DraftKings Income 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
Revenue	6,055	4,768	3,665	2,240	1,296
Revenue Growth (YoY)	26.99%	30.07%	63.60%	72.87%	110.90%
Cost of Revenue	1,446	1,292	1,057	1,484	794.16
Gross Profit	4,608	3,475	2,608	756.19	501.86
Selling, General & Admin	2,040	1,921	1,804	1,932	1,785
Research & Development	459.91	397.11	355.16	318.25	253.66
Other Operating Expenses	2,111	1,658	1,235	-	-
Operating Expenses	4,611	3,977	3,395	2,251	2,038
Operating Income	-2.6	-501.37	-786.17	-1,494	-1,536
Interest Expense	-19.94	-	-	-2.65	-2.11
Interest & Investment Income	-	44.3	55.74	21.35	4.07
Earnings From Equity Investments	0.97	-0.47	-0.72	-2.9	2.72
Other Non Operating Income (Expenses)	4.72	-22.59	-57.77	50.1	42.02
EBT Excluding Unusual Items	-16.85	-480.13	-788.91	-1,429	-1,490
Merger & Restructuring Charges	-13.21	-26.39	-3.06	-17.32	-25.32
Gain (Loss) on Sale of Assets	-	-5.87	-	-	-
Legal Settlements	-	-81.25	-	-	-
Other Unusual Items	38.05	-	-	-	-
Pretax Income	7.98	-593.63	-791.97	-1,446	-1,515
Income Tax Expense	4.27	-86.34	10.17	-67.87	8.27
Net Income	3.71	-507.29	-802.14	-1,378	-1,523
Net Income to Common	3.71	-507.29	-802.14	-1,378	-1,523
Shares Outstanding (Basic)	496	482	463	437	402
Shares Outstanding (Diluted)	496	482	463	437	402
Shares Change (YoY)	2.89%	4.18%	5.98%	8.45%	31.71%
EPS (Basic)	0.01	-1.05	-1.73	-3.16	-3.78
EPS (Diluted)	-0.01	-1.05	-1.73	-3.16	-3.78
Free Cash Flow	647.5	407.59	-22.65	-657.92	-435.43
Free Cash Flow Per Share	1.31	0.85	-0.05	-1.51	-1.08
Gross Margin	76.11%	72.89%	71.17%	33.75%	38.72%
Operating Margin	-0.04%	-10.52%	-21.45%	-66.70%	-118.54%
Profit Margin	0.06%	-10.64%	-21.88%	-61.50%	-117.53%
Free Cash Flow Margin	10.70%	8.55%	-0.62%	-29.37%	-33.60%
EBITDA	272.88	-230.51	-584.25	-1,325	-1,415
EBITDA Margin	4.51%	-4.83%	-15.94%	-59.15%	-109.19%
D&A For EBITDA	275.49	270.85	201.92	169.25	121.14
EBIT	-2.6	-501.37	-786.17	-1,494	-1,536
EBIT Margin	-0.04%	-10.52%	-21.45%	-66.70%	-118.54%
Effective Tax Rate	53.53%	-	-	-	-
Advertising Expenses	1,125	1,050	984.4	964.9	831.1

Updated Feb 12, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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