FIRY (FIRY) AI Stock Analysis

Firy Inc., formerly known as Skillz Inc., operates a mobile game platform across the United States, Israel, China, Malta, Hong Kong, Cyprus, and other international markets. The company conducts business through two primary segments: Skillz and RZR. The Skillz platform allows mobile game developers to monetize content through multi-player competition, integrating real-money tournaments, virtual prizes, and social features. The RZR platform functions as a performance marketing service, allowing advertisers to acquire, retain, and monetize users across connected television, mobile devices, and additional digital channels. Games are distributed directly via its website as well as through third-party platforms.

Revenue fell from $380.2M in FY2021 to $104.5M in FY2025, recording a 5-year revenue CAGR of -14.5% through FY2025. Gross margins remained high at 87.5% in FY2025, but operating margin was -68.3% and net income was -$70.4M. Research and development expenses were reduced to $20.6M in FY2025 from $46.2M in FY2021. For the trailing twelve months, revenue was $117.5M, operating margin was -69.6%, and EPS was -$4.52. In the latest quarter ended June 30, 2026, quarterly revenue grew 22.9% year-over-year.

As of June 30, 2026, Firy held $164.0M in cash and short-term investments and $132.6M in total debt, yielding net cash of $31.4M. Total assets stood at $271.7M and shareholders' equity was $81.4M, with a current ratio of 1.01 and a debt-to-equity ratio of 1.63. For FY2025, the company generated operating cash flow of -$68.9M and free cash flow of -$70.3M. Capital expenditures were $1.4M, and Firy deployed $9.3M toward share buybacks, while the share count fell 19.6% over 5 years.

Firy trades at a price-to-sales multiple of 1.6x and an enterprise value to revenue multiple of 1.6x, compared to a median price-to-sales of 0.8x for US-listed Communication Services peers. The stock has a price-to-book ratio of 2.6x and a market capitalization of $190.8M. Over the past year, Firy gained 61.0%, outperforming the S&P 500 return of 16.8%. However, its 5-year return sits at -93.4%, compared to an 83.0% gain for the S&P 500.

Wall Street analysts have set a mean price target of $9.17 for Firy, representing a 20.2% decline from its last close of $11.48. For the current fiscal year ending December 31, 2026, consensus expectations project revenue of $113.5M and an EPS of -$2.97. For the next fiscal year, 1 analyst projects an EPS of -$2.24 and revenue growth of 8.0%. Over the last 4 quarters, the company beat EPS estimates 1 time. The next earnings date is November 5, 2026.

This page is an AI-written research summary of FIRY (FIRY). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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