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
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DraftKings Inc. (DKNG) Gross margin
DraftKings Inc.'s gross margin over the twelve months to 30 June 2026 was 40.5%, down 0.7 percentage points from fiscal 2025 (41.3%). Over the past ten years it has ranged from 33.8% (fiscal 2022) to 78.5% (fiscal 2018); the current reading is higher than 63% of that period. That is below the Gambling industry median of 48.5% and above the Consumer Cyclical sector median of 34.3%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 41.3% | 3.14 |
| FY2024 | 38.1% | 0.65 |
| FY2023 | 37.5% | 3.71 |
| FY2022 | 33.8% | (4.97) |
| FY2021 | 38.7% | (4.88) |
| FY2020 | 43.6% | (24.28) |
| FY2019 | 67.9% | (10.60) |
| FY2018 | 78.5% | — |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 38.2% | (4.11) |
| Mar 2026 | 42.3% | (3.66) |
| Dec 2025 | 46.0% | 14.52 |
| Sep 2025 | 31.5% | (12.04) |
| 24 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| SGHC Super Group (SGHC) Limited compare | 100.0% |
| LNWO Light & Wonder, Inc. compare | 74.7% |
| BRSL Brightstar Lottery compare | 48.5% |
| FLUT Flutter Entertainment PLC compare | 41.6% |
| DKNG DraftKings Inc. | 40.5% |
| RSI Rush Street Interactive, Inc. compare | 35.5% |
| CHDN Churchill Downs, Incorporated compare | 34.1% |
| ACEL Accel Entertainment, Inc. compare | 31.4% |
| CDRO Codere Online Luxembourg, S.A. compare | 0.00% |
| Gambling industry median | 48.5% |
| Consumer Cyclical sector median | 34.3% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
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- Price to free cash flow
- EV/EBITDA
- EV/Sales
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