DraftKings Inc. (DKNG)
Listed on NASDAQ • Consumer Cyclical / Gambling, Resorts & Casinos
Overview
DraftKings Inc. operates a digital sports entertainment and gaming company. It offers multi-channel sports betting and gaming technologies, powering sports and gaming entertainment for operators in 17 countries. The company operates iGaming through its DraftKings brand in 5 states, as well as operates Golden Nugget Online Gaming, an iGaming product and gaming brand in 3 states. Its Sportsbook is live with mobile and/or retail betting operations in the United States pursuant to regulations in 18 states. The company's daily fantasy sports product is available in 6 countries internationally with 15 distinct sports categories. In addition, it offers DraftKings Marketplace, a digital collectibles ecosystem designed for mainstream accessibility that offers curated NFT drops and supports secondary-market transactions, as well as owns Vegas Sports Information Network (VSiN), a multi-platform broadcast and content company. DraftKings Inc. was founded in 2011 and is headquartered in Boston, Massachusetts.
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Key Information
Symbol:
DKNG
CEO:
Jason D. Robins
Exchange:
NASDAQ
CIK:
0001883685
Website:
https://www.draftkings.com
SEC Filings:
View SEC →
Stock Snapshot (Updated: Nov 05 04:00 PM EST)
Price
27.92
Change
-0.69
Change %
-2.41%
Open
28.94
Previous Close
28.61
High
28.95
Low
27.89
Volume
16,838,645
Market Cap
13,861,444,608
EV/EBITDA
43162.25
Capital Structure (Updated: Nov 05 04:00 PM EST)
Shares Outstanding
496,470,071
FloatShares
484,743,448
Float Ratio
97.64%
Shares Short
35,026,177
Short Percent Of Float
The percent of float shares currently sold short. Reflects market sentiment and risk of a short squeeze.
7.23%
Short Ratio
Days needed to cover all short positions. Indicates short-selling pressure.
1.97 trading days
Held Percent Insiders
2.45%
Held Percent Institutions
84.52%
Calendar Events (Upcoming Earnings & Revenue Forecasts)
| Earnings | |
| Earnings Date | 2025-11-06 |
| Earnings Call | 2025-11-07 |
| Avg EPS Estimate | -0.2553 |
| Low EPS Estimate | -0.38 |
| High EPS Estimate | -0.08 |
| Revenue | |
| Avg Revenue Forecast | 1,201,868,540 |
| Low Revenue Forecast | 1,058,500,000 |
| High Revenue Forecast | 1,408,000,000 |
DKNG Liquidity Indicators Shows key metrics that reflect cash availability and short-term payment ability
| Field | Value | Description |
|---|---|---|
| Cash Holdings | $1,261,969,024 | Cash on hand, which directly shows a company's ability to meet short-term obligations. |
| Quick Ratio | 0.997 | The quick ratio, which excludes inventory, measures short-term solvency; a value above 1 is considered relatively safe. |
| Current Ratio | 1.339 | The current ratio, calculated as current assets divided by current liabilities; the higher the value, the better the liquidity. |
| Total Debt | $1,909,943,040 | Total liabilities, used together with cash and liquidity ratios to assess debt burden. |
DKNG Profitability Indicators Shows key metrics that reflect overall earnings, margins, and core business profitability
| Field | Value | Description |
|---|---|---|
| EBITDA | $-30,908,000 | EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), which measures the profitability of core operations. |
| Operating Cash Flow | $513,678,016 | Operating cash flow, which reflects a company's cash-generating ability. |
| Free Cash Flow | $454,564,512 | Free cash flow, after deducting capital expenditures, which can be used for dividends or reinvestment. |
| Gross Margin | 43.20% | Gross margin; a higher value indicates stronger product profitability. |
| Operating Margin | 9.96% | Operating margin; slightly negative, indicating high operating costs. |
| Profit Margin | -5.63% | Net profit margin, which reflects overall profitability. |
DKNG Leverage & Financial Health Indicators Shows key metrics that reflect debt levels, liquidity, and overall financial stability
| Field | Value | Description |
|---|---|---|
| Debt/Equity Ratio | 189.17% | Low leverage level, indicating the company has low debt pressure. |
| Total Debt | $1,909,943,040 | Used together with cash and EBITDA to assess debt-paying ability. |
DKNG Growth Indicators Shows key financial metrics that reflect profitability, cash flow, and business expansion
| Field | Value | Description |
|---|---|---|
| Revenue Growth (YoY) | 36.90% | Rapid revenue growth, indicating fast business expansion. |
| Earnings Growth (YoY) | 184.60% | Significant EPS growth, indicating rapid improvement in profitability. |
Financial Data for DKNG (Key ratios, margins, and cash flow)
| Field | Value | Description |
|---|---|---|
| Current Price | $27.92 | Latest stock trading price |
| Price Target (High) | $69 | Analyst highest expected price |
| Price Target (Low) | $30 | Analyst lowest expected price |
| Price Target (Average) | $49.83 | Average target price across analysts |
| Price Target (Median) | $51 | Median of target prices |
| Average Rating Score | 1.56 | Average analyst rating (1=Strong Buy, 5=Sell) |
| Consensus Recommendation | buy | Consensus rating |
| Analyst Coverage Count | 33 | Number of analysts providing estimates |
| Cash Holdings | $1,261,969,024 | Total cash held by the company |
| Cash per Share | $2.54 | Cash value per outstanding share |
| Total Debt | $1,909,943,040 | Company's total debt |
| Quick Ratio | 0.997 | Ability to cover short-term liabilities (excludes inventory) |
| Current Ratio | 1.339 | Overall short-term liquidity |
| Debt/Equity Ratio | 189.17% | Leverage ratio: Debt / Equity |
| EBITDA | $-30,908,000 | Earnings before interest, taxes, depreciation & amortization |
| Total Revenue | $5,409,574,912 | Total company revenue |
| Revenue per Share | $11.017 | Total revenue divided by shares outstanding |
| Gross Profit | 43.20% | Revenue minus cost of goods sold |
| Return on Assets | -4.64% | Net income / Total assets |
| Return on Equity | -26.38% | Net income / Shareholder equity |
| Earnings Growth (YoY) | 184.60% | Year-over-year EPS growth |
| Revenue Growth (YoY) | 36.90% | Year-over-year revenue growth |
| Gross Margin | 43.20% | Gross profit / Total revenue |
| EBITDA Margin | -0.57% | EBITDA / Revenue |
| Operating Margin | 9.96% | Operating income / Revenue |
| Profit Margin | -5.63% | Net income / Revenue |
| Free Cash Flow | $454,564,512 | Cash left after capital expenditures |
| Operating Cash Flow | $513,678,016 | Cash from core business operations |
| Currency | USD | Reported in US dollars |
| Last Updated | 2025-11-05 | Data source from Yahoo |