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Skillz Inc. (SKLZ) Fundamental Analysis & AI Grade 2026

SKLZ NYSE Services-Computer Processing & Data Preparation DE CIK: 0001801661
Updated This Month • Analysis: May 16, 2026 • SEC Data: 2026-03-31
Combined AI Grade
C
78% Confidence
N/A
C
78% Conf
Pending
Analysis scheduled

📊 SKLZ Key Takeaways

Revenue: $29.1M
Net Margin: -37.6%
Free Cash Flow: $-7.1M
Current Ratio: 1.13x
Debt/Equity: 1.25x
EPS: $-0.69
AI Grade: C with 78% confidence
Skillz Inc. (SKLZ) receives a C fundamental grade with 78% confidence from our AI analysis based on SEC 10-K filings. With revenue of $29.1M, net profit margin of -37.6%, and return on equity (ROE) of -10.7%, Skillz Inc. demonstrates mixed fundamentals in the Technology sector. Below is our complete SKLZ stock analysis for 2026.

Is Skillz Inc. (SKLZ) a Good Investment?

Claude

Skillz exhibits severe operational distress with accelerating losses (-$10.9M net income on $29.1M revenue) and negative operating cash flow despite modest revenue growth. While the company maintains a substantial cash buffer of $185.4M, the 1.25x debt-to-equity ratio and $128.1M debt load are unsustainable given negative interest coverage of -2.3x and inability to generate positive cash from operations.

Skillz Inc. Key Strengths (SKLZ)

Claude
  • + Strong cash position of $185.4M provides operational runway
  • + Revenue growth of 12.5% YoY demonstrates market demand for platform
  • + Asset-light business model evidenced by minimal CapEx of $363K

SKLZ Stock Risks: Skillz Inc. Investment Risks

Claude
  • ! Rapidly deteriorating profitability with net income down 50.5% YoY and EPS down 72.1% YoY
  • ! Negative operating cash flow of -$6.7M and free cash flow of -$7.1M indicate burn despite revenue generation
  • ! High leverage with $128.1M debt unable to be serviced from operations (negative -2.3x interest coverage ratio)
  • ! Undisclosed gross margin raises transparency concerns and suggests significant margin pressure
  • ! Operating margin of -30.1% indicates structural profitability challenges

Key Metrics to Watch

Claude
  • * Operating cash flow trend and path to positive OCF
  • * Gross margin disclosure and margin expansion trajectory
  • * Timeline to EBITDA positivity and operating profitability
  • * Debt paydown schedule and covenant compliance

Skillz Inc. (SKLZ) Financial Metrics & Key Ratios

Revenue
$29.1M
Net Income
$-10.9M
EPS (Diluted)
$-0.69
Free Cash Flow
$-7.1M
Total Assets
$287.3M
Cash Position
$185.4M

💡 AI Analyst Insight

Skillz Inc. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.

SKLZ Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin -30.1%
Net Margin -37.6%
ROE -10.7%
ROA -3.8%
FCF Margin -24.4%

SKLZ vs Technology Sector: How Skillz Inc. Compares

How Skillz Inc. compares to Technology sector averages

Net Margin
SKLZ -37.6%
vs
Sector Avg 18.0%
SKLZ Sector
ROE
SKLZ -10.7%
vs
Sector Avg 22.0%
SKLZ Sector
Current Ratio
SKLZ 1.1x
vs
Sector Avg 2.5x
SKLZ Sector
Debt/Equity
SKLZ 1.3x
vs
Sector Avg 0.5x
SKLZ Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Skillz Inc. Stock Overvalued? SKLZ Valuation Analysis 2026

Based on fundamental analysis, Skillz Inc. shows some fundamental concerns relative to the Technology sector in 2026.

