DKNGNasdaqServices-Miscellaneous Amusement & RecreationFiscal year ends December 31
DraftKings Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$19.77+0.87 (+4.60%)
Close on Oct 19, 2026
- Market cap
- $9.81B
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2025
Gross margin
41.3%−2.3 pts over 5 years
Operating margin
-0.3%+137.0 pts over 5 years
Net margin
0.1%+200.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +27.0% | +39.3% | +58.0% | – | |
| Gross profit | +37.4% | +48.9% | +56.3% | – | |
| Free cash flow | +58.9% | – | – | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -95.4% | 0.5% | |
| Return on assets | – | – | 0.1% | |
| Current ratio | – | – | 1.03 | |
| Interest coverage | – | – | – | |
| Capex to revenue | – | 1.9% | 0.3% | |
| Diluted shares | – | 306M | 496M |
Where the cash went
Fiscal 2021 to 2025, five years combined
DraftKings generated $2.13B from operations and spent $732.18M on capital expenditure, dividends and share buybacks. 13% of that went back into the business.
Generated
$2.13B
Used
$732.18M
Capital expenditure$94.76M13%Dividends$00%Share buybacks$637.43M87%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin0.1%
×Asset turnover1.37×
×Equity multiplier5.37×
=Return on equity, FY20250.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 0.1% | 1.37× | 5.37× | 0.5% |
| FY2024 | -10.6% | 1.16× | 4.45× | -54.8% |
| FY2023 | -21.9% | 0.92× | 3.69× | -74.2% |
| FY2022 | -61.5% | 0.55× | 2.70× | -91.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$3.71M
- Cash generatingOperating cash flow above zero$662.86M
- Return on assets improvedROA up on the prior year-12.9% → 0.1%
- Earnings backed by cashOperating cash flow above net income$662.86M vs $3.71M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose0.93 → 1.03
- No dilutionShare count did not rise482M → 496M
- Gross margin improvedGross margin up on the prior year38.11% → 41.25%
- More efficientAsset turnover rose1.21 → 1.41