Company: SKLZ
Filing Date: 2025-12-11
Form Type: 10-Q
Source: 0001801661-25-000072
Chunk: 49

Company: Skillz Inc.
Filing Date: 2025-12-11
Form: 10-Q
Item: Item 1
Chunk 49
---
2,496 8,785 Legal fees (non-litigation)578 1,624 Litigation expenses4,393 14,570 Office and operations expense1,075 1,075 Aarki operating expenses5,417 14,694 Other segment items714 3,489 Total Operating Expenses32,533 6,623 97,135 18,015 Segment Adjusted EBITDA$(12,098)$316 $(39,743)$(720) Three Months Ended September 30, 2024Nine Months Ended September 30, 2024Skillz SegmentAarki SegmentSkillz SegmentAarki SegmentRevenue$21,474 $3,111 $66,629 $8,533 Less:Cost of Revenue1,936 1,010 5,921 2,861 End User Engagement Marketing10,198 29,644 Paid Acquisition Spend3,813 12,093 Headcount expenses7,358 23,679 Consulting fees1,437 4,194 Vendor/Software Expenses3,825 10,572 Legal fees (non-litigation)38 6,541 Litigation expenses3,478 6,187 Office and operations expense1,532 5,414 Aarki operating expenses3,722 $11,606 Other segment items120 640 Total Operating Expenses33,735 4,732 104,885 14,467 Segment Adjusted EBITDA$(12,261)$(1,621)$(38,256)$(5,934)

25

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

Transactions Between Segments

Intercompany revenue was $21.0 thousand for the three months ended September 30 2024 and $202.0 thousand and $68.0 thousand for the nine months ended September 30, 2025 and 2024, respectively. There was no intercompany revenue for the three months ended September 30, 2025.

Aarki and Skillz are party to an agreement whereby Aarki will reimburse Skillz for shared services on a monthly basis. The amount paid for the three and nine months ended September 30, 2025 and 2024 were not material.

Capital