Tearsheet

DraftKings (DKNG)

Market Price (9/18/2025): $42.7 | Market Cap: $21.2 Bil
Sector: Consumer Discretionary | Industry: Casinos & Gaming

DraftKings (DKNG)

Market Price (9/18/2025): $42.7
Market Cap: $21.2 Bil
Sector: Consumer Discretionary
Industry: Casinos & Gaming

Investment Highlights

0	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 26%	Weak multi-year price returns 2Y Excs Rtn is -8.9%	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -333 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -6.2%
1	Low stock price volatility Vol 12M is 45%		Expensive valuation multiples P/SPrice/Sales ratio is 3.9x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 41x
2			Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.9%

0	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 26%
1	Low stock price volatility Vol 12M is 45%
2	Weak multi-year price returns 2Y Excs Rtn is -8.9%
3	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -333 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -6.2%
4	Expensive valuation multiples P/SPrice/Sales ratio is 3.9x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 41x
5	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.9%

Market Valuation

	9/18/25	2024	2023	2022	2021
Share Price CYE	$42.70	$37.20	$35.25	$11.39	$27.47
Market Cap CYE ($ Bil)	21.2	18.1	16.5	5.1	11.2
Total Debt ($ Bil)	1.9	1.3	1.3	1.3	1.3
Total Cash ($ Bil)	1.3	0.8	1.3	1.3	2.2
Enterprise Value ($ Bil)	21.8	19.4	17.8	6.4	12.5
Valuation Ratios
P/S TTM	3.9	3.8	4.5	2.2	8.5
P/EBIT TTM	-72.7	-30.4	-20.7	-3.5	-7.3
P/E TTM	-69.6	-35.3	-20.3	-3.6	-7.3
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9	0.8	1.3
P/EBIT TTM (Sector)	7.2	6.9	7.0	5.5	7.4
P/E TTM (Sector)	9.5	8.1	8.9	7.3	9.2

	9/18/25	2024	2023
Share Price CYE	$42.70	$37.20	$35.25
Market Cap CYE ($ Bil)	21.2	18.1	16.5
Total Debt ($ Bil)	1.9	1.3	1.3
Total Cash ($ Bil)	1.3	0.8	1.3
Enterprise Value ($ Bil)	21.8	19.4	17.8
Valuation Ratios
P/S TTM	3.9	3.8	4.5
P/EBIT TTM	-72.7	-30.4	-20.7
P/E TTM	-69.6	-35.3	-20.3
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9
P/EBIT TTM (Sector)	7.2	6.9	7.0
P/E TTM (Sector)	9.5	8.1	8.9

Stock Price
Market Cap

Stock Price Chart

Return (1Y):

Market Cap Chart

Business Description

DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States. It operates through two segments, Business-to-Consumer and Business-to-Business. Show more

Price Returns Compared

Expand for Detailed View

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
DKNG Return	335%	-41%	-59%	209%	6%	15%	311%
Peers Return	3%	19%	-10%	29%	-2%	-10%	25%
S&P 500 Return	16%	27%	-19%	24%	23%	12%	104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: SCI, BFAM, HRB, MTN, DV. See DKNG Returns vs. Peers.
[3] 2025 data is for the year up to 9/17/2025 (YTD)

Better Bets than DraftKings (DKNG)

	DKNG	Better Performance than DKNG
Metric	Value	Industry (Casinos & Gaming)
Rev Chg LTM	25.8%	RSI (27.0%), GAMB (27.6%)
Rev Chg 3Y Avg	53.4%
Op Mgn LTM	-6.2%	LVS (21.9%), WYNN (18.2%), MGM (8.6%), LNW (24.7%), BYD (23.7%)
CFO/Rev LTM	9.5%	LVS (20.5%), WYNN (18.6%), MGM (14.7%), LNW (19.1%), BYD (24.3%)
FCF/Rev LTM	7.1%	WYNN (10.7%), MGM (7.5%), LNW (10.4%), BYD (12.2%), CHDN (12.9%)
Total Yield	-1.4%	LVS (5.8%), WYNN (4.2%), MGM (5.6%), LNW (4.7%), BYD (8.3%)

	DKNG	Better Performance than DKNG
Metric	Value	Sector (Consumer Discretionary)
Rev Chg LTM	25.8%	MELI (35.8%), CVNA (39.5%), ONON (35.7%), DUOL (39.5%), VFS (86.1%)
Rev Chg 3Y Avg	53.4%	RCL (65.4%), CCL (81.1%), RIVN (183.6%), NCLH (79.0%), LCID (114.2%)
Op Mgn LTM	-6.2%	AMZN (11.4%), TSLA (6.2%), HD (13.1%), BABA (14.6%), TM (9.6%)
CFO/Rev LTM	9.5%	AMZN (18.1%), TSLA (17.0%), HD (10.8%), BABA (15.0%), TM (10.1%)
FCF/Rev LTM	7.1%	HD (8.6%), BABA (15.0%), MCD (26.5%), BKNG (36.9%), LOW (9.2%)
Total Yield	-1.4%	AMZN (2.9%), TSLA (0.4%), HD (5.7%), BABA (37.9%), TM (2077.1%)

	DKNG	Better Performance than DKNG
Metric	Value	All Other Sectors
Rev Chg LTM	25.8%	NVDA (71.6%), AVGO (28.0%), LLY (36.8%), PLTR (38.8%), AMD (27.2%)
Rev Chg 3Y Avg	53.4%	NVDA (92.0%), APO (129.8%), NU (70.1%), CRDO (74.4%), SMCI (64.7%)
Op Mgn LTM	-6.2%	NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), GOOGL (32.7%), META (42.9%)
CFO/Rev LTM	9.5%	NVDA (46.6%), MSFT (48.3%), AAPL (26.6%), GOOGL (36.0%), META (56.4%)
FCF/Rev LTM	7.1%	NVDA (43.6%), MSFT (25.4%), AAPL (23.5%), GOOGL (18.0%), META (30.7%)
Total Yield	-1.4%	NVDA (2.1%), MSFT (3.3%), AAPL (3.2%), GOOGL (4.1%), META (3.7%)

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	DraftKings Earnings Notes
2	How Does DKNG Stack Up Against Its Peers?	Peer Comparison
3	DKNG Dip Buy Analysis
4	DraftKings Total Shareholder Return (TSR): 5.5% in 2024 and 10.6% 3-yr compounded annual returns (above peer average)
5	Day 5 of Gains Streak for DraftKings Stock with 27% Return (vs. 44% YTD) [2/18/2025]	Notification
6	DraftKings (DKNG) worth $22 Bil (up $2.9 Bil), more valuable than Labcorp	Notification
7	DraftKings (DKNG) Operating Cash Flow Comparison	Financials
8	Day 5 of Gains Streak for DraftKings Stock with 27% Return (vs. 44% YTD) [2/16/2025]	Notification
9	DraftKings (DKNG) worth $22 Bil (up $2.9 Bil), more valuable than Labcorp	Notification
10	DraftKings (DKNG) Net Income Comparison	Financials

	Title
0	ARTICLES
1	DraftKings Earnings Notes
2	How Does DKNG Stack Up Against Its Peers?
3	DKNG Dip Buy Analysis
4	DraftKings Total Shareholder Return (TSR): 5.5% in 2024 and 10.6% 3-yr compounded annual returns (above peer average)
5	Day 5 of Gains Streak for DraftKings Stock with 27% Return (vs. 44% YTD) [2/18/2025]
6	DraftKings (DKNG) worth $22 Bil (up $2.9 Bil), more valuable than Labcorp
7	DraftKings (DKNG) Operating Cash Flow Comparison
8	Day 5 of Gains Streak for DraftKings Stock with 27% Return (vs. 44% YTD) [2/16/2025]
9	DraftKings (DKNG) worth $22 Bil (up $2.9 Bil), more valuable than Labcorp
10	DraftKings (DKNG) Net Income Comparison

