Pricing Log in Create free account
Friday 6 November 2026 Export DKNG’s income statement to Excel — free account

DraftKings Inc.

DKNG Consumer Cyclical Gambling

DraftKings Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.1 billion, up 27.0% from fiscal 2024.

Revenue
−4.58%
EPS
−143.8%
Free cash flow
−51.6%
Total debt
−0.07%

Quarter to June 2026, against a year earlier

23.40 0.29 +1.25%
Market cap
$20.9B
P/E
0.0×
Fwd P/E
−405×
Dividend yield
—
F-score
7/9
Altman Z
1.98
Beneish M
−2.60
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Insider Decisions last twelve months

Bought, $m 2.19
Sold, $m 17.18
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — 1 — — — — — — — — —
Sell — 1 1 3 — 2 1 — 1 — — —
Insider Ownership 16.91%

Capital & Financial Ratios $m

Size
Market Cap 20,920.00
Revenue ttm 6,222.52
Net income ttm (166.90)
Free cash flow ttm 497.12
Net debt Q 447.49
Valuation
P/E 0.00
Forward P/E (405.00) (negative: loss-making)
Price / sales 1.87
Forward P/S Powerpack
Price / FCF 23.35
Price / book 20.39 (above 6: high)
Financial health
Current ratio Q 1.02
Debt / equity Q 3.22 (above 2: weak)
Interest coverage Q (9.17)
Growth
Revenue growth Q −4.58% (below 0%: shrinking)
Operating income growth Q −145.26% (below 0%: shrinking)
EPS, this year −2,034.09% (below 0%: weak)
EPS, next year A +543.63% (at or above 15%: strong)
Revenue, next year A +10.13% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.9×, against a ten-year median of 4.1×; over the ten years it ranged from 1.6× in 2026 to 54.6× in 2020.
P/S against its own 10 years 4.70%
10-year low 10-year high
P/B against its own 10 years 67.25%
10-year low 10-year high
EV/Sales against its own 10 years 4.82%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,623 1,330 1,605 1,388
Receivables 349 58 106 82
Inventory — — — —
Other — — — —
2,071 1,534 1,815 1,577
2023 2024 2025 Q'26
Payables 640 661 785 689
ST’ Debt — — — —
Other 899 983 960 852
1,550 1,655 1,755 1,551

Compound Annual Growth %

10y 5y 3y
Sales — 58.02% 39.29%
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — (24.83%) (21.84%)

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.22 Actual 0.09

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 −0.24 −0.26 Miss by 0.02
Q4 FY25 0.50 0.36 Miss by 0.14
Q1 FY26 0.22 0.20 Miss by 0.02
Q2 FY26 0.22 0.09 Miss by 0.13
Q3 FY26 −0.21 — Reports 5 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.03 (0.14) — — —
’25 (0.07) 0.30 (0.52) 0.25 (0.01)
’24 (0.30) 0.12 (0.60) (0.28) (1.05)
’23 (0.87) (0.17) (0.61) (0.10) (1.73)
’22 (1.14) (0.50) (1.00) (0.53) (3.16)
’21 (0.87) (0.76) (1.35) (0.80) (3.78)
’20 (0.37) (1.80) (0.98) (0.69) (4.03)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,646 1,443 — — —
’25 1,409 1,513 1,144 1,989 6,055
’24 1,175 1,104 1,095 1,393 4,768
’23 770 875 790 1,231 3,665
’22 417 466 502 855 2,240
’21 312 298 213 473 1,296
’20 89 71 133 322 615
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (48) 111 — — —
’25 (119) 174 287 320 663
’24 (70) 29 134 325 418
’23 (201) (18) 145 72 (2)
’22 (357) (173) 52 (148) (626)
’21 (60) (117) (71) (172) (420)
’20 (51) (96) 19 (66) (194)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (93) 67 — — —
’25 (155) 138 248 279 516
’24 (108) 4 89 298 297
’23 (229) (41) 105 50 (115)
’22 (379) (198) 29 (182) (729)
’21 (71) (137) (89) (221) (518)
’20 (57) (112) 6 (78) (240)
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 22.3% a year for ten years.

