Symbols / DKNG $21.62 +3.30% DraftKings Inc.

Consumer Cyclical • Gambling • United States • NMS
DKNG Chart
About

DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally. The company offers online and retail sports betting, daily fantasy sports, digital lottery couriers, prediction markets, and other products, as well as retails sportsbooks. It also provides iGaming, or online casino products, which includes blackjack, roulette, baccarat and slot machines. In addition, the company engages in the design and development of sports betting and casino gaming software for online and retail sportsbooks, and iGaming operators. DraftKings Inc. was founded in 2011 and is headquartered in Boston, Massachusetts.

Fundamentals
Scroll to Statements
Sector Consumer Cyclical Industry Gambling Market Cap 10.72B
Enterprise Value 11.42B Income 3.71M Sales 6.05B
Book/sh 1.28 Cash/sh 2.29 Dividend Yield —
Payout 0.00% Employees 5500 IPO —
P/E — Forward P/E 11.24 PEG —
P/S 1.77 P/B 16.94 P/C —
EV/EBITDA 41.85 EV/Sales 1.89 Quick Ratio 0.70
Current Ratio 1.03 Debt/Eq 299.28 LT Debt/Eq —
EPS (ttm) -0.01 EPS next Y 1.92 EPS Growth —
Revenue Growth 42.80% Earnings 2026-05-07 ROA -0.04%
ROE 0.45% ROIC — Gross Margin 76.11%
Oper. Margin 8.29% Profit Margin 0.06% Shs Outstand 495.74M
Shs Float 478.55M Short Float 7.80% Short Ratio 2.13
Short Interest — 52W High 48.78 52W Low 20.46
Beta 1.68 Avg Volume 15.92M Volume 11.93M
Target Price $35.95 Recom Buy Prev Close $20.93
Price $21.62 Change 3.30%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$35.95
Mean price target
2. Current target
$21.62
Latest analyst target
3. DCF / Fair value
$22.00
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$21.62
Low
$24.00
High
$76.00
Mean
$35.95

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-31 main Susquehanna Positive → Positive $32
2026-03-23 reit BTIG Buy → Buy $35
2026-03-17 down Argus Research Buy → Hold —
2026-03-16 main UBS Buy → Buy $43
2026-03-03 main Macquarie Outperform → Outperform $40
2026-03-03 main BMO Capital Outperform → Outperform $50
2026-03-03 reit Citizens Market Outperform → Market Outperform $38
2026-03-03 reit Needham Buy → Buy $35
2026-03-03 reit BTIG Buy → Buy $35
2026-02-26 main BTIG Buy → Buy $35
2026-02-24 main Morgan Stanley Overweight → Overweight $40
2026-02-17 main JP Morgan Overweight → Overweight $32
2026-02-17 main Goldman Sachs Buy → Buy $31
2026-02-17 main Stifel Buy → Buy $40
2026-02-17 main Citigroup Buy → Buy $32
2026-02-17 main Truist Securities Buy → Buy $33
2026-02-17 main Barclays Overweight → Overweight $37
2026-02-17 main Mizuho Outperform → Outperform $44
2026-02-17 main Macquarie Outperform → Outperform $40
2026-02-17 main Oppenheimer Outperform → Outperform $35
