Firy Inc. operates a mobile game platform. The company's platform helps developers create franchises by enabling social competition in their games. It ...
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Est. EPS $-0.60 · Revenue $33.90M · 1 analysts
Est. EPS $-0.60 · Revenue $36.20M · 1 analysts
Est. EPS $-4.60 · Revenue $126.50M · 2 analysts
Est. EPS $0.00 · Revenue $30.50M
EPS $-0.58 · Revenue $27.37M
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $104.5M | +9.5% | +6.5% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-70.4M | -46.0% | -123.6% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +87.5% | +1.8% | -0.3% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | -68.3% | -34.9% | -24.6% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -67.4% | -33.4% | -110.0% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $-70.3M | -633.9% | -148.4% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | -67.3% | -570.5% | -133.3% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 115.1% | +45.4% | +28.9% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.20x | -74.0% | -10.9% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $293.5M | -21.6% | -5.4% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -4.51 vs -3.67 | -22.9% | -1.52 vs -0.70 | -117.1% |
| Revenue Surprise | $104.5M vs $103.2M | +1.3% | $31.0M vs $33.2M | -6.7% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 3, 2026 | Hoffman Henry M. | director | Class A common stock | A | 3,511 | — |
| Aug 3, 2026 | Hoffman Henry M. | director | Restricted Stock Units | D | 3,511 | — |
| Jul 31, 2026 | Wakeford Kent | director | Class A common stock | A | 16,129 | — |
| Jul 31, 2026 | Wakeford Kent | director | Restricted Stock Units | D | 16,129 | — |
| Jul 14, 2026 | VALLI TODD A. | officer: Chief Accounting Officer | Class A common stock | A | 12,610 | — |
Operator: Good morning, everyone. I'd like to welcome you to the Firy Inc. Second Quarter 2026 Results Call. [Operator Instructions] At this time, I would like to turn the conference over to your host, Richard Land from Alliance Advisors to begin. Richard Land: Good morning, everyone. Firy issued its 2026 second quarter earnings release yesterday after the market close, which is available on the company's Investor Relations website. Let me read the safe harbor language, and then we'll get right into the call. All statements and comments made by management during this conference call other than statements of historical fact, may be deemed forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. Firy cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those reflected by the forward-looking statements made during the call. For additional details on these risks and uncertainties, please see Firy's annual report on Form 10-K for the year ended December 31, 2025, as filed with the Securities and Exchange Commission and Firy's subsequent public filings with the SEC. Firy undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, we will reference various non-GAAP financial measures and KPIs during this call. Please refer to our earnings release for an explanation of these measures and how we use them and in the case of the non-GAAP financial measures, reconciliations to their nearest GAAP equivalents. With that, it's now my pleasure to turn the call over to Firy's CEO, Andrew Paradise. Andrew, please go ahead. Andrew Paradise: Thank you, Richard, and good morning, everyone. Q2 was, without question, the most consequential period in the company's recent history. Our Firy rebrand is now fully in the market. The Papaya verdict and judgment are in, and we're executing against our strategies to unlock value for our shareholders. Let me start with a review of our second quarter results. I'll then highlight 3 significant developments since our last call in May before moving into our operating businesses. For the second quarter, GAAP revenue was $31 million, up 6% quarter-over-quarter and up 23% year-over-year. Adjusted EBITDA loss, excluding litigation-related expenses, was $2.7 million, a $4.5 million improvement quarter-over-quarter on a normalized basis. Including litigation-related expenses, the adjusted EBITDA loss was $13.6 million compared to a loss of $12.8 million in the first quarter and $11.4 million in Q2 2025. We also have an update regarding our balance sheet. As announced on August 4, we are redeeming $80 million in debt, saving the company approximately $2.8 million in interest expense before those notes' maturity date. This leaves $50 million in debt outstanding. We're evaluating options to further strengthen our …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Andrew C. Paradise | Co-Founder, CEO & Chairman | USD 605,452 | Male | 1983 | Active |
Gaetano Franceschi | Advisor | USD 409,462 | Male | 1973 | Active |
Robert Alex Walsh | Chief Financial Officer | USD 409,462 | Male | 1985 | Active |
Casey Chafkin | Co-Founder, Advisor & Director | USD 47,500 | Male | 1985 | Active |
Todd A. Valli | Chief Accounting Officer | — | Male | 1974 | Active |
Nicole Singleton | Chief Human Resources Officer | — | Female | — | Active |
Firy Inc. has transitioned into a holding company structure, highlighted by a major litigation win and a rebranding from Skillz. Despite a $719 million legal judgment, uncertainty around collection and persistent cash leave shares at risk of a further pullback. Cash burn from Skillz could continue to outweigh RZR's growth and shift to steady profitability.
Firy Inc. (FIRY) Q2 2026 Earnings Call Transcript
LAS VEGAS--(BUSINESS WIRE)--Firy Inc. (NYSE: FIRY) (“FIRY” or the “Company”), formerly Skillz Inc., today reported unaudited financial results for the second quarter ended June 30, 2026. Second Quarter 2026 Financial Highlights (Unaudited): Revenue of $31.0 million Gross profit of $27.1 million Net loss of $24.5 million Adjusted EBITDA1 loss of $2.7 million, excluding litigation expense Paying monthly active users (PMAUs)2 of 117 thousand Average revenue per PMAU (ARPPU)3 of $59.1 Total operati.
Firy Inc. (NYSE: FIRY) (âFIRYâ or the âCompanyâ) today announced that it expects to release its 2026 second quarter financial results after the market c
LAS VEGAS--(BUSINESS WIRE)--Firy Inc. (NYSE: FIRY) (“FIRY” or the “Company”) today announced that it expects to release its 2026 second quarter financial results after the market closes on Thursday, August 13, 2026 and host a conference call and webcast on Friday, August 14, 2026 at 9:00 a.m. ET. During the call, FIRY management is expecting to review the Company's financial results and provide a business update, followed by a question-and-answer session. Both the call and webcast are open to t.
