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DraftKings Inc.(DKNG)Earnings, Financials & Key Ratios
DKNG•NASDAQ
$23.92
$11.86B mkt cap·Price updated May 6, 2026
AboutDraftKings Inc. operates a digital sports entertainment and gaming company. It offers multi-channel sports betting and gaming technologies, powering sports and gaming entertainment for operators in 17 countries. The company operates iGaming through its DraftKings brand in 5 states, as well as operates Golden Nugget Online Gaming, an iGaming product and gaming brand in 3 states. Its Sportsbook is live with mobile and/or retail betting operations in the United States pursuant to regulations in 18 states. The company's daily fantasy sports product is available in 6 countries internationally with 15 distinct sports categories. In addition, it offers DraftKings Marketplace, a digital collectibles ecosystem designed for mainstream accessibility that offers curated NFT drops and supports secondary-market transactions, as well as owns Vegas Sports Information Network (VSiN), a multi-platform broadcast and content company. DraftKings Inc. was founded in 2011 and is headquartered in Boston, Massachusetts.Show more
- Revenue$6.05B+27.0%
- EBITDA$260M+176.8%
- Net Income$4M+100.7%
- EPS (Diluted)-0.01+99.2%
- Gross Margin41.25%+8.2%
- EBITDA Margin4.29%+160.5%
- Operating Margin-0.26%+98.0%
- Net Margin0.06%+100.6%
- ROE0.45%+100.8%
- ROIC-0.94%+97.4%
- Debt/Equity3.06+131.9%
- Interest Coverage-0.79+99.6%
DKNG Key Insights
DraftKings Inc. (DKNG) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong Piotroski F-Score: 7/9
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 58.0%
- ✓Efficient asset utilization: 1.3x turnover
✗Weaknesses
- ✗High debt to equity ratio of 3.1x
- ✗Weak momentum: RS Rating 16 (bottom 16%)
- ✗Trading more than 30% below 52-week high
- ✗Expensive at 18.8x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
DKNG Price & Volume
DraftKings Inc. (DKNG) stock price & volume — 10-year historical chart
Loading chart...
DKNG Growth Metrics
DraftKings Inc. (DKNG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years58.02%
3 Years39.29%
TTM26.99%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM100.73%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM101.09%
Return on Capital
10 Years-93.45%
5 Years-31.61%
3 Years-18.42%
Last Year-0.59%
DKNG Recent Earnings
DraftKings Inc. (DKNG) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 6/12 qtrs (50%)
Q1 2026Latest
Feb 12, 2026EPS
$0.25
Est $0.26
-2.0%
Revenue
$2.0B
Est $2.0B
-0.0%
Q4 2025
Nov 6, 2025EPS
$0.26
Est $0.43
+39.7%
Revenue
$1.1B
Est $1.2B
-5.0%
Q3 2025
Aug 7, 2025EPS
$0.30
Est $0.15
+98.3%
Revenue
$1.5B
Est $1.4B
+6.2%
Q2 2025
May 1, 2025EPS
$0.07
Est $0.08
+9.7%
Revenue
$1.4B
Est $1.4B
-1.4%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 12, 2026 | $0.25vs $0.26-2.0% | $2.0Bvs $2.0B-0.0% |
| Q4 2025 | Nov 6, 2025 | $0.26vs $0.43+39.7% | $1.1Bvs $1.2B-5.0% |
