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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments352,098504,108489,784464,978470,468484,124
Cash and cash equivalents324,779415,329362,516239,852169,989114,558
Short-term investments27,31988,779127,268225,126300,479369,566
Receivables9,6589,5447,1779,00110,63013,230
Prepaid expense3,8965,5372,2345,3508,79810,427
Other current assets1,1421,3831,4881,2041,3501,090
Other undisclosed current assets1,0001,0001,00011,91311,26610,450
Total current assets:367,794521,572501,683492,446502,512519,321
Noncurrent Assets
Operating lease, right-of-use asset 16432147213,36613,31413,977
Long-term investments and receivables6,09716,79056,72893,256119,145169,725
Long-term investments6,09716,79056,72893,256119,145169,725
Intangible assets, net (including goodwill)    106,725157,431161,502
Goodwill    86,43686,43686,436
Intangible assets, net (excluding goodwill)    20,28970,99575,066
Restricted cash and investments3,176     
Other noncurrent assets1,0723,8493,7723,7253,7563,733
Other undisclosed noncurrent assets69,08669,63058,64062,89662,74564,278
Total noncurrent assets:79,59590,590119,612279,968356,391413,215
TOTAL ASSETS:447,389612,162621,295772,414858,903932,536
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,1954,6821,6964,8981,69513,305
Accounts payable4,1954,6821,6964,8981,69513,305
Other liabilities58,33964,57945,66645,89054,83857,607
Other undisclosed current liabilities1,7862,0182,1332,4341,8462,005
Total current liabilities:64,32071,27949,49553,22258,37972,917
Noncurrent Liabilities
Long-term debt and lease obligation123,148273,617272,781284,316293,649292,912
Long-term debt, excluding current maturities123,148273,617272,781271,968280,905279,713
Liabilities, other than long-term debt12,31212,59020,3291,6871,18013,238
Other liabilities1,1381,0788,3871,6871,18013,238
Operating lease, liability11,17411,51211,94212,34812,74413,199
Other undisclosed noncurrent liabilities1382902898888081,831
Total noncurrent liabilities:135,598286,497293,399286,891295,637307,981
Total liabilities:199,918357,776342,894340,113354,016380,898
Equity
Equity, attributable to parent247,471254,386278,401432,301504,887551,638
Common stock414141414140
Additional paid in capital1,178,2901,163,6121,153,0311,141,9551,136,1331,121,697
Accumulated other comprehensive loss(172)(566)(1,563)(2,732)(2,871)(2,294)
Accumulated deficit(930,688)(908,701)(873,108)(706,963)(628,416)(567,805)
Total equity:247,471254,386278,401432,301504,887551,638
TOTAL LIABILITIES AND EQUITY:447,389612,162621,295772,414858,903932,536

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues40,16644,38342,68160,25573,33593,438
Cost of revenue(3,650)(4,582)(4,878)(7,555)(9,020)(9,265)
Gross profit:36,51639,80137,80352,70064,31584,173
Operating expenses(72,149)(71,869)(185,157)(127,988)(118,426)(228,777)
Operating loss:(35,633)(32,068)(147,354)(75,288)(54,111)(144,604)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
1139(274)508(82)(27)
Interest and debt expense13,493(3,494)(4,432)(3,807)(7,596)(8,157)
Loss from continuing operations before equity method investments, income taxes:(22,129)(35,523)(152,060)(78,587)(61,789)(152,788)
Other undisclosed income (loss) from continuing operations before income taxes152(1)599(80)1,0234,462
Loss from continuing operations before income taxes:(21,977)(35,524)(151,461)(78,667)(60,766)(148,326)
Income tax expense (benefit)(10)(69)(143)120155213
Loss from continuing operations:(21,987)(35,593)(151,604)(78,547)(60,611)(148,113)
Loss before gain (loss) on sale of properties:(78,547)(60,611)(148,113)
Net loss available to common stockholders, diluted:(21,987)(35,593)(151,604)(78,547)(60,611)(148,113)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net loss:(21,987)(35,593)(151,604)(78,547)(60,611)(148,113)
Comprehensive loss:(21,987)(35,593)(151,604)(78,547)(60,611)(148,113)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3949971,169139(577)(2,046)
Comprehensive loss, net of tax, attributable to parent:(21,593)(34,596)(150,435)(78,408)(61,188)(150,159)

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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