Company: SKLZ
Filing Date: 2025-12-11
Form Type: 10-Q
Source: 0001801661-25-000071
Chunk: 19

Company: Skillz Inc.
Filing Date: 2025-12-11
Form: 10-Q
Item: Item 1
Chunk 19
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.4 million as of June 30, 2025 and December 31, 2024, respectively(40,057)(32,349)Total stockholders’ equity140,343 173,036 Total liabilities and stockholders’ equity$328,203 $374,268 

See accompanying Notes to the Condensed Consolidated Financial Statements.

1

TABLE OF CONTENTS

SKILLZ INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

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

Three Months Ended June 30,Six Months Ended June 30,2025202420252024Revenue$25,214 $25,295 $47,111 $50,530 Costs and expenses:Cost of revenue3,220 3,346 6,184 6,798 Research and development4,840 4,272 9,658 8,896 Sales and marketing16,431 20,849 34,436 41,842 General and administrative16,706 17,236 35,789 40,273 Gain from litigation settlement— (46,000)(7,500)(46,000)Total costs and expenses41,197 (297)78,567 51,809 (Loss) income from operations(15,983)25,592 (31,456)(1,279)Interest (expense) income, net(1,321)334 (2,392)447 Change in fair value of common stock warrant liabilities— 2 — 11 Other (expense) income, net(637)190 (1,196)254 (Loss) income before income taxes(17,941)26,118 (35,044)(567)(Benefit from) provision for income taxes(19)73 20 111 Net (loss) income$(17,922)$26,045 $(35,064)$(678)(Loss) earnings per share:Basic$(1.16)$1.47 $(2.21)$(0.04)Diluted$(1.16)$1.44 $(2.21)$(0.04)Weighted average shares outstanding:Basic15,491,239 17,776,904 15,888,064 18,119,062 Diluted15,