DraftKings got its start in 2012 as an innovator in daily fantasy sports.
It is a $9.73B consumer company. Revenue grew 15.0% over the last year, and it currently loses money.
- Website
- draftkings.com
- Location
- Boston, MA
- Employees
- 5 500
- Sector
- Consumer Cyclical
- Founded
- 2012
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Profitability, Health and Moat lag behind.
Valuation57
- P/E vs own history50th pct · 12/25
- FCF yield6.7% · 20/25
- P/S1.6x · 25/25
- EV/EBITDA92.8x · 0/25
Growth50
- Revenue CAGR47.0% · 25/25
- Net income CAGRn/a · 0/25
- EPS CAGR ~5Yn/a · 0/25
- Fwd implied growth8267.3% · 25/25
Profitability0
- ROICn/a · 0/25
- ROE-26.3% · 0/25
- Net margin-2.7% · 0/25
- Operating margin-2.9% · 0/25
Health15
- Altman Zn/a · 0/25
- Current ratio1.02 · 12/25
- Interest coverage1.4x · 3/25
- Net cash / debtn/a · 0/25
Quality50
- Piotroski F8/9 · 25/25
- Beneish M-3.02 · 25/25
- FCF conversionn/a · 0/25
- Margin stabilityσ 64.2% · 0/25
Moat13
- ROIC >12% years0/4 yrs · 0/25
- Median gross margin38.4% · 13/25
- FCF-positive years2/6 yrs · 0/25
- Worst-year net marginworst -137.4% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialTurned profitable$3.71M net income after a loss year
- FY2025FinancialBest year on record$3.71M net income
- 2022AcquisitionDraftKings acquired Golden Nugget Online Gaming
- FY2021FinancialRevenue crossed $1B$1.30B for the year
- 2021AcquisitionDraftKings acquired the Vegas Stats & Information Network (VSiN), a Las Vegas-based radio network and…
- 2020AcquisitionDraftKings became a publicly traded company through a reverse merger with SBTech, a Bulgarian technology company
- 2020MilestoneRetired NBA player Michael Jordan became an investor and board advisor at DraftKings
- 2019IPOThe merger involved Diamond Eagle Acquisition Corp., a special-purpose acquisition company that went public in May 2019
- 2018ProductDraftKings launched its first legal online sportsbook in New Jersey
- Feb 5, 2016ProductDraftKings officially launched in the UK on February 5, 2016, with daily fantasy soccer
- 2014AcquisitionIt announced the acquisition of rival DraftStreet, owned at the time by IAC, the third largest player…
- 2012FoundedDraftKings was established in 2012 by Jason Robins, Matthew Kalish
- 2012ProductThe company's first product was a one-on-one baseball competition, launched to coincide with Major League Baseball's…
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (40.5%)
- Revenue growing 15.0% year over year
- Piotroski F-Score 8/9 — fundamentally strong checklist
Watch-outs
- Not profitable — 2.7% net margin
- Thin interest coverage (1.4×)
- Loss-making in 5 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+15.0% YoY
- Profitable — makes more than it spends-$167M TTM
- Profit growing — earnings are higher than last year+100.7% YoY
- Generates cash — cash left after running and investing$651M TTM
- Debt under control — could handle its obligationscurrent ratio 1.02
- Established company — not a micro-cap — lower blow-up risk$9.73B market cap
- Not printing shares — share count not ballooning — you keep your slice-9.0% shares over ~5y
- Proven track record — years of profitability behind it1/6 profitable years
- Financially stable — balance sheet not near distresshealth score 15/100
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsP/E 2620.1
Peer comparisonDraftKings Inc. vs 6 largest consumer cyclical peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| DKNG this company | $9.7B | 2620.1 | +15.0% | -2.7% | Strained |
| AMZN Amazon.Com Inc | $2.8T | 20.9 | +15.8% | 17.4% | Mixed |
| TSLA Tesla, Inc. | $1.5T | 397.1 | +11.8% | 3.7% | Strong |
| NFLX NetFlix Inc | $292.8B | 21.4 | +16.0% | 28.2% | Solid |
| HD Home Depot, Inc. | $290.4B | 20.4 | -16.0% | 8.7% | Solid |
| DIS The Walt Disney Company | $186.5B | 21.7 | +4.6% | 8.7% | Solid |
| MCD McDonald's Corporation | $166.9B | 18.9 | +6.3% | 31.7% | Strained |
Head-to-head: DKNG vs AMZN · DKNG vs TSLA · DKNG vs NFLX
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2020–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/DKNG
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of DKNG on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $19.59 · market cap $9.73B.