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Rise Companies 10-Q dropped today.
https://www.sec.gov/Archives/edgar/data/1640967/000162828026032673/rc-20260331.htm
VCX still primary driver of revenue for Rise overall. Small drag on VCX NAV with recoupment (.10 per share). VCX no longer subsidized by Rise.
IPO shares now valued at $15.90
RealAI useful life accelerated from 4 years to 1 year. AI assets depreciate fast!
Cash burn has slowed meaningfully to 5.3m per quarter from 8.4m YOY.
Continuous offering of IPO shares brings in 3.8m per quarter, so getting close to break even.
Modest rise in AUM should have Rise at break even soon.
Please correct any incorrect assumptions!
u/BurnsVail — 5 days ago