Firy Inc. FIRY
We were founded on one simple belief: competition holds the power to unleash possibilities in all of us. We are all born with skills and when we are able to apply those skills through competition, we can achieve great things. That is the guiding principle behind why we are advancing competitive mobile gaming.
Our Company's mission is to bring out the best in everyone through competition. We believe our business model is unique in that we create both opportunities for game developers to turn their craft into financial success and opportunities for players to experience wins through our platform.
Our proprietary multi-player platform, a form of social media solution, provides interactive entertainment through competitive game content. We believe our platform democratizes the mobile gaming industry by "leveling the playing field" for developers worldwide, enabling us to deliver gaming experiences that our player community can trust. The trust and fairness we foster with our player community is part of the foundation upon which our business is built.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- Skillz
- RZR
| Segment | FY2025 | FY2024 |
|---|---|---|
| Skillz | $78.2M | $82.4M |
| RZR | $26.8M | $10.9M |
As the company reported it, from the “Revenue - Schedule of Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $104.5M | $92.9M | $152.1M | $269.7M | $380.2M | $229.0M | $119.9M | $50.8M | — |
| Cost of revenue | $13.1M | $13.4M | $15.4M | $30.7M | $25.2M | $12.3M | $5.7M | $2.1M | — |
| Gross profit | $91.4M | $79.5M | $136.7M | $239.0M | $354.9M | $216.8M | $114.2M | $48.7M | — |
| R&D | $20.6M | $16.7M | $28.1M | $52.3M | $46.2M | $23.2M | $11.2M | $7.5M | — |
| SG&A | $71.1M | $78.9M | $96.7M | $163.0M | $135.8M | $42.5M | $16.4M | $15.0M | — |
| Total operating expenses | $168.4M | $139.4M | $266.4M | $691.1M | $674.0M | $332.2M | $144.7M | $76.3M | — |
| Operating income | -$63.9M | -$46.5M | -$114.3M | -$421.4M | -$293.8M | -$103.2M | -$24.8M | -$25.5M | — |
| Interest expense | $15.2M | $15.1M | $21.5M | $40.6M | $1.2M | $1.3M | $2.5M | $2.2M | — |
| Pre-tax income | -$70.3M | -$46.7M | -$101.1M | -$439.2M | -$207.1M | -$149.0M | -$23.6M | -$27.8M | — |
| Income tax | $108.0K | $66.0K | $239.0K | $345.0K | $19.1M | $115.0K | $0 | $0 | — |
| Net income | -$70.4M | -$46.8M | -$101.4M | -$438.9M | -$187.9M | -$149.1M | -$23.6M | -$27.8M | — |
| EPS, basic | -4.51 | -2.62 | -4.85 | -21.41 | -0.49 | -0.51 | -0.09 | — | — |
| EPS, diluted | -4.51 | -2.62 | -4.85 | -21.41 | -0.71 | -0.51 | -0.09 | -0.12 | — |
| Shares, diluted (wtd. avg.) | 15.6M | 17.8M | 20.9M | 20.5M | 388.5M | 294.5M | 261.2M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $194.5M | $271.9M | $312.0M | $365.4M | $244.3M | $265.6M | $28.5M | $22.5M | $7.0M |
| Short-term investments | — | $0 | $0 | $127.3M | $319.1M | $0 | — | — | — |
| Receivables | $14.4M | $4.9M | $5.9M | $7.2M | $10.7M | $0 | — | — | — |
| Total current assets | $216.5M | $303.2M | $314.7M | $501.7M | $568.3M | $273.2M | $35.1M | — | — |
| Property, plant and equipment | $20.8M | $16.3M | $14.5M | — | — | $5.3M | $3.6M | — | — |
| Goodwill | — | — | — | $85.5M | $86.3M | $0 | — | — | — |
| Other intangibles | — | — | — | $20.0M | $79.1M | $0 | — | — | — |
| Total assets | $293.5M | $374.3M | $395.8M | $621.3M | $808.1M | $282.4M | $38.9M | — | — |
| Accounts payable | $9.7M | $9.8M | $1.7M | $1.7M | $19.8M | $22.0M | $2.9M | — | — |
| Short-term debt | $127.6M | $0 | — | — | $0 | — | — | — | — |
| Total current liabilities | $180.7M | $65.9M | $49.9M | $49.5M | $46.2M | $55.3M | $10.5M | — | — |
| Long-term debt | $0 | $125.7M | $123.9M | $272.8M | $278.9M | $0 | $9.6M | — | — |
| Total liabilities | $181.6M | $201.2M | $185.3M | $342.9M | $135.6M | $233.6M | $20.2M | — | — |
| Retained earnings | -$1.09B | -$1.02B | -$974.5M | -$873.1M | -$382.2M | -$246.3M | -$90.3M | — | — |
| Total equity | $111.8M | $173.0M | $210.5M | $278.4M | $609.2M | $48.8M | $14.2M | $1.1M | $3.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$68.9M | -$7.1M | -$71.8M | -$179.6M | -$180.2M | -$56.2M | -$21.9M | -$16.9M | — |
| Depreciation and amortisation | $1.4M | $1.7M | $2.0M | $17.9M | $11.7M | $1.6M | $711.0K | $404.0K | — |
| Stock-based compensation | $19.6M | $30.0M | $43.7M | $108.2M | $60.3M | $23.8M | $1.2M | $6.7M | — |
| Capital expenditure | $1.4M | $668.0K | $13.2M | $1.9M | $3.2M | $3.2M | $3.2M | $867.0K | — |
| Investing cash flow | -$6.1M | -$1.4M | $168.3M | $311.4M | -$643.9M | -$3.2M | -$3.2M | -$867.0K | — |
| Financing cash flow | -$11.0M | -$21.7M | -$150.0M | -$10.6M | $802.7M | $296.6M | $31.2M | $33.3M | — |
| Buybacks | $9.3M | $19.3M | $13.0M | $0 | $0 | $1.3M | $0 | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-018357.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $50.8M | $119.9M | $229.0M | $380.2M | $269.7M | $152.1M | $92.9M | $104.5M |
| Gross profit | — | $48.7M | $114.2M | $216.8M | $354.9M | $239.0M | $136.7M | $79.5M | $91.4M |
| Net income | — | -$27.8M | -$23.6M | -$149.1M | -$187.9M | -$438.9M | -$101.4M | -$46.8M | -$70.4M |
Recent filings and events
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Other event Item 8.01
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced Item 2.02
- Officer or director change Item 5.02
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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