Company: SKLZ
Filing Date: 2025-12-11
Form Type: 10-Q
Source: 0001801661-25-000072
Chunk: 15

Company: Skillz Inc.
Filing Date: 2025-12-11
Form: 10-Q
Item: Item 1
Chunk 15
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.4 million as of September 30, 2025 and December 31, 2024, respectively(40,072)(32,349)Total stockholders’ equity127,176 173,036 Total liabilities and stockholders’ equity$309,245 $374,268 

See accompanying Notes to the Condensed Consolidated Financial Statements.

1

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 September 30,Nine Months Ended September 30,2025202420252024Revenue$27,374 $24,564 $74,485 $75,094 Costs and expenses:Cost of revenue3,355 3,373 9,539 10,171 Research and development5,444 4,742 15,102 13,638 Sales and marketing17,368 19,294 51,804 61,138 General and administrative17,479 18,147 53,269 58,419 Gain from litigation settlement— — (7,500)(46,000)Total costs and expenses43,646 45,556 122,214 97,366 Loss from operations(16,272)(20,992)(47,729)(22,272)Interest (expense) income, net(1,560)242 (3,952)688 Change in fair value of common stock warrant liabilities— — — 11 Other income (expense), net430 (333)(766)(78)Loss before income taxes(17,402)(21,083)(52,447)(21,651)Provision for income taxes40 32 59 142 Net loss$(17,442)$(21,115)$(52,506)$(21,793)Loss per share:Basic$(1.14)$(1.20)$(3.35)$(1.22)Diluted$(1.14)$(1.20)$(3.35)$(1.22)Weighted average shares outstanding:Basic15,308,114 17,531,790 15,692,623 17,928,062 Diluted15,308,114 17,531,790 15,692,623 17,