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DraftKings Inc. DKNG Q1 2026 earnings

Reported May 7, 2026 · After market close

Revenue$1.6BBeat by $14.2M
EPS$0.04Miss by $0.03
Revenue estimate$1.6B
EPS estimate$0.07

Next report

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

Financials

Q1 2026

Income statement

See full
Revenue$1.6B+16.8%
Gross profit$696.7M+23.3%
Operating income$5.8M+113%
Net income$21.1M+162%
EPS (diluted)$0.03+143%

Balance sheet

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Cash & equivalents$1.4B-10.2%
Total debt$664.0M-0.6%
Total equity$605.0M-30.7%
Total assets$4.3B-4.6%

Cash flow

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Operating cash flow-$48.4M+59.3%
CapEx$7.1M+168%
Free cash flow-$55.5M+54.4%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$10.72B-35.4%
Enterprise value$10B-36.4%
P/E182.8×—
P/S1.7×-1.6×

Profitability

See full
Gross margin41.8%+3.5pp
Net margin0.9%+0.5pp
FCF margin11.3%+4.2pp

Returns & leverage

See full
Return on equity7.9%+4.3pp
Debt / equity1.1×+0.3×
Current ratio1×-0.2×

Segments

By segment

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Reportable Segment$1.6B+16.8%

By product

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iGaming$461.3M+8.9%

FAQ

When did DraftKings Inc. report Q1 2026 earnings?
DraftKings Inc. (DKNG) reported Q1 2026 earnings on May 7, 2026 after market close.
What were DraftKings Inc.'s Q1 2026 revenue and EPS?
DraftKings Inc. reported revenue of $1.6B and eps of $0.04 for Q1 2026.
Did DraftKings Inc. beat estimates in Q1 2026?
Revenue beat the consensus estimate of $1.6B by $14.2M. EPS missed the consensus estimate of $0.07 by $0.03.
How did DraftKings Inc.'s Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 16.8% from $1.4B a year earlier.
Where can I find DraftKings Inc.'s Q1 2026 SEC filings?
You can read the 8-K earnings release (0001883685-26-000019) and the 10-Q periodic report (0001883685-26-000020) directly on SEC EDGAR. The filing index links above go to sec.gov.