Company: SKLZ
Filing Date: 2025-12-11
Form Type: 10-Q
Source: 0001801661-25-000071
Chunk: 65

Company: Skillz Inc.
Filing Date: 2025-12-11
Form: 10-Q
Item: Item 1
Chunk 65
---
 securities during the prior year period from our Skillz segment.

(Benefit from) provision for income taxes

The benefit from income taxes was $19.0 thousand in the three months ended June 30, 2025, as compared to the provision for income taxes of $73.0 thousand in the three months ended June 30, 2024. This was primarily due to a book loss, state taxes and equity awards activities, mostly offset by a full valuation allowance on our deferred tax assets.

Results of Operations 

Comparison for the six months ended June 30, 2025 and 2024.

Six Months Ended June 30,2025 to 2024 Change20252024Increase/(Decrease)AmountPercentageRevenue$47,111 $50,530 $(3,419)(7)%Costs and expenses:Cost of revenue6,184 6,798 (614)(9)%Research and development9,658 8,896 762 9 %Sales and marketing34,436 41,842 (7,406)(18)%General and administrative35,789 40,273 (4,484)(11)%Gain from litigation settlement(7,500)(46,000)38,500 (84)%Total costs and expenses78,567 51,809 26,758 52 %Loss from operations(31,456)(1,279)(30,177)2359 %Interest (expense) income, net(2,392)447 (2,839)(635)%Change in fair value of common stock warrant liabilities— 11 (11)(100)%Other (expense) income, net(1,196)254 (1,450)(571)%Loss before income taxes(35,044)(567)(34,477)6081 %Provision for income taxes20 111 (91)(82)%Net loss$(35,064)$(678)$(34,386)5072 %

Revenue

Revenue decreased by $3.4 million, or 7%, to $47.1 million in the six months ended June 30, 2025 from $50.5 million in the six months ended June 30, 2024. This was primarily due to lower tournament, services and other revenue of $8.8 million, partially offset by higher services and other revenue of $0.3 million from our Skillz segment, mostly offset by higher advertising revenue of $5.0 million