Company: SKLZ
Filing Date: 2025-11-06
Form Type: 10-K
Source: 0001801661-25-000050
Chunk: 175

Company: Skillz Inc.
Filing Date: 2025-11-06
Form: 10-K
Item: Item 8
Chunk 175
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 the notes is $121.6 million and $107.3 million as of December 31, 2024 and 2023, respectively based on secondary market quotes.        The following sets forth the activity for the 2021 Senior Secured Notes:2021 Senior Secured NotesBalance at December 31, 2023$107,303 Fair market value increase14,264 Balance as of December 31, 2024$121,567 

7. Investments

Investment ComponentsThe components of investments were as follows:As of December 31, 2024Adjusted Cost BasisUnrealized GainsUnrealized LossesFair ValueCash and Cash EquivalentsMarketable Securities - CurrentMarketable Securities - Non-currentMoney market funds$251,948 $— $— $251,948 $251,948 $— $— Total investments$251,948 $— $— $251,948 $251,948 $— $— As of December 31, 2023Adjusted Cost BasisUnrealized GainsUnrealized LossesFair ValueCash and Cash EquivalentsMarketable Securities - CurrentMarketable Securities - Non-currentAsset-backed securities$1,132 $— $(7)$1,125 $— $— $1,125 Money market funds287,060 — — 287,060 287,060 — — Total investments$288,192 $— $(7)$288,185 $287,060 $— $1,125 Non-marketable equity securities are investments in privately held companies without readily determinable fair values. We have accounted for these investments using the measurement alternative. Under the measurement alternative, the equity investment is initially recorded as its allocated cost, but the carrying value may be adjusted through earnings upon an impairment or when there is an observable price change involving the same or a similar investment with the same issuer. There were no indicators of impairment or the occurrence of observable price changes during the years ended December 31, 2024 and 2023. The carrying value of the Company’s investments without readily determinable fair values was $52.8 million in both December 31, 2024 and 2023 and was classified within “non-marketable equity securities” in the consolidated balance sheets. 

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TABLE OF CONTENTSSKILLZ INC.NOTES TO THE CONSOLIDATED FINANCIAL