DraftKings Inc. (DKNG) Income Statement
DKNG 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsDKNG revenue and net income
Where DKNG's revenue goes
2025Each bar shows an amount and its share of revenue. DKNG kept 0.1% of revenue as net income.
DKNG profit margins
DKNG growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +27.0% | +39.3% | +58.0% | — |
| Gross profit | +37.4% | +48.9% | +56.3% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | +172.7% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
DKNG quarterly EPS vs estimates
DraftKings beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 5, 2026 (estimate $-0.23).
DKNG income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.05B | $4.77B | $3.67B | $2.24B | $1.30B | $614.5M | $323.4M | $226.3M | $191.8M |
| Cost of revenue | $3.56B | $2.95B | $2.29B | $1.48B | $794.2M | $346.6M | $103.9M | $48.7M | $31.8M |
| Gross profit | $2.50B | $1.82B | $1.37B | $756.2M | $501.9M | $267.9M | $219.5M | $177.6M | $160.1M |
| Research & development | $459.9M | $397.1M | $355.2M | $318.2M | $253.7M | $168.6M | $55.9M | $32.9M | $20.2M |
| Sales, general & admin | $2.05B | $2.03B | $1.81B | $1.95B | $1.81B | $942.6M | $310.1M | $221.5M | $213.1M |
| Total operating expenses | $2.51B | $2.43B | $2.16B | $2.27B | $2.06B | $1.11B | $366.1M | $254.4M | $233.3M |
| Operating income | −$15.8M | −$609.0M | −$789.2M | −$1.51B | −$1.56B | −$843.3M | −$146.5M | −$76.8M | −$73.2M |
| Interest income | — | $47.3M | $58.4M | $21.4M | $4.1M | — | $1.3M | — | — |
| Interest expense | $19.9M | $3.0M | $2.7M | $2.7M | $2.1M | $1.1M | $3.9M | $0 | $1.5M |
| Income before taxes | $8.0M | −$593.6M | −$792.0M | −$1.45B | −$1.51B | −$1.23B | −$142.7M | −$76.1M | −$75.3M |
| Income taxes | $4.3M | −$86.3M | $10.2M | −$67.9M | $8.3M | −$622,000 | $58,000 | $105,000 | $210,000 |
| Net income | $3.7M | −$507.3M | −$802.1M | −$1.38B | −$1.52B | −$1.23B | −$142.7M | −$76.2M | −$75.6M |
| EBITDA | $303.4M | −$319.3M | −$586.7M | −$1.27B | −$1.39B | −$765.8M | −$132.9M | −$69.3M | −$66.9M |
| EPS (diluted) | $0.60 | $0.22 | −$0.82 | −$3.20 | −$3.69 | −$2.35 | −$0.78 | −$0.41 | — |
| Gross margin | 41.3% | 38.1% | 37.5% | 33.8% | 38.7% | 43.6% | 67.9% | 78.5% | 83.5% |
| Operating margin | −0.3% | −12.8% | −21.5% | −67.5% | −120.5% | −137.2% | −45.3% | −33.9% | −38.2% |
| Net margin | 0.1% | −10.6% | −21.9% | −61.5% | −117.5% | −200.5% | −44.1% | −33.7% | −39.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.44B | $1.65B | $1.99B | $1.14B | $1.51B | $1.41B | $1.39B | $1.10B | $1.10B | $1.17B | $1.23B | $790.0M |
| Cost of revenue | $891.8M | $949.4M | $1.07B | $784.1M | $854.6M | $843.8M | $834.6M | $742.4M | $663.4M | $710.1M | $716.7M | $543.5M |
| Gross profit | $551.5M | $696.7M | $914.7M | $359.9M | $657.9M | $565.0M | $558.1M | $353.1M | $441.0M | $464.9M | $514.2M | $246.5M |
| Research & development | $127.6M | $123.2M | $133.6M | $114.7M | $108.4M | $103.3M | $112.1M | $103.6M | $92.7M | $88.8M | $88.2M | $89.0M |
| Sales, general & admin | $492.0M | $567.7M | $629.4M | $517.1M | $398.9M | $508.1M | $585.2M | $548.1M | $380.8M | $515.0M | $469.9M | $444.1M |
| Total operating expenses | $619.6M | $690.8M | $762.9M | $631.8M | $507.3M | $611.3M | $697.3M | $651.6M | $473.4M | $603.8M | $558.0M | $533.1M |
| Operating income | −$68.2M | $5.8M | $151.8M | −$271.9M | $150.6M | −$46.3M | −$139.2M | −$298.6M | −$32.4M | −$138.8M | −$43.8M | −$286.6M |
| Interest income | — | — | — | — | $12.3M | $9.5M | $8.8M | $9.2M | $14.2M | $15.1M | $18.8M | $14.4M |
| Interest expense | $7.4M | $5.7M | $5.4M | $19.6M | $11.6M | $5.1M | $760,000 | $872,000 | $678,000 | $649,000 | $688,000 | $670,000 |
| Income before taxes | −$71.9M | $27.4M | $146.6M | −$268.9M | $169.7M | −$39.5M | −$146.0M | −$295.0M | −$9.7M | −$142.9M | −$37.8M | −$281.8M |
| Income taxes | −$4.2M | $6.4M | $10.1M | −$12.1M | $11.8M | −$5.6M | −$11.1M | −$1.3M | −$73.6M | −$351,000 | $6.9M | $1.3M |
| Net income | −$67.6M | $21.1M | $136.4M | −$256.8M | $157.9M | −$33.9M | −$134.9M | −$293.7M | $63.8M | −$142.6M | −$44.6M | −$283.1M |
| EBITDA | $8.5M | $93.4M | $220.6M | −$159.1M | $246.9M | $35.8M | −$78.7M | −$204.0M | $52.8M | −$89.4M | $18.4M | −$230.9M |
| EPS (diluted) | −$0.08 | $0.20 | $0.36 | −$0.26 | $0.38 | $0.12 | $0.14 | −$0.17 | $0.22 | $0.03 | −$0.10 | −$0.35 |
| Gross margin | 38.2% | 42.3% | 46.0% | 31.5% | 43.5% | 40.1% | 40.1% | 32.2% | 39.9% | 39.6% | 41.8% | 31.2% |
| Operating margin | −4.7% | 0.4% | 7.6% | −23.8% | 10.0% | −3.3% | −10.0% | −27.3% | −2.9% | −11.8% | −3.6% | −36.3% |
| Net margin | −4.7% | 1.3% | 6.9% | −22.4% | 10.4% | −2.4% | −9.7% | −26.8% | 5.8% | −12.1% | −3.6% | −35.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in DKNG's financial statements (latest annual report filed February 13, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
DKNG financial results
In fiscal year 2025 (ended December 31, 2025), DraftKings reported revenue of $6.1 billion, up 27.0% from the year before. It had net income of $3.7 million, a net profit margin of 0.1%. Diluted earnings per share came to $0.60. Over five years revenue grew at an average rate of 58.0% a year.
See the DKNG stock overview for the latest quote and news, or the DKNG chart for price history and technical indicators.
DKNG income statement FAQ
What is DraftKings's annual revenue?
DraftKings reported total revenue of $6.1 billion for fiscal year 2025, which ended on December 31, 2025. That was up 27.0% from $4.8 billion the previous year.
Is DraftKings profitable?
Yes. DraftKings reported net income of $3.7 million in fiscal 2025, a net profit margin of 0.1%; its operating margin was −0.3%.
What is DraftKings's gross margin?
DraftKings's gross margin was 41.3% in fiscal 2025: for every $100 of revenue, DraftKings kept $41 after the direct cost of its products and services.
How much does DraftKings spend on research and development?
DraftKings spent $459.9 million on research and development in fiscal 2025, 7.6% of revenue.
How fast is DraftKings growing?
Revenue grew 58.0% a year on average over the last five fiscal years, from $614.5 million to $6.1 billion.
What are DraftKings's earnings per share?
DraftKings earned $0.60 per diluted share in fiscal 2025, compared with $0.22 a year earlier.
When will DraftKings report its next earnings?
DraftKings is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does DraftKings's fiscal year end?
DraftKings's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 13, 2026.