
Skillz Inc. reported full year 2025 revenue of $104.5M, an Adjusted EBITDA loss of $50.5M, and a net loss of $70.4M, with cash and cash equivalents at $194.5M.
Bullish
Skillz achieved year-over-year revenue growth in H2 2025, saw its RZR ad-tech segment deliver significant growth and positive Adjusted EBITDA, and improved full year Adjusted EBITDA by 16%.
Bearish
Skillz reported an increased full year net loss of $70.4M and a $50.5M Adjusted EBITDA loss, while cash declined and debt rose. The company also faces significant competitive and profitability risks.