DKNG · Draftkings Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.65B | - | $1.14B | $1.10B | $1.17B | - | - | - | - | - |
| Cost of Revenue | $949.38M | - | $784.08M | $854.56M | $843.80M | - | $742.43M | $663.41M | $710.07M | - |
| Gross Profit | $696.69M | - | $359.94M | $249.88M | $331.19M | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $165.93M | - | $156.78M | $165.70M | $164.39M | - | $208.13M | $165.08M | $174.25M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $5.85M | - | ($271.89M) | $150.64M | ($46.33M) | - | ($298.59M) | ($32.39M) | ($138.84M) | - |
| Interest Expense | - | - | - | $11.64M | $649.0K | - | $872.0K | $678.0K | $649.0K | - |
| Income Tax | $6.37M | - | ($12.06M) | $11.79M | ($5.60M) | - | ($1.29M) | ($73.57M) | ($351.0K) | - |
| Net Income | $21.07M | - | ($256.79M) | $157.94M | ($33.86M) | - | ($293.69M) | $63.82M | ($142.57M) | - |
| EPS - Basic | $0.04 | - | ($0.52) | $0.32 | ($0.07) | - | ($0.60) | $0.13 | ($0.30) | - |
| EPS - Diluted | $0.03 | - | ($0.52) | $0.30 | ($0.07) | - | ($0.60) | $0.10 | ($0.30) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $999.40M | $1.13B | $1.23B | $1.26B | $1.12B | $788.29M | $877.82M | $815.88M | $1.19B | $1.27B |
| Accounts Receivable | $86.12M | $105.58M | $65.56M | $68.95M | $66.58M | $57.84M | $64.36M | $65.01M | $53.32M | $47.54M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | $67.86M | - | - | - | $53.66M | - | - | - | $34.13M |
| Current Assets | $1.58B | $1.82B | $1.95B | $1.79B | $1.80B | $1.53B | $1.64B | $1.52B | $1.94B | $2.07B |
| Total Assets | $4.31B | $4.53B | $4.62B | $4.47B | $4.52B | $4.28B | $4.27B | $4.22B | $3.80B | $3.94B |
| Current Liabilities | $1.55B | $1.76B | $1.78B | $1.33B | $1.50B | $1.65B | $1.65B | $1.37B | $1.44B | $1.55B |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $3.70B | $3.90B | $3.89B | $3.46B | $3.64B | $3.27B | $3.20B | $2.92B | $2.97B | $3.10B |
| Stockholders' Equity | $605.05M | $631.46M | $732.29M | $1.01B | $872.91M | $1.01B | $1.08B | $1.30B | $830.98M | $840.31M |
| Retained Earnings | ($6.42B) | ($6.44B) | ($6.57B) | ($6.32B) | ($6.48B) | ($6.44B) | ($6.31B) | ($6.01B) | ($6.08B) | ($5.93B) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($48.44M) | - | - | - | ($119.02M) | - | - | - | ($70.39M) | - |
| Investing Cash Flow | ($48.21M) | - | - | - | ($39.02M) | - | - | - | ($39.20M) | - |
| Financing Cash Flow | ($121.13M) | - | - | - | $372.82M | - | - | - | ($30.64M) | - |
| CapEx | $7.08M | - | - | - | $2.65M | - | - | - | $3.02M | - |
| Free Cash Flow | ($55.52M) | - | - | - | ($121.66M) | - | - | - | ($73.42M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 42.3% | - | 31.5% | 22.6% | 28.2% | - | - | - | - | - |
| Operating margin | 0.4% | - | -23.8% | 13.6% | -3.9% | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | 1.3% | - | -22.4% | 14.3% | -2.9% | - | - | - | - | - |
| Free cash flow margin | -3.4% | - | - | - | -10.4% | - | - | - | - | - |
| FCF / Net income | -2.64 | - | - | - | 3.59 | - | - | - | 0.51 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 10.1% | - | 13.7% | 15.0% | 14.0% | - | - | - | - | - |
| Effective tax rate | 23.2% | - | - | 6.9% | - | - | - | - | - | - |
| Return on assets | 0.5% | - | -5.6% | 3.5% | -0.7% | - | -6.9% | 1.5% | -3.8% | - |
| Return on equity | 3.5% | - | -35.1% | 15.6% | -3.9% | - | -27.3% | 4.9% | -17.2% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.02 | 1.03 | 1.09 | 1.34 | 1.20 | 0.93 | 1.00 | 1.11 | 1.34 | 1.34 |
| Quick ratio | 1.02 | 1.03 | 1.09 | 1.34 | 1.20 | 0.93 | 1.00 | 1.11 | 1.34 | 1.34 |
| Cash ratio | 0.65 | 0.64 | 0.69 | 0.95 | 0.75 | 0.48 | 0.53 | 0.59 | 0.83 | 0.82 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | 12.9x | -71.4x | - | -342.4x | -47.8x | -213.9x | - |
| Equity multiplier | 7.12 | 7.18 | 6.31 | 4.43 | 5.17 | 4.24 | 3.97 | 3.25 | 4.57 | 4.69 |
| Liabilities / Assets | 0.86 | 0.86 | 0.84 | 0.77 | 0.81 | 0.76 | 0.75 | 0.69 | 0.78 | 0.79 |
| Efficiency | ||||||||||
| Asset turnover | 0.38 | - | 0.25 | 0.25 | 0.26 | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 19d | - | 21d | 23d | 21d | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 720.7x | - | - | 143.0x | - | - | - | 381.7x | - | - |
| P / B | 18.2x | - | 25.4x | 22.5x | 18.8x | - | 17.7x | 15.3x | 25.9x | - |
| P / S | 6.7x | - | 16.2x | 20.6x | 13.9x | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 40.1% | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 110.4% | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | 8.9% | - | 66.6% | - | -4.2% | 53.1% | 64.4% | - |
| Net income growth (YoY) | - | - | 12.6% | 147.5% | 76.2% | - | -3.7% | - | 64.1% | - |
| EPS growth (YoY) | - | - | 13.3% | 200.0% | 76.7% | - | 1.6% | - | 65.5% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 54.4% | - | - | - | -65.7% | - | - | - | 64.8% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -30.7% | -37.5% | -32.0% | -22.2% | 5.0% | 20.3% | 34.3% | 27.5% | -18.4% | -36.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$6.05B totalReportable Segment$6.05B · 100.0%
Product / service
$6.08B totalSportsbook$3.83B · 62.9%
IGaming$1.80B · 29.7%
Product And Service Other$422.82M · 7.0%
Product And Service Other Interest Income$25.60M · 0.4%
Geographic
$6.05B totalUS$5.90B · 97.4%
Non Us$159.06M · 2.6%
Peer comparison
Same SIC group: Services-Miscellaneous Amusement & Recreation
Comparing DraftKings Inc. against the 5 most active filers in the same SIC group.