Company: SKLZ
Filing Date: 2025-11-06
Form Type: 10-K
Source: 0001801661-25-000050
Chunk: 147

Company: Skillz Inc.
Filing Date: 2025-11-06
Form: 10-K
Item: Item 8
Chunk 147
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urchased by the Company and held as treasury stock(3,101,510)— 3,101,510 (19,349)— — — (19,349)Stock issued under employee stock purchase plan5,708 — — — 28 — — 28 Stock-based compensation— — — — 30,087 — 30,087 Other comprehensive income— — — — 7 — 7 Net loss— — — — — — (46,790)(46,790)Balance at December 31, 202416,736,904 1 5,416,418 $(32,349)$1,226,642 $— $(1,021,258)$173,036 

See accompanying Notes to the Consolidated Financial Statements.

74

SKILLZ INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

Year Ended December 31,20242023Operating ActivitiesNet loss$(46,790)$(101,360)Adjustment to reconcile net loss to net cash used in operating activities:Depreciation and amortization1,665 1,961 Stock-based compensation30,015 43,692 Gain on extinguishment of debt— (15,205)Accretion of unamortized debt discount and amortization of debt issuance costs1,719 2,214 Amortization of premium for marketable securities— 890 Impairment charges of goodwill and long-lived assets— 3,336 Change in fair value of common stock warrant liabilities(11)(278)Provision for bad debt221 276 Other, net— (259)Changes in operating assets and liabilities:Accounts receivable831 1,235 Prepaid expenses and other assets(8,683)(1,840)Accounts payable7,022 16 Operating lease liabilities(298)(2,138)Other accruals and liabilities7,235 (4,298)Net cash used in operating activities(7,074)(71,758)Investing ActivitiesPurchases of property and equipment(668)(13,236)Capitalization of software development costs(1,841)— Investment in loan receivable— (2,000)Purchases of marketable securities(5)— Proceeds from sales of marketable securities1,137 57,553 Proceeds