Company: SKLZ
Filing Date: 2025-12-11
Form Type: 10-Q
Source: 0001801661-25-000071
Chunk: 53

Company: Skillz Inc.
Filing Date: 2025-12-11
Form: 10-Q
Item: Item 1
Chunk 53
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diluted15,491,239 18,079,310 15,888,064 18,119,062 (Loss) earnings per share, diluted$(1.16)$1.44 $(2.21)$(0.04)The following outstanding common stock equivalents were considered antidilutive, and therefore, excluded from the computation of diluted (loss) earnings per share attributable to common stockholders for the periods presented (share numbers are not in thousands).As of June 30,20252024Common stock warrants226,786 226,786 Common stock options681,231 673,421 Performance stock units27,075 1,001,476 Restricted stock units1,937,832 128,058 Total2,872,924 2,029,741 

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

14. Subsequent Events

For the purpose of the condensed consolidated financial statements as of June 30, 2025, the Company evaluated subsequent events for recognition and measurement purposes as of the filing date.  Except as described elsewhere in these condensed consolidated financial statements, the Company has concluded that no events or transactions have occurred that require disclosure except as follows:Recovery of Legal Settlement     After receiving a total of $9.8 million from the D&O insurance carrier of the Flying Eagle legal matter (see Note 8, Commitments and Contingencies) the Company, in July 2025, paid a settlement of $10.0 million on this matter which the court approved in September 2025. Skillz v. Papaya Litigation     On October 28, 2025, the Judge denied Papaya’s motion for summary judgment as to Skillz’s claims against Papaya. The Court also denied Papaya’s motion to exclude Skillz’s survey and damages experts. On November 24, 2025, the Court granted Skillz’s motion for summary on Papaya’s remaining counterclaims and unclean hands defense.  The court’s rulings on certain motions related to the admissibility of expert testimony remain pending (see Note 8, Commitments and Contingencies).Skillz v. Tether LitigationOn August 29, 2025, the Company received a notice (“Notice”) from Tether indicating that Tether is terminating all of its