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DraftKings Inc.

DKNG Clue Score61
United States Fiscal year ends December CIK 0001883685
$19.58 -1.46% Close, 9 Oct 2026
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Price $19.58 −59.94% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 25 Jul 2019. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2020Revenue614.5Operating income−843.3Net income−1,231.8EPS, diluted−4.03Fiscal year 2021Revenue1,296.0 +110.9%Operating income−1,561.6Net income−1,523.2EPS, diluted−3.78Fiscal year 2022Revenue2,240.5 +72.9%Operating income−1,511.8Net income−1,378.0EPS, diluted−3.16Fiscal year 2023Revenue3,665.4 +63.6%Operating income−789.2Net income−802.1EPS, diluted−1.73Fiscal year 2024Revenue4,767.7 +30.1%Operating income−609.0Net income−507.3EPS, diluted−1.05Fiscal year 2025Revenue6,054.5 +27.0%Operating income−15.8Net income3.7EPS, diluted−0.01
FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 614.5 1,296.0 2,240.5 3,665.4 4,767.7 6,054.5
Growth +110.9% +72.9% +63.6% +30.1% +27.0%
Operating income −843.3 −1,561.6 −1,511.8 −789.2 −609.0 −15.8
Net income −1,231.8 −1,523.2 −1,378.0 −802.1 −507.3 3.7
Growth
EPS, diluted −4.03 −3.78 −3.16 −1.73 −1.05 −0.01
Growth

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2020Operating margin−137.2%Net margin−200.5%Free cash flow margin−33.5%Fiscal year 2021Operating margin−120.5%Net margin−117.5%Free cash flow margin−33.6%Fiscal year 2022Operating margin−67.5%Net margin−61.5%Free cash flow margin−29.4%Fiscal year 2023Operating margin−21.5%Net margin−21.9%Free cash flow margin−0.6%Fiscal year 2024Operating margin−12.8%Net margin−10.6%Free cash flow margin8.5%Fiscal year 2025Operating margin−0.3%Net margin0.1%Free cash flow margin10.7%
FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin −137.2% −120.5% −67.5% −21.5% −12.8% −0.3%
Net margin −200.5% −117.5% −61.5% −21.9% −10.6% 0.1%
Free cash flow margin −33.5% −33.6% −29.4% −0.6% 8.5% 10.7%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2020Operating cash flow−194.2Capital expenditure−11.8Free cash flow−205.9Buybacks−288.8Fiscal year 2021Operating cash flow−419.5Capital expenditure−15.9Free cash flow−435.4Buybacks−17.8Fiscal year 2022Operating cash flow−625.5Capital expenditure−32.4Free cash flow−657.9Buybacks0.0Fiscal year 2023Operating cash flow−1.8Capital expenditure−20.9Free cash flow−22.7Buybacks0.0Fiscal year 2024Operating cash flow417.8Capital expenditure−10.2Free cash flow407.6Buybacks−48.1Fiscal year 2025Operating cash flow662.9Capital expenditure−15.4Free cash flow647.5 +58.9%Buybacks−571.5
FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −194.2 −419.5 −625.5 −1.8 417.8 662.9
Capital expenditure −11.8 −15.9 −32.4 −20.9 −10.2 −15.4
Free cash flow −205.9 −435.4 −657.9 −22.7 407.6 647.5
Growth +58.9%
Buybacks −288.8 −17.8 0.0 0.0 −48.1 −571.5

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2020Cash1,817.3Shareholders’ equity2,631.3Fiscal year 2021Cash2,152.9Shareholders’ equity1,678.5Fiscal year 2022Cash1,309.2Shareholders’ equity1,322.7Fiscal year 2023Cash1,270.5Shareholders’ equity840.3Fiscal year 2024Cash788.3Shareholders’ equity1,010.6Fiscal year 2025Cash1,127.5Shareholders’ equity631.5
FY2020FY2021FY2022FY2023FY2024FY2025
Cash 1,817.3 2,152.9 1,309.2 1,270.5 788.3 1,127.5
Shareholders’ equity 2,631.3 1,678.5 1,322.7 840.3 1,010.6 631.5

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
−137.2% −120.5% −67.5% −21.5% −12.8% −0.3%
−200.5% −117.1% −64.4% −21.6% −12.4% 0.1%
−200.5% −117.5% −61.5% −21.9% −10.6% 0.1%
−33.5% −33.6% −29.4% −0.6% 8.5% 10.7%
Spending
72.8% 63.9% 34.1% 16.5% 16.0% 11.1%
1.9% 1.2% 1.4% 0.6% 0.2% 0.3%
n/a n/a n/a n/a n/a 60.9%
Returns
−46.8% −90.7% −104.2% −95.5% −50.2% 0.6%
n/a −37.4% −34.1% −20.3% −11.8% 0.1%
Balance and payout
n/a 58.7% 67.3% 78.7% 76.4% 86.1%
n/a n/a n/a n/a 11.8% 88.3%