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-13 MOORE JOCELYN Director — 2,150 $25.60 $55,040
2026-03-11 LIBERMAN PAUL Officer and Director — 484,417 $0.63 $305,183
2026-03-11 LIBERMAN PAUL Officer and Director — 484,417 $25.16 $12,187,932
2026-03-09 KALISH MATTHEW Officer and Director — 273,488 $3.29 $899,776
2026-03-03 BRADBURY ERIK Officer — 2,883 $24.37 $70,800
2026-02-27 ELLINGSON ALAN WAYNE Chief Financial Officer — 9,789 — —
2026-02-27 ROBINS JASON Chief Executive Officer — 67,914 — —
2026-02-27 BRADBURY ERIK Officer — 8,045 — —
2026-02-27 KALISH MATTHEW Officer and Director — 39,658 — —
2026-02-27 LIBERMAN PAUL Officer and Director — 39,658 — —
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
6,054.52
+26.99%
4,767.70
+30.07%
3,665.39
+63.60%
2,240.46
Operating Revenue
5,631.70
+27.68%
4,410.66
+32.73%
3,323.15
+79.18%
1,854.63
Cost Of Revenue
3,556.95
+20.55%
2,950.56
+28.72%
2,292.18
+54.43%
1,484.27
Reconciled Cost Of Revenue
3,556.95
+20.55%
2,950.56
+28.72%
2,292.18
+54.43%
1,484.27
Gross Profit
2,497.58
+37.45%
1,817.14
+32.33%
1,373.22
+81.60%
756.19
Operating Expense
2,513.39
+3.60%
2,426.14
+12.19%
2,162.44
-4.65%
2,267.94
Research And Development
459.91
+15.81%
397.11
+11.81%
355.16
+11.60%
318.25
Selling General And Administration
2,053.48
+1.21%
2,029.02
+12.27%
1,807.29
-7.30%
1,949.70
Selling And Marketing Expense
1,379.88
+9.09%
1,264.92
+5.35%
1,200.72
+1.24%
1,185.98
General And Administrative Expense
673.60
-11.84%
764.10
+25.97%
606.57
-20.58%
763.72
Other Gand A
673.60
-11.84%
764.10
+25.97%
606.57
-20.58%
763.72
Total Expenses
6,070.34
+12.90%
5,376.70
+20.70%
4,454.62
+18.72%
3,752.22
Operating Income
-15.82
+97.40%
-609.00
+22.84%
-789.23
+47.79%
-1,511.76
Total Operating Income As Reported
-15.82
+97.40%
-609.00
+22.84%
-789.23
+47.79%
-1,511.76
EBITDA
259.67
+176.79%
-338.14
+42.42%
-587.30
+53.79%
-1,271.06
Normalized EBITDA
254.92
+176.51%
-333.20
+37.10%
-529.76
+59.26%
-1,300.45
Reconciled Depreciation
275.49
+1.71%
270.85
+34.14%
201.92
+19.30%
169.25
EBIT
-15.82
+97.40%
-609.00
+22.84%
-789.23
+45.20%
-1,440.31
Total Unusual Items
4.75
+196.00%
-4.95
+91.41%
-57.54
-295.75%
29.40
Total Unusual Items Excluding Goodwill
4.75
+196.00%
-4.95
+91.41%
-57.54
-295.75%
29.40
Net Income
3.71
+100.73%
-507.29
+36.76%
-802.14
+41.79%
-1,377.99
Pretax Income
7.01
+101.18%
-593.16
+25.04%
-791.25
+45.16%
-1,442.96
Net Non Operating Interest Income Expense
-19.94
-145.01%
44.30
-20.52%
55.74
+198.04%
18.70
Interest Expense Non Operating
—
2.96
+10.45%
2.68
+1.06%
2.65
Net Interest Income
-19.94
-145.01%
44.30
-20.52%
55.74
+198.04%
18.70
Interest Expense
—
2.96
+10.45%
2.68
+1.06%
2.65
Interest Income Non Operating
—
47.26
-19.10%
58.42
+173.58%
21.35
Interest Income
—
47.26
-19.10%
58.42
+173.58%
21.35
