DraftKings Inc. DKNG
We are a digital sports entertainment and gaming company. We provide users with online and retail sports betting (together, "Sportsbook"), online casino ("iGaming"), daily fantasy sports ("DFS"), digital lottery courier, prediction markets and other product offerings.
Our mission is to make life more exciting by responsibly creating the world's favorite real-money games, betting experiences and event contracts trading. We accomplish this by creating an environment where our users can find enjoyment and fulfillment through Sportsbook, iGaming, DFS, digital lottery courier and prediction markets as well as other product offerings. We are also highly focused on our responsibility as a steward of this new era in real-money gaming. Our ethics guide our decision making, with respect to both the tradition and integrity of sports and our investments in regulatory compliance and consumer protection.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- International
| Region | FY2025 | FY2024 |
|---|---|---|
| United States | $5.90B | $4.65B |
| International | $159.1M | $118.6M |
As the company reported it, from the “Revenue Recognition - Summary of Company's Revenue by Geographical Location (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $6.05B | $4.77B | $3.67B | $2.24B | $1.30B | $614.5M | — |
| Cost of revenue | $3.56B | $2.95B | $2.29B | $1.48B | $794.2M | $346.6M | — |
| Gross profit | $2.50B | $1.82B | $1.37B | $756.2M | $501.9M | $267.9M | — |
| SG&A | $673.6M | $764.1M | $606.6M | $763.7M | $828.3M | $447.4M | — |
| Operating income | -$15.8M | -$609.0M | -$789.2M | -$1.51B | -$1.56B | -$843.3M | — |
| Interest expense | — | $3.0M | $2.7M | $2.7M | $2.1M | $1.1M | — |
| Pre-tax income | $7.0M | -$593.2M | -$791.3M | -$1.44B | -$1.52B | -$1.23B | — |
| Income tax | $4.3M | $86.3M | $10.2M | $67.9M | $8.3M | $622.0K | — |
| Net income | $3.7M | -$507.3M | -$802.1M | -$1.38B | -$1.52B | -$1.23B | — |
| EPS, basic | 0.01 | -1.05 | -1.73 | -3.16 | -3.78 | -4.03 | — |
| EPS, diluted | -0.01 | -1.05 | -1.73 | -3.16 | -3.78 | -4.03 | — |
| Shares, diluted (wtd. avg.) | 495.9M | 482.0M | 462.6M | 436.5M | 402.5M | 305.6M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.13B | $788.3M | $1.27B | $1.78B | $2.63B | $2.10B | $220.5M |
| Receivables | $105.6M | $57.8M | $47.5M | $51.1M | $45.8M | $44.5M | — |
| Total current assets | $1.82B | $1.53B | $2.07B | $2.08B | $2.75B | — | — |
| Property, plant and equipment | $51.1M | $50.5M | $60.7M | $60.1M | $46.0M | — | — |
| Goodwill | $1.60B | $1.56B | $886.4M | $886.4M | $615.7M | — | — |
| Other intangibles | $889.2M | $933.1M | $690.6M | $776.9M | $535.0M | — | — |
| Total assets | $4.53B | $4.28B | $3.94B | $4.04B | $4.07B | — | — |
| Accounts payable | $67.9M | $53.7M | $34.1M | $10.1M | $52.5M | — | — |
| Total current liabilities | $1.76B | $1.65B | $1.55B | $1.25B | $929.4M | — | — |
| Total liabilities | $3.90B | $3.27B | $3.10B | $2.72B | $2.39B | — | — |
| Retained earnings | -$6.44B | -$6.44B | -$5.93B | -$5.13B | -$3.75B | — | — |
| Total equity | $631.5M | $1.01B | $840.3M | $1.32B | $1.68B | $2.63B | -$49.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $662.9M | $417.8M | -$1.8M | -$625.5M | -$419.5M | -$194.2M | — |
| Depreciation and amortisation | $275.5M | $270.9M | $201.9M | $169.3M | $121.1M | $77.4M | — |
| Stock-based compensation | $339.3M | $381.4M | $398.5M | $578.8M | $683.3M | $325.0M | — |
| Capital expenditure | $15.4M | $10.2M | $20.9M | $32.4M | $15.9M | $11.8M | — |
| Investing cash flow | -$166.0M | -$566.6M | -$90.4M | -$208.8M | -$195.0M | -$227.3M | — |
| Financing cash flow | -$222.5M | -$144.5M | -$63.2M | -$16.7M | $1.14B | $2.31B | — |
| Buybacks | $571.5M | $48.1M | $0 | $0 | $17.8M | $288.8M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001883685-26-000013.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | — | $614.5M | $1.30B | $2.24B | $3.67B | $4.77B | $6.05B |
| Gross profit | — | $267.9M | $501.9M | $756.2M | $1.37B | $1.82B | $2.50B |
| Net income | — | -$1.23B | -$1.52B | -$1.38B | -$802.1M | -$507.3M | $3.7M |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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