DraftKings Inc.

DraftKings Inc.

DKNGยทNASDAQ

$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.

At a Glance

Live Snapshot
Market Cap$12.46B
EPS0.0075
P/E Ratio3348.00
Earnings Date08/05/2026
3Y-206.0%
5Y-296.0%
10Y-850.0%
3Y-20.0%
5Y-27.0%
10Y+2052.0%
3Y+1230.0%
5Y-110.0%
10Y-288.0%
DKNG

DraftKings Inc. Cash Conversion Engine

DKNG ยท NASDAQ
Net Income3.71M
Depreciation & Amortization275.49M
Stock-Based Compensation339.31M
Change in Working Capital97.35M
Others-34.78M
Capital Expenditures-15.35M
Free Cash Flow647.50M

Cash Flow Quality Analysis

FCF Conversion Rate

17452.9%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

2.3%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+58.9%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$97.35M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

DraftKings Inc. Cash Flow Statement

DKNG โ€ข NASDAQ

DraftKings Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017
OPERATING ACTIVITIES
3.7M
-507.3M
-802.1M
-1.4B
-1.5B
-844.3M
-142.7M
-76.2M
-75.6M
275.5M
270.9M
201.9M
169.3M
121.1M
77.4M
13.6M
7.5M
6.3M
-18.2M
-92.7M
5.8M
-73.4M
-15.5M
-2.3M
54K
19K
145K
339.3M
381.4M
398.5M
578.8M
683.3M
325M
17.6M
7.2M
4.5M
-34.8M
30.5M
59.3M
-43.9M
-42M
3.7M
614K
2M
4.3M
(0.0)
(5.3M)
(8.3M)
(10.4M)
(5.6M)
(1.4M)
(0.0)
(0.0)
(0.0)
97.3M
335.1M
134.9M
121.7M
356.8M
102.5M
64.2M
13.9M
-28.1M
662.9M
417.8M
-1.8M
-625.5M
-419.5M
-337.9M
-46.6M
-45.6M
-88.4M
INVESTING ACTIVITIES
-15.4M
-10.2M
-20.9M
-103.6M
-98.3M
-47.7M
-16.7M
-26.7M
-7.7M
-16.4M
-441.5M
(0.0)
-96.5M
-65M
-179.6M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-25M
-1M
(0.0)
(0.0)
(0.0)
0.0
0.0
0.0
0.0
-82.4M
3.6M
0.0
0.0
0.0
-134.3M
-114.9M
-69.5M
-8.6M
75.6M
-2.6M
-25.6M
-13M
-7.1M
-166M
-566.6M
-90.4M
-208.8M
-195M
-227.3M
-42.3M
-26.7M
-7.7M
FINANCING ACTIVITIES
-803.5M
-151M
-80M
-25.5M
-17.8M
2.1B
439K
0.0
0.0
583.6M
0.0
0.0
0.0
1.2B
34.3M
71.1M
0.0
0.0
-829.3M
-151M
-80M
-25.5M
-17.8M
-288.8M
-722K
(0.0)
(0.0)
-2.6M
6.5M
16.8M
8.8M
-91.4M
2.6B
1.1M
-698K
-92K
-222.5M
-144.5M
-63.2M
-16.7M
1.1B
2.3B
79.8M
140.9M
118.5M
CASH FLOW SUMMARY
56M
0.0
0.0
0.0
583K
-358K
0.0
0.0
0.0
330.4M
-293.3M
-155.3M
-851M
524.9M
1.7B
-9.1M
68.6M
22.4M
804.8M
1.6B
1.8B
2.6B
2.1B
76.5M
229.6M
49.3M
26.9M
1.1B
1.3B
1.6B
1.8B
2.6B
1.8B
220.5M
117.9M
49.3M
647.5M
407.6M
-115.1M
-729.2M
-517.8M
-385.6M
-88.8M
-72.3M
-96.2M

SEC Filings

DKNG - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 29, 2026
May 29, 2026
2026
8-K

8-K 2026

N/A

May 15, 2026
May 12, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 08, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 08, 2026
May 08, 2026
2026
DEF 14A

DEF 14A 2026

N/A

March 26, 2026
May 12, 2026
2026
10-K

10-K 2025 FY

FY

February 13, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 13, 2026
February 13, 2026
2026
10-Q

10-Q 2025 Q3

Q3

November 07, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

November 07, 2025
November 07, 2025
2025
8-K

8-K 2025

N/A

October 28, 2025
October 24, 2025
2025
Showing 1 to 10 of 58 filings