Skillz (SKLZ)
Market Price (2/7/2026): $3.9 | Market Cap: $59.7 MilSector: Communication Services | Industry: Interactive Home Entertainment
Skillz (SKLZ)
Market Price (2/7/2026): $3.9Market Cap: $59.7 MilSector: Communication ServicesIndustry: Interactive Home Entertainment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -140% | Weak multi-year price returns2Y Excs Rtn is -70%, 3Y Excs Rtn is -144% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -79 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -86% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -53% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -13%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -33% | |
| Megatrend and thematic driversMegatrends include Digital Content & Streaming, Fintech & Digital Payments, and Social Media & Creator Economy. Themes include Gaming Content & Platforms, Show more. | Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 23% | |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -82%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -88% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -134% | ||
| Significant short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 27.98 | ||
| Key risksSKLZ key risks include [1] persistent financial losses driven by declining revenue and a shrinking user base, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -140% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -53% |
| Megatrend and thematic driversMegatrends include Digital Content & Streaming, Fintech & Digital Payments, and Social Media & Creator Economy. Themes include Gaming Content & Platforms, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -70%, 3Y Excs Rtn is -144% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -79 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -86% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -13%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -33% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 23% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -82%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -88% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -134% |
| Significant short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 27.98 |
| Key risksSKLZ key risks include [1] persistent financial losses driven by declining revenue and a shrinking user base, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Skillz (SKLZ) stock has lost about 40% since 10/31/2025 because of the following key factors:
1. Ongoing NYSE Compliance Issues and Delayed Financial Filings.
Skillz Inc. faced persistent challenges in complying with NYSE listing standards due to delays in filing its financial statements, specifically the Form 10-K and Form 10-Qs. The company acknowledged these issues during its Q3 2025 earnings call on November 6, 2025, indicating that efforts were underway to meet the December 17, 2025, deadline for necessary filings. This concern about regulatory compliance contributed to investor uncertainty.
2. Decline in Total Monthly Active Users (MAU).
Despite a reported 2.5% year-over-year increase in paid monthly active users (MAU), Skillz experienced an estimated 2.1% year-over-year decrease in total monthly active users as of February 6, 2026. This modest decline in overall user engagement, even with a strategic focus on the quality of engagement rather than volume, likely signaled a contracting user base to investors and negatively impacted the stock.
Show more
1. Ongoing NYSE Compliance Issues and Delayed Financial Filings.
Skillz Inc. faced persistent challenges in complying with NYSE listing standards due to delays in filing its financial statements, specifically the Form 10-K and Form 10-Qs. The company acknowledged these issues during its Q3 2025 earnings call on November 6, 2025, indicating that efforts were underway to meet the December 17, 2025, deadline for necessary filings. This concern about regulatory compliance contributed to investor uncertainty.
2. Decline in Total Monthly Active Users (MAU).
Despite a reported 2.5% year-over-year increase in paid monthly active users (MAU), Skillz experienced an estimated 2.1% year-over-year decrease in total monthly active users as of February 6, 2026. This modest decline in overall user engagement, even with a strategic focus on the quality of engagement rather than volume, likely signaled a contracting user base to investors and negatively impacted the stock.