Other Income Expense
42.77
+250.29%
-28.46
+50.73%
-57.77
-215.31%
50.10
Other Non Operating Income Expenses
38.02
+261.71%
-23.51
-10397.32%
-0.22
-101.08%
20.70
Gain On Sale Of Security
4.75
+196.00%
-4.95
+91.41%
-57.54
-295.75%
29.40
Tax Provision
4.27
+104.95%
-86.34
-948.98%
10.17
+114.99%
-67.87
Tax Rate For Calcs
0.00
+44.27%
0.00
-30.68%
0.00
+346.50%
0.00
Tax Effect Of Unusual Items
1.00
+238.49%
-0.72
+94.04%
-12.08
-974.03%
1.38
Net Income Including Noncontrolling Interests
3.71
+100.73%
-507.29
+36.76%
-802.14
+41.79%
-1,377.99
Net Income From Continuing Operation Net Minority Interest
3.71
+100.73%
-507.29
+36.76%
-802.14
+41.79%
-1,377.99
Net Income From Continuing And Discontinued Operation
3.71
+100.73%
-507.29
+36.76%
-802.14
+41.79%
-1,377.99
Net Income Continuous Operations
3.71
+100.73%
-507.29
+36.76%
-802.14
+41.79%
-1,377.99
Normalized Income
-0.04
+99.99%
-503.06
+33.52%
-756.68
+46.18%
-1,406.00
Net Income Common Stockholders
-4.03
+99.20%
-507.29
+36.76%
-802.14
+41.79%
-1,377.99
Otherunder Preferred Stock Dividend
7.74
0.00
0.00
—
Diluted EPS
0.01
+100.95%
-1.05
+39.31%
-1.73
+45.25%
-3.16
Basic EPS
0.01
+100.95%
-1.05
+39.31%
-1.73
+45.25%
-3.16
Basic Average Shares
495.90
+2.88%
482.00
+4.19%
462.60
+6.08%
436.07
Diluted Average Shares
495.90
+2.88%
482.00
+4.19%
462.60
+6.08%
436.07
Diluted NI Availto Com Stockholders
-4.03
+99.20%
-507.29
+36.76%
-802.14
+41.79%
-1,377.99
Earnings From Equity Interest Net Of Tax
0.97
+307.48%
-0.47
+34.91%
-0.72
+75.16%
-2.90
Total Other Finance Cost
19.94
+145.01%
-44.30
+20.52%
-55.74
-198.04%
-18.70
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
4,530.78
+5.77%
4,283.73
+8.59%
3,944.87
-2.36%
4,040.15
Current Assets
1,815.01
+18.34%
1,533.76
-25.95%
2,071.37
-0.65%
2,084.84
Cash Cash Equivalents And Short Term Investments
1,127.55
+43.04%
788.29
-37.95%
1,270.50
-2.95%
1,309.17
Cash And Cash Equivalents
1,127.55
+43.04%
788.29
-37.95%
1,270.50
-2.95%
1,309.17
Receivables
105.58
+82.54%
57.84
-83.44%
349.31
+65.41%
211.18
Accounts Receivable
105.58
+82.54%
57.84
-83.44%
349.31
+65.41%
211.18
Prepaid Assets
—
—
—
—
Restricted Cash
477.05
-11.97%
541.91
+53.52%
352.99
-24.84%
469.65
Other Current Assets
104.84
-28.06%
145.73
+47.85%
98.56
+3.93%
94.84
Total Non Current Assets
2,715.78
-1.24%
2,749.96
+46.78%
1,873.50
-4.18%
1,955.31
Net PPE
100.89
-19.59%
125.47
-18.89%
154.68
+22.70%
126.06
Gross PPE
205.69
-3.81%
213.83
-7.08%
230.13
+26.68%
181.66
Accumulated Depreciation
-104.80
-18.60%
-88.37
-17.12%
-75.45
-35.70%
-55.60
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
94.36
+14.28%
82.57
+4.74%
78.84
+8.50%
72.66
Other Properties
49.81
-33.51%
74.92
-20.29%
93.98
+42.49%
65.96
Leases
61.52
+9.18%
56.35
-1.68%
57.31
+33.13%
43.05
