Quarterly ResultMay 15, 2026, 04:29 PM
Skillz Q1 Revenue $29.11M, Net Loss Narrows to $(10.95)M
AI Summary
Skillz Inc. reported a significant increase in revenue for the first quarter of 2026, reaching $29.11 million, up from $21.90 million in the prior year. The company also narrowed its net loss to $(10.95) million, an improvement from $(17.14) million in Q1 2025. Additionally, its Aarki business rebranded to RZR, and the company recognized a $7.5 million gain from litigation settlement.
Key Highlights
- Q1 2026 Revenue increased to $29.11 million from $21.90 million in Q1 2025.
- Net loss narrowed to $(10.95) million in Q1 2026 from $(17.14) million in Q1 2025.
- Basic loss per share improved to $(0.69) in Q1 2026 from $(1.05) in Q1 2025.
- Recognized a $7.5 million gain from litigation settlement in both Q1 2026 and Q1 2025.
- Cash and cash equivalents were $185.40 million as of March 31, 2026, down from $194.51 million.
- RZR (formerly Aarki) advertising revenue grew to $9.76 million in Q1 2026 from $4.44 million.
- Skillz segment entry fee revenue increased to $19.39 million in Q1 2026 from $17.15 million.
- Current portion of long-term debt was $128.11 million as of March 31, 2026, maturing December 2026.
Price Impact
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