Show more
Stock Movement Drivers
Fundamental Drivers
The -41.6% change in SKLZ stock from 10/31/2025 to 2/6/2026 was primarily driven by a -35.7% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 2062026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.68 | 3.90 | -41.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 106 | 90 | -15.7% |
| P/S Multiple | 1.1 | 0.7 | -35.7% |
| Shares Outstanding (Mil) | 18 | 16 | 7.6% |
| Cumulative Contribution | -41.6% |
Market Drivers
10/31/2025 to 2/6/2026| Return | Correlation | |
|---|---|---|
| SKLZ | -41.6% | |
| Market (SPY) | 1.3% | 43.8% |
| Sector (XLC) | 0.8% | 17.7% |
Fundamental Drivers
The -43.7% change in SKLZ stock from 7/31/2025 to 2/6/2026 was primarily driven by a -38.0% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 2062026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.93 | 3.90 | -43.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 106 | 90 | -15.7% |
| P/S Multiple | 1.1 | 0.7 | -38.0% |
| Shares Outstanding (Mil) | 18 | 16 | 7.6% |
| Cumulative Contribution | -43.7% |
Market Drivers
7/31/2025 to 2/6/2026| Return | Correlation | |
|---|---|---|
| SKLZ | -43.7% | |
| Market (SPY) | 9.6% | 38.1% |
| Sector (XLC) | 8.1% | 19.9% |
Fundamental Drivers
The -41.4% change in SKLZ stock from 1/31/2025 to 2/6/2026 was primarily driven by a -35.4% change in the company's P/S Multiple.| (LTM values as of) | 1312025 | 2062026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.65 | 3.90 | -41.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 106 | 90 | -15.7% |
| P/S Multiple | 1.1 | 0.7 | -35.4% |
| Shares Outstanding (Mil) | 18 | 16 | 7.6% |
| Cumulative Contribution | -41.4% |
Market Drivers
1/31/2025 to 2/6/2026| Return | Correlation | |
|---|---|---|
| SKLZ | -41.4% | |
| Market (SPY) | 15.8% | 39.6% |
| Sector (XLC) | 14.1% | 32.5% |
Fundamental Drivers
The -75.6% change in SKLZ stock from 1/31/2023 to 2/6/2026 was primarily driven by a -72.7% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312023 | 2062026 | Change |
|---|---|---|---|
| Stock Price ($) | 15.99 | 3.90 | -75.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 328 | 90 | -72.7% |
| P/S Multiple | 1.0 | 0.7 | -29.7% |
| Shares Outstanding (Mil) | 21 | 16 | 27.0% |
| Cumulative Contribution | -75.6% |
Market Drivers
1/31/2023 to 2/6/2026| Return | Correlation | |
|---|---|---|
| SKLZ | -75.6% | |
| Market (SPY) | 76.2% | 38.8% |
| Sector (XLC) | 116.4% | 37.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SKLZ Return | -63% | -93% | -38% | -19% | -14% | -27% | -99% |
| Peers Return | -4% | 5993% | 25% | 3% | 5% | -18% | 6352% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -1% | 81% |
Monthly Win Rates [3] | |||||||
| SKLZ Win Rate | 33% | 17% | 50% | 33% | 50% | 0% | |
| Peers Win Rate | 37% | 27% | 58% | 53% | 48% | 0% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| SKLZ Max Drawdown | -64% | -94% | -59% | -30% | -26% | -27% | |
| Peers Max Drawdown | -20% | -39% | -11% | -20% | -29% | -18% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: EA, TTWO, RBLX, PLTK, GMGI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/6/2026 (YTD)
How Low Can It Go
| Event | SKLZ | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -99.5% | -25.4% |
| % Gain to Breakeven | 21123.3% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -21.0% | -33.9% |
| % Gain to Breakeven | 26.5% | 51.3% |
| Time to Breakeven | 28 days | 148 days |
Compare to EA, TTWO, RBLX, PLTK, GMGI
In The Past
Skillz's stock fell -99.5% during the 2022 Inflation Shock from a high on 2/5/2021. A -99.5% loss requires a 21123.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Skillz (SKLZ)
Skillz Inc. operates a mobile games platform that connects players in fair, fun, and meaningful competition. The company primarily develops and supports a proprietary online-hosted technology platform that enables independent game developers to host tournaments and provide competitive gaming activity to end-users worldwide. It also hosts casual esports tournaments to a range of mobile players. The company distributes games through direct app download from its website, as well as through third-party platforms. Skillz Inc. was founded in 2012 and is headquartered in San Francisco, California.
AI Analysis | Feedback
Here are 1-2 brief analogies to describe Skillz:
- Skillz is like DraftKings or FanDuel for skill-based mobile video games.
- Skillz is like an online poker platform (e.g., PokerStars) for competitive mobile games.
AI Analysis | Feedback
- Mobile eSports Platform: A technology platform that integrates competitive multiplayer tournaments into mobile games, allowing players to compete for real money prizes.
- Developer Monetization Tools: Provides mobile game developers with SDKs and services to implement skill-based competitions, helping them monetize their games and increase player engagement.
- Skill-Based Gaming Experience: Offers mobile gamers a fair and competitive environment to test their skills against others in tournaments with real cash prizes.
