secwatch.observer — SEC 8-K summary
======================================

Issuer:     Skillz Inc. (SKLZ)
CIK:        0001801661
Form:       8-K
Filed at:   2026-05-15T20:08:30+00:00
Accession:  0001801661-26-000029
Event type: earnings
Sentiment:  positive
Materiality: 0.95
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801661/000180166126000029/0001801661-26-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801661/000180166126000029/sklz-20260515.htm
  HTML page:      https://secwatch.observer/filing/0001801661-26-000029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer