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Skillz Inc. (SKLZ) 10-Year Financial Performance & Capital Metrics

SKLZ • • Industrial / General
TechnologyGaming & MultimediaEsports & Competitive GamingEsports Tournament Platforms
AboutSkillz Inc. operates a mobile games platform that connects players in fair, fun, and meaningful competition. The company primarily develops and supports a proprietary online-hosted technology platform that enables independent game developers to host tournaments and provide competitive gaming activity to end-users worldwide. It also hosts casual esports tournaments to a range of mobile players. The company distributes games through direct app download from its website, as well as through third-party platforms. Skillz Inc. was founded in 2012 and is headquartered in San Francisco, California.Show more
  • Revenue $95M -37.2%
  • EBITDA -$47M +58.4%
  • Net Income -$48M +52.4%
  • EPS (Diluted) -2.70 +44.3%
  • Gross Margin 85.96% -4.4%
  • EBITDA Margin -49.01% +33.7%
  • Operating Margin -50.65% +32.6%
  • Net Margin -50.52% +24.2%
  • ROE -25.25% +39.1%
  • ROIC -101.62% -47.9%
  • Debt/Equity 0.80 +22.5%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Share count reduced 14.6% through buybacks
  • ✓Trading at only 0.4x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 10 (bottom 10%)
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-4.45%
3Y-36.91%
TTM-48.45%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM29.34%

EPS CAGR

10Y-
5Y-
3Y-
TTM-84%

ROCE

10Y Avg-71.31%
5Y Avg-45.06%
3Y Avg-32.05%
Latest-14.81%

Peer Comparison

Esports Tournament Platforms
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
TBHBrag House Holdings, Inc.9.64M0.46-1.48-99.97%-10391.82%-3.13%
SKLZSkillz Inc.49.75M4.26-1.58-37.23%-48.15%-20.73%0.80

Profit & Loss

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+50.78M119.87M229.05M380.15M269.71M152.08M95.47M
Revenue Growth %-1.36%0.91%0.66%-0.29%-0.44%-0.37%
Cost of Goods Sold+2.11M5.71M12.28M25.24M30.72M15.38M13.4M
COGS % of Revenue0.04%0.05%0.05%0.07%0.11%0.1%0.14%
Gross Profit+48.67M114.16M216.77M354.91M238.99M136.7M82.06M
Gross Margin %0.96%0.95%0.95%0.93%0.89%0.9%0.86%
Gross Profit Growth %-1.35%0.9%0.64%-0.33%-0.43%-0.4%
Operating Expenses+74.21M138.99M319.96M648.73M660.35M250.99M130.41M
OpEx % of Revenue1.46%1.16%1.4%1.71%2.45%1.65%1.37%
Selling, General & Admin66.66M127.75M296.73M602.49M440.03M219.51M159.22M
SG&A % of Revenue1.31%1.07%1.3%1.58%1.63%1.44%1.67%
Research & Development7.55M11.24M23.23M46.23M52.27M28.15M17.2M
R&D % of Revenue0.15%0.09%0.1%0.12%0.19%0.19%0.18%
Other Operating Expenses-45K000168.05M3.33M-46M
Operating Income+-25.55M-24.83M-103.19M-293.81M-421.36M-114.29M-48.35M
Operating Margin %-0.5%-0.21%-0.45%-0.77%-1.56%-0.75%-0.51%
Operating Income Growth %-0.03%-3.16%-1.85%-0.43%0.73%0.58%
EBITDA+-25.14M-24.12M-101.58M-282.15M-403.49M-112.33M-46.78M
EBITDA Margin %-0.5%-0.2%-0.44%-0.74%-1.5%-0.74%-0.49%
EBITDA Growth %-0.04%-3.21%-1.78%-0.43%0.72%0.58%
D&A (Non-Cash Add-back)404K711K1.61M11.66M17.87M1.96M1.57M
EBIT-25.59M-21.11M-147.64M-205.84M-412.68M-98.27M-94.35M
Net Interest Income+-2.19M-2.5M-1.32M-1.22M-26.55M-2.85M298K
Interest Income000000298K
Interest Expense2.19M2.5M1.32M1.22M26.55M2.85M-
Other Income/Expense-2.23M1.22M-45.77M86.75M-17.86M13.17M183K
Pretax Income+-27.78M-23.61M-148.96M-207.06M-439.22M-101.12M-48.17M
Pretax Margin %-0.55%-0.2%-0.65%-0.54%-1.63%-0.66%-0.5%
Income Tax+-45K0115K-19.14M-345K239K61K
Effective Tax Rate %1%1%1%0.91%1%1%1%
Net Income+-27.78M-23.61M-149.08M-187.93M-438.88M-101.36M-48.23M
Net Margin %-0.55%-0.2%-0.65%-0.49%-1.63%-0.67%-0.51%
Net Income Growth %-0.15%-5.32%-0.26%-1.34%0.77%0.52%
Net Income (Continuing)-27.78M-23.61M-149.08M-187.93M-438.88M-101.36M-48.23M
Discontinued Operations0000000
Minority Interest0000000
EPS (Diluted)+-4.18-2.06-6.62-9.34-21.41-4.85-2.70
EPS Growth %-0.51%-2.21%-0.41%-1.29%0.77%0.44%
EPS (Basic)-4.18-2.06-6.62-9.43-21.41-4.85-2.70
Diluted Shares Outstanding6.65M14.45M18.49M19.43M20.5M20.89M17.85M
Basic Shares Outstanding6.65M14.45M18.49M19.23M20.5M20.89M17.85M
Dividend Payout Ratio-------

