SKLZ (SKLZ)
Skillz Inc.
NYSE:SKLZCommunication Services · Electronic Gaming & Multimedia
Mkt Cap-
Float9.87M
O/S-
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$104.5M
Net Income-$70.41M
Total Assets$293.45M
Free Cash Flow-$70.33M
Debt & Equity
Debt 54%
Equity 46%
Total Debt$128.72M
Total Equity$111.82M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:20Reverse splitJun 26, 202320 shares → 1
Balance Sheet Details
Assets$293.45M
Liabilities$181.63M
Accounts Receivable$14.41M
Accounts Payable$9.71M
Inventory$0
PP&E (Net)$21.86M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Revenue | $104.5M | $95.47M | $152.08M | $269.71M | $380.15M | $229.05M | $119.87M | $50.78M |
| YoY Growth | 9.5% | -37.2% | -43.6% | -29.1% | 66.0% | 91.1% | 136.1% | - |
| Cost of Revenue | $13.05M | $13.4M | $15.38M | $30.72M | $25.24M | $12.28M | $5.71M | $2.11M |
| Gross Profit | $91.45M | $82.06M | $136.7M | $238.99M | $354.91M | $216.77M | $114.16M | $48.67M |
| Gross Margin | 87.5% | 86.0% | 89.9% | 88.6% | 93.4% | 94.6% | 95.2% | 95.8% |
| Research and Development | $20.62M | $17.2M | $28.15M | $52.27M | $46.23M | $23.23M | $11.24M | $7.55M |
| Selling, General, and Administrative | $142.24M | $159.22M | $219.51M | $440.03M | $602.49M | $296.73M | $127.75M | $66.66M |
| Other | $0 | -$46M | $3.33M | $168.05M | $0 | $0 | $0 | -$45K |
| Total Operating Expenses | $162.86M | $130.41M | $250.99M | $660.35M | $648.73M | $319.96M | $138.99M | $74.21M |
| Operating Income (EBIT) | -$71.42M | -$48.35M | -$114.29M | -$421.36M | -$293.81M | -$103.19M | -$24.83M | -$25.55M |
| Operating Margin | -68.3% | -50.6% | -75.2% | -156.2% | -77.3% | -45.1% | -20.7% | -50.3% |
| Interest Expense | $15.24M | $15.11M | $2.85M | $26.55M | $1.22M | $1.32M | $2.5M | $2.19M |
| Interest Income | $9.43M | $15.41M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $1.12M | $183K | $13.17M | -$17.86M | $86.75M | -$45.77M | $1.22M | -$2.23M |
| Income Before Tax (EBT) | -$70.3M | -$48.17M | -$101.12M | -$439.22M | -$207.06M | -$148.96M | -$23.61M | -$27.78M |
| Income Tax Expense | $108K | $61K | $239K | -$345K | -$19.14M | $115K | $0 | -$45K |
| Net Income | -$70.41M | -$48.23M | -$101.36M | -$438.88M | -$187.93M | -$149.08M | -$23.61M | -$27.78M |
| Net Income Margin | -67.4% | -50.5% | -66.6% | -162.7% | -49.4% | -65.1% | -19.7% | -54.7% |
| Supplementary Data | ||||||||
| EPS | -4.51 | -2.70 | -4.85 | -21.41 | -9.77 | -7.87 | -2.06 | -4.18 |
| Diluted EPS | -4.51 | -2.70 | -4.85 | -21.41 | -9.34 | -7.87 | -2.06 | -4.18 |
| Weighted Average OS | 15.61M | 17.85M | 20.89M | 20.50M | 19.23M | 18.49M | 14.45M | 6.65M |
| EBITDA | -$53.67M | -$92.69M | -$96.31M | -$394.8M | -$194.18M | -$146.03M | -$20.4M | -$25.19M |
| EBITDA Margin | -51.4% | -97.1% | -63.3% | -146.4% | -51.1% | -63.8% | -17.0% | -49.6% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Assets | ||||||||
| Current Assets | ||||||||
| Cash and Cash Equivalents | $194.51M | $281.92M | $302.03M | $362.52M | $241.33M | $262.73M | $25.63M | $22.54M |
| Short-Term Investments | $0 | $0 | $0 | $127.27M | $319.06M | $0 | $0 | $0 |
| Cash and Short-Term Investments | $194.51M | $281.92M | $302.03M | $489.78M | $560.39M | $262.73M | $25.63M | $22.54M |
| Accounts Receivable | $14.41M | $4.89M | $5.94M | $7.18M | $12.77M | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $1.13M | $7.59M | $1.36M | $1.49M | $1.5M | $865K | $7M | $1.79M |
| Total Current Assets | $216.48M | $294.4M | $314.69M | $501.68M | $589.86M | $273.22M | $35.09M | $24.78M |
| Long-Term Assets | ||||||||
| Property, Plant & Equipment Net | $21.86M | $16.25M | $14.55M | $3.46M | $24.5M | $5.29M | $3.65M | $1.17M |
| Goodwill | $0 | $0 | $0 | $0 | $85.87M | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $79.14M | $0 | $0 | $0 |
| Long-Term Investments | $52.77M | $52.77M | $53.89M | $112.38M | $238.28M | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $2.35M | $755K | $12.69M | $3.77M | $3.48M | $3.91M | $116K | $79K |
| Total Long-Term Assets | $76.98M | $69.77M | $81.14M | $119.61M | $431.26M | $9.2M | $3.76M | $1.25M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $293.45M | $364.17M | $395.83M | $621.29M | $1.02B | $282.42M | $38.86M | $26.03M |
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts Payable | $9.71M | $9.8M | $1.71M | $1.7M | $19.75M | $22.04M | $2.94M | $3M |
| Short-Term Debt | $127.59M | $1.54M | $0 | $0 | $0 | $0 | $0 | $875K |
| Current Income Tax Payable | $0 | $0 | $11.21M | $10.91M | $6.81M | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $13.18M | $45.91M | $9.56M | $13.97M | $24.39M | $6.61M | $1.96M | $4.28M |
| Total Current Liabilities | $180.71M | $57.25M | $49.86M | $49.49M | $99.82M | $47.36M | $10.48M | $10.21M |
| Long-Term Liabilities | ||||||||
| Long-Term Debt | $0 | $125.65M | $123.94M | $272.78M | $278.89M | $0 | $9.63M | $14.74M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $259K | $333K | $971K | $8.68M | $19.69M | $178.28M | $82K | $0 |
| Total Long-Term Liabilities | $924K | $135.32M | $135.48M | $293.4M | $312.15M | $178.28M | $9.71M | $14.74M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $181.63M | $192.58M | $185.34M | $342.89M | $411.96M | $225.63M | $20.19M | $24.95M |
| Stockholders' Equity | ||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $79.62M |
| Common Stock | $1K | $1K | $1K | $1K | $40K | $37K | $29K | $1K |
| Retained Earnings | -$1.09B | -$1.02B | -$974.47M | -$873.11M | -$434.23M | -$238.31M | -$90.26M | -$78.54M |
| Comprehensive Income & Other | -$371K | $0 | -$7K | -$1.56M | -$248K | $0 | $0 | $0 |
| Other Stockholders' Equity | $1.2B | $1.19B | $1.18B | $1.15B | $1.04B | $295.06M | $108.89M | $79.62M |
| Total Equity | $111.82M | $171.59M | $210.49M | $278.4M | $609.16M | $56.79M | $18.66M | $1.08M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $293.45M | $364.17M | $395.83M | $621.29M | $1.02B | $282.42M | $38.86M | $26.03M |
| Supplementary Data | ||||||||
| Total Debt | $128.72M | $136.54M | $136.7M | $288.38M | $297.01M | $0 | $9.63M | $15.62M |
