Company: SKLZ
Filing Date: 2025-12-11
Form Type: 10-Q
Source: 0001801661-25-000071
Chunk: 50

Company: Skillz Inc.
Filing Date: 2025-12-11
Form: 10-Q
Item: Item 1
Chunk 50
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 and is monitored by the CODM to evaluate past performance and identify actions required to improve profitability. The CODM does not review information regarding total assets on a reportable segment basis.The following tables provide summarized information about the Company’s operations by reportable segment and a reconciliation of Segment Adjusted EBITDA to net (loss) income in the three and six months ended June 30, 2025 and 2024.Three Months Ended June 30,Six Months Ended June 30,2025202420252024RevenueSkillz Segment$19,365 $22,738 $36,958 $45,155 Aarki Segment5,916 2,578 10,355 5,443 Elimination(67)(21)(202)(68)Total Revenue$25,214 $25,295 $47,111 $50,530 Segment Adjusted EBITDASkillz Segment$(11,365)$(10,465)$(27,647)$(26,157)Aarki Segment(62)(2,107)(1,036)(4,151)Total Segment Adjusted EBITDA$(11,427)$(12,572)$(28,683)$(30,308)Items to reconcile Segment Adjusted EBITDA to Net (loss) income:Interest (expense) income, net$(1,321)$334 $(2,392)$447 Stock-based compensation(4,362)(7,433)(9,912)(16,173)Change in fair value of warrant liability— 2 — 11 Provision for income taxes19 (73)(20)(111)Depreciation and amortization(194)(403)(361)(798)Gain from litigation settlement— 46,000 7,500 46,000 Other (expense) income, net(637)190 (1,196)254 Net (loss) income$(17,922)$26,045 $(35,064)$(678)

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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)

The following tables provide summarized information about the Company’s operations used by the CODM by reportable segment for the three and six months ended June 30, 2025 and 2024, respectively.Three Months Ended June 30, 2025Six Months