Skillz (SKLZ) Cash Flow: Operating & Free Cash Flow

Skillz Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Skillz Inc. (SKLZ) - Annual data in millions USD
Breakdown	FY 2025	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period ending	Mar 2026	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Operating Activities
Net Income	-70.41	-70.41	-46.79	-101.36	-438.88	-187.93	-149.08	-23.61	-27.78
Depreciation & Amortization	1.38	1.38	1.67	1.96	17.87	11.67	1.61	0.71	0.40
Deferred Income Tax	0.00	-	0.00	0.00	-0.70	-19.38	0.00	0.00	0.05
Stock Based Compensation	19.58	19.58	30.02	43.69	108.20	60.33	23.76	1.24	6.68
Change in Working Capital	-21.71	-21.71	6.11	-7.03	-32.43	42.29	18.84	1.23	2.42
Change in Accounts Receivable	-9.51	-9.51	0.83	1.24	5.59	0.93	0.00	0.00	0.00
Change in Accounts Payable	0.41	0.41	7.02	0.02	-17.22	6.26	10.73	-0.05	1.85
Change in Other Working Capital	-12.61	2.24	-1.75	-3.98	-20.80	35.10	8.11	1.28	0.57
Other Operating Activities	2.23	2.24	1.93	-9.03	166.33	-87.14	48.64	-1.51	1.29
Net Cash from Operating Activities	-68.93	-68.93	-7.07	-71.76	-179.60	-180.15	-56.23	-21.94	-16.95
Investing Activities
Capital Expenditures	-1.40	-6.14	-2.51	-13.24	-1.89	-3.24	-3.25	-3.22	-0.87
Acquisitions	0.00	-	0.00	0.00	-313.28	-83.99	0.00	0.00	0.00
Purchases of Investments	0.00	-	0.00	183.54	-454.09	-558.80	0.00	0.00	0.00
Sales/Maturities of Investments	0.00	-	1.14	183.54	767.37	2.10	0.00	0.00	0.00
Other Investing Activities	-4.73	-	0.00	-2.00	313.28	0.00	0.00	0.00	0.00
Net Cash from Investing Activities	-6.14	-6.14	-1.63	168.30	311.39	-643.92	-3.25	-3.22	-0.87
Financing Activities
Debt Repayment	-0.46	-0.46	-0.50	-135.86	-2.61	279.32	-10.00	6.06	14.92
Common Stock Issued	-1.26	-1.26	0.00	0.00	0.00	402.14	0.00	0.00	18.41
Common Stock Repurchased	-9.26	-9.26	-19.35	-13.00	0.00	0.00	-1.34	0.00	0.00
Other Financing Activities	0.00	-0.46	-1.44	-1.10	-7.99	121.23	307.92	25.11	18.41
Net Cash from Financing Activities	-10.98	-10.98	-21.29	-149.95	-10.61	802.68	296.58	31.17	33.33
Summary
Effect of Forex Changes on Cash	-0.37	-0.37	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Change in Cash	-86.41	-86.41	-30.11	-53.41	121.18	-21.40	237.10	6.01	15.52
Cash at Beginning of Period	281.92	281.92	312.03	365.44	244.25	265.65	28.55	22.54	7.03
Cash at End of Period	195.51	195.51	281.92	312.03	365.44	244.25	265.65	28.55	22.54
Free Cash Flow	-70.33	-75.06	-9.58	-84.99	-181.49	-183.39	-59.48	-25.16	-17.82
Supplemental Disclosures
Interest Paid	-	-	13.39	18.33	30.33	0.18	0.82	-	-
Income Taxes Paid	-	-	0.18	0.40	-	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Mar 31, 2026. Data sources and methodology

Frequently Asked Questions About Skillz Cash Flow

What is Skillz's free cash flow?

Skillz had negative free cash flow of $70.33M in fiscal 2025 (fiscal year ended Mar 31, 2026), operating cash flow of −$68.93M minus $1.40M of capital expenditures.

How much does Skillz spend on capital expenditures?

Skillz spent $1.40M on capital expenditures in fiscal 2025, compared with $2.51M a year earlier.

Does Skillz pay dividends or buy back shares?

Yes. In fiscal 2025 Skillz returned $9.26M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition