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DraftKings Inc (DKNG) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

CONSUMER CYCLICAL · GAMBLING · DATA UPDATED 2026-09-19

DraftKings Inc (DKNG) operates in the GAMBLING industry and is headquartered in Boston, United States with about 5,500 employees. Its market capitalization is roughly $11 billion. In the fiscal year ended 2025-12-31, DKNG reported $6.1B in revenue and $4M in net income.

DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally. The company offers online and retail sports betting, daily fantasy sports, digital lottery couriers, prediction markets, and other products, as well as retails sportsbooks.

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DKNG Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-31
Total Revenue$6.2B$6.1B$4.8B$3.7B$2.2B$1.3B$615M$323M$226M$192M
Gross Profit$2.5B$2.5B$1.8B$1.4B$756M$502M$268M$220M$178M$160M
Gross Margin %40.6%41.2%38.1%37.5%33.8%38.7%43.6%67.9%78.5%83.5%
Operating Income (EBIT)($182M)($16M)($609M)($789M)($1.5B)($1.6B)($843M)($147M)($77M)($73M)
Operating Margin %-2.9%-0.3%-12.8%-21.5%-67.5%-120.5%-137.2%-45.3%-33.9%-38.1%
Net Income($168M)$4M($507M)($802M)($1.4B)($1.5B)($1.2B)($143M)($76M)($76M)
Net Margin %-2.7%0.1%-10.6%-21.9%-61.5%-117.5%-200.5%-44.1%-33.7%-39.4%
EBITDA$303M($319M)($587M)($1.3B)($1.4B)($766M)($133M)($69M)($67M)
Earnings Per Share (EPS)$0.01$-1.05$-1.73$-3.16$-3.78$-4.03$-0.77$-0.41$-0.41
Shares Outstanding (M)496M482M463M437M402M306M185M185M185M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

DKNG Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Total Revenue$1.4B$1.6B$2.0B$1.1B$1.5B$1.4B$1.4B$1.1B$1.1B
Gross Profit$552M$697M$915M$360M$658M$565M$558M$353M$441M
Gross Margin %38.2%42.3%46.0%31.5%43.5%40.1%40.1%32.2%39.9%
Operating Income (EBIT)($68M)$6M$152M($272M)$151M($46M)($139M)($299M)($32M)
Operating Margin %-4.7%0.4%7.6%-23.8%10.0%-3.3%-10.0%-27.3%-2.9%
Net Income($68M)$21M$136M($257M)$158M($34M)($135M)($294M)$64M
Net Margin %-4.7%1.3%6.9%-22.4%10.4%-2.4%-9.7%-26.8%5.8%
EBITDA$93M$221M($159M)$247M$36M($79M)($204M)$53M
Earnings Per Share (EPS)$0.04$0.26$-0.48$0.30$-0.07$-0.28$-0.60$0.13
Shares Outstanding (M)532M532M530M530M493M488M486M479M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

DKNG Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-31
Cash from Operations (CFO)$670M$663M$418M($2M)($626M)($420M)($338M)($47M)($46M)($88M)
Capital Expenditures (CapEx)$15M$10M$113M$104M$98M$48M$42M$27M$8M
Free Cash Flow (FCF)$648M$408M($115M)($729M)($518M)($386M)($89M)($72M)($96M)
FCF Margin %10.7%8.6%-3.1%-32.6%-40.0%-62.7%-27.5%-31.9%-50.1%
Dividends Paid$63M$1.3B$308M$71M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

DKNG Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Cash from Operations (CFO)$111M($48M)$320M$287M$174M($119M)$325M$134M$29M
Capital Expenditures (CapEx)$7M$4M$40M$4M$3M$2M$32M$2M
Free Cash Flow (FCF)($56M)$317M$248M$170M($122M)$323M$102M$27M
FCF Margin %-3.4%15.9%21.7%11.2%-8.6%23.2%9.3%2.4%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

DKNG Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-31
Total Assets$4.3B$4.5B$4.3B$3.9B$4.0B$4.1B$3.4B$331M$299M$183M
Cash & Cash Equivalents$984M$1.6B$788M$1.3B$1.3B$2.2B$1.8B$77M$118M$49M
Total Liabilities$3.7B$3.9B$3.3B$3.1B$2.7B$2.4B$808M$380M$485M$182M
Total Debt (Short + Long-Term)$1.9B$1.8B$1.3B$1.3B$1.3B$1.3B$13M$75M$4M$2M
Total Shareholders' Equity$569M$631M$1.0B$840M$1.3B$1.7B$2.6B($50M)($185M)$1M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive DKNG viewer.

DKNG Metric Deep Dives

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