DraftKings Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $6.05B | $4.77B | $3.67B | $2.24B | $1.30B | $614.5M |
| Cost of Revenue | $3.56B | $2.95B | $2.29B | $1.48B | $794.2M | $346.6M |
| Gross Profit | $2.50B | $1.82B | $1.37B | $756.2M | $501.9M | $267.9M |
| Gross Margin | 41.3% | 38.1% | 37.5% | 33.8% | 38.7% | 43.6% |
| Operating Expenses | ||||||
| Research & Development | — | — | — | — | — | — |
| SG&A Expense | $673.6M | $764.1M | $606.6M | $763.7M | $828.3M | $447.4M |
| Operating Income | $-15.8M | $-609.0M | $-789.2M | $-1.51B | $-1.56B | $-843.3M |
| Operating Margin | -0.3% | -12.8% | -21.5% | -67.5% | -120.5% | -137.2% |
| Interest Expense | — | — | $2.7M | $2.7M | $2.1M | — |
| Pretax Income | $7.0M | $-593.2M | $-791.3M | $-1.44B | $-1.52B | $-1.23B |
| Income Tax Expense | $4.3M | $-86.3M | $10.2M | $-67.9M | $8.3M | $-622.0K |
| Net Income | $3.7M | $-507.3M | $-802.1M | $-1.38B | $-1.52B | $-1.23B |
| Net Margin | 0.1% | -10.6% | -21.9% | -61.5% | -117.5% | -200.5% |
| EPS (Basic) | $0.01 | $-1.05 | $-1.73 | $-3.16 | $-3.78 | $-4.03 |
| EPS (Diluted) | $-0.01 | $-1.05 | $-1.73 | $-3.16 | $-3.78 | $-4.03 |
| Shares Outstanding (Basic) | 495.6M | 482.0M | 462.6M | 436.5M | 402.5M | 305.6M |
| Shares Outstanding (Diluted) | 495.9M | 482.0M | 462.6M | 436.5M | 402.5M | 305.6M |
| Dividends Per Share | — | — | — | — | — | — |