AI Analysis | Feedback
```htmlSkillz (SKLZ) primarily sells to **individuals** (B2C) rather than other companies. Its platform allows mobile game players to compete against each other for cash prizes.
The up to three categories of customers that Skillz serves are:
-
Competitive Mobile Gamers: Individuals who are looking for a more engaging and competitive gaming experience beyond traditional free-to-play mobile games. These players are drawn to the skill-based tournaments and the opportunity to win real money.
-
Casual Players Seeking Monetization: Everyday mobile game players who enjoy various genres and are interested in the added incentive of potentially earning money while playing games they enjoy. They might start with smaller stakes or free-entry tournaments.
-
Esports Enthusiasts (Mobile Segment): Players who appreciate the competitive aspect of esports and seek platforms where their gaming skill can be directly rewarded. While traditional esports often focus on PC/console, Skillz caters to this drive within the mobile gaming ecosystem.
AI Analysis | Feedback
- Amazon.com, Inc. (AMZN)
AI Analysis | Feedback
The management team members of Skillz (SKLZ) are as follows:
Andrew Paradise, CEO & Founder
Andrew Paradise is the CEO and Founder of Skillz. Prior to Skillz, he founded Double Picture, an ad tech firm, which he sold to MPA in 2010. He also founded AisleBuyer, a mobile self-checkout company, which he sold to Intuit in 2012. Paradise co-founded Skillz with Casey Chafkin in 2012. His professional career began in private equity and venture capital.
Gaetano Franceschi, CFO
Gaetano Franceschi joined Skillz as Chief Financial Officer in January 2024. Before Skillz, he served as the Senior Vice President and Head of Finance of Compass, a real estate technology company. His experience also includes roles as CFO of Amazon Games and CFO of AWS Data Center General Services, as well as various operational finance positions at Citi and American Express.
Casey Chafkin, Chief Strategy Officer & Co-founder
Casey Chafkin is the Chief Strategy Officer and co-founder of Skillz. He co-founded Skillz with Andrew Paradise in 2012. Prior to Skillz, he was the Vice President of Business Development for AisleBuyer, a company that was sold to Intuit in 2012.
Jason Roswig, President
Jason Roswig served as President and Chief Financial Officer of Skillz starting in August 2022, before stepping down as CFO in January 2024 to continue as President. Previously, he was a Managing Director in Blackstone's Private Equity and Portfolio Operations groups, where he oversaw the financial and operating performance of Blackstone's technology portfolio. He also worked as an Expert Associate Partner at McKinsey & Company and held finance and corporate development executive roles at General Electric Company.
Nik Patel, Interim General Counsel
Nik Patel is the Interim General Counsel at Skillz, responsible for legal, compliance, and regulatory matters. Prior to joining Skillz, he was a Senior Associate at the international law firm King & Spalding LLP, specializing in mergers and acquisitions, corporate, and securities law.
AI Analysis | Feedback
Skillz (SKLZ) faces several significant risks to its business, primarily stemming from its inability to achieve sustainable profitability and its ongoing regulatory and legal challenges.- Declining Revenue and Lack of Sustainable Profitability: Skillz has consistently reported declining revenues, a shrinking user base, and persistent financial losses, indicating fundamental challenges in achieving sustained profitability. The company's revenues have decreased significantly from their peak, and it continues to report negative net income and cash flow from operations. This decline in its paying monthly active users (PMAU) suggests a struggle to retain and grow its core customer base.
- Regulatory, Legal, and Compliance Issues: The company is confronting critical regulatory and legal hurdles. Skillz received a notice from the New York Stock Exchange (NYSE) regarding non-compliance with listing standards due to its failure to timely file its annual report (Form 10-K), which could lead to delisting if not resolved. Furthermore, Skillz has identified material weaknesses in its internal control over financial reporting. The company is also involved in ongoing litigation, including disputes with Papaya and Voodoo, and a lawsuit concerning the termination of agreements with Tether, which can drain resources and create uncertainty.
- Intense Competition and Dependence on Third-Party Developers: Skillz operates in a highly competitive mobile gaming market, facing pressure from major tech companies such as Apple and Google. The business model is significantly dependent on attracting and retaining successful relationships with third-party game developers. There is also a risk that a preference among mobile players for free casual games, rather than those with cash stakes, could diminish Skillz's market potential.
