Draftkings Inc. income statement
In fiscal 2025, Draftkings Inc. reported revenue of $6.05bn, up 27.0% on the year before, operating income of −$15.8m (a -0.3% margin) and net income of $3.7m, or −$0.01 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 615 | 1,296 | 2,240 | 3,665 | 4,768 | 6,055 | 6,223 |
| Cost of revenue | 347 | 794 | 1,484 | 2,292 | 2,951 | 3,557 | 3,700 |
| Gross profit | 268 | 502 | 756 | 1,373 | 1,817 | 2,498 | 2,523 |
| Selling and marketing | 495 | 982 | 1,186 | 1,201 | 1,265 | 1,380 | 1,527 |
| General and administrative | 447 | 828 | 764 | 607 | 764 | 674 | 679 |
| Operating income | −843 | −1,562 | −1,512 | −789 | −609 | −16 | −182 |
| Interest expense | — | 2 | 3 | 3 | 3 | — | — |
| Net interest income | −1 | 2 | 19 | — | — | — | — |
| Income before tax | −1,232 | −1,518 | −1,443 | −791 | −593 | 7 | −172 |
| Income tax | −1 | 8 | −68 | 10 | −86 | 4 | 3 |
| Net income | −1,232 | −1,523 | −1,378 | −802 | −507 | 4 | −167 |
| Diluted EPS | −$4.03 | −$3.78 | −$3.16 | −$1.73 | −$1.05 | −$0.01 | −$0.34 |
| Diluted shares (average) | 306m | 402m | 437m | 463m | 482m | 496m | 492m |
| EBITDA | −766 | −1,440 | −1,343 | −587 | −338 | 260 | 110 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,095 | 1,393 | 1,409 | 1,513 | 1,144 | 1,989 | 1,646 | 1,443 |
| Cost of revenue | 742 | 835 | 844 | 855 | 784 | 1,075 | 949 | 892 |
| Gross profit | 353 | 558 | 565 | 658 | 360 | 915 | 697 | 551 |
| Selling and marketing | 340 | 369 | 344 | 233 | 360 | 443 | 402 | 323 |
| General and administrative | 208 | 217 | 164 | 166 | 157 | 187 | 166 | 169 |
| Operating income | −299 | −139 | −46 | 151 | −272 | 152 | 6 | −68 |
| Interest expense | 1 | 1 | 5 | 12 | — | — | — | — |
| Income before tax | −295 | −146 | −39 | 170 | −271 | 147 | 23 | −72 |
| Income tax | −1 | −11 | −6 | 12 | −12 | 10 | 6 | −2 |
| Net income | −294 | −135 | −34 | 158 | −257 | 136 | 21 | −68 |
| Diluted EPS | −$0.60 | −$0.27 | −$0.07 | $0.30 | −$0.52 | $0.26 | $0.03 | −$0.14 |
| EBITDA | −209 | −73 | 24 | 216 | −206 | 226 | 78 | 12 |
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