DraftKings Inc. (DKNG)

NASDAQ: DKNG · Real-Time Price · USD

23.52

+0.41 (1.77%)

At close: Nov 5, 2026, 4:00 PM EST

18.29

-5.23 (-22.24%)

After-hours: Nov 5, 2026, 7:59 PM EST

DraftKings Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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	6,408	6,055	4,768	3,665	2,240	1,296
Revenue Growth	17.39%	26.99%	30.07%	63.60%	72.87%	110.90%
Gross Profit	4,702	4,608	3,475	2,608	756.19	501.86
Operating Income	-390.48	-2.6	-473.57	-786.17	-1,494	-1,536
Net Income	-378.83	3.71	-507.29	-802.14	-1,378	-1,523
Earnings Per Share	-0.78	-0.01	-1.05	-1.73	-3.16	-3.78
EPS Growth	-	-	-	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Sports	4,121	3,827	2,903	2,106	1,033
iGaming	1,884	1,805	1,508	1,217	821.85
Other Products	402.03	422.82	357.03	342.24	385.83
Revenue (Total)	-	6,055	4,768	3,665	2,240

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Cash & Investments	1,101	1,128	788.29	1,271	1,327	2,180
Total Debt	2,283	1,890	1,335	1,346	1,325	1,319
Net Cash (Debt)	-1,182	-762.28	-546.8	-75.58	2.73	861.49
Net Cash Growth	-	-	-	-	-99.68%	-50.37%
Net Cash Per Share	-2.37	-1.54	-1.13	-0.16	0.01	2.14

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Operating Cash Flow	383.5	662.86	417.77	-1.75	-625.52	-419.51
Capital Expenditures	-59.39	-15.35	-10.18	-20.9	-32.4	-15.93
Free Cash Flow	324.11	647.5	407.59	-22.65	-657.92	-435.43
Free Cash Flow Growth	-50.45%	58.86%	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Gross Margin	73.39%	76.11%	72.89%	71.17%	33.75%	38.72%
Operating Margin	-6.09%	-0.04%	-9.93%	-21.45%	-66.70%	-118.54%
Pretax Margin	-5.57%	0.13%	-12.45%	-21.61%	-64.53%	-116.89%
Profit Margin	-5.91%	0.06%	-10.64%	-21.88%	-61.50%	-117.53%
FCF Margin	5.06%	10.70%	8.55%	-0.62%	-29.37%	-33.60%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 6, 2026	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
PE Ratio	-	4623.52	-	-	-	-
Forward PE	65.28	114.22	215.52	-	-	-
P/FCF Ratio	36.10	26.49	44.51	-	-	-
PS Ratio	1.83	2.83	3.81	4.48	2.28	8.62