Company: SKLZ
Filing Date: 2025-12-11
Form Type: 10-Q
Source: 0001801661-25-000071
Chunk: 21

Company: Skillz Inc.
Filing Date: 2025-12-11
Form: 10-Q
Item: Item 1
Chunk 21
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 — — 1 — 1 Stock-based compensation— — — — 7,433 — — 7,433 Net income— — — — — — 26,045 26,045 Balance at June 30, 202417,449,328 $1 4,114,178 $(23,770)$1,214,143 $— $(975,146)$215,228 Balance at December 31, 202416,736,904 $1 5,416,418 $(32,349)$1,226,642 $— $(1,021,258)173,036 Shares repurchased by the Company and held as treasury stock(845,564)— 845,564 (4,732)— — — (4,732)Stock-based compensation— — — — 5,646 — — 5,646 Net loss— — — — — — (17,142)(17,142)Balance at March 31, 202515,891,340 $1 6,261,982 $(37,081)$1,232,288 $— $(1,038,400)$156,808 Shares repurchased by the Company and held as treasury stock(585,524)— 585,524 (2,976)— — — (2,976)Stock issued under employee stock purchase plan4,411 — — — 24 — — 24 Stock-based compensation— — — — 4,409 — — 4,409 Net loss— — — — — — (17,922)(17,922)Balance at June 30, 202515,310,227 $1 6,847,506 $(40,057)$1,236,721 $— $(1,056,322)$140,343 

See accompanying Notes to the Condensed Consolidated Financial Statements.

3

SKILLZ INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited, in thousands)

Six Months Ended June 30,20252024Operating ActivitiesNet loss$(35,064)$(678)Adjustments to reconcile net loss to net cash (used in)