Goodwill And Other Intangible Assets
2,486.85
-0.06%
2,488.24
+57.78%
1,576.99
-5.19%
1,663.31
Goodwill
1,597.65
+2.73%
1,555.12
+75.45%
886.37
+0.00%
886.37
Other Intangible Assets
889.20
-4.71%
933.12
+35.11%
690.62
-11.11%
776.93
Investments And Advances
18.94
+43.47%
13.20
+28.40%
10.28
+1.98%
10.08
Long Term Equity Investment
18.94
+43.47%
13.20
+28.40%
10.28
+1.98%
10.08
Non Current Prepaid Assets
—
—
—
—
Other Non Current Assets
109.10
-11.35%
123.06
-6.45%
131.55
-15.60%
155.87
Total Liabilities Net Minority Interest
3,899.32
+19.13%
3,273.10
+5.43%
3,104.56
+14.24%
2,717.46
Current Liabilities
1,755.47
+6.07%
1,654.99
+6.80%
1,549.62
+24.32%
1,246.46
Payables And Accrued Expenses
627.16
+18.86%
527.66
+5.29%
501.13
+25.83%
398.25
Payables
239.06
+29.88%
184.06
+22.20%
150.63
+85.87%
81.04
Accounts Payable
67.86
+26.46%
53.66
+57.24%
34.13
+236.29%
10.15
Current Accrued Expenses
388.10
+12.95%
343.60
-1.97%
350.51
+10.50%
317.21
Pensionand Other Post Retirement Benefit Plans Current
101.85
+16.81%
87.19
-8.05%
94.83
+20.31%
78.82
Total Tax Payable
171.20
+31.28%
130.40
+11.93%
116.50
+64.34%
70.89
Current Debt And Capital Lease Obligation
9.79
-10.90%
10.99
-4.40%
11.50
+170.37%
4.25
Current Capital Lease Obligation
9.79
-10.90%
10.99
-4.40%
11.50
+170.37%
4.25
Current Deferred Liabilities
56.43
+21.65%
46.39
+6.32%
43.63
+7.69%
40.52
Current Deferred Revenue
56.43
+21.65%
46.39
+6.32%
43.63
+7.69%
40.52
Other Current Liabilities
960.24
-2.29%
982.75
+9.37%
898.52
+24.00%
724.62
Total Non Current Liabilities Net Minority Interest
2,143.85
+32.49%
1,618.11
+4.06%
1,554.94
+5.71%
1,471.00
Long Term Debt And Capital Lease Obligation
1,880.03
+41.99%
1,324.09
-0.79%
1,334.59
+1.07%
1,320.43
Long Term Debt
1,835.64
+46.10%
1,256.43
+0.21%
1,253.76
+0.21%
1,251.10
Long Term Capital Lease Obligation
44.39
-34.39%
67.66
-16.29%
80.83
+16.58%
69.33
Tradeand Other Payables Non Current
91.62
+19.96%
76.38
+4.90%
72.81
+4.23%
69.86
Other Non Current Liabilities
172.20
-11.97%
195.61
+132.94%
83.97
+19.91%
70.03
Stockholders Equity
631.46
-37.52%
1,010.63
+20.27%
840.31
-36.47%
1,322.69
Common Stock Equity
631.46
-37.52%
1,010.63
+20.27%
840.31
-36.47%
1,322.69
Capital Stock
0.09
+4.60%
0.09
+2.35%
0.09
+1.19%
0.08
Common Stock
0.09
+4.60%
0.09
+2.35%
0.09
+1.19%
0.08
Share Issued
533.30
+5.66%
504.72
+4.15%
484.60
+5.52%
459.26
Ordinary Shares Number
495.05
+1.22%
489.07
+3.46%
472.70
+4.91%
450.57
Treasury Shares Number
38.24
+144.35%
15.65
+31.51%
11.90
+36.95%
8.69
Additional Paid In Capital
8,424.83
+5.60%
7,978.43
+11.59%
7,149.86
+5.92%
6,750.06
Retained Earnings
-6,437.52
+0.06%
-6,441.23
-8.55%
-5,933.94
-15.63%
-5,131.80
Gains Losses Not Affecting Retained Earnings
36.49
+0.00%
36.49
+0.00%
36.49
+0.00%
36.49
Treasury Stock
