What is Skillz's operating income?

Skillz's total operating income in 2025 was -$63.92 million, based on the following breakdown: Total Gross Profit: $91.45 million Total Operating Expenses: $155.36 million

Skillz (SKLZ) Financials

$8.90 +0.06 (+0.68%)

Closing price 06/18/2026

Extended Trading

$8.90 0.00 (0.00%)

As of 06/18/2026 07:37 PM Eastern

Compare

Annual Income Statements for Skillz

This table shows Skillz's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-28	-24	-149	-188	-439	-101	-47	-70
Consolidated Net Income / (Loss)	-28	-24	-149	-188	-439	-101	-47	-70
Net Income / (Loss) Continuing Operations	-28	-24	-149	-188	-439	-101	-47	-70
Total Pre-Tax Income	-28	-24	-149	-207	-439	-101	-47	-70
Total Operating Income	-26	-25	-103	-294	-421	-114	-47	-64
Total Gross Profit	49	114	217	355	239	137	79	91
Total Revenue	51	120	229	380	270	152	93	104
Operating Revenue	51	120	229	380	270	152	93	104
Total Cost of Revenue	2.11	5.71	12	25	31	15	13	13
Total Operating Expenses	74	139	320	649	660	251	126	155
Selling, General & Admin Expense	15	16	42	136	163	97	79	71
Marketing Expense	52	111	254	467	277	123	76	71
Research & Development Expense	7.55	11	23	46	52	28	17	21
Other Special Charges / (Income)	-	-	-	-	-	0.00	-46	-7.50
Total Other Income / (Expense), net	-2.24	1.22	-46	87	-18	13	-0.22	-6.38
Interest & Investment Income	-	-	-	-	-	-2.85	0.30	-5.82
Other Income / (Expense), net	-0.05	3.72	-44	88	6.13	0.82	-0.52	-0.57
Income Tax Expense	0.00	0.00	0.12	-19	-0.35	0.24	0.07	0.11
Basic Earnings per Share	($0.12)	($0.09)	($0.51)	($0.49)	($21.41)	($4.85)	($2.62)	($4.51)
Weighted Average Basic Shares Outstanding	236.04M	261.23M	294.55M	384.63M	20.50M	20.89M	17.85M	15.61M
Diluted Earnings per Share	($0.12)	($0.09)	($0.51)	($0.71)	($21.41)	($4.85)	($2.62)	($4.51)
Weighted Average Diluted Shares Outstanding	236.04M	261.23M	294.55M	388.55M	20.50M	20.89M	17.85M	15.61M
Weighted Average Basic & Diluted Shares Outstanding	236.04M	261.23M	294.55M	409.72M	422.55M	-	-	15.60M

This table shows Skillz's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-34	-16	-27	26	-21	-25	-17	-18	-17	-18	-11
Consolidated Net Income / (Loss)	-34	-16	-27	26	-21	-25	-17	-18	-17	-18	-11
Net Income / (Loss) Continuing Operations	-34	-16	-27	26	-21	-25	-17	-18	-17	-18	-11
Total Pre-Tax Income	-34	-15	-27	26	-21	-25	-17	-18	-17	-18	-11
Total Operating Income	-31	-21	-27	26	-21	-24	-15	-16	-16	-16	-8.75
Total Gross Profit	33	28	22	22	21	15	19	22	24	27	26
Total Revenue	36	31	25	25	25	18	22	25	27	30	29
Operating Revenue	36	31	25	25	25	18	22	25	27	30	29
Total Cost of Revenue	3.69	3.45	3.45	3.35	3.37	3.24	2.97	3.22	3.36	3.51	3.60
Total Operating Expenses	64	48	49	-3.64	42	39	34	38	40	43	34
Selling, General & Admin Expense	24	18	23	17	18	20	19	17	17	18	19
Marketing Expense	32	23	21	21	19	15	18	16	17	19	17
Research & Development Expense	7.85	3.39	4.62	4.27	4.74	3.11	4.82	4.84	5.44	5.52	5.06
Other Special Charges / (Income)	0.00	-	0.00	-46	0.00	-	-7.50	0.00	0.00	-	-7.50
Total Other Income / (Expense), net	-2.10	5.08	0.19	0.53	-0.09	-0.84	-1.63	-1.96	-1.13	-1.66	-2.12
Interest & Investment Income	-2.28	-	0.11	0.33	0.24	-0.39	-1.07	-1.32	-1.56	-1.86	-2.28
Other Income / (Expense), net	0.18	0.44	0.07	0.19	-0.33	-0.45	-0.56	-0.64	0.43	0.20	0.16
Income Tax Expense	0.01	0.05	0.04	0.07	0.03	-0.08	0.00	-0.02	0.04	0.05	0.07
Basic Earnings per Share	($1.57)	($0.74)	($1.45)	$1.47	($1.20)	($1.40)	($1.05)	($1.16)	($1.14)	($1.16)	($0.69)
Weighted Average Basic Shares Outstanding	21.31M	20.89M	18.46M	17.78M	17.53M	17.85M	16.29M	15.49M	15.31M	15.61M	15.83M
Diluted Earnings per Share	($1.57)	($0.74)	($1.45)	$1.44	($1.20)	($1.40)	($1.05)	($1.16)	($1.14)	($1.16)	($0.69)
Weighted Average Diluted Shares Outstanding	21.31M	20.89M	18.46M	18.08M	17.53M	17.85M	16.29M	15.49M	15.31M	15.61M	15.83M
Weighted Average Basic & Diluted Shares Outstanding	21.45M	0.00	-	17.43M	17.87M	0.00	-	-	15.11M	15.60M	15.61M

