Skillz Inc. (SKLZ) Financial Statements (2024 and earlier)

Company Profile

Business Address 6625 BADURA AVENUE
LAS VEGAS, NV 89118
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments489,784560,387262,728
Cash and cash equivalents362,516241,332262,728
Short-term investments127,268319,055 
Receivables7,17713,497 
Prepaid expense2,2345,6813,772
Other current assets1,4881,496865
Other undisclosed current assets1,0009,5275,854
Total current assets:501,683590,588273,219
Noncurrent Assets
Operating lease, right-of-use asset 47214,511 
Property, plant and equipment   5,292
Long-term investments and receivables56,728182,629 
Long-term investments56,728182,629 
Intangible assets, net (including goodwill)  165,982 
Goodwill  86,845 
Intangible assets, net (excluding goodwill)  79,137 
Restricted cash and investments   
Other noncurrent assets3,7723,4783,910
Other undisclosed noncurrent assets58,64065,637 
Total noncurrent assets:119,612432,2379,202
TOTAL ASSETS:621,2951,022,825282,421
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,69620,00327,738
Accounts payable1,69619,75322,039
Accrued liabilities  2505,699
Other liabilities45,66664,71919,618
Other undisclosed current liabilities2,1332,110 
Total current liabilities:49,49586,83247,356
Noncurrent Liabilities
Long-term debt and lease obligation272,781293,601 
Long-term debt, excluding current maturities272,781278,889 
Finance lease, liability  1,145 
Liabilities, other than long-term debt20,32913,54446
Other liabilities8,38713,54446
Operating lease, liability11,94213,567 
Other undisclosed noncurrent liabilities2895,148178,232
Total noncurrent liabilities:293,399312,293178,278
Total liabilities:342,894399,125225,634
Equity
Equity, attributable to parent278,401623,70056,787
Common stock414037
Additional paid in capital1,153,0311,043,600295,065
Accumulated other comprehensive loss(1,563)(248) 
Accumulated deficit(873,108)(419,692)(238,315)
Total equity:278,401623,70056,787
TOTAL LIABILITIES AND EQUITY:621,2951,022,825282,421

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Revenues269,709384,089230,115
Cost of revenue(30,718)(24,711)(12,281)
Gross profit:238,991359,378217,834
Operating expenses(660,348)(646,500)(317,455)
Operating loss:(421,357)(287,122)(99,621)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
12549(21,400)
Interest and debt expense(23,992)(1,222)(1,325)
Loss from continuing operations before equity method investments, income taxes:(445,224)(288,295)(122,346)
Other undisclosed income (loss) from continuing operations before income taxes6,00487,922(23,049)
Loss from continuing operations before income taxes:(439,220)(200,373)(145,395)
Income tax expense (benefit)34518,996(115)
Loss from continuing operations:(438,875)(181,377)(145,510)
Loss before gain (loss) on sale of properties:(181,377)(145,510)
Net loss available to common stockholders, basic:(438,875)(181,377)(145,510)
Other undisclosed net loss available to common stockholders, diluted  (87,922) 
Net loss available to common stockholders, diluted:(438,875)(269,299)(145,510)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Net loss:(438,875)(181,377)(145,510)
Comprehensive loss:(438,875)(181,377)(145,510)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,315)(248) 
Comprehensive loss, net of tax, attributable to parent:(440,190)(181,625)(145,510)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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