DraftKings Inc (DKNG)

Official site

CONSUMER CYCLICAL • GAMBLING • NASDAQ

$19.31

+0.41 (+2.17%)

Market Cap: $9.59B

Last updated: Oct 16, 2026 at 5:00 PM ET

Earnings

Performance (10Y)

Beat Rate

41%(11/27)

Avg Surprise

-12.70%

Upcoming Estimates

Period ending Sep 30, 2026

EPS Consensus$-0.16

Range$-0.45 - $-0.04

9 analysts

EPS RevisionsNo revisions (7d)

30d

EPS Estimate DriftChange to current

90d ago$-0.10-55.9%

60d ago$-0.14-12.1%

30d ago$-0.14-7.8%

7d ago$-0.16+3.2%

Current$-0.16

Revenue Consensus

$1.4B

Range$1.2B - $1.6B

28 analysts

Period ending Dec 31, 2026

EPS Consensus$0.69

Range$0.44 - $1.04

14 analysts

Revenue Consensus

$2.1B

Range$1.9B - $2.4B

34 analysts

Period	Reported	Est.	Range	Surprise	B/M	Analysts	Revisions	YoY
Dec 31, 2026Dec 26EST	-	$0.69	$0.44 - $1.04	-	-	14	-	-
Sep 30, 2026Sep 26EST	-	$-0.16	$-0.45 - $-0.04	-	-	9	0 1 30d	-
Jun 30, 2026Jun 26 Reported Aug 6, 2026Reported Aug 6	$-0.08	$0.08	-	-200.00%	Miss	10	0 7 30d	-121.1%
Mar 31, 2026Mar 26 Reported May 7, 2026Reported May 7	$0.20	$0.17	$-0.04 - $0.28	+17.65%	Beat	10	0 5 30d	+66.7%
Dec 31, 2025Dec 25 Reported Feb 12, 2026Reported Feb 12	$0.36	$0.41	$0.24 - $0.52	-12.20%	Miss	8	5 0 30d	+157.1%
Sep 30, 2025Sep 25 Reported Nov 6, 2025Reported Nov 6	$-0.26	$-0.26	$-0.38 - $-0.08	+0.00%	Beat	8	0 8 30d	-52.9%
Jun 30, 2025Jun 25 Reported Aug 7, 2025Reported Aug 7	$0.38	$0.41	$0.30 - $0.54	-7.32%	Miss	7	4 1 30d	+72.7%
Mar 31, 2025Mar 25 Reported May 8, 2025Reported May 8	$0.12	$0.12	$0.07 - $0.17	+0.00%	Beat	5	0 5 30d	+300.0%
Dec 31, 2024Dec 24 Reported Feb 13, 2025Reported Feb 13	$0.14	$-0.18	$-0.26 - $0.20	+177.78%	Beat	6	0 4 30d	+240.0%
Sep 30, 2024Sep 24 Reported Nov 8, 2024Reported Nov 8	$-0.17	$-0.24	-	+29.17%	Beat	22	8 1 30d	+51.4%
Jun 30, 2024Jun 24 Reported Aug 1, 2024Reported Aug 1	$0.22	$0.23	$0.17 - $0.34	-4.35%	Miss	22	0 1 30d	+57.1%
Mar 31, 2024Mar 24 Reported May 2, 2024Reported May 2	$0.03	N/A	-	+121.43%	Beat	23	1 0 30d	+105.9%
Dec 31, 2023Dec 23 Reported Feb 15, 2024Reported Feb 15	$-0.10	$0.08	$-0.08 - $0.21	-225.00%	Miss	23	2 0 30d	+80.0%
Sep 30, 2023Sep 23 Reported Nov 2, 2023Reported Nov 2	$-0.35	$-0.59	$-0.81 - $-0.41	+40.68%	Beat	22	4 0 30d	+63.9%
Jun 30, 2023Jun 23 Reported Aug 3, 2023Reported Aug 3	$0.14	$-0.13	$-0.21 - $-0.04	+207.69%	Beat	23	14 0 30d	+128.6%
Mar 31, 2023Mar 23 Reported May 4, 2023Reported May 4	$-0.51	$-0.76	$-1.02 - $-0.66	+32.89%	Beat	25	5 5 30d	+58.9%
Dec 31, 2022Dec 22 Reported Feb 16, 2023Reported Feb 16	$-0.50	$-0.49	$-0.73 - $-0.26	-2.04%	Miss	22	6 1 30d	+36.7%
Sep 30, 2022Sep 22 Reported Nov 4, 2022Reported Nov 4	$-0.97	$-0.92	$-1.22 - $-0.76	-5.43%	Miss	22	5 0 30d	+28.1%
Jun 30, 2022Jun 22 Reported Aug 5, 2022Reported Aug 5	$-0.49	$-0.68	$-1.03 - $-0.47	+27.94%	Beat	25	1 1 30d	+35.5%
Mar 31, 2022Mar 22 Reported May 6, 2022Reported May 6	$-1.24	$-1.03	$-1.39 - $-0.74	-20.39%	Miss	23	5 1 30d	-57.0%
Dec 31, 2021Dec 21 Reported Feb 18, 2022Reported Feb 18	$-0.79	$-0.63	$-0.97 - $-0.62	-25.40%	Miss	23	4 2 30d	-16.2%
Sep 30, 2021Sep 21 Reported Nov 5, 2021Reported Nov 5	$-1.35	$-0.91	$-1.35 - $-0.79	-48.35%	Miss	23	1 0 30d	-37.8%
Jun 30, 2021Jun 21 Reported Aug 6, 2021Reported Aug 6	$-0.76	$-0.54	$-0.81 - $-0.28	-40.74%	Miss	14	2 0 30d	-43.4%
Mar 31, 2021Mar 21 Reported May 7, 2021Reported May 7	$-0.79	$-0.43	$-0.81 - $-0.29	-83.72%	Miss	17	No revisions (30d)	-393.8%
Dec 31, 2020Dec 20 Reported Feb 26, 2021Reported Feb 26	$-0.68	$-0.47	$-0.66 - $-0.30	-44.68%	Miss	19	1 0 30d	-1260.0%
Sep 30, 2020Sep 20 Reported Nov 13, 2020Reported Nov 13	$-0.98	$-0.62	$-0.89 - $-0.23	-58.06%	Miss	14	1 0 30d	-3366.7%
Jun 30, 2020Jun 20 Reported Aug 14, 2020Reported Aug 14	$-0.53	$-0.15	$-0.36 - $-0.10	-253.33%	Miss	8	2 0 30d	-2750.0%
Mar 31, 2020Mar 20 Reported May 15, 2020Reported May 15	$-0.16	$-0.11	$-0.11 - $-0.11	-45.45%	Miss	1	No revisions (30d)	-
Dec 31, 2019Dec 19 Reported Mar 12, 2020Reported Mar 12	$-0.05	N/A	-	+78.26%	Beat	-	-	-
Sep 30, 2019Sep 19 Reported Nov 13, 2019Reported Nov 13	$0.03	N/A	-	N/A	Beat	-	-	-
Jun 30, 2019Jun 19 Reported Aug 12, 2019Reported Aug 12	$0.02	$0.00	-	N/A	Beat	-	-	-
Mar 31, 2019Mar 19 Reported May 14, 2019Reported May 14	$0.00	$0.00	-	N/A	Beat	-	-	-

Key Metrics

Valuation
P/E Ratio	87.77	EV/EBITDA	114.22x
Price/FCF	34.01x	FCF Yield	2.94%
Profitability
Profit Margin	-2.68%	Operating Margin	-4.72%
ROE	-21.10%	ROIC	-5.58%
Financial Health
Debt/Equity	3.22x	Interest Coverage	N/A
Current Ratio	1.02x	Quick Ratio	1.02x
Trading Statistics
Beta	1.61	Avg Volume	15.82M
52-Week High	$36.98	52-Week Low	$18.50

Technical Indicators Dashboard

Moving Averages

SMA 10$19.41

SMA 20$20.16

SMA 50$22.81

SMA 200$25.05

EMA 10$19.60

EMA 20$20.36

EMA 50$22.03

EMA 200$25.69

MACD

Line: -1.06Signal: -1.13Hist: 0.07

ADX

ADX: 20.4+DI: 14.1-DI: 26.9

Aroon & PSAR

Aroon Up12.0

Aroon Down96.0

PSAR$20.31

Bollinger Bands

Upper Band$22.45

Lower Band$17.88

%B Position2268%(Upper)

Band Width0.31

RSI (14-Day)

Neutral

38.8

Momentum Oscillators

Stoch %K22.6

Stoch %D25.6

Williams %R-76.4

ROC (10d)-0.2%

Momentum-0.04

CCI (20d)-68.5

MFI (14d)37.4

Volatility Measures

ATR (14d)$1.03(5.3%)

StdDev (20d)1.14

Hist Vol51.1%(High)

Volume Flow

VWAP$19.20

OBV-127.3M

AD Line-255.7M

CMF (20d)-0.188

Volume Metrics

Avg Vol (20d)16.1M

Vol Ratio0.8x

VWMA (20d)$20.27

Pivot Points

R3$20.88

R2$20.32

R1$19.61

Pivot Point$19.06

S1$18.35

S2$17.79

S3$17.08

Advanced Oscillators

TSI-26.87

Ultimate Osc48.2

KST-179.61

Financial Data

Quarter	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Total Revenue	$1.44B	$1.65B	$1.99B	$1.14B	$1.51B	$1.41B	$1.39B	$1.10B	$1.10B	$1.17B	$1.23B	$789.96M
Cost of Revenue	$891.78M	$949.38M	$1.07B	$784.08M	$854.56M	$843.80M	$834.64M	$742.43M	$663.41M	$710.07M	$716.66M	$543.45M
Gross Profit	$551.45M	$696.69M	$914.69M	$359.94M	$657.95M	$565.00M	$558.13M	$353.06M	$441.03M	$464.93M	$514.20M	$246.50M

Operating Expenses	$619.63M	$690.84M	$762.93M	$631.83M	$507.30M	$611.33M	$697.31M	$651.65M	$473.42M	$603.76M	$558.01M	$533.09M
R&D	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
SG&A	$169.44M	$165.93M	$186.73M	$156.78M	$165.70M	$164.39M	$216.64M	$208.13M	$165.08M	$174.25M	$179.08M	$130.76M
Operating Income	$-68,174,000	$5.85M	$151.76M	$-271,890,000	$150.64M	$-46,331,000	$-139,179,000	$-298,594,000	$-32,388,000	$-138,838,000	$-43,809,000	$-286,586,000

Interest Income	$-7,434,000	$-5,739,000	$-22,162,000	$-19,573,000	$665,000	$4.39M	$6.69M	$8.33M	$14.21M	$15.07M	$16.11M	$14.42M
Interest Expense	$3.68M	$0	$4.74M	$0	$0	$0	$6.36M	$0	$678,000	$649,000	$0	$670,000
Income Before Tax	$-71,858,000	$22.92M	$147.03M	$-270,510,000	$169.92M	$-39,419,000	$-145,535,000	$-294,865,000	$-9,509,000	$-143,249,000	$-37,492,000	$-281,804,000
Income Tax Expense	$-1,797,000	$6.37M	$10.15M	$-12,065,000	$11.79M	$-5,600,000	$-11,133,000	$-1,287,000	$-73,570,000	$-351,000	$6.86M	$1.29M

Net Income	$-67,610,000	$21.07M	$136.43M	$-256,788,000	$157.94M	$-33,864,000	$-134,851,000	$-293,688,000	$63.82M	$-142,568,000	$-44,621,000	$-283,103,000

EBITDA	$15.92M	$100.32M	$226.46M	$-184,866,000	$234.55M	$26.30M	$-87,456,000	$-213,241,000	$38.58M	$-104,487,000	$-398,000	$-245,309,000
EBIT	$-64,424,000	$28.66M	$152.45M	$-250,937,000	$169.25M	$-43,814,000	$-153,555,000	$-303,193,000	$-23,043,000	$-157,667,000	$-55,596,000	$-295,554,000

* Some calculated fields are derived from available data when not provided by source

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DKNG Valuation and Fair Value

P/E: 87.8x
Forward P/E: 12.6x
EV/EBITDA: 114.2x
P/FCF: 34.0x
PEG: 0.1x
P/B: 30.2x

See GNG's fair value

DKNG Profitability: Margins, ROIC and FCF

Gross margin: 40.5%
Operating margin: -4.7%
Net margin: -2.7%
ROIC: -5.6%
ROE: -21.1%
FCF margin: 8.1%
FCF yield: 2.9%

DKNG Competitors

Company	Ticker
Domino's Pizza Inc Common Stock	DPZ
Aptiv PLC	APTV
Murphy USA Inc	MUSA
Xpeng Inc	XPEV
Dillard's, Inc.	DDS
Brinker International Inc	EAT
Li Auto Inc	LI
Nio Inc Class A ADR	NIO

Sector: Consumer Cyclical

DKNG Analyst Ratings

Consensus: Buy
Analysts: 37
Strong Buy: 5
Buy: 25
Hold: 6
Sell: 0
Strong Sell: 1

DKNG Bull Case vs Bear Case

Bull case

81.1% of DKNG's analyst ratings are Buy or Strong Buy.

Bear case

DKNG trades at 87.8x trailing earnings.
DKNG has a -2.7% net profit margin.
DKNG beat EPS estimates in 37.5% of its last 8 reported quarters.

DKNG Earnings: Beat Rate and Next Report

Beat rate: 3 of 8 quarters (37.5%)
Average surprise: 0.6%
EPS estimate (fiscal period ending Sep 30, 2026): $-0.16
Estimate revisions (30 days, fiscal period ending Sep 30, 2026): 0 up, 1 down

Frequently Asked Questions About DKNG

Does DKNG pay dividends?

DraftKings Inc (DKNG) does not currently pay a regular dividend.

What is DKNG's P/E ratio?

DraftKings Inc has a price-to-earnings (P/E) ratio of 87.77.

What is DKNG's market cap?

DraftKings Inc (DKNG) has a market capitalization of $9.59B with a current stock price of $19.31.

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