Company: SKLZ
Filing Date: 2025-11-06
Form Type: 10-K
Source: 0001801661-25-000050
Chunk: 202

Company: Skillz Inc.
Filing Date: 2025-11-06
Form: 10-K
Item: Item 8
Chunk 202
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31, 2024 and 2023, respectively. Capital expenditures in 2024 consisted primarily of costs related to internal-use software. Capital expenditures in 2023 consisted primarily of the acquisition of the Company’s headquarters by the Skillz segment in the amount of $11.5 million.

18. Net Loss Per Share

The Company computes net 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). Year Ended December 31,20242023Numerator:Net loss - basic and diluted$(46,790)$(101,360)Denominator:Weighted average common shares outstanding – basic and diluted17,845,771 20,893,085 Net loss per share attributable to common stockholders – basic$(2.62)$(4.85)The following outstanding common stock equivalents were considered antidilutive; and therefore, excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented (share numbers are not in thousands):Year Ended December 31,Number of Securities Outstanding20242023Common stock warrants226,786 226,786 Common stock options681,729 701,833 Performance stock units669,339 688,373 Restricted stock units1,769,947 2,497,773 Total3,347,801 4,114,765 

19. Subsequent Events

Lease in Bangalore, IndiaOn February 3, 2025, the Company entered into a letter of intent to lease space in an office building in Bangalore, India. The lease commenced on August 18, 2025 for a term of 36 months. The lease payment is approximately $35.7 thousand per month, plus applicable taxes with an annual escalation of 6% per annum.License Agreement Dispute

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

On April 1,