Firy Inc.
Business
Skillz Inc. operates a proprietary multiplayer competitive mobile gaming platform that enables game developers to monetize content through skill-based tournaments and real-money competitions while providing players fair, skill-based gaming experiences. The company offers an SDK, developer console, live operations system, payment infrastructure, and anti-cheat/fraud protections that handle player matching, leaderboards, analytics, and prize fulfillment. Skillz also owns RZR, an AI-powered performance marketing platform serving mobile and connected-television advertising across gaming and broader consumer verticals. The platform is distributed through direct downloads and third-party app stores including Apple App Store and Google Play.
Summary from 10-K filed 2026-03-31
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 104 | 93 | 152 | 270 | 380 | |
| Cost of revenue | 13 | 13 | 15 | 31 | 25 | |
| Research and development | 21 | 17 | 28 | 52 | 46 | |
| Sales and marketing | 71 | 76 | 123 | 277 | 467 | |
| General and administrative | 71 | 79 | 97 | 163 | 136 | |
| Gain from litigation settlement | −8 | −46 | 0 | — | — | |
| Total costs and expenses | 168 | 139 | 266 | 691 | 674 | |
| Loss from operations | −64 | −47 | −114 | −421 | −294 | |
| Interest (expense) income, net | −6 | 298,000 | −3 | — | — | |
| Change in fair value of common stock warrant liabilities | 0 | 11,000 | 278,000 | 6 | 88 | |
| Other expense, net of other income | −567,000 | −530,000 | 540,000 | 125,000 | 49,000 | |
| Loss before income taxes | −70 | −47 | −101 | −439 | −207 | |
| Provision for income taxes | 108,000 | 66,000 | 239,000 | −345,000 | −19 | |
| Net loss | −70 | −47 | −101 | −439 | −188 | |
| Basic (in dollars per share) | −4.51 | −2.62 | −4.85 | −21.41 | −0.49 | |
| Diluted (in dollars per share) | −4.51 | −2.62 | −4.85 | −21.41 | −0.71 | |
| Basic (in shares) | 16 | 18 | 21 | 20 | 385 | |
| Diluted (in shares) | 16 | 18 | 21 | 20 | 389 | |
| Change in unrealized gain on available-for-sale investments, net of tax | 0 | 7,000 | 2 | −1 | −248,000 | |
| Foreign currency translation loss | −371,000 | 0 | — | — | — | |
| Total other comprehensive (loss) income | −371,000 | 7,000 | 2 | −1 | −248,000 | |
| Total comprehensive loss | −71 | −47 | −100 | −440 | −188 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2022 2022-09-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 195 | 272 | 302 | 363 | — | |
| Restricted cash | 0 | 9 | 0 | 0 | — | |
| Accounts receivable, net of allowance for credit losses of $257 and $273 as of December 31, 2025 and 2024, respectively | 14 | 5 | 6 | 7 | 8 | |
| Prepaid expenses and other current assets | 8 | 17 | 7 | 5 | — | |
| Total current assets | 216 | 303 | 315 | 502 | 492 | |
| Property and equipment, net | 21 | 16 | 15 | — | — | |
| Operating lease right-of-use assets, net | 1 | 308,000 | 0 | 472,000 | 13 | |
| Non-marketable equity securities | 53 | 53 | 53 | 56 | — | |
| Restricted cash, non-current | 1 | 1 | 10 | 3 | — | |
| Other non-current assets | 1 | 755,000 | 3 | 852,000 | — | |
| Total non-current assets | 77 | 71 | 81 | 120 | — | |
| Total assets | 293 | 374 | 396 | 621 | 767 | |
| Accounts payable | 10 | 10 | 2 | 2 | — | |
| Operating lease liabilities, current | 465,000 | 2 | 1 | 2 | — | |
| Current portion of long-term debt | 128 | 0 | — | — | — | |
| Other current liabilities | 43 | 55 | 47 | 46 | 64 | |
| Total current liabilities | 181 | 66 | 50 | 49 | 71 | |
| Operating lease liabilities, non-current | 665,000 | 9 | 11 | 12 | — | |
| Long-term debt, net | 0 | 126 | 124 | 273 | — | |
| Other non-current liabilities | 259,000 | 333,000 | 960,000 | 8 | 2 | |
| Total non-current liabilities | 924,000 | 135 | 135 | 293 | — | |
| Total liabilities | 182 | 201 | 185 | 343 | 358 | |
| Commitments and contingencies (Note 9) | — | — | — | — | — | |
