| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Total revenue | 1,646,076 | 1,989,193 | 1,144,019 | 1,512,507 |
| Cost of revenue | 569,531 | 669,809 | 455,449 | 985,332 |
| Other adjusted cost of revenue | 313,196 | 335,505 | 268,059 | 586,345 |
| Sales and marketing expenses | 391,482 | 431,567 | 350,890 | 222,898 |
| Product and technology expenses | 97,617 | 102,931 | 92,320 | 67,496 |
| General and administrative expenses | 106,398 | 106,181 | 103,788 | 127,804 |
| Depreciation and amortization | 71,661 | 74,002 | 66,071 | 65,299 |
| Interest income | NaN | NaN | NaN | 12,305 |
| Interest expense | NaN | NaN | NaN | 11,640 |
| Interest (income) expense, net | -5,739 | -5,428 | -14,513 | NaN |
| Stock-based compensation | 65,215 | 103,291 | 72,473 | 84,701 |
| Income tax provision (benefit) | 6,369 | 10,149 | -12,065 | 11,790 |
| Other segment items | -2,202 | 13,904 | -15,751 | -20,890 |
| Net income (loss) attributable to common stockholders | 21,070 | 136,426 | -256,788 | 157,936 |
| Depreciation and amortization | 71,661 | 74,002 | 66,071 | 65,299 |
| Non-cash interest income | NaN | NaN | NaN | 652 |
| Cash paid for interest | NaN | NaN | NaN | 1,315 |
| Non-cash interest (income) expense, net | -1,303 | -642 | -1,658 | NaN |
| Stock-based compensation | 65,215 | 103,291 | 72,473 | 84,701 |
| (gain) loss on remeasurement of warrant liabilities | 0 | -3,870 | -4,233 | 5,851 |
| (gain) loss from equity method investment | 4,517 | -450 | 1,657 | -191 |
| (gain) loss on marketable equity securities and other financial assets, net | NaN | -4,406 | NaN | NaN |
| Loss on sale of vegas sports information network, llc | NaN | 0 | 0 | NaN |
| Deferred income taxes | -215 | -14,704 | -3,617 | -730 |
| Other non-cash (gain) loss, net | 22,656 | 857 | 18,486 | 18,921 |
| Receivables reserved for users | NaN | -54,063 | -11,706 | -13,327 |
| Accounts receivable | -19,458 | 40,022 | 6,562 | 2,373 |
| Prepaid expenses and other current assets | -46 | -15,299 | 29,178 | -22,562 |
| Deposits and other non-current assets | -1,143 | 1,539 | -730 | -2,396 |
| Operating leases, net | NaN | 0 | NaN | 0 |
| Accounts payable and accrued expenses | -80,999 | 77,194 | 153,429 | -29,491 |
| Liabilities to users | -123,371 | -87,351 | 297,383 | -138,087 |
| Long-term income tax liability | 1,285 | 3,575 | 3,715 | 8,885 |
| Other long-term liabilities | 2,140 | -532 | 1,772 | 1,712 |
| Net cash flows provided by (used in) operating activities | -48,437 | 320,473 | 287,477 | 173,921 |
| Purchases of property and equipment | 7,085 | 3,956 | 4,433 | 4,316 |
| Cash paid for internally developed software costs | 37,070 | 37,722 | 33,018 | 29,166 |
| Cash paid for gaming market access and licenses | 1,060 | 3,613 | 2,109 | 605 |
| Proceeds from marketable equity securities and other financial assets | NaN | 0 | NaN | NaN |
| Cash paid for acquisitions, net of cash acquired | NaN | 16,381 | 0 | 0 |
| Collection of loan receivable | NaN | 11,784 | NaN | NaN |
| Other investing activities | 2,995 | 0 | 2,271 | 1,172 |
| Net cash flows provided by (used in) investing activities | -48,210 | -49,888 | -41,831 | -35,259 |
| Proceeds from term b loan, net | 0 | 0 | 0 | 0 |
| Repayment of term b loan principal | 1,500 | 1,500 | 1,500 | 1,500 |
| Proceeds from exercise of warrants | NaN | 0 | NaN | NaN |
| Purchase of treasury stock for rsu withholding | 24,303 | 124,279 | 31,628 | 27,534 |
| Purchase of treasury stock under stock repurchase program | 98,640 | 257,575 | 71,212 | 100,463 |
| Proceeds from exercise of stock options | 3,315 | 1,342 | 2,927 | 2,908 |
| Proceeds from shares issued under employee stock purchase plan | NaN | 8,343 | 0 | 6,900 |
| Other financing activities | 0 | -508 | 0 | 0 |
| Net cash flows provided by (used in) financing activities | -121,128 | -374,177 | -101,413 | -119,689 |
| Net increase (decrease) in cash and cash equivalents, restricted cash, and cash reserved for users | -217,775 | -103,592 | 144,233 | 18,973 |
| Cash and cash equivalents, restricted cash, and cash reserved for users at the beginning of period | 1,604,595 | 1,708,187 | 1,563,954 | 1,544,981 |
| Cash and cash equivalents, restricted cash, and cash reserved for users at the end of period | 1,386,820 | 1,604,595 | 1,708,187 | 1,563,954 |
DraftKings Inc. (DKNG)
DraftKings Inc. (DKNG)