Latest Ratios: P/E Ratio -2.0x · EV/EBITDA N/A · ROE -49.7%. (2018–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $138M | $67M | $90M | $130M | $208M | $2.9B | $7.4B | — | — |
| Enterprise Value | $72M | $1M | $-55622772 | $-34952150 | $134M | $2.9B | $7.1B | — | — |
| P/E Ratio → | -1.96 | — | — | — | — | — | — | — | — |
| P/S Ratio | 1.32 | 0.64 | 0.94 | 0.86 | 0.77 | 7.60 | 32.29 | — | — |
| P/B Ratio | 1.23 | 0.60 | 0.52 | 0.62 | 0.75 | 4.75 | 130.24 | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.01 | -0.58 | -0.23 | 0.50 | 7.75 | 31.14 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 87.5% | 87.5% | 86.0% | 89.9% | 88.6% | 93.4% | 94.6% | 95.2% | 95.8% |
| Operating Margin | -68.3% | -68.3% | -50.6% | -75.2% | -156.2% | -77.3% | -45.1% | -20.7% | -50.3% |
| Net Profit Margin | -67.4% | -67.4% | -50.5% | -66.6% | -162.7% | -49.4% | -65.1% | -19.7% | -54.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -49.7% | -49.7% | -25.2% | -41.5% | -98.9% | -56.4% | -395.2% | -239.1% | -2581.8% |
| ROA | -21.4% | -21.4% | -12.7% | -19.9% | -53.4% | -28.8% | -92.8% | -72.8% | -106.7% |
| ROIC | -148.3% | -148.3% | -101.6% | -68.7% | -72.7% | -96.0% | — | — | — |
| ROCE | -34.0% | -34.0% | -14.8% | -24.9% | -56.4% | -50.8% | -78.3% | -112.4% | -161.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.15 | 1.15 | 0.80 | 0.65 | 1.04 | 0.49 | — | 0.52 | 14.51 |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.59 | -0.85 | -0.79 | -0.27 | 0.09 | -4.63 | -0.86 | -6.43 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -3.61 | -3.61 | -6.25 | -34.46 | -15.55 | -168.45 | -111.43 | -8.45 | -11.68 |
Net cash position: cash ($195M) exceeds total debt ($129M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.20 | 1.20 | 5.14 | 6.31 | 10.14 | 5.91 | 5.77 | 3.35 | 2.43 |
| Quick Ratio | 1.20 | 1.20 | 5.14 | 6.31 | 10.14 | 5.91 | 5.77 | 3.35 | 2.43 |
| Cash Ratio | 1.08 | 1.08 | 4.92 | 6.06 | 9.90 | 5.61 | 5.55 | 2.45 | 2.21 |
| Asset Turnover | — | 0.36 | 0.26 | 0.38 | 0.43 | 0.37 | 0.81 | 3.09 | 1.95 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 50.34 | 18.70 | 14.26 | 9.71 | 12.26 | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 6.7% | 13.8% | 21.6% | 10.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 6.7% | 13.8% | 21.6% | 10.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $16M | $18M | $21M | $20M | $19M | $18M | $14M | $7M |
Regulatory reclassification of gaming
According to recent market data, SKLZ trades at a price-to-sales multiple of 1.32, which, when coupled with a negative P/E ratio, suggests that investors are pricing the company as a speculative turnaround play rather than a high-growth software entity compared to its broader gaming peers.
The current valuation multiples appear to reflect significant skepticism regarding the company's ability to achieve sustainable GAAP profitability. This discount relative to more diversified ad-tech and gaming peers implies that the market is heavily discounting the terminal value of the platform's user base.
Based on reported financial figures, the company's ROIC has remained consistently negative, reaching -26.5% in 2026Q1, which indicates that the business is currently destroying shareholder value rather than compounding it through its core operational activities and platform investments.
The persistent decay in returns on invested capital suggests that the company's strategy of aggressive user acquisition has failed to generate a sufficient return to cover the cost of capital. This trend warrants further investigation into whether the underlying unit economics can ever support a positive return profile.
As reported in recent quarterly filings, the company's days sales outstanding has fluctuated significantly, reaching 47 days in 2026Q1, which suggests that the platform's ability to convert user entry fees into cash is becoming increasingly volatile compared to historical performance.
The high and variable DPO figures suggest that the company may be managing its cash position by extending payment terms to developers, which could create friction in its partner ecosystem. Investors should monitor whether these efficiency metrics stabilize as the company shifts its focus toward operational discipline.
According to the company's balance sheet data, the debt-to-equity ratio has climbed to 1.26 as of 2026Q1, signaling that the company is increasingly reliant on external financing to fund its operations as its equity base continues to erode from persistent net losses.
The rising leverage ratio in the context of negative interest coverage suggests that the company's debt service capacity is becoming increasingly precarious. This trend may limit management's strategic flexibility and increase the risk of future liquidity constraints if operational losses are not curtailed.
Based on industry analysis, the most commonly misapplied metric for this business model is Gross Marketplace Volume, which obscures the company's true revenue-generating capacity by including non-cash 'Bonus Cash' incentives that do not represent actual external cash inflows to the platform.
Analysts should instead focus on net revenue and take-rate metrics to understand the actual cash-generative health of the business. Relying on GMV risks overestimating the platform's scale and masking the underlying weakness in organic, cash-paying user engagement.
Includes 30+ ratios · 8 years · Updated daily
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10-year return with dividends reinvested.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying SKLZ stock.
Skillz Inc.'s current P/E ratio is -2.0x. This places it at the 50th percentile of its historical range.
Skillz Inc.'s return on equity (ROE) is -49.7%. The historical average is -129.4%.
Based on historical data, Skillz Inc. is trading at a P/E of -2.0x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Skillz Inc. has 87.5% gross margin and -68.3% operating margin.