Company: SKLZ
Filing Date: 2025-12-11
Form Type: 10-Q
Source: 0001801661-25-000072
Chunk: 29

Company: Skillz Inc.
Filing Date: 2025-12-11
Form: 10-Q
Item: Item 1
Chunk 29
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, Other Assets and Deferred Costs: Contracts with Customers.Maintenance Fee RevenueWhen a player becomes inactive on the platform by not participating in a tournament for six consecutive months, the Company will impose a monthly maintenance fee. This fee is charged to the player and recognized as revenue by the Company beginning in the seventh month of inactivity.

4. Balance Sheet Components

Prepaid Expenses and Other Current AssetsPrepaid expenses and other current assets consisted of the following as of September 30, 2025 and December 31, 2024:September 30,December 31,20252024Credit card processing reserve$1,000 $1,000 Prepaid expenses4,949 5,949 Other current assets1,103 10,393 Prepaid expenses and other current assets$7,052 $17,342 Property and Equipment, netProperty and equipment consisted of the following as of September 30, 2025 and December 31, 2024:September 30,December 31,20252024Land$980 $980 Building12,793 12,590 Capitalized internal-use software9,605 9,128 Computer equipment and servers2,756 1,797 Furniture and fixtures378 363 Leasehold improvements122 122 Construction in progress5,399 2,507 Total property and equipment32,033 27,487 Accumulated depreciation and amortization(11,784)(11,205)Property and equipment, net$20,249 $16,282 Property and equipment, net by geography was as follows:September 30,December 31,20252024United States$19,855 $15,909 Other countries394373 Total$20,249 $16,282 

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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)

Other Current LiabilitiesOther current liabilities consisted of the following as of September 30, 2025 and December 31, 2024:September 30,December 31,20252024Indirect tax liabilities$14,606 $14,932 End-user liability, net6,657 6,900 Accrued publisher fees5,934 2,527 Accrued compensation4,964 2,592 Accrued operating expenses