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)

2024-06 878.4M2024-09 880.2M2024-12 882.1M2025-03 889.4M2025-06 889.1M2025-09 889.5M2025-12 888.1M2026-03 510.6M2026-06 496.1M-43.5% over 8 periods

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.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	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 YoY+27.0%	4.77B YoY+30.1%	3.67B YoY+63.6%	2.24B YoY+72.9%	1.30B YoY+110.9%
Cost of revenue	3.56B YoY+20.6%	2.95B YoY+28.7%	2.29B YoY+54.4%	1.48B YoY+86.9%	794M YoY+129.1%
Selling, general & administrative	674M YoY-11.8%	764M YoY+26.0%	607M YoY-20.6%	764M YoY-7.8%	828M YoY+85.2%
General & administrative	674M YoY-11.8%	764M YoY+26.0%	607M YoY-20.6%	764M YoY-7.8%	828M YoY+85.2%
Selling & marketing	1.38B YoY+9.1%	1.26B YoY+5.3%	1.20B YoY+1.2%	1.19B YoY+20.8%	982M YoY+98.2%
Amortization of intangibles	256M YoY+2.6%	250M YoY+38.1%	181M YoY+20.1%	151M YoY+40.4%	107M YoY+57.6%
Operating income	-15.8M YoY+97.4%	-609M YoY+22.8%	-789M YoY+47.8%	-1.51B YoY+3.2%	-1.56B YoY-85.2%
Interest expense	—	2.96M YoY+10.5%	2.68M YoY+1.1%	2.65M YoY+25.7%	2.11M
Interest & investment income	—	47.3M YoY-19.1%	58.4M YoY+173.6%	21.4M YoY+425.2%	4.07M
Net interest income	—	—	—	18.7M YoY+855.6%	1.96M YoY+282.9%
Other non-operating income	38.0M YoY+261.7%	-23.5M YoY-10397.3%	-224K YoY-101.1%	20.7M YoY+73.2%	12.0M
Equity-method income	971K YoY+307.5%	-468K YoY+34.9%	-719K YoY+75.2%	-2.90M YoY-206.5%	2.72M YoY+580.2%
Pre-tax income	7.01M YoY+101.2%	-593M YoY+25.0%	-791M YoY+45.2%	-1.44B YoY+4.9%	-1.52B YoY-23.2%
Income tax	4.27M YoY+105.0%	-86.3M YoY-949.0%	10.2M YoY+115.0%	-67.9M YoY-920.7%	8.27M YoY+1429.4%
Net income	3.71M YoY+100.7%	-507M YoY+36.8%	-802M YoY+41.8%	-1.38B YoY+9.5%	-1.52B YoY-23.7%
	-$0.01 YoY+99.0%	-$1.05 YoY+39.3%	-$1.73 YoY+45.3%	-$3.16 YoY+16.4%	-$3.78 YoY+6.2%
EPS (basic)	$0.01 YoY+101.0%	-$1.05 YoY+39.3%	-$1.73 YoY+45.3%	-$3.16 YoY+16.4%	-$3.78 YoY+6.2%
	496M YoY+2.8%	482M YoY+4.2%	463M YoY+6.0%	437M YoY+8.5%	402M YoY+31.7%
	496M YoY+2.9%	482M YoY+4.2%	463M YoY+6.0%	437M YoY+8.5%	402M YoY+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 YoY+18.3%	1.53B YoY-26.0%	2.07B YoY-0.6%	2.08B YoY-24.3%	2.75B
Cash & equivalents	1.13B YoY+43.0%	788M YoY-38.0%	1.27B YoY-3.0%	1.31B YoY-39.2%	2.15B YoY+18.5%
Accounts receivable	106M YoY+82.7%	57.8M YoY+21.7%	47.5M YoY-7.0%	51.1M YoY+11.6%	45.8M YoY+2.9%
Prepaid expenses	105M YoY-28.1%	146M YoY+47.9%	98.6M YoY+3.9%	94.8M YoY+269.4%	25.7M
	4.53B YoY+5.8%	4.28B YoY+8.6%	3.94B YoY-2.4%	4.04B YoY-0.7%	4.07B
Property, plant & equipment	51.1M YoY+1.1%	50.5M YoY-16.7%	60.7M YoY+1.0%	60.1M YoY+30.6%	46.0M
Operating lease right-of-use	49.8M YoY-33.5%	74.9M YoY-20.3%	94.0M YoY+42.5%	66.0M YoY+3.3%	63.8M
Goodwill	1.60B YoY+2.7%	1.56B YoY+75.4%	886M YoY+0.0%	886M YoY+44.0%	616M
Intangible assets	889M YoY-4.7%	933M YoY+35.1%	691M YoY-11.1%	777M YoY+45.2%	535M
	1.76B YoY+6.1%	1.65B YoY+6.8%	1.55B YoY+24.3%	1.25B YoY+34.1%	929M
Accounts payable	67.9M YoY+26.5%	53.7M YoY+57.2%	34.1M YoY+236.3%	10.1M YoY-80.7%	52.5M
Accrued liabilities	785M YoY+18.8%	661M YoY+3.4%	640M YoY+23.6%	518M YoY+33.5%	388M
Deferred revenue	175M YoY+5.0%	166M YoY-4.4%	174M YoY+30.2%	134M YoY+46.2%	91.6M YoY+198.9%
Current lease liability	9.79M YoY-10.9%	11.0M YoY-4.4%	11.5M YoY+170.4%	4.25M YoY-66.8%	12.8M
Other current liabilities	25.2M YoY+664.7%	3.30M YoY-92.9%	46.6M YoY+21.3%	38.4M	0.00
	3.90B YoY+19.1%	3.27B YoY+5.4%	3.10B YoY+14.2%	2.72B YoY+13.7%	2.39B
Non-current lease liability	44.4M YoY-34.4%	67.7M YoY-16.3%	80.8M YoY+16.6%	69.3M YoY+20.9%	57.3M
Operating lease liability (total)	54.2M YoY-31.1%	78.7M YoY-12.3%	89.6M YoY+21.8%	73.6M	—
Deferred tax liabilities	91.6M YoY+20.0%	76.4M YoY+4.9%	72.8M YoY+4.2%	69.9M YoY-11.7%	79.1M
Other non-current liabilities	172M YoY-12.0%	196M YoY+132.9%	84.0M YoY+19.9%	70.0M YoY+42.1%	49.3M
	631M YoY-37.5%	1.01B YoY+20.3%	840M YoY-36.5%	1.32B YoY-21.2%	1.68B YoY-36.2%
Additional paid-in capital	8.42B YoY+5.6%	7.98B YoY+11.6%	7.15B YoY+5.9%	6.75B YoY+18.4%	5.70B
Retained earnings	-6.44B YoY+0.1%	-6.44B YoY-8.5%	-5.93B YoY-15.6%	-5.13B YoY-36.7%	-3.75B
Treasury stock	1.39B YoY+147.3%	563M YoY+36.6%	412M YoY+24.1%	332M YoY+8.3%	307M
Accumulated other comprehensive income	36.5M YoY+0.0%	36.5M YoY+0.0%	36.5M YoY+0.0%	36.5M YoY+0.0%	36.5M
Total liabilities & equity	4.53B YoY+5.8%	4.28B YoY+8.6%	3.94B YoY-2.4%	4.04B YoY-0.7%	4.07B
	888M YoY+0.7%	882M YoY+1.9%	866M YoY+2.6%	844M YoY+5.3%	801M
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	663M YoY+58.7%	418M YoY+23958.8%	-1.75M YoY+99.7%	-626M YoY-49.1%	-420M YoY-116.1%
Depreciation & amortization	275M YoY+1.7%	271M YoY+34.1%	202M YoY+19.3%	169M YoY+39.7%	121M YoY+56.5%
Intangible amortization	256M YoY+2.6%	250M YoY+38.1%	181M YoY+20.1%	151M YoY+40.4%	107M YoY+57.6%
Share-based compensation	339M YoY-11.0%	381M YoY-4.3%	398M YoY-31.2%	579M YoY-15.3%	683M YoY+110.2%
Deferred income taxes	-18.2M YoY+80.3%	-92.7M YoY-1685.5%	5.85M YoY+108.0%	-73.4M YoY-373.3%	-15.5M YoY-580.5%
Change in receivables	57.7M YoY+470.3%	10.1M YoY+384.3%	-3.56M YoY-42.0%	-2.51M YoY-240.2%	1.79M YoY-87.1%
	-166M YoY+70.7%	-567M YoY-527.0%	-90.4M YoY+56.7%	-209M YoY-7.0%	-195M YoY+14.2%
Capital expenditure	15.4M YoY+50.9%	10.2M YoY-51.3%	20.9M YoY-35.5%	32.4M YoY+103.5%	15.9M YoY+35.5%
Free cash flow	648M YoY+58.9%	408M YoY+1899.3%	-22.7M YoY+96.6%	-658M YoY-51.1%	-435M YoY-111.5%
Acquisitions	16.4M YoY-96.3%	441M	0.00 YoY-100.0%	96.5M YoY+48.5%	65.0M YoY-63.6%
Other investing activities	6.94M YoY+63.0%	4.26M YoY+204.1%	1.40M YoY-83.7%	8.61M YoY+27.1%	6.78M YoY+158.1%
	-222M YoY-54.0%	-144M YoY-128.5%	-63.2M YoY-277.8%	-16.7M YoY-101.5%	1.14B YoY-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 YoY-100.0%
Common stock repurchased	572M YoY+1089.0%	48.1M	0.00	0.00 YoY-100.0%	17.8M YoY-93.8%
Dividends paid	0.00	0.00	0.00	0.00	0.00
Other financing activities	-2.60M YoY+2.5%	-2.67M	0.00	0.00 YoY-100.0%	416K
FX effect on cash	—	—	0.00	0.00 YoY-100.0%	583K YoY+262.8%
Net change in cash	274M YoY+193.6%	-293M YoY-88.8%	-155M YoY+81.7%	-851M YoY-262.1%	525M YoY-72.1%
Interest paid	27.9M	0.00	0.00	0.00	0.00 YoY-100.0%
Income taxes paid	8.24M YoY+56.3%	5.27M YoY-36.8%	8.34M YoY-19.5%	10.4M YoY+84.1%	5.63M YoY+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 YoY-6.7%	32.8B YoY+8.4%	30.3B YoY+215.8%	9.59B YoY-56.4%	22.0B YoY+54.6%
P/E	8248.7×	—	—	—	—
P/S	5.1× YoY-26.6%	6.9× YoY-25.2%	9.2× YoY+78.4%	5.2× YoY-69.6%	17.0× YoY-26.7%
P/B	48.5× YoY+49.3%	32.5× YoY-14.1%	37.8× YoY+465.5%	6.7× YoY-49.0%	13.1× YoY+142.4%
P/FCF	47.3× YoY-41.3%	80.5×	—	—	—
	0.01%	—	—	—	—
	2.1% YoY+70.3%	1.2%	—	—	—
Source filing	10-K	10-K	10-K	10-K	10-K

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.