(DKNG) DraftKings - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US26142V1052

Sports Betting, Fantasy Sports, iGaming, Retail Sportsbooks, NFTs

Casinos & Gaming
Market Cap in USD: 17,507m
IPO / Inception: 2020-04-24
12m vs SPY: -22.5%

EPS (Earnings per Share)

EPS (Earnings per Share) of DKNG over the last years for every Quarter: "2020-12": -0.68, "2021-03": -0.8, "2021-06": -0.78, "2021-09": -1.35, "2021-12": -0.8, "2022-03": -0.74, "2022-06": -0.5, "2022-09": -1, "2022-12": -0.53, "2023-03": -0.51, "2023-06": -0.17, "2023-09": -0.35, "2023-12": -0.1, "2024-03": -0.3, "2024-06": 0.12, "2024-09": -0.17, "2024-12": -0.28, "2025-03": 0.12, "2025-06": 0.3, "2025-09": -0.26, "2025-12": 0,
EPS CAGR: 40.30%
EPS Trend: 77.8%
Last SUE: -0.78
Qual. Beats: 0

Revenue

Revenue of DKNG over the last years for every Quarter: 2020-12: 322.223, 2021-03: 312.276, 2021-06: 297.605, 2021-09: 212.819, 2021-12: 473.325, 2022-03: 417.205, 2022-06: 466.185, 2022-09: 501.938, 2022-12: 855.133, 2023-03: 769.652, 2023-06: 874.927, 2023-09: 789.957, 2023-12: 1230.857, 2024-03: 1174.996, 2024-06: 1104.441, 2024-09: 1095.49, 2024-12: 1392.772, 2025-03: 1408.806, 2025-06: 1512.507, 2025-09: 1144.019, 2025-12: null,
Rev. CAGR: 26.53%
Rev. Trend: 91.1%
Last SUE: -1.17
Qual. Beats: 0

Dividends

Currently no dividends paid
Risk via 5d forecast
Volatility 42.7%
Value at Risk 5%th 69.6%
Relative Tail Risk -0.82%
Reward TTM
Sharpe Ratio -0.16
Alpha -36.10
CAGR/Max DD 0.78
Character TTM
Hurst Exponent 0.483
Beta 1.133
Beta Downside 1.489
Drawdowns 3y
Max DD 47.80%
Mean DD 16.80%
Median DD 14.81%

Description: DKNG DraftKings December 19, 2025

DraftKings Inc. (NASDAQ:DKNG) is a Boston-based digital sports entertainment platform that operates online sports betting, daily fantasy sports, iGaming (online casino games such as blackjack, roulette, baccarat, and slots), and a retail sportsbook network. The firm also licenses its betting-software to other operators and runs a digital collectibles marketplace that sells curated NFTs.

Key recent metrics (Q3 2024): revenue of $1.04 billion (+19% YoY), monthly active customers up 12% to 4.8 million, and adjusted EBITDA margin of 9.5%. Growth is driven by continued state-level legalization of sports betting in the U.S., rising discretionary spend on online gaming, and expanding partnerships with media companies that boost brand visibility. The broader Casinos & Gaming sub-industry is benefiting from a projected $10 billion increase in U.S. betting handle through 2027, according to industry analysts.

If you want a deeper quantitative dive, ValueRay’s analyst tools provide granular forecasts and scenario modeling for DKNG’s earnings trajectory.

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income (-267.6m TTM) > 0 and > 6% of Revenue (6% = 327.5m TTM)
FCFTA 0.13 (>2.0%) and ΔFCFTA 11.23pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 3.09% (prev -0.06%; Δ 3.15pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.14 (>3.0%) and CFO 667.6m > Net Income -267.6m (YES >=105%, WARN >=100%)
Net Debt (678.3m) to EBITDA (44.9m) ratio: 15.11 <= 3.0 (WARN <= 3.5)
Current Ratio 1.09 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (529.5m) change vs 12m ago 8.91% (target <= -2.0% for YES)
Gross Margin 47.57% (prev 38.50%; Δ 9.07pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 122.7% (prev 107.8%; Δ 14.90pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio -6.01 (EBITDA TTM 44.9m / Interest Expense TTM 37.1m) >= 6 (WARN >= 3)

Altman Z'' -6.50

(A) 0.04 = (Total Current Assets 1.95b - Total Current Liabilities 1.78b) / Total Assets 4.62b
(B) -1.42 = Retained Earnings (Balance) -6.57b / Total Assets 4.62b
warn (B) unusual magnitude: -1.42 — check mapping/units
(C) -0.05 = EBIT TTM -222.7m / Avg Total Assets 4.45b
(D) -1.68 = Book Value of Equity -6.54b / Total Liabilities 3.89b
Total Rating: -6.50 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 46.59

1. Piotroski 4.0pt
2. FCF Yield 3.40%
3. FCF Margin 11.34%
4. Debt/Equity 2.60
5. Debt/Ebitda 15.11
6. ROIC - WACC (= -15.95)%
7. RoE -29.52%
8. Rev. Trend 91.07%
9. EPS Trend 77.75%

What is the price of DKNG shares?

