities sponsored by the Company;\n\n1\n\n•the ability of our Investment Products to access sources of liquidity when we have the need to fund redemptions of common shares in excess of the proceeds from the sales of their common shares in our offerings or funds from our operations and the consequential risk that we may not have the resources to satisfy redemption requests;\n\n•our compliance with applicable local, state and federal laws, including the Investment Advisers Act of 1940, as amended (the “Advisers Act”), the Investment Company Act of 1940, as amended (the “Investment Company Act”) and other laws; and\n\n•the other risks identified in this Quarterly Report and our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the Securities and Exchange Commission (“SEC”) on March 23, 2026 (the “Form 10-K”), which may be accessed [here](https://www.sec.gov/ix?doc=/Archives/edgar/data/1640967/000162828026020484/rc-20251231.htm), including, without limitation, those under headings “Risk Factors” and “Business”.\n\nAny of the assumptions underlying forward-looking statements could be inaccurate. You are cautioned not to place undue reliance on any forward-looking statements included in this Quarterly Report. All forward-looking statements are made as of the date of this Quarterly Report and the risk that actual results will differ materially from the expectations expressed in this Quarterly Report will increase with the passage of time. We undertake no obligation to publicly update or revise any forward-looking statements after the date of this Quarterly Report, whether as a result of new information, future events, changed circumstances or any other reason. In light of the significant uncertainties inherent in the forward-looking statements included in this Quarterly Report, the inclusion of such forward-looking statements should not be regarded as a representation by us or any other person that the objectives and plans set forth in this Quarterly Report will be achieved.\n\n2\n\nPART I - FINANCIAL INFORMATION"}