Tearsheet
Investment Highlights Market Valuation Price Chart Return vs. Risk About DKNG Interactive Breakdown Better Bets vs. DKNG Latest Trefis Analyses Trade Ideas Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

DraftKings (DKNG)

Market Price (10/27/2025): $33.03 | Market Cap: $16.4 Bil
Sector: Consumer Discretionary | Industry: Casinos & Gaming

DraftKings (DKNG)

Market Price (10/27/2025): $33.03
Market Cap: $16.4 Bil
Sector: Consumer Discretionary
Industry: Casinos & Gaming

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 26%		 Weak multi-year price returns
2Y Excs Rtn is -39%		 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 48%		  Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 32x
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 -6.4%
0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 26%
1 Low stock price volatility
Vol 12M is 48%
2 Weak multi-year price returns
2Y Excs Rtn is -39%
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/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 32x
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 -6.4%

Market Valuation & Key Metrics

DKNGS&P 500
REVENUE GROWTHVERY GOOD
Rev LTM ($ Bil)5.4
Rev Chg Q36.9%6.4%
Rev Chg LTM25.8%5.3%
Rev Chg 3Y Avg53.4%5.4%
PROFITABILITYVERY POOR
Op Inc LTM ($ Bil)-0.3
CFO LTM ($ Bil)0.5
Net Inc LTM ($ Bil)-0.3
Op Mgn LTM-6.2%18.7%
CFO/Rev LTM9.5%20.5%
Net Inc Mgn-5.6%12.7%
VALUATIONVERY HIGH
P/S3.03.3
P/CFO31.916.1
P/FCF42.620.9
P/E-53.924.0
STABILITYVERY GOOD
Debt/Equity0.120.21
Cash/Assets0.280.07

DKNG Stock

   
   
   
   
   
   
   

Return vs. Risk

Price Returns Compared

 202020212022202320242025Total [1]
Returns
DKNG Return335%-41%-59%209%6%-11%208%
Peers Return3%19%-10%29%-2%-11%24%
S&P 500 Return16%27%-19%24%23%15%110%

Monthly Win Rates [3]
DKNG Win Rate67%33%33%67%50%78% 
Peers Win Rate47%59%48%57%50%44% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
DKNG Max Drawdown-0%-43%-63%-3%-15%-15% 
Peers Max Drawdown-34%-9%-33%-11%-18%-20% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: SCI, HRB, BFAM, MTN, DV. See DKNG Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/24/2025 (YTD)

How Low Can It Go

Unique KeyEventDKNGS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-85.7%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven600.9%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-44.5%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven80.2%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven98 days148 days

Compare to SCI, HRB, BFAM, MTN, DV


In The Past

DraftKings's stock fell -85.7% during the 2022 Inflation Shock from a high on 3/19/2021. A -85.7% loss requires a 600.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About DraftKings (DKNG)

Better Bets than DraftKings (DKNG)

