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Rise Companies earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026
Q3 2026 Revenue up 14% year over year to $16.4M · 14¢ of every $1 of revenue lost · operating margin -14.7%
Rise Companies made $16.4M in Q3 2026 (+14% Y/Y): Investment management and platform advisory, net $10.2M, Real estate operating platform $4.9M, Real estate management $1.2M. Operating margin -14.7%, net loss $2.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
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What changed this quarter
Revenue was $16.4M in Q3 2026, up 14% year over year and up 6% from the previous quarter. Investment management and platform advisory, net was the largest line at 63% of revenue. Investment management and platform advisory, net added $1.9M year over year (up 22%), 93% of the total change. Real estate management declined 9%.
Operating costs exceeded revenue by $2.4M, an operating margin of -14.7%. Total costs grew 7% against revenue growth of 14%. The fastest-growing cost line was Other operating costs (+24%). The quarter ended with a net loss of $2.3M, narrower than the previous quarter's $3.1M loss. Minority interests bore $49K of it: to shareholders the quarter was a loss of $2.2M.
Operating cash flow was $3.2M (up 268% year over year). Non-cash charges added back $3.7M of depreciation and amortization. Working capital and other items added $1.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $16.4M | +14% | -14.7% | −$2.3M | $3.2M |
| Q2 2026 | 10-Q | Aug 7, 2026 | $15.5M | -3% | -23.1% | −$3.1M | −$148K |
| Q1 2026 | 10-Q | May 8, 2026 | $17.5M | +47% | -24.2% | −$4.0M | −$5.3M |
| Q4 2025 | 10-K | Mar 23, 2026 | $13.4M | +18% | -24.7% | −$2.9M | $1.8M |
| Q3 2025 | 10-Q | Nov 7, 2025 | $14.3M | -3% | -22.5% | −$2.9M | $879K |
| Q2 2025 | 10-Q | Aug 8, 2025 | $16.0M | +5% | -12.2% | −$1.7M | $2.1M |
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About Rise Companies
Rise Companies is a Delaware corporation that was formed on March 10, 2014. The Company, together with its subsidiaries and affiliate organizations (“Fundrise”), combines modern financial technology and investment management to build the next generation of alternative asset management. The Fundrise Platform has allowed us to build a differentiated business with what we believe is a significant competitive advantage and a robust, proprietary software infrastructure. We primarily generate revenue from investment management and platform advisory fees, real estate management fees, and real estate operating platform fees, as further described in Note 2 , Summary of Significant Accounting Policies — Revenue Recognition in the notes to our annual audited consolidated financial statements included in this Annual Report.
In its own words, from its 10-K, filed Mar 23, 2026.
Rise Companies against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +14% against the peers' median +14%. Operating margin: -14.7% against the peers' median 15.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| Rise Companies | Q3 2026 | $16.4M | +14% | -14.7% |
| WELL Welltower | Q3 2026 | $3.7B | +38% | 9.1% |
| AMT American Tower | Q3 2026 | $2.8B | +2% | 45.6% |
| EQIX Equinix | Q3 2026 | $2.6B | +11% | 23.3% |
| PLD Prologis | Q1 2026 | $2.3B | +7% | 52.7% |
| IRM Iron Mountain | Q3 2026 | $2.0B | +14% | 20.6% |
| DLR Digital Realty Trust | Q3 2026 | $1.9B | +21% | 15.9% |
| WY Weyerhaeuser | Q3 2026 | $1.9B | +8% | 5.4% |
| VTR Ventas | Q3 2026 | $1.8B | +23% | 2.9% |
Source: Rise Companies 10-Q on SEC EDGAR · CIK 1640967 · Real Estate Investment Trusts