DKNG

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DraftKings Inc.

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Key Metrics

Previous Close: $25.31
52-Week Range: $20.46 – $48.78
Market Cap: $12.43B
P/E (TTM): —
EPS (TTM): -0.35
Dividend Yield: —

Advanced Metrics

Price/Book: 21.80
PEG Ratio: 0.10
Return on Equity: -21.14%
Return on Assets: -2.42%
Gross Margin: 76.13%
Operating Margin: -4.72%
Profit Margin: -2.68%
Current Ratio: 1.02
Debt/Equity: 3.36
Total Debt: $1.92B
Free Cash Flow: $461.74M
Revenue Growth: -4.60%
Earnings Growth: —
Enterprise Value: $13.50B

DKNG Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$2.24B	$3.67B	$4.77B	$6.05B
Cost of Revenue	$1.48B	$2.29B	$2.95B	$3.56B
Gross Profit	$756.19M	$1.37B	$1.82B	$2.50B
Research & Development	$318.25M	$355.16M	$397.11M	$459.91M
Selling, General & Admin	$1.95B	$1.81B	$2.03B	$2.05B
Operating Expenses	$2.27B	$2.16B	$2.43B	$2.51B
Operating Income	-$1.51B	-$789.23M	-$609.00M	-$15.82M
EBITDA	-$1.27B	-$587.30M	-$338.14M	$259.67M
Pretax Income	-$1.44B	-$791.25M	-$593.16M	$7.01M
Income Tax	-$67.87M	$10.17M	-$86.34M	$4.27M
Net Income	-$1.38B	-$802.14M	-$507.29M	$3.71M
Diluted EPS	-3.16	-1.73	-1.05	0.01
Diluted Shares	436.07M	462.60M	482.00M	495.90M

DKNG Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$1.31B	$1.27B	$788.29M	$1.13B
Receivables	$211.18M	$349.31M	$57.84M	$105.58M
Current Assets	$2.08B	$2.07B	$1.53B	$1.82B
Total Assets	$4.04B	$3.94B	$4.28B	$4.53B
Current Liabilities	$1.25B	$1.55B	$1.65B	$1.76B
Long-Term Debt	$1.25B	$1.25B	$1.26B	$1.84B
Total Debt	$1.32B	$1.35B	$1.34B	$1.89B
Total Liabilities	$2.72B	$3.10B	$3.27B	$3.90B
Retained Earnings	-$5.13B	-$5.93B	-$6.44B	-$6.44B
Shareholders' Equity	$1.32B	$840.31M	$1.01B	$631.46M
Working Capital	$838.38M	$521.75M	-$121.23M	$59.54M
Net Debt	—	—	$468.14M	$708.10M

DKNG Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$625.52M	-$1.75M	$417.77M	$662.86M
Capital Expenditure	-$103.64M	-$113.39M	-$120.86M	-$154.46M
Free Cash Flow	-$729.16M	-$115.14M	$296.91M	$508.39M
Depreciation & Amortisation	$169.25M	$201.92M	$270.85M	$275.49M
Stock-Based Compensation	$578.80M	$398.46M	$381.37M	$339.31M
Investing Cash Flow	-$208.77M	-$90.36M	-$566.60M	-$166.00M
Financing Cash Flow	-$16.73M	-$63.22M	-$144.47M	-$222.46M
Share Repurchases	-$25.52M	-$80.05M	-$150.96M	-$829.29M
Net Change in Cash	-$851.02M	-$155.33M	-$293.30M	$274.40M

DKNG Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$1.41B	$1.51B	$1.14B	$1.99B	$1.65B
Cost of Revenue	$843.80M	$854.56M	$784.08M	$1.07B	$949.38M
Gross Profit	$565.00M	$657.95M	$359.94M	$914.69M	$696.69M
Research & Development	$103.26M	$108.42M	$114.68M	$133.56M	$123.18M
Selling, General & Admin	$508.07M	$398.89M	$517.15M	$629.37M	$567.67M
Operating Expenses	$611.33M	$507.30M	$631.83M	$762.93M	$690.84M
Operating Income	-$46.33M	$150.64M	-$271.89M	$151.76M	$5.85M
EBITDA	$23.79M	$246.86M	-$205.82M	$225.76M	$77.51M
Pretax Income	-$39.42M	$169.92M	-$270.51M	$147.03M	$22.92M
Income Tax	-$5.60M	$11.79M	-$12.06M	$10.15M	$6.37M
Net Income	-$33.86M	$157.94M	-$256.79M	$136.43M	$21.07M
Diluted EPS	-0.07	0.30	-0.52	0.25	0.03
Diluted Shares	493.30M	529.45M	496.60M	545.70M	510.63M

DKNG Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$1.12B	$1.26B	$1.23B	$1.13B	$999.40M
Receivables	$147.53M	$136.57M	$121.47M	$105.58M	$86.12M
Current Assets	$1.80B	$1.79B	$1.95B	$1.82B	$1.58B
Total Assets	$4.52B	$4.47B	$4.62B	$4.53B	$4.31B
Current Liabilities	$1.50B	$1.33B	$1.78B	$1.76B	$1.55B
Long-Term Debt	$1.84B	$1.84B	$1.84B	$1.84B	$1.84B
Total Debt	$1.92B	$1.91B	$1.91B	$1.89B	$1.92B
Total Liabilities	$3.64B	$3.46B	$3.89B	$3.90B	$3.70B
Retained Earnings	-$6.48B	-$6.32B	-$6.57B	-$6.44B	-$6.42B
Shareholders' Equity	$872.91M	$1.01B	$732.29M	$631.46M	$605.05M
Working Capital	$301.93M	$452.15M	$168.70M	$59.54M	$29.30M
Net Debt	$722.83M	$574.28M	$607.67M	$708.10M	$835.91M

DKNG Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$119.02M	$173.92M	$287.48M	$320.47M	-$48.44M
Capital Expenditure	-$35.52M	-$34.09M	-$39.56M	-$45.29M	-$45.22M
Free Cash Flow	-$154.54M	$139.83M	$247.92M	$275.18M	-$93.65M
Depreciation & Amortisation	$70.12M	$65.30M	$66.07M	$74.00M	$71.66M
Stock-Based Compensation	$78.85M	$84.70M	$72.47M	$103.29M	$65.22M
Investing Cash Flow	-$39.02M	-$35.26M	-$41.83M	-$49.89M	-$48.21M
Financing Cash Flow	$372.82M	-$119.69M	-$101.41M	-$374.18M	-$121.13M
Share Repurchases	-$216.60M	-$128.00M	-$102.84M	-$381.85M	-$122.94M
Net Change in Cash	$214.79M	$18.97M	$144.23M	-$103.59M	-$217.78M

Market Snapshot

About

DraftKings Inc. is a digital sports entertainment and gaming company offering online sports betting, daily fantasy sports, and iGaming products. The company operates in states where online gambling is legal, providing mobile and web-based platforms for users to wager on sporting events and play casino-style games. DraftKings generates revenue through customer betting activity, contest entry fees, and platform usage. The company has partnerships with professional sports leagues and teams, and continues expanding its operations as more states legalize online gambling.