DKNG

Updated: Mar 12, 2026 11:30 AM

DraftKings Inc

Market Cap: $16.51B P/S: 14x Ownership — Insider: 2.5% | Institutional: 84.3% | Retail: 13.2% CONSUMER CYCLICAL GAMBLING

DraftKings Inc. is a leading digital sports entertainment and gaming company based in Boston, Massachusetts, recognized for its innovative online sports betting platform and daily fantasy sports offerings. The company leverages cutting-edge technology to engage a diverse audience of sports enthusiasts across various jurisdictions in the U.S., positioning itself at the forefront of the expanding regulated sports betting industry. As more states move towards legalizing sports wagering, DraftKings is strategically poised to capitalize on increasing consumer demand, aiming for sustained long-term growth and enhanced shareholder returns.

Revenue

Revenue, Profit & Income — explained by Jerry the Goat Farmer
Total RevenueEvery single dollar that wanders onto Jerry's farm. Cheese sales, milk money, goat yoga memberships, and that one weird guy who pays $50 to just watch the goats. Jerry doesn't ask questions.
Gross ProfitThe money left after feeding the goats but before reality sets in. Jerry feels rich for exactly 11 minutes.
Net IncomeWhat Jerry actually gets to keep after the Jerrynment, cousin Larry, the feed store, and his ex-wife's lawyer all take their cut. This number is often... humbling.
Using alias: revenuea -> totalRevenue [annual] [income]
Using alias: profita -> grossProfit [annual] [income]
Using alias: incomea -> netIncome [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        8/8 dates (100%)
  ✅ grossProfit                         8/8 dates (100%)
  ✅ netIncome                           8/8 dates (100%)

Plot for DKNG (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -4.77B                    -2.38B                     0.00B                     2.38B                     4.77B
               |                         |                         |                         |                         |

  2017-12-31 |                                                    |  0.19B
  2018-12-31 |                                                    |  0.23B
  2019-12-31 |                                                   |  0.32B
  2020-12-31 |                                        |  -1.23B
  2021-12-31 |                                    |  -1.52B
  2022-12-31 |                                      |  2.24B
  2023-12-31 |                                            |  3.67B
  2024-12-31 |                                               | 4.77B

               |                         |                         |                         |                         |
               -4.77B                    -2.38B                     0.00B                     2.38B                     4.77B

Costs

Operating Costs — explained by Jerry the Goat Farmer
Cost of Goods & Services SoldThe unglamorous stuff: hay, feed, vet bills for when Sergio the goat eats another iPhone. These goats don't feed themselves, and they definitely don't apologize.
Selling, General & AdministrativeThe "CHEESE HAPPENS" billboard on the highway, the accountant (cousin Larry, who definitely cheated in Monopoly as a kid), office supplies, and the therapy Jerry needs after dealing with cousin Larry.
Research & DevelopmentJerry's experimental ghost pepper goat cheese that made three customers cry. Also the goat treadmill. The goats refuse to use the goat treadmill.
Using alias: rnda -> researchAndDevelopment [annual] [income]
Using alias: sgaa -> sellingGeneralAndAdministrative [annual] [income]
Using alias: cogsa -> costofGoodsAndServicesSold [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              8/8 dates (100%)
  ✅ sellingGeneralAndAdministrative     8/8 dates (100%)
  ✅ costofGoodsAndServicesSold          8/8 dates (100%)

Plot for DKNG (in B)
  reports: annualReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00B                     0.74B                     1.48B                     2.21B                     2.95B
               |                         |                         |                         |                         |

  2017-12-31 |  0.06B
  2018-12-31 |  0.08B
  2019-12-31 |  0.12B
  2020-12-31 |  0.45B
  2021-12-31 |  0.83B
  2022-12-31 |  1.48B
  2023-12-31 |  2.29B
  2024-12-31 |  2.95B

               |                         |                         |                         |                         |
               0.00B                     0.74B                     1.48B                     2.21B                     2.95B

