SKLZ · Skillz Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $29.11M | - | $27.37M | $25.21M | $21.90M | - | $24.56M | $25.30M | $25.23M | - |
| Cost of Revenue | $3.60M | - | $3.35M | $3.22M | $2.96M | - | $3.37M | $3.35M | $3.45M | - |
| Gross Profit | $25.51M | - | $24.02M | $21.99M | $18.93M | - | $21.19M | $21.95M | $21.78M | - |
| R&D | $5.06M | - | $5.44M | $4.84M | $4.82M | - | $4.74M | $4.27M | $4.62M | - |
| SG&A | $19.41M | - | $17.48M | $16.71M | $19.08M | - | $18.15M | $17.24M | $23.04M | - |
| Total Operating Expenses | $37.85M | - | $43.65M | $41.20M | $37.37M | - | $45.56M | ($297.0K) | $52.11M | - |
| D&A | $716.0K | - | $224.0K | $194.0K | $167.0K | - | $389.0K | $745.0K | $395.0K | - |
| Operating Income | ($8.75M) | - | ($16.27M) | ($15.98M) | ($15.47M) | - | ($20.99M) | $25.59M | ($26.87M) | - |
| Interest Expense | $3.84M | - | $3.81M | $3.81M | $3.77M | - | $3.77M | $4.75M | $3.77M | - |
| Income Tax | $74.0K | - | $40.0K | ($19.0K) | $39.0K | - | $32.0K | $73.0K | $38.0K | - |
| Net Income | ($10.95M) | - | ($17.44M) | ($17.92M) | ($17.14M) | - | ($21.11M) | $26.05M | ($26.72M) | - |
| EPS - Basic | ($0.69) | - | ($1.14) | ($1.16) | ($1.05) | - | ($1.20) | $1.47 | ($1.45) | - |
| EPS - Diluted | ($0.69) | - | ($1.14) | ($1.16) | ($1.05) | - | ($1.20) | $1.44 | ($1.45) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $185.40M | $194.51M | $211.80M | $228.66M | $254.34M | $271.92M | $301.44M | $316.42M | $290.60M | $302.03M |
| Accounts Receivable | $16.06M | $14.41M | $14.26M | $8.98M | $8.13M | $4.89M | $5.27M | $4.22M | $5.10M | $5.94M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $8.61M | $9.71M | $7.99M | $8.62M | $9.39M | $9.80M | $8.67M | $6.35M | $11.37M | $1.71M |
| Current Assets | $209.10M | $216.48M | $233.12M | $254.19M | $287.46M | $303.15M | $321.82M | $334.77M | $311.61M | $324.69M |
| Total Assets | $287.35M | $293.45M | $309.25M | $328.20M | $359.88M | $374.27M | $390.19M | $402.86M | $382.35M | $395.83M |
| Current Liabilities | $184.33M | $180.71M | $53.94M | $60.93M | $67.72M | $65.91M | $55.53M | $52.44M | $61.48M | $49.86M |
| Long-term Debt | $0 | $0 | $127.08M | $126.59M | $126.12M | $125.65M | $125.20M | $124.77M | $124.34M | $123.94M |
| Total Liabilities | $185.13M | $181.63M | $182.07M | $187.86M | $203.07M | $201.23M | $190.72M | $187.63M | $196.79M | $185.34M |
| Stockholders' Equity | $102.21M | $111.82M | $127.18M | $140.34M | $156.81M | $173.04M | $199.46M | $215.23M | $185.56M | $210.49M |
| Retained Earnings | ($1.10B) | ($1.09B) | ($1.07B) | ($1.06B) | ($1.04B) | ($1.02B) | ($996.26M) | ($975.15M) | ($1.00B) | ($974.47M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($6.74M) | - | - | - | ($10.93M) | - | - | - | ($4.40M) | - |
| Investing Cash Flow | ($965.0K) | - | - | - | ($1.73M) | - | - | - | $169.0K | - |
| Financing Cash Flow | ($485.0K) | - | - | - | ($4.92M) | - | - | - | ($7.20M) | - |
| CapEx | $363.0K | - | - | - | $515.0K | - | - | - | $515.0K | - |
| Free Cash Flow | ($7.10M) | - | - | - | ($11.45M) | - | - | - | ($4.91M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 87.6% | - | 87.7% | 87.2% | 86.5% | - | 86.3% | 86.8% | 86.3% | - |
| Operating margin | -30.1% | - | -59.4% | -63.4% | -70.7% | - | -85.5% | 101.2% | -106.5% | - |
| EBITDA margin | -27.6% | - | -58.6% | -62.6% | -69.9% | - | -83.9% | 104.1% | -104.9% | - |
| Net margin | -37.6% | - | -63.7% | -71.1% | -78.3% | - | -86.0% | 103.0% | -105.9% | - |
