---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-009167"
form_type: "8-K"
ticker: "SKLZ"
cik: "0001801661"
company_name: "Skillz Inc."
filed_at: "2023-03-24T23:59:59+00:00"
generated_at: "2026-06-17T16:58:44.259308+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Skillz restates 2020-2021 financials; cites end-user liability, tax, and impairment errors

## Summary
- Audit committee concluded financial statements for 2020, 2021, and first three quarters of 2022 were materially misstated.
- Restatement driven by increases in end-user liability, indirect tax liabilities (foreign and US sales/use), and Aarki impairment.
- Company warns additional material weaknesses may be identified; delayed 2022 10-K filing.
- Previously disclosed ineffective disclosure controls; management will report ineffective ICFR in 2022 10-K.

## SEC filing metadata
- accession: 0001628280-23-009167
- form_type: 8-K
- ticker: SKLZ
- cik: 0001801661
- company_name: Skillz Inc.
- filed_at: 2023-03-24T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801661/000162828023009167/0001628280-23-009167-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801661/000162828023009167/sklz-20230321.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-009167
- JSON: https://secwatch.observer/filing/0001628280-23-009167.json
- Plain text: https://secwatch.observer/filing/0001628280-23-009167.txt

## Key facts
- Auditor Changes
  Skillz Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: On March 21, 2023, the Audit Committee of the Board of Directors (the “Board”) of Skillz Inc. (the “Company”), in consultation with management of the Company, concluded that the Company’s previously issued consolidated financial statements as of and for the years ended December 31, 2021 and December 31, 2020 and the previously issued unaudited interim condensed consolidated financial statements in 2020 and 2021 and the first three quarters of 2022 (collectively, the “Relevant Periods”), as well as the associated earnings press releases, were materially misstated and therefore the financial statements should be restated and the financial statements and earnings press releases should no longer be relied upon.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801661/000162828023009167/0001628280-23-009167-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.