Company: SKLZ
Filing Date: 2025-12-11
Form Type: 10-Q
Source: 0001801661-25-000071
Chunk: 52

Company: Skillz Inc.
Filing Date: 2025-12-11
Form: 10-Q
Item: Item 1
Chunk 52
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.0 thousand for the three months ended September 30, 2025 and 2024, respectively and $202.0 thousand and $68.0 thousand for the six months ended June 30, 2025 and 2024, respectively .

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 six months ended June 30, 2025 and 2024, were not material.

Capital Expenditures

Consolidated capital expenditures were $3.4 million and $0.9 million in the six months ended June 30, 2025 and 2024, respectively. Capital expenditures in 2025 consisted primarily of costs related capitalized costs to develop internal-use software by the Skillz segment. Capital expenditures in 2024 consisted primarily of property and equipment by the Skillz segment.

13. (Loss) Earnings Per Share

The Company computes (loss) earnings per share of the Class A common stock and Class B common stock using the two-class method required for participating securities. Basic and diluted (loss) earnings per share are the same for each class of common stock as they are entitled to the same liquidation and dividend rights. The effect of potentially dilutive common shares is reflected in diluted (loss) per share by application of the treasury stock method. The following table sets forth the computation of basic and diluted (loss) earnings per Class A common stock and Class B common stock (in thousands, except for share and per share data):Three Months Ended June 30,Six Months Ended June 30,2025202420242023Numerator:Net (loss) income$(17,922)$26,045 $(35,064)$(678)Denominator:Weighted average shares outstanding15,491,239 17,776,904 15,888,064 18,119,062 (Loss) earnings per share, basic$(1.16)$1.47 $(2.21)$(0.04)Numerator:Net (loss) income$(17,922)$26,045 $(35,064)$(678)Denominator:Weighted average shares outstanding15,491,239 17,776,904 15,888,064 18,119,062 Dilutive impact of outstanding equity awards— 302,406 — — Weighted average shares outstanding –