DKNG - DraftKings Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$35.78
DETAILS
HIGH:
$46.00
LOW:
$26.00
MEDIAN:
$35.00
CONSENSUS:
$35.78
UPSIDE:
42.44%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||
| Revenue | 6,054.5 | 4,767.7 | 3,665.4 | 2,240.5 | 1,296.0 | 614.5 | 323.4 | 226.3 | 191.8 |
| Cost of Revenue | 3,556.9 | 2,950.6 | 2,292.2 | 1,484.3 | 794.2 | 346.6 | 103.9 | 48.7 | 31.8 |
| Gross Profit | 2,497.6 | 1,817.1 | 1,373.2 | 756.2 | 501.9 | 267.9 | 219.5 | 177.6 | 160.1 |
| Operating Expenses | |||||||||
| R&D Expenses | 459.9 | 397.1 | 355.2 | 318.2 | 253.7 | 168.6 | 55.9 | 32.9 | 20.2 |
| SG&A Expenses | 2,053.5 | 2,029.0 | 1,807.3 | 1,949.7 | 1,809.8 | 942.6 | 310.1 | 221.5 | 213.1 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.6) |
| Operating Expenses | 2,513.4 | 2,426.1 | 2,162.4 | 2,267.9 | 2,063.5 | 1,111.2 | 366.1 | 254.4 | 233.3 |
| Operating Income | |||||||||
| Operating Income | (15.8) | (609.0) | (789.2) | (1,511.8) | (1,561.6) | (843.3) | (146.5) | (76.8) | (73.2) |
| Interest Expense | 19.9 | 3.0 | 2.7 | 2.7 | 2.1 | 1.1 | 0 | 0 | 1.5 |
| Interest Income | 0 | 47.3 | 58.4 | 21.4 | 4.1 | 0 | 1.3 | 0.7 | 0 |
| Profitability | |||||||||
| EBITDA | 259.7 | (319.3) | (586.7) | (1,271.1) | (1,394.4) | (765.8) | (132.9) | (69.3) | (66.9) |
| EBIT | (15.8) | (590.2) | (788.6) | (1,440.3) | (1,515.5) | (843.3) | (146.5) | (76.8) | (73.2) |
| Income Before Tax | 8.0 | (593.6) | (792.0) | (1,445.9) | (1,514.9) | (1,232.5) | (142.7) | (76.1) | (75.3) |
| Income Tax Expense | 4.3 | (86.3) | 10.2 | (67.9) | 8.3 | (0.6) | 0.1 | 0.1 | 0.2 |
| Net Income | 3.7 | (507.3) | (802.1) | (1,378.0) | (1,523.2) | (1,231.8) | (142.7) | (76.2) | (75.6) |
| Per Share Data | |||||||||
| EPS (Basic) | -0.01 | -1.05 | -1.73 | -3.15 | -3.79 | -4.03 | -0.77 | -0.41 | -0.41 |
| EPS (Diluted) | -0.01 | -1.05 | -1.73 | -3.15 | -3.79 | -4.03 | -0.77 | -0.41 | -0.41 |
| Shares Outstanding | 371 | 482.0 | 462.6 | 436.5 | 402.5 | 305.6 | 184.6 | 184.6 | 184.6 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||
| Cash & Cash Equivalents | 1,604.6 | 788.3 | 1,270.5 | 1,309.2 | 2,152.9 | 1,817.3 | 76.5 | 117.9 | 49.3 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 105.6 | 120.4 | 349.3 | 211.2 | 97.8 | 74.8 | 29.8 | 21.3 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 104.8 | 625.1 | 451.6 | 564.5 | 476.9 | 287.7 | 144 | 111.7 | 106.3 |
| Total Current Assets | 1,815.0 | 1,533.8 | 2,071.4 | 2,084.8 | 2,753.3 | 2,194.3 | 261.1 | 262.2 | 164.6 |
| Non-Current Assets | |||||||||
| Property, Plant & Equipment | 100.9 | 125.5 | 154.7 | 126.1 | 109.8 | 108.9 | 25.9 | 14.1 | 1.6 |
| Goodwill | 1,597.6 | 1,555.1 | 886.4 | 886.4 | 615.7 | 569.6 | 4.7 | 4.7 | 4.4 |
| Intangible Assets | 889.2 | 933.1 | 690.6 | 776.9 | 535.0 | 555.9 | 33.9 | 16.9 | 10.2 |
| Long-Term Investments | 18.9 | 13.2 | 10.3 | 10.1 | 9.8 | 3.0 | 2.5 | 0 | 0 |
| Other Non-Current Assets | 109.1 | 123.1 | 131.5 | 155.9 | 45.4 | 7.6 | 2.4 | 1.5 | 2.2 |
| Total Non-Current Assets | 2,715.8 | 2,750.0 | 1,873.5 | 1,955.3 | 1,315.7 | 1,245.0 | 69.6 | 37.2 | 18.4 |
| Total Assets | 4,530.8 | 4,283.7 | 3,944.9 | 4,040.2 | 4,069.1 | 3,439.3 | 330.7 | 299.4 | 183.0 |
| Current Liabilities | |||||||||
| Account Payables | 785.4 | 53.7 | 34.1 | 10.1 | 52.5 | 28.1 | 16.6 | 11.6 | 13.1 |
| Short-Term Debt | 9.8 | 0 | 0 | 0 | 0 | 0 | 6.8 | 3.8 | 2.5 |
| Deferred Revenue | 0 | 46.4 | 43.6 | 40.5 | 1.6 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 960.2 | 1,069.9 | 993.4 | 803.4 | 592.7 | 366.4 | 180.8 | 136.0 | 110.8 |
| Total Current Liabilities | 1,755.5 | 1,655.0 | 1,549.6 | 1,246.5 | 929.4 | 554.4 | 255.1 | 195.9 | 161.5 |
| Non-Current Liabilities | |||||||||
| Long-Term Debt | 1,880.0 | 1,256.4 | 1,253.8 | 1,251.1 | 1,248.5 | 0 | 68.4 | 0 | 2.5 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 219.4 | 294.0 | 220.4 | 150.6 | 155.3 | 184.8 | 56.9 | 288.7 | 18.4 |
| Total Non-Current Liabilities | 2,143.9 | 1,618.1 | 1,554.9 | 1,471.0 | 1,461.1 | 253.6 | 125.2 | 288.7 | 20.9 |
| Total Liabilities | 3,899.3 | 3,273.1 | 3,104.6 | 2,717.5 | 2,390.5 | 808.0 | 380.3 | 484.6 | 182.4 |
| Stockholders' Equity | |||||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.4 | 0.4 |
| Retained Earnings | (6,437.5) | (6,441.2) | (5,933.9) | (5,131.8) | (3,753.8) | (2,230.6) | (998.8) | (856.0) | (779.8) |
| Accumulated Other Comprehensive Income | 36.5 | 36.5 | 36.5 | 36.5 | 36.5 | 83.5 | 0 | 0 | 0 |
| Total Stockholders' Equity | 631.5 | 1,010.6 | 840.3 | 1,322.7 | 1,678.5 | 2,631.3 | (49.6) | (185.2) | 0.6 |
| Total Liabilities & Equity | 4,530.8 | 4,283.7 | 3,944.9 | 4,040.2 | 4,069.1 | 3,439.3 | 330.7 | 299.4 | 183.0 |
| Debt Metrics | |||||||||
| Total Debt | 1,934.2 | 1,335.1 | 1,346.1 | 1,324.7 | 1,318.6 | 81.6 | 75.1 | 3.8 | 5 |
| Net Debt | 329.6 | 546.8 | 75.6 | 15.5 | (834.3) | (1,735.6) | (1.4) | (114.2) | (44.3) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Net Income | 3.7 | (507.3) | (802.1) | (1,378.0) | (1,523.2) | (844.3) | (142.7) | (76.2) | (75.6) |
| Depreciation & Amortization | 275.5 | 270.9 | 201.9 | 169.3 | 121.1 | 77.4 | 13.6 | 7.5 | 6.3 |
| Stock-Based Compensation | 339.3 | 381.4 | 398.5 | 578.8 | 683.3 | 325.0 | 17.6 | 7.2 | 4.5 |
| Change in Working Capital | 97.3 | 335.1 | 134.9 | 121.7 | 356.8 | 102.5 | 64.2 | 13.9 | (28.1) |
| Other Non-Cash Items | (34.8) | 30.5 | 59.3 | (43.9) | (42.0) | 3.7 | 0.6 | 2.0 | 4.3 |
| Operating Cash Flow | 662.9 | 417.8 | (1.8) | (625.5) | (419.5) | (337.9) | (46.6) | (45.6) | (88.4) |
