Company: SKLZ
Filing Date: 2025-12-11
Form Type: 10-Q
Source: 0001801661-25-000072
Chunk: 48

Company: Skillz Inc.
Filing Date: 2025-12-11
Form: 10-Q
Item: Item 1
Chunk 48
---
4RevenueSkillz Segment$20,435 $21,474 $57,392 $66,629 Aarki Segment6,939 3,111 17,295 8,533 Elimination— (21)(202)(68)Total Revenue$27,374 $24,564 $74,485 $75,094 Segment Adjusted EBITDASkillz Segment$(12,098)$(12,261)$(39,743)$(38,256)Aarki Segment316 (1,621)(720)(5,934)Total Segment Adjusted EBITDA$(11,782)$(13,882)$(40,463)$(44,190)Items to reconcile Segment Adjusted EBITDA to Net loss:Interest (expense) income, net$(1,560)$242 $(3,952)$688 Stock-based compensation(4,266)(6,721)(14,181)(22,894)Change in fair value of warrant liability— — — 11 Provision for income taxes(40)(32)(59)(142)Depreciation and amortization(224)(389)(585)(1,188)Gain from litigation settlement— — 7,500 46,000 Other income (expense), net430 (333)(766)(78)Net loss$(17,442)$(21,115)$(52,506)$(21,793)The following tables provide summarized information about the Company’s operations used by the CODM by reportable segment for the three and nine months ended September 30, 2025 and 2024, respectively.

24

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

Three Months Ended September 30, 2025Nine Months Ended September 30, 2025Skillz SegmentAarki SegmentSkillz SegmentAarki SegmentRevenue$20,435 $6,939 $57,392 $17,295 Less:Cost of Revenue2,079 1,206 6,218 3,321 End User Engagement Marketing8,568 24,948 Paid Acquisition Spend4,156 11,235 Headcount expenses6,914 21,051 Consulting fees1,560 4,140 Vendor/Software Expenses