Skillz Inc. Delays Q2 2025 Report Filing Due to Ongoing Reporting Process.

Skillz Inc. has delayed filing its Q2 2025 report due to ongoing efforts to complete its year-end reporting process for 2024 and subsequent quarterly reports. The company anticipates filing the delayed report within five calendar days. Skillz has released preliminary financial results for the relevant periods, which are subject to change upon finalization of the reports.

Skillz Inc. (SKLZ) has announced a delay in filing its Q2 2025 financial report. The company cited ongoing efforts to complete its year-end reporting process for 2024 and subsequent quarterly reports as the reason for the delay. Skillz anticipates filing the delayed report within five calendar days [1].

Despite the delay, Skillz has released preliminary financial results for the relevant periods, which are subject to change upon finalization of the reports. The preliminary results indicate a 30% sequential revenue increase, with Q2 GAAP revenue reaching $27 million, representing a 30% sequential growth and an 8% year-over-year increase [1].

Paying Monthly Active Users (MAU) grew by 18% quarter over quarter and 20% year over year, reaching 146,000. Adjusted EBITDA loss improved by 36% quarter over quarter and 17% year over year, indicating progress towards profitability. The company also reported a net loss of $9 million for Q2, compared to a net income of $26 million in the same quarter last year [1].

Significant platform enhancements, including a revamped loyalty program and the introduction of ACH deposit and instant withdrawal, were implemented to boost player retention and monetization. The launch of Skillz Arcade and a $75 million commitment to the developer accelerator program aim to drive long-term growth and innovation [1].

The company is facing compliance issues with the NYSE due to delays in filing its annual report on Form 10-K. Skillz is also involved in ongoing litigation against Papaya and Voodoo Games, which could pose financial and reputational risks [1].

Skillz ended Q2 with $239 million in cash, including $229 million in cash and cash equivalents and $10 million in restricted cash. The company has $129.7 million in outstanding debt and is focused on improving its cash burn to enhance shareholder value [1].

The preliminary results suggest that Skillz is making progress in its strategic initiatives to enhance its platform and drive user engagement and monetization. However, the delay in filing the official report may impact investor confidence and market sentiment in the short term.

References:
[1] https://www.gurufocus.com/news/3048713/skillz-inc-sklz-q2-2025-earnings-call-highlights-revenue-growth-and-strategic-initiatives-propel-user-engagement