Skip to content
OpenCapital
Get started

DraftKings Inc. DKNG Q4 2025 Annual earnings

Reported February 12, 2026 · After market close

Revenue$2.0BIn lineDiluted EPS$0.25Miss by $0.01
Revenue estimate$2.0B
EPS estimate$0.26

Next report

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

Financials

Q4 2025

Income statement

See full
Revenue$2.0B+42.8%
Gross profit$914.7M+63.9%
Net income$136.4M+201%

Balance sheet

See full
Cash & equivalents$1.6B+20.6%
Total debt$630.7M+702%
Total equity$631.5M-37.5%
Total assets$4.5B+5.8%

Cash flow

See full
Operating cash flow$320.5M-1.5%
CapEx$4.0M+95.1%
Free cash flow$316.5M-2.1%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$17.15B-5.4%
Enterprise value$16.18B-4.2%
P/E4,623.5×—
P/S2.8×-1.0×

Profitability

See full
Gross margin41.3%+3.1pp
Net margin0.1%0.0pp
FCF margin10.7%+2.1pp

Returns & leverage

See full
Return on equity0.5%+0.2pp
Debt / equity1×+0.9×
Current ratio1×+0.1×

Segments

By product

See full
Sportsbook$1.4B+63.8%
iGaming$500.2M+17.5%

By segment

See full
Reportable Segment$2.0B+42.8%

Versus estimates

Revenue

Q1 2026$1.6BBeat by $14.2M
Q4 2025$2.0BIn line
Q3 2025$1.1BMiss by $60.6MQ2 2025$1.5BBeat by $88.6MQ1 2025$1.4BMiss by $20.5MQ4 2024$1.4BIn line

Diluted EPS

Q1 2026$0.04Miss by $0.03
Q4 2025$0.25Miss by $0.01
Q3 2025-$0.26Beat by $0.17Q2 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 Q4 2025 earnings?
DraftKings Inc. (DKNG) reported Q4 2025 earnings on February 12, 2026 after market close.
What were DraftKings Inc.'s Q4 2025 revenue and EPS?
DraftKings Inc. reported revenue of $2.0B and diluted EPS of $0.25 for Q4 2025.
Did DraftKings Inc. beat estimates in Q4 2025?
Revenue missed the consensus estimate of $2.0B by $755.0K. EPS missed the consensus estimate of $0.26 by $0.01.
How did DraftKings Inc.'s Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 42.8% from $1.4B a year earlier.
Where can I find DraftKings Inc.'s Q4 2025 SEC filings?
You can read the 8-K earnings release (0001883685-26-000011) and the 10-K periodic report (0001883685-26-000013) directly on SEC EDGAR. The filing index links above go to sec.gov.