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DraftKings Inc. (DKNG) Stock: Price, Forecast & Analyst Target

DraftKings Inc. (DKNG) — MoonshotScore 26/100 (Weak band), calculated Oct 4, 2026. Price $18.59 (-3.93%), as of the Oct 2, 2026 trading session; market cap $9.23B.

Educational signal · not a buy or sell recommendation · How to read this

$18.59 −$0.76 (-3.93%) Market Cap $9.23B

DraftKings Inc. · DKNG · NASDAQ · Consumer Cyclical · Gambling, Resorts & Casinos

Research dated 2026-09-13: DraftKings sells digital wagering and gaming access through its Sportsbook, iGaming brands and daily fantasy products, while also supplying gaming technology to operators abroad. Revenue has expanded sharply over time, but quarterly profitability remains unstable; the case depends on whether the digital scale already built can produce durable earnings and cash generation.

Price as of Oct 2, 2026

Key Statistics

26 of 100

MoonshotScore v2 · DraftKings (DKNG)

Weak
Business Quality Average (40)
Financial Safety Fragile (10)
Valuation Rich (24)
Growth Durability Compounding (89)
Momentum Slipping (25)
Why this rating? Method, drivers & history

Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.

  • Business Quality — Is this a genuinely good business?
  • Financial Safety — Could this blow up on me?
  • Valuation — Am I paying a fair price?
  • Growth Durability — Is the growth real and likely to last?
  • Momentum — Is the market already moving on this?
The ten-second read ·

Elite growth, but a fragile balance sheet and an expensive valuation, and the price trend has turned against it. Business Quality: Average; Financial Safety: Fragile; Valuation: Rich; Growth Durability: Compounding; Momentum: Slipping.

  • quarterly revenue $1.44B (Q2 FY2026, quarter ended Jun 2026)
  • EPS beat 2 of 8
  • Altman Z 0.73 · Piotroski F 5

Holding back: balance-sheet strain, a rich price, weak price trend

Helping: durable growth

What has the MoonshotScore done over time?

MoonshotScore snapshots recorded for DKNG (29 recorded, newest six shown)
RecordedScoreBand
28Weak
28Weak
28Weak
28Weak
26Weak
26Weak

The score was 26 in the stored Oct 3, 2026 snapshot and remains 26 in the current publication computed Oct 4, 2026 (0); the largest pillar moves were Growth Durability -1; the pillar moves offset under the sector-relative weighting, so the headline score is unchanged.

Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.

Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →

Price & valuation

Dates shown where recorded
MeasureValueAs of
Latest provided price$18.59
Change on the day-3.93%
52-week range$18.52–$36.98
Market capitalisation$9.23B
Price / earnings (trailing)203.80
Shares traded on the day17.78M
Beta (volatility vs the S&P 500)1.63

Price & events

Weekly closing price with reported quarters marked Weekly closing price from Sep 5, 2025 to Oct 2, 2026: low $19, high $47, latest $19. $47 $19 high $47 Sep 5, 2025 Oct 2, 2026 · $19 $47Sep 5, 2025$43Sep 19, 2025$35Oct 3, 2025$34Oct 17, 2025$31Oct 31, 2025$30Nov 14, 2025$33Nov 28, 2025$36Dec 12, 2025$35Dec 26, 2025$35Jan 9, 2026$30Jan 23, 2026$27Feb 6, 2026$22Feb 20, 2026$25Mar 6, 2026$24Mar 20, 2026$23Apr 2, 2026$23Apr 17, 2026$23May 1, 2026$25May 15, 2026$24May 29, 2026$29Jun 12, 2026$26Jun 26, 2026$26Jul 10, 2026$23Jul 24, 2026$24Aug 7, 2026$26Aug 21, 2026$24Sep 4, 2026$22Sep 18, 2026$19Oct 2, 2026

Point at or tab to any week for its close.

