Symbols / DKNG
DKNG Chart
About
DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally. The company offers online and retail sports betting, daily fantasy sports, digital lottery couriers, prediction markets, and other products, as well as retails sportsbooks. It also provides iGaming, or online casino products, which includes blackjack, roulette, baccarat and slot machines. In addition, the company engages in the design and development of sports betting and casino gaming software for online and retail sportsbooks, and iGaming operators. DraftKings Inc. is headquartered in Boston, Massachusetts.
Fundamentals
Scroll to Statements| Sector | Consumer Cyclical | Industry | Gambling | Market Cap | 11.24B |
| Enterprise Value | 11.49B | Income | 3.71M | Sales | 6.05B |
| Book/sh | 1.28 | Cash/sh | 2.29 | Dividend Yield | — |
| Payout | 0.00% | Employees | 5500 | IPO | — |
| P/E | — | Forward P/E | 11.70 | PEG | — |
| P/S | 1.86 | P/B | 17.70 | P/C | — |
| EV/EBITDA | 42.10 | EV/Sales | 1.90 | Quick Ratio | 0.70 |
| Current Ratio | 1.03 | Debt/Eq | 299.28 | LT Debt/Eq | — |
| EPS (ttm) | -0.01 | EPS next Y | 1.93 | EPS Growth | — |
| Revenue Growth | 42.80% | Earnings | 2026-05-07 | ROA | -0.04% |
| ROE | 0.45% | ROIC | — | Gross Margin | 76.11% |
| Oper. Margin | 8.29% | Profit Margin | 0.06% | Shs Outstand | 492.99M |
| Shs Float | 479.49M | Short Float | 7.45% | Short Ratio | 2.74 |
| Short Interest | — | 52W High | 53.50 | 52W Low | 21.01 |
| Beta | 1.65 | Avg Volume | 13.65M | Volume | 25.16M |
| Target Price | $37.59 | Recom | Buy | Prev Close | $21.76 |
| Price | $22.59 | Change | 3.81% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$37.59
Mean price target
2. Current target
$22.59
Latest analyst target
3. DCF / Fair value
$22.12
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$22.59
Low
$24.00
High
$76.00
Mean
$37.59
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-02-17 | main | JP Morgan | Overweight → Overweight | $32 |
| 2026-02-17 | main | Goldman Sachs | Buy → Buy | $31 |
| 2026-02-17 | main | Stifel | Buy → Buy | $40 |
| 2026-02-17 | main | Citigroup | Buy → Buy | $32 |
| 2026-02-17 | main | Truist Securities | Buy → Buy | $33 |
| 2026-02-17 | main | Barclays | Overweight → Overweight | $37 |
| 2026-02-17 | main | Mizuho | Outperform → Outperform | $44 |
| 2026-02-17 | main | Macquarie | Outperform → Outperform | $40 |
| 2026-02-17 | main | Oppenheimer | Outperform → Outperform | $35 |
| 2026-02-17 | main | Needham | Buy → Buy | $35 |
| 2026-02-13 | main | Canaccord Genuity | Buy → Buy | $44 |
| 2026-02-13 | main | BTIG | Buy → Buy | $37 |
| 2026-02-13 | main | Benchmark | Buy → Buy | $29 |
| 2026-02-13 | main | B of A Securities | Neutral → Neutral | $30 |
| 2026-02-03 | main | Canaccord Genuity | Buy → Buy | $50 |
| 2026-01-30 | main | Stifel | Buy → Buy | $44 |
| 2026-01-29 | main | Guggenheim | Buy → Buy | $42 |