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	ECDA	ECD Automotive Design	3937.1%	307.9%
2	ATHA	Athira Pharma	890.3%	544.3%
3	SPRC	SciSparc	142.9%	1141.7%
4	ATCH	AtlasClear	87.4%	-83.1%
5	GV	Visionary	68.2%	14.8%
6	APLM	Apollomics	51.3%	89.1%
7	SQFT	Presidio Property Trust	46.3%	11.0%
8	CDT	CDT Equity	40.1%	-99.1%
9	EDUC	Educational Development	31.8%	9.1%
10	ILLR	Triller	29.8%	-37.8%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	CURX	Curanex Pharmaceuticals	-83.5%	148.4%
2	CODX	Co-Diagnostics	-34.7%	-44.4%
3	BOXL	Boxlight	-34.5%	-13.5%
4	OPI	Office Properties Income Trust	-31.8%	-40.9%
5	BIAF	bioAffinity Technologies	-30.0%	-79.9%
6	ENVB	Enveric Biosciences	-29.3%	-88.0%
7	KAVL	Kaival Brands Innovations	-27.3%	-46.7%
8	AEI	Alset	-25.5%	211.8%
9	INBS	Intelligent Bio Solutions	-25.0%	0.7%
10	LVRO	Lavoro	-23.0%	-67.2%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	ECDA	ECD Automotive Design	3347.2%	307.9%
2	BDSX	Biodesix	1090.6%	-79.7%
3	CLSD	Clearside Biomedical	987.7%	-74.7%
4	ATHA	Athira Pharma	892.1%	544.3%
5	SDOT	Sadot	690.6%	-79.9%
6	ATCH	AtlasClear	684.9%	-83.1%
7	HSDT	Helius Medical Technologies	232.1%	-95.5%
8	CHEK	Check-Cap	222.2%	134.4%
9	APLM	Apollomics	197.8%	89.1%
10	SPRC	SciSparc	147.0%	1141.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	CURX	Curanex Pharmaceuticals	-80.5%	148.4%
2	ATYR	aTyr Pharma	-80.4%	-71.7%
3	NAKA	Kindly MD	-70.2%
4	BNGO	Bionano Genomics	-64.0%	-89.8%
5	XAGE	Longevity Health	-57.6%	-86.1%
6	FAAS	DigiAsia	-55.4%	-88.0%
7	ASST	Strive	-54.5%	650.3%
8	VCIG	VCI Global	-51.0%	-98.9%
9	REX	REX American Resources	-50.7%	44.3%
10	RBNE	Robin Energy	-42.6%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	11931.7%	11931.7%
2	GIBO	GIBO	10714.0%
3	LNZA	LanzaTech Global	8455.2%	-86.3%
4	GTI	Graphjet Technology	3998.4%	-93.1%
5	GWAV	Greenwave Technology Solutions	3582.8%	-91.4%
6	QMMM	QMMM	3409.6%	8153.1%
7	ECDA	ECD Automotive Design	2715.2%	307.9%
8	OESX	Orion Energy Systems	1373.7%	14.2%
9	OP	OceanPal	1266.5%	-95.6%
10	BCTX	BriaCell Therapeutics	1032.4%	-89.8%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	CJET	Chijet Motor	-94.5%	-96.0%
2	STFS	Star Fashion Culture	-92.3%	-97.9%
3	ELPW	Elong Power	-91.1%	-76.9%
4	NXTT	Next Technology	-90.1%	-95.4%
5	EPIX	ESSA Pharma	-89.4%	-8.9%
6	NAKA	Kindly MD	-88.1%
7	BINI	Bollinger Innovations	-87.6%	-100.0%
8	JEM	707 Cayman	-87.4%	-98.2%
9	YAAS	Youxin Technology	-83.3%	-98.4%
10	NEON	Neonode	-82.5%	-51.0%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	ECDA	ECD Automotive Design	3937.1%	307.9%
2	ATHA	Athira Pharma	890.3%	544.3%
3	SPRC	SciSparc	142.9%	1141.7%
4	ATCH	AtlasClear	87.4%	-83.1%
5	GV	Visionary	68.2%	14.8%
6	APLM	Apollomics	51.3%	89.1%
7	SQFT	Presidio Property Trust	46.3%	11.0%
8	CDT	CDT Equity	40.1%	-99.1%
9	EDUC	Educational Development	31.8%	9.1%
10	ILLR	Triller	29.8%	-37.8%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	CURX	Curanex Pharmaceuticals	-83.5%	148.4%
2	CODX	Co-Diagnostics	-34.7%	-44.4%
3	BOXL	Boxlight	-34.5%	-13.5%
4	OPI	Office Properties Income Trust	-31.8%	-40.9%
5	BIAF	bioAffinity Technologies	-30.0%	-79.9%
6	ENVB	Enveric Biosciences	-29.3%	-88.0%
7	KAVL	Kaival Brands Innovations	-27.3%	-46.7%
8	AEI	Alset	-25.5%	211.8%
9	INBS	Intelligent Bio Solutions	-25.0%	0.7%
10	LVRO	Lavoro	-23.0%	-67.2%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	ECDA	ECD Automotive Design	3347.2%	307.9%
2	BDSX	Biodesix	1090.6%	-79.7%
3	CLSD	Clearside Biomedical	987.7%	-74.7%
4	ATHA	Athira Pharma	892.1%	544.3%
5	SDOT	Sadot	690.6%	-79.9%
6	ATCH	AtlasClear	684.9%	-83.1%
7	HSDT	Helius Medical Technologies	232.1%	-95.5%
8	CHEK	Check-Cap	222.2%	134.4%
9	APLM	Apollomics	197.8%	89.1%
10	SPRC	SciSparc	147.0%	1141.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	CURX	Curanex Pharmaceuticals	-80.5%	148.4%
2	ATYR	aTyr Pharma	-80.4%	-71.7%
3	NAKA	Kindly MD	-70.2%
4	BNGO	Bionano Genomics	-64.0%	-89.8%
5	XAGE	Longevity Health	-57.6%	-86.1%
6	FAAS	DigiAsia	-55.4%	-88.0%
7	ASST	Strive	-54.5%	650.3%
8	VCIG	VCI Global	-51.0%	-98.9%
9	REX	REX American Resources	-50.7%	44.3%
10	RBNE	Robin Energy	-42.6%