Balance Sheet

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+24.78M35.09M273.22M589.86M501.68M324.69M294.4M
Cash & Short-Term Investments22.54M25.63M262.73M560.39M489.78M302.03M281.92M
Cash Only22.54M25.63M262.73M241.33M362.52M302.03M281.92M
Short-Term Investments000319.06M127.27M00
Accounts Receivable00012.77M7.18M5.94M4.89M
Days Sales Outstanding---12.269.7114.2618.7
Inventory0000000
Days Inventory Outstanding-------
Other Current Assets1.79M7M865K1.5M1.49M12.36M7.59M
Total Non-Current Assets+1.25M3.76M9.2M431.26M119.61M71.14M69.77M
Property, Plant & Equipment1.17M3.65M5.29M24.5M3.46M14.55M16.25M
Fixed Asset Turnover43.29x32.86x43.28x15.52x77.88x10.45x5.88x
Goodwill00085.87M000
Intangible Assets00079.14M000
Long-Term Investments000238.28M112.38M53.89M52.77M
Other Non-Current Assets79K116K3.91M3.48M3.77M2.69M755K
Total Assets+26.03M38.86M282.42M1.02B621.29M395.83M364.17M
Asset Turnover1.95x3.09x0.81x0.37x0.43x0.38x0.26x
Asset Growth %-0.49%6.27%2.62%-0.39%-0.36%-0.08%
Total Current Liabilities+10.21M10.48M47.36M99.82M49.49M49.86M57.25M
Accounts Payable3M2.94M22.04M19.75M1.7M1.71M9.8M
Days Payables Outstanding518.12188.09655.01285.6220.1540.63266.76
Short-Term Debt875K000001.54M
Deferred Revenue (Current)0000000
Other Current Liabilities4.28M1.96M6.61M24.39M13.97M8.57M45.91M
Current Ratio2.43x3.35x5.77x5.91x10.14x6.51x5.14x
Quick Ratio2.43x3.35x5.77x5.91x10.14x6.51x5.14x
Cash Conversion Cycle-------
Total Non-Current Liabilities+14.74M9.71M178.28M312.15M293.4M135.48M135.32M
Long-Term Debt14.74M9.63M0278.89M272.78M123.94M125.65M
Capital Lease Obligations00013.57M11.94M10.57M9.34M
Deferred Tax Liabilities0000000
Other Non-Current Liabilities082K178.28M19.69M8.68M971K333K
Total Liabilities24.95M20.19M225.63M411.96M342.89M185.34M192.58M
Total Debt+15.62M9.63M0297.01M288.38M136.7M136.54M
Net Debt-6.92M-16M-262.73M55.68M-74.14M-165.32M-145.39M
Debt / Equity14.51x0.52x-0.49x1.04x0.65x0.80x
Debt / EBITDA-------
Net Debt / EBITDA-------
Interest Coverage-11.66x-9.94x-77.88x-240.44x-15.87x-40.07x-
Total Equity+1.08M18.66M56.79M609.16M278.4M210.49M171.59M
Equity Growth %-16.35%2.04%9.73%-0.54%-0.24%-0.18%
Book Value per Share0.161.293.0731.3613.5810.079.62
Total Shareholders' Equity1.08M18.66M56.79M609.16M278.4M210.49M171.59M
Common Stock1K29K37K40K1K1K1K
Retained Earnings-78.54M-90.26M-238.31M-434.23M-873.11M-974.47M-1.02B
Treasury Stock00000-13M-32.35M
Accumulated OCI000-248K-1.56M-7K0
Minority Interest0000000