This table details how cash moves in and out of Skillz's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	16	6.01	237	-21	121	-53	-30	-86
Net Cash From Operating Activities	-17	-22	-56	-180	-180	-72	-7.07	-69
Net Cash From Continuing Operating Activities	-17	-22	-56	-180	-180	-72	-7.07	-69
Net Income / (Loss) Continuing Operations	-28	-24	-149	-188	-439	-101	-47	-70
Consolidated Net Income / (Loss)	-28	-24	-149	-188	-439	-101	-47	-70
Depreciation Expense	0.40	0.71	1.61	12	18	1.96	1.67	1.38
Amortization Expense	1.29	2.14	0.56	0.15	6.84	3.10	1.72	1.94
Non-Cash Adjustments To Reconcile Net Income	6.73	-2.41	72	-30	265	32	30	20
Changes in Operating Assets and Liabilities, net	2.42	1.23	19	26	-30	-7.03	6.11	-22
Net Cash From Investing Activities	-0.87	-3.22	-3.25	-644	311	168	-1.38	-6.14
Net Cash From Continuing Investing Activities	-0.87	-3.22	-3.25	-644	311	168	-1.38	-6.14
Purchase of Property, Plant & Equipment	-0.87	-3.22	-3.25	-3.24	-1.89	-13	-2.51	-6.14
Purchase of Investments	-	0.00	0.00	-559	-454	0.00	-0.01	0.00
Sale and/or Maturity of Investments	-	0.00	0.00	2.10	767	184	1.14	0.00
Net Cash From Financing Activities	33	31	297	803	-11	-150	-22	-11
Net Cash From Continuing Financing Activities	33	31	297	803	-11	-150	-22	-11
Repayment of Debt	-5.00	-3.50	-10	-0.00	-9.30	-136	-0.87	-0.46
Repurchase of Common Equity	0.00	0.00	-1.34	0.00	0.00	-13	-19	-9.26
Other Financing Activities, net	0.00	0.00	231	116	-2.61	-1.10	-1.44	-1.26
Effect of Exchange Rate Changes	-	-	-	-	-	-	0.00	-0.37
Cash Interest Paid	0.20	0.27	0.82	0.18	30	18	13	13
Cash Income Taxes Paid	-	-	-	-	0.00	0.40	0.18	0.15

This table details how cash moves in and out of Skillz's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	5.12	-21	-11	26	-15	-30	-18	-26	-17	-9.11
Net Cash From Operating Activities	-18	-12	-4.40	28	-11	-19	-11	-24	-13	-6.74
Net Cash From Continuing Operating Activities	-18	-12	-4.40	28	-11	-19	-11	-24	-13	-6.74
Net Income / (Loss) Continuing Operations	-34	-16	-27	26	-21	-25	-17	-17	-18	-11
Consolidated Net Income / (Loss)	-34	-16	-27	26	-21	-25	-17	-17	-18	-11
Depreciation Expense	0.49	0.10	0.40	0.40	0.39	0.48	0.17	0.22	0.80	0.72
Amortization Expense	0.64	0.45	0.41	0.42	0.44	0.45	0.46	0.49	0.51	0.52
Non-Cash Adjustments To Reconcile Net Income	12	13	8.73	7.43	6.72	7.34	5.58	4.27	5.69	2.88
Changes in Operating Assets and Liabilities, net	1.98	-10	13	-6.50	2.59	-2.77	0.01	-12	-1.78	0.09
Net Cash From Investing Activities	24	4.56	0.17	2.04	-2.40	-1.19	-1.73	-1.30	-1.41	-0.97
Net Cash From Continuing Investing Activities	24	4.56	0.17	2.04	-2.40	-1.19	-1.73	-1.30	-1.41	-0.97
Purchase of Property, Plant & Equipment	-0.46	-1.16	-0.52	-0.41	-0.40	-1.19	-1.73	-1.30	-1.41	-0.97
Net Cash From Financing Activities	-0.44	-13	-7.20	-4.03	-1.60	-8.83	-4.92	-0.07	-2.81	-0.49
Net Cash From Continuing Financing Activities	-0.44	-13	-7.20	-4.03	-1.60	-8.83	-4.92	-0.07	-2.81	-0.49
Repayment of Debt	-	-	-	-	-0.23	-0.19	-0.19	-	-0.02	0.00
Repurchase of Common Equity	-	-13	-6.96	-3.81	-0.14	-8.44	-4.73	-0.02	-1.53	0.00
Other Financing Activities, net	-0.37	-0.34	-0.24	-	-	-0.20	0.00	0.39	-1.26	-0.49
Effect of Exchange Rate Changes	-	-	-	-	-	-	0.00	-	-	-0.93
Cash Interest Paid	0.05	6.07	0.03	6.78	-0.09	6.66	0.01	0.02	6.60	0.00
Cash Income Taxes Paid	0.04	0.20	0.00	0.14	0.05	-	0.03	0.00	0.10	0.01

