Company: SKLZ
Filing Date: 2025-12-11
Form Type: 10-Q
Source: 0001801661-25-000070
Chunk: 28

Company: Skillz Inc.
Filing Date: 2025-12-11
Form: 10-Q
Item: Item 1
Chunk 28
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122 122 Construction in progress3,272 2,507 Total property and equipment28,887 27,487 Accumulated depreciation and amortization(11,370)(11,205)Property and equipment, net$17,517 $16,282 Property and equipment, net by geography was as follows:March 31,December 31,20252024United States$17,137 $15,909 Other Countries380373 Total$17,517 $16,282 Other Current LiabilitiesOther current liabilities consisted of the following as of March 31, 2025 and December 31, 2024:

11

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

March 31,December 31,20252024Indirect tax liabilities$15,387 $14,932 Accrued legal expenses14,426 15,244 End-user liability, net7,322 6,900 Accrued operating expenses4,596 7,933 Accrued publisher fees4,195 2,527 Accrued interest expenses3,877 554 Accrued compensation3,044 2,592 Accrued sales and marketing expenses2,281 1,832 Accrued developer revenue share863 862 Other462 724 Short-term lease obligations272 464 Other current liabilities$56,725 $54,564 

5. Fair Value Measurements

As of March 31, 2025 and December 31, 2024, the recorded values of cash and cash equivalents, restricted cash, accounts receivable and accounts payable approximate their respective fair values due to the short-term nature of the instruments.Cash and money market funds are classified within Level 1 of the fair value hierarchy. Highly liquid investments such as commercial papers and corporate bonds are classified within Level 2 of the fair value hierarchy.Assets measured at fair value on a recurring basis consisted of the following as of March 31, 2025 and December 31, 2024:Fair Value Measurements as of March 31, 2025Level 1Level 2Level 3TotalAssets:Cash equivalents:Money market funds$234,708 $— $— $234,708 Total assets$234,708 $—