Company: SKLZ
Filing Date: 2025-11-06
Form Type: 10-K
Source: 0001801661-25-000050
Chunk: 144

Company: Skillz Inc.
Filing Date: 2025-11-06
Form: 10-K
Item: Item 8
Chunk 144
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 over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. 

/s/ GRANT THORNTON LLP 

San Jose, California

November 6, 2025

71

SKILLZ INC.

CONSOLIDATED BALANCE SHEETS

(In thousands, except for number of shares and par value per share amounts)

December 31,20242023AssetsCurrent assets:Cash and cash equivalents$271,923 $302,028 Restricted cash9,000 — Accounts receivable, net of allowance for credit losses of $273 and $49 as of December 31, 2024 and 2023, respectively4,890 5,942 Prepaid expenses and other current assets17,342 6,721 Total current assets303,155 314,691 Non-current assets:Property and equipment, net16,282 14,549 Operating lease right-of-use assets, net308 — Marketable securities, non-current— 1,125 Non-marketable equity securities52,768 52,768 Restricted cash, non-current1,000 10,000 Other non-current assets755 2,693 Total non-current assets71,113 81,135 Total assets$374,268 $395,826 Liabilities and stockholders’ equityCurrent liabilities:Accounts payable$9,799 $1,712 Operating lease liabilities, current1,544 1,364 Other current liabilities54,564 46,782 Total current liabilities65,907 49,858 Non-current liabilities:Operating lease liabilities, non-current9,338 10,573 Common stock warrant liabilities, non-current— 11 Long-term debt, net125,654 123,935 Other non-current liabilities333 960 Total non-current liabilities135,325 135,479 Total liabilities201,232 185,337 Commitments and contingencies (Note 10)Stockholders’ equity:Preferred stock $0.0001 par value; 10 million shares authorized — 0 shares issued and outstanding as of December 31, 2024 and 2023— — Common stock $0.0001 par value; 31.3 million shares authorized; Class A common