# DraftKings Inc. Class A Common Stock (DKNG) — Stock CV

DraftKings Inc. is a $9.73B consumer company. Revenue grew 15.0% over the last year, and it currently loses money.

> DraftKings got its start in 2012 as an innovator in daily fantasy sports.

## Identity

- **Ticker**: DKNG
- **Sector**: Consumer Cyclical
- **Industry**: Services-Miscellaneous Amusement & Recreation
- **Headquarters**: BOSTON, MA
- **Employees**: 5 500
- **Website**: https://www.draftkings.com
- **Market cap**: $9.73B
- **Last price**: $19.59
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $6.22B
- **Net income**: -$167M
- **Free cash flow**: $651M
- **P/E**: 2620.1
- **Revenue growth (YoY)**: 15.0%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 57 |
| Growth | 50 |
| Profitability | 0 |
| Health | 15 |
| Quality | 50 |
| Moat | 13 |

## Qualifications (beginner checklist) — 5 of 10 passed

- [x] Revenue growing — +15.0% YoY
- [ ] Profitable — -$167M TTM
- [x] Profit growing — +100.7% YoY
- [x] Generates cash — $651M TTM
- [ ] Debt under control — current ratio 1.02
- [x] Established company — $9.73B market cap
- [x] Not printing shares — -9.0% shares over ~5y
- [ ] Proven track record — 1/6 profitable years
- [ ] Financially stable — health score 15/100
- [ ] Valuation not extreme — P/E 2620.1

## Experience (career milestones)

- **FY2025** — Turned profitable: $3.71M net income after a loss year
- **FY2025** — Best year on record: $3.71M net income
- **2022** — DraftKings acquired Golden Nugget Online Gaming
- **FY2021** — Revenue crossed $1B: $1.30B for the year
- **2021** — DraftKings acquired the Vegas Stats & Information Network (VSiN), a Las Vegas-based radio network and…
- **2020** — DraftKings became a publicly traded company through a reverse merger with SBTech, a Bulgarian technology company
- **2020** — Retired NBA player Michael Jordan became an investor and board advisor at DraftKings
- **2019** — The merger involved Diamond Eagle Acquisition Corp., a special-purpose acquisition company that went public in May 2019
- **2018** — DraftKings launched its first legal online sportsbook in New Jersey
- **Feb 5, 2016** — DraftKings officially launched in the UK on February 5, 2016, with daily fantasy soccer
- **2014** — It announced the acquisition of rival DraftStreet, owned at the time by IAC, the third largest player…
- **2012** — DraftKings was established in 2012 by Jason Robins, Matthew Kalish
- **2012** — The company's first product was a one-on-one baseball competition, launched to coincide with Major League Baseball's…

## Strengths

- High gross margin (40.5%)
- Revenue growing 15.0% year over year
- Piotroski F-Score 8/9 — fundamentally strong checklist

## Watch-outs

- Not profitable — 2.7% net margin
- Thin interest coverage (1.4×)
- Loss-making in 5 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $1.30B | -$1.52B | -$435M |
| FY2022 | $2.24B | -$1.38B | -$658M |
| FY2023 | $3.67B | -$802M | -$22.7M |
| FY2024 | $4.77B | -$507M | $408M |
| FY2025 | $6.05B | $3.71M | $648M |

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Source: https://stockcv.com/DKNG — derived from company filings; may be delayed or incomplete. Information, not investment advice.