Peer Comparisons for DraftKings

Financials

	DKNG	SCI	BFAM	HRB	MTN	DV	Median
Name	DraftKin.	Service .	Bright H.	H&R Block	Vail Res.	DoubleVe.
Mkt Price	42.64	79.72	109.23	51.34	149.10	12.97	65.53
Mkt Cap	21.2	11.3	6.3	6.9	5.6	2.1	6.6
Rev LTM	5,410	4,247	2,790	3,761	2,958	714	3,360
Op Inc LTM	-333	969	286	828	553	85	419
FCF LTM	385	604	243	599	397	150	391
FCF 3Y Avg	5	496	203	669	385	116	294
CFO LTM	514	1,005	332	681	632	179	573
CFO 3Y Avg	125	881	292	741	630	145	461

Growth & Margins

	DKNG	SCI	BFAM	HRB	MTN	DV	Median
Name	DraftKin.	Service .	Bright H.	H&R Block	Vail Res.	DoubleVe.
Rev Chg LTM	25.8%	2.6%	9.2%	4.2%	2.4%	16.5%	6.7%
Rev Chg 3Y Avg	53.4%	0.6%	14.3%	2.8%	6.6%	21.9%	10.4%
Rev Chg Q	36.9%	3.0%	9.2%	4.6%	1.0%	21.3%	6.9%
QoQ Delta Rev Chg LTM	8.2%	0.7%	2.3%	1.3%	0.4%	4.9%	1.8%
Op Mgn LTM	-6.2%	22.8%	10.2%	22.0%	18.7%	11.9%	15.3%
Op Mgn 3Y Avg	-18.7%	21.8%	8.4%	22.0%	19.7%	12.8%	16.2%
QoQ Delta Op Mgn LTM	4.2%	-0.1%	0.4%	0.3%	-0.5%	-0.2%	0.1%
CFO/Rev LTM	9.5%	23.7%	11.9%	18.1%	21.4%	25.1%	19.7%
CFO/Rev 3Y Avg	1.0%	21.2%	11.5%	20.6%	21.6%	23.5%	20.9%
FCF/Rev LTM	7.1%	14.2%	8.7%	15.9%	13.4%	21.0%	13.8%
FCF/Rev 3Y Avg	-1.9%	11.9%	8.0%	18.6%	13.2%	18.6%	12.6%

