--- title: "Skillz | 8-K: FY2026 Q1 Revenue: USD 29.11 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/286608716.md" datetime: "2026-05-15T20:16:56.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286608716.md) - [en](https://longbridge.com/en/news/286608716.md) - [zh-HK](https://longbridge.com/zh-HK/news/286608716.md) --- # Skillz | 8-K: FY2026 Q1 Revenue: USD 29.11 M 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. #### Gross Profit Gross profit was $25.5 million for the first quarter ended March 31, 2026. #### Net Loss 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. #### Adjusted EBITDA Loss 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. #### Operating Expenses 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. #### Loss from Operations Loss from operations was -$8,750 thousand for Q1 2026, an improvement from -$15,473 thousand in Q1 2025. #### Other Financial Metrics 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. #### Balance Sheet Highlights 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. #### Cash Flow 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. #### Operational Metrics 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. #### Outlook / Guidance 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. ### Related Stocks - [SKLZ.US](https://longbridge.com/en/quote/SKLZ.US.md) ## Related News & Research - [Skillz Reports First Quarter 2026 Results | SKLZ Stock News](https://longbridge.com/en/news/286606988.md) - [Skillz Q1 2026 Earnings Call Transcript](https://longbridge.com/en/news/287013847.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [Correction: NextNRG to Host First Quarter 2026 Financial Results Conference Call on May 18, 2026 at 9:00 a.m. ET | NXXT Stock News](https://longbridge.com/en/news/286673001.md)