DRAFTKINGS INC. financials
Source: EDGAR filings · Built 2026-06-02T02:50:16Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2022 | FY 2022 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 647.50M | 407.59M | -22.65M | -657.92M | -435.43M | -205.91M |
| EBITDA | 259.67M | -338.14M | -587.30M | -1.34B | -1.44B | -765.85M |
| Working Capital | 59.54M | -121.23M | 521.75M | 838.38M | 1.82B | — |
| Net Debt | 762.28M | 546.79M | 72.90M | 15.52M | -834.28M | — |
| Gross Margin | 41.25% | 38.11% | 37.46% | 33.75% | 38.72% | 43.60% |
| Operating Margin | -0.26% | -12.77% | -21.53% | -67.48% | -120.49% | -137.22% |
| Net Margin | 0.06% | -10.64% | -21.88% | -61.50% | -117.53% | -200.45% |
| Return on Equity (ROE) | 0.59% | -50.20% | -95.46% | -104.18% | -90.75% | -46.81% |
| Return on Assets (ROA) | 0.08% | -11.84% | -20.33% | -34.11% | -37.43% | — |
| Current Ratio | 1.03× | 0.93× | 1.34× | 1.67× | 2.96× | — |
| Debt-to-Equity | 2.99× | 1.32× | 1.60× | 1.00× | 0.79× | — |
| Effective Tax Rate | 60.94% | 14.56% | -1.29% | 4.70% | -0.54% | 0.05% |
| Cash Conversion Ratio | 178.67× | -0.82× | 0.00× | 0.45× | 0.28× | 0.16× |
| Accruals Ratio | -0.15× | -0.22× | -0.20× | -0.19× | -0.27× | — |
| SBC % of Revenue | 5.60% | 8.00% | 10.87% | 25.83% | 52.72% | 52.89% |
| CapEx Coverage | 43.18× | 41.05× | -0.08× | -19.30× | -26.34× | -16.52× |
| Free Cash Flow Per Share | $1.31 | $0.85 | $-0.05 | $-1.51 | $-1.08 | $-0.67 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2022 | FY 2022 |
|---|---|---|---|---|---|---|
| P/FCF | 26.39× | 43.99× | — | — | — | — |
| FCF Yield | 3.79% | 2.27% | — | — | — | — |
| EV / EBITDA | 68.75× | — | — | — | — | — |
| P/S | 2.82× | 3.76× | 4.45× | 2.22× | 8.53× | 23.15× |
| P/B | 27.06× | 17.74× | 19.41× | 3.76× | 6.59× | 5.41× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2022 | FY 2022 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 6.05B | 4.77B | 3.67B | 2.24B | — | — |
| Cost of Revenue | 3.56B | 2.95B | 2.29B | 1.48B | 794.16M | 346.59M |
| Operating Income (Loss) | -15.82M | -609.00M | -789.23M | -1.51B | -1.56B | -843.26M |
| Income Tax Expense (Benefit) | 4.27M | -86.34M | 10.17M | -67.87M | 8.27M | -622.00K |
| Net Income (Loss) Attributable to Parent | 3.71M | -507.29M | -802.14M | -1.38B | -1.52B | -1.23B |
| Earnings Per Share, Basic | $0.01 | $-1.05 | $-1.73 | $-3.16 | $-3.78 | $-4.03 |
| Weighted Average Number of Shares Outstanding, Basic | 495.64M | 481.95M | 462.60M | 436.51M | 402.49M | 305.59M |
| Earnings Per Share, Diluted | $-0.01 | $-1.05 | $-1.73 | $-3.16 | $-3.78 | $-4.03 |
| Weighted Average Number of Shares Outstanding, Diluted | 495.90M | 481.95M | 462.60M | 436.51M | 402.49M | 305.59M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2022 | FY 2022 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 1.13B | 788.29M | 1.27B | 1.31B | 2.15B | 1.82B |
| Assets, Current | 1.82B | 1.53B | 2.07B | 2.08B | 2.75B | — |
| Assets | 4.53B | 4.28B | 3.94B | 4.04B | 4.07B | — |
| Liabilities, Current | 1.76B | 1.65B | 1.55B | 1.25B | 929.42M | — |
| Liabilities | 3.90B | 3.27B | 3.10B | 2.72B | 2.39B | — |
| Stockholders' Equity Attributable to Parent | 631.46M | 1.01B | 840.31M | 1.32B | 1.68B | 2.63B |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2022 | FY 2022 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 662.86M | 417.77M | -1.75M | -625.52M | -419.51M | -194.16M |
| Payments to Acquire Property, Plant, and Equipment | 15.35M | 10.18M | 20.90M | 32.40M | 15.93M | 11.75M |
| Net Cash Provided by (Used in) Investing Activities | -166.00M | -566.60M | -90.36M | -208.77M | -195.02M | -227.34M |
| Payments for Repurchase of Common Stock | 571.53M | 48.07M | 0 | 0 | 17.83M | 288.79M |
| Net Cash Provided by (Used in) Financing Activities | -222.46M | -144.47M | -63.22M | -16.73M | 1.14B | 2.31B |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -55.52M | 316.52M | 330.99M | 47.94M | -121.66M | 323.16M |
| EBITDA | 77.51M | 225.76M | — | — | 23.79M | -73.08M |
| Working Capital | 29.30M | 59.54M | 168.70M | 452.15M | 301.93M | -121.23M |
| Net Debt | 918.45M | 762.28M | 678.32M | 647.97M | 799.20M | 546.79M |
| Gross Margin | 42.32% | 45.98% | 31.46% | 43.50% | 40.11% | 40.07% |
| Operating Margin | 0.36% | 7.63% | -23.77% | 9.96% | -3.29% | -9.99% |
| Net Margin | 1.28% | 6.86% | -22.45% | 10.44% | -2.40% | -9.68% |
| Return on Equity (ROE) | 3.48% | 21.60% | -35.07% | 15.64% | -3.88% | -13.34% |
| Return on Assets (ROA) | 0.49% | 3.01% | -5.55% | 3.53% | -0.75% | -3.15% |
| Current Ratio | 1.02× | 1.03× | 1.09× | 1.34× | 1.20× | 0.93× |
| Debt-to-Equity | 3.17× | 2.99× | 2.60× | 1.89× | 2.20× | 1.32× |
| Effective Tax Rate | 27.79% | 6.90% | 4.46% | 6.94% | 14.21% | 7.65% |
| Cash Conversion Ratio | -2.30× | 2.35× | -1.33× | 0.35× | 3.51× | -2.41× |
| Accruals Ratio | 0.02× | -0.04× | -0.13× | 0.02× | 0.02× | -0.11× |
| SBC % of Revenue | 3.96% | 5.19% | 20.63% | 10.81% | 5.60% | 7.90% |
| CapEx Coverage | -6.84× | 81.01× | 30.04× | 7.89× | -44.96× | 160.35× |
| Free Cash Flow Per Share | $-0.11 | $0.64 | $0.67 | $0.09 | $-0.25 | $0.67 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 308.86× | — | — | — | — | — |
| P/S | 1.75× | 2.82× | 3.40× | 4.20× | 3.28× | 3.76× |
| P/B | 18.25× | 27.06× | 25.36× | 22.49× | 18.77× | 17.74× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 1.65B | 1.99B | 1.14B | 1.51B | 1.41B | 1.39B |
| Cost of Revenue | 949.38M | 1.07B | 784.08M | 854.56M | 843.80M | 834.64M |
| Operating Income (Loss) | 5.85M | 151.76M | -271.89M | 150.64M | -46.33M | -139.18M |
| Income Tax Expense (Benefit) | 6.37M | 10.15M | -12.06M | 11.79M | -5.60M | -11.13M |
| Net Income (Loss) Attributable to Parent | 21.07M | 136.43M | -256.79M | 157.94M | -33.86M | -134.85M |
| Earnings Per Share, Basic | $0.04 | $0.28 | $-0.52 | $0.32 | $-0.07 | $-0.27 |
| Weighted Average Number of Shares Outstanding, Basic | 494.35M | 495.64M | 496.64M | 496.52M | 493.32M | 481.95M |
| Earnings Per Share, Diluted | $0.03 | $0.26 | $-0.52 | $0.30 | $-0.07 | $-0.27 |
| Weighted Average Number of Shares Outstanding, Diluted | 510.63M | 495.90M | 496.64M | 529.45M | 493.32M | 481.95M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 999.40M | 1.13B | 1.23B | 1.26B | 1.12B | 788.29M |
| Assets, Current | 1.58B | 1.82B | 1.95B | 1.79B | 1.80B | 1.53B |
| Assets | 4.31B | 4.53B | 4.62B | 4.47B | 4.52B | 4.28B |
| Liabilities, Current | 1.55B | 1.76B | 1.78B | 1.33B | 1.50B | 1.65B |
| Liabilities | 3.70B | 3.90B | 3.89B | 3.46B | 3.64B | 3.27B |
| Stockholders' Equity Attributable to Parent | 605.05M | 631.46M | 732.29M | 1.01B | 872.91M | 1.01B |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -48.44M | 320.47M | 342.38M | 54.91M | -119.02M | 325.19M |
| Payments to Acquire Property, Plant, and Equipment | 7.08M | 3.96M | 11.40M | 6.96M | 2.65M | 2.03M |
| Net Cash Provided by (Used in) Investing Activities | -48.21M | -49.89M | -116.11M | -74.28M | -39.02M | -78.42M |
| Payments for Repurchase of Common Stock | 98.64M | 257.57M | 313.95M | 242.74M | 142.28M | 48.07M |
| Net Cash Provided by (Used in) Financing Activities | -121.13M | -374.18M | 151.72M | 253.13M | 372.82M | -73.09M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (DKNG CIK 0001883685),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.