Skillz granted NYSE extension to regain compliance with SEC filing rules

Skillz Inc. (NYSE:SKLZ) announced Wednesday that it has received an extension from the New York Stock Exchange to regain compliance with the exchange’s continued listing standards related to timely filing of required reports with the Securities and Exchange Commission.

According to a statement based on an SEC filing, Skillz was previously notified by the NYSE on April 2, 2025, that it was not in compliance with listing requirements because it had not filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2024. Under NYSE rules, the company was given an initial six-month period to file the overdue report and maintain its listing. While the company faces these regulatory challenges, InvestingPro data shows it maintains a strong current ratio of 4.19, indicating solid short-term financial stability.

In September 2025, Skillz submitted a compliance plan to the NYSE requesting an additional extension to allow time for the company to file its 2024 Form 10-K as well as its Quarterly Reports on Form 10-Q for the periods ended March 31, 2025, and June 30, 2025, along with any other delayed filings.

On September 25, 2025, the NYSE granted Skillz an extension through December 17, 2025. The extension is subject to ongoing reassessment and requires Skillz to become current with its SEC filings by that date in order to maintain its listing on the NYSE.

Skillz stated that it is working to complete and file the delayed reports as soon as reasonably practicable and expects to do so ahead of the NYSE’s deadline.

This information is based on a statement from a press release included in the company’s recent SEC filing.

In other recent news, Skillz Inc. reported a revenue increase for the second quarter of 2025, with earnings reaching $27 million, an 8% rise compared to the previous year. This financial report highlights a promising growth in user engagement, despite the company experiencing a net loss during the same period. In a separate development, Skillz disclosed that Tether Studios intends to terminate all agreements with the company, affecting key revenue-generating games such as Solitaire Cube and 21 Blitz. Skillz has contested this termination, claiming it breaches Tether’s obligations, and has filed a lawsuit in a Delaware court. The agreements between Skillz and Tether involved a revenue-sharing model from user entry fees and allowed for termination with written notice. Tether’s notice cited termination for convenience, with an additional claim for cause termination effective September 28, 2025, if not upheld by a competent tribunal. These developments indicate ongoing legal and financial challenges for Skillz amidst its recent revenue growth.

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