EarningsQ2 2026 Earnings Report
MX:FIRY Q2 2026 EPS Results
Actual EPS-$25.81
Consensus EPS-$11.89
Beat/MissMissed by -$13.93
One Year Ago EPS-$9.85
MX:FIRY Q2 2026 Revenue Results
Actual Revenue$526.32M
Expected Revenue$563.82M
Beat/MissMissed by -$37.50M
YoY Revenue Growth+22.92%
Earnings Announcement Details
QuarterQ2 2026
Date08/13/2026
TimeAfter Close
Conference CallThursday, August 13, 2026
MX:FIRY Upcoming Earnings
Firy's next earnings date is estimated for November 5, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:FIRY Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a mix of meaningful strategic and operational positives — notably strong RZR growth and profitability, a significant legal judgment in the company's favor, a solid cash position, and corporate restructuring that clarifies assets — alongside material near-term headwinds including large litigation expenses, higher G&A and R&D, a wider GAAP net loss, and operational weakness at Skillz. Management communicated clear pathways to improve Skillz, reduce litigation expense impact over time, and deploy capital prudently, but several financial and execution risks remain in the short term.Company Guidance
Revenue Growth
GAAP revenue of $31.0M in Q2 2026, up 6% quarter-over-quarter (from $29.1M) and up 23% year-over-year (from $25.2M).
RZR Rapid Growth and Profitability
RZR surpassed $10M in quarterly revenue for the first time, growing 6% QoQ and 75% YoY; it delivered its fourth consecutive quarter of profitability and management expects continued margin expansion and near doubling of RZR revenue year-over-year for 2026.
Adjusted EBITDA Improvement (Excluding Litigation)
Adjusted EBITDA loss excluding litigation-related expenses improved to a $2.7M loss in Q2, a $4.5M sequential improvement on a normalized basis.
Major Legal Judgment in Favor of Company
Court awarded approximately $730M in the Papaya false-advertising case (judge increased the award ~70% above the original jury award); management intends to pursue collection and asserts creditor rights in U.S. and Israeli proceedings (collection remains uncertain and proceeds are not recognized until collected).
Debt Reduction and Interest Savings
Redeemed $80M of debt (announced Aug 4), reducing outstanding debt to approximately $50M and saving an estimated $2.8M in interest expense before maturity.
Strong Cash Position and Balance Sheet Assets
Ended Q2 with ~$164M cash and cash equivalents; balance sheet includes $702M federal and $280M state NOL carryforwards, ownership of Las Vegas building, and a 10% preferred stake in Exit Games (paid ~$50M in 2021).
Strategic Rebrand and Corporate Structure
June rebrand to Firy and holding company structure clarifies reporting of two operating segments (RZR and Skillz) and a cleaner presentation of corporate operating expenses; Beamable integrated into Skillz as back-end/live-ops infrastructure.
Forward Financial Targets
Management expects revenue to more than double from 2025 to 2028, modest positive operating cash flow in 2027, and accelerating cash generation in 2028 and beyond.
RZR Product & Market Diversification
RZR processes 6M+ queries/sec across 10B+ devices; product lineup includes Android/iOS user acquisition & retargeting and CTV; gaming share of RZR revenue fell to ~70% from ~80%, indicating diversification into consumer apps, retail and entertainment.
MX:FIRY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed