$25.11
-0.75%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.
Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.
Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.
Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.
DKNG โข NASDAQ
| DraftKings Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 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 |
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 | |
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 |
Continue your DKNG research with focused valuation guides.
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.