DKNG - NASDAQ

DraftKings Inc.

DKNG·NASDAQ

$25.11

-0.75%

Consumer CyclicalGambling, Resorts & Casinos

DraftKings Inc. operates a digital sports entertainment and gaming company. It offers multi-channel sports betting and gaming technologies, powering sports and gaming entertainment for operators in 17 countries. The company operates iGaming through its DraftKings brand in 5 states, as well as operates Golden Nugget Online Gaming, an iGaming product and gaming brand in 3 states. Its Sportsbook is live with mobile and/or retail betting operations in the United States pursuant to regulations in 18 states. The company's daily fantasy sports product is available in 6 countries internationally with 15 distinct sports categories. In addition, it offers DraftKings Marketplace, a digital collectibles ecosystem designed for mainstream accessibility that offers curated NFT drops and supports secondary-market transactions, as well as owns Vegas Sports Information Network (VSiN), a multi-platform broadcast and content company. DraftKings Inc. was founded in 2011 and is headquartered in Boston, Massachusetts.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$12.46B

EPS0.0075

P/E Ratio3348.00

Earnings Date08/05/2026

4.53B

Assets

3Y+12.0%

5Y+32.0%

10Y+2375.0%

3.90B

Total Liabilities

19%

3Y+43.0%

5Y+383.0%

10Y+2038.0%

631.46M

Total Equity

-38%

3Y-52.0%

5Y-76.0%

10Y+97953.0%

DraftKings Inc. Funding & Solvency Profile

DKNG · NASDAQ

Current Assets

Cash & Cash Equivalents1.60B

Net Receivables105.58M

Inventory0.00

Other Current Assets104.84M

Total Current Assets2 B

Non-Current Assets

Property, Plant & Equipment100.89M

Goodwill & Intangible Assets2.49B

Long-Term Investments18.94M

Other Non-Current Assets109.10M

Total Non-Current Assets229 M

Total Assets

4.53B

Financial Health Analysis

Current Ratio

1.03x

Acceptable liquidity, but monitor closely. Current assets just barely cover current liabilities.

Debt-to-Equity Ratio

6.18x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

60 M

Positive working capital, but relatively tight. The company should monitor cash flow carefully.

Asset Composition

40% Current

Balanced asset mix between current and non-current assets, typical of many stable businesses.