Return on Equity
-10.7%
Sector avg: 22%
Net Profit Margin
-37.6%
Sector avg: 18%
Revenue Growth
N/A
Year-over-year
Debt/Equity
1.25x
Sector avg: 0.5x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Skillz Inc. Balance Sheet: SKLZ Debt, Cash & Liquidity

Current Ratio
1.13x
Quick Ratio
1.13x
Debt/Equity
1.25x
Debt/Assets
64.4%
Interest Coverage
-2.32x
Long-term Debt
$128.1M

SKLZ Revenue & Earnings Growth: 5-Year Financial Trend

SKLZ 5-year financial data: Year 2021: Revenue $384.1M, Net Income -$23.6M, EPS $-0.09. Year 2022: Revenue $380.2M, Net Income -$16.1M, EPS $-0.06. Year 2023: Revenue $269.7M, Net Income -$438.9M, EPS $-21.41. Year 2024: Revenue $152.1M, Net Income -$101.4M, EPS $-4.85. Year 2025: Revenue $104.5M, Net Income -$46.8M, EPS $-2.62.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Skillz Inc.'s revenue has declined by 73% over the 5-year period, indicating business contraction. The most recent EPS of $-2.62 indicates the company is currently unprofitable.

SKLZ Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-24.4%
Free cash flow / Revenue

SKLZ Quarterly Earnings & Performance

Quarterly financial performance data for Skillz Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $21.9M -$10.9M $-0.69
Q3 2025 $24.6M -$17.1M $-1.14
Q2 2025 $25.2M -$678.0K $-0.04
Q1 2025 $21.9M -$17.1M $-1.05
Q3 2024 $24.6M -$16.7M $-1.20
Q2 2024 $25.3M -$678.0K $-0.04
Q1 2024 $25.2M -$26.7M $-1.45
Q3 2023 $36.4M -$16.7M $-0.79

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Skillz Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$6.7M
Cash generated from operations
Capital Expenditures
$363.0K
Investment in assets
Dividends
None
No dividend program

SKLZ SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Skillz Inc. (CIK: 0001801661)

📋 Recent SEC Filings

Date Form Document Action
May 21, 2026 4 xslF345X06/wk-form4_1779414971.xml View →
May 21, 2026 4 xslF345X06/wk-form4_1779414956.xml View →
May 21, 2026 4 xslF345X06/wk-form4_1779414939.xml View →
May 20, 2026 8-K sklz-20260517.htm View →
May 15, 2026 10-Q sklz-20260331.htm View →

Frequently Asked Questions about SKLZ

What is the AI rating for SKLZ?

Skillz Inc. (SKLZ) has an AI grade of C with 78% confidence, based on fundamental analysis of SEC EDGAR filings.

What are SKLZ's key strengths?

Claude: Strong cash position of $185.4M provides operational runway. Revenue growth of 12.5% YoY demonstrates market demand for platform.

What are the risks of investing in SKLZ?

Claude: Rapidly deteriorating profitability with net income down 50.5% YoY and EPS down 72.1% YoY. Negative operating cash flow of -$6.7M and free cash flow of -$7.1M indicate burn despite revenue generation.

What is SKLZ's revenue and growth?

Skillz Inc. reported revenue of $29.1M.

Does SKLZ pay dividends?

Skillz Inc. does not currently pay dividends.

Where can I find SKLZ SEC filings?

Official SEC filings for Skillz Inc. (CIK: 0001801661) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is SKLZ's EPS?

Skillz Inc. has a diluted EPS of $-0.69.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is SKLZ's fundamental grade?

Based on our AI fundamental analysis in May 2026, Skillz Inc. has a C grade with 78% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is SKLZ stock overvalued or undervalued?

Valuation metrics for SKLZ: ROE of -10.7% (sector avg: 22%), net margin of -37.6% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.

What is SKLZ's AI grade for 2026?

Our dual AI analysis gives Skillz Inc. a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is SKLZ's free cash flow?

Skillz Inc.'s operating cash flow is $-6.7M, with capital expenditures of $363.0K. FCF margin is -24.4%.

How does SKLZ compare to other Technology stocks?

Vs Technology sector averages: Net margin -37.6% (avg: 18%), ROE -10.7% (avg: 22%), current ratio 1.13 (avg: 2.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 16, 2026 | Data as of: 2026-03-31 | Powered by Claude AI