Skillz Inc. (SKLZ) Financials
Newest figures come from the 10-Q for Q1 FY2026, filed May 15, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SKLZ SEC filings page.
Skillz Inc. (SKLZ) reported $111.7M in revenue over the twelve months to Mar 31, 2026, up 24.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue recovered modestly, but 2025’s cost structure converted that improvement into heavier cash consumption and tighter short-term liquidity.
Earnings quality deteriorated: operating cash flow moved from-$7.1M in FY2024 to-$68.9M in FY2025, closely matching the$70.4M net loss. That alignment means the larger accounting loss was also a real cash drain, not mainly a non-cash accounting effect.
Revenue recovered from
Financing posture changed materially: long-term debt fell from
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Skillz Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Skillz Inc. held $194.5M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $68.9M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Skillz Inc. scores 58/100 among other emerging companies.
Not available for Skillz Inc., and counted as zero in the overall score.
Skillz Inc. spent $20.6M on research and development in fiscal year 2025, which was 12.2% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Skillz Inc. scores 40/100 among other emerging companies.
Skillz Inc. reported revenue of $104.5M in fiscal year 2025, against $92.9M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Skillz Inc. scores 22/100 among other emerging companies.
Skillz Inc.'s operations used $68.9M of cash in fiscal year 2025, against $7.1M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Skillz Inc. scores 48/100 among other emerging companies.
Skillz Inc.'s cash, cash equivalents and investments came to $194.5M at the end of fiscal year 2025, against $181.6M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Skillz Inc. scores 60/100 among other emerging companies.
Skillz Inc. scores -4.97, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($138.0M) relative to total liabilities ($181.6M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Skillz Inc. passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
Skillz Inc. reported a net loss of $70.4M while operations used $68.9M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Skillz Inc. reported an operating loss of $63.9M against $15.2M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Skillz Inc. generated $29.1M in revenue in Q1 2026. This represents an increase of 32.9% from the same quarter a year earlier. Against the prior quarter it is down 3.0%.
Skillz Inc.'s EBITDA was -$8.0M in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 47.5% from the same quarter a year earlier. Against the prior quarter it is up 47.8%.
Skillz Inc. reported -$10.9M in net income in Q1 2026. This represents an increase of 36.2% from the same quarter a year earlier. Against the prior quarter it is up 38.9%.
Skillz Inc. earned -$0.69 per diluted share (EPS) in Q1 2026. This represents an increase of 34.3% from the same quarter a year earlier.
Cash & Balance Sheet
Skillz Inc. recorded an outflow of $7.1M in free cash flow in Q1 2026, representing a cash shortfall after capex. This represents an increase of 41.4% from the same quarter a year earlier. Against the prior quarter it is up 47.0%.
Skillz Inc. held $185.4M in cash against $0 in long-term debt as of Q1 2026.
Not reported for Q1 2026.
Margins & Returns
Skillz Inc.'s gross margin was 87.6% in Q1 2026, indicating the percentage of revenue retained after direct costs. This is up 1.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.7 percentage points.
Skillz Inc.'s operating margin was -30.1% in Q1 2026, reflecting core business profitability. This is up 40.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 23.9 percentage points.
Skillz Inc.'s net profit margin was -37.6% in Q1 2026, showing the share of revenue converted to profit. This is up 40.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 22.0 percentage points.
Skillz Inc.'s ROE was -10.7% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is up 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.3 percentage points.
Capital Allocation
Skillz Inc. invested $5.1M in research and development in Q1 2026. This represents an increase of 5.1% from the same quarter a year earlier. Against the prior quarter it is down 8.3%.
Skillz Inc. repurchased no shares in Q1 2026. This represents a decrease of 100.0% from the same quarter a year earlier. Against the prior quarter it is down 100.0%.
Skillz Inc. invested $363K in capex in Q1 2026, funding long-term assets and infrastructure. This represents a decrease of 69.5% from the same quarter a year earlier. Against the prior quarter it is down 48.5%.
SKLZ Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $29.1M+32.9% | $30.0M+68.9% | $27.4M+11.4% | $25.2M-0.3% | $21.9M-13.2% | $17.8M-42.9% | $24.6M-32.6% | $25.3M-37.0% |
| Cost of Revenue | $3.6M+21.3% | $3.5M+8.5% | $3.4M-0.5% | $3.2M-3.8% | $3.0M-14.1% | $3.2M-6.3% | $3.4M-8.7% | $3.3M-8.3% |
| Gross Profit | $25.5M+34.7% | $26.5M+82.3% | $24.0M+13.3% | $22.0M+0.2% | $18.9M-13.1% | $14.5M-47.4% | $21.2M-35.3% | $21.9M-39.9% |
| R&D Expenses | $5.1M+5.1% | $5.5M+77.5% | $5.4M+14.8% | $4.8M+13.3% | $4.8M+4.2% | $3.1M-8.3% | $4.7M-39.6% | $4.3M-46.8% |
| SG&A Expenses | $19.4M+1.7% | $17.9M-12.7% | $17.5M-3.7% | $16.7M-3.1% | $19.1M-17.2% | $20.4M+12.8% | $18.1M-25.6% | $17.2M-33.9% |
| Operating Income | -$8.8M+43.4% | -$16.2M+33.2% | -$16.3M+22.5% | -$16.0M-162.5% | -$15.5M+42.4% | -$24.2M-18.0% | -$21.0M+33.2% | $25.6M+184.6% |
| EBITDA | -$8.0M+47.5% | -$15.4M+35.2% | -$16.0M+22.1% | -$15.8M-160.7% | -$15.3M+42.2% | -$23.8M-16.2% | -$20.6M+33.4% | $26.0M+188.1% |
| Interest Expense | $3.8M+1.3% | $3.8M+1.1% | $3.8M+1.2% | $3.8M+0.8% | $3.8M+0.6% | $3.8M-54.5% | $3.8M+65.5% | $3.8M+120.6% |
| Income Tax | $74K+89.7% | $48K+162.3% | $40K+25.0% | -$19K-126.0% | $39K+2.6% | -$77K-263.8% | $32K+255.6% | $73K-36.0% |
| Net Income | -$10.9M+36.2% | -$17.9M+28.4% | -$17.4M+17.4% | -$17.9M-168.8% | -$17.1M+35.9% | -$25.0M-61.1% | -$21.1M+37.1% | $26.0M+255.9% |
| EPS (Basic) | -$0.69+34.3% | N/A | -$1.14+5.0% | -$1.16-178.9% | -$1.05+27.6% | N/A | -$1.20+23.6% | $1.47+286.1% |
| EPS (Diluted) | -$0.69+34.3% | N/A | -$1.14+5.0% | -$1.16-180.6% | -$1.05+27.6% | N/A | -$1.20+23.6% | $1.44+282.3% |
| Diluted Shares (Avg) | 16M-2.8% | N/A | 15M-12.7% | 15M-14.3% | 16M-11.8% | N/A | 18M-17.7% | 18M-14.5% |
SKLZ Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $287.3M-20.2% | $293.5M-21.6% | $309.2M-20.7% | $328.2M-18.5% | $359.9M-5.9% | $374.3M-5.4% | $390.2M-8.9% | $402.9M-10.0% |
| Current Assets | $209.1M-27.3% | $216.5M-28.6% | $233.1M-27.6% | $254.2M-24.1% | $287.5M-7.8% | $303.2M-3.7% | $321.8M-8.2% | $334.8M-9.0% |
| Cash & Equivalents | $185.4M-27.1% | $194.5M-28.5% | $211.8M-29.7% | $228.7M-27.7% | $254.3M-12.5% | $271.9M-10.0% | $301.4M-8.7% | $316.4M-2.6% |
| Accounts Receivable | $16.1M+97.7% | $14.4M+194.7% | $14.3M+170.6% | $9.0M+112.6% | $8.1M+59.4% | $4.9M-17.7% | $5.3M-43.1% | $4.2M-56.3% |
| Total Liabilities | $185.1M-8.8% | $181.6M-9.7% | $182.1M-4.5% | $187.9M+0.1% | $203.1M+3.2% | $201.2M+8.6% | $190.7M-4.8% | $187.6M-6.1% |
| Current Liabilities | $184.3M+172.2% | $180.7M+174.2% | $53.9M-2.9% | $60.9M+16.2% | $67.7M+10.1% | $65.9M+32.2% | $55.5M-14.3% | $52.4M-18.5% |
| Non-Current Liabilities | $807K-99.4% | $924K-99.3% | $128.1M-5.2% | $126.9M-6.1% | $135.4M0.0% | $135.3M-0.1% | $135.2M-0.3% | $135.2M-0.3% |
| Long-Term Debt | $0-100.0% | $0-100.0% | $127.1M+1.5% | $126.6M+1.5% | $126.1M+1.4% | $125.7M+1.4% | $125.2M+1.4% | $124.8M+1.3% |
| Total Equity | $102.2M-34.8% | $111.8M-35.4% | $127.2M-36.2% | $140.3M-34.8% | $156.8M-15.5% | $173.0M-17.8% | $199.5M-12.4% | $215.2M-13.5% |
| Retained Earnings | -$1.1B-6.2% | -$1.1B-6.9% | -$1.1B-7.8% | -$1.1B-8.3% | -$1.0B-3.7% | -$1.0B-4.8% | -$996.3M-3.9% | -$975.1M-5.4% |
Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments, Goodwill.