| 2026-01-16 | main | Morgan Stanley | Overweight → Overweight | $53 |
| 2026-01-15 | up | Wells Fargo | Equal-Weight → Overweight | $49 |
| 2025-12-22 | main | Truist Securities | Buy → Buy | $43 |
- Meridian Hedged Equity Fund Remains Confident in DraftKings’ (DKNG) Earnings Outlook - Yahoo Finance ue, 17 Feb 2026 16
- Oppenheimer Issues Pessimistic Forecast for DraftKings (NASDAQ:DKNG) Stock Price - MarketBeat ue, 17 Feb 2026 13
- DKNG: JP Morgan Lowers Price Target for DraftKings | DKNG Stock News - GuruFocus ue, 17 Feb 2026 20
- DraftKings Tanks On Q4 Results; Cathie Wood Unloads More Shares - Investor's Business Daily Fri, 13 Feb 2026 21
- DraftKings slides after softer-than-expected revenue guidance (DKNG:NASDAQ) - Seeking Alpha hu, 12 Feb 2026 21
- DraftKings Stock (DKNG) Plunge ‘Should Be at an End’: Analysts Weigh Earnings Rout - TipRanks Mon, 16 Feb 2026 10
- Stocks making the biggest moves after hours: Rivian, Applied Materials, Airbnb, Pinterest, DraftKings & more - CNBC hu, 12 Feb 2026 22
- Stifel cuts DraftKings stock price target to $40 on promo costs - Investing.com ue, 17 Feb 2026 17
- DraftKings Stock Is Oversold on Earnings Plunge. Should You Buy the Dip? - Barchart.com ue, 17 Feb 2026 15
- DraftKings (DKNG) Is Down 20.1% After First Full-Year Profit And New Crypto.com Deal - Has The Bull Case Changed? - simplywall.st ue, 17 Feb 2026 01
- Why DraftKings (DKNG) Shares Are Falling Today - Yahoo Finance Fri, 13 Feb 2026 16
- Truist Financial Lowers DraftKings (NASDAQ:DKNG) Price Target to $33.00 - MarketBeat ue, 17 Feb 2026 16
- Barclays Lowers DraftKings (DKNG) Price Target, Maintains Overwe - GuruFocus ue, 17 Feb 2026 17
- DKNG Earnings: DraftKings Stock Crashes 15% as Financial Results Miss Targets - TipRanks Fri, 13 Feb 2026 00
- DraftKings Stock: Growth Is Slowing, Not Stopping (NASDAQ:DKNG) - Seeking Alpha Mon, 16 Feb 2026 13
Insider Transactions
| Date | Shares | Url | Text | Insider | Position | Transaction | Start Date | Ownership | Value |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 668 | — | — | MOORE RYAN R | Director | — | 2026-02-10 00:00:00 | D | nan |
| 1 | 460 | — | — | LEVIN WOODROW | Director | — | 2026-02-10 00:00:00 | D | nan |
| 2 | 553 | — | — | MOSLEY VALERIE A | Director | — | 2026-02-10 00:00:00 | D | nan |
| 3 | 691 | — | — | WALDEN MARNI M | Director | — | 2026-02-10 00:00:00 | D | nan |
| 4 | 760 | — | — | MURRAY STEVEN JOSEPH | Director | — | 2026-02-10 00:00:00 | D | nan |
| 5 | 622 | — | — | MOORE JOCELYN | Director | — | 2026-02-10 00:00:00 | D | nan |
| 6 | 345 | — | — | WENDT GREGORY WESTIN | Director | — | 2026-02-10 00:00:00 | D | nan |
| 7 | 507 | — | — | SLOAN HARRY EVANS | Director | — | 2026-02-10 00:00:00 | D | nan |
| 8 | 28309 | — | — | KALISH MATTHEW | Officer and Director | — | 2026-02-09 00:00:00 | D | nan |