This table presents Skillz's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	39	282	1,021	621	396	374	293
Total Current Assets	35	273	590	502	315	303	216
Cash & Equivalents	26	263	241	363	302	272	195
Accounts Receivable	-	0.00	13	7.18	5.94	4.89	14
Prepaid Expenses	9.46	10	17	4.72	6.72	17	7.55
Plant, Property, & Equipment, net	3.65	0.00	9.99	2.99	15	16	21
Total Noncurrent Assets	0.12	9.20	421	117	67	55	56
Long-Term Investments	-	0.00	238	57	1.13	53	53
Other Noncurrent Operating Assets	0.12	9.20	18	60	65	2.06	3.43
Total Liabilities & Shareholders' Equity	39	282	1,021	621	396	374	293
Total Liabilities	20	226	412	343	185	201	182
Total Current Liabilities	10	47	100	49	50	66	181
Short-Term Debt	-	-	-	-	-	0.00	128
Accounts Payable	2.94	22	20	1.70	1.71	9.80	9.71
Other Current Liabilities	7.54	20	80	48	47	56	43
Total Noncurrent Liabilities	9.71	178	312	293	135	135	0.92
Other Noncurrent Operating Liabilities	0.08	178	33	21	12	9.67	0.92
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	19	57	609	278	210	173	112
Total Preferred & Common Equity	19	57	609	278	210	173	112
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	19	57	609	278	210	173	112
Common Stock	109	295	1,044	1,153	1,198	1,227	1,245
Retained Earnings	-90	-238	-434	-873	-974	-1,021	-1,092
Treasury Stock	-	-	-	0.00	-13	-32	-42
Accumulated Other Comprehensive Income / (Loss)	-	0.00	-0.25	-1.56	-0.01	0.00	-0.37

This table presents Skillz's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	428	382	403	390	360	328	309	287
Total Current Assets	350	312	335	322	287	254	233	209
Cash & Equivalents	330	291	316	301	254	229	212	185
Accounts Receivable	9.27	5.10	4.22	5.27	8.13	8.98	14	16
Prepaid Expenses	6.28	5.92	4.13	5.10	16	7.55	7.05	7.64
Plant, Property, & Equipment, net	14	15	15	15	18	19	20	21
Total Noncurrent Assets	64	56	53	53	55	55	56	57
Long-Term Investments	2.06	0.45	0.00	0.00	53	53	53	53
Other Noncurrent Operating Assets	62	55	53	53	2.13	2.20	3.11	4.50
Total Liabilities & Shareholders' Equity	428	382	403	390	360	328	309	287
Total Liabilities	200	197	188	191	203	188	182	185
Total Current Liabilities	65	61	52	56	68	61	54	184
Short-Term Debt	-	-	-	-	-	-	-	128
Accounts Payable	2.40	11	6.35	8.67	9.39	8.62	7.99	8.61
Other Current Liabilities	62	50	46	47	58	52	46	48
Total Noncurrent Liabilities	136	135	135	135	135	127	128	0.81
Other Noncurrent Operating Liabilities	12	11	10	9.99	9.24	0.33	1.04	0.81
Commitments & Contingencies	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	228	186	215	199	157	140	127	102
Total Preferred & Common Equity	228	186	215	199	157	140	127	102
Preferred Stock	0.00	0.00	-	-	-	-	-	0.00
Total Common Equity	228	186	215	199	157	140	127	102
Common Stock	1,187	1,207	1,214	1,220	1,232	1,237	1,241	1,248
Retained Earnings	-959	-1,001	-975	-996	-1,038	-1,056	-1,074	-1,103
Treasury Stock	-	-20	-24	-24	-37	-40	-40	-42
Accumulated Other Comprehensive Income / (Loss)	-0.04	-0.00	0.00	0.00	-	-	-	-1.30

