Company: SKLZ
Filing Date: 2025-12-11
Form Type: 10-Q
Source: 0001801661-25-000072
Chunk: 18

Company: Skillz Inc.
Filing Date: 2025-12-11
Form: 10-Q
Item: Item 1
Chunk 18
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 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 Shares repurchased by the Company and held as treasury shares(2,134)— 2,134 (15)— — — (15)Stock-based compensation— — — — 4,290 — 04,290 Net loss— — — — — — (17,442)(17,442)Balance at September 30, 202515,308,093 $1 6,849,640 $(40,072)$1,241,011 $— $(1,073,764)$127,176 

See accompanying Notes to the Condensed Consolidated Financial Statements.

3

SKILLZ INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited, in thousands)

Nine Months Ended September 30,20252024Operating ActivitiesNet loss$(52,506)$(21,793)Adjustments to reconcile net loss to net cash (used in) provided by operating activities:Depreciation and amortization585 1,188 Stock-based compensation14,181 22,894 Accretion of unamortized debt discount and amortization of debt issuance costs1,429 1,269 Change in fair value of common stock warrant liabilities— (11)Changes in operating assets and liabilities:Accounts receivable, net(9,374)670 Prepaid expenses and other assets10,130 3,588 Accounts payable(1,807)6,954 Operating lease liabilities(10,573)(1,062)Other accruals and liabilities(8,297)(1,274)Net cash (used in) provided by operating activities(56,232)12,423 Investing ActivitiesPurchases of property and equipment(2,108)(1,302)Capitalization of software development costs(2,615)(15)Purchases of marketable