AI Analysis | Feedback
The clearest emerging threat for Skillz (SKLZ) is the potential for mobile operating system developers, primarily Apple and Google, to develop and integrate their own native, real-money skill-based competitive gaming platforms directly into their respective app stores.
Skillz operates as a third-party layer, providing SDKs, matchmaking, fraud detection, and monetization services for developers building games on iOS and Android. If Apple or Google were to launch their own robust, officially sanctioned platforms for real-money skill-based gaming, they would possess immense advantages that could fundamentally disrupt Skillz's business model. These advantages include:
- Direct Access and Trust: Immediate access to billions of users and millions of developers, coupled with the inherent trust associated with the platform owners.
- Seamless Integration: Native features could offer superior performance, lower latency, and deeper integration with the operating system and payment systems.
- Cost and Terms: They could offer more attractive terms or lower fees to developers, leveraging their massive scale and ability to capture revenue from various angles within their ecosystem.
- Regulatory Leverage: Platform owners might have an easier path navigating evolving real-money gaming regulations due to their existing compliance infrastructure and relationships.
While Apple and Google have not yet launched direct Skillz competitors, they are consistently expanding their gaming initiatives (e.g., Apple Arcade, Google Play Pass, continuous enhancements to developer tools and monetization options). The real-money skill-based gaming market, validated by Skillz, represents a significant revenue opportunity for these platform owners who already control the underlying infrastructure and developer relationships. Their entry would bypass the need for a third-party platform like Skillz, potentially rendering its services redundant or uncompetitive, much like Apple's iPhone impacted Research in Motion's BlackBerry by integrating superior features directly into the platform.
AI Analysis | Feedback
Skillz (SKLZ) primarily operates within the mobile gaming and esports markets, providing a platform for skill-based competition and tournaments.Addressable Markets for Skillz's Main Products and Services
Skillz's core business revolves around mobile gaming and esports. The addressable market sizes for these areas are substantial on a global scale.Global Mobile Gaming Market
The global mobile gaming market was valued at approximately USD 89.74 billion in 2023 and an estimated USD 100.08 billion in 2024. Projections indicate significant growth, with the market expected to reach around USD 196.40 billion by 2032 or USD 216.82 billion by 2033, exhibiting a Compound Annual Growth Rate (CAGR) of 7.9% to 8.52% from 2025. Other estimates place the 2024 market size at USD 106.53 billion, growing to USD 232.58 billion by 2032 with a CAGR of 9.78%, or USD 139.38 billion in 2024, projected to reach USD 256.19 billion by 2030 with a CAGR of 10.2%. Asia-Pacific currently dominates the mobile gaming market.Global Esports Market
The global esports market demonstrates robust growth. In 2023, the market size was valued at approximately USD 1.3 billion. Estimates for 2024 range from USD 560.6 million to USD 2.08 billion and USD 2.13 billion, with another source reporting USD 6.61 billion. Looking ahead, the global esports market is projected to reach various figures, including USD 7.46 billion by 2030, USD 9.2 billion by 2033, USD 10.06 billion by 2033, or even around USD 48.09 billion by 2034. These projections suggest a CAGR ranging from 17.05% to 23.1% over the forecast periods. North America has historically held a significant share of the esports market, while Asia-Pacific is also a dominant region and is projected to achieve the highest CAGR in the coming years.AI Analysis | Feedback
Skillz (symbol: SKLZ) is focusing on several key drivers to fuel its future revenue growth over the next 2-3 years:- International Expansion: Skillz is actively expanding its geographical footprint to new markets, with a significant emphasis on India. The company has established a second corporate headquarters in Bengaluru to drive product innovation, engineering, and advanced analytics, aiming to increase its global user base.
- Diversification of Game Genres and New Product Launches: The company plans to broaden its game offerings beyond traditional competition-based mobile games to include casual, puzzle, and strategy games, aiming to attract a wider audience and enhance platform engagement. This strategy includes expanding into genres like advanced racing, synchronous fighting, and first-person shooters, exemplified by titles such as "Big Buck Hunter: Marksman". The launch of new games like "Solitaire Skillz" through its developer programs also contributes to this diversification.
