DraftKings (DKNG)
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DraftKings Inc. is a digital sports entertainment and gaming company best known for its online sportsbook, iGaming platform, and daily fantasy sports products. The business began in fantasy sports in 2012 and later became one of the main beneficiaries of the legalisation of sports betting across many US states after the 2018 Supreme Court decision that struck down the federal ban on state-authorised wagering.
The company’s core offering allows customers to place wagers on professional and college sports through mobile apps and, in some jurisdictions, retail sportsbook locations. DraftKings also operates online casino games, including slots, table games, and live dealer products, in states where iGaming is permitted. Its fantasy sports platform remains part of the business, while lottery and newer prediction-market initiatives broaden the company’s exposure to regulated digital wagering and entertainment.
DraftKings competes in a highly promotional market against other large sportsbook and casino operators, but it generally holds one of the leading revenue-share positions in many states where it is active. Its scale is supported by a national brand, a large customer database, in-house technology, and frequent cross-selling between sports betting, casino gaming, and fantasy products.
Revenue is generated mainly from sports wagering and online casino activity, with fantasy and lottery contributing a smaller share. The company’s performance is influenced by state-by-state regulation, customer acquisition costs, sports results, tax rates, and the pace at which new jurisdictions approve online betting and iGaming.
Last updated
- Market Cap
- $12,065,852,829
- P/E
- 205.75
- P/FCF
- 16.91
- P/S
- 1.92
- Enterprise Value
- $12,901,759,829
- Sector
- Consumer Discretionary
- Industry
- Miscellaneous Amusement And Recreation
- Address
- 222 BERKELEY STREET, BOSTON, MA, 02116
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- Market Cap
Market cap is the total value of a company's shares, calculated by multiplying the stock price by the number of shares outstanding.
- $12,065,852,829
- Enterprise Value
Enterprise value is the total value of a company, including its market cap, debt, and cash.
- $12,901,759,829
- P/E
P/E ratio compares a company's share price to its earnings per share.
- 205.75
- P/B
P/B ratio compares a company's share price to its book value per share.
- 19.94
- P/S
P/S ratio compares a company's share price to its revenue per share.
- 1.92
- EV / EBITDA
EV/EBITDA measures a company's value compared to its earnings before interest, taxes, depreciation, and amortization.
- 41.17
- EV / Sales
EV/Sales measures a company's value compared to its total revenue.
- 2.05
- EPS
- 0.12
- Dividend Yield
Dividend yield shows how much a company pays in dividends each year compared to its share price.
- 0%
- P/FCF
Price-to-free-cash-flow ratio compares a company's share price to the cash it generates after expenses and investments.
- 16.91
- P/CF
P/CF ratio compares a company's share price to the cash flow it generates from its operations.
- 16.45
- Free Cash Flow
Free cash flow is the cash a company has left after covering operating costs and capital expenses.
- $713,644,000
- ROE
ROE measures how effectively a company uses shareholders' equity to generate profit.
- 9.69%
- ROA
ROA measures how effectively a company uses its assets to generate profit.
- 1.36%
- Debt / Equity
Debt-to-equity ratio compares a company's total debt to its shareholders' equity.
- 3.03
- Current Ratio
Current ratio measures a company's ability to pay short-term debts using its short-term assets.
- 0.77
- Quick Ratio
Quick ratio measures a company's ability to pay short-term debts using cash and other easily available assets.
- 0.77
- Cash
Cash ratio measures a company's ability to cover short-term debts using only cash and cash equivalents.
- 0.65
- Avg Volume
Average volume shows the average number of shares traded over the last 30 trading days, helping indicate liquidity.
- $12,458,749
- Fundamentals Snapshot Price
Fundamentals snapshot price is the stock price used when calculating the company's financial ratios and metrics.
- 24.32
Income Statement
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Revenue | 1.65B | 1.99B | 1.14B | 1.51B | 1.41B |
| Cost of revenue | 949.39M | 1.07B | 784.08M | 854.56M | 843.8M |
| Gross profit | 696.69M | 914.69M | 359.94M | 657.95M | 565M |
| Operating income | 5.85M | 151.76M | -271.89M | 150.64M | -46.33M |
| EBITDA | 77.51M | 225.76M | -205.82M | 215.94M | 23.79M |
| Net income | 21.07M | 136.43M | -256.79M | 157.94M | -33.86M |
| Income taxes | 6.37M | 10.15M | -12.07M | 11.79M | -5.6M |
| Interest expense | — | — | — | -11.64M | — |
| Other operating expenses | 0 | 0 | 0 | 0 | 0 |
| Total operating expenses | 690.84M | 762.93M | 631.83M | 507.3M | 611.33M |
| Basic EPS | 0.04 | 0.28 | -0.52 | 0.32 | -0.07 |
| Diluted EPS | 0.03 | 0.26 | -0.52 | 0.3 | -0.07 |
Balance Sheet
