DraftKings Inc. (DKNG)

DKNG Income Statement

Revenue, expenses, and profitability analysis

DKNG Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Gross Profit	2.629B	696.691M	914.687M	359.940M	657.948M	565.003M	558.128M	353.056M	441.027M
Revenue	6.292B	1.646B	1.989B	1.144B	1.513B	1.409B	1.393B	1.095B	1.104B
Cost of Goods Sold	3.663B	949.385M	1.075B	784.079M	854.559M	843.803M	834.644M	742.434M	663.414M
Gross Profit Margin	42.3%	42.3%	46.0%	31.5%	43.5%	40.1%	40.1%	32.2%	39.9%
Total Operating Expenses	2.593B	690.844M	762.927M	631.830M	507.304M	611.334M	697.307M	651.650M	473.415M
Research & Development	479.828M	123.176M	133.555M	114.680M	108.417M	103.260M	112.063M	103.581M	92.655M
Selling, General & Administrative	2.113B	567.668M	629.372M	517.150M	398.887M	508.074M	585.244M	548.069M	380.760M
Operating Income (EBIT)	36.361M	5.847M	151.760M	-271.890M	150.644M	-46.331M	-139.179M	-298.594M	-32.388M
Operating Margin	0.4%	0.4%	7.6%	-23.8%	10.0%	-3.3%	-10.0%	-27.3%	-2.9%
Income Before Tax (EBT)	74.887M	27.439M	146.575M	-268.853M	169.726M	-39.464M	-145.984M	-294.975M	-9.748M
Interest Income	12.305M	—	—	—	12.305M	9.489M	8.780M	9.200M	14.212M
Interest Expense	25.474M	-5.739M	—	19.573M	11.640M	5.094M	760K	872K	678K
Other Income/Expense	38.526M	21.592M	-5.185M	3.037M	19.082M	6.867M	-6.805M	3.619M	22.640M
Net Income	58.644M	21.070M	136.426M	-256.788M	157.936M	-33.864M	-134.851M	-293.688M	63.822M
Income Tax Expense	16.243M	6.369M	10.149M	-12.065M	11.790M	-5.600M	-11.133M	-1.287M	-73.570M
Net Profit Margin	1.3%	1.3%	6.9%	-22.4%	10.4%	-2.4%	-9.7%	-26.8%	5.8%
EBITDA	391.047M	77.508M	225.762M	-159.079M	246.856M	35.791M	-78.676M	-204.041M	52.792M
EBITDA Margin	4.7%	4.7%	11.3%	-13.9%	16.3%	2.5%	-5.6%	-18.6%	4.8%
Depreciation & Amortization	277.033M	71.661M	74.002M	66.071M	65.299M	70.116M	66.099M	89.952M	61.623M
EPS Basic	0.12	0.04	0.28	-0.52	0.32	-0.07	-0.28	-0.60	0.13
EPS Diluted	0.12	0.04	0.26	-0.48	0.30	-0.07	-0.28	-0.60	0.13
Shares Outstanding	487.236M	487.236M	487.236M	496.517M	496.517M	493.300M	488.000M	486.200M	479.307M
Diluted Shares Outstanding	532.000M	532.000M	532.000M	529.500M	529.500M	493.300M	488.000M	486.200M	479.307M

DKNG Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Gross Profit	2.498B	1.817B	1.373B	756.188M	501.863M	267.943M	219.521M	177.588M
Revenue	6.055B	4.768B	3.665B	2.240B	1.296B	614.532M	323.410M	226.277M
Cost of Goods Sold	3.557B	2.951B	2.292B	1.484B	794.162M	346.589M	103.889M	48.689M
Gross Profit Margin	41.3%	38.1%	37.5%	33.8%	38.7%	43.6%	67.9%	78.5%
Total Operating Expenses	2.513B	2.426B	2.162B	2.268B	2.063B	1.111B	366.066M	254.369M
Research & Development	459.912M	397.114M	355.156M	318.247M	253.655M	168.633M	55.929M	32.885M
Selling, General & Administrative	2.053B	2.029B	1.807B	1.950B	1.810B	942.566M	310.137M	221.484M
Operating Income (EBIT)	-15.817M	-608.999M	-789.225M	-1.512B	-1.562B	-843.256M	-146.545M	-76.781M
Operating Margin	-0.3%	-12.8%	-21.5%	-67.5%	-120.5%	-137.2%	-45.3%	-33.9%
Income Before Tax (EBT)	7.984M	-593.626M	-791.972M	-1.446B	-1.515B	-1.232B	-142.676M	-76.115M
Interest Income	—	47.259M	58.418M	21.353M	4.066M	—	1.348M	666K
Interest Expense	19.941M	2.959M	2.679M	2.651M	2.109M	1.070M	—	—
Other Income/Expense	23.801M	15.373M	-2.747M	65.903M	46.691M	-389.201M	3.869M	666K
Net Income	3.710M	-507.285M	-802.142M	-1.378B	-1.523B	-1.232B	-142.734M	-76.220M
Income Tax Expense	4.274M	-86.341M	10.170M	-67.866M	8.269M	-622K	58K	105K
Net Profit Margin	0.1%	-10.6%	-21.9%	-61.5%	-117.5%	-200.5%	-44.1%	-33.7%
EBITDA	259.671M	-319.345M	-586.654M	-1.271B	-1.394B	-765.846M	-132.909M	-69.282M
EBITDA Margin	4.3%	-6.7%	-16.0%	-56.7%	-107.6%	-124.6%	-41.1%	-30.6%
Depreciation & Amortization	275.488M	270.854M	201.920M	169.252M	121.138M	77.410M	13.636M	7.499M
EPS Basic	-0.01	-1.05	-1.73	-3.15	-3.79	-4.03	-0.77	-0.41
EPS Diluted	-0.01	-1.05	-1.73	-3.15	-3.79	-4.03	-0.77	-0.41
Shares Outstanding	371.000M	481.954M	462.599M	436.513M	402.492M	305.593M	184.603M	184.603M
Diluted Shares Outstanding	495.900M	481.954M	462.599M	436.513M	402.492M	305.593M	184.603M	184.603M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About DraftKings Inc.

DraftKings Inc. operates as a leading digital enterprise specializing in sports entertainment and gaming. The company provides sophisticated multi-channel sports betting and gaming technology solutions to operators across 17 countries, facilitating diverse entertainment experiences. Directly, DraftKings manages its own iGaming services under the DraftKings brand in five U.S. states, and separately operates Golden Nugget Online Gaming, another iGaming offering, in three states. Its Sportsbook platform is accessible for both mobile and physical wagers in 18 U.S. states, all in compliance with local regulations. Beyond traditional betting, DraftKings offers its daily fantasy sports product globally in six countries, spanning 15 different sports disciplines. Further diversifying its portfolio, the company has established DraftKings Marketplace, a user-friendly digital collectibles platform featuring curated NFT releases and supporting secondary trading. It also possesses Vegas Sports Information Network (VSiN), a multi-platform content and broadcasting entity. Established in 2011, DraftKings Inc. maintains its headquarters in Boston, Massachusetts.

Boston, MA

5,100 employees

www.draftkings.com

Consumer Cyclical / Gambling, Resorts & Casinos

Sector: Consumer Cyclical
Industry: Gambling, Resorts & Casinos
CEO: Jason D. Robins

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