secwatch.observer — SEC 8-K summary
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Issuer:     Skillz Inc. (SKLZ)
CIK:        0001801661
Form:       8-K
Filed at:   2026-08-13T20:33:40+00:00
Accession:  0001801661-26-000090
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Firy Q2 revenue $31M (+23% YoY), net loss $24.5M; wins $719M Papaya judgment
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- Revenue $31.0M, up 23% YoY and 6% sequentially; gross profit $27.1M; net loss $24.5M.
- Adjusted EBITDA loss $2.7M (excl. litigation), improved 63% sequentially from $7.1M loss in Q1.
- RZR segment passed $10M quarterly revenue, fourth consecutive profitable quarter.
- Court entered $719M disgorgement judgment plus ~$10M fees against Papaya Gaming; Papaya filed Chapter 15 in Delaware.
- Redeemed $80M debt, leaving ~$50M; NOLs of $702M federal and $280M state.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801661/000180166126000090/0001801661-26-000090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801661/000180166126000090/sklz-20260813.htm
  HTML page:      https://secwatch.observer/filing/0001801661-26-000090

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