| Net Debt | -$65.79M | -$145.39M | -$165.32M | -$74.14M | $55.68M | -$262.73M | -$16M | -$6.92M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Operating Activities | ||||||||
| Net Income | -$70.41M | -$46.79M | -$101.36M | -$438.88M | -$187.93M | -$149.08M | -$23.61M | -$27.78M |
| Depreciation & Amortization | $1.38M | $1.67M | $1.96M | $17.87M | $11.66M | $1.61M | $711K | $404K |
| Deferred Income Tax | $0 | $0 | $0 | -$698K | -$19.38M | $0 | $0 | $45K |
| Stock-Based Compensation | $19.58M | $30.02M | $43.69M | $108.2M | $60.33M | $23.76M | $1.24M | $6.68M |
| Changes in Working Capital: | ||||||||
| Accounts Receivable | -$9.51M | $831K | $1.24M | $5.59M | $931K | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $411K | $7.02M | $16K | -$17.22M | $6.26M | $10.73M | -$54K | $1.85M |
| Other Working Capital | -$12.61M | -$1.75M | -$8.28M | -$20.8M | $35.1M | $8.11M | $1.28M | $565K |
| Total Working Capital Change | -$21.7M | $6.11M | -$7.03M | -$32.43M | $42.29M | $18.84M | $1.23M | $2.42M |
| Other Non-Cash Items | $2.23M | $1.93M | -$9.03M | $166.33M | -$87.14M | $48.64M | -$1.51M | $1.29M |
| Net Cash from Operating | -$68.93M | -$7.07M | -$71.76M | -$179.6M | -$180.15M | -$56.23M | -$21.94M | -$16.95M |
| Investing Activities | ||||||||
| Capital Expenditures | -$1.4M | -$2.76M | -$13.24M | -$1.89M | -$3.24M | -$3.25M | -$3.22M | -$867K |
| Acquisitions | $0 | $0 | $0 | $0 | -$83.99M | $0 | $0 | $0 |
| Purchases of Investments | $0 | -$5K | $0 | -$454.09M | -$558.8M | $0 | $0 | $0 |
| Sales of Investments | $0 | $1.14M | $183.54M | $767.37M | $2.1M | $0 | $0 | $0 |
| Other Investing Activities | -$4.73M | $0 | -$2M | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$6.14M | -$1.63M | $168.3M | $311.39M | -$643.92M | -$3.25M | -$3.22M | -$867K |
| Financing Activities | ||||||||
| Debt Repaid | $462K | $502K | $1.1M | $2.61M | -$279.31M | $10M | -$6.06M | -$14.92M |
| Common Stock Issuance | -$1.26M | $0 | $0 | $1.31M | $402.14M | $0 | $0 | $18.41M |
| Common Stock Repurchases | -$9.26M | -$19.35M | -$13M | $0 | $0 | -$1.34M | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | -$1.44M | -$135.85M | -$9.3M | $121.23M | $232.51M | $197K | $192K |
| Net Cash from Financing | -$10.97M | -$21.29M | -$149.95M | -$10.61M | $802.68M | $296.58M | $31.17M | $33.33M |
| Forex Effect | -$371K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$86.41M | -$30.11M | -$53.41M | $121.18M | -$21.4M | $237.1M | $6.01M | $15.52M |
| Supplementary Data | ||||||||
| Operating Cash Flow | -$68.93M | -$7.07M | -$71.76M | -$179.6M | -$180.15M | -$56.23M | -$21.94M | -$16.95M |
| Capital Expenditure | -$1.4M | -$2.51M | -$13.24M | -$1.89M | -$3.24M | -$3.25M | -$3.22M | -$867K |
| Free Cash Flow | -$70.33M | -$9.58M | -$84.99M | -$181.49M | -$183.39M | -$59.48M | -$25.16M | -$17.82M |
| Cash at Beginning | $281.92M | $312.03M | $365.44M | $244.25M | $265.65M | $28.55M | $22.54M | $7.03M |
| Cash at End | $195.51M | $281.92M | $312.03M | $365.44M | $244.25M | $265.65M | $28.55M | $22.54M |