Company: SKLZ
Filing Date: 2025-12-11
Form Type: 10-Q
Source: 0001801661-25-000070
Chunk: 18

Company: Skillz Inc.
Filing Date: 2025-12-11
Form: 10-Q
Item: Item 1
Chunk 18
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 Issuance of common stock upon release of restricted stock units64,020 — — — — — — — Issuance of common stock upon exercise of stock options566 — — — — — — — Shares withheld related to net share settlement(229)— — — — — — Shares repurchased by the Company and held as treasury stock(1,209,549)— 1,209,549 (6,956)— — — (6,956)Other comprehensive income— — — — — 6 — 6 Stock-based compensation— — — — 8,740 — — 8,740 Net loss— — — — — — (26,723)(26,723)Balance at March 31, 202418,037,854 $1 3,524,457 (19,956)$1,206,703 $(1)$(1,001,191)$185,556 Balance at December 31, 202416,736,904 $1 5,416,418 $(32,349)$1,226,642 $— $(1,021,258)173,036 Shares repurchased by the Company and held as treasury stock(845,564)— 845,564 (4,732)— — — (4,732)Stock-based compensation— — — — 5,646 — — 5,646 Net loss— — — — — — (17,142)(17,142)Balance at March 31, 202515,891,340 $1 6,261,982 (37,081)$1,232,288 $— $(1,038,400)$156,808 

See accompanying Notes to the Condensed Consolidated Financial Statements.

3

SKILLZ INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited, in thousands)

Three Months Ended March 31,20252024Operating ActivitiesNet loss$(17,142)$(26,723)Adjustments to reconcile net loss to net cash used in operating activities:Depreciation and amortization167 395 Stock-based compensation5,550 8,740 Acc