Company: SKLZ
Filing Date: 2025-11-06
Form Type: 10-K
Source: 0001801661-25-000050
Chunk: 172

Company: Skillz Inc.
Filing Date: 2025-11-06
Form: 10-K
Item: Item 8
Chunk 172
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342 $6,721 Property and Equipment, netProperty and equipment, net consisted of the following as of December 31, 2024 and 2023:December 31,20242023Land$980 $980 Building12,590 10,541 Capitalized internal-use software9,128 9,113 Computer equipment and servers1,797 1,410 Furniture and fixtures363 278 Leasehold improvements122 117 Construction in progress2,507 1,745 Total property and equipment27,487 24,184 Accumulated depreciation and amortization(11,205)(9,635)Property and equipment, net$16,282 $14,549 Property and equipment, net by geography was as follows:Year Ended December 31,20242023United States$15,909 $14,186 Other countries373 363 Total$16,282 $14,549 Depreciation and amortization expense related to property and equipment was $1.7 million and $2.0 million in the years ended December 31, 2024 and 2023, respectively.Non-marketable securitiesNon-marketable equity securities are investments in privately held companies without readily determinable fair values. We have accounted for these investments using the measurement alternative. Under the measurement alternative, the equity investment is initially recorded as its allocated cost, but the carrying value may be adjusted through earnings upon an impairment or when there is an observable price change involving the same or a similar investment with the same issuer. There 

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

were no indicators of impairment or the occurrence of observable price changes during the years ended December 31, 2024 and 2023. The carrying value of the Company’s investments without readily determinable fair values was $52.8 million and $52.8 million in December 31, 2024 and 2023, respectively, and was classified within “non-marketable equity securities” in the consolidated balance sheets.     During the year ended December 31, 2023, the Company identified an impairment related to one of its investments in a privately held company. The Company reviewed the private company’s forecast and noted significant concerns about the private company’s ability to continue as a going concern. As a result, an impairment charge of