- Developer Accelerator Program: Skillz has launched a $75 million Developer Accelerator program designed to support mobile game developers in bringing new skill-based titles to market. This initiative provides financial backing, operational resources, and expert guidance to foster game innovation and expand platform content, thereby driving user acquisition through new and engaging games.
- Optimizing User Acquisition and Retention: The company is focused on improving customer acquisition costs and increasing the long-term value of its players. This includes strategies to re-engage lapsed users and enhance monetization efforts. Recent reports indicate growth in paying monthly active users (PMAU) and an improved paid user conversion rate, reflecting stronger engagement and monetization across the platform.
- Growth of Aarki's Ad Tech Business with AI-driven Products: Skillz's ad technology business, Aarki, is experiencing accelerating revenue growth driven by the launch of new AI-driven products on both iOS and Android platforms. Investments in Aarki's machine and deep learning capabilities are aimed at expanding its market reach and improving returns for advertisers, contributing to overall revenue growth.
AI Analysis | Feedback
Share Repurchases
- Skillz's Board of Directors authorized a share repurchase program for up to $65 million of its Class A common stock on August 21, 2023.
- The authorized share repurchase program has a term of 12 months.
Outbound Investments
- Skillz announced a $75 million developer accelerator program aimed at driving game innovation and expanding offerings on its platform.
Capital Expenditures
- Skillz reported capital expenditures of -$5.28 million for the trailing twelve months ended June 2025.
- Annual capital expenditures were -$2.76 million in fiscal year 2024, -$13.24 million in fiscal year 2023, -$1.89 million in fiscal year 2022, and -$3.24 million in fiscal year 2021.
- These capital expenditures are primarily focused on acquiring or upgrading physical assets such as property, industrial buildings, or equipment.
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 35.16 |
| Mkt Cap | 18.7 |
| Rev LTM | 3,595 |
| Op Inc LTM | -40 |
| FCF LTM | 417 |
| FCF 3Y Avg | 398 |
| CFO LTM | 551 |
| CFO 3Y Avg | 488 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 13.9% |
| Rev Chg 3Y Avg | 6.1% |
| Rev Chg Q | 13.4% |
| QoQ Delta Rev Chg LTM | 3.4% |
| Op Mgn LTM | -3.0% |
| Op Mgn 3Y Avg | -9.5% |
| QoQ Delta Op Mgn LTM | 0.9% |
| CFO/Rev LTM | 17.4% |
| CFO/Rev 3Y Avg | 18.8% |
| FCF/Rev LTM | 10.1% |
| FCF/Rev 3Y Avg | 14.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 18.7 |
| P/S | 3.1 |
| P/EBIT | 1.7 |
| P/E | -4.9 |
| P/CFO | 11.4 |
| Total Yield | -4.4% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 1.2% |
| D/E | 0.2 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -11.7% |
| 3M Rtn | -26.4% |
| 6M Rtn | -29.2% |
| 12M Rtn | -20.2% |
| 3Y Rtn | 5.6% |
| 1M Excs Rtn | -11.9% |
| 3M Excs Rtn | -31.1% |
| 6M Excs Rtn | -36.8% |
| 12M Excs Rtn | -40.2% |
| 3Y Excs Rtn | -61.7% |
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Skillz Segment | 139 | 249 | |||
| Aarki Segment | 13 | 22 | |||
| Eliminations | -0 | -1 | |||
| Single Segment | 380 | 230 | 120 | ||
| Total | 152 | 270 | 380 | 230 | 120 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Loss contingency accrual | 4 | 0 | |||
| Depreciation and amortization | -2 | -18 | |||
| Impairment charges | -3 | -168 | |||
| Aarki Segment | -4 | 4 | |||
