Skillz Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019 - 2018
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019 - 2018
Revenue	95.47	152.08	269.71	380.15	229.05	Upgrade
Revenue Growth (YoY)	-37.23%	-43.61%	-29.05%	65.97%	91.08%	Upgrade
Cost of Revenue	13.41	15.38	30.72	25.24	12.28	Upgrade
Gross Profit	82.06	136.7	238.99	354.91	216.77	Upgrade
Selling, General & Admin	159.22	215.99	439.23	582.95	296.73	Upgrade
Research & Development	17.2	28.15	52.27	46.23	23.23	Upgrade
Operating Expenses	176.41	244.13	491.49	629.19	319.96	Upgrade
Operating Income	-94.35	-107.43	-252.5	-274.27	-103.19	Upgrade
Interest Expense	-	-21.48	-40.65	-1.22	-1.33	Upgrade
Interest & Investment Income	0.3	18.63	14.1	-	-	Upgrade
Other Non Operating Income (Expenses)	-0.12	0.82	6.13	87.97	-44.45	Upgrade
EBT Excluding Unusual Items	-94.17	-109.47	-272.92	-187.53	-148.96	Upgrade
Merger & Restructuring Charges	-	-	-	-7.98	-	Upgrade
Impairment of Goodwill	-	-3.34	-85.5	-	-	Upgrade
Asset Writedown	-	-	-82.55	-	-	Upgrade
Legal Settlements	46	-3.52	-	-11.56	-	Upgrade
Other Unusual Items	-	15.21	1.75	-	-	Upgrade
Pretax Income	-48.17	-101.12	-439.22	-207.07	-148.96	Upgrade
Income Tax Expense	0.06	0.24	-0.35	-19.14	0.12	Upgrade
Net Income	-48.23	-101.36	-438.88	-187.93	-149.08	Upgrade
Net Income to Common	-48.23	-101.36	-438.88	-187.93	-149.08	Upgrade
Shares Outstanding (Basic)	18	21	20	19	15	Upgrade
Shares Outstanding (Diluted)	18	21	20	19	15	Upgrade
Shares Change (YoY)	-14.59%	1.93%	5.51%	31.91%	12.76%	Upgrade
EPS (Basic)	-2.70	-4.85	-21.41	-9.77	-10.12	Upgrade
EPS (Diluted)	-2.70	-4.85	-21.41	-14.20	-10.20	Upgrade
Free Cash Flow	-9.95	-84.99	-181.49	-183.39	-59.48	Upgrade
Free Cash Flow Per Share	-0.56	-4.07	-8.85	-9.44	-4.04	Upgrade
Gross Margin	85.96%	89.89%	88.61%	93.36%	94.64%	Upgrade
Operating Margin	-98.83%	-70.64%	-93.62%	-72.15%	-45.05%	Upgrade
Profit Margin	-50.52%	-66.65%	-162.72%	-49.43%	-65.09%	Upgrade
Free Cash Flow Margin	-10.42%	-55.89%	-67.29%	-48.24%	-25.97%	Upgrade
EBITDA	-92.79	-105.47	-234.63	-266.07	-101.58	Upgrade
EBITDA Margin	-97.19%	-69.35%	-86.99%	-69.99%	-44.35%	Upgrade
D&A For EBITDA	1.57	1.96	17.87	8.21	1.61	Upgrade
EBIT	-94.35	-107.43	-252.5	-274.27	-103.19	Upgrade
EBIT Margin	-98.83%	-70.64%	-93.62%	-72.15%	-45.05%	Upgrade
Advertising Expenses	-	30.7	118.8	241.9	136.8	Upgrade

Updated Mar 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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