Cash

Cash, Debt & Cash Flow — explained by Jerry the Goat Farmer
Cash & Short-Term InvestmentsThe coffee can buried behind the barn, $47 in a savings account, and some cryptocurrency Jerry bought drunk in 2021. He's afraid to check on it.
Short/Long-Term DebtThe barn loan that'll follow Jerry to the grave (long-term) and the $200 he owes the feed store guy who's starting to give him looks (short-term).
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Using alias: casha -> cashAndShortTermInvestments [annual] [balance]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: paychecka -> operatingCashflow [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         8/8 dates (100%)
  ✅ shortLongTermDebtTotal              8/8 dates (100%)
  ✅ operatingCashflow                   8/8 dates (100%)

Plot for DKNG (in B)
  reports: annualReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               -2.15B                    -1.08B                     0.00B                     1.08B                     2.15B
               |                         |                         |                         |                         |

  2017-12-31 |                                                   |  -0.09B
  2018-12-31 |                                                    |  0.12B
  2019-12-31 |                                                    |  0.08B
  2020-12-31 |                                             |  1.82B
  2021-12-31 |                                           | 2.15B
  2022-12-31 |                                      |  1.32B
  2023-12-31 |                                                    |  1.35B
  2024-12-31 |                                                     |  1.34B

               |                         |                         |                         |                         |
               -2.15B                    -1.08B                     0.00B                     1.08B                     2.15B

FCF

Free Cash Flow — explained by Jerry the Goat Farmer
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Capital ExpendituresBig, expensive purchases Jerry justifies at 2am: the industrial milking machine, new fencing, and a hot tub "for the goats" that somehow only Jerry uses.
Using alias: paychecka -> operatingCashflow [annual] [cashflow]
Using alias: capexa -> capitalExpenditures [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   8/8 dates (100%)
  ✅ capitalExpenditures                 8/8 dates (100%)

Plot for DKNG (in M)
  reports: annualReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               -625.52M                  -312.76M                    0.00M                    312.76M                   625.52M
               |                         |                         |                         |                         |

  2017-12-31 |                                              |  -88.44M
  2018-12-31 |                                                 |  -45.58M
  2019-12-31 |                                                 |  -46.58M
  2020-12-31 |                         |  -337.88M
  2021-12-31 |                  |  -419.51M
  2022-12-31 | |  -625.52M
  2023-12-31 |                                                    |  113.39M
  2024-12-31 |                                                     |  417.77M

               |                         |                         |                         |                         |
               -625.52M                  -312.76M                    0.00M                    312.76M                   625.52M

Assets

Assets, Liabilities & Equity — explained by Jerry the Goat Farmer
🐐 Assets = Liabilities + Equity

Translation: What Jerry owns = What Jerry owes + What's actually Jerry's

Or as Jerry mutters every April during tax season:
"Everything I have equals everything I owe plus whatever scraps are left for me, a humble goat man just trying to make cheese in this cruel world."
Total AssetsEverything Jerry owns: 12 acres of land, a barn that's "rustic" (rotting), 47 goats, Sergio (appraised at $800, priceless to Jerry), the cheese cave, and a 2004 Ford F-150 held together by duct tape and prayer.
Total LiabilitiesEverything Jerry owes: bank loans, the feed store tab, back taxes, and a moral debt to his neighbor for "borrowing" that tractor in 2019. They both know he's not returning it.
Total Shareholder EquityIf Jerry sold absolutely everything, paid off every debt, and finally returned that tractor... this is what he'd have left. His actual net worth. Some days it's a retirement fund. Other days it's "enough for a bus ticket and a fresh start."
Using alias: assetsa -> totalAssets [annual] [balance]
Using alias: liabila -> totalLiabilities [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         8/8 dates (100%)
  ✅ totalLiabilities                    8/8 dates (100%)
  ✅ totalShareholderEquity              8/8 dates (100%)