Valuation

	DKNG	SCI	BFAM	HRB	MTN	DV	Median
Name	DraftKin.	Service .	Bright H.	H&R Block	Vail Res.	DoubleVe.
Mkt Cap	21.2	11.3	6.3	6.9	5.6	2.1	6.6
P/S	3.9	2.7	2.2	1.8	1.9	3.0	2.5
P/EBIT	-72.6	11.8	21.9	8.0	9.5	22.6	10.7
P/E	-69.5	21.1	35.4	11.3	19.1	40.0	20.1
P/CFO	41.2	11.3	18.8	10.1	8.8	11.8	11.5
Total Yield	-1.4%	4.7%	2.8%	11.0%	6.7%	2.5%	3.8%
Dividend Yield	0.0%	0.0%	0.0%	2.1%	1.5%	0.0%	0.0%
FCF Yield 3Y Avg	-0.4%	4.7%	3.2%	10.8%	5.4%	3.7%	4.2%
D/E	0.1	0.4	0.3	0.3	0.5	0.0	0.3
Net D/E	0.0	0.4	0.3	0.2	0.4	-0.1	0.2

Returns

	DKNG	SCI	BFAM	HRB	MTN	DV	Median
Name	DraftKin.	Service .	Bright H.	H&R Block	Vail Res.	DoubleVe.
1M Rtn	-6.7%	-0.9%	-8.4%	2.7%	-3.3%	-19.8%	-5.0%
3M Rtn	7.7%	2.2%	-10.6%	-6.1%	-3.9%	-8.5%	-5.0%
6M Rtn	10.6%	1.4%	-15.1%	-1.4%	-6.5%	-10.9%	-4.0%
12M Rtn	9.5%	0.5%	-21.0%	-16.8%	-13.9%	-24.4%	-15.4%
3Y Rtn	129.2%	38.1%	72.7%	24.6%	-23.7%	-52.6%	31.3%
1M Excs Rtn	-9.0%	-3.2%	-10.7%	0.3%	-5.7%	-22.1%	-7.4%
3M Excs Rtn	1.5%	-7.6%	-20.8%	-16.4%	-14.2%	-19.9%	-15.3%
6M Excs Rtn	-2.0%	-15.9%	-31.7%	-17.5%	-22.2%	-28.1%	-19.8%
12M Excs Rtn	-4.5%	-16.0%	-39.7%	-33.8%	-30.0%	-42.9%	-31.9%
3Y Excs Rtn	73.7%	-28.7%	-6.5%	-37.9%	-89.7%	-116.1%	-33.3%

Comparison Analyses

	Title
0	How Does DKNG Stack Up Against Its Peers?
1	DraftKings vs. Element Solutions: With Return Forecast Of -7%, Element Solutions Is A Better Bet
2	DraftKings vs. Bright Horizons Family Solutions: With Return Forecast Of 17%, Bright Horizons Family Solutions Is A Better Bet
3	DraftKings Inc. vs Akamai: Similar Market Cap; Which Stock Is A Better Bet?
4	DraftKings Inc. vs HubSpot: Similar Revenue; Which Stock Is A Better Bet?
5	DraftKings Inc. vs Avery Dennison: Similar Market Cap; Which Stock Is A Better Bet?
6	DraftKings Inc. vs CenterPoint Energy: Similar Market Cap; Which Stock Is A Better Bet?
7	DraftKings Inc. vs The Trade Desk: Similar Revenue; Which Stock Is A Better Bet?
8	DraftKings Inc. vs Halliburton: Similar Market Cap; Which Stock Is A Better Bet?
9	DraftKings Inc. vs Ringcentral: Similar Market Cap; Which Stock Is A Better Bet?

