Skip to content
OpenCapital
Get started

DraftKings Inc. DKNG Q3 2025 earnings

Reported November 6, 2025 · After market close

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

Next report

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

Financials

Q3 2025

Income statement

See full
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

See full
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

See full
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

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

Returns & leverage

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

Segments

By product

See full
Sportsbook$596.1M—
iGaming$451.3M—

By segment

See full
Reportable Segment$1.1B+4.4%

Versus estimates

Revenue

Q1 2026$1.6BBeat by $14.2MQ4 2025$2.0BIn line
Q3 2025$1.1BMiss by $60.6M
Q2 2025$1.5BBeat by $88.6MQ1 2025$1.4BMiss by $20.5MQ4 2024$1.4BIn line

Diluted EPS

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

Ask the moment DraftKings Inc. reports.

Connect your AI and ask the moment the filing drops. It reads the release, surfaces what management said, and gives you its own read.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

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 diluted 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 diluted 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.