SKLZ Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$6.7M+38.4% | -$12.7M+34.9% | -$24.5M-123.0% | -$20.8M-174.9% | -$10.9M-148.7% | -$19.5M-58.9% | -$11.0M+40.4% | $27.8M+205.5% |
| Depreciation & Amortization | $716K+328.7% | $796K+66.5% | $224K-42.4% | $194K-51.9% | $167K-57.7% | $478K+359.6% | $389K-20.0% | $403K-45.9% |
| Stock-Based Compensation | $2.8M-50.3% | N/A | $4.3M-36.5% | $4.4M-41.3% | $5.5M-36.5% | N/A | $6.7M-46.0% | $7.4M-30.0% |
| Capital Expenditures | $363K-69.5% | -$705K+11.2% | $268K-30.9% | $648K+62.4% | $1.2M+131.5% | -$634K-45.1% | $388K-15.5% | $399K+2750.0% |
| Free Cash Flow | -$7.1M+41.4% | -$13.4M+33.4% | -$24.8M-117.7% | -$21.5M-178.3% | -$12.1M-146.9% | -$20.1M-49.9% | -$11.4M+39.8% | $27.4M+203.9% |
| Investing Cash Flow | -$965K+44.1% | -$1.4M-18.6% | -$1.3M+45.9% | -$1.7M-183.3% | -$1.7M-1121.9% | -$1.2M-126.2% | -$2.4M-110.0% | $2.0M-97.2% |
| Financing Cash Flow | -$485K+90.2% | -$2.8M+68.2% | -$70K+95.6% | -$3.2M+21.2% | -$4.9M+31.6% | -$8.8M+33.8% | -$1.6M-265.7% | -$4.0M+97.0% |
| Share Buybacks | $0-100.0% | $1.5M-81.8% | $15K-88.9% | $3.0M-22.0% | $4.7M-32.0% | $8.4M-35.0% | $135K | $3.8M |
Not reported in any period shown, so not listed: Dividends Paid.
SKLZ Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 87.6%+1.2pp | 88.3%+6.5pp | 87.7%+1.5pp | 87.2%+0.5pp | 86.5%+0.1pp | 81.8%-7.1pp | 86.3%-3.6pp | 86.8%-4.1pp |
| Operating Margin | -30.1%+40.6pp | -53.9% | -59.4%+26.0pp | -63.4% | -70.7% | -136.4% | -85.5%+0.8pp | 101.2% |
| Net Margin | -37.6%+40.7pp | -59.7% | -63.7%+22.2pp | -71.1% | -78.3% | -140.7% | -86.0%+6.1pp | 103.0% |
| Return on Equity | -10.7%+0.2pp | -16.0%-1.6pp | -13.7%-3.1pp | -12.8%-24.9pp | -10.9%+3.5pp | -14.4%-7.1pp | -10.6%+4.1pp | 12.1%+18.8pp |
| Return on Assets | -3.8%+1.0pp | -6.1%+0.6pp | -5.6%-0.2pp | -5.5%-11.9pp | -4.8%+2.2pp | -6.7%-2.8pp | -5.4%+2.4pp | 6.5%+10.2pp |
| Current Ratio | 1.13-3.1x | 1.20-3.4x | 4.32-1.5x | 4.17-2.2x | 4.24-0.8x | 4.60-1.7x | 5.80+0.4x | 6.38+0.7x |
| Debt-to-Equity | 0.00-0.8x | 0.00-0.7x | 1.00+0.4x | 0.90+0.3x | 0.80+0.1x | 0.73+0.1x | 0.63+0.1x | 0.58+0.1x |
| Asset Turnover | 0.100.0x | 0.10+0.1x | 0.090.0x | 0.080.0x | 0.060.0x | 0.050.0x | 0.060.0x | 0.060.0x |
| FCF Margin | -24.4%+31.0pp | -44.6% | -90.5%-44.2pp | -85.1% | -55.4%-35.9pp | -113.3% | -46.3%+5.5pp | 108.3% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Skillz Inc. SKLZ | FY2025 | $104.5M | -$70.4M | -67.4% | $138.0M | 38/100 |
| GD Culture Group Limited GDC | FY2025 | N/A | -$186.9M | N/A | $5.7M | — |
| PLAYSTUDIOS, Inc. MYPS | FY2025 | $235.1M | -$28.6M | -12.2% | $53.2M | 48/100 |
| GameSquare Holdings, Inc. GAME | FY2025 | $45.0M | -$40.1M | -89.1% | $40.5M | 26/100 |
| GDEV Inc. GDEV | FY2025 | $404.3M | $69.3M | 17.2% | $202.8M | 12/100 |
Where Skillz Inc. Ranks
Frequently Asked Questions
What is Skillz Inc.'s annual revenue?
Skillz Inc. (SKLZ) reported $104.5M in total revenue for fiscal year 2025. This represents a 12.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Skillz Inc.'s revenue growing?
