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DraftKings Inc. DKNG Q3 2025 earnings

Reported November 6, 2025 · After market close

Revenue$1.1BMiss by $60.6M
EPS-$0.26Beat by $0.17
Revenue estimate$1.2B
EPS estimate-$0.43

Next report

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

Financials

Q3 2025

Income statement

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Revenue$1.1B+4.4%
Gross profit$359.9M+1.9%
Operating income-$271.9M+8.9%
Net income-$256.8M+12.6%
EPS (diluted)-$0.52+13.3%

Balance sheet

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Cash & equivalents$1.7B+47.7%
Total debt$654.1M+652%
Total equity$732.3M-32.0%
Total assets$4.6B+8.2%

Cash flow

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Operating cash flow$287.5M+115%
CapEx$4.4M+64.1%
Free cash flow$283.0M+116%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$18.57B-3.2%
Enterprise value$17.51B-3.3%
P/S3.4×-0.8×

Profitability

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Gross margin39.2%+0.7pp
Operating margin-5.6%-1.9pp
Net margin-4.9%-1.5pp
FCF margin12%—

Returns & leverage

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Return on equity-29.6%-7.4pp
Debt / equity0.9×+0.8×
Current ratio1.1×+0.1×

Segments

By segment

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Reportable Segment$1.1B+4.4%

By product

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iGaming$451.3M—

FAQ

When did DraftKings Inc. report Q3 2025 earnings?
DraftKings Inc. (DKNG) reported Q3 2025 earnings on November 6, 2025 after market close.
What were DraftKings Inc.'s Q3 2025 revenue and EPS?
DraftKings Inc. reported revenue of $1.1B and eps of $-0.26 for Q3 2025.
Did DraftKings Inc. beat estimates in Q3 2025?
Revenue missed the consensus estimate of $1.2B by $60.6M. EPS beat the consensus estimate of $-0.43 by $0.17.
How did DraftKings Inc.'s Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 4.4% from $1.1B a year earlier and eps grew 56.7% from $-0.60.
Where can I find DraftKings Inc.'s Q3 2025 SEC filings?
You can read the 8-K earnings release (0001883685-25-000035) and the 10-Q periodic report (0001883685-25-000038) directly on SEC EDGAR. The filing index links above go to sec.gov.