Company: SKLZ
Filing Date: 2025-12-11
Form Type: 10-Q
Source: 0001801661-25-000071
Chunk: 8

Company: Skillz Inc.
Filing Date: 2025-12-11
Form: 10-Q
Item: Item 2
Chunk 8
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6 million from our Skillz segment.  

Gain from litigation settlement

The gain from litigation settlement of $46.0 million for the three months ended June 30, 2024 was related to the litigation settlement with AviaGames. from our Skillz segment. Refer to Note 8, Commitment and Contingencies, of the notes to the condensed consolidated financial statements for further discussion.

Interest (expense) income, net

Interest expense was $1.3 million for the three months ended June 30, 2025 compared to interest income of $0.3 million for the three months ended June 30, 2024. This was primarily due to lower interest income earned as the Company sold its marketable securities during the prior year period from our Skillz segment.

(Benefit from) provision for income taxes

The benefit from income taxes was $19.0 thousand in the three months ended June 30, 2025, as compared to the provision for income taxes of $73.0 thousand in the three months ended June 30, 2024. This was primarily due to a book loss, state taxes and equity awards activities, mostly offset by a full valuation allowance on our deferred tax assets.

Results of Operations 

Comparison for the six months ended June 30, 2025 and 2024.

Six Months Ended June 30,2025 to 2024 Change20252024Increase/(Decrease)AmountPercentageRevenue$47,111 $50,530 $(3,419)(7)%Costs and expenses:Cost of revenue6,184 6,798 (614)(9)%Research and development9,658 8,896 762 9 %Sales and marketing34,436 41,842 (7,406)(18)%General and administrative35,789 40,273 (4,484)(11)%Gain from litigation settlement(7,500)(46,000)38,500 (84)%Total costs and expenses78,567 51,809 26,758 52 %Loss from operations(31,456)(1,279)(30,177)2359 %Interest (expense) income, net(2,392)447 (2,839)(635)%Change in fair value of common stock warrant liabilities— 11 (11)(100)%Other (expense) income, net(1,196)254 (1,450)(571)%Loss before income taxes(35,044