Revenue: As of FY2026 Q1, the actual value is USD 29.11 M.EPS: As of FY2026 Q1, the actual value is USD -0.69.EBIT: As of FY2026 Q1, the actual value is USD -6.47 M.<h4>Gross Profit</h4>Gross profit was $25.5 million for the first quarter ended March 31, 2026.<h4>Net Loss</h4>Net loss was -$10.9 million for Q1 2026, improving from -$17.142 million in Q1 2025. Net loss in thousands was -$10,945 for Q1 2026, compared to -$17,142 for Q1 2025.<h4>Adjusted EBITDA Loss</h4>Adjusted EBITDA loss was -$12.8 million for Q1 2026, an improvement from -$17.256 million in Q1 2025. Excluding litigation-related expenses, adjusted EBITDA improved 15% quarter-over-quarter on a normalized basis.<h4>Operating Expenses</h4>Total operating expenses (excluding cost of revenue) were $41.8 million for Q1 2026. Cost of revenue was $3,597 thousand for Q1 2026, up from $2,965 thousand in Q1 2025. Research and development expenses were $5,063 thousand for Q1 2026, compared to $4,817 thousand in Q1 2025. Sales and marketing expenses were $17,283 thousand for Q1 2026, down from $18,005 thousand in Q1 2025. General and administrative expenses were $19,412 thousand for Q1 2026, compared to $19,083 thousand in Q1 2025. Total costs and expenses were $37,855 thousand for Q1 2026, compared to $37,370 thousand in Q1 2025.<h4>Loss from Operations</h4>Loss from operations was -$8,750 thousand for Q1 2026, an improvement from -$15,473 thousand in Q1 2025.<h4>Other Financial Metrics</h4>Interest expense, net of interest income, was -$2,280 thousand for Q1 2026, compared to -$1,071 thousand in Q1 2025. Other income (expense), net, was $159 thousand for Q1 2026, compared to -$559 thousand in Q1 2025. Loss before income taxes was -$10,871 thousand for Q1 2026, compared to -$17,103 thousand in Q1 2025. Provision for income taxes was $74 thousand for Q1 2026, compared to $39 thousand in Q1 2025. Gain from litigation settlement was -$7,500 thousand for both Q1 2026 and Q1 2025. Total comprehensive loss was -$11,871 thousand for Q1 2026, compared to -$17,142 thousand for Q1 2025.<h4>Balance Sheet Highlights</h4>Cash and cash equivalents were $185,401 thousand as of March 31, 2026, down from $194,513 thousand as of December 31, 2025. Total assets were $287,348 thousand as of March 31, 2026, compared to $293,455 thousand as of December 31, 2025. Total liabilities were $185,135 thousand as of March 31, 2026, compared to $181,635 thousand as of December 31, 2025. Total stockholders’ equity was $102,213 thousand as of March 31, 2026, compared to $111,820 thousand as of December 31, 2025.<h4>Cash Flow</h4>Net cash used in operating activities was -$6,736 thousand for Q1 2026, an improvement from -$10,931 thousand in Q1 2025. Net cash used in investing activities was -$965 thousand for Q1 2026, compared to -$1,727 thousand in Q1 2025. Net cash used in financing activities was -$485 thousand for Q1 2026, compared to -$4,924 thousand in Q1 2025. Cash, cash equivalents and restricted cash at the end of the period was $186,401 thousand for Q1 2026, compared to $264,341 thousand for Q1 2025. Cash paid for interest was $0 thousand for Q1 2026, compared to $11 thousand for Q1 2025. Cash paid for taxes, net of refunds received, was $11 thousand for Q1 2026, compared to $34 thousand for Q1 2025.<h4>Operational Metrics</h4>Paying monthly active users (PMAUs) were 128 thousand for Q1 2026, an increase from 124 thousand in Q1 2025. Average revenue per PMAU (ARPPU) was $76.0 for Q1 2026, up from $59.1 in Q1 2025. Gross marketplace volume (GMV) was $142,088 thousand for Q1 2026, compared to $126,485 thousand in Q1 2025. Monthly active users (MAUs) were 393 thousand for Q1 2026, down from 764 thousand in Q1 2025. Average GMV per PMAU was $371.2 for Q1 2026, compared to $341.3 in Q1 2025. Average GMV per MAU was $120.7 for Q1 2026, compared to $55.2 in Q1 2025. Average revenue per MAU (ARPU) was $24.7 for Q1 2026, compared to $9.6 in Q1 2025. The PMAU to MAU ratio was 33% for Q1 2026, up from 16% in Q1 2025. Average end-user incentives per PMAU were $21 for Q1 2026, compared to $22 in Q1 2025. Average end-user incentives per MAU were $7 for Q1 2026, compared to $4 in Q1 2025.<h4>Outlook / Guidance</h4>Skillz Inc. is evaluating strategic alternatives to optimize its capital structure as it progresses toward sustained profitability. The company anticipates a court ruling in June on a potential award ranging from $420 million to over $1.2 billion, following a federal jury finding against Papaya Gaming for false advertising. Skillz Inc. plans to update shareholders once more information regarding the final award becomes available.

Skillz | 8-K: FY2026 Q1 Revenue: USD 29.11 M