DraftKings Inc

DKNG · NASDAQ · Consumer Cyclical / Gambling

18.89USD-0.23 (-1.20%)

Price History

Full chart

Market Stats

Previous Close19.12

Open19.31

Day Range18.53 – 19.40

52-Week Range16.55 – 36.98

Volume12.02M

Market Cap11.68B

P/E (TTM)0.00

Forward P/E12.97

EPS-0.35

Dividend Yield0.00%

Beta1.61

50-Day Avg21.65

200-Day Avg24.08

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.

Company Details

SectorConsumer Cyclical
IndustryGambling
CEOMr. Jason D. Robins
Employees5.50K
Headquarters222 Berkeley Street, Boston, MA, United States, 02116, USA
Websitehttps://www.draftkings.com

Leadership

Mr. Jason D. RobinsCo-Founder, Chairman & CEO · b. 1981
Mr. Paul LibermanCo-Founder, President of Operations and Director · b. 1984
Mr. Matthew KalishCo-Founder & Director · b. 1982
Mr. Alan EllingsonCFO, Principal Financial Officer & Principal Accounting Officer · b. 1980
Mr. R. Stanton Dodge Esq.Chief Legal Officer & Secretary · b. 1968
Mr. Erik BradburyChief Accounting Officer · b. 1978
Zach MayburyChief Technology Officer
Michael DeLalioSenior Director of Investor Relations
Ms. Jennifer AguiarChief Compliance Officer
Ms. Stephanie Agrimanakis ShermanChief Marketing Officer

Financials

Income Statement

Currency: USD	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	191.84M	226.28M	323.41M	614.53M	1.30B	2.24B	3.67B	4.77B	6.05B
Growth (%)	-	+17.95%	+42.93%	+90.02%	+110.90%	+72.87%	+63.60%	+30.07%	+26.99%
Cost of Revenue	31.75M	48.69M	103.89M	346.59M	794.16M	1.48B	2.29B	2.95B	3.56B
Gross Profit	160.09M	177.59M	219.52M	267.94M	501.86M	756.19M	1.37B	1.82B	2.50B
Gross Margin	83.45%	78.48%	67.88%	43.60%	38.72%	33.75%	37.46%	38.11%	41.25%
Operating Expense	233.29M	254.37M	366.07M	1.11B	2.06B	2.27B	2.16B	2.43B	2.51B
Operating Income	-73.20M	-76.78M	-146.54M	-843.26M	-1.56B	-1.51B	-789.23M	-609.00M	-15.82M
Operating Margin	-38.15%	-33.93%	-45.31%	-137.22%	-120.49%	-67.48%	-21.53%	-12.77%	-0.26%
EBITDA	-66.90M	-69.28M	-132.91M	-765.85M	-1.39B	-1.27B	-586.65M	-319.35M	303.41M
EBITDA Margin	-34.87%	-30.62%	-41.10%	-124.62%	-107.59%	-56.73%	-16.01%	-6.70%	5.01%
Net Income	-75.56M	-76.22M	-142.73M	-1.23B	-1.52B	-1.38B	-802.14M	-507.29M	3.71M
Net Income Margin	-39.38%	-33.68%	-44.13%	-200.45%	-117.53%	-61.50%	-21.88%	-10.64%	0.06%
R&D	20.21M	32.88M	55.93M	168.63M	253.66M	318.25M	355.16M	397.11M	459.91M
R&D as % of Total Revenue	10.54%	14.53%	17.29%	27.44%	19.57%	14.20%	9.69%	8.33%	7.60%
Interest Expense	1.54M	0	3.87M	1.07M	2.11M	2.65M	2.68M	2.96M	19.94M
Interest Expense % of Total Revenue	0.80%	0.00%	1.20%	0.17%	0.16%	0.12%	0.07%	0.06%	0.33%

Balance Sheet

Currency: USD	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	183.03M	299.39M	330.73M	3.44B	4.07B	4.04B	3.94B	4.28B	4.53B
Total Liabilities	182.39M	484.62M	380.31M	807.98M	2.39B	2.72B	3.10B	3.27B	3.90B
Total Equity	644.00K	-185.23M	-49.58M	2.63B	1.68B	1.32B	840.31M	1.01B	631.46M
Cash	49.27M	117.91M	76.53M	1.82B	2.15B	1.31B	1.27B	788.29M	1.60B
Total Debt	5.00M	3.75M	75.11M	81.61M	1.32B	1.32B	1.35B	1.34B	1.93B
Net Debt	-44.27M	-114.16M	-1.42M	-1.74B	-834.28M	15.52M	75.58M	546.79M	329.62M

