Firy Inc. 8K

Firy Inc. reported Q2 2026 results, highlighted RZR-driven growth, major Papaya litigation judgment developments, and a significant debt redemption to strengthen its capital structure following its rebrand from Skillz.

On August 13, 2026, Firy Inc. (formerly Skillz Inc.) announced its unaudited financial results for the second quarter ended June 30, 2026, reporting revenue of $31.0 million, gross profit of $27.1 million, a net loss of $24.5 million, and an Adjusted EBITDA loss (excluding litigation expense) of $2.7 million, alongside operational metrics such as 117 thousand paying monthly active users and ARPPU of $59.1. Management highlighted completion of the company’s rebrand to FIRY and the continued growth and profitability of its RZR business unit, which exceeded $10 million in quarterly revenue. The company also disclosed significant litigation developments, noting that in July a court entered judgment against Papaya Gaming for $719 million in disgorgement of unjust profits plus approximately $10 million in fees and costs, and that Papaya has sought a court‑supervised payment arrangement in Israel and filed a Chapter 15 petition in Delaware, with FIRY intending to pursue its legal rights. In addition, FIRY discussed capital structure actions, including the announced redemption in August of $80 million of debt (leaving about $50 million outstanding), its large federal and state net operating loss carryforwards, remaining proceeds from the Avia Games settlement, and other assets such as its Las Vegas building and a 10% interest in Exit Games. The company provided reconciliations for non‑GAAP measures including Adjusted EBITDA and non‑GAAP operating expenses and scheduled an investor conference call for August 14, 2026 to review the results and outlook.

Filing Facts

CIK

1801661

Ticker

-

Form

8K

Source Type

sec

Accession

0001801661-26-000090

Alert Tier

7