 DKNGBetter Performance than DKNG
MetricValueIndustry (Casinos & Gaming)
Rev Chg LTM25.8%RSI (27.0%), GAMB (27.6%)
Rev Chg 3Y Avg53.4%
Op Mgn LTM-6.2%LVS (23.0%), WYNN (18.2%), MGM (8.6%), CHDN (25.1%), BYD (23.7%)
CFO/Rev LTM9.5%LVS (22.3%), WYNN (18.6%), MGM (14.7%), CHDN (27.9%), BYD (24.3%)
FCF/Rev LTM7.1%LVS (9.9%), WYNN (10.7%), MGM (7.5%), CHDN (9.2%), BYD (12.2%)
Total Yield-1.9%LVS (6.0%), WYNN (4.2%), MGM (6.0%), CHDN (5.7%), BYD (8.7%)
 DKNGBetter Performance than DKNG
MetricValueAll Other Sectors
Rev Chg LTM25.8%NVDA (71.6%), AVGO (28.0%), LLY (36.8%), PLTR (38.8%), AMD (27.2%)
Rev Chg 3Y Avg53.4%NVDA (92.0%), NU (70.1%), APO (129.8%), RKLB (58.4%), SMCI (64.7%)
Op Mgn LTM-6.2%NVDA (58.1%), AAPL (31.9%), MSFT (45.6%), GOOGL (32.7%), META (42.9%)
CFO/Rev LTM9.5%NVDA (46.6%), AAPL (26.6%), MSFT (48.3%), GOOGL (36.0%), META (56.4%)
FCF/Rev LTM7.1%NVDA (43.6%), AAPL (23.5%), MSFT (25.4%), GOOGL (18.0%), META (30.7%)
Total Yield-1.9%NVDA (1.9%), AAPL (2.9%), MSFT (3.2%), GOOGL (4.0%), META (3.8%)
 Best Bets In Consumer Discretionary Sector
 DKNGABNB BKNG MCD LOPE PRDO ALSN CROX GRMN WH YUM
What You Pay           
P/E-53.830.034.726.025.816.09.119.530.716.927.9
P/EBIT-56.230.221.418.120.211.76.817.027.410.016.3
What You Get           
Rev Chg Q36.9%12.7%16.0%5.4%8.8%26.6%-0.2%3.4%20.4%-3.5%9.6%
Rev Chg LTM25.8%10.2%11.7%1.2%6.5%6.3%2.7%2.0%19.6%3.4%11.3%
Rev Chg 3Y Avg53.4%16.3%19.9%3.4%5.8%1.7%8.0%14.5%11.0%-2.5%5.9%
FCF/Rev 3Y Avg-1.9%40.5%34.6%27.2%22.6%21.0%20.9%19.8%19.4%19.0%19.0%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1DraftKings Earnings Notes  
2Is 23.4% Fall In DraftKings (DKNG) Stock A Buying Opportunity?Actionable 
3DraftKings Stock Lost 23%, Buy Or Wait?Return 
4Is 21.6% Fall In DraftKings (DKNG) Stock A Buying Opportunity?Actionable 
5Is The 24.5% Decline In DraftKings (DKNG) Stock A Dip Buying Opportunity?Actionable 
6Is The 21.9% Decline In DraftKings (DKNG) Stock A Dip Buying Opportunity?Actionable 
7Is The 21.9% Decline In DraftKings (DKNG) Stock A Dip Buying Opportunity?Actionable 
8Is The 21.9% Decline In DraftKings (DKNG) Stock A Dip Buying Opportunity?Actionable 
9DraftKings Stock vs Competition: Who Wins?Peer Comparison 
10DKNG Dip Buy Analysis  
11ARTICLES  
12DraftKings Stock To $24? October 21st, 2025
13DKNG Stock Down 25%, Is It Time To Buy The Dip? October 7th, 2025
14Should You Buy The Dip After DKNG Stock Plunged 22%? October 1st, 2025
15DKNG Fell 12% In A Day. What To Do Now? October 1st, 2025

Trade Ideas

Select past ideas related to DKNG. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ANF_9302025_Dip_Buyer_FCFYield09302025ANFAbercrombie & FitchDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-17.6%-17.6%-22.1%
DECK_9302025_Dip_Buyer_FCFYield09302025DECKDeckers OutdoorDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-14.2%-14.2%-14.2%
CHH_9302025_Dip_Buyer_ValueBuy09302025CHHChoice Hotels InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-9.0%-9.0%-9.0%
VAC_9302025_Dip_Buyer_ValueBuy09302025VACMarriott Vacations WorldwideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		5.9%5.9%-6.1%
FUN_9302025_Short_Squeeze09302025FUNSix Flags EntertainmentSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		13.2%13.2%-11.7%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ANF_9302025_Dip_Buyer_FCFYield09302025ANFAbercrombie & FitchDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-17.6%-17.6%-22.1%
DECK_9302025_Dip_Buyer_FCFYield09302025DECKDeckers OutdoorDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-14.2%-14.2%-14.2%
CHH_9302025_Dip_Buyer_ValueBuy09302025CHHChoice Hotels InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-9.0%-9.0%-9.0%
VAC_9302025_Dip_Buyer_ValueBuy09302025VACMarriott Vacations WorldwideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		5.9%5.9%-6.1%
FUN_9302025_Short_Squeeze09302025FUNSix Flags EntertainmentSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		13.2%13.2%-11.7%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1VICRVicor57.5%87.2%
2INBXInhibrx Biosciences53.8%272.0%
3CLBCore Laboratories48.7%-2.4%
4BALYBallys46.2%6.8%
5MOFGMidWestOne Financial43.2%39.2%
6NUVBNuvation Bio42.2%82.3%
7CLOVClover Health Investments41.0%21.3%
8CELCCelcuity36.6%442.2%
9WGOWinnebago Industries33.6%-12.7%
10GTXGarrett Motion33.3%91.3%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1PMIPicard Medical-45.4%8328.6%
2ITGRInteger-30.4%-45.0%
3METCRamaco Resources-23.8%244.9%
4WRLDWorld Acceptance-18.6%25.6%
5ASMAvino Silver & Gold Mines-18.2%450.5%
6SESSES AI-17.6%15.5%
7SMPLSimply Good Foods-17.5%-48.0%
8TNGXTango Therapeutics-17.0%142.6%
9OKLOOklo-16.7%540.8%
10LENZLENZ Therapeutics-16.4%10.7%

