DKNG DraftKings Inc. - Class A Common Stock
$24.26
Price · Aug 19, 2026
Fundamentals as of Aug 7, 2026
52W Range
$20–$49
13% of range
Analyst Rating
BUY
45 analysts
Price Target
$35
+44% upside
P/E (TTM)
-3446.0
ROE
0.45%
Net Profit Margin
0.06%
DKNG Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$24.26
Market Cap
—
P/E (TTM)
-3446.0
EPS (TTM)
$-0.01
Revenue (TTM)
$6.05B
Div Yield
—
ROE
0.45%
Debt/Equity
—
52W Range
$20 – $49
DKNG Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$6.05B
2020-12-31
→
2025-12-31
EPS
$-0.01
2020-12-31
→
2025-12-31
Free Cash Flow
$648M
2022-12-31
→
2025-12-31
Margins
0.06%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
DKNG
Peer Median
P/E (TTM)
-3446.0
32.1
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
DKNG
Peer Median
Operating Margin
-0.26%
—
Net Profit Margin
0.06%
4.1%
ROA
0.08%
3.7%
ROE
0.45%
17.1%
ROIC
-0.98%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
DKNG
Peer Median
Current Ratio
1.0
0.9
Quick Ratio
0.7
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
DKNG
Peer Median
Revenue YoY
27.0%
—
Revenue CAGR 3Y
39.3%
—
Revenue CAGR 5Y
58.0%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
DKNG
Peer Median
DKNG Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
45 analysts
- Strong Buy 10 22.2%
- Buy 25 55.6%
- Hold 9 20.0%
- Sell 1 2.2%
- Strong Sell 0 0.0%
12-Month Price Target
35 analysts · 2026-08-19
Median
$33.00
Now
$24.26
Low
$18.00
High
$76.00
Median target
$33.00
+36.0%
Mean target
$34.84
+43.6%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.01%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.14 | $0.02 | -0.16% |
| March 31, 2026 | $0.03 | $0.01 | 0.02% |
| Dec. 31, 2025 | $0.25 | $0.15 | 0.10% |
| Sept. 30, 2025 | $-0.52 | $-0.43 | -0.09% |
| June 30, 2025 | $0.30 | $0.16 | 0.14% |
| March 31, 2025 | $-0.07 | $-0.09 | 0.02% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| DKNG | — | -3446.0 | 27.0% | 0.06% | 0.45% | — |
| LVS | $43.94B | 27.7 | 15.2% | 12.5% | 72.7% | — |
| FLUT | $37.68B | -122.9 | 16.6% | -2.5% | -4.4% | 45.2% |
| MGM | $9.43B | 48.0 | 1.7% | 1.2% | 7.5% | — |
| WYNN | $12.51B | 38.3 | 0.14% | 4.6% | -131.0% | — |
| RRR | — | 19.9 | 3.7% | 9.3% | 88.8% | — |
| CHDN | $7.92B | 8.0 | 7.0% | 13.1% | 37.3% | — |
| CZR | $4.74B | -9.7 | 2.1% | -4.4% | -13.1% | — |
| BYD | $6.51B | 3.8 | 4.1% | 45.1% | 88.0% | — |
| RSI | — | 62.7 | 22.8% | 2.9% | 29.5% | — |
| PENN | — | -2.5 | 5.8% | -12.1% | -35.9% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $6.05B | $4.77B | $3.67B | $2.24B | $1.30B | $615M | |
| Cost of Revenue | $3.56B | $2.95B | $2.29B | $1.48B | $794M | $347M | |
| SG&A Expense | $674M | $764M | $607M | $764M | $828M | $447M | |
| Operating Income | $-16M | $-609M | $-789M | $-1.51B | $-1.56B | $-843M | |
| Interest Expense | · | · | $3M | $3M | $2M | · | |
| Interest Income | · | $47M | $58M | $21M | $4M | · | |
| Other Non-op | $38M | $-24M | $-224.0K | $21M | $12M | $0 | |
| Pretax Income | $7M | $-593M | $-791M | $-1.44B | $-1.52B | $-1.23B | |
| Income Tax | $4M | $-86M | $10M | $-68M | $8M | $-622.0K | |
| Net Income | $4M | $-507M | $-802M | $-1.38B | $-1.52B | $-1.23B | |
| EPS (Basic) | $0.01 | $-1.05 | $-1.73 | $-3.16 | $-3.78 | $-4.03 | |
| EPS (Diluted) | $-0.01 | $-1.05 | $-1.73 | $-3.16 | $-3.78 | $-4.03 | |
| Shares (Basic) | 495,638,000 | 481,954,000 | 462,599,000 | 436,513,000 | 402,492,000 | 305,593,000 | |
| Shares (Diluted) | 495,903,000 | 481,954,000 | 462,599,000 | 436,513,000 | 402,492,000 | 305,593,000 | |
| EBITDA | $260M | $-338M | $-587M | $-1.34B | · | · |
Balance Sheet 22
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.13B | $788M | $1.27B | $1.31B | $2.15B | $1.82B | |
| Receivables | $106M | $58M | $48M | $51M | $46M | $44M | |