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Total assets | 4.31B | 4.53B | 4.62B | 4.47B | 4.52B |
| Total liabilities | 3.7B | 3.9B | 3.89B | 3.46B | 3.64B |
| Total equity | 605.05M | 631.46M | 732.29M | 1.01B | 872.92M |
| Cash & equivalents | 999.4M | 1.13B | 1.23B | 1.26B | 1.12B |
| Current assets | 1.19B | 1.34B | 1.47B | 1.78B | 1.38B |
| Current liabilities | 1.55B | 1.76B | 1.78B | 1.33B | 1.5B |
| Accounts payable | 703.99M | 785.44M | 711.39M | 553.16M | 577.08M |
| Receivables | 86.12M | 105.58M | 121.47M | 136.57M | 147.53M |
| Goodwill | 1.6B | 1.6B | 1.56B | 1.56B | 1.56B |
| Long-term debt | 1.84B | 1.84B | 1.84B | 1.84B | 1.84B |
Cash Flow
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Operating cash flow | -48.44M | 320.47M | 287.48M | 173.92M | -119.02M |
| Investing cash flow | -48.21M | -49.89M | -41.83M | -35.26M | -39.02M |
| Financing cash flow | -121.13M | -374.18M | -101.41M | -119.69M | 372.82M |
| Change in cash | -217.78M | -103.59M | 144.23M | 18.97M | 214.79M |
| Net income | 21.07M | 136.43M | -256.79M | 157.94M | -33.86M |
| Kind | Filing | Date | Link |
|---|---|---|---|
| edgar index | 4 — DraftKings Inc. | View Filing | |
| form 4 | Form 4 — Dodge R Stanton | View Filing | |
| form 4 | Form 4 — Dodge R Stanton | View Filing | |
| form 4 | Form 4 — Dodge R Stanton | View Filing | |
| edgar index | 8-K — DraftKings Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 4 — DraftKings Inc. | View Filing | |
| edgar index | 4 — DraftKings Inc. | View Filing | |
| form 4 | Form 4 — Robins Jason | View Filing | |
| form 4 | Form 4 — Robins Jason | View Filing | |
| edgar index | 144 — DraftKings Inc. | View Filing | |
| form 4 | Form 4 — Dodge R Stanton | View Filing | |
| form 4 | Form 4 — Dodge R Stanton | View Filing | |
| form 4 | Form 4 — Dodge R Stanton | View Filing | |
| form 4 | Form 4 — Dodge R Stanton | View Filing | |
| edgar index | 8-K — DraftKings Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 144 — DraftKings Inc. | View Filing | |
| edgar index | 4 — DraftKings Inc. | View Filing | |
| edgar index | 4 — DraftKings Inc. | View Filing | |
| edgar index | 4 — DraftKings Inc. | View Filing | |
| edgar index | 144 — DraftKings Inc. | View Filing | |
| edgar index | 4 — DraftKings Inc. | View Filing | |
| form 4 | Form 4 — Dodge R Stanton | View Filing | |
| form 4 | Form 4 — Dodge R Stanton | View Filing | |
| form 4 | Form 4 — Dodge R Stanton | View Filing | |
| form 4 | Form 4 — Dodge R Stanton | View Filing | |
| form 4 | Form 4 — Dodge R Stanton | View Filing | |
| form 4 | Form 4 — Dodge R Stanton | View Filing | |
| form 4 | Form 4 — Dodge R Stanton | View Filing | |
| form 4 | Form 4 — Dodge R Stanton | View Filing | |
| form 4 | Form 4 — Dodge R Stanton | View Filing | |
| form 4 | Form 4 — Dodge R Stanton | View Filing | |
| form 4 | Form 4 — Dodge R Stanton | View Filing | |
| form 4 | Form 4 — Dodge R Stanton | View Filing | |
| form 4 | Form 4 — Dodge R Stanton | View Filing | |
| form 4 | Form 4 — Dodge R Stanton | View Filing | |
| form 4 | Form 4 — Dodge R Stanton | View Filing | |
| form 4 | Form 4 — Liberman Paul | View Filing | |
| form 4 | Form 4 — Liberman Paul | View Filing | |
| form 4 | Form 4 — Liberman Paul | View Filing | |
| form 4 | Form 4 — Liberman Paul | View Filing | |
| form 4 | Form 4 — Liberman Paul | View Filing | |
| form 4 | Form 4 — Liberman Paul | View Filing | |
| form 4 | Form 4 — Liberman Paul | View Filing | |
| form 4 | Form 4 — Liberman Paul | View Filing | |
| form 4 | Form 4 — Liberman Paul | View Filing | |
| form 4 | Form 4 — Liberman Paul | View Filing | |
| form 4 | Form 4 — Liberman Paul | View Filing | |
| form 4 | Form 4 — Liberman Paul | View Filing | |
| form 4 | Form 4 — Liberman Paul | View Filing | |
| form 4 | Form 4 — Liberman Paul | View Filing | |
| form 4 | Form 4 — Liberman Paul | View Filing | |
| form 4 | Form 4 — Liberman Paul | View Filing | |
| form 4 | Form 4 — Liberman Paul | View Filing | |
| form 4 | Form 4 — Robins Jason | View Filing | |
| form 4 | Form 4 — Robins Jason | View Filing | |
| form 4 | Form 4 — Robins Jason | View Filing | |
| form 4 | Form 4 — Robins Jason | View Filing | |
| form 4 | Form 4 — Robins Jason | View Filing | |
| form 4 | Form 4 — Robins Jason | View Filing | |
| form 4 | Form 4 — Robins Jason | View Filing | |
| form 4 | Form 4 — Robins Jason | View Filing | |
| form 4 | Form 4 — Robins Jason | View Filing | |
| form 4 | Form 4 — Robins Jason | View Filing | |
| form 4 | Form 4 — Robins Jason | View Filing | |
| form 4 | Form 4 — Robins Jason | View Filing | |
| form 4 | Form 4 — Robins Jason | View Filing | |
| form 4 | Form 4 — Ellingson Alan Wayne | View Filing | |
| form 4 | Form 4 — Ellingson Alan Wayne | View Filing | |
| form 4 | Form 4 — Ellingson Alan Wayne | View Filing | |
| form 4 | Form 4 — Ellingson Alan Wayne | View Filing | |
| form 4 | Form 4 — Ellingson Alan Wayne | View Filing | |
| form 4 | Form 4 — Ellingson Alan Wayne | View Filing | |
| form 4 | Form 4 — Ellingson Alan Wayne | View Filing |
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