| Q3 2025 | Aug 7, 2025 | $0.30vs $0.15+98.3% | $1.5Bvs $1.4B+6.2% |
| Q2 2025 | May 1, 2025 | $0.07vs $0.08+9.7% | $1.4Bvs $1.4B-1.4% |
Based on last 12 quarters of dataView full earnings history →
DKNG Peer Comparison
DraftKings Inc. (DKNG) competitors in Online Sports Betting and iCasino — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 FLUT | 17.28B | 99.11 | -57.29 | 16.62% | -2.67% | -4.36% | 1.38 | |
 RSI | 2.98B | 27.86 | 199 | 22.76% | 2.98% | 12.91% | 0.06 | |
 PENN | 2.24B | 16.75 | -2.87 | 5.82% | -12.11% | -34.66% | 4.58 | |
 MGM | 9.78B | 38.21 | 50.28 | 1.72% | 1.03% | 5.3% | 17.14 | |
 CZR | 5.65B | 27.76 | -11.47 | 2.14% | -4.19% | -12.62% | 7.15 | |
 GENI | 1.08B | 4.40 | -10 | 31.04% | -16.67% | -15.51% | 0.04 | |
 NFLX | 374.03B | 88.27 | 34.89 | 15.85% | 24.3% | 41.26% | 0.54 | |
 EA | 50.25B | 200.79 | 57.21 | 0.91% | 11.78% | 14.19% | 0.22 |
Compare DKNG vs Peers
DraftKings Inc. (DKNG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
DKNG Income Statement
DraftKings Inc. (DKNG) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 191.84M | 226.28M | 323.41M | 614.53M | 1.3B | 2.24B | 3.67B | 4.77B | 6.05B |
| Revenue Growth % | - | 17.95% | 42.93% | 90.02% | 110.9% | 72.87% | 63.6% | 30.07% | 26.99% |
| Cost of Goods Sold | 31.75M | 48.69M | 103.89M | 346.59M | 794.16M | 1.48B | 2.29B | 2.95B | 3.56B |
| COGS % of Revenue | 16.55% | 21.52% | 32.12% | 56.4% | 61.28% | 66.25% | 62.54% | 61.89% | 58.75% |
| Gross Profit | 160.09M▲ 0% | 177.59M▲ 10.9% | 219.52M▲ 23.6% | 267.94M▲ 22.1% | 501.86M▲ 87.3% | 756.19M▲ 50.7% | 1.37B▲ 81.6% | 1.82B▲ 32.3% | 2.5B▲ 37.4% |
| Gross Margin % | 83.45% | 78.48% | 67.88% | 43.6% | 38.72% | 33.75% | 37.46% | 38.11% | 41.25% |
| Gross Profit Growth % | - | 10.93% | 23.61% | 22.06% | 87.3% | 50.68% | 81.6% | 32.33% | 37.45% |
| Operating Expenses | 233.29M | 254.37M | 366.07M | 1.11B | 2.06B | 2.27B | 2.16B | 2.43B | 2.51B |
| OpEx % of Revenue | 121.61% | 112.41% | 113.19% | 180.82% | 159.22% | 101.23% | 59% | 50.89% | 41.51% |
| Selling, General & Admin | 213.08M | 221.48M | 310.14M | 942.57M | 1.81B | 1.95B | 1.81B | 2.03B | 2.05B |
| SG&A % of Revenue | 111.07% | 97.88% | 95.9% | 153.38% | 139.64% | 87.02% | 49.31% | 42.56% | 33.92% |
| Research & Development | 20.21M | 32.88M | 55.93M | 168.63M | 253.66M | 318.25M | 355.16M | 397.11M | 459.91M |
| R&D % of Revenue | 10.54% | 14.53% | 17.29% | 27.44% | 19.57% | 14.2% | 9.69% | 8.33% | 7.6% |
| Other Operating Expenses | -607K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -73.2M▲ 0% | -76.78M▼ 4.9% | -146.54M▼ 90.9% | -843.26M▼ 475.4% | -1.56B▼ 85.2% | -1.51B▲ 3.2% | -789.23M▲ 47.8% | -609M▲ 22.8% | -15.82M▲ 97.4% |
| Operating Margin % | -38.16% | -33.93% | -45.31% | -137.22% | -120.49% | -67.48% | -21.53% | -12.77% | -0.26% |
| Operating Income Growth % | - | -4.89% | -90.86% | -475.42% | -85.19% | 3.19% | 47.79% | 22.84% | 97.4% |
| EBITDA | -66.9M | -69.28M | -132.91M | -765.85M | -1.44B | -1.34B | -587.3M | -338.14M | 259.67M |
| EBITDA Margin % | -34.87% | -30.62% | -41.1% | -124.62% | -111.15% | -59.92% | -16.02% | -7.09% | 4.29% |
| EBITDA Growth % | - | -3.57% | -91.84% | -476.22% | -88.09% | 6.8% | 56.25% | 42.42% | 176.79% |
| D&A (Non-Cash Add-back) | 6.3M | 7.5M | 13.64M | 77.41M | 121.14M | 169.25M | 201.92M | 270.85M | 275.49M |
| EBIT | -73.2M | -76.78M | -146.54M | -843.26M | -1.52B | -1.44B | -788.57M | -590.2M | -15.82M |
| Net Interest Income | -1.54M | 666K | 1.35M | -1.07M | 1.96M | 18.7M | 55.74M | 44.3M | -19.94M |
| Interest Income | 0 | 666K | 1.35M | 0 | 4.07M | 21.35M | 58.42M | 47.26M | 0 |
| Interest Expense | 1.54M | 0 | 0 | 1.07M | 2.11M | 2.65M | 2.68M | 2.96M | 19.94M |
| Other Income/Expense | -2.15M | 666K | 3.87M | -389.2M | 46.69M | 65.9M | -2.75M | 15.37M | 23.8M |
| Pretax Income | -75.35M▲ 0% | -76.11M▼ 1.0% | -142.68M▼ 87.4% | -1.23B▼ 763.8% | -1.51B▼ 22.9% | -1.45B▲ 4.6% | -791.97M▲ 45.2% | -593.63M▲ 25.0% | 7.98M▲ 101.3% |
| Pretax Margin % | -39.27% | -33.64% | -44.12% | -200.55% | -116.89% | -64.53% | -21.61% | -12.45% | 0.13% |
| Income Tax | 210K | 105K | 58K | -622K | 8.27M | -67.87M | 10.17M | -86.34M | 4.27M |
| Effective Tax Rate % | -0.28% | -0.14% | -0.04% | 0.05% | -0.55% | 4.69% | -1.28% | 14.54% | 53.53% |
| Net Income | -75.56M▲ 0% | -76.22M▼ 0.9% | -142.73M▼ 87.3% | -1.23B▼ 763.0% | -1.52B▼ 23.7% | -1.38B▲ 9.5% | -802.14M▲ 41.8% | -507.29M▲ 36.8% | 3.71M▲ 100.7% |
| Net Margin % | -39.38% | -33.68% | -44.13% | -200.45% | -117.53% | -61.5% | -21.88% | -10.64% | 0.06% |
| Net Income Growth % | - | -0.88% | -87.27% | -763.03% | -23.65% | 9.53% | 41.79% | 36.76% | 100.73% |
| Net Income (Continuing) | -75.56M | -76.22M | -142.73M | -1.23B | -1.52B | -1.38B | -802.14M | -507.29M | 3.71M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.41▲ 0% | -0.41▲ 0.0% | -0.77▼ 87.8% | -4.03▼ 423.4% | -3.79▲ 6.0% | -3.15▲ 16.9% | -1.73▲ 45.1% | -1.05▲ 39.3% | -0.01▲ 99.2% |
| EPS Growth % | - | 0% | -87.8% | -423.38% | 5.96% | 16.89% | 45.08% | 39.31% | 99.23% |
| EPS (Basic) | -0.41 | -0.41 | -0.77 | -4.03 | -3.79 | -3.15 | -1.73 | -1.05 | 0.01 |
| Diluted Shares Outstanding | 184.6M | 184.6M | 184.6M | 305.59M | 402.49M | 436.51M | 462.6M | 481.95M | 495.9M |
| Basic Shares Outstanding | 184.6M | 184.6M | 184.6M | 305.59M | 402.49M | 436.51M | 462.6M | 481.95M | 371M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
DKNG Balance Sheet
DraftKings Inc. (DKNG) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 164.6M | 262.17M | 261.15M | 2.19B | 2.75B | 2.08B | 2.07B | 1.53B | 1.82B |
| Cash & Short-Term Investments | 49.27M | 117.91M | 76.53M | 1.82B | 2.15B | 1.31B | 1.27B | 788.29M | 1.6B |
| Cash Only | 49.27M | 117.91M | 76.53M | 1.82B | 2.15B | 1.31B | 1.27B | 788.29M | 1.6B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 0 | 21.33M | 29.84M | 74.77M | 97.81M | 211.18M | 349.31M | 120.38M | 105.58M |
| Days Sales Outstanding | - | 34.41 | 33.68 | 44.41 | 27.55 | 34.4 | 34.78 | 9.22 | 6.36 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 106.31M | 111.7M | 144M | 287.72M | 476.95M | 564.49M | 451.56M | 625.09M | 104.84M |
| Total Non-Current Assets | 18.43M | 37.22M | 69.58M | 1.25B | 1.32B | 1.96B | 1.87B | 2.75B | 2.72B |
| Property, Plant & Equipment | 1.6M | 14.1M | 25.95M | 108.9M | 109.85M | 126.06M | 154.68M | 125.47M | 100.89M |
| Fixed Asset Turnover | 119.68x | 16.05x | 12.47x | 5.64x | 11.80x | 17.77x | 23.70x | 38.00x | 60.01x |
| Goodwill | 4.4M | 4.74M | 4.74M | 569.6M | 615.65M | 886.37M | 886.37M | 1.56B | 1.6B |
| Intangible Assets | 10.2M | 16.88M | 33.94M | 555.93M | 535.02M | 776.93M | 690.62M | 933.12M | 889.2M |
| Long-Term Investments | 0 | 0 | 2.52M | 2.96M | 9.82M | 10.08M | 10.28M | 13.2M | 18.94M |
| Other Non-Current Assets | 2.23M | 1.5M | 2.43M | 7.63M | 45.38M | 155.87M | 131.55M | 123.06M | 109.1M |
| Total Assets | 183.03M▲ 0% | 299.39M▲ 63.6% | 330.73M▲ 10.5% | 3.44B▲ 939.9% | 4.07B▲ 18.3% | 4.04B▼ 0.7% | 3.94B▼ 2.4% | 4.28B▲ 8.6% | 4.53B▲ 5.8% |
| Asset Turnover | 1.05x | 0.76x | 0.98x | 0.18x | 0.32x | 0.55x | 0.93x | 1.11x | 1.34x |
| Asset Growth % | - | 63.57% | 10.47% | 939.94% | 18.31% | -0.71% | -2.36% | 8.59% | 5.77% |
| Total Current Liabilities | 161.48M | 195.94M | 255.08M | 554.41M | 929.42M | 1.25B | 1.55B | 1.65B | 1.76B |
| Accounts Payable | 13.07M | 11.63M | 16.62M | 28.08M | 52.54M | 10.15M | 34.13M | 53.66M | 785.44M |
| Days Payables Outstanding | 150.3 | 87.16 | 58.39 | 29.57 | 24.15 | 2.5 | 5.43 | 6.64 | 80.6 |
| Short-Term Debt | 2.5M | 3.75M | 6.75M | 0 | 0 | 0 | 0 | 0 | 9.79M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 1.58M | 40.52M | 43.63M | 46.39M | 0 |
| Other Current Liabilities | 110.82M | 136.04M | 180.81M | 366.39M | 592.68M | 803.44M | 993.35M | 1.07B | 960.24M |
| Current Ratio | 1.02x | 1.34x | 1.02x | 3.96x | 2.96x | 1.67x | 1.34x | 0.93x | 1.03x |
| Quick Ratio | 1.02x | 1.34x | 1.02x | 3.96x | 2.96x | 1.67x | 1.34x | 0.93x | 1.03x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 20.91M | 288.68M | 125.22M | 253.57M | 1.46B | 1.47B | 1.55B | 1.62B | 2.14B |
| Long-Term Debt | 2.5M | 0 | 68.36M | 0 | 1.25B | 1.25B | 1.25B | 1.26B | 1.88B |
| Capital Lease Obligations | 0 | 0 | 0 | 68.78M | 57.34M | 69.33M | 80.83M | 67.66M | 44.39M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 18.41M | 288.68M | 56.86M | 184.8M | 155.31M | 150.57M | 220.35M | 294.02M | 219.43M |
| Total Liabilities | 182.39M | 484.62M | 380.31M | 807.98M | 2.39B | 2.72B | 3.1B | 3.27B | 3.9B |
| Total Debt | 5M | 3.75M | 75.11M | 81.61M | 1.32B | 1.32B | 1.35B | 1.34B | 1.93B |
| Net Debt | -44.27M | -114.16M | -1.42M | -1.74B | -834.28M | 15.52M | 75.58M | 546.79M | 329.62M |
| Debt / Equity | 7.76x | - | - | 0.03x | 0.79x | 1.00x | 1.60x | 1.32x | 3.06x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | 7.45x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | 1.27x |
| Interest Coverage | -47.50x | - | - | -788.09x | -718.60x | -543.31x | -294.35x | -199.46x | -0.79x |
| Total Equity | 644K▲ 0% | -185.23M▼ 28862.0% | -49.58M▲ 73.2% | 2.63B▲ 5407.3% | 1.68B▼ 36.2% | 1.32B▼ 21.2% | 840.31M▼ 36.5% | 1.01B▲ 20.3% | 631.46M▼ 37.5% |
| Equity Growth % | - | -28861.96% | 73.23% | 5407.27% | -36.21% | -21.2% | -36.47% | 20.27% | -37.52% |
| Book Value per Share | 0.00 | -1.00 | -0.27 | 8.61 | 4.17 | 3.03 | 1.82 | 2.10 | 1.27 |
| Total Shareholders' Equity | 644K | -185.23M | -49.58M | 2.63B | 1.68B | 1.32B | 840.31M | 1.01B | 631.46M |
| Common Stock | 380K | 384K | 18K | 79K | 80K | 84K | 85K | 87K | 91K |
| Retained Earnings | -779.83M | -856.05M | -998.78M | -2.23B | -3.75B | -5.13B | -5.93B | -6.44B | -6.44B |
| Treasury Stock | 0 | 0 | 0 | -288.78M | -306.61M | -332.13M | -412.18M | -563.15M | -1.39B |
| Accumulated OCI | 0 | 0 | 0 | 83.53M | 36.49M | 36.49M | 36.49M | 36.49M | 36.49M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
DKNG Cash Flow Statement
DraftKings Inc. (DKNG) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -88.44M | -45.58M | -46.58M | -337.88M | -419.51M | -625.52M | -1.75M | 417.77M | 662.86M |
| Operating CF Margin % | -46.1% | -20.14% | -14.4% | -54.98% | -32.37% | -27.92% | -0.05% | 8.76% | 10.95% |
| Operating CF Growth % | - | 48.46% | -2.19% | -625.4% | -24.16% | -49.11% | 99.72% | 23958.77% | 58.67% |
| Net Income | -75.56M | -76.22M | -142.73M | -844.27M | -1.52B | -1.38B | -802.14M | -507.29M | 3.71M |
| Depreciation & Amortization | 6.3M | 7.5M | 13.64M | 77.41M | 121.14M | 169.25M | 201.92M | 270.85M | 275.49M |
| Stock-Based Compensation | 4.5M | 7.21M | 17.61M | 325.04M | 683.29M | 578.8M | 398.46M | 381.37M | 339.31M |
| Deferred Taxes | 145K | 19K | 54K | -2.28M | -15.51M | -73.41M | 5.85M | -92.73M | -18.23M |
| Other Non-Cash Items | 4.29M | 1.97M | 614K | 3.68M | -41.98M | -43.9M | 59.28M | 30.48M | -34.78M |
| Working Capital Changes | -28.11M | 13.95M | 64.24M | 102.55M | 356.75M | 121.72M | 134.88M | 335.08M | 97.35M |
| Change in Receivables | 5.68M | -4.2M | -1.61M | -13.8M | -1.79M | 2.51M | 3.56M | 238.2M | 2.99M |
| Change in Inventory | 0 | 0 | 0 | -103.57M | -167.93M | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 103.57M | 167.93M | 95.27M | 0 | -18.2M | 132.18M |
| Cash from Investing | -7.71M | -26.67M | -42.27M | -227.34M | -195.02M | -208.77M | -90.36M | -566.6M | -166M |
| Capital Expenditures | -7.71M | -26.67M | -16.7M | -47.7M | -98.28M | -103.64M | -20.9M | -10.18M | -15.35M |
| CapEx % of Revenue | 4.02% | 11.79% | 5.16% | 7.76% | 7.58% | 4.63% | 0.57% | 0.21% | 0.25% |
| Acquisitions | 0 | 0 | 0 | -179.65M | -64.97M | -96.51M | 0 | -441.49M | -16.38M |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | -7.12M | -12.99M | -25.57M | -2.63M | 75.58M | -8.61M | -69.46M | -114.94M | -134.26M |
| Cash from Financing | 118.53M | 140.89M | 79.78M | 2.31B | 1.14B | -16.73M | -63.22M | -144.47M | -222.46M |
| Debt Issued (Net) | 0 | 0 | 71.09M | 34.33M | 1.25B | 0 | 0 | 0 | 583.62M |
| Equity Issued (Net) | 118.62M | 141.59M | 7.54M | -288.79M | -17.83M | -25.52M | -80.05M | -150.96M | -803.47M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -722K | -288.79M | -17.83M | -25.52M | -80.05M | -150.96M | -829.29M |
| Other Financing | -92K | -698K | 1.15M | 2.56B | -91.38M | 8.79M | 16.83M | 6.5M | -2.6M |
| Net Change in Cash | 22.38M▲ 0% | 68.64M▲ 206.7% | -9.07M▼ 113.2% | 1.74B▲ 19285.8% | 524.87M▼ 69.8% | -851.02M▼ 262.1% | -155.33M▲ 81.7% | -293.3M▼ 88.8% | 330.36M▲ 212.6% |
| Free Cash Flow | -96.15M▲ 0% | -72.25M▲ 24.9% | -88.85M▼ 23.0% | -385.57M▼ 334.0% | -517.78M▼ 34.3% | -729.16M▼ 40.8% | -115.14M▲ 84.2% | 407.59M▲ 454.0% | 647.5M▲ 58.9% |
| FCF Margin % | -50.12% | -31.93% | -27.47% | -62.74% | -39.95% | -32.55% | -3.14% | 8.55% | 10.69% |
| FCF Growth % | - | 24.86% | -22.97% | -333.96% | -34.29% | -40.82% | 84.21% | 454.01% | 58.86% |
| FCF per Share | -0.52 | -0.39 | -0.48 | -1.26 | -1.29 | -1.67 | -0.25 | 0.85 | 1.31 |
| FCF Conversion (FCF/Net Income) | 1.17x | 0.60x | 0.33x | 0.27x | 0.28x | 0.45x | 0.00x | -0.82x | 178.67x |
| Interest Paid | 0 | 0 | 260K | 417K | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 1.44M | 5.63M | 10.37M | 8.34M | 5.27M | 0 |
DKNG Key Ratios
DraftKings Inc. (DKNG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -11732.3% | - | - | -95.43% | -70.68% | -91.83% | -74.17% | -54.81% | 0.45% |
| Return on Invested Capital (ROIC) | - | - | - | -149.74% | -134.63% | -103.9% | -52.52% | -36.93% | -0.94% |
| Gross Margin | 83.45% | 78.48% | 67.88% | 43.6% | 38.72% | 33.75% | 37.46% | 38.11% | 41.25% |
| Net Margin | -39.38% | -33.68% | -44.13% | -200.45% | -117.53% | -61.5% | -21.88% | -10.64% | 0.06% |
| Debt / Equity | 7.76x | - | - | 0.03x | 0.79x | 1.00x | 1.60x | 1.32x | 3.06x |
| Interest Coverage | -47.50x | - | - | -788.09x | -718.60x | -543.31x | -294.35x | -199.46x | -0.79x |
| FCF Conversion | 1.17x | 0.60x | 0.33x | 0.27x | 0.28x | 0.45x | 0.00x | -0.82x | 178.67x |
| Revenue Growth | - | 17.95% | 42.93% | 90.02% | 110.9% | 72.87% | 63.6% | 30.07% | 26.99% |
DKNG SEC Filings & Documents
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DKNG Frequently Asked Questions
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Growth & Financials
DraftKings Inc. (DKNG) reported $6.05B in revenue for fiscal year 2025. This represents a 3056% increase from $191.8M in 2017.
DraftKings Inc. (DKNG) grew revenue by 27.0% over the past year. This is strong growth.
Yes, DraftKings Inc. (DKNG) is profitable, generating $3.7M in net income for fiscal year 2025 (0.1% net margin).
Dividend & Returns
DraftKings Inc. (DKNG) has a return on equity (ROE) of 0.5%. This is below average, suggesting room for improvement.
DraftKings Inc. (DKNG) generated $612.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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