Company: SKLZ
Filing Date: 2025-12-11
Form Type: 10-Q
Source: 0001801661-25-000071
Chunk: 34

Company: Skillz Inc.
Filing Date: 2025-12-11
Form: 10-Q
Item: Item 1
Chunk 34
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 was classified within non-marketable equity securities in the condensed consolidated balance sheets.The Company did not record any other adjustments to the carrying value of its non-marketable equity securities accounted for under the measurement alternative and did not recognize any gains or losses related to the sale of non-marketable equity securities in the  three and six months ended June 30, 2025 and 2024.Investment ComponentsInvestments consisted of the following as of June 30, 2025 and December 31, 2024:

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

As of June 30, 2025Adjusted Cost BasisUnrealized GainsUnrealized LossesFair ValueCash and Cash EquivalentsMarketable Securities -CurrentMarketable Securities -Non-currentMoney market funds$208,014 $— $— $208,014 $208,014 $— $— Total investments$208,014 $— $— $208,014 $208,014 $— $— As of December 31, 2024 Adjusted Cost BasisUnrealized GainsUnrealized LossesFair ValueCash and Cash EquivalentsMarketable Securities -CurrentMarketable Securities -Non-currentMoney market funds$251,948 $— $— $251,948 $251,948 $— $— Total investments$251,948 $— $— $251,948 $251,948 $— $— 

7. Long-Term Debt

Long-term debt consisted of the following as of June 30, 2025 and December 31, 2024:June 30,December 31,202520242021 Senior Secured Notes, non-current$129,671 $129,671 Unamortized discount and issuance costs(3,078)(4,017)Long-term debt, non-current$126,593 $125,654 2021 Senior Secured NotesOn December 20, 2021, the Company entered into $300 million of 10.25% secured notes (the “2021 Senior Secured Notes”) in a private placement to certain institutional buyers. The 2021 Senior Secured Notes are guaranteed by the Company’s domestic restricted subsidiaries. The interest is payable