your badges 52W Range $19–$37 0% of range Analyst Rating BUY 45 analysts Price Target $35 +89% upside P/E -53.1 ROE -21.1% Net Profit Margin -2.7%

DKNG Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $18.59
P/E (TTM) -53.1
EPS (TTM) $-0.35
Revenue (TTM) $6.22B
ROE (TTM) -21.1%
52W Range $19–$37

DKNG Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04
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10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$6.05B
2020-12-31 → 2025-12-31
EPS$-0.01
2020-12-31 → 2025-12-31
Free Cash Flow$648M
2022-12-31 → 2025-12-31
Net margin-2.7%
2022-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend DKNG 5Y avg Peer Median Verdict
P/E (TTM) -53.15Y avg ≈-876.4 ≈-876.4 · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise -152.0%
Next Report Nov 04, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Aug 4, 2026 $-0.14 $0.02 -918.7%
March 31, 2026 $0.03 $0.01 —
Dec. 31, 2025 $0.25 $0.15 68.1%
Sept. 30, 2025 $-0.52 $-0.43 -21.6%
June 30, 2025 $0.30 $0.16 91.4%
March 31, 2025 $-0.07 $-0.09 21.0%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 15
Metric Trend 202520242023202220212020
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) 495,638,000481,954,000462,599,000436,513,000402,492,000305,593,000
Shares (Diluted) 495,903,000481,954,000462,599,000436,513,000402,492,000305,593,000
EBITDA $260M$-338M$-587M$-1.34B··
Balance Sheet 22
Metric Trend 202520242023202220212020
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 202520242023202220212020
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 202520242023202220212020
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 202520242023202220212020
Current Ratio 1.00.91.31.7··
Quick Ratio 0.70.50.91.1··
Interest Coverage ··-294.6···
Efficiency 2
Metric Trend 202520242023202220212020
Asset Turnover 1.41.20.90.6··
Receivables Turnover 74.178.097.348.7··
Per Share 3
Metric Trend 202520242023202220212020
Revenue / Share $12.21$9.89$7.92$5.13··
Cash Flow / Share $1.34$0.87$-0.00$-1.43··
EPS (TTM) $-0.01$-1.05$-1.73$-3.16··
Growth Rates 3
Metric Trend 202520242023202220212020
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 202520242023202220212020
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%··

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312024-12-312023-12-312022-12-312021-12-31
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

Institutional owners (13F) 811 filers · $13.5B total · As of Sept. 30, 2026

17

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.

Holders 811
Value held $13.5B
New positions 135
Exited positions 121
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
135 (+18 vs prior Q) 121 (-68 vs prior Q) 209 (-18 vs prior Q) 262 (-9 vs prior Q) +13.2M