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	6/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	8/7/2025	2/14/2025	2/16/2024	2/17/2023	2/18/2022	2/26/2021	10/5/2020
Key Financials
Total Revenue	5,410	4,768	3,665	2,240	1,296	615	323
EBITDA	-0	-319	-587	-1,271	-1,394	-766	-133
Operating Income	-333	-609	-789	-1,512	-1,562	-843	-147
Net Income	-304	-507	-802	-1,378	-1,523	-1,232	-143
EPS	-0.63	-1.05	-1.73	-3.16	-3.78	-4.03	-0.77
Growth Rates
Total Revenue Growth	25.8%	30.1%	63.6%	72.9%	110.9%	90.0%	42.9%
EBITDA Growth	100.0%	45.6%	53.8%	8.8%	-82.1%	-476.2%	-91.8%
Operating Income Growth	33.5%	22.8%	47.8%	3.2%	-85.2%	-475.4%	-90.9%
Net Income Growth	25.1%	36.8%	41.8%	9.5%	-23.7%	-763.0%	-87.3%
Margins
EBITDA Margin	-0.0%	-6.7%	-16.0%	-56.7%	-107.6%	-124.6%	-41.1%
Operating Income Margin	-6.2%	-12.8%	-21.5%	-67.5%	-120.5%	-137.2%	-45.3%
Net Income Margin	-5.6%	-10.6%	-21.9%	-61.5%	-117.5%	-200.5%	-44.1%
Cash & Debt
Total Cash	1,262	788	1,271	1,309	2,153	1,817	77
Total Debt	1,910	1,335	1,346	1,325	1,319	82	75
Net Debt / (Cash)	648	547	76	16	-834	-1,736	-1
Cash Flows
Net Cash from Operations	514	418	-2	-626	-420	-194	-47
Free Cash from Operations	385	297	-115	-729	-518	-240	-89
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	438	151	80	26	18	289	1

