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DraftKings Inc. DKNG Debt-to-assets

Debt-to-assets at other companies

MGM Resorts International logo
MGM Resorts InternationalMGM
0.8×0.0×
Flutter Entertainment logo
Flutter EntertainmentFLUT
0.4×+0.1×

Other financials

Income statement

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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

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Market cap$13.09B-35.4%
Enterprise value$12.37B-36.4%
P/E223.3×
P/S2.1×-2.0×

Profitability

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Gross margin41.8%+3.5pp
Operating margin-5.6%-1.9pp
Net margin0.9%+0.5pp
FCF margin11.3%+4.2pp

Returns & leverage

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

Where this comes from

Calculated from DraftKings Inc.’s reported figures.

Based on the most recent quarter.

The official record: DraftKings Inc.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is DraftKings Inc.'s debt-to-assets?
DraftKings Inc. (DKNG) reported debt-to-assets of 0.2× in Q1 2026.
How has DraftKings Inc.'s debt-to-assets changed year-over-year?
DraftKings Inc.'s debt-to-assets increased by 4.2% year-over-year, from 0.1× to 0.2×.
What is the long-term trend for DraftKings Inc.'s debt-to-assets?
Over 4 years (2021 to 2025), DraftKings Inc.'s debt-to-assets has grown at a 68.7% compound annual growth rate (CAGR), from 0× to 0.1×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.