Company: SKLZ
Filing Date: 2025-12-11
Form Type: 10-Q
Source: 0001801661-25-000070
Chunk: 16

Company: Skillz Inc.
Filing Date: 2025-12-11
Form: 10-Q
Item: Item 1
Chunk 16
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ITEM 1. FINANCIAL STATEMENTS

 SKILLZ INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited, in thousands, except for number of shares and par value per share amounts)

March 31,December 31,20252024AssetsCurrent assets:Cash and cash equivalents$254,341 $271,923 Restricted cash9,000 9,000 Accounts receivable, net of allowance for credit losses of $265 and $273 as of March 31, 2025 and December 31, 2024, respectively8,125 4,890 Prepaid expenses and other current assets15,995 17,342 Total current assets287,461 303,155 Property and equipment, net17,517 16,282 Operating lease right-of-use assets, net266 308 Non-marketable equity securities52,768 52,768 Restricted cash, non-current1,000 1,000 Other non-current assets867 755 Total assets$359,879 $374,268 Liabilities and stockholders’ equityCurrent liabilities:Accounts payable$9,386 $9,799 Operating lease liabilities, current1,609 1,544 Other current liabilities56,725 54,564 Total current liabilities67,720 65,907 Operating lease liabilities, non-current8,908 9,338 Long-term debt, net126,116 125,654 Other non-current liabilities327 333 Total liabilities203,071 201,232 Commitments and contingencies (Note 8)Stockholders’ equity:Common stock $0.0001 par value; 31.3 million shares authorized; Class A common stock – 25.0 million shares authorized; 18.7 million and 18.7 million shares issued; 12.5 million and 13.3 million outstanding as of March 31, 2025 and December 31, 2024, respectively; Class B common stock – 6.3 million shares authorized; 3.4 million shares issued and outstanding as of March 31, 2025 and December 31, 20241 1 Additional paid-in capital1,232,288 1,226,642 Accumulated deficit(1,038,400)(1,021,258)Treasury stock at cost, 6.3