| Free cash flow margin | -24.4% | - | - | - | -52.3% | - | - | - | -19.5% | - |
| FCF / Net income | 0.65 | - | - | - | 0.67 | - | - | - | 0.18 | - |
| R&D / Revenue | 17.4% | - | 19.9% | 19.2% | 22.0% | - | 19.3% | 16.9% | 18.3% | - |
| SG&A / Revenue | 66.7% | - | 63.9% | 66.3% | 87.1% | - | 73.9% | 68.1% | 91.3% | - |
| Effective tax rate | - | - | - | - | - | - | - | 0.3% | - | - |
| Return on assets | -3.8% | - | -5.6% | -5.5% | -4.8% | - | -5.4% | 6.5% | -7.0% | - |
| Return on equity | -10.7% | - | -13.7% | -12.8% | -10.9% | - | -10.6% | 12.1% | -14.4% | - |
| Return on invested capital | -6.8% | - | -5.1% | -4.7% | -4.3% | - | -5.1% | 7.5% | -6.8% | - |
| Liquidity | ||||||||||
| Current ratio | 1.13 | 1.20 | 4.32 | 4.17 | 4.24 | 4.60 | 5.80 | 6.38 | 5.07 | 6.51 |
| Quick ratio | 1.13 | 1.20 | 4.32 | 4.17 | 4.24 | 4.60 | 5.80 | 6.38 | 5.07 | 6.51 |
| Cash ratio | 1.01 | 1.08 | 3.93 | 3.75 | 3.76 | 4.13 | 5.43 | 6.03 | 4.73 | 6.06 |
| Leverage | ||||||||||
| Debt / Equity | 0.00 | 0.00 | 1.00 | 0.90 | 0.80 | 0.73 | 0.63 | 0.58 | 0.67 | 0.59 |
| Debt / Assets | 0.00 | 0.00 | 0.41 | 0.39 | 0.35 | 0.34 | 0.32 | 0.31 | 0.33 | 0.31 |
| Debt / EBITDA | - | - | - | - | - | - | - | 4.74 | - | - |
| Interest coverage | -2.3x | - | -4.3x | -4.2x | -4.1x | - | -5.6x | 5.4x | -7.1x | - |
| Equity multiplier | 2.81 | 2.62 | 2.43 | 2.34 | 2.30 | 2.16 | 1.96 | 1.87 | 2.06 | 1.88 |
| Liabilities / Assets | 0.64 | 0.62 | 0.59 | 0.57 | 0.56 | 0.54 | 0.49 | 0.47 | 0.51 | 0.47 |
| Efficiency | ||||||||||
| Asset turnover | 0.10 | - | 0.09 | 0.08 | 0.06 | - | 0.06 | 0.06 | 0.07 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 201d | - | 190d | 130d | 135d | - | 78d | 61d | 74d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 874d | - | 869d | 977d | 1155d | - | 938d | 692d | 1203d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | 5.0x | - | - |
| P / B | 0.4x | - | 1.0x | 0.8x | 0.5x | - | 0.5x | 0.6x | 0.6x | - |
| P / S | 1.4x | - | 4.5x | 4.2x | 3.3x | - | 4.0x | 5.1x | 4.7x | - |
| EV / EBITDA | - | - | - | - | - | - | - | -2.3x | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 32.9% | - | 11.4% | -0.3% | -13.2% | - | -32.6% | -37.0% | -43.1% | - |
| Revenue CAGR (3y) | -13.1% | - | -23.1% | -29.9% | -38.3% | - | -25.7% | -34.4% | -16.6% | - |
| Revenue CAGR (5y) | -7.7% | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 34.7% | - | 13.3% | 0.2% | -13.1% | - | -35.3% | -39.9% | -45.3% | - |
| Operating income growth (YoY) | 43.4% | - | 22.5% | - | 42.4% | - | 33.2% | - | 16.2% | - |
| Net income growth (YoY) | 36.2% | - | 17.4% | - | 35.9% | - | 37.1% | - | 24.9% | - |
| EPS growth (YoY) | 34.3% | - | 5.0% | - | 27.6% | - | 23.6% | - | -1511.1% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 38.0% | - | - | - | -133.1% | - | - | - | 81.3% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -34.8% | -35.4% | -36.2% | -34.8% | -15.5% | -17.8% | -12.4% | -13.0% | -27.1% | -24.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$104.94M totalSkillz$78.15M · 74.5%
RZR$26.79M · 25.5%
Product / service
$104.94M totalEntry Fee$76.89M · 73.3%
Advertising$26.79M · 25.5%
Maintenance Fee Revenue$1.26M · 1.2%
Geographic
$78.15M totalUS$72.73M · 93.1%
Non Us$2.21M · 2.8%
CN$1.82M · 2.3%
IL$704.0K · 0.9%
HK$570.0K · 0.7%
KR$113.0K · 0.1%
CY$7.0K · 0.0%
MT$4.0K · 0.0%
SG$1.0K · 0.0%
Peer comparison
Same SIC group: Services-Computer Processing & Data Preparation
Comparing Skillz Inc. against the 5 most active filers in the same SIC group.