DraftKingsDKNGRevenue: is the business selling more than it used to?
$6.1B+27% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Revenue reached $6.1B in 2025, compounding +39% a year since 2022 though the pace has cooled. The last twelve months (+15%) ran below that pace, so growth is slowing. The trailing twelve months are already running at $6.2B, ahead of the last full year.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
DraftKingsDKNGNet income: how much of that revenue becomes profit?
$4MFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Net income was $4M in 2025, against $-507M the year before. Trailing twelve-month profit stands at $-167M.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
DraftKingsDKNGHow fast is it growing, year by year?
+27.0%revenue growth, FY 2025
→Revenue grew +27% in 2025 against a five-year average of +61%.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
DraftKingsDKNGRevenue per share: is your slice growing as fast as the company?
$12.21revenue per share, FY 2025
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→Revenue per share reached $12.21 in 2025, compounding +33% a year against +39% for DKNG as a whole. Dilution absorbed about 5.8 points of that growth. Free cash flow per share stands at $1.31.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
DraftKingsDKNGFree cash flow: what is left in real cash after everything?
$648M+59% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Free cash flow was $648M in 2025. That is the most cash the business has ever thrown off in a year.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
DraftKingsDKNGHow much of every sales dollar ends up as free cash?
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→11 cents of every sales dollar became free cash in 2025, up 40 points since 2022 - the best conversion in its filed history.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
DraftKingsDKNGWhat does staying competitive cost, per dollar of sales?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→The biggest claim on each sales dollar is stock compensation, at 6% of revenue (capital spending 0%). That share has fallen since 2022, so the cost of competing is easing.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
DraftKingsDKNGMargins: of every $1 of sales, how much survives each cost layer?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→Operating margin widened 67 points to -0% since 2022. After everything, 0 cents of each sales dollar reaches net profit. DKNG doesn't tag a gross-profit line in its filings, so the chart starts at operating margin.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
DraftKingsDKNGWhat does it earn on the money it uses?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→ROE of -29% and ROCE of -1% sit close together, so the returns come from the business itself rather than from borrowing.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
DraftKingsDKNGWhat has the market paid for DKNG over time?
1.9xP/S today
◌ 2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages
→At 1.9x sales, the market is paying 52% less than DKNG's own 6-year median of 4.0x. Pessimism is priced in - the question is whether it is deserved.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
DraftKingsDKNGWhat cash return does the business throw off per dollar of market value?
5.5%FCF yield today
◌ 2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages
→Every dollar of market value currently buys 5.5% of annual free cash flow, less than its 6-year median of -0.2% - you are paying up for the same cash.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
DraftKingsDKNGCould it handle its debt if things went wrong?
→Debt isn't clearly tagged in DKNG's filings, so treat the balance sheet with extra care rather than assuming zero.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
DraftKingsDKNGIs the company's own capital growing?
→The company's own capital shrank from $840M in 2023 to $569M (-32%). Buybacks or losses are drawing the buffer down - the distinction matters.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
DraftKingsDKNGHow much goes back, and how much leaks out as stock comp?
→Shareholders received $572M in buybacks in 2025. Stock compensation issued $339M of new shares in the same year, offsetting 59% of that.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
DraftKingsDKNGHow fast is your ownership being diluted - or concentrated?
→The share count grew 2.9% in 2025, averaging 4.4% a year over three years. Your slice of the company shrinks by that much each year unless earnings grow faster.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
DraftKingsDKNGDoes DKNG earn more on its capital than that capital costs?
→DKNG's return on capital is negative at -0.6% in 2025. The capital in the business is not yet earning anything back.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
DraftKingsDKNGDKNG has issued or retired shares - did shareholders end up better off?
→DKNG issued +62% more shares from 2020 to 2025, but revenue per share still rose +507%. The dilution bought more growth than it cost existing holders.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
DraftKingsDKNGAre the people running it buying or selling?
→Insiders sold $3M on the open market and bought nothing. Many sales are pre-scheduled diversification rather than a view on the price. A further 57 filings were grants, option exercises or tax withholding, which say nothing either way.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30