This table displays calculated financial ratios and metrics derived from Skillz's official financial filings.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	0.00	0.00	86,250,000.00	408,052,320.00	420,303,019.00	21,447,660.00	17,868,489.00	45,324,390.00
DEI Adjusted Shares Outstanding	0.00	0.00	4,312,500.00	20,402,616.00	21,015,151.00	21,447,660.00	17,868,489.00	45,324,390.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	0.00	-34.57	-9.21	-20.88	-4.73	-2.62	-1.55
Growth Metrics	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	136.07%	91.08%	65.97%	-29.05%	-43.61%	-38.94%	12.52%
EBITDA Growth	0.00%	23.60%	-696.76%	-33.38%	-101.27%	72.24%	59.75%	-40.17%
EBIT Growth	0.00%	17.51%	-599.45%	-39.42%	-101.72%	72.67%	58.56%	-37.14%
NOPAT Growth	0.00%	2.81%	-315.62%	-184.73%	-43.41%	72.88%	59.31%	-37.45%
Net Income Growth	0.00%	15.03%	-531.56%	-26.06%	-133.54%	76.90%	53.84%	-50.48%
EPS Growth	0.00%	25.00%	-466.67%	-39.22%	-133.54%	77.35%	45.98%	-72.14%
Operating Cash Flow Growth	0.00%	-29.44%	-156.33%	-220.38%	0.31%	60.05%	90.14%	-874.37%
Free Cash Flow Firm Growth	0.00%	0.00%	780.35%	-467.37%	58.04%	48.64%	132.49%	-304.86%
Invested Capital Growth	0.00%	0.00%	-7,827.62%	143.40%	-94.78%	598.82%	-207.25%	77.51%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	11.19%	-17.71%	-9.39%	-12.55%	13.27%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-17.63%	-10.70%	51.96%	-10.68%	12.91%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-19.95%	-8.96%	51.15%	-10.81%	11.88%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-27.80%	-7.26%	50.94%	-8.62%	11.18%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-22.86%	-9.47%	55.80%	-25.43%	9.15%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-82.05%	-9.47%	54.93%	-23.00%	10.87%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	-38.78%	26.28%	0.75%	-4,784.77%	8.98%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	32.75%	-244.92%	221.24%	-167.80%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-17.54%	-96.80%	128.97%	-364.68%	23.65%
Profitability Metrics	-	-	-	-	-	-	-	-
Gross Margin	95.84%	95.23%	94.64%	93.36%	88.61%	89.89%	85.57%	87.51%
EBITDA Margin	-47.07%	-15.23%	-63.51%	-51.04%	-144.79%	-71.28%	-46.99%	-58.54%
Operating Margin	-50.31%	-20.71%	-45.05%	-77.29%	-156.23%	-75.15%	-50.08%	-61.17%
EBIT Margin	-50.40%	-17.61%	-64.46%	-54.15%	-153.95%	-74.62%	-50.63%	-61.71%
Profit (Net Income) Margin	-54.71%	-19.69%	-65.09%	-49.43%	-162.72%	-66.65%	-50.39%	-67.38%
Tax Burden Percent	100.00%	100.00%	100.08%	90.76%	99.92%	100.24%	100.14%	100.15%
Interest Burden Percent	108.56%	111.83%	100.90%	100.59%	105.78%	89.11%	99.37%	109.02%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-1,304.29%	0.00%	0.00%	-627.20%	-428.92%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-1,226.47%	0.00%	0.00%	-590.92%	-419.46%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	1,051.35%	0.00%	0.00%	528.30%	387.46%	0.00%	0.00%
Return on Equity (ROE)	0.00%	-252.93%	-395.16%	-56.44%	-98.89%	-41.47%	-24.40%	-49.43%
Cash Return on Invested Capital (CROIC)	0.00%	-1,504.29%	0.00%	-560.50%	-447.06%	-578.85%	0.00%	0.00%
Operating Return on Assets (OROA)	0.00%	-54.32%	-91.91%	-31.58%	-50.56%	-22.31%	-12.21%	-19.31%
Return on Assets (ROA)	0.00%	-60.75%	-92.80%	-28.83%	-53.44%	-19.93%	-12.15%	-21.09%
Return on Common Equity (ROCE)	0.00%	-252.93%	-395.16%	-56.44%	-98.89%	-41.47%	-24.40%	-49.43%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-126.47%	-262.52%	-30.85%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-18	-17	-72	-206	-295	-80	-33	-45
NOPAT Margin	-35.22%	-14.50%	-31.54%	-54.10%	-109.36%	-52.61%	-35.05%	-42.82%
Net Nonoperating Expense Percent (NNEP)	0.00%	-77.82%	-55.14%	4.54%	-36.28%	-9.46%	-7.38%	-15.66%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-53.51%	-23.92%	-10.90%	-18.69%
Cost of Revenue to Revenue	4.16%	4.77%	5.36%	6.64%	11.39%	10.11%	14.43%	12.49%
SG&A Expenses to Revenue	29.49%	13.66%	18.54%	35.72%	60.44%	63.56%	84.91%	68.06%
R&D to Revenue	14.86%	9.38%	10.14%	12.16%	19.38%	18.51%	18.03%	19.73%
Operating Expenses to Revenue	146.15%	115.95%	139.69%	170.65%	244.84%	165.04%	135.64%	148.68%
Earnings before Interest and Taxes (EBIT)	-26	-21	-148	-206	-415	-113	-47	-64
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-24	-18	-145	-194	-391	-108	-44	-61
Valuation Ratios	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	32.15	30.38	4.98	0.76	0.64	0.52	0.58
Price to Tangible Book Value (P/TBV)	0.00	32.15	30.38	6.84	0.76	0.64	0.52	0.58
Price to Revenue (P/Rev)	11.82	5.01	7.53	7.99	0.79	0.88	0.97	0.62
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	219.14	0.00	28.15	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	4.87	6.38	6.62	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	10.72	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.52	0.00	0.46	0.98	0.59	0.73	1.14
