SKLZ · Firy Inc.

Skillz Inc. reported financial results for the fourth quarter and full year ended December 31, 2025, showing mixed performance with revenue growth but continued losses. Fourth quarter revenue of $30.0 million represented significant growth from $17.8 million in the same quarter last year, while the quarterly net loss improved to $17.9 million from $25.0 million. For the full year, revenue increased to $104.5 million from $92.9 million in 2024, though the net loss widened to $70.4 million from $46.8 million. Management highlighted four consecutive quarters of sequential revenue growth and a return to year-over-year growth in the second half of 2025. CEO Andrew Paradise noted progress on strategic priorities, specifically mentioning that the AI ad-tech segment RZR delivered significant growth and achieved positive Adjusted EBITDA for the full year. CFO Gaetano Franceschi pointed to improved execution and stronger fundamentals across both the Skillz and RZR businesses, with a 16% year-over-year improvement in Adjusted EBITDA. The company ended the year with $194.5 million in cash and cash equivalents, down from $271.9 million at the end of 2024, and reported total outstanding debt of $129.7 million. Management emphasized continued investment in product innovation and marketing while focusing on optimizing the capital structure toward sustained profitability.