Cash Flow

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-16.95M-21.94M-56.23M-180.15M-179.6M-71.76M-7.19M
Operating CF Margin %-0.33%-0.18%-0.25%-0.47%-0.67%-0.47%-0.08%
Operating CF Growth %--0.29%-1.56%-2.2%0%0.6%0.9%
Net Income-27.78M-23.61M-149.08M-187.93M-438.88M-101.36M-48.23M
Depreciation & Amortization404K711K1.61M11.66M17.87M1.96M3.29M
Stock-Based Compensation6.68M1.24M23.76M60.33M108.2M43.69M30.09M
Deferred Taxes45K00-19.38M-698K00
Other Non-Cash Items1.29M-1.51M48.64M-87.14M166.33M-9.03M8.07M
Working Capital Changes2.42M1.23M18.84M42.29M-32.43M-7.03M-410K
Change in Receivables000931K5.59M1.24M1.05M
Change in Inventory0000000
Change in Payables1.85M-54K10.73M6.26M-17.22M16K0
Cash from Investing+-867K-3.22M-3.25M-643.92M311.39M168.3M-1.63M
Capital Expenditures-867K-3.22M-3.25M-3.24M-1.89M-13.24M-2.76M
CapEx % of Revenue0.02%0.03%0.01%0.01%0.01%0.09%0.03%
Acquisitions-------
Investments-------
Other Investing00000-2M1.13M
Cash from Financing+33.33M31.17M296.58M802.68M-10.61M-149.95M-21.29M
Debt Issued (Net)-------
Equity Issued (Net)-------
Dividends Paid0000000
Share Repurchases-------
Other Financing192K197K232.51M121.23M-7.99M-135.85M-1.44M
Net Change in Cash-------
Free Cash Flow+-17.82M-25.16M-59.48M-183.39M-181.49M-84.99M-9.95M
FCF Margin %-0.35%-0.21%-0.26%-0.48%-0.67%-0.56%-0.1%
FCF Growth %--0.41%-1.36%-2.08%0.01%0.53%0.88%
FCF per Share-2.68-1.74-3.22-9.44-8.85-4.07-0.56
FCF Conversion (FCF/Net Income)0.61x0.93x0.38x0.96x0.41x0.71x0.15x
Interest Paid0269K815K180K30.33M18.33M0
Taxes Paid00000400K0

Key Ratios

Metric2018201920202021202220232024
Return on Equity (ROE)-2581.78%-239.15%-395.16%-56.44%-98.89%-41.47%-25.25%
Return on Invested Capital (ROIC)----96.04%-72.72%-68.73%-101.62%
Gross Margin95.84%95.23%94.64%93.36%88.61%89.89%85.96%
Net Margin-54.71%-19.69%-65.09%-49.43%-162.72%-66.65%-50.52%
Debt / Equity14.51x0.52x-0.49x1.04x0.65x0.80x
Interest Coverage-11.66x-9.94x-77.88x-240.44x-15.87x-40.07x-
FCF Conversion0.61x0.93x0.38x0.96x0.41x0.71x0.15x
Revenue Growth-136.07%91.08%65.97%-29.05%-43.61%-37.23%

Revenue by Segment

202120222023
Advertising--12.87M
Advertising Growth---

Revenue by Geography

202120222023
UNITED STATES320.11M206.07M133.48M
UNITED STATES Growth--35.63%-35.22%
Non-US63.98M63.64M7.81M
Non-US Growth--0.53%-87.73%
ISRAEL--4.48M
ISRAEL Growth---
CHINA--3.23M
CHINA Growth---
MALTA--3.08M
MALTA Growth---

Frequently Asked Questions

Growth & Financials

Skillz Inc. (SKLZ) reported $54.7M in revenue for fiscal year 2024. This represents a 8% increase from $50.8M in 2018.

Skillz Inc. (SKLZ) saw revenue decline by 37.2% over the past year.

Skillz Inc. (SKLZ) reported a net loss of $26.4M for fiscal year 2024.

Dividend & Returns

Skillz Inc. (SKLZ) has a return on equity (ROE) of -25.2%. Negative ROE indicates the company is unprofitable.

Skillz Inc. (SKLZ) had negative free cash flow of $80.3M in fiscal year 2024, likely due to heavy capital investments.

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