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. In the quarter to June 2026, revenue fell 4.58%, EPS fell 143.8%, free cash flow fell 51.6% and total debt was flat, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.

18.90 0.41 −2.12%
Market cap
$17.2B
P/E
0.0×
Fwd P/E
90.5×
Dividend yield
—
F-score
7/9
Altman Z
1.98
Beneish M
−2.60
Dividend safety
n/a

Insider Decisions trades per month

Total buys 3.25
Total sells 20.75
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy 2 — — 1 — — — — — — — —
Sell 2 1 1 1 3 — 2 1 — 1 — —
Insider Ownership 16.91%

Capital & Financial Ratios $m

Market Cap 17,180.00
Revenue 6,222.52
Net Income (166.90)
Free Cash Flow 497.12
Net Debt 447.49
Current Ratio 1.02
Debt/Equity 3.22 (above 2: weak)
P/E ratio 0.00
Fwd P/E 90.50 (above 35: high)
P/S ratio 1.51
P/B ratio 16.47 (above 6: high)
Past 5Y EPS Growth —
This Y EPS Growth 890.73% (at or above 15%: strong)
Next Y EPS Growth 764.95% (at or above 15%: strong)
Next Y revenue growth 10.26% (at or above 10%: strong)
Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 0.19%
10-year low 10-year high
P/B against its own 10 years 50.85%
10-year low 10-year high
EV/Sales against its own 10 years 0.19%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
predictions special payouts not included in total or ratios

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%)

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.

EPS $

Mar Jun Sep Dec Year
’26 0.04 (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.

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — — 9.76 10.60 25.80 9.77 10.98 28.69 26.23

Analyst estimates 2026–2028

Powerpack
High — — — 11.04 64.19 74.38 28.55 39.35 49.57 53.61
People
People Employees — — — 6 2,600 3,400 4,200 4,400 5,100 5,500
Revenue/emp, $m — — 0.00 53.90 0.24 0.38 0.53 0.83 0.93 1.10
Income, $m
Income, $m Revenue — — 226 323 615 1,296 2,240 3,665 4,768 6,055
Gross margin, % — — 78.48 67.88 43.60 38.72 33.75 37.46 38.11 41.25
EBT — — (76) (142) (1,232) (1,518) (1,443) (791) (593) 7
EBT margin, % — — (33.64) (43.97) (200.46) (117.10) (64.40) (21.59) (12.44) 0.12
Net income — 0 (76) (143) (1,232) (1,523) (1,378) (802) (507) 4
Depreciation — — 7 14 77 121 169 202 271 275
Per share, $
Per share, $ Revenue — — 1.33 1.75 2.01 3.22 5.13 7.92 9.89 12.22
Earnings — — (0.45) (0.77) (4.03) (3.78) (3.16) (1.73) (1.05) 0.01
Cash flow — — (0.27) (0.25) (0.64) (1.04) (1.43) 0.00 0.87 1.34
Capex — — (0.16) (0.23) (0.15) (0.24) (0.24) (0.25) (0.25) (0.30)
Free cash flow — — (0.43) (0.48) (0.79) (1.29) (1.67) (0.25) 0.62 1.04
Book value — — 0.00 (0.27) 8.61 4.17 3.03 1.82 2.10 1.27
Shares, m — — 170 185 306 402 437 463 482 496
Valuation, ×
Valuation, × P/E — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,446.00
P/S — — 0.00 0.00 23.15 8.53 2.15 4.24 3.76 2.82
P/B — — 0.00 397.37 5.41 6.59 3.65 18.49 17.74 27.05
EV/Sales — — 0.00 0.00 19.84 7.47 1.92 4.14 3.75 2.86
EV/FCF — — 0.00 (18.69) (50.75) (18.69) (5.89) (131.71) 62.82 33.93
Cash, $m
Cash, $m Operating cash flow — — (46) (47) (194) (420) (626) (2) 418 663
Capex — — (27) (42) (46) (98) (104) (113) (121) (147)
Free cash flow — — (72) (89) (240) (518) (729) (115) 297 516
Balance, $m
Balance, $m Working capital — — — 6 1,640 1,824 838 522 (121) 60
Total debt — — — 75 69 1,248 1,251 1,254 1,256 1,836
Net debt — — — (145) (2,036) (1,381) (528) (370) (74) 231
Shareholders’ equity — — — (50) 2,631 1,679 1,323 840 1,011 631
Returns, %
Returns, % ROA — — 0.00 (86.32) (65.35) (40.57) (33.99) (20.09) (12.33) 0.08
ROIC — — 0.00 0.00 (88.52) (328.47) (118.85) (104.82) (40.63) (1.15)
ROE — — 0.00 (11.06) (95.43) (70.68) (91.83) (74.17) (54.81) 0.45
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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. $17.2B — (loss-making) 90.5× −4.58% (below 0%: shrinking) n/m −51.62% (below 0%: shrinking) 38.21% (4.72%)
FLUT Flutter Entertainment PLC $13.2B — (loss-making) 43.5× +3.32% (above 0%: growing) n/m +21.15% (above 0%: growing) 39.60% (3.33%) Compare
LNWO Light & Wonder, Inc. $7.0B 24.0× 15.2× +2.35% (above 0%: growing) +38.39% (above 0%: growing) +464.29% (above 0%: growing) 74.64% 26.93% Compare
CHDN Churchill Downs, Incorporated $5.7B 14.0× 12.1× +4.93% (above 0%: growing) +13.58% (above 0%: growing) +2.58% (above 0%: growing) 42.76% 36.43% Compare
SGHC Super Group (SGHC) Limited $5.7B 15.1× 14.9× +32.30% (above 0%: growing) +100.00% (above 0%: growing) −39.92% (below 0%: shrinking) 100.00% 25.15% Compare
RSI Rush Street Interactive, Inc. $4.4B 61.7× 69.2× +46.27% (above 0%: growing) −44.44% (below 0%: shrinking) +128.07% (above 0%: growing) 35.47% 11.74% Compare
BRSL Brightstar Lottery $1.8B 7.3× 16.1× −7.45% (below 0%: shrinking) n/m −719.07% (below 0%: shrinking) 46.92% 19.69% Compare
ACEL Accel Entertainment, Inc. $898.0M 15.8× 16.9× +9.59% (above 0%: growing) +66.67% (above 0%: growing) +266.72% (above 0%: growing) 31.30% 8.71% Compare
CDRO Codere Online Luxembourg, S.A. $437.9M — (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 $5.1B 15.5× 16.1× +7.26% +52.53% +74.61% 44.84% 15.72%

All 16 Gambling stocks →

DraftKings Inc. (DKNG) key facts

  • Strength: DraftKings Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.1 billion, up 27.0% from fiscal 2024.
  • DraftKings Inc. (DKNG) is a Gambling company in the Consumer Cyclical sector, listed on Nasdaq.
  • As of October 16, 2026, DKNG traded at $18.90, a market capitalization of $17.2 billion.
  • Return on equity was 0.45% and debt-to-equity 3.22.
  • Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 1.98 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

DraftKings Inc. (DKNG) Latest News

stockrow.com/DKNG · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com