Long-Term Debt to Equity	0.00	0.52	0.00	0.46	0.98	0.59	0.73	0.00
Financial Leverage	0.00	-0.86	-3.69	-1.18	-0.89	-0.92	-1.01	-1.15
Leverage Ratio	0.00	2.08	4.26	1.96	1.85	2.08	2.01	2.34
Compound Leverage Factor	0.00	2.33	4.30	1.97	1.96	1.85	2.00	2.56
Debt to Total Capital	0.00%	34.03%	0.00%	31.40%	49.49%	37.06%	42.07%	53.29%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	53.29%
Long-Term Debt to Total Capital	0.00%	34.03%	0.00%	31.40%	49.49%	37.06%	42.07%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	65.97%	100.00%	68.60%	50.51%	62.94%	57.93%	46.71%
Debt to EBITDA	0.00	-0.53	0.00	-1.44	-0.70	-1.14	-2.88	-2.09
Net Debt to EBITDA	0.00	0.88	0.00	2.68	0.70	1.65	4.77	1.96
Long-Term Debt to EBITDA	0.00	-0.53	0.00	-1.44	-0.70	-1.14	-2.88	0.00
Debt to NOPAT	0.00	-0.55	0.00	-1.36	-0.92	-1.55	-3.86	-2.85
Net Debt to NOPAT	0.00	0.92	0.00	2.53	0.93	2.24	6.39	2.68
Long-Term Debt to NOPAT	0.00	-0.55	0.00	-1.36	-0.92	-1.55	-3.86	0.00
Altman Z-Score	0.00	16.63	3.45	4.11	-2.49	-2.77	-2.96	-5.22
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-
Current Ratio	0.00	3.35	5.77	5.91	10.14	6.31	4.60	1.20
Quick Ratio	0.00	2.45	5.55	5.74	10.04	6.18	4.20	1.16
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-20	136	-501	-210	-108	35	-72
Operating Cash Flow to CapEx	-1,954.79%	-680.64%	-1,732.35%	-5,567.18%	-9,492.44%	-542.14%	-281.95%	-1,123.14%
Free Cash Flow to Firm to Interest Expense	0.00	-8.03	102.92	-409.98	-8.76	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	-7.74	-8.79	-42.44	-147.43	-7.49	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-8.13	-10.08	-44.89	-150.07	-7.56	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-
Asset Turnover	0.00	3.09	1.43	0.58	0.33	0.30	0.24	0.31
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	27.04	23.18	17.15	10.83
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	32.86	0.00	0.00	41.56	17.34	6.02	5.64
Accounts Payable Turnover	0.00	1.94	0.98	1.21	2.86	9.03	2.33	1.34
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	13.50	15.74	21.29	33.71
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	188.09	371.26	302.14	127.43	40.44	156.71	272.87
Cash Conversion Cycle (CCC)	0.00	-188.09	-371.26	-302.14	-113.94	-24.70	-135.43	-239.16
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	0.00	2.67	-206	89	4.67	33	-35	-7.87
Invested Capital Turnover	0.00	89.96	-2.25	-6.52	5.74	8.15	-78.50	-4.87
Increase / (Decrease) in Invested Capital	0.00	2.67	-209	295	-85	28	-68	27
Enterprise Value (EV)	0.00	584	1,462	2,516	-61	-45	-118	-55
Market Capitalization	600	600	1,725	3,036	213	134	90	65
Book Value per Share	$0.00	$0.07	$0.66	$1.49	$0.66	$9.81	$9.68	$7.40
Tangible Book Value per Share	$0.00	$0.07	$0.66	$1.09	$0.66	$9.81	$9.68	$7.40
Total Capital	0.00	28	57	888	551	334	299	239
Total Debt	0.00	9.63	0.00	279	273	124	126	128
Total Long-Term Debt	0.00	9.63	0.00	279	273	124	126	0.00
Net Debt	0.00	-16	-263	-520	-274	-179	-208	-120
Capital Expenditures (CapEx)	0.87	3.22	3.25	3.24	1.89	13	2.51	6.14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-1.02	-37	-70	-38	-37	-44	-31
Debt-free Net Working Capital (DFNWC)	0.00	25	226	490	452	265	237	163
Net Working Capital (NWC)	0.00	25	226	490	452	265	237	36
Net Nonoperating Expense (NNE)	9.90	6.23	77	-18	144	21	14	26
Net Nonoperating Obligations (NNO)	0.00	-16	-263	-520	-274	-178	-208	-120
Total Depreciation and Amortization (D&A)	1.69	2.85	2.17	12	25	5.07	3.38	3.32
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-0.85%	-16.09%	-18.50%	-13.94%	-24.46%	-47.03%	-29.82%
Debt-free Net Working Capital to Revenue	0.00%	20.53%	98.61%	128.91%	167.66%	174.14%	255.48%	156.33%
Net Working Capital to Revenue	0.00%	20.53%	98.61%	128.91%	167.66%	174.14%	255.48%	34.23%
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	($9.40)	$0.00	($4.85)	($2.62)	($4.51)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	19.23M	0.00	20.89M	17.85M	15.61M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	($13.80)	$0.00	($4.85)	($2.62)	($4.51)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	19.43M	0.00	20.89M	17.85M	15.61M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	20.49M	0.00	0.00	0.00	15.60M
Normalized Net Operating Profit after Tax (NOPAT)	-18	-17	-72	-206	-177	-78	-65	-50
Normalized NOPAT Margin	-35.22%	-14.50%	-31.54%	-54.10%	-65.74%	-51.07%	-69.73%	-47.84%
Pre Tax Income Margin	-54.71%	-19.69%	-65.04%	-54.47%	-162.85%	-66.49%	-50.31%	-67.28%
Debt Service Ratios	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-11.68	-8.45	-111.43	-168.45	-17.31	0.00	0.00	0.00
NOPAT to Interest Expense	-8.17	-6.96	-54.52	-168.31	-12.29	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-12.08	-9.74	-113.88	-171.10	-17.39	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-8.56	-8.25	-56.97	-170.95	-12.37	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	-0.90%	0.00%	0.00%	-12.83%	-41.35%	-13.15%

