---
schema_version: "secwatch.filing_event.v1"
accession: "0001801661-23-000007"
form_type: "8-K"
ticker: "SKLZ"
cik: "0001801661"
company_name: "Skillz Inc."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:45:05.267136+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Skillz Q1 revenue $44.4M, net loss $35.6M; restates prior financials

## Summary
- Revenue of $44.4M, gross profit $39.8M; net loss $35.6M.
- Adjusted EBITDA of $(20.9)M; paying MAU 214K, ARPPU $69.1.
- Cash and securities $520.9M; debt outstanding $273.6M.
- Company restated 2020-2022 financials for errors in end-user liability, reserves, impairment, and tax.
- CEO cites progress on turnaround four pillars; cautiously optimistic.

## SEC filing metadata
- accession: 0001801661-23-000007
- form_type: 8-K
- ticker: SKLZ
- cik: 0001801661
- company_name: Skillz Inc.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801661/000180166123000007/0001801661-23-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801661/000180166123000007/sklz-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001801661-23-000007
- JSON: https://secwatch.observer/filing/0001801661-23-000007.json
- Plain text: https://secwatch.observer/filing/0001801661-23-000007.txt

## Key facts
- Earnings Releases
  Skillz Inc. reported first quarter ended March 31, 2023 results: revenue $44.4 million.
  - Period: first quarter ended March 31, 2023
  - Revenue: $44.4 million
  - Result: reported results
  source text: games platform bringing fair competition to players worldwide, today announced results for the first quarter ending March 31, 2023. First Quarter Financial Update: • Revenue of $44.4 million. • Gross profit of $39.8 million. • Net loss of $35.6 million. • Adjusted EBITDA 1 of $(20.9) million. • Paying monthly active users (PMAU) 2 of 214 thousand. • Average Revenue
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801661/000180166123000007/0001801661-23-000007-index.htm

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