NYSE$SKLZ

Skillz Inc · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

SKLZ reported Q3 2025 revenue of $27.4M, a net loss of $17.4M.

For Q3 2025, SKLZ reported Revenue was $27.4M, net loss was $17.4M. The filing discusses operating performance, liquidity, and outlook in MD&A.

  • Revenue $27.4M for Q3 2025.
  • Net loss $17.4M.
  • MD&A covers liquidity, capital allocation, and sector-specific risks.

Headline financials

Total Revenue

$27.4M

Previous: $24.6M+11.4%
EPS (adj)

-$1.14

Previous: -$1.20+5.0%
Paying Monthly Active Users

155.0K

Previous: 121.0K+28.1%
Average Revenue Per Paying MAU

$58.90

Previous: $67.60-12.9%
Gross Marketplace Volume

$139M

Previous: $158M-11.9%
Monthly Active Users

613.0K

Previous: 845.0K-27.5%
Average GMV Per Paying MAU

$300.10

Previous: $435.90-31.2%
Average GMV Per MAU

$75.80

Previous: $62.40+21.5%
Average Revenue Per MAU

$14.90

Previous: $9.70+53.6%
Paying MAU to MAU Ratio

0.3%

Previous: 0.1%+78.6%
Avg End-User Incentives/PMAU

$18.40

Previous: $28.00-34.3%
Avg End-User Incentives/MAU

$4.70

Previous: $4.00+17.5%
Capital Expenditures

-$2.11M

Previous: -$11.5M+81.7%
Net Income

-$17.4M

Previous: -$21.1M+17.4%
Operating Income

-$16.3M

Previous: -$21M+22.5%
Gross Profit

$24M

Previous: $21.2M+13.3%

Revenue & EPS history

Skillz · Revenue · Quarterly

$27.4M

Q3 2025+11.4%vs Q3 2024
Beat estimate in 1 of 12 quarters(8%)
ActualEstimate

Revenue by segment

Skillz · $29.4M total across 2 segments · Q1 2026

  • Skillz Platform
    $19.7M
  • RZR Advertising
    $9.76M

Forward guidance

Outlook focuses on cash runway, pipeline milestones, and cost discipline as the company works toward profitability.

Tailwinds

  • Cash and equivalents support operations into upcoming milestones.
  • Strategic initiatives and partnerships noted in MD&A.

Headwinds

  • Ongoing operating losses and R&D or interest spend pressure earnings.
  • Financing, dilution, or macro factors may affect liquidity.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

-3.8%

Avg return

Earnings day

-0.6%

Avg return

5 days after

+4.2%

Avg return

30 days after

27%

7 / 26 earnings

Positive

+15.5%

Q4 2022

Best reaction

-19.9%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.8%+11.2%+33.0%
Q4 2025-4.6%-3.9%+189.6%
Q3 2025-0.8%-0.6%-11.4%
Q2 2025+14.0%+29.8%+11.9%
Q1 2025+6.2%+15.3%+19.3%
Q4 2024-14.1%-10.6%-18.8%
Q3 2024-9.0%-11.5%-0.9%
Q2 2024-5.4%-6.2%-8.5%
Q1 2024-13.5%+2.4%+11.0%
Q4 2023-11.7%-12.6%-12.8%
Q3 2023-14.9%-6.7%+10.8%
Q2 2023-14.4%-12.9%-28.9%
Q1 2023-14.2%-14.8%-8.0%
Q4 2022+15.5%+14.0%+21.2%
Q3 2022-1.0%+2.9%-3.7%
Q2 2022-8.7%+0.0%-27.3%
Q1 2022-3.3%-20.0%-22.3%
Q4 2021-19.9%-13.9%-15.0%
Q3 2021-1.8%+6.3%-30.6%
Q2 2021-14.6%-16.1%-12.9%
Q1 2021-6.3%-4.9%+28.5%
Q4 2019+13.2%+5.7%-37.9%
Q4 2020+9.5%+24.0%-31.9%
Q3 2020+4.3%+6.7%+39.3%
Q2 2020-0.3%-1.9%+11.0%
Q1 2020+1.5%+2.0%+4.0%

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