Plot for DKNG (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               -4.28B                    -2.14B                     0.00B                     2.14B                     4.28B
               |                         |                         |                         |                         |

  2017-12-31 |                                                     |  0.18B
  2018-12-31 |                                                   |  0.48B
  2019-12-31 |                                                    |  0.38B
  2020-12-31 |                                                     |  3.44B
  2021-12-31 |                                                     |  4.07B
  2022-12-31 |                                                     |  4.04B
  2023-12-31 |                                                     |  3.94B
  2024-12-31 |                                                     | 4.28B

               |                         |                         |                         |                         |
               -4.28B                    -2.14B                     0.00B                     2.14B                     4.28B

Buffet

Using alias: incomea -> netIncome [annual] [income]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           8/8 dates (100%)
  ✅ shortLongTermDebtTotal              8/8 dates (100%)
  ✅ totalShareholderEquity              8/8 dates (100%)

Plot for DKNG (in B)
  reports: annualReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -2.63B                    -1.32B                     0.00B                     1.32B                     2.63B
               |                         |                         |                         |                         |

  2017-12-31 |                                                    |  -0.08B
  2018-12-31 |                                                 |  -0.19B
  2019-12-31 |                                                  |  -0.14B
  2020-12-31 |                             | 2.63B
  2021-12-31 |                       |  1.68B
  2022-12-31 |                          |  -1.38B
  2023-12-31 |                                     |  1.35B
  2024-12-31 |                                           |  1.34B

               |                         |                         |                         |                         |
               -2.63B                    -1.32B                     0.00B                     1.32B                     2.63B

Revenue-q

Using alias: revenue -> totalRevenue [quarterly] [income]
Using alias: profit -> grossProfit [quarterly] [income]
Using alias: income -> netIncome [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        25/25 dates (100%)
  ✅ grossProfit                         25/25 dates (100%)
  ✅ netIncome                           25/25 dates (100%)

Plot for DKNG (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -1.51B                    -0.76B                     0.00B                     0.76B                     1.51B
               |                         |                         |                         |                         |

  2019-09-30 |                                                   |  0.07B
  2019-12-31 |                                                    |  0.13B
  2020-03-31 |                                                   |  0.09B
  2020-06-30 |                                               |  -0.16B
  2020-09-30 |                                         |  -0.35B
  2020-12-31 |                                             |  0.32B
  2021-03-31 |                                         |  -0.35B
  2021-06-30 |                                          |  -0.31B
  2021-09-30 |                                  |  -0.55B
  2021-12-31 |                                          |  0.47B
  2022-03-31 |                                     |  -0.47B
  2022-06-30 |                                              |  0.47B
  2022-09-30 |                                      |  0.50B
  2022-12-31 |                                             |  0.86B
  2023-03-31 |                                       |  0.77B
  2023-06-30 |                                                  |  0.87B
  2023-09-30 |                                           |  0.79B
  2023-12-31 |                                                   |  1.23B
  2024-03-31 |                                                |  1.17B
  2024-06-30 |                                                     |  1.10B
  2024-09-30 |                                           |  1.10B
  2024-12-31 |                                                |  1.39B
  2025-03-31 |                                                    |  1.41B
  2025-06-30 |                                                     | 1.51B
  2025-09-30 |                                            |  1.14B

               |                         |                         |                         |                         |
               -1.51B                    -0.76B                     0.00B                     0.76B                     1.51B

Costs-q

Using alias: rnd -> researchAndDevelopment [quarterly] [income]
Using alias: sga -> sellingGeneralAndAdministrative [quarterly] [income]
Using alias: cogs -> costofGoodsAndServicesSold [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              25/25 dates (100%)
  ✅ sellingGeneralAndAdministrative     25/25 dates (100%)
  ✅ costofGoodsAndServicesSold          25/25 dates (100%)

Plot for DKNG (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00M                    213.64M                   427.28M                   640.92M                   854.56M
               |                         |                         |                         |                         |