This table displays calculated financial ratios and metrics derived from Skillz's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	21,172,289.00	21,447,660.00	21,447,660.00	21,447,660.00	52,290,576.00	17,868,489.00	17,868,489.00	17,868,489.00	17,868,489.00	45,324,390.00	15,600,555.00
DEI Adjusted Shares Outstanding	21,172,289.00	21,447,660.00	21,447,660.00	21,447,660.00	52,290,576.00	17,868,489.00	17,868,489.00	17,868,489.00	17,868,489.00	45,324,390.00	15,600,555.00
DEI Earnings Per Adjusted Shares Outstanding	-1.58	-0.72	-1.25	1.21	-0.40	-1.40	-0.96	-1.00	-0.98	-0.40	-0.70
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-38.48%	-33.64%	-43.14%	-37.02%	-32.57%	-42.86%	-13.23%	-0.32%	11.44%	68.88%	32.92%
EBITDA Growth	58.79%	85.71%	14.82%	194.32%	31.98%	-21.55%	40.74%	-162.46%	26.20%	38.17%	52.26%
EBIT Growth	60.70%	85.53%	16.34%	185.69%	31.78%	-22.82%	40.17%	-164.46%	25.71%	35.22%	46.41%
NOPAT Growth	60.69%	85.25%	16.21%	220.51%	33.21%	-17.97%	42.42%	-143.84%	22.48%	33.19%	43.45%
Net Income Growth	59.69%	89.19%	24.92%	255.86%	37.05%	-61.15%	35.85%	-168.81%	17.40%	28.38%	36.15%
EPS Growth	60.95%	89.43%	14.71%	282.28%	23.57%	-89.19%	27.59%	-180.56%	5.00%	17.14%	34.29%
Operating Cash Flow Growth	15.36%	4.22%	70.09%	205.47%	40.39%	-58.87%	-148.66%	0.00%	-122.99%	34.89%	38.38%
Free Cash Flow Firm Growth	217.27%	-232.23%	-113.90%	-85.01%	-112.45%	219.67%	251.80%	6.21%	188.86%	-175.90%	-200.82%
Invested Capital Growth	-90.24%	598.82%	24.60%	9.29%	-7.22%	-207.25%	-474.84%	-272.99%	-177.96%	77.51%	76.36%
Revenue Q/Q Growth	-9.31%	-14.62%	-18.87%	0.24%	-2.89%	-27.65%	23.22%	15.15%	8.57%	9.63%	-3.02%
EBITDA Q/Q Growth	-6.81%	35.14%	-32.99%	202.38%	-177.04%	-15.89%	35.16%	-7.90%	8.98%	2.90%	49.94%
EBIT Q/Q Growth	-3.88%	35.70%	-33.33%	196.22%	-182.71%	-15.75%	35.05%	-3.67%	4.68%	-0.94%	46.28%
NOPAT Q/Q Growth	-3.90%	34.65%	-30.82%	235.68%	-157.58%	-15.43%	36.15%	-3.30%	-1.81%	0.50%	45.95%
Net Income Q/Q Growth	-100.75%	53.76%	-72.27%	197.46%	-181.07%	-18.39%	31.42%	-4.55%	2.68%	-2.64%	38.86%
EPS Q/Q Growth	-98.73%	52.87%	-95.95%	199.31%	-183.33%	-16.67%	25.00%	-10.48%	1.72%	-1.75%	40.52%
Operating Cash Flow Q/Q Growth	30.10%	33.40%	64.18%	732.44%	-139.50%	-77.52%	43.94%	0.00%	0.00%	48.16%	46.94%
Free Cash Flow Firm Q/Q Growth	-32.48%	-138.57%	51.45%	218.53%	-156.08%	470.82%	-38.42%	-17.07%	-53.08%	-416.73%	18.19%
Invested Capital Q/Q Growth	14.72%	128.97%	-72.87%	53.37%	-2.61%	-364.68%	5.19%	29.22%	56.11%	23.65%	0.33%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	89.86%	88.90%	86.32%	86.77%	86.27%	81.80%	86.46%	87.23%	87.74%	88.30%	87.64%
EBITDA Margin	-82.73%	-62.84%	-103.00%	105.20%	-83.46%	-133.68%	-70.34%	-65.92%	-55.26%	-48.95%	-25.27%
Operating Margin	-86.29%	-66.04%	-106.48%	101.17%	-85.46%	-136.36%	-70.66%	-63.39%	-59.44%	-53.95%	-30.06%
EBIT Margin	-85.81%	-64.62%	-106.19%	101.93%	-86.81%	-138.90%	-73.22%	-65.92%	-57.87%	-53.28%	-29.52%
Profit (Net Income) Margin	-92.09%	-49.87%	-105.90%	102.97%	-85.96%	-140.66%	-78.28%	-71.08%	-63.72%	-59.65%	-37.61%
Tax Burden Percent	100.03%	100.30%	100.14%	99.72%	100.15%	99.69%	100.23%	99.89%	100.23%	100.27%	100.68%
Interest Burden Percent	107.29%	76.95%	99.58%	101.30%	98.87%	101.58%	106.68%	107.95%	109.85%	111.65%	126.54%
Effective Tax Rate	0.00%	0.00%	0.00%	0.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-126.50%	-376.90%	-1,241.81%	916.18%	-462.41%	0.00%	0.00%	0.00%	-2,634.73%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-121.88%	-376.40%	-1,238.08%	915.94%	-459.20%	0.00%	0.00%	0.00%	-2,630.99%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	92.28%	347.68%	1,193.17%	-864.47%	429.66%	0.00%	0.00%	0.00%	2,607.52%	0.00%	0.00%
Return on Equity (ROE)	-34.22%	-29.22%	-48.64%	51.71%	-32.75%	-24.40%	-21.74%	-45.66%	-27.21%	-49.43%	-49.58%
Cash Return on Invested Capital (CROIC)	-39.06%	-578.85%	-979.00%	-295.59%	-210.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-23.99%	-19.32%	-28.39%	28.31%	-22.53%	-33.50%	-17.66%	-16.13%	-15.27%	-16.68%	-10.19%
Return on Assets (ROA)	-25.75%	-14.91%	-28.31%	28.59%	-22.31%	-33.92%	-18.89%	-17.39%	-16.81%	-18.67%	-12.98%
Return on Common Equity (ROCE)	-34.22%	-29.22%	-48.64%	51.71%	-32.75%	-24.40%	-21.74%	-45.66%	-27.21%	-49.43%	-49.58%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-22	-14	-19	26	-15	-17	-11	-11	-11	-11	-6.13
NOPAT Margin	-60.40%	-46.23%	-74.54%	100.89%	-59.82%	-95.45%	-49.46%	-44.37%	-41.61%	-37.76%	-21.04%
Net Nonoperating Expense Percent (NNEP)	-4.62%	-0.50%	-3.73%	0.24%	-3.21%	-4.16%	-3.44%	-3.68%	-3.74%	-4.01%	-3.21%
Return On Investment Capital (ROIC_SIMPLE)	-6.26%	-4.30%	-6.07%	7.51%	-4.53%	-5.68%	-3.83%	-4.19%	-4.48%	-4.73%	-2.66%
Cost of Revenue to Revenue	10.14%	11.11%	13.68%	13.23%	13.73%	18.20%	13.54%	12.77%	12.26%	11.70%	12.36%
SG&A Expenses to Revenue	66.95%	58.26%	91.29%	68.14%	73.88%	115.00%	87.15%	66.26%	63.85%	59.48%	66.70%
R&D to Revenue	21.56%	10.90%	18.32%	16.89%	19.30%	17.49%	22.00%	19.20%	19.89%	18.39%	17.40%
Operating Expenses to Revenue	176.15%	154.93%	192.81%	-14.40%	171.73%	218.15%	157.12%	150.62%	147.19%	142.25%	117.70%
Earnings before Interest and Taxes (EBIT)	-31	-20	-27	26	-21	-25	-16	-17	-16	-16	-8.59
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-30	-20	-26	27	-21	-24	-15	-17	-15	-15	-7.35
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.47	0.64	0.75	0.72	0.49	0.52	0.51	0.87	1.12	0.58	0.40
Price to Tangible Book Value (P/TBV)	0.47	0.64	0.75	0.72	0.49	0.52	0.51	0.87	1.12	0.58	0.40
Price to Revenue (P/Rev)	0.64	0.88	1.05	1.30	0.92	0.97	0.90	1.36	1.55	0.62	0.36