1,392.43
+147.26%
563.15
+36.63%
412.18
+24.10%
332.13
Other Equity Adjustments
36.49
+0.00%
36.49
+0.00%
36.49
+0.00%
36.49
Total Equity Gross Minority Interest
631.46
-37.52%
1,010.63
+20.27%
840.31
-36.47%
1,322.69
Total Capitalization
2,467.10
+8.82%
2,267.05
+8.26%
2,094.07
-18.64%
2,573.80
Working Capital
59.54
+149.11%
-121.23
-123.24%
521.75
-37.77%
838.38
Invested Capital
2,467.10
+8.82%
2,267.05
+8.26%
2,094.07
-18.64%
2,573.80
Total Debt
1,889.83
+41.55%
1,335.08
-0.82%
1,346.09
+1.62%
1,324.69
Net Debt
708.10
+51.26%
468.14
—
—
Capital Lease Obligations
54.19
-31.11%
78.65
-14.81%
92.33
+25.47%
73.58
Net Tangible Assets
-1,855.39
-25.57%
-1,477.61
-100.58%
-736.69
-116.28%
-340.61
Tangible Book Value
-1,855.39
-25.57%
-1,477.61
-100.58%
-736.69
-116.28%
-340.61
Derivative Product Liabilities
0.00
-100.00%
22.03
-65.34%
63.57
+495.21%
10.68
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
662.86
+58.67%
417.77
+23958.77%
-1.75
+99.72%
-625.52
Cash Flow From Continuing Operating Activities
662.86
+58.67%
417.77
+23958.77%
-1.75
+99.72%
-625.52
Net Income From Continuing Operations
3.71
+100.73%
-507.29
+36.76%
-802.14
+41.79%
-1,377.99
Depreciation Amortization Depletion
275.49
+1.71%
270.85
+34.14%
201.92
+19.30%
169.25
Depreciation
—
—
20.40
—
Amortization Cash Flow
—
—
180.90
—
Depreciation And Amortization
275.49
+1.71%
270.85
+34.14%
201.92
+19.30%
169.25
Amortization Of Intangibles
—
—
180.90
—
Other Non Cash Items
-33.47
-634.16%
6.26
+566.49%
0.94
+114.69%
-6.40
Stock Based Compensation
339.31
-11.03%
381.37
-4.29%
398.46
-31.16%
578.80
Deferred Tax
-18.23
+80.35%
-92.73
-1685.45%
5.85
+107.97%
-73.41
Deferred Income Tax
-18.23
+80.35%
-92.73
-1685.45%
5.85
+107.97%
-73.41
Operating Gains Losses
-1.31
-105.42%
24.22
-58.49%
58.34
+255.57%
-37.50
Gain Loss On Investment Securities
-0.34
-101.91%
17.89
-68.96%
57.62
+242.64%
-40.40
Change In Working Capital
97.35
-70.95%
335.08
+148.43%
134.88
+10.81%
121.72
Change In Receivables
2.99
-98.74%
238.20
+272.45%
-138.13
-34.35%
-102.81
Changes In Account Receivables
-57.70
-470.33%
-10.12
-384.32%
3.56
+41.98%
2.51
Change In Prepaid Assets
-14.47
+41.08%
-24.57
-45.32%
-16.90
+45.71%
-31.14
Change In Payables And Accrued Expense
147.43
+1107.35%
-14.63
-113.74%
106.55
+23.89%
86.00
Change In Payable
147.43
+1107.35%
-14.63
-113.74%
106.55
+23.89%
86.00
Change In Account Payable
132.18
+826.27%
-18.20
-117.57%
103.59
+8.74%
95.27
Change In Other Working Capital
—
0.13
-98.02%
6.56
+402.91%
1.30
Change In Other Current Liabilities
-38.60
-128.39%
135.95
-23.11%
176.81
+5.02%
168.37
Investing Cash Flow
-166.00
+70.70%
-566.60
-527.05%
-90.36
+56.72%
-208.77
Cash Flow From Continuing Investing Activities
-166.00
+70.70%
-566.60
-527.05%
-90.36
+56.72%
