---
schema_version: "secwatch.filing_event.v1"
accession: "0001801661-26-000029"
form_type: "8-K"
ticker: "SKLZ"
cik: "0001801661"
company_name: "Skillz Inc."
filed_at: "2026-05-15T20:08:30+00:00"
generated_at: "2026-05-15T20:15:34.399452+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Skillz Q1 revenue $29.1M, net loss $10.9M; wins $420M jury verdict against Papaya Gaming

## Summary
- Revenue $29.1M, gross profit $25.5M, net loss $10.9M, adjusted EBITDA loss $12.8M.
- Paying monthly active users 128k, average revenue per PMAU $76.0.
- Federal jury awarded Skillz $420M actual damages vs Papaya Gaming; potential total $1.2B; court ruling expected June 2026.
- Ended quarter with $185M cash; RZR segment delivered third consecutive quarter of profitability.
- Excluding litigation expenses, adjusted EBITDA improved 15% QoQ, operating expenses $41.8M.

## SEC filing metadata
- accession: 0001801661-26-000029
- form_type: 8-K
- ticker: SKLZ
- cik: 0001801661
- company_name: Skillz Inc.
- filed_at: 2026-05-15T20:08:30+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801661/000180166126000029/0001801661-26-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801661/000180166126000029/sklz-20260515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001801661-26-000029
- JSON: https://secwatch.observer/filing/0001801661-26-000029.json
- Plain text: https://secwatch.observer/filing/0001801661-26-000029.txt

## Key facts
- Earnings Releases
  Skillz Inc. reported first quarter ended March 31, 2026 results: revenue $29.1 million, net income $10.9 million.
  - Period: first quarter ended March 31, 2026
  - Revenue: $29.1 million
  - Net income: $10.9 million
  - Result: reported results
  source text: to players worldwide, today reported unaudited financial results for the first quarter ended March 31, 2026. First Quarter 2026 Financial Highlights (Unaudited): • Revenue of $29.1 million • Gross profit of $25.5 million • Net loss of $10.9 million • Adjusted EBITDA 1 loss of $12.8 million • Paying monthly active users (PMAUs) 2 of 128 thousand • Average revenue
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801661/000180166126000029/0001801661-26-000029-index.htm

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