| Preferred stock $0.0001 par value; 10.0 million shares authorized no shares issued and outstanding as of December 31, 2025 and 2024, respectively | 0 | 0 | 0 | 0 | — | |
| Common stock $0.0001 par value; 31.3 million shares authorized; Class A common stock25.0 million shares authorized; 19.3 million and 18.7 million shares issued; 12.2 million and 13.3 million outstanding as of December 31, 2025 and 2024, respectively; Class B common stock6.3 million shares authorized; 3.4 million shares issued and outstanding as of December 31, 2025 and 2024, respectively | 1,000 | 1,000 | 1,000 | 1,000 | — | |
| Additional paid-in capital | 1,245 | 1,227 | 1,198 | 1,153 | 1,142 | |
| Accumulated other comprehensive loss | −371,000 | 0 | −7,000 | −2 | — | |
| Accumulated deficit | −1,092 | −1,021 | −974 | −873 | −730 | |
| Treasury stock at cost, 7.1 million and 5.4 million shares as of December 31, 2025 and 2024, respectively | −42 | −32 | −13 | 0 | — | |
| Total stockholders equity | 112 | 173 | 210 | 278 | 409 | |
| Total liabilities and stockholders equity | 293 | 374 | 396 | 621 | 767 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 1 | 2 | 2 | 18 | 12 | |
| Stock-based compensation | 20 | 30 | 44 | 108 | 60 | |
| Accretion of unamortized debt discount and amortization of debt issuance costs | 2 | 2 | 2 | 4 | 149,000 | |
| Non-cash lease expense | 306,000 | 0 | — | — | — | |
| (Recoveries of) provision for bad debt | −16,000 | 221,000 | 276,000 | — | — | |
| Accounts receivable | −10 | 831,000 | 1 | 6 | 931,000 | |
| Prepaid expenses and other assets | 9 | −9 | −2 | 12 | −6 | |
| Accounts payable | 411,000 | 7 | 16,000 | −17 | 6 | |
| Operating lease liabilities | −10 | −298,000 | −2 | −2 | — | |
| Other accruals and liabilities | −11 | 7 | −4 | −28 | 29 | |
| Net cash used in operating activities | −69 | −7 | −72 | −180 | −180 | |
| Purchases of property and equipment | −1 | −668,000 | −13 | — | — | |
| Capitalization of software development costs | −5 | −2 | 0 | — | — | |
| Purchases of marketable securities | 0 | −5,000 | 0 | −454 | −504 | |
| Proceeds from sales of marketable securities | 0 | 1 | 58 | 168 | 2 | |
| Net cash used in investing activities | −6 | −1 | 168 | 311 | −644 | |
| Principal payments on finance leases obligations | −462,000 | −869,000 | −1 | −3 | −2 | |
| Repurchase of common stock | −9 | −19 | −13 | 0 | 0 | |
| Shares withheld for net settlement, net of proceeds from exercise of stock options | −1 | −1 | — | 0 | 0 | |
| Net cash used in financing activities | −11 | −22 | −150 | −11 | 803 | |
| Effect of exchange rates on cash and cash equivalents | −371,000 | 0 | — | — | — | |
| Net change in cash, cash equivalents and restricted cash | −86 | −30 | −53 | 121 | −21 | |
| Cash paid for interest | 13 | 13 | 18 | 30 | 180,000 | |
| Cash paid for taxes, net of refunds received | 151,000 | 183,000 | 400,000 | 0 | — | |
| Purchases of property and equipment included in accounts payable | 58,000 | 555,000 | 0 | — | — | |
| Stock-based compensation capitalized in software development costs | 236,000 | 71,000 | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Firy Inc.'s CIK number?
Firy Inc.'s SEC CIK number is 0001801661 (1801661). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Firy Inc.'s SEC filings?
All of Firy Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Firy Inc. last report earnings?
Firy Inc. (FIRY) most recently filed an earnings 8-K with the SEC on May 15, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001801661-26-000029). This is Firy Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Firy Inc.'s most recent earnings 8-K?
Firy Inc.'s latest earnings 8-K (Item 2.02) was filed May 15, 2026 under accession 0001801661-26-000029. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Firy Inc.'s latest earnings 8-K →
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