-208.77
Net PPE Purchase And Sale
-15.35
-50.86%
-10.18
+51.32%
-20.90
+35.49%
-32.40
Purchase Of PPE
-15.35
-50.86%
-10.18
+51.32%
-20.90
+35.49%
-32.40
Capital Expenditure
-154.46
-27.81%
-120.86
-6.59%
-113.39
-9.40%
-103.64
Net Investment Purchase And Sale
0.00
0.00
-100.00%
24.43
0.00
Purchase Of Investment
—
—
—
0.00
Sale Of Investment
0.00
0.00
-100.00%
24.43
0.00
Net Business Purchase And Sale
-16.38
+96.29%
-441.49
0.00
+100.00%
-96.51
Purchase Of Business
-16.38
+96.29%
-441.49
0.00
+100.00%
-96.51
Gain Loss On Sale Of Business
0.00
-100.00%
5.87
0.00
0.00
Net Intangibles Purchase And Sale
-139.11
-25.69%
-110.68
-19.68%
-92.48
-29.81%
-71.24
Purchase Of Intangibles
-139.11
-25.69%
-110.68
-19.68%
-92.48
-29.81%
-71.24
Net Other Investing Changes
4.85
+213.84%
-4.26
-204.07%
-1.40
+83.75%
-8.61
Financing Cash Flow
-222.46
-53.99%
-144.47
-128.51%
-63.22
-277.84%
-16.73
Cash Flow From Continuing Financing Activities
-222.46
-53.99%
-144.47
-128.51%
-63.22
-277.84%
-16.73
Net Issuance Payments Of Debt
583.62
0.00
0.00
0.00
Issuance Of Debt
588.12
0.00
0.00
0.00
Repayment Of Debt
-4.50
0.00
0.00
0.00
Long Term Debt Issuance
588.12
0.00
0.00
0.00
Long Term Debt Payments
-4.50
0.00
0.00
—
Net Long Term Debt Issuance
583.62
0.00
0.00
0.00
Short Term Debt Issuance
—
—
0.00
0.00
Short Term Debt Payments
—
—
—
0.00
Net Short Term Debt Issuance
—
—
0.00
0.00
Net Common Stock Issuance
-814.04
-439.23%
-150.96
-88.59%
-80.05
-213.68%
-25.52
Common Stock Payments
-829.29
-449.33%
-150.96
-88.59%
-80.05
-213.68%
-25.52
Repurchase Of Capital Stock
-829.29
-449.33%
-150.96
-88.59%
-80.05
-213.68%
-25.52
Proceeds From Stock Option Exercised
10.57
+15.36%
9.16
-45.54%
16.83
+91.51%
8.79
Net Other Financing Charges
-2.60
+2.47%
-2.67
—
—
Changes In Cash
274.40
+193.56%
-293.30
-88.82%
-155.33
+81.75%
-851.02
Effect Of Exchange Rate Changes
—
—
0.00
0.00
Beginning Cash Position
1,330.19
-18.07%
1,623.49
-8.73%
1,778.83
-32.36%
2,629.84
End Cash Position
1,604.60
+20.63%
1,330.19
-18.07%
1,623.49
-8.73%
1,778.83
Free Cash Flow
508.39
+71.23%
296.91
+357.88%
-115.14
+84.21%
-729.16
Interest Paid Supplemental Data
27.88
0.00
0.00
0.00
Income Tax Paid Supplemental Data
8.24
+56.34%
5.27
-36.84%
8.34
-19.54%
10.37
Change In Income Tax Payable
15.24
+327.57%
3.56
+20.77%
2.95
+131.85%
-9.27
Change In Tax Payable
15.24
+327.57%
3.56
+20.77%
2.95
+131.85%
-9.27
Common Stock Issuance
15.24
0.00
0.00
0.00
Earnings Losses From Equity Investments
-0.97
-307.48%
0.47
-34.91%
0.72
-75.16%
2.90
Issuance Of Capital Stock
15.24
0.00
0.00
0.00
Net Preferred Stock Issuance
—
—
—
—
Preferred Stock Issuance
—
—
—
—
Preferred Stock Payments
—
—
—
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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