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Skillz Inc (SKLZ)
NYSECommunication ServicesElectronic Gaming & MultimediaSnapshot 2026-06-16
Watch· this week
$8.30-6.21%
Close 2026-06-16 · 1-day change
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
The bottom line
Recent financial performance is weak. Earnings quality cannot be assessed since the company was unprofitable over the past year. Management's recent track record has been unsteady, with frequent changes. Risk is high, and the sector backdrop is a headwind. Compared with sector peers, SKLZ trades below typical levels. Peer multiples imply a price about 76% above where it trades (it looks cheap on this basis); the read is cheap, value-trap risk. This pattern occurs because it trades below peer multiples, but recent financials are weak. The read is provisional.
as of 2026-06-16
Quick facts
- Exchange
- NYSE
- Sector
- Communication Services
- Industry
- Electronic Gaming & Multimedia
- Market cap
- $138.13M
- Employees
- 370
- IPO date
- 2020-02-11
- Next earnings
- 2026-08-06
Price
Daily closes. Earnings/event dots are placed inline.
Adjusted daily closes (split & dividend). Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event
What's priced in
(what the market already expects)What it's worth (estimated)
A consensus fair price across 2 valuation methods, at three horizons. Current price $8.30. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
12-month· primaryinexpensive
$35.36consensus
Range $22.04 – $48.69
vs price: -77% below
Method agreement — · 2 methods
No-growth: today's peer multiple on trailing earnings. The headline read.
3-yearinexpensive
$16.69consensus
Range $10.28 – $23.10
vs price: -50% below
Method agreement — · 2 methods
Embeds projected growth. Leans optimistic by design. Upside context.
5-yearfair
How much to trust our fair value
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
Aligned with peerslow confidence
At $8.86 SKLZ trades at 1× p/s, in line with its 1× p/s peer median. Our $35 fair value reflects that, low confidence. Not investment advice.
Multiple (P/S)
1.5x
peer 1.4x · own history —
Premium
1.1x peer
Growth the price needs
-75%
our forecast 8%
Our fair value
$35.21
range $21.80 – $48.62
WhyValuation methods disagreeEarnings too small for P/E
How this stock is priced
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Long-term · 1–3 yr
inexpensivecheap — value-trap risk12-month view
What's priced inJustified
The price implies about 75% below a flat-multiple fair value, below our forecast of about 8%. This describes what's priced in, not a forecast of the move.
TTM earnings are negative, so the read leans on sales- and cash-flow-based methods rather than P/E. This is a data condition, not a forward call.
Low fragilityrisk posture, not a price call
No fragility gates fired. Regime (Crisis) does not concentrate fragility.
Historical context
How strong is the business
(quality & execution)Factor signals
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Recent financial performance
weakOperating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Communication Services names rated weak grew net income 59% of the time over the next year (vs 53% for the rest of the cohort, n=701).
23rd pctl · Communication Services
Earnings quality
loss makingOver the trailing year it converted 1.01x of net income into operating cash flow.
Macro sensitivity
Not enough signal yet.
Not enough signal to read sensitivity to the broad stock market, long-term interest rates, the US dollar, real (inflation-adjusted) rates, Fed net liquidity.
Management & capital allocation
volatile13 material management or governance events in the past 24 months, led by executive changes. Historically, Communication Services names rated volatile grew net income 60% of the time over the next year (vs 59% for the rest of the cohort, n=200).
Earnings setup & market context
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
Earnings setup · pre-print positioning
forward-looking
Strongly bearish1 analysts, 0% Buyfor period ending 2026-06-30
Why this setup
Consensus revisions
EPS estimate $0.00 → $-0.99. 0 raised, 1 cut, 1 covering analysts.
Rating actions
0 upgrades, 0 downgrades / 30d. 0% of analysts rate Buy.
Material events
0 positive, 0 negative / 30d.
Sector context
Intermediate · WeeklySector phase: communication services is in declining, with may be transitioning (~0.2 years in phase).
Sector regime (90d momentum): headwind.Secular epoch: by revenue growth.Management scorecard
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Long-term · 1–3 yr
Overall: weak
- Capital allocation
- weak
- Earnings discipline
- neutral
- Margin discipline
- weak
- Balance sheet
- neutral
- Post-call reaction
- neutral
A guidance track record builds as the company issues and delivers on guidance.
as of 2026-06-16
How bumpy is the path
(risk while you hold it)Risk: how this stock moves
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
Intermediate · WeeklyLong-term · 1–3 yr
On a typical day, $10k can swing ±$368.
How much price usually moves either way.
On a bad day, this stock has moved -$784.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $7,492.
Deepest peak-to-trough drop in the last year.
highas of 2026-06-16
Past results, not a forecast. Not investment advice.
What would change the read
(catalysts & re-read triggers)What changed
The most important moves since the prior daily snapshot.
Short-term · Daily
- No material changes since the prior snapshot.
No material changes since the prior snapshot.
as of 2026-06-16
What to watch next
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Intermediate · Weekly
- UpsideMedium confidenceQuartersactive 4d
Watch for Skillz Inc. reporting Q2 revenue growth turning positive
Why it matters: If Skillz grows its revenue, it may improve in a shrinking market.
What confirms / what disproves
Confirms:Q2 revenue growth reported at greater than 0% year over year.
Disproves:Q2 revenue growth remains negative year over year.
Sector context
as of 2026-06-15
News catalysts
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for SKLZ yet.
This sector is also watching
- Watch for revenue growth cooling below 10% YoY
What could change this view
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Intermediate · Weekly
Upside triggers
- If sector bellwethers like NTES, EA, and TTWO keep beating earnings and guiding higher, the Communication Services sector momentum should keep lifting SKLZ and other Communication Services names. Worth watching these names for early signals.
- If the Fed starts cutting rates from the current 3.62%, that would be a tailwind for SKLZ and other Communication Services names, since rate-sensitive parts of the market tend to rally when the Fed eases.
Downside triggers
- If sector bellwethers like NTES, EA, and TTWO start missing or guiding lower, the Communication Services tailwind helping SKLZ and other Communication Services names could fade. Watch these names for early warning.
- If GDP growth slows materially from the current 2.6% (say, below 2%), it hits SKLZ and other Communication Services names harder than the average stock, since the sector is growth-sensitive.
- If SKLZ misses again next quarter like this past one (a solid miss of -19% on the 2026-03-31 print), expect continued pressure. The Street usually keeps walking estimates down after consecutive misses.
Recent events
(material 8-K / filing activity)Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
- 2026-05-2028d agoItem 5.02
Departure of Directors or Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of New Chief Financial Officer On May 17, 2026, the Board of Directors (the “Board”) approved the appointment of Robert Alex Walsh, effective as of July 13, 2026 (the “Effective Date”), as the Chief Financial Officer of Skillz Inc. (the “Company”), succeeding Mr. Gaetano Franceschi in such role. Mr. Walsh, 41, has most recently served…
Executive changeneutral
Score history
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
About the same as last weeklatest as of 2026-06-16
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.