| 9 | 28309 | — | — | LIBERMAN PAUL | Officer and Director | — | 2026-02-09 00:00:00 | D | nan |
Financials
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | 996.87K | -719.80K | -12.08M | 1.38M |
| TaxRateForCalcs | 0.21 | 0.15 | 0.21 | 0.05 |
| NormalizedEBITDA | 254.92M | -333.20M | -529.76M | -1.30B |
| TotalUnusualItems | 4.75M | -4.95M | -57.54M | 29.40M |
| TotalUnusualItemsExcludingGoodwill | 4.75M | -4.95M | -57.54M | 29.40M |
| NetIncomeFromContinuingOperationNetMinorityInterest | 3.71M | -507.29M | -802.14M | -1.38B |
| ReconciledDepreciation | 275.49M | 270.85M | 201.92M | 169.25M |
| ReconciledCostOfRevenue | 3.56B | 2.95B | 2.29B | 1.48B |
| EBITDA | 259.67M | -338.14M | -587.30M | -1.27B |
| EBIT | -15.82M | -609.00M | -789.23M | -1.44B |
| NetInterestIncome | -19.94M | 44.30M | 55.74M | 18.70M |
| InterestExpense | 2.96M | 2.68M | 2.65M | 2.11M |
| InterestIncome | 47.26M | 58.42M | 21.35M | 4.07M |
| NormalizedIncome | -40.13K | -503.06M | -756.68M | -1.41B |
| NetIncomeFromContinuingAndDiscontinuedOperation | 3.71M | -507.29M | -802.14M | -1.38B |
| TotalExpenses | 6.07B | 5.38B | 4.45B | 3.75B |
| TotalOperatingIncomeAsReported | -15.82M | -609.00M | -789.23M | -1.51B |
| DilutedAverageShares | 495.90M | 481.95M | 462.60M | 436.07M |
| BasicAverageShares | 495.90M | 481.95M | 462.60M | 436.07M |
| DilutedEPS | 0.01 | -1.05 | -1.73 | -3.16 |
| BasicEPS | 0.01 | -1.05 | -1.73 | -3.16 |
| DilutedNIAvailtoComStockholders | -4.03M | -507.29M | -802.14M | -1.38B |
| NetIncomeCommonStockholders | -4.03M | -507.29M | -802.14M | -1.38B |
| OtherunderPreferredStockDividend | 7.74M | 0.00 | 0.00 | |
| NetIncome | 3.71M | -507.29M | -802.14M | -1.38B |
| NetIncomeIncludingNoncontrollingInterests | 3.71M | -507.29M | -802.14M | -1.38B |
| NetIncomeContinuousOperations | 3.71M | -507.29M | -802.14M | -1.38B |
| EarningsFromEquityInterestNetOfTax | 971.00K | -468.00K | -719.00K | -2.90M |
| TaxProvision | 4.27M | -86.34M | 10.17M | -67.87M |
| PretaxIncome | 7.01M | -593.16M | -791.25M | -1.44B |
| OtherIncomeExpense | 42.77M | -28.46M | -57.77M | 50.10M |
| OtherNonOperatingIncomeExpenses | 38.02M | -23.51M | -224.00K | 20.70M |
| GainOnSaleOfSecurity | 4.75M | -4.95M | -57.54M | 29.40M |
| NetNonOperatingInterestIncomeExpense | -19.94M | 44.30M | 55.74M | 18.70M |
| TotalOtherFinanceCost | 19.94M | -44.30M | -55.74M | -18.70M |
| InterestExpenseNonOperating | 2.96M | 2.68M | 2.65M | 2.11M |
| InterestIncomeNonOperating | 47.26M | 58.42M | 21.35M | 4.07M |
| OperatingIncome | -15.82M | -609.00M | -789.23M | -1.51B |
| OperatingExpense | 2.51B | 2.43B | 2.16B | 2.27B |
| ResearchAndDevelopment | 459.91M | 397.11M | 355.16M | 318.25M |
| SellingGeneralAndAdministration | 2.05B | 2.03B | 1.81B | 1.95B |
| SellingAndMarketingExpense | 1.38B | 1.26B | 1.20B | 1.19B |
| GeneralAndAdministrativeExpense | 673.60M | 764.10M | 606.57M | 763.72M |
