Skillz (SKLZ) Interest Expenses (2020 - 2023)
Skillz (SKLZ) recorded quarterly Interest Expenses of $2.3 million in Q3 2023, up 33.12% on a QoQ basis from $1.7 million in Q2 2023, and down 64.17% year-over-year from $6.4 million in Q3 2022.
Skillz (SKLZ) Interest Expenses (2020 - 2023) Analysis & Trends
Skillz has disclosed Interest Expenses across 4 years of filings, most recently posting $2.3 million for Q3 2023.
- Quarterly Interest Expenses fell 64.17% year-over-year to $2.3 million in Q3 2023, while the trailing twelve-month figure through Jun 2024 was $2.3 million (down 83.05% YoY) and the FY2022 annual result came in at $24.0 million, up 1863.34% from the prior year.
- Interest Expenses grew to $2.3 million in Q3 2023, from $1.7 million in the prior quarter.
- Over five years, Interest Expenses peaked at $8.2 million in Q1 2022 and troughed at $24000.0 in Q3 2020.
- A 4-year average of $2.3 million and a median of $1.1 million in 2021 frame the typical range for Interest Expenses.
- Annual changes were most pronounced in 2021 — Interest Expenses plunged 97.39% — and 2022, when it soared 33887.5%.
- Tracing SKLZ's Interest Expenses over 4 years: stood at $28000.0 in 2020, then surged by 3778.57% to $1.1 million in 2021, then soared by 73.02% to $1.9 million in 2022, then rose by 21.29% to $2.3 million in 2023.
- Business Quant data shows SKLZ's Interest Expenses at $2.3 million in Q3 2023, $1.7 million in Q2 2023, and $3.5 million in Q1 2023.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Electronic Arts | 50.76 Bn | 47.89 Bn | 1.76 Bn | - |
| 2 | Take Two Interactive Software | 42.04 Bn | 40.05 Bn | 938.70 Mn | - |
| 3 | Roblox | 34.08 Bn | 30.86 Bn | 1.15 Bn | 10.00 Mn |
| 4 | Playtika Holding | 1.32 Bn | 539.18 Mn | 384.10 Mn | 24.20 Mn |
| 5 | Sohu.com | 430.85 Mn | -399.49 Mn | 111.48 Mn | - |
| 6 | Gdev | 221.62 Mn | 113.30 Mn | 75.00 Mn | - |
| 7 | Meridian Holdings | 164.46 Mn | 149.93 Mn | 28.14 Mn | 353,726.00 |
| 8 | Skillz | 132.36 Mn | -27.57 Mn | 25.51 Mn | - |
| 9 | Brag House Holdings | 89.71 Mn | 89.57 Mn | - | 158,125.00 |
| 10 | Playstudios | 70.83 Mn | -32.85 Mn | 37.39 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2023 | 2.28 Mn |
| Sep 30, 2023 | 2.28 Mn |
| Jun 30, 2023 | 1.71 Mn |
| Jun 30, 2023 | 1.71 Mn |
| Mar 31, 2023 | 3.49 Mn |
| Mar 31, 2023 | 3.49 Mn |
| Dec 31, 2022 | 1.88 Mn |
| Dec 31, 2022 | 1.88 Mn |
| Sep 30, 2022 | 6.36 Mn |
| Sep 30, 2022 | 6.36 Mn |
| Jun 30, 2022 | 7.60 Mn |
| Jun 30, 2022 | 7.60 Mn |
| Mar 31, 2022 | 8.16 Mn |
| Mar 31, 2022 | 8.16 Mn |
| Dec 31, 2021 | 1.09 Mn |
| Dec 31, 2021 | 1.09 Mn |
| Sep 30, 2021 | 87,000.00 |
| Sep 30, 2021 | 87,000.00 |
| Jun 30, 2021 | 25,000.00 |
| Jun 30, 2021 | 25,000.00 |