DraftKings Inc.
DKNG· Nasdaq· Services-Miscellaneous Amusement & Recreation
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 10.7%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +58.0%
We record prices for the companies we cover; DKNG is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 495.9M
- Revenue
- $6.1B
- Free cash flow
- $647.5M
- Owner earnings
- $308.2M
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- -0.3%
- Net
- 0.1%
- Free cash flow
- 10.7%
- Owner earnings
- 5.1%
- Stock pay
- 5.6%
Returns
- ROIC, FY2025
- -0.8%
- ROIC, 5 yr avg
- –
- ROE, FY2025
- 0.6%
- ROE, 5 yr avg
- -68.0%
Growth (CAGR)
- Revenue, 3 yr
- 39.3%
- Revenue, 5 yr
- 58.0%
- Diluted EPS, 3 yr
- –
- Diluted EPS, 5 yr
- –
- Free cash flow, 3 yr
- –
- Free cash flow, 5 yr
- –
Financial health · FY2025
- Cash and investments
- $1.1B
- Total debt
- $1.3B
- Net debt
- $131.6M
- Debt/Equity
- 2.0x
- Debt/FCF
- 1.9x
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 10.2%
Financials: ten years from the 10-Ks
Revenue
$6.1B
+58.0% a year over 5 years
FY2020FY2025
Margins
Operating-0.3%Net0.1%
FY2025
FY2020FY2025
Free cash flow and owner earnings
Free cash flow$647.5MOwner earnings$308.2M
FY2025
FY2020FY2025
Diluted shares
495.9M
+62.3% over 5 years, net dilution
FY2020FY2025
Return on invested capital
-0.8%
FY2025
FY2020FY2025
Net debt (below zero)
-$131.6M
$131.6M more debt than cash
FY2020FY2025
Every figure, year by year
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| The business | ||||||
| Revenue | $614.5M | $1.3B | $2.2B | $3.7B | $4.8B | $6.1B |
| Revenue growth | – | 110.9% | 72.9% | 63.6% | 30.1% | 27.0% |
| Gross margin | – | – | – | – | – | – |
| Operating margin | -137.2% | -120.5% | -67.5% | -21.5% | -12.8% | -0.3% |
| Net income | -$1.2B | -$1.5B | -$1.4B | -$802.1M | -$507.3M | $3.7M |
| Net margin | -200.5% | -117.5% | -61.5% | -21.9% | -10.6% | 0.1% |
| Diluted EPS | $-4.03 | $-3.78 | $-3.16 | $-1.73 | $-1.05 | $-0.01 |
| Return on invested capital? | – | – | – | – | – | -0.8% |
| Cash | ||||||
| Operating cash flow | -$194.2M | -$419.5M | -$625.5M | -$1.8M | $417.8M | $662.9M |
| Capital expenditure | $11.8M | $15.9M | $32.4M | $20.9M | $10.2M | $15.4M |
| Free cash flow | -$205.9M | -$435.4M | -$657.9M | -$22.7M | $407.6M | $647.5M |
| Stock-based compensation | $325.0M | $683.3M | $578.8M | $398.5M | $381.4M | $339.3M |
| Owner earnings? | -$530.9M | -$1.1B | -$1.2B | -$421.1M | $26.2M | $308.2M |
| Free cash flow per share | $-0.67 | $-1.08 | $-1.51 | $-0.05 | $0.85 | $1.31 |
| Capital allocation | ||||||
| Dividends paid | – | – | – | – | – | – |
| Share repurchases | $288.8M | $17.8M | $0 | $0 | $48.1M | $571.5M |
| Diluted shares | 305.6M | 402.5M | 436.5M | 462.6M | 482.0M | 495.9M |
| Share count change? | – | 31.7% | 8.5% | 6.0% | 4.2% | 2.9% |
| Balance sheet | ||||||
| Cash and equivalents | $1.8B | $2.2B | $1.3B | $1.3B | $788.3M | $1.1B |
| Short-term investments | – | – | – | – | – | – |
| Total debt | – | $1.2B | $1.3B | $1.3B | $1.3B | $1.3B |
| Net debt | – | -$904.4M | -$58.1M | -$16.7M | $468.1M | $131.6M |
| Shareholders' equity | $2.6B | $1.7B | $1.3B | $840.3M | $1.0B | $631.5M |
Latest filings
| 2026-08-07 | 10-Q | Quarterly report |
| 2026-08-07 | 8-K | Earnings release |
| 2026-05-08 | 10-Q | Quarterly report |
| 2026-05-08 | 8-K | Earnings release |
| 2026-03-26 | DEF 14A | Proxy statement |
| 2026-02-13 | 10-K | Annual report |
| 2026-02-13 | 8-K | Earnings release |
| 2025-11-07 | 10-Q | Quarterly report |
| 2025-11-07 | 8-K | Earnings release |
| 2025-08-07 | 10-Q | Quarterly report |
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