Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Firy Inc.FIRY · business equipment | |
|---|---|
| Grade |  Eweakest fifth of 497 graded peers; percentile 98.2, sampling error 2.2 points; lower is stronger |
| Rank | 488 of 497 |
| Profitability | C/Dpercentile 60.3 |
| Solvency | D/Epercentile 77.8 |
| Growth and financing | Epercentile 94.7 |
| Reliability | 0.87 AUCfailure model, filers with $120M to $591M assets; 95% interval 0.83 to 0.90; 206 events, 2020 to 2025 |
| Peer failure rate | 1.03% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $120M to $591M assetstotal assets $293.5M[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | late filer · fortress balance sheetnot computable: dilution, distress |
| Inputs computable | 7 of 14 |
| Graded from | filings received through Mar 31, 2026192 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $11.982026-10-08; market equity $221.5M; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Mar 31, 2026; the document on sec.gov.
In this Annual Report, when we use the terms the “Company,” “Skillz,” “we,” “us” and “our,” unless otherwise indicated or the context otherwise requires, we are referring to Skillz Inc. and its wholly-owned subsidiaries. We were founded on one simple belief: competition holds the power to unleash possibilities in all of us. We are all born with skills and when we are able to apply those skills through competition, we can achieve great things. That is the guiding principle behind why we are advancing competitive mobile gaming. Our Company’s mission is to bring out the best in everyone through competition.
Warnings [top]
7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 60.3 | |||||||
| Gross profitability | 31.2% | [1-2,5] | 28.5% | 41.3 | 558 | 2025-12-31 | |
| Return on invested capital | not computable | 10.9% | |||||
| pretax income must exceed the validity floor and imply a 0%-100% tax rate | |||||||
| Accruals ratio | (0.4%) | [1,6-8] | (7.4%) | 84.8 | 621 | 2025-12-31 | |
| Gross margin stability, five years | 2.6 pts | [2,5,9-16] | 2.4 pts | 54.7 | 429 | 2025-12-31 | |
| Solvency, sleeve percentile 77.8 | |||||||
| Twelve-month failure probability | not computable | 0.05% | |||||
| liabilities and a nearby cover-page share count are required at 2026-06-30 | |||||||
| Altman Z double-prime | (12.15) | [1,17-22] | 2.18 | 83.2 | 566 | 2025-12-31 | |
| Net debt to EBITDA | not computable | 1.11x | |||||
| EBITDA must exceed $100,000 | |||||||
| Interest coverage | not computable | 3.77x | |||||
| latest aligned inputs end 2023-12-31; latest annual assets end 2025-12-31 | |||||||
| Current ratio | 1.20x | [17-18] | 2.02x | 72.5 | 666 | 2025-12-31 | |
| Growth and financing, sleeve percentile 94.7 | |||||||
| Revenue growth, three-year compound | (27.1%) | [2,9,11,13] | 6.4% | 95.7 | 538 | 2025-12-31 | |
| Free cash flow growth, three-year compound | not computable | 17.2% | |||||
| current FCF must be positive and base FCF must exceed $100,000 | |||||||
| Reinvestment rate | not computable | 14.3% | |||||
| pretax income must exceed the validity floor and imply a 0%-100% tax rate | |||||||
| Asset growth, three years | (22.1%) | [1,8,23-24] | 5.0% | 93.6 | 563 | 2025-12-31 | |
| Net share issuance, one year | not computable | 0.5% | |||||
| prior share count is 1 days earlier | |||||||
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.572; sampling error 2.2 percentile points on 497 peers.
