DraftKings (DKNG) stock price, revenue, and financials

DraftKings market cap is $4.6 b, and annual revenue was $614.53 m in FY 2020

$4.6 B

DKNG Mkt cap, 12-May-2022

$212.8 M

DraftKings Revenue Q3, 2021
DraftKings Gross profit (Q3, 2021)42.1 M
DraftKings Gross profit margin (Q3, 2021), %19.8%
DraftKings Net income (Q3, 2021)-545 M
DraftKings EBIT (Q3, 2021)-546.5 M
DraftKings Cash, 30-Sept-20212.4 B
DraftKings EV3.6 B
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DraftKings Revenue

DraftKings revenue was $614.53 m in FY, 2020 which is a 90% year over year increase from the previous period.

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DraftKings Revenue Breakdown

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DraftKings revenue breakdown by business segment: 84.2% from Online Gaming Revenue, 12.3% from Gaming Software Revenue and 3.5% from Other

DraftKings revenue breakdown by geographic segment: 88.6% from United States and 11.4% from International Revenue

DraftKings Income Statement

Annual

USDFY, 2018FY, 2019FY, 2020

Revenue

226.3m323.4m614.5m

Revenue growth, %

43%90%

Cost of goods sold

48.7m103.9m346.6m

Gross profit

177.6m219.5m267.9m

Gross profit Margin, %

78%68%44%

Sales and marketing expense

145.6m185.3m495.2m

R&D expense

32.9m55.9m168.6m

General and administrative expense

75.9m124.9m447.4m

Operating expense total

254.4m366.1m1.1b

EBIT

(76.8m)(146.5m)(843.3m)

EBIT margin, %

(34%)(45%)(137%)

Interest expense

1.1m

Interest income

666.0k1.3m

Investment income

3.0m

Pre tax profit

(76.1m)(142.2m)(844.3m)

Income tax expense

105.0k58.0k(622.0k)

Net Income

(76.2m)(142.7m)(844.3m)

EPS

(0.2)(0.4)(2.8)

DraftKings Balance Sheet

Annual

USDFY, 2018FY, 2019FY, 2020

Cash

117.9m76.5m1.8b

Accounts Receivable

21.3m19.8m44.5m

Prepaid Expenses

11.2m20.8m14.6m

Current Assets

262.2m261.1m2.2b

PP&E

14.1m25.9m40.8m

Goodwill

4.7m4.7m569.6m

Total Assets

299.4m330.7m3.4b

Accounts Payable

56.1m85.3m223.6m

Short-term debt

12.8m

Current Liabilities

195.9m255.1m554.4m

Long-term debt

68.8m

Total Debt

81.6m

Total Liabilities

223.3m380.3m742.5m

Common Stock

384.0k390.0k79.0k

Additional Paid-in Capital

670.4m690.4m4.7b

Retained Earnings

(856.0m)(998.8m)(1.8b)

Total Equity

76.1m(49.6m)2.7b

Debt to Equity Ratio

0 x

Debt to Assets Ratio

0 x

Financial Leverage

3.9 x-6.7 x1.3 x

DraftKings Cash Flow

Annual

USDFY, 2019FY, 2020

Net Income

2.3m(844.3m)

Depreciation and Amortization

77.4m

Accounts Receivable

(13.8m)

Accounts Payable

1.3m103.6m

Cash From Operating Activities

(1.9m)(337.9m)

Purchases of PP&E

(11.8m)

Cash From Investing Activities

(398.9m)(227.3m)

Long-term Borrowings

(60.7k)

Cash From Financing Activities

401.2m2.3b

Net Change in Cash

491.2k1.7b

Interest Paid

417.0k

Income Taxes Paid

1.1m1.4m

Quarterly

USDQ2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

796.7k2.3m479.4k(230.1m)(577.9m)(346.3m)(651.9m)(1.2b)

Depreciation and Amortization

23.4m50.0m28.2m58.2m88.6m

Accounts Receivable

(6.3m)(15.4m)(4.2m)(993.0k)(421.0k)

Accounts Payable

518.3k246.1k2.2k11.7m112.3m71.4m73.3m194.7m

Cash From Operating Activities

175.8k(1.1m)(736.9k)(135.0m)(241.3m)(77.8m)(176.4m)(247.3m)

Purchases of PP&E

(3.3m)(8.2m)(2.4m)(6.2m)(11.2m)

Cash From Investing Activities

(400.0m)(399.2m)403.5k(198.7m)(211.6m)(51.3m)(100.6m)(118.7m)

Cash From Financing Activities

401.0m401.2m1.5b1.5b1.1b1.1b1.1b

Net Change in Cash

1.1m870.9k(333.5k)1.2b1.1b1.0b855.8m770.1m

Interest Paid

417.0k417.0k

Income Taxes Paid

766.7k

DraftKings Ratios

USDFY, 2018

Revenue/Employee

442.7k

Financial Leverage

3.9 x

DraftKings Human Capital

Gender

Y, 2017
Male, percent81%
Female, percent19%

Ethnicity

Y, 2017
Asian, percent10%
Hispanic, percent7%
White, percent78%
Other5%

DraftKings Employee Rating

4.4279 votes
Culture & Values
4.4
Work/Life Balance
4
Senior Management
4
Salary & Benefits
4.3
Career Opportunities
4.2
Source