DraftKings Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	3.71	-507.29	-802.14	-1,378	-1,523
Depreciation & Amortization	275.49	270.85	201.92	169.25	121.14
Stock-Based Compensation	339.31	381.37	398.46	578.8	683.29
Other Adjustments	-5.52	-68.12	23.51	-117.31	-57.49
Change in Receivables	2.99	238.2	-138.13	-102.81	-23.49
Changes in Accounts Payable	132.18	-18.2	103.59	95.27	167.93
Changes in Income Taxes Payable	15.24	3.57	2.95	-9.27	13.23
Changes in Other Operating Activities	-53.07	111.51	166.47	138.53	199.08
Operating Cash Flow	662.86	417.77	-1.75	-625.52	-419.51
Operating Cash Flow Growth	58.67%	-	-	-	-
Capital Expenditures	-15.35	-10.18	-20.9	-32.4	-15.93
Purchases of Intangible Assets	-139.11	-110.68	-92.48	-71.24	-82.35
Proceeds from Sale of Investments	-	-	24.43	-	-25
Payments for Business Acquisitions	-16.38	-441.49	-	-96.51	-64.97
Other Investing Activities	4.85	-4.26	-1.4	-8.61	-6.78
Investing Cash Flow	-166	-566.6	-90.36	-208.77	-195.02
Long-Term Debt Issued	588.12	-	-	-	1,248
Long-Term Debt Repaid	-4.5	-	-	-	-
Net Long-Term Debt Issued (Repaid)	583.62	-	-	-	1,248
Issuance of Common Stock	25.82	9.17	16.83	8.79	32.17
Repurchase of Common Stock	-829.29	-150.96	-80.05	-25.52	-17.83
Net Common Stock Issued (Repurchased)	-803.47	-141.8	-63.22	-16.73	14.34
Other Financing Activities	-2.6	-2.67	-	-	-123.55
Financing Cash Flow	-222.46	-144.47	-63.22	-16.73	1,139
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-	-	-	-	0.58
Net Cash Flow	274.4	-293.3	-155.33	-851.02	524.87
Free Cash Flow	647.5	407.59	-22.65	-657.92	-435.43
Free Cash Flow Growth	58.86%	-	-	-	-
FCF Margin	10.69%	8.55%	-0.62%	-29.37%	-33.60%
Free Cash Flow Per Share	1.31	0.85	-0.05	-1.51	-1.08
Levered Free Cash Flow	941.82	-149.73	-348.11	-1,017	210.28
Unlevered Free Cash Flow	348.31	-162.8	-345.34	-1,079	-1,085

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.