  2019-09-30 |  25.33M
  2019-12-31 |  46.69M
  2020-03-31 |  43.42M
  2020-06-30 |  107.31M
  2020-09-30 |  127.38M
  2020-12-31 |  159.27M
  2021-03-31 |  183.22M
  2021-06-30 |  198.81M
  2021-09-30 |  219.71M
  2021-12-31 |  253.18M
  2022-03-31 |  313.38M
  2022-06-30 |  312.77M
  2022-09-30 |  372.69M
  2022-12-31 |  485.44M
  2023-03-31 |  521.74M
  2023-06-30 |  510.32M
  2023-09-30 |  543.45M
  2023-12-31 |  716.66M
  2024-03-31 |  710.07M
  2024-06-30 |  663.41M
  2024-09-30 |  742.43M
  2024-12-31 |  834.64M
  2025-03-31 |  843.80M
  2025-06-30 |  854.56M
  2025-09-30 |  328.63M

               |                         |                         |                         |                         |
               0.00M                    213.64M                   427.28M                   640.92M                   854.56M

Cash-q

Using alias: cash -> cashAndShortTermInvestments [quarterly] [balance]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         25/25 dates (100%)
  ⚠️  shortLongTermDebtTotal              23/25 dates (92%)
  ✅ operatingCashflow                   25/25 dates (100%)

Plot for DKNG (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               -2.82B                    -1.41B                     0.00B                     1.41B                     2.82B
               |                         |                         |                         |                         |

  2019-09-30 |                                                    |  0.04B
  2019-12-31 |                                                    |  0.08B
  2020-03-31 |                                                    |  0.15B
  2020-06-30 |                                                   |  1.24B ⊗
  2020-09-30 |                                                     |  1.14B ⊗
  2020-12-31 |                                                   |  1.82B
  2021-03-31 |                                                    | 2.82B
  2021-06-30 |                                                   |  2.65B
  2021-09-30 |                                                    |  2.39B
  2021-12-31 |                                                  |  2.15B
  2022-03-31 |                                              |  1.77B
  2022-06-30 |                                                  |  1.51B
  2022-09-30 |                                                     |  1.38B
  2022-12-31 |                                                  |  1.32B
  2023-03-31 |                                                 |  1.32B
  2023-06-30 |                                                    |  1.32B
  2023-09-30 |                                                     |  1.34B
  2023-12-31 |                                                     |  1.35B
  2024-03-31 |                                                    |  1.34B
  2024-06-30 |                                                     |  1.34B
  2024-09-30 |                                                     |  1.34B
  2024-12-31 |                                                     |  1.34B
  2025-03-31 |                                                   |  1.92B
  2025-06-30 |                                                     |  1.91B
  2025-09-30 |                                                     |  1.91B

               |                         |                         |                         |                         |
               -2.82B                    -1.41B                     0.00B                     1.41B                     2.82B

FCF-q

Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]
Using alias: capex -> capitalExpenditures [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   25/25 dates (100%)
  ✅ capitalExpenditures                 25/25 dates (100%)

Plot for DKNG (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               -356.72M                  -178.36M                    0.00M                    178.36M                   356.72M
               |                         |                         |                         |                         |

  2019-09-30 |                                                  |  -23.82M
  2019-12-31 |                                                   |  15.86M
  2020-03-31 |                                              |  -50.76M
  2020-06-30 |                                       |  -96.13M
  2020-09-30 |                                                     |  19.12M
  2020-12-31 |                                       |  -96.58M
  2021-03-31 |                                            |  -59.74M
  2021-06-30 |                                    |  -116.64M
  2021-09-30 |                                           |  -70.89M
  2021-12-31 |                            |  -172.25M
  2022-03-31 | |  -356.72M
  2022-06-30 |                            |  -172.59M
  2022-09-30 |                                                     |  52.24M
  2022-12-31 |                               |  -148.46M
  2023-03-31 |                        |  -201.49M
  2023-06-30 |                                                  |  23.02M
  2023-09-30 |                                                     |  145.40M
  2023-12-31 |                                                     |  72.07M
  2024-03-31 |                                           |  -70.39M
  2024-06-30 |                                                     |  29.39M
  2024-09-30 |                                                     |  133.58M
  2024-12-31 |                                                     |  325.19M
  2025-03-31 |                                    |  -119.02M
  2025-06-30 |                                                     |  173.92M
  2025-09-30 |                                                     |  287.48M

               |                         |                         |                         |                         |
               -356.72M                  -178.36M                    0.00M                    178.36M                   356.72M