Other perspectives

Council score for DraftKings (DKNG): perspectives

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

4-Factor Breakdown

Momentum Weak
Business Quality Neutral
Financial Safety Negative
Valuation Weak

Legends Council

6 lenses, 0 current

AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built

Dalio-style lens (simulated) Ray Dalio Favorable read
Griffin-style lens (simulated) Ken Griffin Favorable read
Simons-style lens (simulated) Jim Simons Neutral read
Englander-style lens (simulated) Izzy Englander Unfavorable read
Klarman-style lens (simulated) Seth Klarman Neutral read
Moon AI lens (model) Neutral read

Read on: Sep 12, 2026 · older than the 27 hours refresh window; not a current reading

Munger's Mindset

Balance Sheet & Valuation · historical

Financial Health Weak
Margin of Safety Fairly Valued
Profit Margin Weak
Revenue Growth Strong
Debt/Equity Negative
ROE Neutral
Gross Margin Moderate

Read on: Sep 10, 2026 · older than the 27 hours refresh window; not a current reading

How to read these bars and different assessments

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.

On Sep 10, 2026, the Munger lens read the price at that time as fairly valued against its own estimate of value.

Readings on this page are from Oct 5, 2026, except a card that shows its own read date.

Watch the DKNG film — every key number, told as a short cinematic story

~2 min · open the film

1 · What is it?

What is DraftKings (DKNG), and what does it report?

Short answer · as of

DraftKings is not a resort operator with wagering attached. Its core demand comes from bets and online gaming activity conducted through DraftKings Sportsbook, DraftKings iGaming, Golden Nugget Online Gaming and daily fantasy sports, supplemented by technology supplied to operators and smaller media and collectibles activities.

Research dated 2026-09-13.

DraftKings is not a resort operator with wagering attached. Its core demand comes from bets and online gaming activity conducted through DraftKings Sportsbook, DraftKings iGaming, Golden Nugget Online Gaming and daily fantasy sports, supplemented by technology supplied to operators and smaller media and collectibles activities.

Reported revenue therefore measures a mixed digital portfolio rather than casino visitation or room demand. The segment disclosure offers limited separation among those activities, making consolidated revenue, gross profit and operating expenses the clearest measures of commercial scale and economic conversion.

Sources (as of 2026-09-13): Sector / industry (provider taxonomy); Business description; Revenue by segment; Quarterly income statement (USD thousands); Annual revenue and net result (USD millions)

2 · Latest results

What do the latest results show for DraftKings (DKNG)?

Short answer · as of

The most recent reported quarter, Q2 FY2026, carried revenue of $1.44B.

Research dated 2026-09-13.

The latest period broke the preceding run of sequential revenue gains. Revenue and gross profit also retreated from the comparable period, while selling, general and administrative expense increased; operating and net results consequently swung from profit to loss.

The earnings release fell short of consensus on revenue and earnings, extending an uneven record of surprises. Operating cash flow nevertheless stayed positive and capital spending remained modest, so the accounting loss did not translate into cash consumption during the period.

Sources (as of 2026-09-13): Quarterly income statement (USD thousands); Reported versus estimated, last 8 quarters; Operating cash flow by quarter (USD millions); Trailing twelve-month ratio set; Annual revenue and net result (USD millions)

Where is operating spending going?

Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.

Where is operating spending going? — FMP standardized evidence
Period endRevenueR&DSG&AFMP standardized operating result
Jun 30, 2026Not availableNot availableNot availableNot available
Mar 31, 2026Not availableNot availableNot availableNot available
Dec 31, 2025Not availableNot availableNot availableNot available
Sep 30, 2025Not availableNot availableNot availableNot available

USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.

Quarterly income statement — 4 quarters
Revenue, net income and earnings per share by quarter
PeriodRevenueNet incomeEPS
Q2 FY2026$1.44B-$68M-$0.14 (diluted)
Q1 FY2026$1.65B$21M$0.04 (diluted)
Q4 FY2025$1.99B$136M$0.26 (diluted)
Q3 FY2025$1.14B-$257M-$0.48 (diluted)
3 · Financial strengths and risks

What are the financial strengths and risks for DraftKings (DKNG)?

Short answer

Cash and short-term investments were $0.00 at the Jun 30, 2026 balance-sheet date. This figure does not establish a cash runway.

Research dated 2026-09-13.

DraftKings has moved from deep annual losses to near breakeven while sustaining strong revenue expansion, and recent operating cash generation has required little capital spending. That combination gives the digital model meaningful operating leverage when gross profit is strong enough to absorb marketing, administration and product investment.

