Company: SKLZ
Filing Date: 2025-11-06
Form Type: 10-K
Source: 0001801661-25-000050
Chunk: 145

Company: Skillz Inc.
Filing Date: 2025-11-06
Form: 10-K
Item: Item 8
Chunk 145
---
 stock – 25.0 million shares authorized; 18.7 million and 18.1 million shares issued; 13.3 million and 15.8 million outstanding as of December 31, 2024 and 2023, respectively; Class B common stock – 6.3 million shares authorized; 3.4 million shares issued and outstanding as of December 31, 2024 and 2023, respectively1 1 Additional paid-in capital1,226,642 1,197,963 Accumulated other comprehensive loss— (7)Accumulated deficit(1,021,258)(974,468)Treasury stock at cost, 5.4 million and 2.3 million shares as of December 31, 2024 and 2023, respectively(32,349)(13,000)Total stockholders’ equity173,036 210,489 Total liabilities and stockholders’ equity$374,268 $395,826 

See accompanying Notes to the Consolidated Financial Statements.

72

SKILLZ INC.

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(In thousands, except for number of shares and per share amounts)

Year Ended December 31,20242023Revenue$92,865 $152,079 Costs and expenses:Cost of revenue13,405 15,379 Research and development16,747 28,148 Sales and marketing76,360 122,855 General and administrative78,856 96,654 Gain from litigation settlement(46,000)— Impairment of goodwill and long-lived assets— 3,335 Total costs and expenses139,368 266,371 Loss from operations(46,503)(114,292)Gain on extinguishment of debt— 15,205 Interest income (expense), net298 (2,852)Change in fair value of common stock warrant liabilities11 278 Other (expense) income, net(530)540 Loss before income taxes(46,724)(101,121)Provision for income taxes66 239 Net loss$(46,790)$(101,360)Net loss per share attributable to common stockholders:Basic and diluted$(2.62)$(4.85)Weighted average shares outstanding:Basic and diluted17,845,771 20,893,085