DraftKings's Income Statement Analysis: Revenue to Profit Breakdown
DraftKings's Income Statement Analysis: Revenue to Profit Breakdown
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FY21
Dec 31, 2021
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FY22
Dec 31, 2022
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FY23
Dec 31, 2023
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FY24
Dec 31, 2024
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FY25
Dec 31, 2025
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$1.30 B | $2.24 B | $3.67 B | $4.77 B | $6.05 B | $6.29 B |
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Cost of Revenue Direct cost of goods/services. |
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$794.16 M | $1.48 B | $2.29 B | $2.95 B | $3.56 B | $3.66 B |
Gross Profit Revenue minus cost of revenue. |
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$501.86 M | $756.19 M | $1.37 B | $1.82 B | $2.50 B | $2.63 B |
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Operating Expense
Costs to run business. |
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$2.06 B | $2.27 B | $2.16 B | $2.43 B | $2.51 B | $2.59 B |
Research and Development Investment in innovation. |
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$253.66 M | $318.25 M | $355.16 M | $397.11 M | $459.91 M | $479.83 M |
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Sales, General and Administrative
Selling and admin costs. |
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$1.81 B | $1.95 B | $1.80 B | $2.03 B | $2.05 B | $2.11 B |
General and Administrative Corporate overhead costs. |
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$828.33 M | $763.72 M | $606.57 M | $764.10 M | $673.60 M | $675.14 M |
Sales and Marketing Customer acquisition costs. |
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$981.50 M | $1.19 B | $1.20 B | $1.26 B | $1.38 B | $1.44 B |
Other Expenses Other operating costs. |
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$11.95 M | $20.70 M | - | - | - | - |
Operating Income Profit from operations. |
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-$1.56 B | -$1.51 B | -$789.23 M | -$609.00 M | -$15.82 M | $36.36 M |
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Net Interest Income
Interest income minus expense. |
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$1.96 M | $18.70 M | $55.74 M | $44.30 M | -$19.94 M | -$13.17 M |
Interest Income Income from investments. |
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$4.07 M | $21.35 M | $58.42 M | $47.26 M | - | $12.31 M |
Interest Expense Cost of borrowing. |
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$2.11 M | $2.65 M | $2.68 M | $2.96 M | $19.94 M | $25.47 M |
Non-Operating Income (ex-Int) Income outside core operations. |
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-$46.08 M | -$71.45 M | -$651.00 K | -$18.80 M | - | -$77.65 M |
Total Other Income (Net) Net non-operating items. |
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$43.97 M | $68.80 M | -$2.03 M | $15.84 M | $23.80 M | $38.53 M |
Income Before Tax Profit before taxes. |
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-$1.52 B | -$1.44 B | -$791.25 M | -$593.16 M | $7.98 M | $74.89 M |
Income Tax Expense Taxes on income. |
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$8.27 M | -$67.87 M | $10.17 M | -$86.34 M | $4.27 M | $16.24 M |
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Net Income
Final profit. |
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-$1.53 B | -$1.38 B | -$802.14 M | -$507.29 M | $3.71 M | $58.64 M |
Net Income From Continuing Operations Profit from core business. |
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-$1.52 B | -$1.38 B | -$802.14 M | -$507.29 M | $3.71 M | $58.64 M |
Net Income From Discontinued Operations Profit/loss from sold units. |
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- | - | - | - | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
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- | - | - | - | - | - |
Net Income Deductions Reductions from net income. |
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- | - | - | - | - | $8.73 M |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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-$3.79 | -$3.15 | -$1.73 | -$1.05 | $0.01 | $0.12 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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-$3.79 | -$3.15 | -$1.73 | -$1.05 | $0.01 | $0.12 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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402.49 M | 436.51 M | 462.60 M | 481.95 M | 371.00 M | 487.24 M |
Diluted Average Shares Outst. Shares including dilution. |
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402.49 M | 436.51 M | 462.60 M | 481.95 M | 495.90 M | 532.00 M |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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-$1.52 B | -$1.44 B | -$788.57 M | -$590.20 M | -$15.82 M | $114.01 M |
EBITDA Earnings before interest, tax, D&A. |
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-$1.40 B | -$1.27 B | -$586.65 M | -$319.35 M | $259.67 M | $391.05 M |
Depreciation and Amortization Non-cash expense for assets. |
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$121.14 M | $169.25 M | $201.92 M | $270.85 M | $275.49 M | $277.03 M |
| Company Report |
DraftKings's Assets vs Liabilities & Equity
DraftKings's Assets vs Liabilities & Equity
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