DraftKings Inc. Balance Sheet

DKNG • NASDAQ

DraftKings Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	1.6B	788.3M	1.3B	1.3B	2.2B	1.8B	76.5M	117.9M	49.3M
Cash & Short-Term Investments	1.6B	788.3M	1.3B	1.3B	2.2B	1.8B	76.5M	117.9M	49.3M
Net Receivables	105.6M	120.4M	349.3M	211.2M	97.8M	74.8M	29.8M	21.3M	0.0
Accounts Receivables	105.6M	120.4M	349.3M	211.2M	97.8M	74.8M	29.8M	21.3M	0.0
Prepaids	0.0	0.0	0.0	0.0	25.7M	14.6M	10.8M	11.2M	9M
Other Current Assets	104.8M	625.1M	451.6M	564.5M	477M	287.7M	144M	111.7M	106.3M
Total Current Assets	1.8B	1.5B	2.1B	2.1B	2.8B	2.2B	261.1M	262.2M	164.6M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	100.9M	125.5M	154.7M	126.1M	109.9M	108.9M	25.9M	14.1M	1.6M
Goodwill	1.6B	1.6B	886.4M	886.4M	615.7M	569.6M	4.7M	4.7M	4.4M
Intangible Assets	889.2M	933.1M	690.6M	776.9M	535M	555.9M	33.9M	16.9M	10.2M
Goodwill & Intangible Assets	2.5B	2.5B	1.6B	1.7B	1.2B	1.1B	38.7M	21.6M	14.6M
Long-Term Investments	18.9M	13.2M	10.3M	10.1M	9.8M	3M	2.5M	0.0	0.0
Other Non-Current Assets	109.1M	123.1M	131.5M	155.9M	45.4M	7.6M	2.4M	1.5M	2.2M
Total Non-Current Assets	2.7B	2.7B	1.9B	2B	1.3B	1.2B	69.6M	37.2M	18.4M
Total Assets	4.5B	4.3B	3.9B	4B	4.1B	3.4B	330.7M	299.4M	183M
LIABILITIES
CURRENT LIABILITIES
Total Payables	785.4M	184.1M	150.6M	81M	103.4M	47.6M	22.4M	14.4M	13.1M
Accounts Payable	785.4M	53.7M	34.1M	10.1M	52.5M	28.1M	16.6M	11.6M	13.1M
Other Payables	0.0	130.4M	116.5M	70.9M	50.8M	19.5M	5.7M	2.7M	0.0
Accrued Expenses	0.0	343.6M	350.5M	317.2M	219M	127.6M	45.2M	41.8M	35.1M
Short Term Debt	9.8M	0.0	0.0	0.0	0.0	0.0	6.8M	3.8M	2.5M
Capital Lease Obligations (Current)	0.0	11M	11.5M	4.3M	12.8M	12.8M	0.0	0.0	0.0
Tax Payables	91.6M	130.4M	116.5M	70.9M	50.8M	19.5M	5.7M	2.7M	0.0
Deferred Revenue	0.0	46.4M	43.6M	40.5M	1.6M	0.0	0.0	0.0	0.0
Other Current Liabilities	960.2M	1.1B	993.4M	803.4M	592.7M	366.4M	180.8M	136M	110.8M
Total Current Liabilities	1.8B	1.7B	1.5B	1.2B	929.4M	554.4M	255.1M	195.9M	161.5M
NON-CURRENT LIABILITIES
Long Term Debt	1.9B	1.3B	1.3B	1.3B	1.2B	0.0	68.4M	0.0	2.5M
Other Non-Current Liabilities	219.4M	294M	220.4M	150.6M	155.3M	184.8M	56.9M	288.7M	18.4M
Total Non-Current Liabilities	2.1B	1.6B	1.6B	1.5B	1.5B	253.6M	125.2M	288.7M	20.9M
Capital Lease Obligations	44.4M	78.7M	92.3M	73.6M	70.2M	81.6M	0.0	0.0	0.0
Total Liabilities	3.9B	3.3B	3.1B	2.7B	2.4B	808M	380.3M	484.6M	182.4M
SHAREHOLDERS' EQUITY
Treasury Stock	-1.4B	-563.1M	-412.2M	-332.1M	-306.6M	-288.8M	0.0	0.0	0.0
Preferred Stock	0.0	0.0	0.0	0.0	0.0	0.0	0.0	261.3M	119M
Common Stock	91K	87K	85K	84K	80K	79K	18K	384K	380K
Additional Paid-In Capital	8.4B	8B	7.1B	6.8B	5.7B	5.1B	949.2M	670.4M	661.1M
Retained Earnings	-6.4B	-6.4B	-5.9B	-5.1B	-3.8B	-2.2B	-998.8M	-856.1M	-779.8M
Accumulated Other Comprehensive Income/Loss	36.5M	36.5M	36.5M	36.5M	36.5M	83.5M	0.0	0.0	0.0
Total Stockholders' Equity	631.5M	1B	840.3M	1.3B	1.7B	2.6B	-49.6M	-185.2M	644K
Total Equity	631.5M	1B	840.3M	1.3B	1.7B	2.6B	-49.6M	-185.2M	644K
SUMMARY
Total Liabilities & Equity	4.5B	4.3B	3.9B	4B	4.1B	3.4B	330.7M	299.4M	183M
Total Investments	18.9M	13.2M	10.3M	10.1M	9.8M	3M	2.5M	0.0	0.0
Total Debt	1.9B	1.3B	1.3B	1.3B	1.3B	81.6M	75.1M	3.8M	5M
Net Debt	329.6M	546.8M	75.6M	15.5M	-834.3M	-1.7B	-1.4M	-114.2M	-44.3M
Shares Outstanding	497,680,285	497,680,285	497,680,285	497,680,285	497,680,285	497,680,285	497,680,285	497,680,285	497,680,285

SEC Filings

DKNG - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 29, 2026	May 29, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 15, 2026	May 12, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 08, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 08, 2026	May 08, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	March 26, 2026	May 12, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 13, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 13, 2026	February 13, 2026	2026	View Filing
10-Q 10-Q 2025 Q3 Q3	November 07, 2025	September 30, 2025	2025	View Filing
8-K 8-K 2025 N/A	November 07, 2025	November 07, 2025	2025	View Filing
8-K 8-K 2025 N/A	October 28, 2025	October 24, 2025	2025	View Filing

Showing 1 to 10 of 58 filings

Related Guides

Blog Categories

Continue your DKNG research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

Snapshot

Start with context, operating signals, and key market metrics.

Value Model

Stress test fair value across bear, base, and bull assumptions.

Statements

Validate revenue quality, margins, and balance sheet durability.

Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

Check payout sustainability and long-term distribution behavior.

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.