Skillz (NYSE: SKLZ) to become Firy Inc. with new FIRY ticker
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Skillz Inc. plans to change its corporate name to Firy Inc. on June 18, 2026. Its Class A common stock is expected to begin trading on the NYSE under the new ticker symbol FIRY on June 22, 2026, while remaining listed on the same exchange and keeping the same CUSIP. Existing stockholders do not need to take any action for the name or ticker change. In connection with the rebrand, the company released limited information on reorganized business segments in Exhibit 99.1. The materials also explain how management uses the non-GAAP metric Adjusted EBITDA, outlining adjustments such as interest, taxes, depreciation, amortization, stock-based compensation, certain litigation items, and other non-cash or non-recurring charges.
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8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Terms
Adjusted EBITDA, non-GAAP performance measure, stock-based compensation, Gain from litigation settlement, +2 more
6 terms
Adjusted EBITDA financial
"The Company uses Adjusted EBITDA, a non-GAAP performance measure, to supplement its results"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
non-GAAP performance measure financial
"The Company uses Adjusted EBITDA, a non-GAAP performance measure, to supplement its results"
stock-based compensation financial
"Stock-based compensation: Non-cash expense from equity compensation granted to employees and directors"
Stock-based compensation is when a company pays employees, directors or consultants with shares or the right to buy shares instead of or in addition to cash. It matters to investors because issuing stock or options spreads ownership thinner (like cutting a pie into more slices), which can reduce each existing share’s claim on profits and can also change reported earnings; investors watch it to assess true cost of running the business and how management is incentivized.
Gain from litigation settlement financial
"Gain from litigation settlement: Non-recurring income from AviaGames settlement"
Segment allocations financial
"Segment allocations: Costs reclassified to present segment results on a consistent allocation basis"
litigation expense financial
"Litigation expense: Discrete legal costs associated with major cases"
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 8, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
(Address of principal executive offices, including zip code)
Registrant’s telephone number, including area code: (415 ) 762-0511
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01. Regulation FD Disclosure.
Skillz Inc. (the “Company”) announced that it intends to change its corporate name to “Firy Inc.” on June 18, 2026. The Company’s Class A common stock is expected to begin trading under the ticker symbol “FIRY” on the New York Stock Exchange (“NYSE”), effective the following trading day, June 22, 2026. No action is required by existing stockholders with respect to the name and ticker symbol change. The Company’s Class A common stock will continue to be listed on NYSE and the CUSIP will remain unchanged.
In connection with the Company’s anticipated name change and related rebrand to Firy Inc., the Company also released certain limited information regarding its reorganized business segments, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The information furnished pursuant to Item 7.01 of this Current Report on Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), or incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
| Item 9.01. | Financial Statements and Exhibits. | ||||
| (d) | Exhibits. | ||||||||||||||||
| Exhibit Number | Description | |||||||||||||||||||||||||
| 99.1 | Selected Slides. | |||||||||||||||||||||||||
| 104 | Cover Page Interactive Data File (embedded within the XBRL document) | |||||||||||||||||||||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| SKILLZ INC. | ||||||||
| By: | /s/ Todd A. Valli | |||||||
| Name: | Todd A. Valli | |||||||
| Title: | Chief Accounting Officer | |||||||
Date: June 8, 2026 | ||||||||
CONFIDENTIAL PROPERTY OF FIRY 1 Adjusted EBITDA Reconciliation Interest expense (income), net: Net interest on existing indebtedness offset by interest income on cash balances Stock-based compensation: Non-cash expense from equity compensation granted to employees and directors Depreciation and amortization: Non-cash charges primarily related to capitalized internal-use software and platform infrastructure Provision (benefit) for income taxes: Income tax expense recorded for the period, including both current and deferred taxes Gain from litigation settlement: Non-recurring income from AviaGames settlement Other (income) expense, net: Residual non-operating items (e.g., warrant fair value changes, FX, insurance recoveries) Litigation expense: Discrete legal costs associated with major cases (e.g., AviaGames, Papaya, Tether) Segment allocations: Costs reclassified to present segment results on a consistent allocation basis; no impact on consolidated Adjusted EBITDA Eliminations: Intercompany balances and transactions eliminated in consolidation; no impact on consolidated Adjusted EBITDA 1 2 3 4 5 7 6 Key Definitions 1 3 4 5 6 7 2 8 8 Note: Rounding may cause variances 9 9
CONFIDENTIAL PROPERTY OF FIRY 2 • The Company uses Adjusted EBITDA, a non-GAAP performance measure, to supplement its results presented in accordance with U.S. GAAP. The Company’s management believes Adjusted EBITDA is useful in evaluating its operating performance and is a similar measure reported by publicly- listed U.S. competitors, and regularly used by securities analysts, institutional investors, and other interested parties in analyzing operating performance and prospects. By providing this non-GAAP measure, the Company’s management intends to provide investors with a meaningful, consistent comparison of the Company’s profitability for the periods presented. The Company has provided herein a reconciliation of Adjusted EBITDA to the most directly comparable measures under GAAP. Adjusted EBITDA is not intended to be a substitute for any U.S. GAAP financial measures and, as calculated, may not be comparable to other similarly titled financial measures of other companies in other industries or within the same industry. • The Company defines and calculates Adjusted EBITDA as net income (loss), excluding interest income (expense), net; change in fair value of common stock warrant liabilities; other income (expense), net; provision for (benefit from) income taxes; depreciation and amortization; stock-based compensation expense and related payroll tax expense; and certain other non-cash or non-recurring items impacting net loss from time to time, including, but not limited to charges related to impairment of goodwill and long-lived assets, litigation accruals, loss contingency accruals, gain on extinguishment of debt, gains from litigation settlements, restructuring charges and one-time nonrecurring expenses, as they are not indicative of business operations. The Company defines and calculates Adjusted EBITDA, less litigation expense as Adjusted EBITDA excluding litigation expense.
FAQ
When will Skillz (SKLZ) change its corporate name to Firy Inc.?
Skillz plans to change its corporate name to Firy Inc. on June 18, 2026. This rebranding is accompanied by updated segment information and an explanation of its Adjusted EBITDA measure, but it does not affect existing shareholders’ holdings or require any action from them.
What will be the new NYSE ticker symbol for Skillz (SKLZ) after the rebrand?
The company’s Class A common stock is expected to trade on the NYSE under the new ticker symbol FIRY starting June 22, 2026. Shares remain listed on the NYSE, and the existing CUSIP number will stay the same following the ticker symbol change.
What non-GAAP metric does Skillz (SKLZ) highlight in connection with its Firy rebrand?
The company highlights Adjusted EBITDA as a key non-GAAP performance measure used alongside U.S. GAAP results. Management believes it helps evaluate operating performance and provides comparisons with publicly listed U.S. competitors, supported by a reconciliation to the most directly comparable GAAP measure.
How does Skillz (SKLZ) define Adjusted EBITDA in its materials?
The company defines Adjusted EBITDA as net income or loss excluding interest income and expense, other income or expense, taxes, depreciation, amortization, stock-based compensation and related payroll taxes, and specified non-cash or non-recurring items such as impairments, litigation-related accruals, restructuring charges, and one-time expenses.
What types of items can affect Skillz (SKLZ) Adjusted EBITDA calculations?
Adjustments may include interest expense or income, stock-based compensation, depreciation and amortization, income taxes, gains from litigation settlements, litigation expenses, other non-operating income or expense, and certain non-recurring charges like impairments, restructuring, or loss contingency accruals that management views as not indicative of ongoing operations.