Growth & profitability
- Revenue has grown 39.3% per year over the past 5 years.
DKNG Financials Draftkings Inc.
6 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $6.1B | $4M | 41.3% | -0.3% | $648M | — | $1.1B |
| 2024 | $4.8B | -$507M | 38.1% | -12.8% | $408M | — | $788M |
| 2023 | $3.7B | -$802M | 37.5% | -21.5% | -$23M | — | $1.3B |
| 2022 | $2.2B | -$1.4B | 33.8% | -67.5% | -$658M | — | $1.3B |
| 2021 | — | -$1.5B | — | — | -$435M | — | $2.2B |
| 2020 | — | -$1.2B | — | — | -$206M | — | $1.8B |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $1.6B | $21M | 42.3% | 0.4% | -$56M | — | $999M |
| Dec '25 | $2.0B | $136M | 46.0% | 7.6% | $317M | — | $1.1B |
| Sep '25 | $1.1B | -$257M | 31.5% | -23.8% | $283M | — | $1.2B |
| Jun '25 | $1.5B | $158M | 43.5% | 10.0% | $170M | — | $1.3B |
| Mar '25 | $1.4B | -$34M | 40.1% | -3.3% | -$122M | — | $1.1B |
| Dec '24 | $1.4B | -$135M | 40.1% | -10.0% | $323M | — | $788M |
| Sep '24 | $1.1B | -$294M | 32.2% | -27.3% | $131M | — | $878M |
| Jun '24 | $1.1B | $64M | 39.9% | -2.9% | $27M | — | $816M |
| Mar '24 | $1.2B | -$143M | 39.6% | -11.8% | -$73M | — | $1.2B |
| Dec '23 | — | -$45M | — | — | $71M | — | $1.3B |
| Sep '23 | — | -$283M | — | — | $135M | — | $1.1B |
| Jun '23 | — | -$77M | — | — | -$20M | — | $1.1B |
| Mar '23 | — | -$397M | — | — | -$209M | — | $1.1B |
| Dec '22 | — | -$243M | — | — | -$161M | — | $1.3B |
| Sep '22 | — | -$450M | — | — | $47M | — | $1.4B |
| Jun '22 | — | -$217M | — | — | -$178M | — | $1.5B |
| Mar '22 | — | -$468M | — | — | -$365M | — | $1.8B |
| Dec '21 | — | -$326M | — | — | -$177M | — | $2.2B |
| Sep '21 | — | -$545M | — | — | -$76M | — | $2.4B |
| Jun '21 | — | -$306M | — | — | -$120M | — | $2.6B |
Valuation over time
How the market has priced DKNG against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 4593.1× (Dec '25) to 3076.7× (Jun '26).
- The price-to-sales ratio has fallen from 4.3× (Mar '23) to 1.9× (Jun '26).
P/E
P/S
Frequently asked questions
Is DKNG growing its revenue and profit?
Over the past 5 years, Draftkings Inc.'s revenue has grown 39.3% per year. These are computed facts, not advice.
How much debt does DKNG have?
As of FY2025, Draftkings Inc. reported — of total debt against $1.1B of cash.
What is DKNG's profit margin?
In FY2025, gross margin was 41.3%, operating margin -0.3%, and net margin 0.1%.
What is DKNG's P/E ratio?
As of Jun '26, Draftkings Inc. traded at a price-to-earnings ratio of about 3076.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.