Skillz Inc. (SKLZ) revenue grew by 12.5% year-over-year, from $92.9M to $104.5M in fiscal year 2025.
Is Skillz Inc. profitable?
No, Skillz Inc. (SKLZ) reported a net income of -$70.4M in fiscal year 2025, with a net profit margin of -67.4%.
What is Skillz Inc.'s EBITDA?
Skillz Inc. (SKLZ) had EBITDA of -$62.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Skillz Inc. have?
As of fiscal year 2025, Skillz Inc. (SKLZ) had $194.5M in cash and equivalents against $0 in long-term debt.
What is Skillz Inc.'s gross margin?
Skillz Inc. (SKLZ) had a gross margin of 87.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Skillz Inc.'s operating margin?
Skillz Inc. (SKLZ) had an operating margin of -61.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Skillz Inc.'s net profit margin?
Skillz Inc. (SKLZ) had a net profit margin of -67.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Skillz Inc.'s return on equity (ROE)?
Skillz Inc. (SKLZ) has a return on equity of -63.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Skillz Inc.'s free cash flow?
Skillz Inc. (SKLZ) recorded an outflow of $70.3M in free cash flow during fiscal year 2025. This represents a -808.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Skillz Inc.'s operating cash flow?
Skillz Inc. (SKLZ) recorded an outflow of $68.9M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Skillz Inc.'s total assets?
Skillz Inc. (SKLZ) had $293.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Skillz Inc.'s capital expenditures?
Skillz Inc. (SKLZ) invested $1.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Skillz Inc. spend on research and development?
Skillz Inc. (SKLZ) invested $20.6M in research and development during fiscal year 2025.
What is Skillz Inc.'s current ratio?
Skillz Inc. (SKLZ) had a current ratio of 1.20 as of fiscal year 2025, which is considered adequate.
What is Skillz Inc.'s debt-to-equity ratio?
Skillz Inc. (SKLZ) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Skillz Inc.'s return on assets (ROA)?
Skillz Inc. (SKLZ) had a return on assets of -24.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How does Skillz Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Skillz Inc. (SKLZ) held $194.5M in cash, cash equivalents and investments, and reported an operating cash outflow of $68.9M over that year. Dividing the one by the other, the reported balance equals about 34 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Skillz Inc.'s Altman Z-Score?
Skillz Inc. (SKLZ) has an Altman Z-Score of -4.97, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Skillz Inc.'s Piotroski F-Score?
Skillz Inc. (SKLZ) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Skillz Inc.'s earnings high quality?
Skillz Inc. (SKLZ) reported a net loss of $70.4M while operations used $68.9M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Skillz Inc. cover its interest payments?
Skillz Inc. (SKLZ) reported an operating loss of $63.9M against $15.2M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Skillz Inc.?
Skillz Inc. (SKLZ) scores 38 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.