Company: SKLZ
Filing Date: 2025-12-11
Form Type: 10-Q
Source: 0001801661-25-000070
Chunk: 17

Company: Skillz Inc.
Filing Date: 2025-12-11
Form: 10-Q
Item: Item 1
Chunk 17
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 million and 5.4 million as of March 31, 2025 and December 31, 2024, respectively(37,081)(32,349)Total stockholders’ equity156,808 173,036 Total liabilities and stockholders’ equity$359,879 $374,268 

See accompanying Notes to the Condensed Consolidated Financial Statements.

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TABLE OF CONTENTS

SKILLZ INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(Unaudited, in thousands, except for number of shares and per share amounts)

Three Months Ended March 31,20252024Revenue$21,897 $25,235 Costs and expenses:Cost of revenue2,965 3,451 Research and development4,817 4,624 Sales and marketing18,005 20,994 General and administrative19,083 23,037 Gain from litigation settlement(7,500)— Total costs and expenses37,370 52,106 Loss from operations(15,473)(26,871)Interest (expense) income, net(1,071)112 Change in fair value of common stock warrant liabilities— 9 Other (expense) income, net(559)65 Loss before income taxes(17,103)(26,685)Provision for income taxes39 38 Net loss$(17,142)$(26,723)Loss per share:Basic and diluted$(1.05)$(1.45)Weighted average shares outstanding:Basic and diluted16,289,299 18,461,221 Other comprehensive income:Change in unrealized gain on available-for-sale investments, net of tax— 6 Total other comprehensive income— 6 Total comprehensive loss$(17,142)$(26,717)

See accompanying Notes to the Condensed Consolidated Financial Statements.

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TABLE OF CONTENTS

SKILLZ INC.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

(Unaudited, in thousands, except for number of shares)

Common stockTreasury StockAdditional paid-in capitalAccumulated other comprehensive lossAccumulated deficitTotal stockholders’ equitySharesAmountSharesAmountBalance at December 31, 202319,183,046 $1 2,314,908 $(13,000)$1,197,963 $(7)$(974,468)$210,489