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	8/7/2025	5/9/2025	2/14/2025	11/8/2024	8/2/2024	5/3/2024	2/16/2024	11/3/2023	8/4/2023	5/5/2023	2/17/2023	11/4/2022
Key Financials Quarterly
Total Revenue	1,513	1,409	1,393	1,095	1,104	1,175	1,231	790	875	770	855	502
Ebitda	247	36	-79	-204	53	-89	18	-231	-27	-347	-183	-401
Operating Income	151	-46	-139	-299	-32	-139	-44	-287	-69	-390	-232	-455
Net Income	158	-34	-135	-294	64	-143	-45	-283	-77	-397	-243	-450
EPS	0.32	-0.07	-0.28	-0.60	0.13	-0.30	-0.10	-0.61	-0.17	-0.87	-0.53	-1.00
Key Financials TTM
Total Revenue TTM	5,410	5,002	4,768	4,606	4,300	4,071	3,665	3,290	3,002	2,593	2,240	1,859
Ebitda TTM	-0	-194	-319	-222	-249	-329	-587	-788	-958	-1,186	-1,271	-1,378
Operating Income TTM	-333	-516	-609	-514	-502	-538	-789	-978	-1,146	-1,386	-1,512	-1,648
Net Income TTM	-304	-399	-507	-417	-406	-548	-802	-1,000	-1,168	-1,307	-1,378	-1,462
Growth Rates Quarterly
Total Revenue Growth	36.9%	19.9%	13.2%	38.7%	26.2%	52.7%	43.9%	57.4%	87.7%	84.5%	80.7%	135.9%
EBITDA Growth	367.6%	140.0%	-527.7%	11.6%	292.9%	74.2%	110.0%	42.4%	89.3%	19.7%	36.8%	22.4%
Operating Income Growth	565.1%	66.6%	-217.7%	-4.2%	53.1%	64.4%	81.1%	37.0%	77.6%	24.4%	37.0%	16.7%
Net Income Growth	147.5%	76.2%	-202.2%	-3.7%	182.6%	64.1%	81.6%	37.2%	64.4%	15.1%	25.6%	17.3%
Margins Quarterly
EBITDA Margin	16.3%	2.5%	-5.6%	-18.6%	4.8%	-7.6%	1.5%	-29.2%	-3.1%	-45.1%	-21.4%	-79.8%
Operating Income Margin	10.0%	-3.3%	-10.0%	-27.3%	-2.9%	-11.8%	-3.6%	-36.3%	-7.9%	-50.6%	-27.2%	-90.7%
Net Income Margin	10.4%	-2.4%	-9.7%	-26.8%	5.8%	-12.1%	-3.6%	-35.8%	-8.8%	-51.6%	-28.4%	-89.8%
Cash & Debt
Total Cash	1,262	1,120	788	878	816	1,193	1,271	1,112	1,114	1,088	1,309	1,383
Total Debt	1,910	1,919	1,335	1,343	1,345	1,345	1,346	1,342	1,320	1,322	1,325	1,332
Net Debt / (Cash)	648	799	547	465	529	152	76	231	206	235	16	-50
Cash Flows Quarterly
FCF from Operations	174	-119	325	134	29	-70	72	145	-18	-201	-148	52
Cash Flows TTM
FCF from Operations TTM	514	369	418	165	176	129	-2	-222	-315	-470	-626	-649
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	128	217	73	20	24	33	21	18	14	27	4	5
Return on Invested Capital (ROIC) Quarterly
ROIC	7.9%	-2.2%	-6.9%	-16.2%	-1.8%	-8.4%	-2.7%	-17.6%	-4.3%	-24.3%	-15.1%	-30.6%
Return on Invested Capital (ROIC) TTM
ROIC TTM	-4.6%	-5.7%	-7.0%	-6.0%	-5.9%	-8.1%	-12.3%	-15.0%	-17.7%	-20.5%	-23.5%	-26.4%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Sportsbook	2,106	1,033
iGaming	1,217	822
Other	342	386	53	21
Gaming software			97	76
Online gaming			1,146	518
Business-to-consumer (B2C)					323
Total	3,665	2,240	1,296	615	323

Price Behavior

Behavior Stats
Betas Matrix

Price Behavior

Market Price	$42.64
Market Cap ($ Bil)	21.2
First Trading Date	07/25/2019
Distance from 52W High	-20.3%
	50 Days	200 Days
DMA Price	$44.98	$40.44
DMA Trend	up	up
Distance from DMA	-5.2%	5.4%
	3M	1YR
Volatility	31.4%	45.3%
Downside Capture	64.44	119.49
Upside Capture	70.13	108.67
Correlation (SPY)	26.4%	51.5%

DKNG Betas & Captures as of 8/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.98	1.11	1.45	1.15	1.21	1.60
Up Beta	1.05	0.98	1.80	1.20	1.16	1.47
Down Beta	2.68	2.89	3.00	1.19	1.38	1.60
Up Capture	84%	114%	156%	108%	142%	892%
Bmk +ve Days	10	22	35	71	142	415
Stock +ve Days	13	24	38	66	132	394
Down Capture	-8%	-15%	-8%	104%	104%	107%
Bmk -ve Days	11	19	27	54	106	334
Stock -ve Days	8	17	23	58	114	352

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date	8292025
Short Interest: Shares Quantity	30,205,330
Short Interest: % Change Since 8152025	1.0%
Average Daily Volume	7,145,501
Days-to-Cover Short Interest	4.23
Basic Shares Quantity	496,517,000
Short % of Basic Shares	6.1%

Returns Analyses

	Title
0	DraftKings Stock Return Comparison
1	[10/16/2021] DraftKings Inc. (DKNG) Stock Price Forecast: AI Forecasts DKNG Stock Price To Be Around $51.30 In A Month (Up 6.6%)
2	DraftKings Total Shareholder Return (TSR): -41.0% in 2021 and 41.0% 3-yr returns (above peer average)
3	DraftKings Inc. (DKNG) Stock Return: AI Predicts DKNG Average and Excess Return After a Fall or Rise