| Stock-based compensation | -44 | -108 | |||
| Skillz Segment | -65 | -127 | |||
| One-time nonrecurring expenses | -0 | ||||
| Restructuring charges | -5 | ||||
| Total | -114 | -421 |
Price Behavior
Price Behavior
| Market Price | $3.90 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 04/27/2020 | |
| Distance from 52W High | -57.1% | |
| 50 Days | 200 Days | |
| DMA Price | $4.64 | $6.34 |
| DMA Trend | indeterminate | down |
| Distance from DMA | -15.9% | -38.5% |
| 3M | 1YR | |
| Volatility | 71.4% | 68.1% |
| Downside Capture | 329.90 | 211.73 |
| Upside Capture | 35.19 | 131.63 |
| Correlation (SPY) | 32.5% | 38.9% |
SKLZ Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.34 | 1.25 | 1.12 | 1.49 | 1.24 | 1.84 |
| Up Beta | -1.93 | -2.59 | 0.65 | 2.04 | 1.03 | 1.62 |
| Down Beta | 4.18 | 3.14 | 1.92 | 1.96 | 1.17 | 1.50 |
| Up Capture | -165% | -110% | -91% | 2% | 110% | 524% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 6 | 13 | 22 | 52 | 119 | 348 |
| Down Capture | 166% | 287% | 230% | 188% | 141% | 113% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 14 | 27 | 38 | 69 | 125 | 389 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SKLZ | |
|---|---|---|---|---|
| SKLZ | -41.0% | 68.0% | -0.50 | - |
| Sector ETF (XLC) | 14.0% | 18.7% | 0.56 | 32.6% |
| Equity (SPY) | 15.4% | 19.4% | 0.61 | 39.9% |
| Gold (GLD) | 73.9% | 24.8% | 2.19 | 4.5% |
| Commodities (DBC) | 8.9% | 16.6% | 0.34 | 16.7% |
| Real Estate (VNQ) | 4.6% | 16.5% | 0.10 | 30.7% |
| Bitcoin (BTCUSD) | -33.5% | 42.9% | -0.83 | 27.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SKLZ | |
|---|---|---|---|---|
| SKLZ | -63.0% | 87.3% | -0.75 | - |
| Sector ETF (XLC) | 12.2% | 20.8% | 0.49 | 47.3% |
| Equity (SPY) | 14.4% | 17.0% | 0.68 | 45.9% |
| Gold (GLD) | 21.4% | 16.9% | 1.03 | 5.7% |
| Commodities (DBC) | 11.5% | 18.9% | 0.49 | 11.1% |
| Real Estate (VNQ) | 5.0% | 18.8% | 0.17 | 38.4% |
| Bitcoin (BTCUSD) | 13.9% | 57.8% | 0.46 | 25.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SKLZ | |
|---|---|---|---|---|
| SKLZ | -32.6% | 85.8% | -0.42 | - |
| Sector ETF (XLC) | 9.5% | 22.5% | 0.52 | 43.8% |
| Equity (SPY) | 15.4% | 17.9% | 0.74 | 42.8% |
| Gold (GLD) | 15.7% | 15.5% | 0.84 | 6.0% |
| Commodities (DBC) | 8.0% | 17.6% | 0.37 | 11.6% |
| Real Estate (VNQ) | 6.0% | 20.7% | 0.25 | 34.5% |
| Bitcoin (BTCUSD) | 67.1% | 66.6% | 1.07 | 23.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/7/2025 | 14.6% | 36.9% | 13.4% |
| 3/13/2025 | -14.1% | -9.6% | -18.8% |
| 11/7/2024 | -9.9% | -9.2% | -4.6% |
| 8/1/2024 | -3.5% | -2.8% | -6.6% |
| 3/14/2024 | -1.7% | -4.1% | -8.8% |
| 8/2/2023 | -9.0% | -9.9% | -24.3% |
| 3/30/2023 | 10.9% | 27.1% | 17.1% |
| 11/2/2022 | 5.1% | -5.7% | 2.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 4 | 3 | 3 |
| # Negative | 10 | 11 | 11 |
| Median Positive | 9.5% | 27.1% | 13.4% |
| Median Negative | -9.8% | -9.6% | -18.8% |
| Max Positive | 14.6% | 36.9% | 17.1% |
| Max Negative | -19.9% | -35.2% | -35.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 12/11/2025 | 10-Q |
| 06/30/2025 | 12/11/2025 | 10-Q |
| 03/31/2025 | 12/11/2025 | 10-Q |
| 12/31/2024 | 11/06/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/29/2024 | 10-Q |
| 03/31/2024 | 08/29/2024 | 10-Q |
| 12/31/2023 | 08/29/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/31/2023 | 10-K |
| 09/30/2022 | 11/07/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
| 12/31/2021 | 03/01/2022 | 10-K |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.