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DraftKings Inc. DKNG Q1 2025 earnings

Reported May 1, 2025 · After market close

Revenue$1.4BMiss by $20.5MDiluted EPS-$0.07Beat by $0.01
Revenue estimate$1.4B
EPS estimate-$0.08

Next report

Aug 5, 2026 (In 3 weeks)
Revenue estimate$1.6B
EPS estimate$0.34

Financials

Q1 2025

Income statement

See full
Revenue$1.4B+19.9%
Gross profit$565.0M+21.5%
Operating income-$46.3M+66.6%
Net income-$33.9M+76.2%
EPS (diluted)-$0.07+76.7%

Balance sheet

See full
Cash & equivalents$1.5B+4.2%
Total debt$667.8M+640%
Total equity$872.9M+5.0%
Total assets$4.5B+18.8%

Cash flow

See full
Operating cash flow-$119.0M-69.1%
CapEx$2.6M-12.5%
Free cash flow-$121.7M-65.7%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$16.6B-22.9%
Enterprise value$15.73B-21.9%
P/S3.3×-2.0×

Profitability

See full
Gross margin38.3%-0.7pp
Operating margin-10.3%-1.9pp
Net margin-8%-2.3pp
FCF margin7.2%—

Returns & leverage

See full
Return on equity-46.8%-8.1pp
Debt / equity0.8×+0.7×
Current ratio1.2×-0.1×

Segments

By product

See full
Sportsbook$882.0M+20.1%
iGaming$423.5M+14.5%

By segment

See full
Reportable Segment$1.4B+19.9%

Versus estimates

Revenue

Q1 2026$1.6BBeat by $14.2MQ4 2025$2.0BIn lineQ3 2025$1.1BMiss by $60.6MQ2 2025$1.5BBeat by $88.6M
Q1 2025$1.4BMiss by $20.5M
Q4 2024$1.4BIn line

Diluted EPS

Q1 2026$0.04Miss by $0.03Q4 2025$0.25Miss by $0.01Q3 2025-$0.26Beat by $0.17Q2 2025$0.30Beat by $0.15
Q1 2025-$0.07Beat by $0.01
Q4 2024-$0.28Miss by $0.35

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Questions, answered.

When did DraftKings Inc. report Q1 2025 earnings?
DraftKings Inc. (DKNG) reported Q1 2025 earnings on May 1, 2025 after market close.
What were DraftKings Inc.'s Q1 2025 revenue and EPS?
DraftKings Inc. reported revenue of $1.4B and diluted EPS of $-0.07 for Q1 2025.
Did DraftKings Inc. beat estimates in Q1 2025?
Revenue missed the consensus estimate of $1.4B by $20.5M. EPS beat the consensus estimate of $-0.08 by $0.01.
How did DraftKings Inc.'s Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 19.9% from $1.2B a year earlier and diluted EPS grew 76.7% from $-0.30.
Where can I find DraftKings Inc.'s Q1 2025 SEC filings?
You can read the 10-Q periodic report (0001883685-25-000020) directly on SEC EDGAR. The filing index links above go to sec.gov.