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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $104.50M | $92.86M | $152.08M | $269.71M | $384.09M | $230.12M |
| Cost of Revenue | $13.05M | $13.40M | $15.38M | $30.72M | $24.71M | $12.28M |
| Gross Profit | $91.45M | $79.46M | $136.70M | $238.99M | $359.38M | $217.83M |
| R&D | $20.62M | $16.75M | $28.15M | $52.27M | $46.02M | $23.23M |
| SG&A | $71.12M | $78.86M | $96.65M | $163.02M | $135.03M | $42.29M |
| Total Operating Expenses | $168.41M | $139.37M | $266.37M | $691.07M | $671.21M | $329.74M |
| D&A | $1.38M | $1.67M | $1.96M | $17.87M | $11.13M | $1.61M |
| Operating Income | ($63.92M) | ($46.50M) | ($114.29M) | ($421.36M) | ($287.12M) | ($99.62M) |
| Interest Expense | $15.24M | $15.11M | $21.48M | $23.99M | $1.22M | $1.32M |
| Income Tax | $108.0K | $66.0K | $239.0K | ($345.0K) | ($19.00M) | $115.0K |
| Net Income | ($70.41M) | ($46.79M) | ($101.36M) | ($438.88M) | ($181.38M) | ($122.46M) |
| EPS - Basic | ($4.51) | ($2.62) | ($4.85) | ($21.40) | ($9.80) | - |
| EPS - Diluted | ($4.51) | ($2.62) | ($4.85) | ($21.40) | ($9.80) | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $194.51M | $271.92M | $302.03M | $362.52M | $241.33M | $25.63M |
| Accounts Receivable | $14.41M | $4.89M | $5.94M | $7.18M | $13.50M | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $9.71M | $9.80M | $1.71M | $1.70M | $19.75M | $22.04M |
| Current Assets | $216.48M | $303.15M | $324.69M | $501.68M | $590.59M | $35.09M |
| Total Assets | $293.45M | $374.27M | $395.83M | $621.29M | $1.02B | $38.86M |
| Current Liabilities | $180.71M | $65.91M | $49.86M | $49.49M | $86.83M | $10.48M |
| Long-term Debt | $0 | $125.65M | $123.94M | $272.78M | $278.89M | $9.63M |
| Total Liabilities | $181.63M | $201.23M | $185.34M | $342.89M | $399.13M | $47.40M |
| Stockholders' Equity | $111.82M | $173.04M | $210.49M | $278.40M | $623.70M | $3.77M |
| Retained Earnings | ($1.09B) | ($1.02B) | ($974.47M) | ($873.11M) | ($419.69M) | ($90.26M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($68.93M) | ($7.07M) | ($71.76M) | ($179.60M) | ($180.15M) | ($56.23M) |
| Investing Cash Flow | ($6.14M) | ($1.38M) | $168.30M | $311.39M | ($643.92M) | ($3.25M) |
| Financing Cash Flow | ($10.97M) | ($21.65M) | ($149.95M) | ($10.61M) | $802.68M | $296.58M |
| CapEx | $1.40M | $668.0K | $13.24M | $1.89M | $3.24M | $3.25M |
| Free Cash Flow | ($70.33M) | ($7.74M) | ($84.99M) | ($181.49M) | ($183.39M) | ($59.48M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 87.5% | 85.6% | 89.9% | 88.6% | 93.6% | 94.7% |
| Operating margin | -61.2% | -50.1% | -75.2% | -156.2% | -74.8% | -43.3% |
| EBITDA margin | -59.8% | -48.3% | -73.9% | -149.6% | -71.9% | -42.6% |
| Net margin | -67.4% | -50.4% | -66.6% | -162.7% | -47.2% | -53.2% |
| Free cash flow margin | -67.3% | -8.3% | -55.9% | -67.3% | -47.7% | -25.8% |
| FCF / Net income | 1.00 | 0.17 | 0.84 | 0.41 | 1.01 | 0.49 |
| R&D / Revenue | 19.7% | 18.0% | 18.5% | 19.4% | 12.0% | 10.1% |
| SG&A / Revenue | 68.1% | 84.9% | 63.6% | 60.4% | 35.2% | 18.4% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -24.0% | -12.5% | -25.6% | -70.6% | -17.7% | -315.2% |
| Return on equity | -63.0% | -27.0% | -48.2% | -157.6% | -29.1% | -3251.8% |
| Return on invested capital | -45.2% | -12.3% | -27.0% | -60.4% | -25.1% | -587.6% |
| Liquidity | ||||||
| Current ratio | 1.20 | 4.60 | 6.51 | 10.14 | 6.80 | 3.35 |
| Quick ratio | 1.20 | 4.60 | 6.51 | 10.14 | 6.80 | 3.35 |
| Cash ratio | 1.08 | 4.13 | 6.06 | 7.32 | 2.78 | 2.45 |
| Leverage | ||||||
| Debt / Equity | 0.00 | 0.73 | 0.59 | 0.98 | 0.45 | 2.56 |
| Debt / Assets | 0.00 | 0.34 | 0.31 | 0.44 | 0.27 | 0.25 |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | -4.2x | -3.1x | -5.3x | -17.6x | -235.0x | -75.2x |
| Equity multiplier | 2.62 | 2.16 | 1.88 | 2.23 | 1.64 | 10.32 |
| Liabilities / Assets | 0.62 | 0.54 | 0.47 | 0.55 | 0.39 | 1.22 |
| Efficiency | ||||||
| Asset turnover | 0.36 | 0.25 | 0.38 | 0.43 | 0.38 | 5.92 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 50d | 19d | 14d | 10d | 13d | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 272d | 267d | 41d | 20d | 292d | 655d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | 0.6x | 0.5x | 0.6x | 14.9x | 70.3x | - |
| P / S | 0.6x | 1.0x | 0.9x | 15.4x | 114.1x | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 12.5% | -38.9% | -43.6% | -29.8% | 66.9% | - |
| Revenue CAGR (3y) | -27.1% | -37.7% | -12.9% | - | - | - |
| Revenue CAGR (5y) | -14.6% | - | - | - | - | - |
| Gross profit growth (YoY) | 15.1% | -41.9% | -42.8% | -33.5% | 65.0% | - |
| Operating income growth (YoY) | -37.4% | 59.3% | 72.9% | -46.8% | -188.2% | - |
| Net income growth (YoY) | -50.5% | 53.8% | 76.9% | -142.0% | -48.1% | - |
| EPS growth (YoY) | -72.1% | 46.0% | 77.3% | -118.4% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -808.4% | 90.9% | 53.2% | 1.0% | -208.3% | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -35.4% | -17.8% | -24.4% | -55.4% | 16461.3% | - |
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%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
-3.13
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Services-Computer Processing & Data Preparation
Comparing Skillz Inc. against the 5 most active filers in the same SIC group.