The balance sheet still carries net debt, with debt materially above cash and investments. Liquid assets only narrowly cover short-term obligations, the cash balance has fallen from its recent peak, and trailing operating and net margins remain negative; renewed operating losses or heavier financing needs would therefore reduce flexibility quickly.

Sources (as of 2026-09-13): Annual revenue and net result (USD millions); Operating cash flow by quarter (USD millions); Cash, investments and debt; Cash and investment components; Cash and short-term investments over time (USD millions); Cash against market value; Trailing twelve-month ratio set

Data-derived red flags

  • Financial-distress signal — its Altman Z-Score of 0.73 sits in the distress zone (elevated bankruptcy risk).
  • Negative return on equity (-26.3%) — the business is not currently generating profit on shareholder capital.
  • Inconsistent delivery — missed Wall Street EPS estimates in 5 of the last 8 reported quarters.
4 · What to check next?

What should you watch next at DraftKings (DKNG)?

Short answer · as of

Current published price targets run low $27.00 · high $48.00 · consensus $33.56 · median $30.50 against a quoted price of $18.59 (as of Oct 2, 2026).

Research dated 2026-09-13.

The next earnings release needs to reveal whether the latest revenue setback and return to operating loss were temporary volatility or a renewed conversion problem. Watch gross profit alongside selling and administrative expense, then compare net income with operating cash flow to see whether cash conversion continues despite weak reported earnings.

Consensus anticipates another loss and revenue slightly below the latest reported period, while longer-range estimates assume rising revenue and positive earnings. The gap between those expectations and recent volatility is substantial, and the material agreement filed after the latest quarterly report adds financing terms and balance-sheet effects to the watchlist.

Sources (as of 2026-09-13): Next earnings report; Analyst revenue and earnings estimates (average); Reported versus estimated, last 8 quarters; Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions); Recent SEC filings; Most recent periodic reports

What the records here don't tell us

  • No forward revenue or earnings estimate is on file.
  • The next earnings date is not yet scheduled in the calendar we read.

Checked against the records this page reads, on the dates shown above.

5 · Peer comparison

How does DraftKings compare with its peers?

Short answer

DraftKings's score ranks 13th of 13 in the bounded comparison shown, against 12 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.

Research dated 2026-09-13.

Compared with businesses centered on physical casinos and resorts, DraftKings reaches customers mainly through digital wagering products and also supplies gaming technology across international markets. Its demand is tied to permitted wagering activity and engagement across Sportsbook, iGaming and fantasy products, rather than hotel occupancy or gaming-floor traffic.

That digital structure is visible in modest capital spending relative to revenue, but it does not make earnings smooth. Gross profit and operating results have moved sharply between reporting periods, leaving expense absorption and cash conversion more important than a simple comparison of revenue growth.

Sources (as of 2026-09-13): Sector / industry (provider taxonomy); Business description; Operating cash flow by quarter (USD millions); Quarterly income statement (USD thousands); Trailing twelve-month ratio set

Peer set — price, market value and MoonshotScore
CompanyPriceMarket valueScore
Super Group (SGHC) Limited (SGHC) Same industry, near in market value$11.25 Oct 2, 2026$5.72B93 5-pillar Oct 4, 2026
Magna International Inc. (MGA) Named competitor$64.57 Oct 2, 2026$17.6B79 5-pillar Oct 4, 2026
Las Vegas Sands Corp. (LVS) Same industry, near in market value$36.23 Oct 2, 2026$23.5B76 5-pillar Oct 4, 2026
Yum China Holdings, Inc. (YUMC) Named competitor$39.98 Oct 2, 2026$14.0B74 5-pillar Oct 4, 2026
Boyd Gaming Corporation (BYD) Same industry, near in market value$67.25 Oct 2, 2026$4.89B68 5-pillar Oct 4, 2026
Packaging Corporation of America (PKG) Named competitor$228.54 Oct 2, 2026$20.4B67 5-pillar Oct 4, 2026
Rush Street Interactive, Inc. (RSI) Same industry, near in market value$20.01 Oct 2, 2026$4.95B67 5-pillar Oct 4, 2026
Churchill Downs Incorporated (CHDN) Same industry, near in market value$76.05 Oct 2, 2026$5.30B63 5-pillar Oct 4, 2026
Wynn Resorts, Limited (WYNN) Same industry, near in market value$75.88 Oct 2, 2026$7.88B55 5-pillar Oct 4, 2026
Vail Resorts, Inc. (MTN) Same industry, near in market value$141.16 Oct 2, 2026$5.03B53 5-pillar Oct 4, 2026
Honda Motor Co., Ltd. (HMC) Named competitor$31.35 Oct 2, 2026$40.7B51 5-pillar Oct 4, 2026
MGM Resorts International (MGM) Same industry, near in market value$30.48 Oct 2, 2026$7.67B45 5-pillar Oct 4, 2026
DraftKings (DKNG) — this page$18.59$9.23B26

Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.

Screen more Consumer Cyclical stocks

The records behind this page

Analyst targets & estimates

What analysts have on file

Price target, low to high
$27.00 – $48.00
Consensus target
$33.56
Median target
$30.50

Consensus record · Captured .

Measured against a quoted price of $18.59 (as of Oct 2, 2026).

Insider activity

Form 4 records via FMP · Of the newest 60 records, those within the last 180 days, newest dated Oct 1, 2026

Transactions
59
Identified insiders
6
Purchases
0
Sales
1
Other transactions
58

Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.

Common Questions About DKNG (Consumer Cyclical)

Research dated 2026-09-13; the answers below are from that research, and the full attribution is under Sources. The last 2 questions are answered from this page's own dated data, not from the research.

How are DraftKings Sportsbook and DraftKings iGaming different?

DraftKings Sportsbook handles sports wagers through mobile and physical channels in permitted markets. DraftKings iGaming and Golden Nugget Online Gaming provide company-operated online casino offerings in selected states.

Sources (as of 2026-09-13): Business description

What role does Golden Nugget Online Gaming play inside DraftKings?

Golden Nugget gives DraftKings another company-operated iGaming brand alongside the namesake offering. Its economics flow into a consolidated portfolio whose segment disclosure does not provide a clean brand-level earnings scorecard.

Sources (as of 2026-09-13): Business description; Revenue by segment; Quarterly income statement (USD thousands)

Why did DraftKings report a loss while generating operating cash?

Gross profit weakened while selling and administrative expense rose, pushing reported earnings below zero. Working-capital and other cash-flow effects allowed operations to generate cash during the same period, with capital spending remaining modest.

Sources (as of 2026-09-13): Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions); Reported versus estimated, last 8 quarters

How does founder leadership relate to recent DraftKings insider activity?

Co-founder Jason Robins remains chairman and chief executive, while co-founder Paul Liberman leads operations and serves as a director. Recent insider records were dominated by awards, exempt exercises, in-kind transactions and related activity; purchases were absent, and net shares declined.

Sources (as of 2026-09-13): Named officers; Insider transactions, last 180 days

What is the DKNG stock price today?

The last price recorded on this page for DraftKings Inc. (DKNG) is $18.59, as of the Oct 2, 2026 trading session (source: Financial Modeling Prep (FMP) quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.

What is the DKNG price target?

The analyst consensus price target for DraftKings Inc. (DKNG) is $33.56 (range $27.00 to $48.00, median $30.50), per FMP data captured Oct 4, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Research written by Codex (gpt-5.6-sol) on 2026-09-13. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.

Sources (as of 2026-09-13): Business description; Annual revenue and net result (USD millions); Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions)

Sources — records for every figure on this page (28 figures)

The 28 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.

"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.

OFFICIAL — 1 fact from SEC filings and earnings calls

OFFICIAL facts used on this page
Fact IDFactValue as shownAs ofTierSource
id.hqSEC filing business addressBoston, MAOFFICIALSEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "222 Berkeley Street, Boston, MA, 02116, US".

