DraftKings Inc. — DKNG
| Close Price | Market Cap | P/E Ratio | Forward P/E Ratio | Implied Growth* | Implied Forward Growth* | Dividend | P/B Ratio |
|---|---|---|---|---|---|---|---|
| $46.37 | $23.02B | - | 81.4 | N/A | 27.4% | - | 22.8 |
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 | $-0.82 | 4.9% | -21.4% | -21.9% |
| 6 | Average | 56.5% | -17.2% | -25.8% |
EPS
Forecasts
Y/Y % Change
DKNG Year-over-Year Growth
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Average | |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth (%) | 110.9% | 72.9% | 63.6% | 30.1% | 33.4% | 17.0% | 54.6% | |
| Revenue Analysts (#) | 0 | 0 | 0 | 0 | 0 | 8 | 8 | |
| EPS Growth (%) | 23.7% | -9.5% | -41.8% | -36.8% | -230.2% | 57.9% | -39.4% | |
| EPS Analysts (#) | 0 | 0 | 0 | 0 | 0 | 4 | 4 |
Expenses
| Year | Revenue ($) | 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 · 2025-09-05 14:58 UTC — Values are shown in a single scale for this table: $B. TTM values are bold. “% of Total (TTM)” shows revenue mix.
| Segment | 2022 Rev ($B) | 2022 OI ($B) | 2023 Rev ($B) | 2023 OI ($B) | 2024 Rev ($B) | 2024 OI ($B) | TTM Rev ($B) | TTM OI ($B) | % of Total (TTM) |
|---|---|---|---|---|---|---|---|---|---|
| Sportsbook | 1.03B | 0.00B | 2.11B | 0.00B | 2.90B | 0.00B | 3.67B | 0.00B | 63.1% |
| I Gaming | 0.82B | 0.00B | 1.22B | 0.00B | 1.51B | 0.00B | 1.72B | 0.00B | 29.6% |
| Product And Service Other | 0.39B | 0.00B | 0.34B | 0.00B | 0.36B | 0.00B | 0.43B | 0.00B | 7.3% |
No segment data available for DKNG (axis 2).
Balance Sheet
| Metric | Value | |
|---|---|---|
| 0 | Total Assets | $4,516M |
| 1 | Cash | $1,120M |
| 2 | Total Liabilities | $3,643M |
| 3 | Total Debt | $1,919M |
| 4 | Total Equity | $873M |
| 5 | Debt to Equity Ratio | 2.20 |
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 | – | 27.06% | – | 27.07% | – | 0.55% | – | 27.77% | – | 84.5% |
| 3 Years | – | 27.06% | – | 27.07% | – | 0.55% | – | 27.77% | – | 84.5% |
| 5 Years | – | 27.06% | – | 27.07% | – | 0.55% | – | 27.77% | – | 84.5% |
| 10 Years | – | 27.06% | – | 27.07% | – | 0.55% | – | 27.77% | – | 84.5% |