Company: SKLZ
Filing Date: 2025-12-11
Form Type: 10-Q
Source: 0001801661-25-000071
Chunk: 22

Company: Skillz Inc.
Filing Date: 2025-12-11
Form: 10-Q
Item: Item 1
Chunk 22
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 provided by operating activities:Depreciation and amortization361 798 Stock-based compensation9,912 16,173 Accretion of unamortized debt discount and amortization of debt issuance costs939 834 Change in fair value of common stock warrant liabilities— (11)Changes in operating assets and liabilities:Accounts receivable, net(4,088)1,719 Prepaid expenses and other assets9,567 2,580 Accounts payable(1,184)4,636 Operating lease liabilities(10,573)(769)Other accruals and liabilities(1,611)(1,876)Net cash (used in) provided by operating activities(31,741)23,406 Investing ActivitiesPurchases of property and equipment(1,840)(914)Capitalization of software development costs(1,588)(8)Settlement of loan receivable— 2,000 Purchases of marketable securities— (5)Proceeds from sales of marketable securities— 1,137 Net cash (used in) provided by investing activities(3,428)2,210 Financing ActivitiesPrincipal payments on finance leases obligations(389)(455)Repurchase of common stock(7,708)(10,770)Net cash used in financing activities(8,097)(11,225)Net change in cash, cash equivalents and restricted cash(43,266)14,391 Cash, cash equivalents and restricted cash – beginning of year281,923 312,028 Cash, cash equivalents and restricted cash – end of period$238,657 $326,419 Supplemental cash flow data:Cash paid during the period for:Interest$6,668 $6,813 Taxes$51 $135 Noncash investing and financing activities:Purchases of property and equipment included in accounts payable$55 $118 Stock-based compensation capitalized in software development costs$143 $— 

 See accompanying Notes to the Condensed Consolidated Financial Statements.

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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)

1. Description of the Business and Basis of Presentation

BusinessSkillz (the “Company,” “Skillz” or “We”) generates revenue from our two reportable operating segments, Skillz and Aark