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1WOLFWolfspeed1498.4%344.0%
2PRAXPraxis Precision Medicines253.2%126.1%
3NVTSNavitas Semiconductor116.1%294.1%
4SNDKSanDisk97.4% 
5UAMYUnited States Antimony90.3%578.5%
6GRALGRAIL85.2%400.8%
7BALYBallys82.9%6.8%
8ORKAOruka Therapeutics81.1%40.5%
9INBXInhibrx Biosciences79.9%272.0%
10CIFRCipher Mining77.2%345.3%

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1VGVenture Global-35.7% 
2PMIPicard Medical-35.3%8328.6%
3SOCSable Offshore-33.7%-41.7%
4FWRDForward Air-28.9%-39.0%
5FLYFirefly Aerospace-28.5% 
6ITGRInteger-28.4%-45.0%
7USNAUsana Health Sciences-26.5%-42.0%
8HTZHertz Global-26.3%41.5%
9RCReady Capital-25.1%-50.3%
10ULHUniversal Logistics-24.8%-61.0%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1VICRVicor57.5%87.2%
2INBXInhibrx Biosciences53.8%272.0%
3CLBCore Laboratories48.7%-2.4%
4BALYBallys46.2%6.8%
5MOFGMidWestOne Financial43.2%39.2%
6NUVBNuvation Bio42.2%82.3%
7CLOVClover Health Investments41.0%21.3%
8CELCCelcuity36.6%442.2%
9WGOWinnebago Industries33.6%-12.7%
10GTXGarrett Motion33.3%91.3%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1PMIPicard Medical-45.4%8328.6%
2ITGRInteger-30.4%-45.0%
3METCRamaco Resources-23.8%244.9%
4WRLDWorld Acceptance-18.6%25.6%
5ASMAvino Silver & Gold Mines-18.2%450.5%
6SESSES AI-17.6%15.5%
7SMPLSimply Good Foods-17.5%-48.0%
8TNGXTango Therapeutics-17.0%142.6%
9OKLOOklo-16.7%540.8%
10LENZLENZ Therapeutics-16.4%10.7%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for DraftKings

Financials

DKNGSCIHRBBFAMMTNDVMedian
NameDraftKin.Service .H&R BlockBright H.Vail Res.DoubleVe. 
Mkt Price33.0081.6752.21100.89152.6512.1366.94
Mkt Cap16.411.67.05.85.62.06.4
Rev LTM5,4104,2473,7612,7902,9647143,363
Op Inc LTM-33396982828653885412
FCF LTM385604599243320150353
FCF 3Y Avg5496669203340116272
CFO LTM5141,005681332555179534
CFO 3Y Avg125881741292594145443

Growth & Margins

DKNGSCIHRBBFAMMTNDVMedian
NameDraftKin.Service .H&R BlockBright H.Vail Res.DoubleVe. 
Rev Chg LTM25.8%2.6%4.2%9.2%2.7%16.5%6.7%
Rev Chg 3Y Avg53.4%0.6%2.8%14.3%5.7%21.9%10.0%
Rev Chg Q36.9%3.0%4.6%9.2%2.2%21.3%6.9%
QoQ Delta Rev Chg LTM8.2%0.7%1.3%2.3%0.2%4.9%1.8%
Op Mgn LTM-6.2%22.8%22.0%10.2%18.1%11.9%15.0%
Op Mgn 3Y Avg-18.7%21.8%22.0%8.4%18.8%12.8%15.8%
QoQ Delta Op Mgn LTM4.2%-0.1%0.3%0.4%-0.4%-0.2%0.1%
CFO/Rev LTM9.5%23.7%18.1%11.9%18.7%25.1%18.4%
CFO/Rev 3Y Avg1.0%21.2%20.6%11.5%20.4%23.5%20.5%
FCF/Rev LTM7.1%14.2%15.9%8.7%10.8%21.0%12.5%
FCF/Rev 3Y Avg-1.9%11.9%18.6%8.0%11.7%18.6%11.8%

Valuation

DKNGSCIHRBBFAMMTNDVMedian
NameDraftKin.Service .H&R BlockBright H.Vail Res.DoubleVe. 
Mkt Cap16.411.67.05.85.62.06.4
P/S3.02.71.92.11.92.82.4
P/EBIT-56.212.18.120.29.721.210.9
P/E-53.821.711.532.719.937.420.8
P/CFO31.911.510.317.410.011.011.3
Total Yield-1.9%4.6%10.8%3.1%6.5%2.7%3.8%
Dividend Yield0.0%0.0%2.1%0.0%1.4%0.0%0.0%
FCF Yield 3Y Avg-0.4%4.7%10.8%3.2%4.8%3.7%4.2%
D/E0.10.40.30.30.60.10.3
Net D/E0.00.40.10.30.5-0.10.2

Returns

DKNGSCIHRBBFAMMTNDVMedian
NameDraftKin.Service .H&R BlockBright H.Vail Res.DoubleVe. 
1M Rtn-22.0%-0.5%4.5%-7.0%4.8%2.0%0.7%
3M Rtn-26.4%7.9%-5.7%-12.3%-3.5%-22.8%-9.0%
6M Rtn-2.3%5.0%-11.2%-16.4%12.0%-8.7%-5.5%
12M Rtn-9.5%10.0%-10.5%-22.3%-4.2%-30.1%-10.0%
3Y Rtn125.7%44.7%38.1%58.8%-18.1%-60.0%41.4%
1M Excs Rtn-25.9%-1.8%3.1%-8.8%2.7%-0.6%-1.2%
3M Excs Rtn-31.8%1.4%-11.6%-16.0%-8.7%-30.4%-13.8%
6M Excs Rtn-25.3%-17.9%-34.2%-39.3%-11.0%-31.6%-28.4%
12M Excs Rtn-28.5%-6.8%-27.6%-38.8%-21.6%-42.8%-28.0%
3Y Excs Rtn67.3%-40.0%-42.6%-10.9%-101.2%-140.8%-41.3%

Comparison Analyses

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

Financials

$ Mil | FY: 12/312025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q3
Period End6/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/20229/30/2022
Filing Date8/7/20255/9/20252/14/202511/8/20248/2/20245/3/20242/16/202411/3/20238/4/20235/5/20232/17/202311/4/2022
Key Financials Quarterly            
Total Revenue1,5131,4091,3931,0951,1041,1751,231790875770855502
Ebitda24736-79-20453-8918-231-27-347-183-401
Operating Income151-46-139-299-32-139-44-287-69-390-232-455
Net Income158-34-135-29464-143-45-283-77-397-243-450
EPS0.32-0.07-0.28-0.600.13-0.30-0.10-0.61-0.17-0.87-0.53-1.00
Key Financials TTM            
Total Revenue TTM5,4105,0024,7684,6064,3004,0713,6653,2903,0022,5932,2401,859
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 Growth36.9%19.9%13.2%38.7%26.2%52.7%43.9%57.4%87.7%84.5%80.7%135.9%
EBITDA Growth367.6%140.0%-527.7%11.6%292.9%74.2%110.0%42.4%89.3%19.7%36.8%22.4%
Operating Income Growth565.1%66.6%-217.7%-4.2%53.1%64.4%81.1%37.0%77.6%24.4%37.0%16.7%
Net Income Growth147.5%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 Margin16.3%2.5%-5.6%-18.6%4.8%-7.6%1.5%-29.2%-3.1%-45.1%-21.4%-79.8%
Operating Income Margin10.0%-3.3%-10.0%-27.3%-2.9%-11.8%-3.6%-36.3%-7.9%-50.6%-27.2%-90.7%
Net Income Margin10.4%-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 Cash1,2621,1207888788161,1931,2711,1121,1141,0881,3091,383
Total Debt1,9101,9191,3351,3431,3451,3451,3461,3421,3201,3221,3251,332
Net Debt / (Cash)6487995474655291527623120623516-50
Cash Flows Quarterly            
FCF from Operations174-11932513429-7072145-18-201-14852
Cash Flows TTM            
FCF from Operations TTM514369418165176129-2-222-315-470-626-649
Returns to Shareholders Quarterly            
Dividends000000000000
Share Repurchases128217732024332118142745
Return on Invested Capital (ROIC) Quarterly            
ROIC7.9%-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

$ Mil20242023202220212020
Sportsbook2,1061,033   
iGaming1,217822   
Other3423865321 
Gaming software  9776 
Online gaming  1,146518 
Business-to-consumer (B2C)    323
Total3,6652,2401,296615323


Price Behavior

DKNG Betas & Captures as of 9/30/2025

 1M2M3M6M1Y3Y
Beta-0.170.630.800.991.181.58
Up Beta1.501.751.051.221.181.48
Down Beta-2.641.451.880.881.301.60
Up Capture-247%-71%-10%66%95%617%
Bmk +ve Days13233574144420
Stock +ve Days5182964125389
Down Capture318%109%115%78%114%108%
Bmk -ve Days8192952107330
Stock -ve Days16243460123357

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

Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity35,026,177
Short Interest: % Change Since 930202512.1%
Average Daily Volume23,699,716
Days-to-Cover Short Interest1.48
Basic Shares Quantity496,517,000
Short % of Basic Shares7.1%

Returns Analyses

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/7/2025-0.4%-4.9%2.6%
5/9/20252.5%3.6%2.4%
2/14/202515.2%-1.9%-16.6%
11/8/20243.0%5.5%9.0%
8/1/2024-9.8%-13.9%-2.8%
5/2/2024-2.8%2.3%-17.5%
2/15/20240.2%-7.2%-2.1%
11/2/202316.5%20.1%28.3%
...
SUMMARY STATS   
# Positive975
# Negative579
Median Positive9.8%5.5%9.0%
Median Negative-8.9%-7.5%-5.3%
Max Positive16.5%20.1%28.3%
Max Negative-27.8%-21.3%-17.5%

SEC Filings

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Report DateFiling DateFiling
6302025807202510-Q 6/30/2025
3312025509202510-Q 3/31/2025
12312024214202510-K 12/31/2024
93020241108202410-Q 9/30/2024
6302024802202410-Q 6/30/2024
3312024503202410-Q 3/31/2024
12312023216202410-K 12/31/2023
93020231103202310-Q 9/30/2023
6302023804202310-Q 6/30/2023
3312023505202310-Q 3/31/2023
12312022217202310-K 12/31/2022
93020221104202210-Q 9/30/2022
6302022805202210-Q 6/30/2022
3312022506202210-Q 3/31/2022
12312021218202210-K 12/31/2021
93020211105202110-Q 9/30/2021

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0Moore Ryan R8252025Sell45.9175,0753,446,69378,827Form
1Ellingson Alan WayneChief Financial Officer8212025Sell44.9044,6932,006,7165,753,082Form
2Ellingson Alan WayneChief Financial Officer8152025Sell43.535,725249,2097,523,029Form
3Moore Jocelyn8142025Sell43.214,861210,04463,130Form
4Moore Jocelyn6032025Sell35.283,136110,638209,810Form

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