8 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 14.5% per year over the past 5 years.
Operating margin has contracted, at -61.2% in the latest year.
Financial health
The company holds more cash ($195M) than total debt ($128M).
Operating income covered interest expense -4.2× in the latest year.
The company is unprofitable; at its current free-cash-flow burn it has roughly 2.8 years of cash runway.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$104M
-$70M
87.5%
-61.2%
-$70M
$128M
$195M
2024
$93M
-$47M
85.6%
-50.1%
-$8M
$126M
$272M
2023
$152M
-$101M
89.9%
-75.2%
-$85M
$124M
$302M
2022
$270M
-$439M
88.6%
-156.2%
—
$273M
$363M
2021
$380M
-$188M
93.4%
-77.3%
—
$279M
$241M
2020
$229M
-$149M
94.6%
-45.1%
—
$0
$263M
2019
$120M
-$24M
95.2%
-20.7%
—
$10M
$26M
2018
$51M
-$28M
95.8%
-50.3%
—
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$29M
-$11M
87.6%
-30.1%
-$7M
$128M
$185M
Dec '25
$30M
-$18M
88.3%
-53.9%
-$12M
$128M
$195M
Sep '25
$27M
-$17M
87.7%
-59.4%
-$25M
$127M
$212M
Jun '25
$25M
-$18M
87.2%
-63.4%
-$21M
$127M
$229M
Mar '25
$22M
-$17M
86.5%
-70.7%
-$12M
$126M
$254M
Dec '24
$18M
-$25M
81.8%
-136.4%
-$19M
$126M
$272M
Sep '24
$25M
-$21M
86.3%
-85.5%
-$11M
$125M
$301M
Jun '24
$25M
$26M
86.8%
101.2%
$27M
$125M
$316M
Mar '24
$25M
-$27M
86.3%
-106.5%
-$5M
$124M
$291M
Dec '23
$31M
-$16M
88.9%
-66.0%
—
$124M
$302M
Sep '23
$36M
-$34M
89.9%
-86.3%
—
$124M
$330M
Jun '23
$40M
-$17M
90.9%
-75.3%
—
$123M
$325M
Mar '23
$44M
-$36M
89.7%
-72.3%
—
$274M
$415M
Dec '22
$47M
-$143M
89.5%
-297.0%
—
$273M
$363M
Sep '22
$59M
-$83M
87.2%
-135.0%
—
$272M
$240M
Jun '22
$72M
-$63M
87.5%
-78.2%
—
$281M
$170M
Mar '22
$92M
-$150M
90.0%
-159.0%
—
$280M
$115M
Dec '21
$108M
-$100M
92.2%
-97.6%
—
$279M
$241M
Sep '21
$101M
$48M
91.9%
-83.6%
—
—
$540M
Jun '21
$89M
-$81M
95.0%
-58.2%
—
—
$693M
Valuation over time
How the market has priced SKLZ against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has risen from 0.0× (Mar '23) to 1.3× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is SKLZ growing its revenue and profit?
Over the past 5 years, Skillz Inc.'s revenue has declined 14.5% per year. These are computed facts, not advice.
How much debt does SKLZ have?
As of FY2025, Skillz Inc. reported $128M of total debt against $195M of cash; operating income covered interest expense -4.2×.
What is SKLZ's profit margin?
In FY2025, gross margin was 87.5%, operating margin -61.2%, and net margin -67.4%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.