Skillz Inc Financials
Skillz Inc (SKLZ) reported $104.5M in revenue for fiscal year 2025, up 12.5% from the prior fiscal year. 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).
Skillz’s high-gross-margin platform model still behaves like a cash-funded operation, with overhead and liquidity driving the economics.
FY2024’s near-cash-breakeven was not durable; FY2025 revenue recovered to$104.5M from$92.9M . At the same time, operating cash flow fell to-$68.9M and nearly matched the-$70.4M net loss, showing losses again translated almost directly into cash consumption. That weakens the idea that FY2024 marked a lasting cost reset.
The model remains gross-margin rich but expense-heavy: FY2025 gross margin stayed at
The balance sheet is simpler but tighter. 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.
Not available for Skillz Inc, and counted as zero in the overall score.
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 $104.5M in revenue in fiscal year 2025. This represents an increase of 12.5% from the prior year.
Skillz Inc's EBITDA was -$62.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 39.5% from the prior year.
Skillz Inc reported -$70.4M in net income in fiscal year 2025. This represents a decrease of 50.5% from the prior year.
Skillz Inc earned -$4.51 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 72.1% from the prior year.
Cash & Balance Sheet
Skillz Inc recorded an outflow of $70.3M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 808.4% from the prior year.
Skillz Inc held $194.5M in cash against $0 in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Skillz Inc's gross margin was 87.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.9 percentage points from the prior year.
Skillz Inc's operating margin was -61.2% in fiscal year 2025, reflecting core business profitability. This is down 11.1 percentage points from the prior year.
Skillz Inc's net profit margin was -67.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 17.0 percentage points from the prior year.
Skillz Inc's ROE was -63.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 35.9 percentage points from the prior year.
Capital Allocation
Skillz Inc invested $20.6M in research and development in fiscal year 2025. This represents an increase of 23.1% from the prior year.
Skillz Inc spent $9.3M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 52.2% from the prior year.
Skillz Inc invested $1.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 110.0% from the prior year.
SKLZ Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $111.7M | $104.5M+12.5% | $92.9M-38.9% | $152.1M-43.6% | $269.7M-29.1% | $380.2M+66.0% | $229.0M+91.1% | $119.9M+136.1% | $50.8M |
| Cost of Revenue | $13.7M | $13.1M-2.6% | $13.4M-12.8% | $15.4M-49.9% | $30.7M+21.7% | $25.2M+105.5% | $12.3M+115.0% | $5.7M+170.5% | $2.1M |
| Gross Profit | $98.0M | $91.4M+15.1% | $79.5M-41.9% | $136.7M-42.8% | $239.0M-32.7% | $354.9M+63.7% | $216.8M+89.9% | $114.2M+134.6% | $48.7M |
| R&D Expenses | $20.9M | $20.6M+23.1% | $16.7M-40.5% | $28.1M-46.1% | $52.3M+13.0% | $46.2M+99.1% | $23.2M+106.6% | $11.2M+48.9% | $7.5M |
| SG&A Expenses | $71.4M | $71.1M-9.8% | $78.9M-18.4% | $96.7M-40.7% | $163.0M+20.0% | $135.8M+219.8% | $42.5M+159.3% | $16.4M+9.4% | $15.0M |
| Operating Income | -$57.2M | -$63.9M-37.4% | -$46.5M+59.3% | -$114.3M+72.9% | -$421.4M-43.4% | -$293.8M-184.7% | -$103.2M-315.6% | -$24.8M+2.8% | -$25.5M |
| Interest Expense | $15.3M | $15.2M+0.9% | $15.1M-29.7% | $21.5M-47.2% | $40.6M+3226.4% | $1.2M-7.8% | $1.3M-46.9% | $2.5M+14.0% | $2.2M |
| Income Tax | $143K | $108K+63.6% | $66K-72.4% | $239K+169.3% | -$345K+98.2% | -$19.1M-16743.5% | $115K | $0 | $0 |
| Net Income | -$64.2M | -$70.4M-50.5% | -$46.8M+53.8% | -$101.4M+76.9% | -$438.9M-133.5% | -$187.9M-26.1% | -$149.1M-531.6% | -$23.6M+15.0% | -$27.8M |
| EPS (Diluted) | — | -$4.51-72.1% | -$2.62+46.0% | -$4.85+77.3% | -$21.41 | -$0.71-39.2% | -$0.51-466.7% | -$0.09 | N/A |
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
SKLZ Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $293.5M-21.6% | $374.3M-5.4% | $395.8M-36.3% | $621.3M-39.2% | $1.0B+261.6% | $282.4M+626.8% | $38.9M | N/A |
| Current Assets | $216.5M-28.6% | $303.2M-3.7% | $314.7M-37.3% | $501.7M-14.9% | $589.9M+115.9% | $273.2M+678.6% | $35.1M | N/A |
| Cash & Equivalents | $194.5M-28.5% | $271.9M-10.0% | $302.0M-16.7% | $362.5M+50.2% | $241.3M-8.1% | $262.7M+925.2% | $25.6M+13.7% | $22.5M |
| Accounts Receivable | $14.4M+194.7% | $4.9M-17.7% | $5.9M-17.2% | $7.2M-43.8% | $12.8M | $0 | N/A | N/A |
| Goodwill | N/A | N/A | N/A | $0-100.0% | $85.9M | $0 | N/A | N/A |
| Total Liabilities | $181.6M-9.7% | $201.2M+8.6% | $185.3M-45.9% | $342.9M-16.8% | $412.0M+76.3% | $233.6M+1057.1% | $20.2M | N/A |
| Current Liabilities | $180.7M+174.2% | $65.9M+32.2% | $49.9M+0.7% | $49.5M-50.4% | $99.8M+80.3% | $55.3M+428.1% | $10.5M | N/A |
| Long-Term Debt | $0-100.0% | $125.7M+1.4% | $123.9M-54.6% | $272.8M-2.2% | $278.9M | $0-100.0% | $9.6M | N/A |
| Total Equity | $111.8M-35.4% | $173.0M-17.8% | $210.5M-24.4% | $278.4M-54.3% | $609.2M+1148.4% | $48.8M+242.6% | $14.2M+1223.5% | $1.1M |
| Retained Earnings | -$1.1B-6.9% | -$1.0B-4.8% | -$974.5M-11.6% | -$873.1M-101.1% | -$434.2M-76.3% | -$246.3M-172.9% | -$90.3M | N/A |
Not reported in any period shown, so not listed: Inventory.