FMP — 22 facts from Financial Modeling Prep endpoint families

FMP facts used on this page
Fact IDFactValue as shownAs ofTierSource
px.lastLatest provided price$18.59FMPFinancial Modeling Prep (FMP) quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time.
px.changeChange on the day-3.93%FMPFinancial Modeling Prep (FMP) quote
px.mcapMarket capitalization$9.23BFMPFinancial Modeling Prep (FMP) quote — Provider market cap uses the share class it prices; a company with more than one class may show a larger total elsewhere. Market cap record date: 2026-10-04. Source capture time was not supplied. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares.
px.change_absChange on the day, in dollars−$0.76FMPFinancial Modeling Prep (FMP) quote
fin.q_revenueRevenue, Q2 FY2026$1.44BFMPFinancial Modeling Prep (FMP) · income statement (quarterly)
px.range5252-week range$18.52–$36.98FMPFinancial Modeling Prep (FMP) quote
px.pePrice / earnings (trailing)203.80FMPFinancial Modeling Prep (FMP) · quote
px.volumeShares traded on the day17.78MFMPFinancial Modeling Prep (FMP) · quote
px.betaBeta1.63FMPFinancial Modeling Prep (FMP) company profile
id.ceoChief executiveJason D. RobinsFMPFinancial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it.
id.employeesEmployees5,500FMPFinancial Modeling Prep (FMP) company profile
fin.annualRevenue and net result by fiscal year5 fiscal years, FY2021 through FY2025: FY2021 revenue $0.00, net result $0.00; FY2022 revenue $0.00, net result $0.00; FY2023 revenue $0.00, net result $0.00; FY2024 revenue $0.00, net result $0.00; FY2025 revenue $0.00, net result $0.00FMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
fin.gross_marginGross margin (trailing twelve months)76.1%FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.q_tableQuarterly income statement4 quarters through Q2 FY2026FMPFinancial Modeling Prep (FMP) · income statement (quarterly), as filed
fin.cash_investmentsCash and short-term investments$0.00FMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. The market-value ratio is undefined when the reported amount is zero.
fin.total_debtTotal debt$0.00FMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.price_to_bookPrice to book value16.19×FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
earn.ptStored analyst price targetslow $27.00 · high $48.00 · consensus $33.56 · median $30.50FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
earn.pt_rangeAnalyst price target, low to high$27.00 – $48.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
earn.pt_consensusConsensus analyst price target$33.56FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
earn.pt_medianMedian analyst price target$30.50FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
own.insidersInsider transactions via FMP59 transactions · 0 purchases, 1 sales, 58 other transactions · 6 identified insiders · of the newest 60 records, those within the last 180 days, newest dated Oct 1, 2026FMPFinancial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.

UNRECORDED — 3 facts from stored observations whose source was not recorded

UNRECORDED facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.historyReported versus estimated, recent quartersEPS beat 2 of 8UNRECORDEDStored earnings-history observation — Captured 2026-10-04
fin.scoresDistress and quality screensAltman Z 0.73 · Piotroski F 5UNRECORDEDStored financial-scores observation — Captured 2026-10-03 · Expired observation
fin.ratiosReturn and yield ratios (trailing twelve months)ROE -26.3% · ROA -3.9% · current ratio 1.02 · earnings yield -1.8% · free-cash-flow yield 6.5%—UNRECORDEDStored key metrics — Date unknown

OURS — 2 facts from Stock Expert AI's own score and rank

OURS facts used on this page
Fact IDFactValue as shownAs ofTierSource
ours.moonshotMoonshotScore v226 of 100 · Weak · pillars 40 / 10 / 24 / 89 / 25OURSStock Expert AI MoonshotScore v2 engine
ours.moonshot_changeMoonshotScore movement26 (stored snapshot Oct 3, 2026) → 26 (current publication computed Oct 4, 2026) (0)OURSStock Expert AI current score publication and immutable score snapshots
Published
Research standards
Methodology · Editorial policy · Corrections

Sources used for research written 2026-09-13

Historical evidence preserved with this analysis. Current figures are listed separately above.