Assets-q

Using alias: assets -> totalAssets [quarterly] [balance]
Using alias: liabil -> totalLiabilities [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         25/25 dates (100%)
  ✅ totalLiabilities                    25/25 dates (100%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for DKNG (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               -4.62B                    -2.31B                     0.00B                     2.31B                     4.62B
               |                         |                         |                         |                         |

  2019-09-30 |                                                    |  0.26B
  2019-12-31 |                                                    |  0.38B
  2020-03-31 |                                                    |  0.41B
  2020-06-30 |                                                     |  2.52B
  2020-09-30 |                                                     |  2.57B
  2020-12-31 |                                                     |  3.44B
  2021-03-31 |                                                     |  4.48B
  2021-06-30 |                                                     |  4.36B
  2021-09-30 |                                                     |  4.26B
  2021-12-31 |                                                     |  4.07B
  2022-03-31 |                                                     |  3.75B
  2022-06-30 |                                                     |  4.15B
  2022-09-30 |                                                     |  4.19B
  2022-12-31 |                                                     |  4.04B
  2023-03-31 |                                                     |  3.74B
  2023-06-30 |                                                     |  3.61B
  2023-09-30 |                                                     |  3.86B
  2023-12-31 |                                                     |  3.94B
  2024-03-31 |                                                     |  3.80B
  2024-06-30 |                                                     |  4.22B
  2024-09-30 |                                                     |  4.27B
  2024-12-31 |                                                     |  4.28B
  2025-03-31 |                                                     |  4.52B
  2025-06-30 |                                                     |  4.47B
  2025-09-30 |                                                     | 4.62B

               |                         |                         |                         |                         |
               -4.62B                    -2.31B                     0.00B                     2.31B                     4.62B

Buffet-q

Using alias: income -> netIncome [quarterly] [income]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           25/25 dates (100%)
  ⚠️  shortLongTermDebtTotal              23/25 dates (92%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for DKNG (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -2.63B                    -1.32B                     0.00B                     1.32B                     2.63B
               |                         |                         |                         |                         |

  2019-09-30 |                                                    |  -0.06B
  2019-12-31 |                                                    |  0.08B
  2020-03-31 |                                                   |  0.15B
  2020-06-30 |                                                  |  2.19B ⊗
  2020-09-30 |                                              |  1.99B ⊗
  2020-12-31 |                                                | 2.63B
  2021-03-31 |                                              |  2.32B
  2021-06-30 |                                               |  2.21B
  2021-09-30 |                                          |  1.83B
  2021-12-31 |                                               |  1.68B
  2022-03-31 |                                            |  1.39B
  2022-06-30 |                                                 |  1.76B
  2022-09-30 |                                            |  1.44B
  2022-12-31 |                                                |  1.32B
  2023-03-31 |                                             |  1.32B
  2023-06-30 |                                                   |  1.32B
  2023-09-30 |                                               |  1.34B
  2023-12-31 |                                                    |  1.35B
  2024-03-31 |                                                  |  1.34B
  2024-06-30 |                                                     |  1.34B
  2024-09-30 |                                               |  1.34B
  2024-12-31 |                                                  |  1.34B
  2025-03-31 |                                                    |  1.92B
  2025-06-30 |                                                     |  1.91B
  2025-09-30 |                                                |  1.91B

               |                         |                         |                         |                         |
               -2.63B                    -1.32B                     0.00B                     1.32B                     2.63B

Price History

Volume

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