Cash Flow

Currency: USD	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	-88.44M	-45.58M	-46.58M	-337.88M	-419.51M	-625.52M	-1.75M	417.77M	662.86M
Investing Cash Flow	-7.71M	-26.67M	-42.27M	-227.34M	-195.02M	-208.77M	-90.36M	-566.60M	-166.00M
Financing Cash Flow	118.53M	140.89M	79.78M	2.31B	1.14B	-16.73M	-63.22M	-144.47M	-222.46M
Capital Expenditure	7.71M	26.67M	42.27M	47.70M	98.28M	103.64M	113.39M	10.18M	15.35M
Free Cash Flow	-96.15M	-72.25M	-88.85M	-385.57M	-517.78M	-729.16M	-115.14M	407.59M	647.50M
Dividends Paid	-	-	71.09M	308.45M	1.28B	-	63.22M	-	-
FCF to OCF	108.72%	158.52%	190.75%	114.12%	123.43%	116.57%	6575.44%	97.56%	97.68%
Dividend Paid to FCF	-	-	-80.01%	-80.00%	-247.25%	-	-54.91%	-	-

Earnings

Report Date	May 14, 2019	Aug 12, 2019	Nov 13, 2019	Mar 12, 2020	May 15, 2020	Aug 14, 2020	Nov 13, 2020	Feb 26, 2021	May 7, 2021	Aug 6, 2021	Nov 5, 2021	Feb 18, 2022	May 6, 2022	Aug 5, 2022	Nov 4, 2022	Feb 16, 2023	May 4, 2023	Aug 3, 2023	Nov 2, 2023	Feb 15, 2024	May 2, 2024	Aug 1, 2024	Nov 7, 2024	Feb 13, 2025	May 8, 2025	Aug 6, 2025	Nov 6, 2025	Feb 12, 2026	May 7, 2026	Aug 6, 2026	Nov 5, 2026
EPS Estimate	0.00	0.00	-	-0.23	-0.11	-0.15	-0.62	-0.47	-0.43	-0.54	-0.91	-0.63	-1.03	-0.68	-0.92	-0.49	-0.76	-0.13	-0.59	0.08	-0.14	0.23	-0.24	-0.18	0.12	0.41	-0.26	0.41	0.17	0.08	-0.34
EPS Actual	0.00	0.02	0.03	-0.05	-0.16	-0.53	-0.98	-0.68	-0.79	-0.76	-1.35	-0.79	-1.24	-0.49	-0.97	-0.50	-0.51	0.14	-0.35	-0.10	0.03	0.22	-0.17	0.14	0.12	0.38	-0.26	0.36	0.20	-0.08	-0.70
Surprise	-	-	-	78.26%	-45.45%	-253.33%	-58.06%	-44.68%	-83.72%	-40.74%	-48.35%	-25.40%	-20.39%	27.94%	-5.43%	-2.04%	32.89%	207.69%	40.68%	-225.00%	121.43%	-4.35%	29.17%	177.78%	0.00%	-7.32%	0.00%	-12.20%	17.65%	-200.00%	-105.88%
Timing	After-hours	After-hours	After-hours	After-hours	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours

Key Statistics & Ratios

Market Cap11.68B

Enterprise Value11.82B

Trailing P/E0.00

Forward P/E12.97

PEG Ratio0.06

Price / Sales1.88

Price / Book19.12

EPS-0.35

Book Value1.15

Revenue (TTM)6.22B

Gross Profit (TTM)4.74B

EBITDA122.83M

Profit Margin-2.68%

Operating Margin-4.72%

Return on Equity-21.14%

Return on Assets-2.42%

Shares Outstanding496.45M

Shares Float424.19M

Beta1.61

Dividend Yield0.00%

Dividend Rate0.00

Payout Ratio0.00%

Analyst Ratings

Strong Buy

Based on 36 analystsTarget 33.17

Strong Buy
25
Buy
5
Hold
5
Sell
1

Ownership Breakdown

Institutions: 83.35%
Insiders: 8.62%
Retail / Other: 8.03%

Top Institutional Holders

CIBC Bancorp USA Inc.
37.32M7.52%
AQR Capital Management LLC
29.67M5.98%
Jupiter Topco LLC
25.27M5.09%
Capital World Investors
24.80M5.00%
BlackRock Inc
22.96M4.62%
Vanguard Capital Management, LLC
21.57M4.35%
Vanguard Portfolio Management, LLC
19.19M3.87%
NORGES BANK
11.85M2.39%
SPRUCE HOUSE INVESTMENT MANAGEMENT LLC
9.65M1.94%
Geode Capital Management, LLC
9.52M1.92%
PointState Capital LP
8.99M1.81%
State Street Corp
8.36M1.68%
Massachusetts Financial Services Company
7.41M1.49%
Baillie Gifford & Co Limited.
7.18M1.45%
Morgan Stanley - Brokerage Accounts
6.17M1.24%

Top Fund Holders

American Funds Growth Fd of Amer A
18.69M3.76%
Vanguard MStar Total Stk Mkt Idx Invest
14.20M2.86%
Janus Henderson Forty S
14.17M2.85%
Vanguard Small Cap Index
10.05M2.02%
Vanguard MStar Small Cap Growth Indx Inv
5.60M1.13%