Company: SKLZ
Filing Date: 2025-12-11
Form Type: 10-Q
Source: 0001801661-25-000072
Chunk: 50

Company: Skillz Inc.
Filing Date: 2025-12-11
Form: 10-Q
Item: Item 1
Chunk 50
---
 Expenditures

Consolidated capital expenditures were $4.7 million and $1.3 million in the nine months ended September 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 Per Share

The Company computes loss 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 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 per Class A common stock and Class B common stock (in thousands, except for share and per share data):Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Numerator:Net loss$(17,442)$(21,115)$(52,506)$(21,793)Denominator:Weighted average shares outstanding - basic and diluted15,308,114 17,531,790 15,692,623 17,928,062 Loss per share, basic and diluted$(1.14)$(1.20)$(3.35)$(1.22)The following outstanding common stock equivalents were considered antidilutive, and therefore, excluded from the computation of diluted loss per share attributable to common stockholders for the periods presented (share numbers are not in thousands).As of September 30,20252024Common stock warrants226,786 226,786 Common stock options681,231 673,421 Performance stock units18,724 1,001,476 Restricted stock units1,844,474 128,058 Total2,771,215 2,029,741 

26

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 September 30, 2025, the Company evaluated subsequent events for recognition and measurement purposes as of the filing date.  Except as described elsewhere in these condensed