DraftKings Inc. (DKNG) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
222 BERKELEY STREET BOSTON, MA 02116 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 799 - Miscellaneous Amusement And Recreation (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 1,271 | 1,309 | |||
| Cash and cash equivalent | 1,271 | 1,309 | |||
| Restricted cash and investments | 12 | ||||
| Receivables | 48 | 51 | |||
| Other undisclosed current assets | 742 | 725 | |||
| Total current assets: | 2,071 | 2,085 | |||
| Noncurrent Assets | |||||
| Operating lease, right-of-use asset | 94 | 66 | |||
| Property, plant and equipment | 61 | 60 | |||
| Long-term investments and receivables | 10 | 10 | |||
| Long-term investments | 10 | 10 | |||
| Intangible assets, net (including goodwill) | 1,577 | 1,663 | |||
| Goodwill | 886 | 886 | |||
| Intangible assets, net (excluding goodwill) | 691 | 777 | |||
| Other undisclosed noncurrent assets | 132 | 156 | |||
| Total noncurrent assets: | 1,873 | 1,955 | |||
| TOTAL ASSETS: | 3,945 | 4,040 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities, including: | 640 | 518 | |||
| Accounts payable | 34 | 10 | |||
| Accrued liabilities | 262 | 320 | |||
| Other undisclosed accounts payable and accrued liabilities | 344 | 188 | |||
| Deferred revenue | 174 | 134 | |||
| Other liabilities | 47 | 38 | |||
| Other undisclosed current liabilities | 689 | 557 | |||
| Total current liabilities: | 1,550 | 1,246 | |||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | 1,254 | 1,251 | |||
| Long-term debt, excluding current maturities | 1,254 | 1,251 | |||
| Liabilities, other than long-term debt | 238 | 209 | |||
| Deferred income tax liabilities | 73 | 70 | |||
| Other liabilities | 84 | 70 | |||
| Operating lease, liability | 81 | 69 | |||
| Other undisclosed noncurrent liabilities | 64 | 11 | |||
| Total noncurrent liabilities: | 1,555 | 1,471 | |||
| Total liabilities: | 3,105 | 2,717 | |||
| Equity | |||||
| Equity, attributable to parent, including: | 840 | 1,323 | |||
| Treasury stock, value | (412) | (332) | |||
| Additional paid in capital | 7,150 | 6,750 | |||
| Accumulated other comprehensive income | 36 | 36 | |||
| Accumulated deficit | (5,934) | (5,132) | |||
| Other undisclosed equity, attributable to parent | 0 | 0 | |||
| Total equity: | 840 | 1,323 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,945 | 4,040 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | ||
|---|---|---|---|---|
| Revenues | 3,665 | 2,240 | ||
| Cost of revenue | (2,292) | (1,484) | ||
| Gross profit: | 1,373 | 756 | ||
| Operating expenses | (1,807) | (1,950) | ||
| Other undisclosed operating loss | (355) | (318) | ||
| Operating loss: | (789) | (1,512) | ||
| Nonoperating income | 58 | 21 | ||
| Investment income, nonoperating | 58 | |||
| Other nonoperating income (expense) | (0) | 21 | ||
| Interest and debt expense | (3) | |||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (58) | 48 | ||
| Loss from continuing operations before equity method investments, income taxes: | (791) | (1,443) | ||
| Loss from equity method investments | (1) | (3) | ||
| Loss from continuing operations before income taxes: | (792) | (1,446) | ||
| Income tax expense (benefit) | (10) | 68 | ||
| Net loss available to common stockholders, diluted: | (802) | (1,378) | ||
Comprehensive Income ($ in millions)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | ||
|---|---|---|---|---|
| Net loss: | (802) | (1,378) | ||
| Comprehensive loss, net of tax, attributable to parent: | (802) | (1,378) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.