Company: SKLZ
Filing Date: 2025-11-06
Form Type: 10-K
Source: 0001801661-25-000050
Chunk: 148

Company: Skillz Inc.
Filing Date: 2025-11-06
Form: 10-K
Item: Item 8
Chunk 148
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 from maturities of marketable securities— 125,984 Net cash (used in) provided by investing activities(1,377)168,301 Financing ActivitiesPrincipal payments on finance leases obligations(869)(1,096)Payments for extinguishment of debt— (135,855)Repurchase of common stock(19,349)(13,000)Net proceeds from exercise of stock options and issuance of common stock(1,436)— Net cash used in financing activities(21,654)(149,951)Net change in cash, cash equivalents and restricted cash(30,105)(53,408)Cash, cash equivalents and restricted cash – beginning of year312,028 365,436 Cash, cash equivalents and restricted cash – end of year$281,923 $312,028 Supplemental Cash Flow Data:Cash paid during the period for:Interest$13,388 $18,330 Taxes$183 $400 Non-cash investing and financing activities:Purchases of property and equipment included in accounts payable$555 — Stock-based compensation capitalized in software development costs$71 — 

See accompanying Notes to the Consolidated Financial Statements.

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TABLE OF CONTENTSSKILLZ INC.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS(Amounts in tables are in thousands, unless otherwise noted)

1. Description of the Business and Basis of Presentation

BusinessSkillz (the “Company” or “Skillz”) operates a competitive multi-player platform, driving the future of entertainment by accelerating the convergence of video games, real world prizes, and media. The Company’s principal activities are to develop and support a proprietary online-hosted technology platform that creates a multi-player system inside of game developer’s games (“Competitions”) to end-players worldwide.Aarki (“Aarki”) is a subsidiary of the Company and is an artificial intelligence company that delivers advertising solutions to drive revenue growth for mobile app developers. Aarki enables brands to effectively engage audiences in a privacy-first world by using billions of contextual bidding signals coupled with proprietary machine learning and behavioral models. Aarki works with advertisers globally and manages ad requests on mobile devices. Basis of PresentationThe Company’s consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) as determined by the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) and pursuant to the regulations