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 12.51B
Enterprise Value 13.16B 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 12.89 PEG
P/S 2.07 P/B 19.70 P/C
EV/EBITDA 48.21 EV/Sales 2.17 Quick Ratio 0.70
Current Ratio 1.03 Debt/Eq 299.28 LT Debt/Eq
EPS (ttm) -0.01 EPS next Y 1.95 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 492.99M
Shs Float 478.82M Short Float 8.03% Short Ratio 2.08
Short Interest 52W High 48.78 52W Low 21.01
Beta 1.68 Avg Volume 14.42M Volume 12.17M
Target Price $36.41 Recom Buy Prev Close $25.16
Price $25.14 Change -0.08%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$36.41
Mean price target
2. Current target
$25.14
Latest analyst target
3. DCF / Fair value
$22.12
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$25.14
Low
$24.00
High
$76.00
Mean
$36.41

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
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
2026-02-17 main Needham Buy → Buy $35
2026-02-13 main Canaccord Genuity Buy → Buy $44
2026-02-13 main BTIG Buy → Buy $37
2026-02-13 main Benchmark Buy → Buy $29
Insider Transactions

No recent insider transactions.

Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems996.87K-719.80K-12.08M1.38M
TaxRateForCalcs0.210.150.210.05
NormalizedEBITDA254.92M-333.20M-529.76M-1.30B
TotalUnusualItems4.75M-4.95M-57.54M29.40M
TotalUnusualItemsExcludingGoodwill4.75M-4.95M-57.54M29.40M
NetIncomeFromContinuingOperationNetMinorityInterest3.71M-507.29M-802.14M-1.38B
ReconciledDepreciation275.49M270.85M201.92M169.25M
ReconciledCostOfRevenue3.56B2.95B2.29B1.48B
EBITDA259.67M-338.14M-587.30M-1.27B
EBIT-15.82M-609.00M-789.23M-1.44B
NetInterestIncome-19.94M44.30M55.74M18.70M
InterestExpense2.96M2.68M2.65M2.11M
InterestIncome47.26M58.42M21.35M4.07M
NormalizedIncome-40.13K-503.06M-756.68M-1.41B
NetIncomeFromContinuingAndDiscontinuedOperation3.71M-507.29M-802.14M-1.38B
TotalExpenses6.07B5.38B4.45B3.75B
TotalOperatingIncomeAsReported-15.82M-609.00M-789.23M-1.51B
DilutedAverageShares495.90M482.00M462.60M436.07M
BasicAverageShares495.90M482.00M462.60M436.07M
DilutedEPS0.01-1.05-1.73-3.16
BasicEPS0.01-1.05-1.73-3.16
DilutedNIAvailtoComStockholders-4.03M-507.29M-802.14M-1.38B
NetIncomeCommonStockholders-4.03M-507.29M-802.14M-1.38B
OtherunderPreferredStockDividend7.74M0.000.00
NetIncome3.71M-507.29M-802.14M-1.38B
NetIncomeIncludingNoncontrollingInterests3.71M-507.29M-802.14M-1.38B
NetIncomeContinuousOperations3.71M-507.29M-802.14M-1.38B
EarningsFromEquityInterestNetOfTax971.00K-468.00K-719.00K-2.90M
TaxProvision4.27M-86.34M10.17M-67.87M
PretaxIncome7.01M-593.16M-791.25M-1.44B
OtherIncomeExpense42.77M-28.46M-57.77M50.10M
OtherNonOperatingIncomeExpenses38.02M-23.51M-224.00K20.70M
GainOnSaleOfSecurity4.75M-4.95M-57.54M29.40M
NetNonOperatingInterestIncomeExpense-19.94M44.30M55.74M18.70M
TotalOtherFinanceCost19.94M-44.30M-55.74M-18.70M
InterestExpenseNonOperating2.96M2.68M2.65M2.11M
InterestIncomeNonOperating47.26M58.42M21.35M4.07M
OperatingIncome-15.82M-609.00M-789.23M-1.51B
OperatingExpense2.51B2.43B2.16B2.27B
ResearchAndDevelopment459.91M397.11M355.16M318.25M
SellingGeneralAndAdministration2.05B2.03B1.81B1.95B
SellingAndMarketingExpense1.38B1.26B1.20B1.19B
GeneralAndAdministrativeExpense673.60M764.10M606.57M763.72M