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.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$64.7M | -$68.9M-874.4% | -$7.1M+90.1% | -$71.8M+60.0% | -$179.6M+0.3% | -$180.2M-220.4% | -$56.2M-156.3% | -$21.9M-29.4% | -$16.9M |
| Capital Expenditures | $574K | $1.4M+110.0% | $668K-95.0% | $13.2M+599.6% | $1.9M-41.5% | $3.2M-0.3% | $3.2M+0.7% | $3.2M+271.7% | $867K |
| Free Cash Flow | -$66.7M | -$70.3M-808.4% | -$7.7M+90.9% | -$85.0M+53.2% | -$181.5M+1.0% | -$183.4M-208.3% | -$59.5M-136.4% | -$25.2M-41.2% | -$17.8M |
| Investing Cash Flow | -$5.4M | -$6.1M-345.7% | -$1.4M-100.8% | $168.3M-46.0% | $311.4M+148.4% | -$643.9M-19737.5% | -$3.2M-0.7% | -$3.2M-271.7% | -$867K |
| Financing Cash Flow | -$6.5M | -$11.0M+49.3% | -$21.7M+85.6% | -$150.0M-1314.0% | -$10.6M-101.3% | $802.7M+170.6% | $296.6M+851.5% | $31.2M-6.5% | $33.3M |
| Share Buybacks | $4.5M | $9.3M-52.2% | $19.3M+48.8% | $13.0M | $0 | $0-100.0% | $1.3M | $0 | $0 |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
SKLZ Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 87.5%+1.9pp | 85.6%-4.3pp | 89.9%+1.3pp | 88.6%-4.7pp | 93.4%-1.3pp | 94.6%-0.6pp | 95.2%-0.6pp | 95.8% |
| Operating Margin | -61.2%-11.1pp | -50.1%+25.1pp | -75.1% | -156.2% | -77.3%-32.2pp | -45.1%-24.3pp | -20.7%+29.6pp | -50.3% |
| Net Margin | -67.4%-17.0pp | -50.4%+16.3pp | -66.6% | -162.7% | -49.4%+15.7pp | -65.1%-45.4pp | -19.7%+35.0pp | -54.7% |
| Return on Equity | -63.0%-35.9pp | -27.0%+21.1pp | -48.1%+109.5pp | -157.6%-126.8pp | -30.9%+274.7pp | -305.5%-139.8pp | -165.8%+2416.0pp | -2581.8% |
| Return on Assets | -24.0%-11.5pp | -12.5%+13.1pp | -25.6%+45.0pp | -70.6%-52.2pp | -18.4%+34.4pp | -52.8%+8.0pp | -60.8% | N/A |
| Current Ratio | 1.20-3.4x | 4.60-1.7x | 6.31-3.8x | 10.14+4.2x | 5.91+1.0x | 4.94+1.6x | 3.35 | N/A |
| Debt-to-Equity | 0.00-0.7x | 0.73+0.1x | 0.59-0.4x | 0.98+0.5x | 0.46+0.5x | 0.00-0.7x | 0.68 | N/A |
| FCF Margin | -67.3%-59.0pp | -8.3%+47.5pp | -55.9%+11.4pp | -67.3%-19.1pp | -48.2%-22.3pp | -26.0%-5.0pp | -21.0%+14.1pp | -35.1% |
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.
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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.
What is Skillz Inc's cash runway?
Based on fiscal year 2025 data, Skillz Inc (SKLZ) had $194.5M in cash against an annual operating cash burn of $68.9M. This gives an estimated cash runway of approximately 34 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
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 42 out of 100 on our Financial Health Score, indicating moderate 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.