| OtherGandA | 673.60M | 764.10M | 606.57M | 763.72M |
| GrossProfit | 2.50B | 1.82B | 1.37B | 756.19M |
| CostOfRevenue | 3.56B | 2.95B | 2.29B | 1.48B |
| TotalRevenue | 6.05B | 4.77B | 3.67B | 2.24B |
| OperatingRevenue | 5.63B | 4.41B | 3.32B | 1.85B |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TreasurySharesNumber | 15.65M | 11.90M | 8.69M | 7.13M |
| OrdinarySharesNumber | 497.77M | 489.07M | 472.70M | 450.57M |
| ShareIssued | 497.77M | 504.72M | 484.60M | 459.26M |
| NetDebt | 708.10M | 468.14M | ||
| TotalDebt | 1.89B | 1.34B | 1.35B | 1.32B |
| TangibleBookValue | -1.86B | -1.48B | -736.69M | -340.61M |
| InvestedCapital | 2.47B | 2.27B | 2.09B | 2.57B |
| WorkingCapital | 59.54M | -121.23M | 521.75M | 838.38M |
| NetTangibleAssets | -1.86B | -1.48B | -736.69M | -340.61M |
| CapitalLeaseObligations | 54.19M | 78.65M | 92.33M | 73.58M |
| CommonStockEquity | 631.46M | 1.01B | 840.31M | 1.32B |
| TotalCapitalization | 2.47B | 2.27B | 2.09B | 2.57B |
| TotalEquityGrossMinorityInterest | 631.46M | 1.01B | 840.31M | 1.32B |
| StockholdersEquity | 631.46M | 1.01B | 840.31M | 1.32B |
| GainsLossesNotAffectingRetainedEarnings | 36.49M | 36.49M | 36.49M | 36.49M |
| OtherEquityAdjustments | 36.49M | 36.49M | 36.49M | 36.49M |
| TreasuryStock | 1.39B | 563.15M | 412.18M | 332.13M |
| RetainedEarnings | -6.44B | -6.44B | -5.93B | -5.13B |
| AdditionalPaidInCapital | 8.42B | 7.98B | 7.15B | 6.75B |
| CapitalStock | 91.00K | 87.00K | 85.00K | 84.00K |
| CommonStock | 91.00K | 87.00K | 85.00K | 84.00K |
| TotalLiabilitiesNetMinorityInterest | 3.90B | 3.27B | 3.10B | 2.72B |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 2.14B | 1.62B | 1.55B | 1.47B |
| OtherNonCurrentLiabilities | 172.20M | 195.61M | 83.97M | 70.03M |
| DerivativeProductLiabilities | 0.00 | 22.03M | 63.57M | 10.68M |
| TradeandOtherPayablesNonCurrent | 91.62M | 76.38M | 72.81M | 69.86M |
| LongTermDebtAndCapitalLeaseObligation | 1.88B | 1.32B | 1.33B | 1.32B |
| LongTermCapitalLeaseObligation | 44.39M | 67.66M | 80.83M | 69.33M |
| LongTermDebt | 1.84B | 1.26B | 1.25B | 1.25B |
| CurrentLiabilities | 1.76B | 1.65B | 1.55B | 1.25B |
| OtherCurrentLiabilities | 960.24M | 982.75M | 898.52M | 724.62M |
| CurrentDeferredLiabilities | 56.43M | 46.39M | 43.63M | 40.52M |
| CurrentDeferredRevenue | 56.43M | 46.39M | 43.63M | 40.52M |
| CurrentDebtAndCapitalLeaseObligation | 9.79M | 10.99M | 11.50M | 4.25M |
| CurrentCapitalLeaseObligation | 9.79M | 10.99M | 11.50M | 4.25M |
| PensionandOtherPostRetirementBenefitPlansCurrent | 101.85M | 87.19M | 94.83M | 78.82M |
| PayablesAndAccruedExpenses | 627.16M | 527.66M | 501.13M | 398.25M |
| CurrentAccruedExpenses | 388.10M | 343.60M | 350.51M | 317.21M |
| Payables | 239.06M | 184.06M | 150.63M | 81.04M |
| TotalTaxPayable | 171.20M | 130.40M | 116.50M | 70.89M |
| AccountsPayable | 67.86M | 53.66M | 34.13M | 10.15M |
| TotalAssets | 4.53B | 4.28B | 3.94B | 4.04B |
| TotalNonCurrentAssets | 2.72B | 2.75B | 1.87B | 1.96B |
| OtherNonCurrentAssets | 109.10M | 123.06M | 131.55M | 155.87M |
| NonCurrentPrepaidAssets | 45.38M | |||
| InvestmentsAndAdvances | 18.94M | 13.20M | 10.28M | 10.08M |
| LongTermEquityInvestment | 18.94M | 13.20M | 10.28M | 10.08M |
| GoodwillAndOtherIntangibleAssets | 2.49B | 2.49B | 1.58B | 1.66B |
| OtherIntangibleAssets | 889.20M | 933.12M | 690.62M | 776.93M |
| Goodwill | 1.60B | 1.56B | 886.37M | 886.37M |
| NetPPE | 100.89M | 125.47M | 154.68M | 126.06M |
| AccumulatedDepreciation | -104.80M | -88.37M | -75.45M | -55.60M |
| GrossPPE | 205.69M | 213.83M | 230.13M | 181.66M |
| Leases | 61.52M | 56.35M | 57.31M | 43.05M |
| OtherProperties | 49.81M | 74.92M | 93.98M | 65.96M |
| MachineryFurnitureEquipment | 94.36M | 82.57M | 78.84M | 72.66M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| CurrentAssets | 1.82B | 1.53B | 2.07B | 2.08B |
| OtherCurrentAssets | 104.84M | 145.73M | 98.56M | 94.84M |
| RestrictedCash | 477.05M | 541.91M | 352.99M | 469.65M |
| PrepaidAssets | 25.68M | |||
| Receivables | 105.58M | 57.84M | 349.31M | 211.18M |
| AccountsReceivable | 105.58M | 57.84M | 349.31M | 211.18M |
| CashCashEquivalentsAndShortTermInvestments | 1.13B | 788.29M | 1.27B | 1.31B |
| CashAndCashEquivalents | 1.13B | 788.29M | 1.27B | 1.31B |
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| FreeCashFlow | 508.39M | 296.91M | -115.14M | -729.16M |
| RepurchaseOfCapitalStock | -829.29M | -150.96M | -80.05M | -25.52M |
| RepaymentOfDebt | -4.50M | 0.00 | 0.00 | 0.00 |
| IssuanceOfDebt | 588.12M | 0.00 | 0.00 | 0.00 |
| IssuanceOfCapitalStock | 15.24M | 0.00 | 0.00 | 0.00 |
| CapitalExpenditure | -154.46M | -120.86M | -113.39M | -103.64M |
| InterestPaidSupplementalData | 27.88M | 0.00 | 0.00 | 0.00 |
| IncomeTaxPaidSupplementalData | 8.24M | 5.27M | 8.34M | 10.37M |
| EndCashPosition | 1.60B | 1.33B | 1.62B | 1.78B |
| BeginningCashPosition | 1.33B | 1.62B | 1.78B | 2.63B |
| EffectOfExchangeRateChanges | 0.00 | 0.00 | 583.00K | |
| ChangesInCash | 274.40M | -293.30M | -155.33M | -851.02M |
| FinancingCashFlow | -222.46M | -144.47M | -63.22M | -16.73M |
| CashFlowFromContinuingFinancingActivities | -222.46M | -144.47M | -63.22M | -16.73M |
| NetOtherFinancingCharges | -2.60M | -2.67M | 416.00K | |
| ProceedsFromStockOptionExercised | 10.57M | 9.16M | 16.83M | 8.79M |
| NetPreferredStockIssuance | 0.00 | |||
| PreferredStockPayments | 0.00 | |||
| PreferredStockIssuance | 0.00 | |||
| NetCommonStockIssuance | -814.04M | -150.96M | -80.05M | -25.52M |
| CommonStockPayments | -829.29M | -150.96M | -80.05M | -25.52M |
| CommonStockIssuance | 15.24M | 0.00 | 0.00 | 0.00 |
| NetIssuancePaymentsOfDebt | 583.62M | 0.00 | 0.00 | 0.00 |
| NetShortTermDebtIssuance | 0.00 | 0.00 | 0.00 | |
| ShortTermDebtPayments | 0.00 | 0.00 | ||
| ShortTermDebtIssuance | 0.00 | 0.00 | 0.00 | |
| NetLongTermDebtIssuance | 583.62M | 0.00 | 0.00 | 0.00 |
| LongTermDebtPayments | -4.50M | 0.00 | 0.00 | 0.00 |
| LongTermDebtIssuance | 588.12M | 0.00 | 0.00 | 0.00 |
| InvestingCashFlow | -166.00M | -566.60M | -90.36M | -208.77M |
| CashFlowFromContinuingInvestingActivities | -166.00M | -566.60M | -90.36M | -208.77M |
| NetOtherInvestingChanges | 4.85M | -4.26M | -1.40M | -8.61M |
| NetInvestmentPurchaseAndSale | 0.00 | 0.00 | 24.43M | 0.00 |
| SaleOfInvestment | 0.00 | 0.00 | 24.43M | 0.00 |
| PurchaseOfInvestment | 0.00 | -25.00M | ||
| NetBusinessPurchaseAndSale | -16.38M | -441.49M | 0.00 | -96.51M |
| PurchaseOfBusiness | -16.38M | -441.49M | 0.00 | -96.51M |
| NetIntangiblesPurchaseAndSale | -139.11M | -110.68M | -92.48M | -71.24M |
| PurchaseOfIntangibles | -139.11M | -110.68M | -92.48M | -71.24M |
| NetPPEPurchaseAndSale | -15.35M | -10.18M | -20.90M | -32.40M |
| PurchaseOfPPE | -15.35M | -10.18M | -20.90M | -32.40M |
| OperatingCashFlow | 662.86M | 417.77M | -1.75M | -625.52M |
| CashFlowFromContinuingOperatingActivities | 662.86M | 417.77M | -1.75M | -625.52M |
| ChangeInWorkingCapital | 97.35M | 335.08M | 134.88M | 121.72M |
| ChangeInOtherWorkingCapital | 130.00K | 6.56M | 1.30M | -1.06M |
| ChangeInOtherCurrentLiabilities | -38.60M | 135.95M | 176.81M | 168.37M |
| ChangeInPayablesAndAccruedExpense | 147.43M | -14.63M | 106.55M | 86.00M |
| ChangeInPayable | 147.43M | -14.63M | 106.55M | 86.00M |
| ChangeInAccountPayable | 132.18M | -18.20M | 103.59M | 95.27M |
| ChangeInTaxPayable | 15.24M | 3.56M | 2.95M | -9.27M |
| ChangeInIncomeTaxPayable | 15.24M | 3.56M | 2.95M | -9.27M |
| ChangeInPrepaidAssets | -14.47M | -24.57M | -16.90M | -31.14M |
| ChangeInReceivables | 2.99M | 238.20M | -138.13M | -102.81M |
| ChangesInAccountReceivables | -57.70M | -10.12M | 3.56M | 2.51M |
| OtherNonCashItems | -33.47M | 6.26M | 940.00K | -6.40M |
| StockBasedCompensation | 339.31M | 381.37M | 398.46M | 578.80M |
| DeferredTax | -18.23M | -92.73M | 5.85M | -73.41M |
| DeferredIncomeTax | -18.23M | -92.73M | 5.85M | -73.41M |
| DepreciationAmortizationDepletion | 275.49M | 270.85M | 201.92M | 169.25M |
| DepreciationAndAmortization | 275.49M | 270.85M | 201.92M | 169.25M |
| AmortizationCashFlow | 180.90M | |||
| AmortizationOfIntangibles | 180.90M | |||
| Depreciation | 20.40M | |||
| OperatingGainsLosses | -1.31M | 24.22M | 58.34M | -37.50M |
| EarningsLossesFromEquityInvestments | -971.00K | 468.00K | 719.00K | 2.90M |
| GainLossOnInvestmentSecurities | -341.00K | 17.89M | 57.62M | -40.40M |
| GainLossOnSaleOfBusiness | 0.00 | 5.87M | 0.00 | 0.00 |
| NetIncomeFromContinuingOperations | 3.71M | -507.29M | -802.14M | -1.38B |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for DKNG
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|