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
VANGUARD GROUP INC $1,542,367,710 44,758,204 11.39% Shares
CIBC Bancorp USA Inc. $942,618,916 37,316,338 6.96% Shares
AQR CAPITAL MANAGEMENT LLC $749,415,726 29,668,081 5.54% Shares
Capital World Investors $626,405,159 24,798,304 4.63% Shares
JANUS HENDERSON GROUP PLC $588,288,186 27,665,699 4.35% Shares
BlackRock, Inc. $579,862,736 22,955,769 4.28% Shares
VANGUARD CAPITAL MANAGEMENT LLC $544,982,555 21,574,923 4.03% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $484,842,031 19,194,063 3.58% Shares
NORGES BANK $299,283,966 11,848,138 2.21% Shares
SPRUCE HOUSE INVESTMENT MANAGEMENT LLC $243,759,000 9,650,000 1.80% Shares
GEODE CAPITAL MANAGEMENT, LLC $240,435,026 9,515,972 1.78% Shares
PointState Capital LP $227,002,476 8,986,638 1.68% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $219,961,554 8,707,900 1.62% Call option
STATE STREET CORP $211,204,619 8,361,228 1.56% Shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ $187,349,117 7,411,878 1.38% Shares
JANE STREET GROUP, LLC $185,754,462 7,353,700 1.37% Call option
BAILLIE GIFFORD & CO $181,282,230 7,176,652 1.34% Shares
MORGAN STANLEY $155,946,701 6,173,660 1.15% Shares
Atlas Venture Advisors, Inc. $134,379,815 5,319,866 0.99% Shares
FMR LLC $128,105,809 5,071,489 0.95% Shares
AMERIPRISE FINANCIAL INC $127,697,437 5,055,144 0.94% Shares
CITADEL ADVISORS LLC $122,596,884 4,853,400 0.91% Call option
Contour Asset Management LLC $116,720,802 4,620,776 0.86% Shares
IEQ CAPITAL, LLC $115,724,730 4,581,343 0.85% Shares
Hood River Capital Management LLC $107,240,547 4,245,469 0.79% Shares
UBS Group AG $102,294,892 4,049,679 0.76% Call option
JACOBS LEVY EQUITY MANAGEMENT, INC $99,984,309 3,958,207 0.74% Shares
UBS Group AG $99,844,242 3,952,662 0.74% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $97,465,710 3,858,500 0.72% Put option
WELLINGTON MANAGEMENT GROUP LLP $96,798,998 3,832,106 0.72% Shares
BAMCO INC /NY/ $95,195,442 3,768,624 0.70% Shares
CIBC WORLD MARKET INC. $89,004,469 3,523,534 0.66% Shares
JPMORGAN CHASE & CO $86,944,015 3,347,898 0.64% Shares
BANK OF AMERICA CORP /DE/ $82,106,368 3,250,450 0.61% Shares
VANGUARD FIDUCIARY TRUST CO $80,410,865 3,183,328 0.59% Shares
WELLS FARGO & COMPANY/MN $80,021,171 3,167,901 0.59% Shares
RAYMOND JAMES FINANCIAL INC $79,245,876 3,137,208 0.59% Shares
GOLDMAN SACHS GROUP INC $77,813,077 3,080,486 0.57% Shares
Walleye Trading LLC $76,924,278 3,045,300 0.57% Call option
GOLDMAN SACHS GROUP INC $75,780,000 3,000,000 0.56% Put option
PointState Capital LP $75,780,000 3,000,000 0.56% Call option
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $70,608,621 2,795,274 0.52% Shares
DAVENPORT & Co LLC $70,325,039 2,760,504 0.52% Shares
Qube Research & Technologies Ltd $62,947,819 2,491,996 0.47% Shares
MARSHALL WACE, LLP $62,316,420 2,467,000 0.46% Put option
NORTHERN TRUST CORP $61,925,067 2,451,507 0.46% Shares
JANE STREET GROUP, LLC $61,664,712 2,441,200 0.46% Put option
CIBC Private Wealth Group LLC $60,791,232 1,625,434 0.45% Shares
UBS Group AG $58,034,850 2,297,500 0.43% Put option
Empower Advisory Group, LLC $54,551,172 2,159,587 0.40% Shares

Show all 811 institutional owners →

Company insiders 16 insiders · 6 officers · 11 directors

19
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 Sept. 1, 2026 M 3,718,932 0 0 $0
Alan Wayne Ellingson Chief Financial Officer Sept. 1, 2026 M 193,558 0 1 $-246,146
Jason Park Chief Financial Officer April 23, 2024 M 334,725 0 0 $0
Paul Liberman President, Operations Sept. 1, 2026 M 144,578 0 2 $-12,187,932
Stanton R Dodge Chief Legal Officer Oct. 1, 2026 M 578,275 0 9 $-8,685,499
Erik Bradbury Chief Accounting Officer May 20, 2026 S 38,168 0 4 $-256,165
Matthew Kalish Director Sept. 2, 2026 J 5,634,845 0 0 $0
Jocelyn Moore Director Aug. 19, 2026 S 1,881 0 2 $-313,794
Gregory Westin Wendt Director Aug. 4, 2026 A 17,920 1 0 $302,700
Ryan R Moore Director Aug. 4, 2026 A 7,279 0 0 $0
Woodrow Levin Director Aug. 4, 2026 A 29,820 0 1 $-880,156
Steven Joseph Murray Director Aug. 4, 2026 A 78,374 0 0 $0
Marni M Walden Director Aug. 4, 2026 A 198,057 0 0 $0
Valerie Mosley Director Aug. 4, 2026 A 50,817 0 0 $0
Shalom Meckenzie Director May 2, 2023 M 35,510 0 0 $0
Harry Sloan · Aug. 4, 2026 A 355,781 2 0 $2,942,500

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 53 ETFs

20

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 6.57% 11,271 NS July 31, 2026 N-PORT
JXX · Janus Detroit Street Trust 2.50% 28,364 NS July 31, 2026 N-PORT
ARKF · ARK ETF Trust 1.87% 558,450 NS July 31, 2026 N-PORT
ABOT · Abacus FCF ETF Trust 1.42% 2,451 NS July 31, 2026 N-PORT
ARKW · ARK ETF Trust 0.91% 625,131 NS July 31, 2026 N-PORT
GGME · Invesco Exchange-Traded Fund Trust 0.54% 12,516 SH Oct. 2, 2026 Daily
QQQJ · Invesco Exchange-Traded Fund Trust … 0.48% 293,385 SH Oct. 2, 2026 Daily
FDND · First Trust Exchange-Traded Fund IV 0.46% 1,926 NS July 31, 2026 N-PORT
VFQY · VANGUARD WELLINGTON FUND 0.39% 72,431 SH Aug. 19, 2026 Daily
IWP · iShares Trust 0.33% 2,693,593 SH Sept. 11, 2026 Daily
VBK · VANGUARD INDEX FUNDS 0.33% 6,245,985 SH Aug. 19, 2026 Daily
WEBL · Direxion Shares ETF Trust 0.30% 11,980 NS July 31, 2026 N-PORT
FNY · First Trust Exchange-Traded AlphaDE… 0.30% 72,673 NS July 31, 2026 N-PORT
FXD · First Trust Exchange-Traded AlphaDE… 0.27% 30,474 NS July 31, 2026 N-PORT
PNQI · Invesco Exchange-Traded Fund Trust 0.26% 70,224 SH Oct. 2, 2026 Daily
BBMC · J.P. Morgan Exchange-Traded Fund Tr… 0.24% 207,465 NS July 31, 2026 N-PORT
VCR · VANGUARD WORLD FUND 0.22% 599,860 SH Aug. 19, 2026 Daily
FDIS · FIDELITY COVINGTON TRUST 0.21% 151,982 NS July 31, 2026 N-PORT
ISCG · iShares Trust 0.20% 80,182 SH Sept. 11, 2026 Daily
IYC · iShares Trust 0.20% 95,490 SH Sept. 11, 2026 Daily
DFAS · Dimensional ETF Trust 0.17% 1,089,074 NS July 31, 2026 N-PORT
PRFZ · Invesco Exchange-Traded Fund Trust 0.15% 200,640 SH Oct. 2, 2026 Daily
VXF · VANGUARD INDEX FUNDS 0.14% 5,693,347 SH Aug. 19, 2026 Daily
VB · VANGUARD INDEX FUNDS 0.14% 10,810,965 SH Aug. 19, 2026 Daily
ESML · iShares Trust 0.14% 165,066 SH Sept. 11, 2026 Daily
WSML · iShares Trust 0.09% 26,507 SH Sept. 11, 2026 Daily
RILA · Spinnaker ETF Series 0.09% 1,585 NS July 31, 2026 N-PORT
FAD · First Trust Exchange-Traded AlphaDE… 0.09% 21,819 NS July 31, 2026 N-PORT
IWR · iShares Trust 0.08% 1,957,270 SH Sept. 11, 2026 Daily
FBUF · Fidelity Greenwood Street Trust 0.08% 776 NS July 31, 2026 N-PORT
FNX · First Trust Exchange-Traded AlphaDE… 0.07% 40,778 NS July 31, 2026 N-PORT
HAPI · Harbor ETF Trust 0.06% 11,734 NS July 31, 2026 N-PORT
EQAL · Invesco Exchange-Traded Fund Trust … 0.05% 21,043 SH Oct. 2, 2026 Daily
VONG · VANGUARD SCOTTSDALE FUNDS 0.04% 750,650 SH Aug. 19, 2026 Daily
FHEQ · Fidelity Greenwood Street Trust 0.04% 14,385 NS July 31, 2026 N-PORT
IWF · iShares Trust 0.03% 1,791,678 SH Sept. 11, 2026 Daily
DXUV · Dimensional ETF Trust 0.03% 7,589 NS July 31, 2026 N-PORT
TILT · FlexShares Trust 0.02% 21,172 NS July 31, 2026 N-PORT
VTI · VANGUARD INDEX FUNDS 0.02% 14,954,771 SH Aug. 19, 2026 Daily
VONE · VANGUARD SCOTTSDALE FUNDS 0.02% 78,337 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.02% 39,937 SH Aug. 19, 2026 Daily
IYY · iShares Trust 0.02% 21,346 SH Sept. 11, 2026 Daily
IWB · iShares Trust 0.02% 333,192 SH Sept. 11, 2026 Daily
ITOT · iShares Trust 0.02% 647,160 SH Sept. 11, 2026 Daily
IWV · iShares Trust 0.02% 131,828 SH Sept. 11, 2026 Daily
BKLC · BNY Mellon ETF Trust 0.02% 36,132 NS July 31, 2026 N-PORT
VOXP · Advisors Series Trust 0.01% 30 NS July 31, 2026 N-PORT
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.01% 404,820 SH Aug. 19, 2026 Daily
OMFL · Invesco Exchange-Traded Self-Indexe… 0.01% 13,790 SH Oct. 2, 2026 Daily
DFAC · Dimensional ETF Trust 0.00% 54,610 NS July 31, 2026 N-PORT
DCOR · Dimensional ETF Trust 0.00% 1,665 NS July 31, 2026 N-PORT
ISCB · iShares Trust · 21,303 SH Sept. 11, 2026 Daily
ISCV · iShares Trust · 49,101 SH Sept. 11, 2026 Daily

DKNG Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 45 analysts BUY
Median target $33.00 +77.5%
10 22.2% Strong Buy
25 55.6% Buy
9 20.0% Hold
1 2.2% Sell
0 0.0% Strong Sell

12-Month Price Target

36 analysts · 2026-09-30

Mean target $35.12 +88.9%

← Below all targets Current price $18.59
Low$20.00 Mean$35.12 High$76.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

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%
WYNN $12.51B 38.3 0.14% 4.6% -131.0% ·
MGM $9.43B 48.0 1.7% 1.2% 7.5% ·
CZR $4.74B -9.7 2.1% -4.4% -13.1% ·
CHDN $7.92B 8.0 7.0% 13.1% 37.3% ·
RRR · 19.9 3.7% 9.3% 88.8% ·
BYD $6.51B 3.8 4.1% 45.1% 88.0% ·
RSI · 62.7 22.8% 2.9% 29.5% ·
MCRI $1.71B 17.6 4.4% 18.6% 18.8% 23.4%

Latest News Recent headlines mentioning this company

23
Meta prediction markets app Arena sinks DraftKings, Robinhood stock Yahoo Finance · 3 months, 1 week ago Jim Cramer on DraftKings: “This Thing Finally Has Momentum” Yahoo Finance · 3 months, 2 weeks ago DraftKings Hits the Jackpot With Super App Pivot Yahoo Finance · 3 months, 3 weeks ago DraftKings Stock Soars as Predictions Volume Explodes. DKNG’s Next Growth Engine Might Just Be Getting Started. Yahoo Finance · 3 months, 3 weeks ago DraftKings (DKNG) Reports Q1 2026 Revenue of $1.65B, Up 17% YoY Yahoo Finance · 4 months, 1 week ago DraftKings (DKNG) Slid on Cautious Revenue Guidance Yahoo Finance · 4 months, 1 week ago Is DraftKings Stock a Buy on Super-App Potential? Nasdaq · 4 months, 3 weeks ago DraftKings (DKNG) Eyes Alberta Launch, With the World Cup as Its Opening Act Yahoo Finance · 5 months, 1 week ago DraftKings (DKNG) Investing to Revitalize Growth Amid Competition and Customer Acquisition Concerns Yahoo Finance · 6 months, 1 week ago DraftKings and Penn Entertainment Are Climbing Today: Is the Sports Betting Sector Turning a Corner? Yahoo Finance · 6 months, 1 week ago

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

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Source: SEC 10-Q filed Aug 7, 2026