DraftKings Inc. — DKNG
| Close Price | Market Cap | P/E Ratio | Forward P/E Ratio | Implied Growth* | Implied Forward Growth* | Dividend | P/B Ratio |
|---|---|---|---|---|---|---|---|
| $30.40 | $15.13B | - | 53.3 | N/A | 22.3% | - | 20.6 |
Revenue & Net Income
| Date | Revenue | Net Income | EPS | Revenue Change | Net Income Change | EPS Change | |
|---|---|---|---|---|---|---|---|
| 0 | 2020-12-31 | $614.5M | $-1.2B | $-4.03 | N/A | N/A | N/A |
| 1 | 2021-12-31 | $1.3B | $-1.5B | $-3.78 | 110.9% | 23.7% | -6.2% |
| 2 | 2022-12-31 | $2.2B | $-1.4B | $-3.16 | 72.9% | -9.5% | -16.4% |
| 3 | 2023-12-31 | $3.7B | $-802.1M | $-1.73 | 63.6% | -41.8% | -45.3% |
| 4 | 2024-12-31 | $4.8B | $-507.3M | $-1.05 | 30.1% | -36.8% | -39.3% |
| 5 | TTM 2025-03-31 | $5.0B | $-398.6M | $-0.82 | 4.9% | -21.4% | -21.9% |
| 6 | Average | 56.5% | -17.2% | -25.8% |
EPS
Forecasts
Y/Y % Change
DKNG Year-over-Year Growth
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Average | |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth (%) | 110.9% | 72.9% | 63.6% | 30.1% | 26.9% | 21.3% | 54.3% | |
| Revenue Analysts (#) | 0 | 0 | 0 | 0 | 0 | 7 | 7 | |
| EPS Growth (%) | 23.7% | -9.5% | -41.8% | -36.8% | -210.9% | 78.8% | -32.8% | |
| EPS Analysts (#) | 0 | 0 | 0 | 0 | 0 | 3 | 3 |
Expenses
| Year | Revenue ($) | Cost of Revenue ($) | R&D ($) | Sales & Marketing ($) | G&A ($) | SG&A ($) | Facilities / D&A ($) |
|---|---|---|---|---|---|---|---|
| 2021 | $1.3B | $673.0M | $253.7M | $981.5M | $828.3M | $1.8B | $121.1M |
| 2022 | $2.2B | $1.3B | $318.2M | $1.2B | $763.7M | $1.9B | $169.3M |
| 2023 | $3.7B | $2.1B | $355.2M | $1.2B | $606.6M | $1.8B | $201.9M |
| 2024 | $4.8B | $2.7B | $397.1M | $1.3B | $764.1M | $2.0B | $270.9M |
| TTM | $5.4B | $3.0B | $427.3M | $1.3B | $754.9M | $2.0B | $291.5M |
| Year | Revenue Change (%) | Cost of Revenue Change (%) | R&D Change (%) | Sales & Marketing Change (%) | G&A Change (%) | SG&A Change (%) | Facilities / D&A Change (%) |
|---|---|---|---|---|---|---|---|
| 2022 | 72.87 | 95.39 | 25.46 | 20.83 | -7.80 | 7.73 | 39.72 |
| 2023 | 63.60 | 58.95 | 11.60 | 1.24 | -20.58 | -7.30 | 19.30 |
| 2024 | 30.07 | 28.20 | 11.81 | 5.35 | 25.97 | 12.27 | 34.14 |
| TTM | 13.46 | 11.35 | 7.61 | 1.62 | -1.21 | 0.55 | 7.61 |
No unmapped expenses.
Segment Performance
SEGMENTS v2025-09-09 · 2025-11-10 08:21 UTC — Units: $B. Rows list fiscal years (last 3 + TTM) with revenue and operating income for each segment; the final row shows the TTM revenue mix (operating income columns display “—” where mix is not applicable).
| Year | Sportsbook Rev | Sportsbook OI | I Gaming Rev | I Gaming OI | Product And Service Other Rev | Product And Service Other OI | Product And Service Other Interest Income Rev | Product And Service Other Interest Income OI | Product And Service Other Interest Income Recognized From Prior Period Rev | Product And Service Other Interest Income Recognized From Prior Period OI | Total Rev | Total OI |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 1.03B | 0.00B | 0.82B | 0.00B | 0.39B | 0.00B | – | – | – | – | 2.24B | 0.00B |
| 2023 | 2.11B | 0.00B | 1.22B | 0.00B | 0.34B | 0.00B | – | – | – | – | 3.67B | 0.00B |
| 2024 | 2.90B | 0.00B | 1.51B | 0.00B | 0.36B | 0.00B | – | – | – | – | 4.77B | 0.00B |
| TTM | 3.24B | 0.00B | 1.82B | 0.00B | 0.45B | 0.00B | 0.04B | 0.00B | 0.03B | 0.00B | 5.57B | 0.00B |
| % of Total (TTM) | 58.1% | — | 32.7% | — | 8.0% | — | 0.7% | — | 0.5% | — | 100% | — |
No segment data available for DKNG (axis 2).
Balance Sheet
| Metric | Value | |
|---|---|---|
| 0 | Total Assets | $4,474M |
| 1 | Cash | $1,262M |
| 2 | Total Liabilities | $3,465M |
| 3 | Total Debt | $1,910M |
| 4 | Total Equity | $1,010M |
| 5 | Debt to Equity Ratio | 1.89 |
EPS & Dividend
Valuation
| Share Price | Treasury Yield | Estimates | Fair Value (P/E) | Fair Value (P/S) | Current P/S |
|---|---|---|---|---|---|
| $40.51 | 4.4% | Nicks Growth: 20% Nick's Expected Margin: 10% FINVIZ Growth: N/A |
Nicks: 43 Finviz: 6 |
Nick's: 4.271 | 4.0 |
| Basis | Year | Nicks Valuation | Nicks vs Share Price |
|---|---|---|---|
| $10.08 RevPS | TTM | $43.04 | 6.2% |
| $1.40 EPS | 2025 | $59.79 | 47.6% |
| $1.89 EPS | 2026 | $80.72 | 99.3% |
Implied Growth
| Average | Median | Std Dev | Current | Percentile | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | |
| Timeframe | ||||||||||
| 1 Year | – | 25.95% | – | 26.64% | – | 1.82% | – | 22.32% | – | 4.6% |
| 3 Years | – | 25.95% | – | 26.64% | – | 1.82% | – | 22.32% | – | 4.6% |
| 5 Years | – | 25.95% | – | 26.64% | – | 1.82% | – | 22.32% | – | 4.6% |
| 10 Years | – | 25.95% | – | 26.64% | – | 1.82% | – | 22.32% | – | 4.6% |