OtherGandA673.60M764.10M606.57M763.72M
GrossProfit2.50B1.82B1.37B756.19M
CostOfRevenue3.56B2.95B2.29B1.48B
TotalRevenue6.05B4.77B3.67B2.24B
OperatingRevenue5.63B4.41B3.32B1.85B
Line Item2025-12-312024-12-312023-12-312022-12-31
TreasurySharesNumber38.24M15.65M11.90M8.69M
OrdinarySharesNumber495.05M489.07M472.70M450.57M
ShareIssued533.30M504.72M484.60M459.26M
NetDebt708.10M468.14M
TotalDebt1.89B1.34B1.35B1.32B
TangibleBookValue-1.86B-1.48B-736.69M-340.61M
InvestedCapital2.47B2.27B2.09B2.57B
WorkingCapital59.54M-121.23M521.75M838.38M
NetTangibleAssets-1.86B-1.48B-736.69M-340.61M
CapitalLeaseObligations54.19M78.65M92.33M73.58M
CommonStockEquity631.46M1.01B840.31M1.32B
TotalCapitalization2.47B2.27B2.09B2.57B
TotalEquityGrossMinorityInterest631.46M1.01B840.31M1.32B
StockholdersEquity631.46M1.01B840.31M1.32B
GainsLossesNotAffectingRetainedEarnings36.49M36.49M36.49M36.49M
OtherEquityAdjustments36.49M36.49M36.49M36.49M
TreasuryStock1.39B563.15M412.18M332.13M
RetainedEarnings-6.44B-6.44B-5.93B-5.13B
AdditionalPaidInCapital8.42B7.98B7.15B6.75B
CapitalStock91.00K87.00K85.00K84.00K
CommonStock91.00K87.00K85.00K84.00K
TotalLiabilitiesNetMinorityInterest3.90B3.27B3.10B2.72B
TotalNonCurrentLiabilitiesNetMinorityInterest2.14B1.62B1.55B1.47B
OtherNonCurrentLiabilities172.20M195.61M83.97M70.03M
DerivativeProductLiabilities0.0022.03M63.57M10.68M
TradeandOtherPayablesNonCurrent91.62M76.38M72.81M69.86M
LongTermDebtAndCapitalLeaseObligation1.88B1.32B1.33B1.32B
LongTermCapitalLeaseObligation44.39M67.66M80.83M69.33M
LongTermDebt1.84B1.26B1.25B1.25B
CurrentLiabilities1.76B1.65B1.55B1.25B
OtherCurrentLiabilities960.24M982.75M898.52M724.62M
CurrentDeferredLiabilities56.43M46.39M43.63M40.52M
CurrentDeferredRevenue56.43M46.39M43.63M40.52M
CurrentDebtAndCapitalLeaseObligation9.79M10.99M11.50M4.25M
CurrentCapitalLeaseObligation9.79M10.99M11.50M4.25M
PensionandOtherPostRetirementBenefitPlansCurrent101.85M87.19M94.83M78.82M
PayablesAndAccruedExpenses627.16M527.66M501.13M398.25M
CurrentAccruedExpenses388.10M343.60M350.51M317.21M
Payables239.06M184.06M150.63M81.04M
TotalTaxPayable171.20M130.40M116.50M70.89M
AccountsPayable67.86M53.66M34.13M10.15M
TotalAssets4.53B4.28B3.94B4.04B
TotalNonCurrentAssets2.72B2.75B1.87B1.96B
OtherNonCurrentAssets109.10M123.06M131.55M155.87M
NonCurrentPrepaidAssets45.38M
InvestmentsAndAdvances18.94M13.20M10.28M10.08M
LongTermEquityInvestment18.94M13.20M10.28M10.08M
GoodwillAndOtherIntangibleAssets2.49B2.49B1.58B1.66B
OtherIntangibleAssets889.20M933.12M690.62M776.93M
Goodwill1.60B1.56B886.37M886.37M
NetPPE100.89M125.47M154.68M126.06M
AccumulatedDepreciation-104.80M-88.37M-75.45M-55.60M
GrossPPE205.69M213.83M230.13M181.66M
Leases61.52M56.35M57.31M43.05M
OtherProperties49.81M74.92M93.98M65.96M
MachineryFurnitureEquipment94.36M82.57M78.84M72.66M
Properties0.000.000.000.00
CurrentAssets1.82B1.53B2.07B2.08B
OtherCurrentAssets104.84M145.73M98.56M94.84M
RestrictedCash477.05M541.91M352.99M469.65M
PrepaidAssets25.68M
Receivables105.58M57.84M349.31M211.18M
AccountsReceivable105.58M57.84M349.31M211.18M
CashCashEquivalentsAndShortTermInvestments1.13B788.29M1.27B1.31B
CashAndCashEquivalents1.13B788.29M1.27B1.31B
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow508.39M296.91M-115.14M-729.16M