Implied
22.3%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — 226 323 615 1,296 2,240 3,665 4,768 6,055 6,223 +59.9% 6,668 7,591 8,514 +12.0%
Gross margin, % — — 78.48 67.88 43.60 38.72 33.75 37.46 38.11 41.25 40.54 (37.2) pt
EBT — — (76) (142) (1,232) (1,518) (1,443) (791) (593) 7 (170) n/m
EBT margin, % — — (33.64) (43.97) (200.46) (117.10) (64.40) (21.59) (12.44) 0.12 (2.73) +33.8 pt
Net income — 0 (76) (143) (1,232) (1,523) (1,378) (802) (507) 4 (167) n/m
Per share, $
Per share, $ Revenue — — 1.33 1.75 2.01 3.22 5.13 7.92 9.89 12.22 12.54 +37.2%
Earnings — — (0.45) (0.77) (4.03) (3.78) (3.16) (1.73) (1.05) 0.01 (0.34) n/m
Cash flow — — (0.27) (0.25) (0.64) (1.04) (1.43) 0.00 0.87 1.34 1.35 n/m
Capex — — (0.16) (0.23) (0.15) (0.24) (0.24) (0.25) (0.25) (0.30) (0.35) +9.5%
Free cash flow — — (0.43) (0.48) (0.79) (1.29) (1.67) (0.25) 0.62 1.04 1.00 n/m
Book value — — 0.00 (0.27) 8.61 4.17 3.03 1.82 2.10 1.27 1.15 n/m
Shares, m — — 170 185 306 402 437 463 482 496 496 +16.5%
Valuation, ×
Valuation, × P/E — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,446.00 0.00 430.8
P/S — — 0.00 0.00 23.15 8.53 2.15 4.24 3.76 2.82 1.87 5.6
P/B — — 0.00 397.37 5.41 6.59 3.65 18.49 17.74 27.05 20.39 59.5
EV/Sales — — 0.00 0.00 19.84 7.47 1.92 4.14 3.75 2.86 1.94 5.0
EV/FCF — — 0.00 (18.69) (50.75) (18.69) (5.89) (131.71) 62.82 33.93 24.25 (16.1)
Cash, $m
Cash, $m Operating cash flow — — (46) (47) (194) (420) (626) (2) 418 663 671 n/m
Capex — — (27) (42) (46) (98) (104) (113) (121) (147) (174) +27.6%
Free cash flow — — (72) (89) (240) (518) (729) (115) 297 516 497 n/m
Balance, $m
Balance, $m Working capital — — — 6 1,640 1,824 838 522 (121) 60 26 +46.3%
Net debt — — — (145) (2,036) (1,381) (528) (370) (74) 231 447 n/m
Shareholders’ equity — — — (50) 2,631 1,679 1,323 840 1,011 631 569 n/m
Returns, %
Returns, % ROA — — 0.00 (86.32) (65.35) (40.57) (33.99) (20.09) (12.33) 0.08 (3.81) +0.1 pt
ROIC — — 0.00 0.00 (88.52) (328.47) (118.85) (104.82) (40.63) (1.15) (11.21) (1.1) pt
ROE — — 0.00 (11.06) (95.43) (70.68) (91.83) (74.17) (54.81) 0.45 (21.14) +0.4 pt
People
People Employees — — — 6 2,600 3,400 4,200 4,400 5,100 5,500 — +211.7%
Revenue/emp, $m — — 0.00 53.90 0.24 0.38 0.53 0.83 0.93 1.10 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026

Business profile

Updated

DraftKings is a digital sports entertainment and gaming company that serves people who want to wager, play online casino games, enter fantasy sports contests or participate in other real-money activities. Jason D. Robins is its chief executive officer.

Its Sportsbook lets customers place bets online or at retail locations. DraftKings sets the odds for each bet and pays customers when they win. Its iGaming offering is an online casino where customers play games such as blackjack, roulette and slots against the house.