EvidenceCaptured valueSource dateSource typeSource
Business description
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.
2026-09-13FMPFinancial Modeling Prep (FMP) company profile
Annual revenue and net result (USD millions)
Captured record · 5 entries
  • FY2025 — R&D: $459.91M, Revenue: $6.05B, Period end: 2025-12-31, Net result: $3.71M
  • FY2024 — R&D: $397.11M, Revenue: $4.77B, Period end: 2024-12-31, Net result: -$507.28M
  • FY2023 — R&D: $355.16M, Revenue: $3.67B, Period end: 2023-12-31, Net result: -$802.14M
  • FY2022 — R&D: $318.25M, Revenue: $2.24B, Period end: 2022-12-31, Net result: -$1.38B
  • FY2021 — R&D: $253.66M, Revenue: $1.30B, Period end: 2021-12-31, Net result: -$1.52B
2025-12-31FMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
Quarterly income statement (USD thousands)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — EPS: -$0.14 per share, SG&A: $491.98M, EPS basic: -$0.14 per share, EPS basis: diluted, Revenue: $1.44B, EPS diluted: -$0.14 per share, Net result: -$67.61M, Gross profit: $551.45M, Operating result: -$68.17M
  • Quarter ended 2026-03-31 — EPS: $0.0396 per share, R&D: $123.18M, SG&A: $567.67M, EPS basic: $0.0432 per share, EPS basis: diluted, Revenue: $1.65B, EPS diluted: $0.0396 per share, Net result: $21.07M, Gross profit: $696.69M, Operating result: $5.85M
  • Quarter ended 2025-12-31 — EPS: $0.26 per share, R&D: $133.56M, SG&A: $629.37M, EPS basic: $0.28 per share, EPS basis: diluted, Revenue: $1.99B, EPS diluted: $0.26 per share, Net result: $136.43M, Gross profit: $914.69M, Operating result: $151.76M
  • Quarter ended 2025-09-30 — EPS: -$0.48 per share, R&D: $114.68M, SG&A: $517.15M, EPS basic: -$0.52 per share, EPS basis: diluted, Revenue: $1.14B, EPS diluted: -$0.48 per share, Net result: -$256.79M, Gross profit: $359.94M, Operating result: -$271.89M
  • Quarter ended 2025-06-30 — EPS: $0.3 per share, R&D: $108.42M, SG&A: $398.89M, EPS basic: $0.32 per share, EPS basis: diluted, Revenue: $1.51B, EPS diluted: $0.3 per share, Net result: $157.94M, Gross profit: $657.95M, Operating result: $150.64M
  • Quarter ended 2025-03-31 — EPS: -$0.0686 per share, R&D: $103.26M, SG&A: $508.07M, EPS basic: -$0.0686 per share, EPS basis: diluted, Revenue: $1.41B, EPS diluted: -$0.0686 per share, Net result: -$33.86M, Gross profit: $565.00M, Operating result: -$46.33M
  • Quarter ended 2024-12-31 — EPS: -$0.28 per share, R&D: $112.06M, SG&A: $585.24M, EPS basic: -$0.28 per share, EPS basis: diluted, Revenue: $1.39B, EPS diluted: -$0.28 per share, Net result: -$134.85M, Gross profit: $558.13M, Operating result: -$139.18M
  • Quarter ended 2024-09-30 — EPS: -$0.6 per share, R&D: $103.58M, SG&A: $548.07M, EPS basic: -$0.6 per share, EPS basis: diluted, Revenue: $1.10B, EPS diluted: -$0.6 per share, Net result: -$293.69M, Gross profit: $353.06M, Operating result: -$298.59M
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements
Operating cash flow by quarter (USD millions)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — Capital expenditure: -$4.59M, Operating cash flow: $111.44M
  • Quarter ended 2026-03-31 — Capital expenditure: -$7.08M, Operating cash flow: -$48.44M
  • Quarter ended 2025-12-31 — Capital expenditure: -$3.96M, Operating cash flow: $320.47M
  • Quarter ended 2025-09-30 — Capital expenditure: -$39.56M, Operating cash flow: $287.48M
  • Quarter ended 2025-06-30 — Capital expenditure: -$4.32M, Operating cash flow: $173.92M
  • Quarter ended 2025-03-31 — Capital expenditure: -$2.65M, Operating cash flow: -$119.02M
  • Quarter ended 2024-12-31 — Capital expenditure: -$2.03M, Operating cash flow: $325.19M
  • Quarter ended 2024-09-30 — Capital expenditure: -$31.81M, Operating cash flow: $133.58M
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements
Sector / industry (provider taxonomy)
Consumer Cyclical / Gambling, Resorts & Casinos

The company's SEC filings classify it under SIC 7990 — Services-Miscellaneous Amusement & Recreation.

