Similar companies
Income Statement (NONE)
| Q1 '25 | QoQ | |
|---|---|---|
| Revenue | 22M | 10% |
| Gross Profit | 19M | 13.5% |
| Cost of Revenue | 3M | 8.3% |
| Operating expense | 40M | 7% |
| Net Income | -15M | 43.5% |
| EBITDA | -13M | 49.1% |
Balance Sheet (NONE)
| Q1 '25 | QoQ | |
|---|---|---|
| Total Assets | 347M | 4.7% |
| Total Liabilities | 190M | 1.5% |
| Total Equity | 157M | 8.4% |
| Shares Outstanding | 16M | 7.5% |
Cash Flow (NONE)
| Q1 '25 | QoQ | |
|---|---|---|
| Cash from operations | -11M | 39.8% |
| Cash from financing | -4.9M | 51.7% |
EPS
Financial Highlights for Skillz in Q1 '25
Skillz reported a revenue of 22M, which is a 10% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 19M, marking a 13.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 3M, a -8.3% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 40M, showing a -7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -15M, showing a 43.5% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -13M, showing a 49.1% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Skillz with growth in revenue, gross profit, and net income.
