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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Information

The following tables provide summarized information about the Company’s operations by reportable segment and a reconciliation of Segment Adjusted EBITDA to Net loss in the three months ended March 31, 2025 and 2024.

			Three Months Ended March 31,
			2025						2024
Revenue
Skillz Segment			$	17,592					$	22,417
Aarki Segment			4,439						2,865
Elimination			(134)						(47)
Total Revenue			$	21,897					$	25,235
Segment Adjusted EBITDA
Skillz Segment			$	(16,283)					$	(15,691)
Aarki Segment			(973)						(2,045)
Total Segment Adjusted EBITDA			$	(17,256)					$	(17,736)
Items to reconcile Segment Adjusted EBITDA to Net loss:
Interest (expense) income, net			$	(1,071)					$	112
Stock-based compensation			(5,550)						(8,740)
Change in fair value of warrant liability			—						9
Provision for income taxes			(39)						(38)
Depreciation and amortization			(167)						(395)
Gain from litigation settlement			7,500						—
Other income, net			(559)						65
Net loss			$	(17,142)					$	(26,723)

The following tables provide summarized information about the Company’s operations used by the CODM by reportable segment for the three months ended March 31, 2025 and 2024, respectively.

			Three Months Ended March 31, 2025
			Skillz Segment						Aarki Segment
Revenue			$	17,592					$	4,439
Less:
Cost of Revenue			1,840						976
End User Engagement Marketing			8,280
Paid Acquisition Spend			3,731
Headcount expenses			7,015
Consulting fees			1,143
Vendor/Software Expenses			3,698
Legal fees (non-litigation)			526
Litigation expenses			5,655
Office and operations expense			1,626
Aarki operating expenses									4,436
All other operating expenses			361
Total Operating Expenses			33,875						5,412
Segment Adjusted EBITDA			$	(16,283)					$	(973)

			Three Months Ended March 31, 2024
			Skillz Segment						Aarki Segment
Revenue			$	22,417					$	2,865
Less:
Cost of Revenue			2,043						858
End User Engagement Marketing			8,886
Paid Acquisition Spend			4,689
Headcount expenses			9,156
Consulting fees			1,497
Vendor/Software Expenses			3,448
Legal fees (non-litigation)			5,837
Office and operations expense			676
Aarki operating expenses									4,052
All other operating expenses			1,876
Total Operating Expenses			38,108						4,910
Segment Adjusted EBITDA			$	(15,691)					$	(2,045)

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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X

- References

No definition available.

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