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
8/7/2025	-0.4%	-4.9%	2.6%
5/9/2025	2.5%	3.6%	2.4%
2/14/2025	15.2%	-1.9%	-16.6%
11/8/2024	3.0%	5.5%	9.0%
8/1/2024	-9.8%	-13.9%	-2.8%
5/2/2024	-2.8%	2.3%	-17.5%
2/15/2024	0.2%	-7.2%	-2.1%
11/2/2023	16.5%	20.1%	28.3%
...
SUMMARY STATS
# Positive	9	7	5
# Negative	5	7	9
Median Positive	9.8%	5.5%	9.0%
Median Negative	-8.9%	-7.5%	-5.3%
Max Positive	16.5%	20.1%	28.3%
Max Negative	-27.8%	-21.3%	-17.5%

	Forward Returns
8/7/2025	-0.4%	-4.9%	2.6%
5/9/2025	2.5%	3.6%	2.4%
2/14/2025	15.2%	-1.9%	-16.6%
11/8/2024	3.0%	5.5%	9.0%
8/1/2024	-9.8%	-13.9%	-2.8%
5/2/2024	-2.8%	2.3%	-17.5%
2/15/2024	0.2%	-7.2%	-2.1%
11/2/2023	16.5%	20.1%	28.3%
8/3/2023	5.8%	-7.5%	-1.2%
5/4/2023	15.3%	12.6%	18.7%
2/16/2023	15.3%	2.1%	-3.3%
11/4/2022	-27.8%	-13.0%	-5.4%
8/5/2022	9.8%	13.3%	-5.3%
5/6/2022	-8.9%	-21.3%	-9.4%
SUMMARY STATS
# Positive	9	7	5
# Negative	5	7	9
Median Positive	9.8%	5.5%	9.0%
Median Negative	-8.9%	-7.5%	-5.3%
Max Positive	16.5%	20.1%	28.3%
Max Negative	-27.8%	-21.3%	-17.5%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
6302025	8072025	10-Q 6/30/2025
3312025	5092025	10-Q 3/31/2025
12312024	2142025	10-K 12/31/2024
9302024	11082024	10-Q 9/30/2024
6302024	8022024	10-Q 6/30/2024
3312024	5032024	10-Q 3/31/2024
12312023	2162024	10-K 12/31/2023
9302023	11032023	10-Q 9/30/2023
6302023	8042023	10-Q 6/30/2023
3312023	5052023	10-Q 3/31/2023
12312022	2172023	10-K 12/31/2022
9302022	11042022	10-Q 9/30/2022
6302022	8052022	10-Q 6/30/2022
3312022	5062022	10-Q 3/31/2022
12312021	2182022	10-K 12/31/2021
9302021	11052021	10-Q 9/30/2021

Insider Activity

Expand for More

	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Moore Ryan R		8252025	Sell	45.91	75,075	3,446,693	78,827	Form
1	Ellingson Alan Wayne	Chief Financial Officer	8212025	Sell	44.90	44,693	2,006,716	5,753,082	Form
2	Ellingson Alan Wayne	Chief Financial Officer	8152025	Sell	43.53	5,725	249,209	7,523,029	Form
3	Moore Jocelyn		8142025	Sell	43.21	4,861	210,044	63,130	Form
4	Moore Jocelyn		6032025	Sell	35.28	3,136	110,638	209,810	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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DraftKings (DKNG)

Market Price (9/18/2025): $42.7 | Market Cap: $21.2 BilSector: Consumer Discretionary | Industry: Casinos & Gaming

DraftKings (DKNG)

Market Price (9/18/2025): $42.7Market Cap: $21.2 BilSector: Consumer DiscretionaryIndustry: Casinos & Gaming

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Market Price (9/18/2025): $42.7 | Market Cap: $21.2 Bil
Sector: Consumer Discretionary | Industry: Casinos & Gaming

Market Price (9/18/2025): $42.7
Market Cap: $21.2 Bil
Sector: Consumer Discretionary
Industry: Casinos & Gaming