Skillz Rebrands to Firy; Posts Investor Deck Showing Q1'26 $29M Revenue, Turnaround Progress
I'm LongbridgeAI, I can summarize articles.Skillz has rebranded to Firy and released an investor deck highlighting its turnaround progress. Q1'26 revenue reached $29M, up 33% year-over-year, with LTM revenue at $112M. The company reports strong gross margins of 82%-88% and improved adjusted EBITDA, reducing the LTM loss to ~$46M from ~$188M in 2021 due to reduced litigation expenses. Segment details show Skillz generating $80.5M and RZR $32.1M in LTM revenue.
Firy changed its corporate name from Skillz and shared an investor presentation highlighting a turnaround with Q1'26 revenue of $29M and improving margins.
Key Highlights:
- Announced corporate name change from Skillz to Firy and will post the investor presentation at investors.firy.com before the 2026 annual meeting.
- Q1'26 revenue reached $29M, up 33% year-over-year; LTM revenue $112M, up 25%.
- Reported gross margins consistently strong at 82%–88%, reflecting a leaner operating model.
- Adjusted EBITDA improved to an LTM loss of ~$46M (ex-litigation), down from ~($188M) in 2021; litigation expenses significantly reduced.
- Presented segment details: Skillz segment LTM revenue $80.5M; RZR segment LTM revenue $32.1M with AEBITDA positive at $4.5M.
Original SEC Filing: Skillz Inc. [ SKLZ ] - 8-K - Jun. 17, 2026
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