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Firy (FIRY) investor relations material
Firy Investor presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Company evolution and strategic milestones
Transitioned from Skillz Inc. to FIRY, expanding from mobile gaming to a multi-business platform.
Achieved first sequential GMV growth since 2021 and 12% YoY GMV growth.
Won significant litigation, securing favorable federal jury verdicts and settlements.
Acquired BEAMABLE to enhance backend and LiveOps capabilities.
Rebuilt after industry and legal challenges, positioning for long-term growth.
Business model and platform overview
Operates three complementary businesses: skill-based real money gaming, AI-powered ad tech (RZR), and backend/LiveOps (BEAMABLE).
Serves over 90 million lifetime users and 4,000 game developers.
Provides an end-to-end flywheel integrating content, monetization, ad tech, and player data.
Proprietary technology includes 90+ issued patents and 110+ pending, covering fraud prevention, payments, and tournament infrastructure.
Financial performance and outlook
Revenue expected to more than double from $130M in 2025 to $258M in 2028.
Gross margins consistently strong at 82%-88% through 2025.
Adjusted EBITDA loss improved from ($188M) in 2021 to ($46M) LTM, with expenses cut to a quarter of peak levels.
Q1 2026 revenue reached $29M, up 33% YoY, with LTM revenue at $112M, up 25%.
- Revenue up 33% and net loss narrowed; major litigation win could drive future cash inflow.FIRY
Q1 202622 May 2026 - Election of directors, auditor ratification, and incentive plan amendment up for virtual vote.FIRY
Proxy filing1 May 2026 - Shareholders will vote on director elections, auditor ratification, and a key equity plan amendment.FIRY
Proxy filing1 May 2026 - Q4 2025 revenue up 67% year-over-year, RZR segment posts 146% growth and positive EBITDA.FIRY
Q4 20251 Apr 2026 - Net income positive at $26M on $25.3M revenue, driven by a $46M litigation gain.FIRY
Q2 20242 Feb 2026 - Revenue down 33% YoY, losses narrowed, and strong cash reserves support turnaround.FIRY
Q3 202415 Jan 2026 - Q4 revenue fell 35% year over year, but net loss narrowed and cash reserves remain strong.FIRY
Q4 202426 Dec 2025 - Shareholders will vote on director elections, auditor ratification, and executive pay, with CEO retaining control.FIRY
Proxy Filing18 Dec 2025 - Q3 revenue up 11% YoY, net loss narrows, PMAU rises 28%, NYSE grants listing extension.FIRY
Q3 202511 Dec 2025
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