As of January 16, 2026, the stock is trading at USD 34.32 with a total of 11,031,645 shares traded.
Over the past week, the price has changed by -1.45%, over one month by -0.37%, over three months by -0.11% and over the past year by -8.42%.

Is DKNG a buy, sell or hold?

DraftKings has received a consensus analysts rating of 4.47. Therefore, it is recommended to buy DKNG.
  • Strong Buy: 20
  • Buy: 7
  • Hold: 5
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the DKNG price?

Issuer Target Up/Down from current
Wallstreet Target Price 44.7 30.1%
Analysts Target Price 44.7 30.1%
ValueRay Target Price 34.3 -0.1%

DKNG Fundamental Data Overview January 12, 2026

P/E Forward = 20.4918
P/S = 3.2075
P/B = 23.9069
Revenue TTM = 5.46b USD
EBIT TTM = -222.7m USD
EBITDA TTM = 44.9m USD
Long Term Debt = 1.84b USD (from longTermDebt, last quarter)
Short Term Debt = 11.5m USD (from shortTermDebt, last quarter)
Debt = 1.91b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 678.3m USD (from netDebt column, last quarter)
Enterprise Value = 18.18b USD (17.51b + Debt 1.91b - CCE 1.23b)
Interest Coverage Ratio = -6.01 (Ebit TTM -222.7m / Interest Expense TTM 37.1m)
EV/FCF = 29.38x (Enterprise Value 18.18b / FCF TTM 619.0m)
FCF Yield = 3.40% (FCF TTM 619.0m / Enterprise Value 18.18b)
FCF Margin = 11.34% (FCF TTM 619.0m / Revenue TTM 5.46b)
Net Margin = -4.90% (Net Income TTM -267.6m / Revenue TTM 5.46b)
Gross Margin = 47.57% ((Revenue TTM 5.46b - Cost of Revenue TTM 2.86b) / Revenue TTM)
Gross Margin QoQ = 71.27% (prev 43.50%)
Tobins Q-Ratio = 3.93 (Enterprise Value 18.18b / Total Assets 4.62b)
Interest Expense / Debt = 1.03% (Interest Expense 19.6m / Debt 1.91b)
Taxrate = 21.0% (US default 21%)
NOPAT = -175.9m (EBIT -222.7m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.09 (Total Current Assets 1.95b / Total Current Liabilities 1.78b)
Debt / Equity = 2.60 (Debt 1.91b / totalStockholderEquity, last quarter 732.3m)
Debt / EBITDA = 15.11 (Net Debt 678.3m / EBITDA 44.9m)
Debt / FCF = 1.10 (Net Debt 678.3m / FCF TTM 619.0m)
Total Stockholder Equity = 906.4m (last 4 quarters mean from totalStockholderEquity)
RoA = -6.01% (Net Income -267.6m / Total Assets 4.62b)
RoE = -29.52% (Net Income TTM -267.6m / Total Stockholder Equity 906.4m)
RoCE = -8.12% (EBIT -222.7m / Capital Employed (Equity 906.4m + L.T.Debt 1.84b))
RoIC = -6.77% (negative operating profit) (NOPAT -175.9m / Invested Capital 2.60b)
WACC = 9.18% (E(17.51b)/V(19.41b) * Re(10.09%) + D(1.91b)/V(19.41b) * Rd(1.03%) * (1-Tc(0.21)))
Discount Rate = 10.09% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 6.36%
[DCF Debug] Terminal Value 65.07% ; FCFF base≈408.3m ; Y1≈268.0m ; Y5≈122.3m
Fair Price DCF = 2.63 (EV 1.99b - Net Debt 678.3m = Equity 1.31b / Shares 497.8m; r=9.18% [WACC]; 5y FCF grow -40.0% → 2.90% )
[DCF Warning] FCF declining rapidly (-40.0%), DCF may be unreliable
EPS Correlation: 77.75 | EPS CAGR: 40.30% | SUE: -0.78 | # QB: 0
Revenue Correlation: 91.07 | Revenue CAGR: 26.53% | SUE: -1.17 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.27 | Chg30d=+0.002 | Revisions Net=+0 | Analysts=3
EPS next Year (2026-12-31): EPS=1.63 | Chg30d=-0.014 | Revisions Net=-2 | Growth EPS=+150.8% | Growth Revenue=+22.2%

Additional Sources for DKNG Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle