Firy Inc. reported unaudited financial results for the second quarter ended June 30, 2026, posting revenue of $31.0 million and a net loss of $24.5 million. Revenue rose 6% sequentially and 23% year over year, driven by RZR which surpassed $10 million in quarterly revenue for the first time. The company reported an Adjusted EBITDA loss of $2.7 million excluding litigation expenses, a significant improvement from the prior quarter's $7.1 million loss. In July, a court entered judgment against Papaya Gaming for $719 million in disgorgement plus approximately $10 million in fees and costs; Papaya has since filed for Chapter 15 protection in Delaware. Additionally, Firy announced the redemption of $80 million of debt in August, leaving approximately $50 million outstanding as it seeks to strengthen its capital structure. Firy Inc. operates a global holding company portfolio including Skillz, RZR, and Beamable at the intersection of content, identity, commerce, and performance marketing.