| Investing Activities | |||||||||
| Capital Expenditure | (15.4) | (10.2) | (113.4) | (103.6) | (98.3) | (47.7) | (42.3) | (26.7) | (7.7) |
| Acquisitions | (16.4) | (441.5) | 0 | (96.5) | (65.0) | (179.6) | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | (25) | (1) | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | (82.4) | 3.6 | 0 | 0 | 0 |
| Other Investing Activities | (134.3) | (114.9) | (69.5) | (8.6) | 75.6 | (2.6) | (25.6) | (13.0) | (7.1) |
| Investing Cash Flow | (166.0) | (566.6) | (90.4) | (208.8) | (195.0) | (227.3) | (42.3) | (26.7) | (7.7) |
| Financing Activities | |||||||||
| Net Debt Issuance | 583.6 | 0 | 0 | 0 | 1,248.0 | 34.3 | 71.1 | 0 | 0 |
| Stock Repurchased | (829.3) | (151.0) | (80.0) | (25.5) | (17.8) | (288.8) | (0.7) | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (2.6) | 6.5 | 16.8 | 8.8 | (91.4) | 2,560.8 | 1.1 | (0.7) | (0.1) |
| Financing Cash Flow | (222.5) | (144.5) | (63.2) | (16.7) | 1,138.8 | 2,306.3 | 79.8 | 140.9 | 118.5 |
| Cash Position | |||||||||
| Net Change in Cash | 330.4 | (293.3) | (155.3) | (851.0) | 524.9 | 1,740.7 | (9.1) | 68.6 | 22.4 |
| Cash at Beginning | 804.8 | 1,623.5 | 1,778.8 | 2,629.8 | 2,105.0 | 76.5 | 229.6 | 49.3 | 26.9 |
| Cash at End | 1,135.1 | 1,330.2 | 1,623.5 | 1,778.8 | 2,629.8 | 1,817.3 | 220.5 | 117.9 | 49.3 |
| Free Cash Flow | 647.5 | 407.6 | (115.1) | (729.2) | (517.8) | (385.6) | (88.8) | (72.3) | (96.2) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | 6,054.5 | 4,767.7 | 3,665.4 | 2,240.5 | 1,296.0 | 614.5 | 323.4 | 226.3 | 191.8 |
| Gross Profit | 2,497.6 | 1,817.1 | 1,373.2 | 756.2 | 501.9 | 267.9 | 219.5 | 177.6 | 160.1 |
| Operating Income | (15.8) | (609.0) | (789.2) | (1,511.8) | (1,561.6) | (843.3) | (146.5) | (76.8) | (73.2) |
| Net Income | 3.7 | (507.3) | (802.1) | (1,378.0) | (1,523.2) | (1,231.8) | (142.7) | (76.2) | (75.6) |
| EPS (Diluted) | -0.01 | -1.05 | -1.73 | -3.15 | -3.79 | -4.03 | -0.77 | -0.41 | -0.41 |
| Balance Sheet | |||||||||
| Cash & Equivalents | 1,604.6 | 788.3 | 1,270.5 | 1,309.2 | 2,152.9 | 1,817.3 | 76.5 | 117.9 | 49.3 |
| Total Assets | 4,530.8 | 4,283.7 | 3,944.9 | 4,040.2 | 4,069.1 | 3,439.3 | 330.7 | 299.4 | 183.0 |
| Total Debt | 1,934.2 | 1,335.1 | 1,346.1 | 1,324.7 | 1,318.6 | 81.6 | 75.1 | 3.8 | 5 |
| Stockholders' Equity | 631.5 | 1,010.6 | 840.3 | 1,322.7 | 1,678.5 | 2,631.3 | (49.6) | (185.2) | 0.6 |
| Cash Flow | |||||||||
| Operating Cash Flow | 662.9 | 417.8 | (1.8) | (625.5) | (419.5) | (337.9) | (46.6) | (45.6) | (88.4) |
| Capital Expenditure | (15.4) | (10.2) | (113.4) | (103.6) | (98.3) | (47.7) | (42.3) | (26.7) | (7.7) |
| Free Cash Flow | 647.5 | 407.6 | (115.1) | (729.2) | (517.8) | (385.6) | (88.8) | (72.3) | (96.2) |