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.06	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.54	0.59	0.67	0.58	0.63	0.73	0.80	0.90	1.00	1.14	1.25
Long-Term Debt to Equity	0.54	0.59	0.67	0.58	0.63	0.73	0.80	0.90	1.00	0.00	0.00
Financial Leverage	-0.76	-0.92	-0.96	-0.94	-0.94	-1.01	-1.07	-1.03	-0.99	-1.15	-1.16
Leverage Ratio	1.82	2.08	2.26	1.84	1.92	2.01	2.17	2.06	2.14	2.34	2.50
Compound Leverage Factor	1.95	1.60	2.25	1.86	1.89	2.04	2.31	2.22	2.35	2.62	3.16
Debt to Total Capital	35.17%	37.06%	40.12%	36.70%	38.56%	42.07%	44.58%	47.42%	49.98%	53.29%	55.62%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	53.29%	55.62%
Long-Term Debt to Total Capital	35.17%	37.06%	40.12%	36.70%	38.56%	42.07%	44.58%	47.42%	49.98%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	64.83%	62.94%	59.88%	63.30%	61.44%	57.93%	55.42%	52.58%	50.02%	46.71%	44.38%
Debt to EBITDA	-0.55	-1.14	-1.20	-2.54	-3.18	-2.88	-3.82	-1.67	-1.81	-2.09	-2.41
Net Debt to EBITDA	0.95	1.65	1.70	4.11	4.72	4.77	5.75	2.17	1.96	1.96	2.07
Long-Term Debt to EBITDA	-0.55	-1.14	-1.20	-2.54	-3.18	-2.88	-3.82	-1.67	-1.81	0.00	0.00
Debt to NOPAT	-0.76	-1.55	-1.63	-3.35	-4.18	-3.86	-5.13	-2.36	-2.52	-2.85	-3.20
Net Debt to NOPAT	1.31	2.24	2.31	5.41	6.21	6.39	7.73	3.05	2.73	2.68	2.75
Long-Term Debt to NOPAT	-0.76	-1.55	-1.63	-3.35	-4.18	-3.86	-5.13	-2.36	-2.52	0.00	0.00
Altman Z-Score	-1.86	-1.99	-2.34	-1.55	-2.36	-2.76	-2.97	-3.30	-3.57	-4.67	-4.85
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	5.41	6.31	5.07	6.38	5.80	4.60	4.24	4.17	4.32	1.20	1.13
Quick Ratio	5.31	6.18	4.81	6.11	5.52	4.20	3.88	3.90	4.19	1.16	1.09
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	110	-42	-21	24	-14	51	31	26	12	-38	-31
Operating Cash Flow to CapEx	-4,014.38%	-1,062.51%	-853.59%	6,830.96%	-2,780.51%	-1,635.65%	-632.95%	0.00%	-1,891.20%	-897.81%	-698.03%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.28	0.30	0.27	0.28	0.26	0.24	0.24	0.24	0.26	0.31	0.35
Accounts Receivable Turnover	18.38	23.18	18.16	17.01	14.61	17.15	13.54	13.55	9.44	10.83	9.24
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	15.94	17.34	9.23	8.42	7.40	6.02	5.54	5.31	5.25	5.64	5.80
Accounts Payable Turnover	4.62	9.03	1.78	2.65	2.46	2.33	1.24	1.71	1.53	1.34	1.52
Days Sales Outstanding (DSO)	19.86	15.74	20.10	21.46	24.98	21.29	26.95	26.93	38.65	33.71	39.52
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	79.03	40.44	205.62	137.99	148.17	156.71	293.22	213.46	237.97	272.87	240.03
Cash Conversion Cycle (CCC)	-59.17	-24.70	-185.52	-116.53	-123.19	-135.43	-266.27	-186.52	-199.33	-239.16	-200.51
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	14	33	8.85	14	13	-35	-33	-23	-10	-7.87	-7.85
Invested Capital Turnover	2.09	8.15	16.66	9.08	7.73	-78.50	-7.36	-18.05	63.32	-4.87	-5.44
Increase / (Decrease) in Invested Capital	-132	28	1.75	1.15	-1.03	-68	-42	-37	-24	27	25
Enterprise Value (EV)	-106	-45	-38	-48	-88	-118	-110	-42	5.46	-55	-70
Market Capitalization	108	134	139	154	98	90	80	122	143	65	40
Book Value per Share	$10.76	$9.81	$8.65	$10.04	$11.44	$9.68	$8.78	$7.85	$7.12	$7.40	$6.77
Tangible Book Value per Share	$10.76	$9.81	$8.65	$10.04	$11.44	$9.68	$8.78	$7.85	$7.12	$7.40	$6.77
Total Capital	351	334	310	340	325	299	283	267	254	239	230
Total Debt	124	124	124	125	125	126	126	127	127	128	128
Total Long-Term Debt	124	124	124	125	125	126	126	127	127	0.00	0.00
Net Debt	-213	-179	-177	-202	-186	-208	-190	-164	-137	-120	-110
Capital Expenditures (CapEx)	0.46	1.16	0.52	0.41	0.40	1.19	1.73	0.00	1.30	1.41	0.97
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-49	-37	-50	-44	-45	-44	-44	-44	-33	-31	-33
Debt-free Net Working Capital (DFNWC)	286	265	250	282	266	237	220	193	179	163	153
Net Working Capital (NWC)	286	265	250	282	266	237	220	193	179	36	25
Net Nonoperating Expense (NNE)	12	1.13	7.91	-0.52	6.42	8.03	6.31	6.73	6.05	6.57	4.82
Net Nonoperating Obligations (NNO)	-213	-178	-177	-202	-186	-208	-190	-164	-137	-120	-110
Total Depreciation and Amortization (D&A)	1.12	0.55	0.81	0.83	0.83	0.93	0.63	0.00	0.71	1.30	1.24
Debt-free, Cash-free Net Working Capital to Revenue	-29.35%	-24.46%	-37.97%	-37.34%	-42.52%	-47.03%	-48.70%	-49.64%	-35.37%	-29.82%	-29.11%
Debt-free Net Working Capital to Revenue	170.21%	174.14%	188.17%	239.14%	250.75%	255.48%	245.45%	216.05%	194.21%	156.33%	136.87%
Net Working Capital to Revenue	170.21%	174.14%	188.17%	239.14%	250.75%	255.48%	245.45%	216.05%	194.21%	34.23%	22.18%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.57)	($0.74)	($1.45)	$1.47	($1.20)	($1.40)	($1.05)	($1.16)	($1.14)	($1.16)	($0.69)
Adjusted Weighted Average Basic Shares Outstanding	21.31M	20.89M	18.46M	17.78M	17.53M	17.85M	16.29M	15.49M	15.31M	15.61M	15.83M
Adjusted Diluted Earnings per Share	($1.57)	($0.74)	($1.45)	$1.44	($1.20)	($1.40)	($1.05)	($1.16)	($1.14)	($1.16)	($0.69)
Adjusted Weighted Average Diluted Shares Outstanding	21.31M	20.89M	18.46M	18.08M	17.53M	17.85M	16.29M	15.49M	15.31M	15.61M	15.83M
Adjusted Basic & Diluted Earnings per Share	$0.00	($0.74)	$0.00	$0.00	$0.00	($1.40)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	21.45M	0.00	0.00	17.43M	17.87M	0.00	0.00	0.00	15.11M	15.60M	15.61M
Normalized Net Operating Profit after Tax (NOPAT)	-22	-14	-19	-20	-15	-17	-16	-11	-11	-11	-11
Normalized NOPAT Margin	-60.40%	-46.23%	-74.54%	-80.45%	-59.82%	-95.45%	-73.44%	-44.37%	-41.61%	-37.76%	-39.08%
Pre Tax Income Margin	-92.06%	-49.72%	-105.75%	103.25%	-85.83%	-141.10%	-78.11%	-71.15%	-63.57%	-59.49%	-37.35%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-12.83%	-21.58%	-47.79%	-64.08%	-41.35%	-46.02%	-20.06%	-20.86%	-13.15%	-7.05%