DraftKings Inc. vs peers in Gambling (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
DKNG DraftKings Inc. $20.9B — (loss-making) — (loss-making) −4.58% (below 0%: shrinking) n/m −51.62% (below 0%: shrinking) 38.21% (4.72%)
FLUT Flutter Entertainment PLC $14.4B — (loss-making) — (loss-making) +2.11% (above 0%: growing) n/m +664.00% (above 0%: growing) 39.18% (30.74%) Compare
LNWO Light & Wonder, Inc. $7.0B 21.8× 16.5× −2.02% (below 0%: shrinking) +27.01% (above 0%: growing) +124.76% (above 0%: growing) 75.61% 29.37% Compare
CHDN Churchill Downs, Incorporated $6.7B 15.2× 14.0× +1.90% (above 0%: growing) +111.65% (above 0%: growing) +252.66% (above 0%: growing) 29.74% 20.55% Compare
SGHC Super Group (SGHC) Limited $5.9B 14.0× 12.7× +9.69% (above 0%: growing) +46.95% (above 0%: growing) −17.12% (below 0%: shrinking) 100.00% 27.66% Compare
RSI Rush Street Interactive, Inc. $2.7B 24.3× 30.9× +38.84% (above 0%: growing) +313.00% (above 0%: growing) +90.25% (above 0%: growing) 36.39% 11.05% Compare
BRSL Brightstar Lottery $1.8B 7.7× 17.2× −7.45% (below 0%: shrinking) n/m −719.07% (below 0%: shrinking) 46.92% 19.69% Compare
ACEL Accel Entertainment, Inc. $1.1B 17.6× 16.1× +10.27% (above 0%: growing) +57.13% (above 0%: growing) +79.67% (above 0%: growing) 31.38% 7.92% Compare
CDRO Codere Online Luxembourg, S.A. $387.0M — (loss-making) — +232.74% (above 0%: growing) +94.12% (above 0%: growing) +7,111.62% (above 0%: growing) 47.71% 0.00% Compare
Median of peers $4.3B 16.4× 16.3× +5.90% +75.63% +107.51% 43.05% 15.37%

All 15 Gambling stocks →

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
Needham Nov 2, 2026 Target cut Buy 35.00 → 30.00
Bank of America Oct 31, 2026 Upgrade Buy —
JPMorgan Oct 22, 2026 Target cut Outperform 33.00 → 30.00
Morgan Stanley Oct 19, 2026 Target cut Outperform 36.00 → 31.00
Jefferies Oct 15, 2026 Reiterated Buy 44.00
Susquehanna Oct 15, 2026 Target cut Outperform 33.00 → 27.00
Guggenheim Oct 9, 2026 Reiterated Buy —
Citizens Sep 30, 2026 Target cut — 37.00 → 35.00
BTIG Sep 30, 2026 Target cut Buy 30.00 → 25.00

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 45.62%
Held by the ten largest 25.24%
Holder Shares Stake Change
Vanguard 44.66m 5.02% +999.86k
CIBC Bancorp USA Inc. 37.32m 4.20% +25.08m
AQR Capital Management 29.53m 3.32% +6.78m
Jupiter Topco 25.27m 2.84% +25.27m
Capital Group 24.80m 2.79% −2.19m
BlackRock 22.96m 2.58% −3.64m
Norges Bank 11.85m 1.33% +11.85m
SPRUCE HOUSE INVESTMENT MANAGEMENT LLC 9.65m 1.08% 0.00
Geode Capital Management 9.52m 1.07% −186.99k
PointState Capital LP 8.99m 1.01% +8.99m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 26 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 22.60m 20.40m —
2024 20.90m 33.90m —
2023 20.80m 168.20m —
2022 47.50m (28.40m) —
2021 14.00m (67.40m) —

Ownership

Directors and executive officers, together 88.50% of the votes
Jason D. Robins 88.30% of the votes
The Vanguard Group less than 1% of the votes
FMR LLC less than 1% of the votes
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

DraftKings Inc. (DKNG) Latest News

5 Nov

Impact 4 · · StockStory
Impact 4 · · Bloomberg
Impact 4 · · Benzinga
Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · Associated Press
Impact 3 · · TIKR

4 Nov

Impact 3 · · TIKR
Impact 3 · · 24/7 Wall St.

2 Nov

Impact 3 · · TIKR

31 Oct

Impact 3 · · TIKR

29 Oct

Impact 4 · · beincrypto.com
Impact 4 · · TheStreet
Impact 3 · · Zacks

26 Oct

Impact 4 · · TIKR
Impact 3 · · Zacks

23 Oct

Impact 3 · · Trefis
Impact 3 · · Simply Wall St.

22 Oct

Impact 4 · · TIKR
Impact 4 · · MarketBeat
Impact 3 ·
Impact 3 · · TIKR

21 Oct

Impact 4 · · Trefis
Impact 3 · · StockStory

19 Oct

Impact 3 · · TIKR
Impact 3 · · Zacks

16 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

15 Oct

Impact 4 · · 24/7 Wall St.
Impact 4 · · Insider Monkey

DKNG metrics, ten years each

stockrow.com/DKNG · Data as of Oct 25, 2026 · For information only; not investment advice. · © 2026 stockrow.com