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DKNG · Nasdaq · United States · Services-Miscellaneous Amusement & Recreation
In shortDraftKings Inc. is profitable, generates cash and holds more cash than debt, with revenue growing (+27.0% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -0.3% | 16/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 0.1% | 20/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 0.5% | 2/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -1.0% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.03× | 19/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.91× | 60/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -4.40 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 10.7% | 63/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 174.53× | 100/100 |
| Years with positive free cash flow (last 5) | 2 of 5 | 25/100 |
Weight in the score: 20%
| Profitable years (last 5) | 1 of 5 | 20/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 34.5% | 0/100 |
| Operating margin volatility | 49.5% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 39.3% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
1 older year available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 1,296 | 2,240 | 3,665 | 4,768 | 6,055 |
| Cost of revenue | 794 | 1,484 | 2,292 | 2,951 | 3,557 |
| Gross profit | 502 | 756 | 1,373 | 1,817 | 2,498 |
| Operating income | (1,562) | (1,512) | (789) | (609) | (16) |
| Interest expense | 2.1 | 2.7 | 2.7 | 3 | – |
| Pre-tax income | (1,518) | (1,443) | (791) | (593) | 7 |
| Income tax | 8.3 | (68) | 10 | (86) | 4.3 |
| Net income | (1,523) | (1,378) | (802) | (507) | 3.7 |
| Diluted EPS | −$3.78 | −$3.16 | −$1.73 | −$1.05 | −$0.01 |
| Diluted shares (millions) | 402 | 437 | 463 | 482 | 496 |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
−4.40 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
7/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 7, 2026