Among 497 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 483 | Astrotech Corp. (ASTC) Astrotech Corp. (ASTC) Eweakest fifth; percentile 97.2 Nasdaq · Laboratory Analytical Instruments market equity $13.7M; last close $6.89 Warnings: distress, fortress balance sheet; 9 of 14 inputs | 97.2 | E | distress, fortress balance sheet |
| 484 | Healthcare Triangle, Inc. (HCTI) Healthcare Triangle, Inc. (HCTI) Eweakest fifth; percentile 97.4 Nasdaq · Services-Computer Integrated Systems Design market equity $7.6M; last close $0.51 Warnings: dilution, short runway, late filer; 8 of 14 inputs | 97.4 | E | dilution, short runway, late filer |
| 485 | Flux Power Holdings, Inc. (FLUX) Flux Power Holdings, Inc. (FLUX) Eweakest fifth; percentile 97.6 Nasdaq · Miscellaneous Electrical Machinery, Equipment & Supplies market equity $10.0M; last close $0.46 Warnings: dilution, short runway, late filer; 7 of 14 inputs | 97.6 | E | dilution, short runway, late filer |
| 486 | Palladyne AI Corp. (PDYN) Palladyne AI Corp. (PDYN) Eweakest fifth; percentile 97.9 Nasdaq · Services-Prepackaged Software last close $5.12 No active warnings; 7 of 14 inputs | 97.9 | E | |
| 487 | Palladyne AI Corp. (PDYNW) Palladyne AI Corp. (PDYNW) Eweakest fifth; percentile 97.9 Nasdaq · Services-Prepackaged Software last close $0.00 No active warnings; 7 of 14 inputs | 97.9 | E | |
| 488 | Firy Inc. (FIRY) Firy Inc. (FIRY) Eweakest fifth; percentile 98.2 NYSE · Services-Computer Processing & Data Preparation market equity $222.2M; last close $11.98 Warnings: late filer, fortress balance sheet; 7 of 14 inputs | 98.2 | E | late filer, fortress balance sheet |
| 489 | Rackspace Technology, Inc. (RXT) Rackspace Technology, Inc. (RXT) Eweakest fifth; percentile 98.4 Nasdaq · Services-Computer Programming, Data Processing, Etc. market equity $922.6M; last close $3.63 Warnings: late filer; 10 of 14 inputs | 98.4 | E | late filer |
| 490 | Focus Universal Inc. (FCUV) Focus Universal Inc. (FCUV) Eweakest fifth; percentile 98.6 Nasdaq · Industrial Instruments For Measurement, Display, and Control market equity $3.1M; last close $4.60 Warnings: dilution, distress; 8 of 14 inputs | 98.6 | E | dilution, distress |
| 491 | ZW Data Action Technologies Inc. (CNET) ZW Data Action Technologies Inc. (CNET) Eweakest fifth; percentile 98.8 Nasdaq · Services-Computer Programming, Data Processing, Etc. market equity $5.4M; last close $1.62 Warnings: dilution, late filer; 8 of 14 inputs | 98.8 | E | dilution, late filer |
| 492 | Sports Entertainment Gaming Global Corp. (LTRYW) Sports Entertainment Gaming Global Corp. (LTRYW) Eweakest fifth; percentile 99.1 Nasdaq · Services-Prepackaged Software last close $0.00 Warnings: short runway, late filer; 7 of 14 inputs | 99.1 | E | short runway, late filer |
| 493 | Sports Entertainment Gaming Global Corp. (SEGG) Sports Entertainment Gaming Global Corp. (SEGG) Eweakest fifth; percentile 99.1 Nasdaq · Services-Prepackaged Software last close $1.88 Warnings: short runway, late filer; 7 of 14 inputs | 99.1 | E | short runway, late filer |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | E | 97.3 | 2204 |
| sector peers, equal sleeves (the grade) | E | 98.2 | 497 |
| same exchange, equal sleeves | E | 98.6 | 984 |
| sector peers, equal inputs | E | 97.2 | 497 |
Each letter is one fifth of the 497 graded peers, about 99 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | 23.6% | 2.2% | 68 | hotter than 68 of 100 peers |
| Distance from 52-week high | (8.2%) | (30.0%) | 82 | closer to its high than 82 of 100 peers |
| EBIT to enterprise value | (34.2%) | 1.5% | 10 | pricier than 90 of 100 peers |
| Free cash flow yield | (31.6%) | 2.7% | 10 | pricier than 90 of 100 peers |
| Book value to price | 0.38 | 0.23 | 64 | pricier than 36 of 100 peers |
| Sales to price | 0.47 | 0.30 | 61 | pricier than 39 of 100 peers |
| Composite equity issuance, five years | not computable | 3.9% | a share count from five years earlier is required | |
| Relative strength against the sector, log excess return | (0.07) | (0.26) | 68 | ahead of 68 of 100 peers |
Inputs: market equity $222.2M; EBIT -$63.9M; free cash flow -$70.3M; book equity $84.5M; sales $104.5M; debt $128.6M; cash $164.0M[25].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2025-12-31 | ||
|---|---|---|
| Return on assets above zero | (18.8%) | ✗ fail[6,8] |
| Operating cash flow above zero | -$68.9M | ✗ fail[7] |
| Return on assets improved | (7.0 pts) | ✗ fail[6,8,23,26] |
| Operating cash flow exceeds net income | $1.5M | ✓ pass[6-7] |
| Long-term leverage fell | (32.6 pts) | ✓ pass[1,8,23,27-28] |
| Current ratio improved | (340.2 pts) | ✗ fail[17-18,29-30] |
| No new shares issued | n/a[25,31] | |
| Gross margin improved | 1.9 pts | ✓ pass[2,5,9-10] |
| Asset turnover improved | 4.5 pts | ✓ pass[2,8-9,23] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $164.0M[32] |
| Operating cash flow, four quarters | -$61.8M[7,32-36] |
| Months of runway | 31.8 |
| Late filings, two years | 5 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 51 |
| 10-Q received Aug 19, 2026 | |
| Median daily dollar volume | $1.4M |
| 63 sessions | |
| Days since newest grade input | 192 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $293.5M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $104.5M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 3 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $194.5M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 4 | total debt | us-gaap:LongTermDebt | $127.6M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 5 | cost of revenue | us-gaap:CostOfRevenue | $13.1M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 6 | net income | us-gaap:NetIncomeLoss | -$70.4M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 7 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$68.9M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 8 | assets | us-gaap:Assets | $374.3M | 2024-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 9 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $92.9M | 2024-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 10 | cost of revenue | us-gaap:CostOfRevenue | $13.4M | 2024-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 11 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $152.1M | 2023-12-31 | 2025-11-06 | 10-K | filing · viewer · series |
| 12 | cost of revenue | us-gaap:CostOfRevenue | $15.4M | 2023-12-31 | 2025-11-06 | 10-K | filing · viewer · series |
| 13 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $269.7M | 2022-12-31 | 2024-08-29 | 10-K | filing · viewer · series |
| 14 | cost of revenue | us-gaap:CostOfRevenue | $30.7M | 2022-12-31 | 2024-08-29 | 10-K | filing · viewer · series |
| 15 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $380.2M | 2021-12-31 | 2023-03-31 | 10-K | filing · viewer · series |
| 16 | cost of revenue | us-gaap:CostOfRevenue | $25.2M | 2021-12-31 | 2023-03-31 | 10-K | filing · viewer · series |
| 17 | current assets | us-gaap:AssetsCurrent | $216.5M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 18 | current liabilities | us-gaap:LiabilitiesCurrent | $180.7M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 19 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | -$1.1B | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 20 | operating income | us-gaap:OperatingIncomeLoss | -$63.9M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 21 | book equity | us-gaap:StockholdersEquity | $111.8M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 22 | liabilities | us-gaap:Liabilities | $181.6M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 23 | assets | us-gaap:Assets | $395.8M | 2023-12-31 | 2025-11-06 | 10-K | filing · viewer · series |
| 24 | assets | us-gaap:Assets | $621.3M | 2022-12-31 | 2024-08-29 | 10-K | filing · viewer · series |
| 25 | shares outstanding | us-gaap:CommonStockSharesOutstanding | 369,797,524 | 2020-12-16 | 2023-03-31 | 10-K | filing · viewer · series |
| 26 | net income | us-gaap:NetIncomeLoss | -$46.8M | 2024-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 27 | long term debt | us-gaap:LongTermDebtNoncurrent | $0 | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 28 | long term debt | us-gaap:LongTermDebtNoncurrent | $125.7M | 2024-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 29 | current assets | us-gaap:AssetsCurrent | $303.2M | 2024-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 30 | current liabilities | us-gaap:LiabilitiesCurrent | $65.9M | 2024-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 31 | shares outstanding | us-gaap:CommonStockSharesOutstanding | 56,620,419 | 2020-12-15 | 2021-05-13 | 10-K/A | filing · viewer · series |
| 32 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $164.0M | 2026-06-30 | 2026-08-19 | 10-Q | filing · viewer · series |
| 33 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$24.7M | 2026-06-30 | 2026-08-19 | 10-Q | filing · viewer · series |
| 34 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$6.7M | 2026-03-31 | 2026-05-15 | 10-Q | filing · viewer · series |
| 35 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$56.2M | 2025-09-30 | 2025-12-11 | 10-Q | filing · viewer · series |
| 36 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$31.7M | 2025-06-30 | 2026-08-19 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 98.2 is 18.2 points from the nearest band edge; sampling error is 2.2 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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