DKNG financial statements
The full income statement, balance sheet, and cash-flow statement for DraftKings Inc. (DKNG), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 6.05B+27.0% | 4.77B+30.1% | 3.67B+63.6% | 2.24B+72.9% | 1.30B+110.9% | |
| Cost of revenue | 3.56B+20.6% | 2.95B+28.7% | 2.29B+54.4% | 1.48B+86.9% | 794M+129.1% | |
| Selling, general & administrative | 674M-11.8% | 764M+26.0% | 607M-20.6% | 764M-7.8% | 828M+85.2% | |
| General & administrative | 674M-11.8% | 764M+26.0% | 607M-20.6% | 764M-7.8% | 828M+85.2% | |
| Selling & marketing | 1.38B+9.1% | 1.26B+5.3% | 1.20B+1.2% | 1.19B+20.8% | 982M+98.2% | |
| Amortization of intangibles | 256M+2.6% | 250M+38.1% | 181M+20.1% | 151M+40.4% | 107M+57.6% | |
| Operating income | -15.8M+97.4% | -609M+22.8% | -789M+47.8% | -1.51B+3.2% | -1.56B-85.2% | |
| Interest expense | — | 2.96M+10.5% | 2.68M+1.1% | 2.65M+25.7% | 2.11M | |
| Interest & investment income | — | 47.3M-19.1% | 58.4M+173.6% | 21.4M+425.2% | 4.07M | |
| Net interest income | — | — | — | 18.7M+855.6% | 1.96M+282.9% | |
| Other non-operating income | 38.0M+261.7% | -23.5M-10397.3% | -224K-101.1% | 20.7M+73.2% | 12.0M | |
| Equity-method income | 971K+307.5% | -468K+34.9% | -719K+75.2% | -2.90M-206.5% | 2.72M+580.2% | |
| Gain (loss) on equity securities | — | — | — | — | 6.10M | |
| Pre-tax income | 7.01M+101.2% | -593M+25.0% | -791M+45.2% | -1.44B+4.9% | -1.52B-23.2% | |
| Income tax | 4.27M+105.0% | -86.3M-949.0% | 10.2M+115.0% | -67.9M-920.7% | 8.27M+1429.4% | |
| Net income | 3.71M+100.7% | -507M+36.8% | -802M+41.8% | -1.38B+9.5% | -1.52B-23.7% | |
| -$0.01+99.0% | -$1.05+39.3% | -$1.73+45.3% | -$3.16+16.4% | -$3.78+6.2% | ||
| EPS (basic) | $0.01+101.0% | -$1.05+39.3% | -$1.73+45.3% | -$3.16+16.4% | -$3.78+6.2% | |
| Weighted-avg shares (basic) | 496M+2.8% | 482M+4.2% | 463M+6.0% | 437M+8.5% | 402M+31.7% | |
| Weighted-avg shares (diluted) | 496M+2.9% | 482M+4.2% | 463M+6.0% | 437M+8.5% | 402M+31.7% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.82B+18.3% | 1.53B-26.0% | 2.07B-0.6% | 2.08B-24.3% | 2.75B+25.5% | ||
| Cash & equivalents | 1.13B+43.0% | 788M-38.0% | 1.27B-3.0% | 1.31B-39.2% | 2.15B+18.5% | |
| Accounts receivable | 106M+82.7% | 57.8M+21.7% | 47.5M-7.0% | 51.1M+11.6% | 45.8M+2.9% | |
| Prepaid expenses | 105M-28.1% | 146M+47.9% | 98.6M+3.9% | 94.8M+269.4% | 25.7M+76.4% | |
| 4.53B+5.8% | 4.28B+8.6% | 3.94B-2.4% | 4.04B-0.7% | 4.07B+18.3% | ||
| Property, plant & equipment | 51.1M+1.1% | 50.5M-16.7% | 60.7M+1.0% | 60.1M+30.6% | 46.0M+12.7% | |
| Operating lease right-of-use | 49.8M-33.5% | 74.9M-20.3% | 94.0M+42.5% | 66.0M+3.3% | 63.8M-6.2% | |
| Goodwill | 1.60B+2.7% | 1.56B+75.4% | 886M+0.0% | 886M+44.0% | 616M+8.1% | |
| Intangible assets | 889M-4.7% | 933M+35.1% | 691M-11.1% | 777M+45.2% | 535M-3.8% | |
| 1.76B+6.1% | 1.65B+6.8% | 1.55B+24.3% | 1.25B+34.1% | 929M+67.6% | ||
| Accounts payable | 67.9M+26.5% | 53.7M+57.2% | 34.1M+236.3% | 10.1M-80.7% | 52.5M+87.1% | |
| Accrued liabilities | 785M+18.8% | 661M+3.4% | 640M+23.6% | 518M+33.5% | 388M+73.4% | |
| Deferred revenue | 175M+5.0% | 166M-4.4% | 174M+30.2% | 134M+46.2% | 91.6M+198.9% | |
| Current lease liability | 9.79M-10.9% | 11.0M-4.4% | 11.5M+170.4% | 4.25M-66.8% | 12.8M-0.2% | |
| Other current liabilities | 25.2M+664.7% | 3.30M-92.9% | 46.6M+21.3% | 38.4M | 0.00 | |
| 3.90B+19.1% | 3.27B+5.4% | 3.10B+14.2% | 2.72B+13.7% | 2.39B+195.9% | ||
| Non-current lease liability | 44.4M-34.4% | 67.7M-16.3% | 80.8M+16.6% | 69.3M+20.9% | 57.3M-16.6% | |
| Operating lease liability (total) | 54.2M-31.1% | 78.7M-12.3% | 89.6M+21.8% | 73.6M+4.9% | 70.2M-14.0% | |
| Deferred tax liabilities | 91.6M+20.0% | 76.4M+4.9% | 72.8M+4.2% | 69.9M-11.7% | 79.1M+9.8% | |
| Other non-current liabilities | 172M-12.0% | 196M+132.9% | 84.0M+19.9% | 70.0M+42.1% | 49.3M+4.2% | |
| 631M-37.5% | 1.01B+20.3% | 840M-36.5% | 1.32B-21.2% | 1.68B-36.2% | ||
| Additional paid-in capital | 8.42B+5.6% | 7.98B+11.6% | 7.15B+5.9% | 6.75B+18.4% | 5.70B+12.5% | |
| Retained earnings | -6.44B+0.1% | -6.44B-8.5% | -5.93B-15.6% | -5.13B-36.7% | -3.75B-68.3% | |
| Treasury stock | 1.39B+147.3% | 563M+36.6% | 412M+24.1% | 332M+8.3% | 307M+6.2% | |
| Accumulated other comprehensive income | 36.5M+0.0% | 36.5M+0.0% | 36.5M+0.0% | 36.5M+0.0% | 36.5M-56.3% | |
| Total liabilities & equity | 4.53B+5.8% | 4.28B+8.6% | 3.94B-2.4% | 4.04B-0.7% | 4.07B+18.3% | |
| Common shares outstanding | 888M+0.7% | 882M+1.9% | 866M+2.6% | 844M+5.3% | 801M+1.5% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 663M+58.7% | 418M+23958.8% | -1.75M+99.7% | -626M-49.1% | -420M-116.1% | ||
| Depreciation & amortization | 275M+1.7% | 271M+34.1% | 202M+19.3% | 169M+39.7% | 121M+56.5% | |
| Intangible amortization | 256M+2.6% | 250M+38.1% | 181M+20.1% | 151M+40.4% | 107M+57.6% | |
| Share-based compensation | 339M-11.0% | 381M-4.3% | 398M-31.2% | 579M-15.3% | 683M+110.2% | |
| Deferred income taxes | -18.2M+80.3% | -92.7M-1685.5% | 5.85M+108.0% | -73.4M-373.3% | -15.5M-580.5% | |
| Change in receivables | 57.7M+470.3% | 10.1M+384.3% | -3.56M-42.0% | -2.51M-240.2% | 1.79M-87.1% | |
| -166M+70.7% | -567M-527.0% | -90.4M+56.7% | -209M-7.0% | -195M+14.2% | ||
| Capital expenditure | 15.4M+50.9% | 10.2M-51.3% | 20.9M-35.5% | 32.4M+103.5% | 15.9M+35.5% | |
| Free cash flow | 648M+58.9% | 408M+1899.3% | -22.7M+96.6% | -658M-51.1% | -435M-111.5% | |
| Acquisitions | 16.4M-96.3% | 441M | 0.00-100.0% | 96.5M+48.5% | 65.0M-63.6% | |
| Other investing activities | 6.94M+63.0% | 4.26M+204.1% | 1.40M-83.7% | 8.61M+27.1% | 6.78M+158.1% | |
| -222M-54.0% | -144M-128.5% | -63.2M-277.8% | -16.7M-101.5% | 1.14B-50.6% | ||
| Long-term debt issued | 588M | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 4.50M | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock repurchased | 572M+1089.0% | 48.1M | 0.00 | 0.00-100.0% | 17.8M-93.8% | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | -2.60M+2.5% | -2.67M | 0.00 | 0.00-100.0% | 416K | |
| FX effect on cash | — | — | 0.00 | 0.00-100.0% | 583K+262.8% | |
| Net change in cash | 274M+193.6% | -293M-88.8% | -155M+81.7% | -851M-262.1% | 525M-72.1% | |
| Interest paid | 27.9M | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Income taxes paid | 8.24M+56.3% | 5.27M-36.8% | 8.34M-19.5% | 10.4M+84.1% | 5.63M+290.6% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 30.6B-6.7% | 32.8B+8.4% | 30.3B+215.8% | 9.59B-56.4% | 22.0B-40.1% | |
| P/E | 8248.7× | — | — | — | — | |
| P/S | 5.1×-26.6% | 6.9×-25.2% | 9.2×+78.4% | 5.2×-69.6% | 17.0×-71.6% | |
| P/B | 48.5×+49.3% | 32.5×-14.1% | 37.8×+465.5% | 6.7×-49.0% | 13.1×-6.2% | |
| P/FCF | 47.3×-41.3% | 80.5× | — | — | — | |
| Earnings yield | 0.01% | — | — | — | — | |
| FCF yield | 2.1%+70.3% | 1.2% | — | — | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
One company, more than one SEC registrant: these statements were filed by DraftKings Inc. until May 5, 2022 and by a successor registrant of the same name since.
About this data
Source: DKNG’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all DKNG filings on SEC EDGAR → Not investment advice.