RepurchaseOfCapitalStock-829.29M-150.96M-80.05M-25.52M
RepaymentOfDebt-4.50M0.000.000.00
IssuanceOfDebt588.12M0.000.000.00
IssuanceOfCapitalStock15.24M0.000.000.00
CapitalExpenditure-154.46M-120.86M-113.39M-103.64M
InterestPaidSupplementalData27.88M0.000.000.00
IncomeTaxPaidSupplementalData8.24M5.27M8.34M10.37M
EndCashPosition1.60B1.33B1.62B1.78B
BeginningCashPosition1.33B1.62B1.78B2.63B
EffectOfExchangeRateChanges0.000.00583.00K
ChangesInCash274.40M-293.30M-155.33M-851.02M
FinancingCashFlow-222.46M-144.47M-63.22M-16.73M
CashFlowFromContinuingFinancingActivities-222.46M-144.47M-63.22M-16.73M
NetOtherFinancingCharges-2.60M-2.67M416.00K
ProceedsFromStockOptionExercised10.57M9.16M16.83M8.79M
NetPreferredStockIssuance0.00
PreferredStockPayments0.00
PreferredStockIssuance0.00
NetCommonStockIssuance-814.04M-150.96M-80.05M-25.52M
CommonStockPayments-829.29M-150.96M-80.05M-25.52M
CommonStockIssuance15.24M0.000.000.00
NetIssuancePaymentsOfDebt583.62M0.000.000.00
NetShortTermDebtIssuance0.000.000.00
ShortTermDebtPayments0.000.00
ShortTermDebtIssuance0.000.000.00
NetLongTermDebtIssuance583.62M0.000.000.00
LongTermDebtPayments-4.50M0.000.000.00
LongTermDebtIssuance588.12M0.000.000.00
InvestingCashFlow-166.00M-566.60M-90.36M-208.77M
CashFlowFromContinuingInvestingActivities-166.00M-566.60M-90.36M-208.77M
NetOtherInvestingChanges4.85M-4.26M-1.40M-8.61M
NetInvestmentPurchaseAndSale0.000.0024.43M0.00
SaleOfInvestment0.000.0024.43M0.00
PurchaseOfInvestment0.00-25.00M
NetBusinessPurchaseAndSale-16.38M-441.49M0.00-96.51M
PurchaseOfBusiness-16.38M-441.49M0.00-96.51M
NetIntangiblesPurchaseAndSale-139.11M-110.68M-92.48M-71.24M
PurchaseOfIntangibles-139.11M-110.68M-92.48M-71.24M
NetPPEPurchaseAndSale-15.35M-10.18M-20.90M-32.40M
PurchaseOfPPE-15.35M-10.18M-20.90M-32.40M
OperatingCashFlow662.86M417.77M-1.75M-625.52M
CashFlowFromContinuingOperatingActivities662.86M417.77M-1.75M-625.52M
ChangeInWorkingCapital97.35M335.08M134.88M121.72M
ChangeInOtherWorkingCapital130.00K6.56M1.30M-1.06M
ChangeInOtherCurrentLiabilities-38.60M135.95M176.81M168.37M
ChangeInPayablesAndAccruedExpense147.43M-14.63M106.55M86.00M
ChangeInPayable147.43M-14.63M106.55M86.00M
ChangeInAccountPayable132.18M-18.20M103.59M95.27M
ChangeInTaxPayable15.24M3.56M2.95M-9.27M
ChangeInIncomeTaxPayable15.24M3.56M2.95M-9.27M
ChangeInPrepaidAssets-14.47M-24.57M-16.90M-31.14M
ChangeInReceivables2.99M238.20M-138.13M-102.81M
ChangesInAccountReceivables-57.70M-10.12M3.56M2.51M
OtherNonCashItems-33.47M6.26M940.00K-6.40M
StockBasedCompensation339.31M381.37M398.46M578.80M
DeferredTax-18.23M-92.73M5.85M-73.41M
DeferredIncomeTax-18.23M-92.73M5.85M-73.41M
DepreciationAmortizationDepletion275.49M270.85M201.92M169.25M
DepreciationAndAmortization275.49M270.85M201.92M169.25M
AmortizationCashFlow180.90M
AmortizationOfIntangibles180.90M
Depreciation20.40M
OperatingGainsLosses-1.31M24.22M58.34M-37.50M
EarningsLossesFromEquityInvestments-971.00K468.00K719.00K2.90M
GainLossOnInvestmentSecurities-341.00K17.89M57.62M-40.40M
GainLossOnSaleOfBusiness0.005.87M0.000.00
NetIncomeFromContinuingOperations3.71M-507.29M-802.14M-1.38B
SEC Filings

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

Public Trades for DKNG
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status