Skillz Inc.SKLZEarnings & Financial Report
Skillz is an online mobile multiplayer video game competition platform that is integrated into a number of iOS and Android games. The Skillz platform helps developers create franchises by enabling social competition in their games. Skillz has over 14,000 game developers who launched a game integration on the platform. Skillz hosts billions of casual esports tournaments for millions of mobile players worldwide.
Revenue
$27.4M
Gross Profit
$24.0M
Operating Profit
$-16.3M
Net Profit
$-17.4M
Gross Margin
87.7%
Operating Margin
-59.4%
Net Margin
-63.7%
YoY Growth
11.4%
EPS
$-1.14
Skillz Inc. Q3 FY2025 Financial Summary
Skillz Inc. reported revenue of $27.4M (up 11.4% YoY) for Q3 FY2025, with a net profit of $-17.4M (up 17.4% YoY) (-63.7% margin). Cost of goods sold was $3.4M, operating expenses totaled $40.3M.
Key Financial Metrics
| Total Revenue | $27.4M |
|---|---|
| Net Profit | $-17.4M |
| Gross Margin | 87.7% |
| Operating Margin | -59.4% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
Skillz Inc. Q3 FY2025 revenue of $27.4M breaks down across 2 segments, led by Entry Fee at $20.2M (73.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Entry Fee | $20.2M | 73.8% |
| Advertising | $6.9M | 25.3% |
Skillz Inc. Revenue by Segment — Quarterly Trend
Skillz Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Entry Fee and Advertising) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Entry Fee | — | $20.2M | $19.1M | — |
| Advertising | $9.5M | $6.9M | $5.9M | $4.4M |
Skillz Inc. Annual Revenue by Year
Skillz Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $104.5M).
| Year | Annual Revenue |
|---|---|
| 2025 | $104.5M |
| 2024 | $92.9M |
| 2023 | $152.1M |
| 2022 | $269.7M |
Skillz Inc. Quarterly Revenue & Net Profit History
Skillz Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $30.0M | +68.9% | $-17.9M | -59.7% |
| Q3 FY2025 | $27.4M | +11.4% | $-17.4M | -63.7% |
| Q2 FY2025 | $25.2M | -0.3% | $-17.9M | -71.1% |
| Q1 FY2025 | $21.9M | -13.2% | $-17.1M | -78.3% |
| Q4 FY2024 | $17.8M | -42.9% | $-25.0M | -140.7% |
| Q3 FY2024 | $24.6M | -32.6% | $-21.1M | -86.0% |
| Q2 FY2024 | $25.3M | -37.0% | $26.0M | 103.0% |
| Q1 FY2024 | $25.2M | -43.1% | $-26.7M | -105.9% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $25.2M | $25.3M | $24.6M | $17.8M | $21.9M | $25.2M | $27.4M | $30.0M |
| YoY Growth | -43.1% | -37.0% | -32.6% | -42.9% | -13.2% | -0.3% | 11.4% | 68.9% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $382.4M | $402.9M | $390.2M | $374.3M | $359.9M | $328.2M | $309.2M | $293.5M |
| Liabilities | $196.8M | $187.6M | $190.7M | $201.2M | $203.1M | $187.9M | $182.1M | $181.6M |
| Equity | $185.6M | $215.2M | $199.5M | $173.0M | $156.8M | $140.3M | $127.2M | $111.8M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-4.4M | $27.8M | $-11.0M | $-19.5M | $-10.9M | $-20.8M | $-24.5M | $-12.7M |