Key Highlights

  • Shares closed at $10.13 at last closing, up 2.63%.
  • Second-quarter 2026 Revenue was about $31.0 million, up roughly 23%, though the net loss widened to around $24 million.
  • A legal judgment in a case involving a competitor added a substantial amount to Firy's balance sheet.
  • Firy, formerly known as Skillz, operates a mobile competitive-gaming platform and has repositioned itself as a technology holding company.

Firy (NYSE:FIRY), the company formerly known as Skillz, operates a mobile competitive-gaming platform that hosts skill-based games and tournaments for cash and other prizes, and it has rebranded and positioned itself as a technology holding company. Shares closed at $10.13 at last closing, up 2.63%.

Having gone through revenue declines and restructuring in recent years, its results depend on rebuilding engagement and revenue on its gaming platform, its cost structure and losses, and its cash position, including a large legal judgment in its favor.

Latest Developments

In its second-quarter 2026 results, Firy reported revenue of about $31.0 million, up roughly 23%, with a net loss that widened to around $24 million, while noting that a legal judgment in a case involving a competitor added a substantial amount to its Balance Sheet and that a Partnership crossed a revenue milestone. Investors should verify the latest revenue and its growth, the net loss and cash burn, and the status and collectability of the legal judgment directly from SEC filings.

Financial and Business Position

As a turnaround-oriented technology and gaming company, Firy's financial position is defined by its returning but modest revenue, its ongoing losses, and the potential impact of its legal judgment. Investors should focus on revenue and its growth, engagement metrics, and the cash balance.

Stock-Market Context

FIRY shares closed at $10.13 at last closing, up 2.63%. The stock is a speculative, turnaround-oriented company whose shares are volatile and sensitive to revenue and engagement trends and news about its legal matters.

What Investors Should Watch

Watch revenue and its growth, engagement metrics, the net loss and cash burn, the cash balance, and the status and collectability of its legal judgment. Continued revenue growth combined with narrowing losses, a strong cash position, and a favorable resolution of its legal matters would be the most likely factors to put it on more watchlists.