2026-09-13FMPFinancial Modeling Prep (FMP) company profile
Revenue by segment
Product and Service, Other: $422.82M
2025-12-31FMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
Reported versus estimated, last 8 quarters
Captured record · 8 entries
  • Reported 2026-08-06 — EPS actual: -$0.14 per share, EPS estimated: $0.02182 per share, Revenue actual: $1.44B, Revenue estimated: $1.51B
  • Reported 2026-05-07 — EPS actual: $0.2 per share, EPS estimated: $0.22 per share, Revenue actual: $1.65B, Revenue estimated: $1.63B
  • Reported 2026-02-12 — EPS actual: $0.36 per share, EPS estimated: $0.36 per share, Revenue actual: $1.99B, Revenue estimated: $1.99B
  • Reported 2025-11-06 — EPS actual: -$0.52 per share, EPS estimated: -$0.43117 per share, Revenue actual: $1.14B, Revenue estimated: $1.20B
  • Reported 2025-08-07 — EPS actual: $0.38 per share, EPS estimated: $0.1513 per share, Revenue actual: $1.51B, Revenue estimated: $1.42B
  • Reported 2025-05-08 — EPS actual: -$0.07 per share, EPS estimated: -$0.07752 per share, Revenue actual: $1.41B, Revenue estimated: $1.43B
  • Reported 2025-02-13 — EPS actual: -$0.28 per share, EPS estimated: $0.07 per share, Revenue actual: $1.39B, Revenue estimated: $1.39B
  • Reported 2024-11-08 — EPS actual: -$0.6 per share, EPS estimated: -$0.42 per share, Revenue actual: $1.10B, Revenue estimated: $1.11B
2026-08-06FMPFinancial Modeling Prep (FMP) earnings
Trailing twelve-month ratio set
Quick ratio: 1.02; Current ratio: 1.02; Debt to equity: 3.36; Net margin: -2.7%; Gross margin: 40.5%; Operating margin: -2.9%; Return on assets: -3.9%; Return on equity: -26.3%

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero.

2026-09-13FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm
Cash, investments and debt
Total debt: $1.92B; Liquidity basis: cash and short-term investments; Total liabilities: $3.71B; Cash and short-term investments: $983.88M; Cash and investments: $1.01B; Long-term investments: $30.31M; Long-term investments classification: unclassified

Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.

2026-06-30FMPFinancial Modeling Prep (FMP), from the company's balance sheet
Cash and investment components
Total basis: cash short and long-term investments; Total: $1.01B; Cash and short-term investments: $983.90M; Long-term investments: $30.30M; Long-term investments classification: unclassified

Sums the balance sheet's cash and short-term investments with its long-term investments.; The long-term investment field does not establish marketability; the sum is not a measure of available liquidity.; These provider fields do not establish investment access restrictions or explain differences from third-party cash figures.

2026-06-30COMPUTEDComputed from the balance sheet
Cash and short-term investments over time (USD millions)
Captured record · 8 entries
  • 2026-06-30 — Amount: $983.90M, Cash basis: cash and short-term investments
  • 2026-03-31 — Amount: $999.40M, Cash basis: cash and short-term investments
  • 2025-12-31 — Amount: $1.60B, Cash basis: cash and short-term investments
  • 2025-09-30 — Amount: $1.23B, Cash basis: cash and short-term investments
  • 2025-06-30 — Amount: $1.26B, Cash basis: cash and short-term investments
  • 2025-03-31 — Amount: $1.12B, Cash basis: cash and short-term investments
  • 2024-12-31 — Amount: $788.30M, Cash basis: cash and short-term investments
  • 2024-09-30 — Amount: $877.80M, Cash basis: cash and short-term investments
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's quarterly balance sheets
Cash against market value
As of: 2026-06-30; Cash basis: cash and short-term investments; Net cash: -$932.10M; Total debt: $1.92B; Cash and investments: $983.90M

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. Cash is the latest reported cash and short-term investment balance; long-term investments are excluded. Market capitalization is the latest provider value.; The reported balance does not establish unrestricted availability or liquidation value.; The two are measured on different dates — the balance sheet is a quarter-end, the market cap is a recent close.; Debt is total debt as reported, including operating lease liabilities where the filer includes them.

2026-06-30COMPUTEDComputed from the balance sheet and the latest market capitalization
Next earnings report
Date: 2026-11-05; EPS estimate: -$0.14409 per share; Revenue estimate: $1.41B

The date is our provider's estimate until the company confirms it.

2026-09-13FMPFinancial Modeling Prep (FMP) earnings calendar
Analyst revenue and earnings estimates (average)
Captured record · 4 entries
  • FY2027 — EPS average: $0.86 per share, Revenue average: $7.57B, Revenue low: $7.19B, Revenue high: $7.94B, Analysts (revenue): 23
  • FY2028 — EPS average: $1.59 per share, Revenue average: $8.48B, Revenue low: $7.63B, Revenue high: $10.91B, Analysts (revenue): 22
  • FY2029 — EPS average: $2.38 per share, Revenue average: $9.66B, Revenue low: $9.17B, Revenue high: $10.49B, Analysts (revenue): 14
  • FY2030 — EPS average: $3.26 per share, Revenue average: $10.53B, Revenue low: $9.99B, Revenue high: $11.43B, Analysts (revenue): 11
2026-09-13FMPFinancial Modeling Prep (FMP) analyst estimates
Recent SEC filings2026-08-25OFFICIALSEC EDGAR filer submissions
Most recent periodic reports
Annual: Document: https://www.sec.gov/Archives/edgar/data/1883685/000188368526000013/dkng-20251231.htm, Filed: 2026-02-13, Period end: 2025-12-31; Quarterly: Document: https://www.sec.gov/Archives/edgar/data/1883685/000188368526000029/dkng-20260630.htm, Filed: 2026-08-07, Period end: 2026-06-30
2026-08-07OFFICIALSEC EDGAR filer submissions
Named officers
CEO: Jason D. Robins; Officers: Paul Liberman — Title: Co-Founder, President of Operations and Director, Pay: $1.06M, Born: 1984; Michael DeLalio — Title: Senior Director of Investor Relations; Alan Ellingson — Title: CFO, Principal Financial Officer & Principal Accounting Officer, Pay: $425,925, Born: 1980; R. Stanton Dodge — Title: Chief Legal Officer & Secretary, Pay: $618,324, Born: 1968; Jason D. Robins — Title: Co-Founder, Chairman & Chief Executive Officer, Pay: $3.42M, Born: 1981; Stephanie Agrimanakis Sherman — Title: Chief Marketing Officer; Jennifer Aguiar — Title: Chief Compliance Officer; Zach Maybury — Title: Chief Technology Officer

Titles and pay come from the company's proxy statement as our provider parsed it.

2026-09-13FMPFinancial Modeling Prep (FMP) key executives (proxy-derived)
Insider transactions, last 180 days
Net shares: -1,856,084; Window days: 180; Price low: $4.7; Clustered days: 2026-08-04; 2026-09-01; Price high: $24.21; Buy transactions: 0; Distinct insiders: 8; Sell transactions: 1; Other transactions: 59; Total transactions: 60; Other transaction types: G-Gift: 1, A-Award: 3, J-Other: 2, F-InKind: 17, M-Exempt: 36; Unknown direction transactions: 0

Purchase and sale counts require explicit provider transaction types, without a conflicting acquisition/disposition direction. Other transactions retain their provider type; awards, exercises, gifts and in-kind transactions are not counted as purchases or sales. Net shares sums acquired minus disposed shares across direction-known records, including other transaction types; unknown directions are excluded. It is not net purchases or a verified change in beneficial ownership. Named-insider counts, same-day clusters and positive reported prices cover all retained records. Filing dates are used only when transaction dates are absent. Neither timing nor price establishes motive or whether a transaction was on the open market.

2026-09-03FMPFinancial Modeling Prep (FMP) insider transactions, from Form 4 filings
Data Sources & Methodology
Figures come from Financial Modeling Prep (FMP). If FMP has no figure for a ticker, a price or fundamental may come from a Yahoo Finance fallback, or a price from an Alpaca fallback. SEC EDGAR is used only for filing links and company identity details (legal name, address), never for figures. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.

ETFs that hold DKNG

Funds in our ETF coverage that list DKNG among the top 10 holdings on their fund page, largest weight first. Each weight is the fund's reported holding weight as of the date in its row.

ETFWeightHoldings as of
Defiance Next Gen SPAC Derived ETF (SPAK)1.72%