DraftKings Inc.DKNGEarnings & Financial Report
DraftKings Inc. is an American gambling company based in Boston, Massachusetts. It offers sportsbook and daily fantasy sports (DFS) services.
DKNG Q4 2025 Key Financial Metrics
Revenue
$2.0B
Gross Profit
$914.7M
Operating Profit
$151.8M
Net Profit
$136.4M
Gross Margin
46.0%
Operating Margin
7.6%
Net Margin
6.9%
YoY Growth
42.8%
EPS
$0.28
Financial Flow
DraftKings Inc. Q4 2025 Financial Summary
DraftKings Inc. reported revenue of $2.0B (up 42.8% YoY) for Q4 2025, with a net profit of $136.4M (up 201.2% YoY) (6.9% margin). Cost of goods sold was $1.1B, operating expenses totaled $762.9M.
Key Financial Metrics
| Total Revenue | $2.0B |
|---|---|
| Net Profit | $136.4M |
| Gross Margin | 46.0% |
| Operating Margin | 7.6% |
| Report Period | Q4 2025 |
Revenue Breakdown
DraftKings Inc. Q4 2025 revenue of $2.0B breaks down across 3 segments, led by Sportsbook at $1.4B (67.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Sportsbook | $1.4B | 67.9% |
| I Gaming | $500.2M | 25.1% |
| Other | $137.9M | 6.9% |
DraftKings Inc. Revenue by Segment — Quarterly Trend
DraftKings Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Sportsbook and I Gaming) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Sportsbook | $1.4B | $596.1M | $997.9M | $882.0M |
| I Gaming | $500.2M | $451.3M | $429.7M | $423.5M |
| Other | $137.9M | $96.6M | $85.0M | $103.4M |
DraftKings Inc. Annual Revenue by Year
DraftKings Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $6.1B). Click any linked year to see what changed vs the prior annual report.
DraftKings Inc. Quarterly Revenue & Net Profit History
DraftKings Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $2.0B | +42.8% | $136.4M | 6.9% |
| Q3 2025 | $1.1B | +4.4% | $-256.8M | -22.4% |
| Q2 2025 | $1.5B | +36.9% | $157.9M | 10.4% |
| Q1 2025 | $1.4B | +19.9% | $-33.9M | -2.4% |
| Q4 2024 | $1.4B | +13.2% | $-134.9M | -9.7% |
| Q3 2024 | $1.1B | +38.7% | $-293.7M | -26.8% |
| Q2 2024 | $1.1B | +26.2% | $63.8M | 5.8% |
| Q1 2024 | $1.2B | +52.7% | $-142.6M | -12.1% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.17B | $1.10B | $1.10B | $1.39B | $1.41B | $1.51B | $1.14B | $1.99B |
| YoY Growth | 52.7% | 26.2% | 38.7% | 13.2% | 19.9% | 36.9% | 4.4% | 42.8% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.80B | $4.22B | $4.27B | $4.28B | $4.52B | $4.47B | $4.62B | $4.53B |
| Liabilities | $2.97B | $2.92B | $3.20B | $3.27B | $3.64B | $3.46B | $3.89B | $3.90B |
| Equity | $831.0M | $1.30B | $1.08B | $1.01B | $872.9M | $1.01B | $732.3M | $631.5M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-70.4M | $29.4M | $133.6M | $325.2M | $-119.0M | $173.9M | $287.5M | $320.5M |