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
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.
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| MSGE | Madison Square Garden Entertainment Corp. | $3.67B | 56.1x | 12.5% |
| RSI | Rush Street Interactive, Inc. | $2.96B | 86.1x | 22.8% |
| STUB | StubHub Holdings, Inc. | $2.50B | — | -1.4% |
| PRKS | United Parks & Resorts Inc. | $1.83B | 13.2x | -3.6% |
| PRSU | Pursuit Attractions & Hospitality, Inc. | $1.31B | 60.0x | 23.4% |