| Prepaid Expense | $105M | $146M | $99M | $95M | $26M | · | |
| Current Assets | $1.82B | $1.53B | $2.07B | $2.08B | $2.75B | · | |
| PP&E (Net) | $51M | $51M | $61M | $60M | $46M | · | |
| PP&E (Gross) | $156M | $139M | $136M | $116M | $86M | · | |
| Accum. Depreciation | $105M | $88M | $75M | $56M | $40M | · | |
| Goodwill | $1.60B | $1.56B | $886M | $886M | $616M | · | |
| Intangibles | $889M | $933M | $691M | $777M | $535M | · | |
| Total Assets | $4.53B | $4.28B | $3.94B | $4.04B | $4.07B | · | |
| Accounts Payable | $785M | $54M | $34M | $10M | $53M | · | |
| Current Liabilities | $1.76B | $1.65B | $1.55B | $1.25B | $929M | · | |
| Capital Leases | $44M | $68M | $81M | $69M | $57M | · | |
| Deferred Tax | $92M | $76M | $73M | $70M | $79M | · | |
| Other Non-current Liabilities | $172M | $196M | $84M | $70M | $49M | · | |
| Total Liabilities | $3.90B | $3.27B | $3.10B | $2.72B | $2.39B | · | |
| Paid-in Capital | $8.42B | $7.98B | $7.15B | $6.75B | $5.70B | · | |
| Retained Earnings | $-6.44B | $-6.44B | $-5.93B | $-5.13B | $-3.75B | · | |
| Treasury Stock | $1.39B | $563M | $412M | $332M | $307M | · | |
| AOCI | $36M | $36M | $36M | $36M | $36M | · | |
| Stockholders' Equity | $631M | $1.01B | $840M | $1.32B | $1.68B | $2.63B | |
| Liabilities + Equity | $4.53B | $4.28B | $3.94B | $4.04B | $4.07B | · |
Cash Flow 18
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| D&A | $275M | $271M | $202M | $169M | $121M | $77M | |
| Stock-based Comp | $339M | $381M | $398M | $579M | $683M | $325M | |
| Deferred Tax | $-18M | $-93M | $6M | $-73M | $-16M | $-2M | |
| Amort. of Intangibles | $256M | $250M | $181M | $151M | $107M | $68M | |
| Other Non-cash | $63M | $366M | $194M | $78M | · | · | |
| Operating Cash Flow | $663M | $418M | $-2M | $-626M | $-420M | $-194M | |
| CapEx | $15M | $10M | $21M | $32M | $16M | $12M | |
| Investing Cash Flow | $-166M | $-567M | $-90M | $-209M | $-195M | $-227M | |
| Debt Issued | $588M | $0 | $0 | · | · | · | |
| Net Debt Issued | $584M | · | · | · | · | · | |
| Stock Issued | · | · | · | $0 | $0 | $1.68B | |
| Stock Repurchased | $572M | $48M | $0 | $0 | $18M | $289M | |
| Net Stock Activity | $-572M | $-48M | $-80M | $-26M | · | · | |
| Financing Cash Flow | $-222M | $-144M | $-63M | $-17M | $1.14B | $2.31B | |
| Net Change in Cash | $274M | $-293M | $-155M | $-851M | $525M | $1.88B | |
| Taxes Paid | $8M | $5M | $8M | $10M | $6M | $1M | |
| Free Cash Flow | $648M | $408M | $-23M | $-658M | · | · | |
| Levered FCF | · | · | $-25M | · | · | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Operating Margin | -0.26% | -12.8% | -21.5% | -67.5% | · | · | |
| Net Margin | 0.06% | -10.6% | -21.9% | -61.5% | · | · | |
| Pretax Margin | 0.12% | -12.4% | -21.6% | -64.4% | · | · | |
| EBITDA Margin | 4.3% | -7.1% | -16.0% | -59.9% | · | · | |
| ROA | 0.08% | -12.3% | -20.1% | -34.0% | · | · | |
| ROE | 0.45% | -48.6% | -97.7% | -99.9% | · | · | |
| ROIC | -0.98% | -51.5% | -95.1% | -108.9% | · | · |
Liquidity & Solvency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1.0 | 0.9 | 1.3 | 1.7 | · | · | |
| Quick Ratio | 0.7 | 0.5 | 0.9 | 1.1 | · | · | |
| Interest Coverage | · | · | -294.6 | · | · | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.4 | 1.2 | 0.9 | 0.6 | · | · | |
| Receivables Turnover | 74.1 | 78.0 | 97.3 | 48.7 | · | · |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue YoY | 27.0% | 30.1% | 63.6% | 72.9% | 110.9% | · | |
| Revenue CAGR 3Y | 39.3% | 54.4% | 81.3% | · | · | · | |
| Revenue CAGR 5Y | 58.0% | · | · | · | · | · |
Valuation (TTM) 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue TTM | $6.05B | $4.77B | $3.67B | $2.24B | · | · | |
| Net Income TTM | $4M | $-507M | $-802M | $-1.38B | · | · | |
| P/E | -3446.0 | -35.4 | -20.4 | -3.6 | · | · | |
| Earnings Yield | -0.03% | -2.8% | -4.9% | -27.7% | · | · |
Income Statement 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.44B | $1.65B | $1.99B | $1.14B | $1.51B | $1.41B | $1.39B | $1.10B | $1.10B | $1.17B | $1.23B | $790M | $875M | $770M | $855M | $502M | |
| Cost of Revenue | $892M | $949M | $1.07B | $784M | $855M | $844M | $835M | $742M | $663M | $710M | $717M | $543M | $510M | $522M | $485M | $373M | |
| SG&A Expense | $169M | $166M | $187M | $157M | $166M | $164M | $217M | $208M | $165M | $174M | $179M | $131M | $136M | $160M | $173M | $186M | |
| Operating Income | $-68M | $6M | $152M | $-272M | $151M | $-46M | $-139M | $-299M | $-32M | $-139M | $-44M | $-287M | $-69M | $-390M | $-232M | $-455M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $649.0K | · | $670.0K | $666.0K | $655.0K | · | $668.0K | |
| Interest Income | · | · | · | · | $12M | $9M | · | $9M | $14M | $15M | · | $14M | $13M | $12M | $11M | $7M | |
| Other Non-op | $4M | $23M | $-3M | $17M | $24M | $22.0K | $-18M | $-5M | $-446.0K | $-735.0K | $929.0K | $-1M | $45.0K | $19.0K | $-20M | $8M | |
| Pretax Income | $-72M | $23M | $147M | $-271M | $170M | $-39M | $-146M | $-295M | $-10M | $-143M | $-37M | $-282M | $-76M | $-396M | $-233M | $-447M | |
| Income Tax | $-2M | $6M | $10M | $-12M | $12M | $-6M | $-11M | $-1M | $-74M | $-351.0K | $7M | $1M | $651.0K | $1M | $10M | $3M | |
| Net Income | $-68M | $21M | $136M | $-257M | $158M | $-34M | $-135M | $-294M | $64M | $-143M | $-45M | $-283M | $-77M | $-397M | $-243M | $-450M | |
| EPS (Basic) | $-0.14 | $0.04 | $0.28 | $-0.52 | $0.32 | $-0.07 | $-0.28 | $-0.60 | $0.13 | $-0.30 | $-0.08 | $-0.61 | $-0.17 | $-0.87 | $-0.52 | $-1.00 | |
| EPS (Diluted) | $-0.14 | $0.03 | $0.28 | $-0.52 | $0.30 | $-0.07 | $-0.25 | $-0.60 | $0.10 | $-0.30 | $-0.08 | $-0.61 | $-0.17 | $-0.87 | $-0.52 | $-1.00 | |
| Shares (Basic) | 496,089,000 | 494,351,000 | -990,841,000 | 496,639,000 | 496,517,000 | 493,323,000 | -957,800,000 | 486,219,000 | 479,307,000 | 474,228,000 | -919,687,000 | 464,773,000 | 462,432,000 | 455,081,000 | -859,917,000 | 448,331,000 | |
| Shares (Diluted) | 496,089,000 | 510,630,000 | -1,023,513,000 | 496,639,000 | 529,454,000 | 493,323,000 | -997,278,000 | 486,219,000 | 518,785,000 | 474,228,000 | -919,687,000 | 464,773,000 | 462,432,000 | 455,081,000 | -859,917,000 | 448,331,000 | |
| EBITDA | $-68M | $78M | · | $-272M | $151M | $24M | · | $-299M | $-32M | $-86M | · | $-287M | $-69M | $-342M | · | $-409M |
Balance Sheet 22
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $984M | $999M | $1.13B | $1.23B | $1.26B | $1.12B | $788M | $878M | $816M | $1.19B | $1.27B | $1.11B | $1.11B | $1.09B | $1.31B | $1.38B | |
| Receivables | $82M | $86M | $106M | $66M | $69M | $67M | $58M | $64M | $65M | $53M | $48M | $28M | $32M | $41M | · | $41M | |
| Prepaid Expense | $107M | $105M | $105M | $115M | $86M | $108M | $146M | $81M | $147M | $135M | · | $143M | $83M | $115M | · | $99M | |
| Current Assets | $1.58B | $1.58B | $1.82B | $1.95B | $1.79B | $1.80B | $1.53B | $1.64B | $1.52B | $1.94B | · | $1.97B | $1.72B | $1.81B | · | $2.19B | |
| PP&E (Net) | $53M | $53M | $51M | $52M | $53M | $53M | $51M | $53M | $57M | $60M | · | $65M | $60M | $62M | · | $58M | |
| PP&E (Gross) | · | · | $156M | · | · | · | $139M | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $105M | · | · | · | $88M | · | · | · | · | · | · | · | · | · | |
| Goodwill | $1.60B | $1.60B | $1.60B | $1.56B | $1.56B | $1.56B | $1.56B | $1.46B | $1.46B | $886M | $886M | $886M | $886M | $886M | $886M | $894M | |
| Intangibles | $837M | $868M | $889M | $861M | $880M | $905M | $933M | $892M | $949M | $682M | · | $719M | $735M | $755M | · | $789M | |
| Total Assets | $4.28B | $4.31B | $4.53B | $4.62B | $4.47B | $4.52B | $4.28B | $4.27B | $4.22B | $3.80B | · | $3.86B | $3.61B | $3.74B | · | $4.19B | |
| Accounts Payable | $689M | $704M | $68M | $711M | $553M | $577M | $54M | $701M | $574M | $606M | · | $594M | $436M | $509M | · | $561M | |
| Current Liabilities | $1.55B | $1.55B | $1.76B | $1.78B | $1.33B | $1.50B | $1.65B | $1.65B | $1.37B | $1.44B | · | $1.53B | $1.08B | $1.23B | · | $1.29B | |
| Capital Leases | $71M | $72M | $44M | $59M | $62M | $65M | $68M | $76M | $78M | $79M | · | $77M | $64M | $66M | · | $76M | |
| Deferred Tax | $101M | $93M | $92M | $88M | $84M | $75M | $76M | $74M | $72M | $71M | · | $68M | $69M | $69M | · | $68M | |
| Other Non-current Liabilities | $150M | $154M | $172M | $125M | $133M | $150M | $196M | $119M | $116M | $88M | · | $80M | $78M | $74M | · | $57M | |
| Total Liabilities | $3.71B | $3.70B | $3.90B | $3.89B | $3.46B | $3.64B | $3.27B | $3.20B | $2.92B | $2.97B | · | $3.06B | $2.59B | $2.72B | · | $2.76B | |
| Paid-in Capital | $8.61B | $8.50B | $8.42B | $8.28B | $8.20B | $8.09B | $7.98B | $7.84B | $7.74B | $7.32B | · | $7.05B | $6.96B | $6.87B | · | $6.62B | |
| Retained Earnings | $-6.48B | $-6.42B | $-6.44B | $-6.57B | $-6.32B | $-6.48B | $-6.44B | $-6.31B | $-6.01B | $-6.08B | · | $-5.89B | $-5.61B | $-5.53B | · | $-4.89B | |
| Treasury Stock | $1.59B | $1.52B | $1.39B | $1.01B | $908M | $780M | $563M | $490M | $470M | $446M | · | $391M | $373M | $359M | · | $329M | |
| AOCI | $36M | $36M | $36M | $36M | $36M | $36M | $36M | $36M | $36M | $36M | · | $36M | $36M | $36M | · | $36M | |
| Stockholders' Equity | $569M | $605M | $631M | $732M | $1.01B | $873M | $1.01B | $1.08B | $1.30B | $831M | $840M | $801M | $1.02B | $1.02B | $1.32B | $1.44B | |
| Liabilities + Equity | $4.28B | $4.31B | $4.53B | $4.62B | $4.47B | $4.52B | $4.28B | $4.27B | $4.22B | $3.80B | · | $3.86B | $3.61B | $3.74B | · | $4.19B |
Cash Flow 17
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $80M | $72M | $74M | $66M | $65M | $70M | $66M | $90M | $62M | $53M | $55M | $50M | $48M | $48M | $49M | $46M | |
| Stock-based Comp | $83M | $65M | $103M | $72M | $85M | $79M | $110M | $88M | $90M | $94M | $114M | $78M | $89M | $117M | $130M | $126M | |
| Deferred Tax | $0 | $-215.0K | $-15M | $-4M | $-730.0K | $826.0K | $-12M | $-842.0K | $-80M | $540.0K | $1M | $3M | $-261.0K | $2M | $5M | $-1M | |
| Amort. of Intangibles | $75M | $67M | $69M | $61M | $61M | $66M | $62M | $85M | $56M | $47M | $50M | $45M | $43M | $43M | $44M | $41M | |
| Other Non-cash | · | $-206M | · | · | · | $-235M | · | · | · | $-75M | · | · | · | $28M | · | · | |
| Operating Cash Flow | $111M | $-48M | $320M | $287M | $174M | $-119M | $325M | $134M | $29M | $-70M | $72M | $145M | $-18M | $-201M | $-148M | $52M | |
| CapEx | $5M | $7M | $4M | $4M | $4M | $3M | $2M | $3M | $2M | $3M | $1M | $10M | $3M | $7M | $12M | $5M | |
| Investing Cash Flow | $-45M | $-48M | $-50M | $-42M | $-35M | $-39M | $-78M | $-32M | $-417M | $-39M | $-23M | $-40M | $612.0K | $-28M | $-37M | $-24M | |
| Debt Issued | $0 | $0 | $0 | $0 | $0 | $588M | $0 | $0 | $0 | $0 | · | · | · | · | · | · | |
| Net Debt Issued | · | $-2M | · | · | · | $588M | · | · | · | · | · | · | · | · | · | · | |
| Stock Repurchased | $56M | $99M | $258M | $71M | $100M | $142M | $48M | $-58M | $-33M | $0 | $-59M | $18M | $14M | $27M | $-22M | $5M | |
| Net Stock Activity | · | $-99M | · | · | · | $-142M | · | · | · | $-33M | · | · | · | $-27M | · | · | |
| Financing Cash Flow | $-66M | $-121M | $-374M | $-101M | $-120M | $373M | $-73M | $-19M | $-22M | $-31M | $-13M | $-13M | $-13M | $-25M | $111.0K | $-4M | |
| Net Change in Cash | $688.0K | $-218M | $-104M | $144M | $19M | $215M | $174M | $83M | $-410M | $-140M | $36M | $93M | $-30M | $-254M | $-185M | $23M | |
| Taxes Paid | $2M | $412.0K | · | · | $6M | $2M | · | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | · | $-56M | · | · | · | $-122M | · | · | · | $-73M | · | · | · | $-209M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $-74M | · | · | · | $-209M | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -4.7% | 0.36% | · | -23.8% | 10.0% | -3.3% | · | -27.3% | -2.9% | -11.8% | · | -36.3% | -7.9% | -50.6% | · | -90.6% | |
| Net Margin | -4.7% | 1.3% | · | -22.4% | 10.4% | -2.4% | · | -26.8% | 5.8% | -12.1% | · | -35.8% | -8.8% | -51.6% | · | -89.8% | |
| Pretax Margin | -5.0% | 1.4% | · | -23.6% | 11.2% | -2.8% | · | -26.9% | -0.86% | -12.2% | · | -35.7% | -8.7% | -51.4% | · | -89.1% | |
| EBITDA Margin | -4.7% | 4.7% | · | -23.8% | 10.0% | 1.7% | · | -27.3% | -2.9% | -7.3% | · | -36.3% | -7.9% | -44.4% | · | -81.5% | |
| ROA | -1.6% | 0.48% | · | -5.8% | 3.6% | -0.81% | · | -7.2% | 1.6% | -3.8% | · | -7.0% | -2.0% | -10.6% | · | -21.5% | |
| ROE | -8.6% | 2.9% | · | -28.4% | 13.7% | -4.0% | · | -31.3% | 5.5% | -15.4% | · | -25.3% | -5.5% | -33.1% | · | -62.8% | |
| ROIC | -11.7% | 0.70% | · | -35.5% | 13.9% | -4.5% | · | -27.6% | 16.8% | -16.7% | · | -35.9% | -6.8% | -38.4% | · | -31.9% |
Liquidity & Solvency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.0 | 1.0 | · | 1.1 | 1.3 | 1.2 | · | 1.0 | 1.1 | 1.3 | · | 1.3 | 1.6 | 1.5 | · | 1.7 | |
| Quick Ratio | 0.7 | 0.7 | · | 0.7 | 1.0 | 0.8 | · | 0.6 | 0.6 | 0.9 | · | 0.7 | 1.1 | 0.9 | · | 1.1 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | -213.9 | · | -427.7 | -103.7 | -595.1 | · | · |
Efficiency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.4 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | |
| Receivables Turnover | 19.1 | 21.6 | · | 17.6 | 22.6 | 23.5 | · | 23.8 | 22.7 | 24.8 | · | 23.0 | 22.6 | 17.2 | · | 24.5 |
Valuation (TTM) 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $5.75B | $5.71B | · | $5.16B | $5.12B | $4.78B | · | $4.16B | $3.94B | $3.61B | · | $2.94B | $2.61B | $2.15B | · | $1.60B | |
| Net Income TTM | $-145M | $-112M | · | $-426M | $-106M | $-406M | · | $-656M | $-439M | $-900M | · | $-1.21B | $-1.14B | $-1.53B | · | $-1.68B | |
| P/E | -76.5 | -83.2 | · | -42.0 | -158.9 | -38.2 | · | -27.8 | -38.9 | -23.3 | · | -11.1 | -10.5 | -5.5 | · | -3.8 | |
| Earnings Yield | -1.3% | -1.2% | · | -2.4% | -0.63% | -2.6% | · | -3.6% | -2.6% | -4.3% | · | -9.0% | -9.6% | -18.1% | · | -26.4% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $6.05B | $4.77B | $3.67B | $2.24B | $1.30B |
| Operating Margin % | -0.26% | -12.8% | -21.5% | -67.5% | — |
| Net Income | $4M | $-507M | $-802M | $-1.38B | $-1.52B |
| Diluted EPS | $-0.01 | $-1.05 | $-1.73 | $-3.16 | $-3.78 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | 1.0 | 0.9 | 1.3 | 1.7 | — |
| Quick Ratio | 0.7 | 0.5 | 0.9 | 1.1 | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $648M | $408M | $-23M | $-658M | — |
Latest News Recent headlines mentioning this company
- Meta prediction markets app Arena sinks DraftKings, Robinhood stock
- Jim Cramer on DraftKings: “This Thing Finally Has Momentum”
- DraftKings Hits the Jackpot With Super App Pivot
- DraftKings Stock Soars as Predictions Volume Explodes. DKNG’s Next Growth Engine Might Just Be Getting Started.
- DraftKings (DKNG) Reports Q1 2026 Revenue of $1.65B, Up 17% YoY
- DraftKings (DKNG) Slid on Cautious Revenue Guidance
- Is DraftKings Stock a Buy on Super-App Potential?
- DraftKings (DKNG) Eyes Alberta Launch, With the World Cup as Its Opening Act
- DraftKings (DKNG) Investing to Revitalize Growth Amid Competition and Customer Acquisition Concerns
- DraftKings and Penn Entertainment Are Climbing Today: Is the Sports Betting Sector Turning a Corner?
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Institutional owners (13F) 820 filers · $7.3B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 141 (+25 vs prior Q) | 120 (-68 vs prior Q) | 204 (-20 vs prior Q) | 254 (-16 vs prior Q) | +2.2M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Capital World Investors | $626,405,159 | 24,798,304 | 8.62% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $544,982,555 | 21,574,923 | 7.50% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $484,842,031 | 19,194,063 | 6.67% | Shares |
| NORGES BANK | $299,283,966 | 11,848,138 | 4.12% | Shares |
| SPRUCE HOUSE INVESTMENT MANAGEMENT LLC | $243,759,000 | 9,650,000 | 3.36% | Shares |
| PointState Capital LP | $227,002,476 | 8,986,638 | 3.12% | Shares |
| STATE STREET CORP | $211,204,619 | 8,361,228 | 2.91% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $208,266,922 | 8,242,492 | 2.87% | Shares |
| JANE STREET GROUP, LLC | $173,450,316 | 6,866,600 | 2.39% | Call option |
| Atlas Venture Advisors, Inc. | $134,379,815 | 5,319,866 | 1.85% | Shares |
| AMERIPRISE FINANCIAL INC | $125,774,992 | 4,979,038 | 1.73% | Shares |
| Contour Asset Management LLC | $110,400,017 | 4,370,547 | 1.52% | Shares |
| Hood River Capital Management LLC | $107,240,547 | 4,245,469 | 1.48% | Shares |
| VANGUARD GROUP INC | $107,002,297 | 3,105,116 | 1.47% | Shares |
| UBS Group AG | $102,294,892 | 4,049,679 | 1.41% | Call option |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $99,984,309 | 3,958,207 | 1.38% | Shares |
| BAMCO INC /NY/ | $95,195,442 | 3,768,624 | 1.31% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $94,377,726 | 3,736,252 | 1.30% | Shares |
| FMR LLC | $92,962,332 | 3,680,219 | 1.28% | Shares |
| CIBC WORLD MARKET INC. | $89,004,469 | 3,523,534 | 1.23% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $80,410,865 | 3,183,328 | 1.11% | Shares |
| Walleye Trading LLC | $76,924,278 | 3,045,300 | 1.06% | Call option |
| GOLDMAN SACHS GROUP INC | $75,780,000 | 3,000,000 | 1.04% | Put option |
| PointState Capital LP | $75,780,000 | 3,000,000 | 1.04% | Call option |
| DAVENPORT & Co LLC | $70,325,039 | 2,760,504 | 0.97% | Shares |
| GOLDMAN SACHS GROUP INC | $66,486,518 | 2,632,087 | 0.92% | Shares |
| Qube Research & Technologies Ltd | $62,947,819 | 2,491,996 | 0.87% | Shares |
| JANE STREET GROUP, LLC | $61,664,712 | 2,441,200 | 0.85% | Put option |
| CIBC Private Wealth Group LLC | $60,791,232 | 1,625,434 | 0.84% | Shares |
| UBS Group AG | $58,034,850 | 2,297,500 | 0.80% | Put option |
| Empower Advisory Group, LLC | $54,551,172 | 2,159,587 | 0.75% | Shares |
| WELLS FARGO & COMPANY/MN | $50,520,000 | 2,000,000 | 0.70% | Put option |
| Connor, Clark & Lunn Investment Management Ltd. | $49,211,002 | 1,948,179 | 0.68% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $47,405,290 | 1,876,694 | 0.65% | Shares |
| Amova Asset Management Americas, Inc. | $47,169,058 | 1,866,603 | 0.65% | Shares |
| BAILLIE GIFFORD & CO | $46,291,956 | 1,832,619 | 0.64% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $45,748,942 | 1,811,122 | 0.63% | Shares |
| Toroso Investments, LLC | $41,386,460 | 1,201,000 | 0.57% | Call option |
| Capital Impact Advisors, LLC | $39,246,235 | 1,553,691 | 0.54% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $36,611,838 | 1,449,400 | 0.50% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $36,578,182 | 1,417,759 | 0.50% | Shares |
| MUFG Securities EMEA plc | $36,511,814 | 1,445,440 | 0.50% | Shares |
| IEQ CAPITAL, LLC | $35,848,038 | 1,419,162 | 0.49% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $34,580,359 | 1,368,977 | 0.48% | Shares |
| PEREGRINE CAPITAL MANAGEMENT LLC | $33,328,499 | 1,319,418 | 0.46% | Shares |
| ARK Investment Management LLC | $31,040,642 | 1,228,846 | 0.43% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $30,163,345 | 1,194,115 | 0.42% | Shares |
| Quantinno Capital Management LP | $29,022,328 | 1,148,944 | 0.40% | Shares |
| GOLDMAN SACHS GROUP INC | $28,485,702 | 1,127,700 | 0.39% | Call option |
| D. E. Shaw & Co., Inc. | $27,786,000 | 1,100,000 | 0.38% | Put option |
| Kodai Capital Management LP | $27,335,550 | 823,112 | 0.38% | Shares |
| FIRST TRUST ADVISORS LP | $26,352,798 | 1,043,262 | 0.36% | Shares |
| MARSHALL WACE, LLP | $26,067,183 | 1,031,955 | 0.36% | Shares |
| STEADFAST CAPITAL MANAGEMENT LP | $25,737,414 | 1,018,900 | 0.35% | Shares |
| Longaeva Partners L.P. | $25,481,783 | 1,008,780 | 0.35% | Shares |
| BlackRock, Inc. | $24,883,525 | 985,096 | 0.34% | Shares |
| RAYMOND JAMES FINANCIAL INC | $23,147,355 | 916,364 | 0.32% | Shares |
| WELLS FARGO & COMPANY/MN | $23,112,900 | 915,000 | 0.32% | Call option |
| Swiss National Bank | $22,008,735 | 871,288 | 0.30% | Shares |
| NEUBERGER BERMAN GROUP LLC | $21,862,055 | 865,481 | 0.30% | Shares |
| BARCLAYS PLC | $19,988,213 | 791,299 | 0.28% | Shares |
| Davidson Kempner Capital Management LP | $19,697,874 | 779,805 | 0.27% | Shares |
| TWO SIGMA INVESTMENTS, LP | $19,032,854 | 753,478 | 0.26% | Shares |
| CYPRESS POINT INVESTMENT MANAGEMENT LP | $18,910,874 | 748,649 | 0.26% | Shares |
| Nuveen Asset Management, LLC | $18,905,635 | 508,216 | 0.26% | Shares |
| Qube Research & Technologies Ltd | $18,086,160 | 716,000 | 0.25% | Call option |
| BANK OF AMERICA CORP /DE/ | $17,961,805 | 711,077 | 0.25% | Shares |
| Hodges Capital Management Inc. | $17,817,823 | 705,377 | 0.25% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $17,264,907 | 683,488 | 0.24% | Shares |
| California Public Employees Retirement System | $16,746,647 | 662,971 | 0.23% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $16,648,866 | 659,100 | 0.23% | Call option |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $16,624,299 | 658,127 | 0.23% | Shares |
| Gotham Asset Management, LLC | $16,088,069 | 636,899 | 0.22% | Shares |
| Walleye Trading LLC | $15,984,528 | 632,800 | 0.22% | Put option |
| D. E. Shaw & Co., Inc. | $15,643,518 | 619,300 | 0.22% | Call option |
| VICTORY CAPITAL MANAGEMENT INC | $15,564,707 | 616,180 | 0.21% | Shares |
| TUDOR INVESTMENT CORP ET AL | $15,318,775 | 606,444 | 0.21% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $15,291,286 | 707,275 | 0.21% | Shares |
| Paralel Advisors LLC | $15,156,000 | 600,000 | 0.21% | Shares |
| ArrowMark Colorado Holdings LLC | $15,152,944 | 599,879 | 0.21% | Shares |
| MIRABELLA FINANCIAL SERVICES LLP | $12,846,807 | 508,583 | 0.18% | Shares |
| MARSHALL WACE, LLP | $12,731,040 | 504,000 | 0.18% | Put option |
| KCM Capital Inc | $12,630,000 | 500,000 | 0.17% | Shares |
| CITIGROUP INC | $12,630,000 | 500,000 | 0.17% | Call option |
| Cresset Asset Management, LLC | $12,098,075 | 478,942 | 0.17% | Shares |
| Cubist Systematic Strategies, LLC | $12,020,360 | 321,400 | 0.17% | Put option |
| CIBC Bancorp USA Inc. | $12,004,924 | 474,929 | 0.17% | Shares |
| Squarepoint Ops LLC | $11,990,897 | 474,699 | 0.17% | Shares |
| Cerity Partners LLC | $11,733,741 | 464,460 | 0.16% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $11,629,845 | 486,487 | 0.16% | Shares |
| Alyeska Investment Group, L.P. | $11,599,922 | 459,221 | 0.16% | Shares |
| NOMURA HOLDINGS INC | $11,409,942 | 451,700 | 0.16% | Call option |
| Solel Partners LP | $11,295,514 | 447,170 | 0.16% | Shares |
| RHUMBLINE ADVISERS | $11,270,093 | 446,165 | 0.16% | Shares |
| Candlestick Capital Management LP | $10,852,021 | 290,161 | 0.15% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $10,817,058 | 428,229 | 0.15% | Shares |
| AXON CAPITAL LP | $10,786,020 | 427,000 | 0.15% | Call option |
| Cubist Systematic Strategies, LLC | $10,632,820 | 284,300 | 0.15% | Call option |
| STRS OHIO | $10,559,994 | 418,052 | 0.15% | Shares |
| Amundi | $10,483,430 | 415,021 | 0.14% | Shares |
Company insiders 16 insiders · 5 officers · 3 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Jason Robins | Chief Executive Officer and Chairman of the Board. In addition, Jason Robins is the sole holder of 393,013,951 shares of Class B | June 12, 2026 G | 3,665,563 | 0 | 0 | $0 |
| Jason Park | Chief Financial Officer | April 23, 2024 M | 334,725 | 0 | 0 | $0 |
| Paul Liberman | President, Operations | June 1, 2026 M | 106,949 | 0 | 0 | $0 |
| Stanton R Dodge | Chief Legal Officer | Aug. 1, 2026 M | 557,917 | 0 | 11 | $-13,685,546 |
| Erik Bradbury | Chief Accounting Officer | Sept. 1, 2025 M | 18,417 | 0 | 0 | $0 |
| Shalom Meckenzie | Director | May 2, 2023 M | 35,510 | 0 | 0 | $0 |
| Matthew Kalish | — | Aug. 12, 2026 M | 6,499,725 | 0 | 0 | $0 |
| Gregory Westin Wendt | — | Aug. 4, 2026 A | — | 0 | 0 | $0 |
| Jocelyn Moore | — | Aug. 4, 2026 A | 1,461 | 0 | 0 | $0 |
| Ryan R Moore | — | Aug. 4, 2026 A | 402 | 0 | 2 | $-3,507,499 |
| Woodrow Levin | — | Aug. 4, 2026 A | 57,586 | 0 | 0 | $0 |
| Steven Joseph Murray | — | Aug. 4, 2026 A | 71,315 | 0 | 0 | $0 |
| Marni M Walden | — | Aug. 4, 2026 A | 191,134 | 0 | 0 | $0 |
| Valerie Mosley | — | Aug. 4, 2026 A | 44,166 | 0 | 0 | $0 |
| Harry Sloan | — | Aug. 4, 2026 A | 355,781 | 2 | 0 | $2,942,500 |
| Alan Wayne Ellingson | — | Aug. 1, 2026 M | 179,045 | 0 | 1 | $-2,006,716 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 72 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| ODDS · Pacer Funds Trust | 7.33% | 12,357 NS | April 30, 2026 | N-PORT |
| JXX · Janus Detroit Street Trust | 3.19% | 49,485 NS | April 30, 2026 | N-PORT |
| SCAP · Series Portfolios Trust | 2.02% | 16,810 NS | May 31, 2026 | N-PORT |
| ARKF · ARK ETF Trust | 1.79% | 634,367 NS | April 30, 2026 | N-PORT |
| ABOT · Abacus FCF ETF Trust | 1.46% | 2,751 NS | April 30, 2026 | N-PORT |
| ARKW · ARK ETF Trust | 0.95% | 680,253 NS | April 30, 2026 | N-PORT |
| FFND · Northern Lights Fund Trust II | 0.81% | 34,219 NS | May 31, 2026 | N-PORT |
| FDND · First Trust Exchange-Traded Fund IV | 0.54% | 2,227 NS | April 30, 2026 | N-PORT |
| NBCR · Neuberger Berman ETF Trust | 0.46% | 165,636 NS | May 31, 2026 | N-PORT |
| ANEW · ProShares Trust | 0.36% | 1,122 NS | May 31, 2026 | N-PORT |
| WEBL · Direxion Shares ETF Trust | 0.35% | 17,017 NS | April 30, 2026 | N-PORT |
| SXQG · EXCHANGE TRADED CONCEPTS TRUST | 0.25% | 6,861 NS | May 31, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.23% | 197,530 NS | April 30, 2026 | N-PORT |
| GSEW · Goldman Sachs ETF Trust | 0.20% | 143,010 NS | May 31, 2026 | N-PORT |
| FDIS · FIDELITY COVINGTON TRUST | 0.19% | 142,486 NS | April 30, 2026 | N-PORT |
| GXPD · Global X Funds | 0.17% | 3,488 NS | May 31, 2026 | N-PORT |
| RILA · Spinnaker ETF Series | 0.09% | 1,637 NS | April 30, 2026 | N-PORT |
| HAPI · Harbor ETF Trust | 0.06% | 11,714 NS | April 30, 2026 | N-PORT |
| AVMC · AMERICAN CENTURY ETF TRUST | 0.06% | 9,504 NS | May 31, 2026 | N-PORT |
| GGUS · Goldman Sachs ETF Trust | 0.05% | 8,472 NS | May 31, 2026 | N-PORT |
| SCHG · SCHWAB STRATEGIC TRUST | 0.04% | 1,071,447 NS | May 31, 2026 | N-PORT |
| ONEQ · Fidelity Commonwealth Trust | 0.03% | 120,608 NS | May 31, 2026 | N-PORT |
| GLBL · Pacer Funds Trust | 0.03% | 12 NS | April 30, 2026 | N-PORT |
| TOV · EA Series Trust | 0.02% | 1,643 NS | April 30, 2026 | N-PORT |
| GSUS · Goldman Sachs ETF Trust | 0.02% | 23,829 NS | May 31, 2026 | N-PORT |
| ONOF · Global X Funds | 0.02% | 1,077 NS | May 31, 2026 | N-PORT |
| SCHX · SCHWAB STRATEGIC TRUST | 0.02% | 530,051 NS | May 31, 2026 | N-PORT |
| GXLC · Global X Funds | 0.02% | 33 NS | May 31, 2026 | N-PORT |
| SCHK · SCHWAB STRATEGIC TRUST | 0.02% | 39,823 NS | May 31, 2026 | N-PORT |
| GUSA · Goldman Sachs ETF Trust II | 0.02% | 16,400 NS | May 31, 2026 | N-PORT |
| BKLC · BNY Mellon ETF Trust | 0.02% | 37,710 NS | April 30, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.02% | 292,743 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.02% | 91,035 NS | April 30, 2026 | N-PORT |
| GDE · WisdomTree Trust | 0.01% | 3,432 NS | May 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.01% | 11,550 NS | April 30, 2026 | N-PORT |
| VOXP · Advisors Series Trust | 0.01% | 30 NS | April 30, 2026 | N-PORT |
| MSLC · MORGAN STANLEY PATHWAY FUNDS | 0.01% | 18,612 NS | May 31, 2026 | N-PORT |
| EQL · ALPS ETF Trust | 0.01% | 5,050 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 54,610 NS | April 30, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 1,665 NS | April 30, 2026 | N-PORT |
| AVLC · AMERICAN CENTURY ETF TRUST | 0.00% | 457 NS | May 31, 2026 | N-PORT |
| FBCG · FIDELITY COVINGTON TRUST | 0.00% | 2,040 NS | April 30, 2026 | N-PORT |
| CLSE · Trust for Professional Managers | -0.10% | -25,848 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VBK · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VFQY · VANGUARD WELLINGTON FUND | — | — | July 30, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | — | — | July 15, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |