The Tip Desk

DraftKings Inc.

Company Stats

Market Cap
$16.9B
as of Sep 30, 2026
Enterprise Value
$17.6B
Shares Outstanding
889.5M
Free Float
52.9%

Income Statement

Revenue
$6.1B
Operating Income
-$15.8M
Net Income
$3.7M
EBITDA
$259.7M
Revenue Growth, 3Y
39.3%
FCF Margin, 3Y Avg
6.2%
FCF Margin, Worst Year
-0.6%

Cash Flow

Free Cash Flow
$647.5M
FCF Yield
3.8%
Owner FCF Yield
1.8%

Balance Sheet

Cash & Equivalents
$1.1B
Total Debt
$1.9B
Net Debt
$733.0M
Net Debt / EBITDA
2.82x
EV / EBITDA
67.90x

Returns & Capital

Share Repurchases
$571.5M
Buyback Yield, 3Y Avg
1.2%
SBC, 3Y Avg
$373.0M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$6.1B$647.5M10.7%
FY2024$4.8B$407.6M8.5%
FY2023$3.7B-$22.7M-0.6%
FY2022$2.2B-$657.9M-29.4%
FY2021$1.3B-$435.4M-33.6%

Annual filing data through FY ended December 31, 2025; shares and float as of October 6, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage