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DraftKings Inc.

DKNG

DraftKings is a leading digital sports entertainment and gaming company that provides a comprehensive suite of real-money gaming experiences.

Market cap
$12.3B-48.2%
Revenue$6.2B+15.0%
Net income-$166.9M+45.2%
Free cash flow$650.9M+29.7%
EPS (diluted)-$0.33+60.7%
Trailing twelve months · change vs. prior year

Earnings

Next report

Nov 5, 2026 (in 2 months)
Revenue estimate$1.4B
EPS estimate-$0.33

Financials

Q2 2026

Income statement

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Revenue$1.4B-4.6%
Gross profit$551.5M-16.2%
Operating income-$68.2M-145%
Net income-$67.6M-143%
EPS (diluted)-$0.14-147%

Balance sheet

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Cash & equivalents$1.4B-11.3%
Total debt$661.5M+0.5%
Total equity$569.4M-43.6%
Total assets$4.3B-4.4%

Cash flow

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Operating cash flow$111.4M-35.9%
CapEx$4.6M+6.3%
Free cash flow$106.9M-37.0%

Valuation & ratios

Valuation

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Market cap$12.3B-48.2%
Enterprise value$11.58B-49.3%
P/S-2.4×

Profitability

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Gross margin40.5%+1.1pp
Net margin-2.7%-0.9pp
FCF margin10.5%+1.2pp

Returns & leverage

See full
Return on equity-21.1%-3.5pp
Debt / equity1.2×+0.5×
Current ratio-0.3×

Segments

By product

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Sports$891.9M
iGaming$461.9M+7.5%

By segment

See full
Reportable Segment$1.4B-4.6%

Competitors

Profile

DraftKings is a leading digital sports entertainment and gaming company that provides a comprehensive suite of real-money gaming experiences. The company leverages a scalable technology platform to offer online and retail sports betting, casino gaming, and peer-to-peer fantasy contests. Its core value proposition centers on enhancing fan engagement through 'skin-in-the-game' experiences supported by data-driven marketing and regulatory compliance.

Competitive position

A leading operator in the U.S. digital gaming market with a significant share in both sports betting and iGaming.

GeographiesUnited States
Customer segmentsRetail consumers, Sports enthusiasts
Business modelB2C, Marketplace, Brokerage, Transaction-based
SuppliersCasino game developers, Live dealer service providers, Sports data providers, Payment processors, Cloud infrastructure providers
CustomersIndividual retail bettors, Casino players, Fantasy sports contestants
Listed2020
Employees4.4K
CEOJason D. Robins
FilingsSEC EDGAR

FAQ

What is DraftKings Inc.'s market cap?
DraftKings Inc. (DKNG) has a market capitalization of $12.3B and trades on NASDAQ.
What is DraftKings Inc.'s revenue and profitability?
DraftKings Inc. generated $6.2B in trailing twelve-month revenue with a net loss of $166.9M, representing a net margin of -2.7%. Gross margin stands at 40.5%, with free cash flow of $650.9M. These figures are based on the Q2 2026 filing.
Who are DraftKings Inc.'s competitors?
DraftKings Inc.'s key competitors include Flutter Entertainment, Caesars Entertainment, Penn Entertainment, and others. These companies compete in similar markets and product categories.
Who does DraftKings Inc. partner with?
DraftKings Inc.'s notable partners include International Game Technology, Light & Wonder Inc., Evolution, and others.
What subsidiaries does DraftKings Inc. have?
DraftKings Inc.'s subsidiaries include Jackpocket.
Where is DraftKings Inc. headquartered?
DraftKings Inc. is headquartered in United States of America and employs approximately 4,400 people. It has been publicly traded since 2020.