Financials Breakdown Chart

Skillz Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Skillz's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Skillz's net income appears to be on an upward trend, with a most recent value of -$70.41 million in 2025, rising from -$27.78 million in 2018. The previous period was -$46.79 million in 2024. Find out what analysts predict for Skillz in the coming months.

Skillz's total operating income in 2025 was -$63.92 million, based on the following breakdown:

Total Gross Profit: $91.45 million
Total Operating Expenses: $155.36 million

Over the last 7 years, Skillz's total revenue changed from $50.78 million in 2018 to $104.50 million in 2025, a change of 105.8%.

Skillz's total liabilities were at $181.64 million at the end of 2025, a 9.7% decrease from 2024, and a 799.6% increase since 2019.

In the past 6 years, Skillz's cash and equivalents has ranged from $25.63 million in 2019 to $362.52 million in 2022, and is currently $194.51 million as of their latest financial filing in 2025.

Over the last 7 years, Skillz's book value per share changed from 0.00 in 2018 to 7.40 in 2025, a change of 740.1%.

Related Companies

Financial statements for NYSE:SKLZ last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Unlock superior investment research and tools.

Get MarketBeat All Access

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Skillz (SKLZ) Financials

Financials Breakdown Chart

Skillz Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Skillz (SKLZ) Financials

Annual Income Statements for Skillz

Quarterly Income Statements for Skillz

Annual Cash Flow Statements for Skillz

Quarterly Cash Flow Statements for Skillz

Annual Balance Sheets for Skillz

Quarterly Balance Sheets for Skillz

Annual Metrics And Ratios for Skillz

Quarterly Metrics And Ratios for Skillz

Financials Breakdown Chart

Skillz Financials - Frequently Asked Questions

When does Skillz's financial year end?

How has Skillz's net income changed over the last 7 years?

What is Skillz's operating income?

How has Skillz's revenue changed over the last 7 years?

How much debt does Skillz have?

How much cash does Skillz have?

How has Skillz's book value per share changed over the last 7 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools