DraftKings Inc. financial data

Symbol
DKNG on Nasdaq
Industry
Services-Miscellaneous Amusement & Recreation
Location
222 Berkeley Street, Boston, MA
State of incorporation
Nevada
Fiscal year end
December 31
Former names
New Duke Holdco, Inc. (to 5/5/2022)
Latest financial report
10-Q - Q2 2024 - Aug 2, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 127 % -21.1%
Debt-to-equity 320 % +42.1%
Return On Equity -43.1 % +55.7%
Return On Assets -10.3 % +65.7%

Shares

Label TTM Value / Value Unit Change %
Entity Public Float 10.9B USD +118%
Weighted Average Number of Shares Outstanding, Basic 479M shares +3.65%
Weighted Average Number of Shares Outstanding, Diluted 519M shares +12.2%

Income Statement

Label TTM Value / Value Unit Change %
Cost of Revenue 2.63B USD +39.3%
Selling and Marketing Expense 1.16B USD -8.16%
General and Administrative Expense 649M USD -1.08%
Operating Income (Loss) -502M USD +56.2%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -447M USD +17.3%
Income Tax Expense (Benefit) -65.8M USD -541%
Net Income (Loss) Attributable to Parent -406M USD +65.2%
Earnings Per Share, Basic -0.86 USD/shares +66.4%
Earnings Per Share, Diluted -0.89 USD/shares +65.2%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 816M USD -26.7%
Accounts Receivable, after Allowance for Credit Loss, Current 65M USD -40.5%
Assets, Current 1.52B USD -11.4%
Property, Plant and Equipment, Net 57.4M USD -4.19%
Operating Lease, Right-of-Use Asset 89.5M USD +53.4%
Intangible Assets, Net (Excluding Goodwill) 949M USD +29.2%
Goodwill 1.46B USD +64.3%
Assets 4.22B USD +17%
Accounts Payable, Current 34.1M USD +236%
Employee-related Liabilities, Current 94.8M USD +20.3%
Contract with Customer, Liability, Current 117M USD +11.4%
Liabilities, Current 1.37B USD +27.5%
Deferred Income Tax Liabilities, Net 71.6M USD +3.4%
Operating Lease, Liability, Noncurrent 78.2M USD +21.3%
Other Liabilities, Noncurrent 116M USD +48%
Liabilities 2.92B USD +12.8%
Accumulated Other Comprehensive Income (Loss), Net of Tax 36.5M USD 0%
Retained Earnings (Accumulated Deficit) -6.01B USD -7.25%
Stockholders' Equity Attributable to Parent 1.3B USD +27.5%
Liabilities and Equity 4.22B USD +17%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -70.4M USD +65.1%
Net Cash Provided by (Used in) Financing Activities -30.6M USD -21.8%
Net Cash Provided by (Used in) Investing Activities -39.2M USD -42.2%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -140M USD +44.8%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1.07B USD -28.2%
Interest Paid, Excluding Capitalized Interest, Operating Activities 0 USD
Deferred Tax Assets, Valuation Allowance 1.36B USD +10.7%
Deferred Tax Assets, Gross 1.39B USD +10.1%
Operating Lease, Liability 89.6M USD +21.8%
Payments to Acquire Property, Plant, and Equipment 3.03M USD -57.4%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -1.38B USD +12.2%
Lessee, Operating Lease, Liability, to be Paid 110M USD +12.8%
Property, Plant and Equipment, Gross 136M USD +17.7%
Operating Lease, Liability, Current 11.5M USD +247%
Lessee, Operating Lease, Liability, to be Paid, Year Two 14.7M USD +13.7%
Lessee, Operating Lease, Liability, to be Paid, Year One 15.3M USD +76.7%
Operating Lease, Weighted Average Discount Rate, Percent 0.07 pure 0%
Deferred Income Tax Expense (Benefit) 540K USD -76%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 20.5M USD -14.8%
Lessee, Operating Lease, Liability, to be Paid, Year Three 15.6M USD +30.2%
Deferred Tax Assets, Operating Loss Carryforwards 1.04B USD +8.48%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 300M shares 0%
Unrecognized Tax Benefits 57.4M USD -1.01%
Lessee, Operating Lease, Liability, to be Paid, Year Four 16.2M USD +37.8%
Operating Lease, Payments 4.03M USD +27.5%
Additional Paid in Capital 7.74B USD +11.3%
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets 198M USD +16.4%
Depreciation, Depletion and Amortization 46.1M USD +51.8%
Deferred Tax Assets, Net of Valuation Allowance 33.4M USD -8.68%
Share-based Payment Arrangement, Expense 376M USD -18.8%
Interest Expense 2.67M USD +0.75%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%