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DraftKings Inc. DKNG Reportable Segment — Income (Loss) from Equity Method Investments

Discontinued — last reported Q1 '25

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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

Reported directly by DraftKings Inc. in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromEquityMethodInvestments.

The official record: DraftKings Inc.’s 10-Q, filed May 9, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is DraftKings Inc.'s reportable segment — income (loss) from equity method investments?
DraftKings Inc. (DKNG) reported reportable segment — income (loss) from equity method investments of $45K in Q1 2025.
How has DraftKings Inc.'s reportable segment — income (loss) from equity method investments changed year-over-year?
DraftKings Inc.'s reportable segment — income (loss) from equity method investments increased by 113.6% year-over-year, from -$330K to $45K.
What does reportable segment — income (loss) from equity method investments mean?
The company's share of profits or losses from businesses where it holds a significant minority stake.
How do you interpret reportable segment — income (loss) from equity method investments?
An increase indicates that the company's minority-owned investments are becoming more profitable, while a decrease or loss suggests underperformance or impairment of these external business interests.
How does reportable segment — income (loss) from equity method investments compare across companies?
Commonly reported as 'Equity in earnings of unconsolidated affiliates' or 'Share of net income from equity method investments' in standard financial statements.