DraftKings is an American daily fantasy sports contest and sports betting company. The company allows users to enter daily and weekly fantasy sports–related contests and win money based on individual player performances in five major American sports (MLB, the NHL, the NFL, the NBA and the PGA), Premier League and UEFA Champions League football, NASCAR auto racing, Canadian Football League, the XFL, mixed martial arts (MMA), Tennis, All Elite Wrestling (AEW), and WWE.
![DraftKings Inc. - Ordinary Shares logo](/files/LOGO/1883685-DKNG.png)
Company profile
Ticker
DKNG
Exchange
Website
CEO
Jason D. Robins
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
New Duke Holdco, Inc.
SEC CIK
Corporate docs
Subsidiaries
Crown FL Gaming LLC ...
DKNG stock data
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
13 Jun 24
8-K
Other Events
7 Jun 24
424B7
Prospectus with selling stockholder info
7 Jun 24
S-3ASR
Automatic shelf registration
7 Jun 24
D
$324.04 mm in equity, sold $324.04 mm, 161 investors
6 Jun 24
S-8
Registration of securities for employees
23 May 24
8-K
DraftKings Completes Acquisition of Jackpocket
23 May 24
8-K
Submission of Matters to a Vote of Security Holders
17 May 24
10-Q
2024 Q1
Quarterly report
3 May 24
8-K
Results of Operations and Financial Condition
2 May 24
Transcripts
DKNG
Earnings call transcript
2024 Q1
3 May 24
DKNG
Earnings call transcript
2023 Q4
16 Feb 24
DKNG
Earnings call transcript
2023 Q3
3 Nov 23
DKNG
Earnings call transcript
2023 Q2
4 Aug 23
DKNG
Earnings call transcript
2023 Q2
4 Aug 23
DKNG
Earnings call transcript
2023 Q1
5 May 23
DKNG
Earnings call transcript
2022 Q4
17 Feb 23
DKNG
Earnings call transcript
2022 Q3
4 Nov 22
DKNG
Earnings call transcript
2022 Q2
5 Aug 22
DKNG
Earnings call transcript
2022 Q1
6 May 22
Latest ownership filings
4
Paul Liberman
17 Jul 24
144
Notice of proposed sale of securities
15 Jul 24
4
R Stanton Dodge
3 Jul 24
4
Paul Liberman
27 Jun 24
144
Notice of proposed sale of securities
25 Jun 24
4
HARRY SLOAN
14 Jun 24
4
Jocelyn Moore
7 Jun 24
144
Notice of proposed sale of securities
6 Jun 24
144
Notice of proposed sale of securities
5 Jun 24
4
Jason Robins
4 Jun 24
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | |
---|---|---|---|
Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.48 bn | 1.48 bn | 1.48 bn | 1.48 bn | 1.48 bn | 1.48 bn |
Cash burn (monthly) | 46.75 mm | 3.45 mm | 46.28 mm | 44.86 mm | 23.47 mm | (no burn) |
Cash used (since last report) | 180.75 mm | 13.32 mm | 178.95 mm | 173.45 mm | 90.73 mm | n/a |
Cash remaining | 1.30 bn | 1.47 bn | 1.30 bn | 1.31 bn | 1.39 bn | n/a |
Runway (months of cash) | 27.9 | 426.6 | 28.2 | 29.2 | 59.3 | n/a |
Institutional ownership, Q1 2024
68.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 776 |
Opened positions | 260 |
Closed positions | 87 |
Increased positions | 188 |
Reduced positions | 204 |
13F shares | Current |
---|---|
Total value | 14.43 tn |
Total shares | 333.20 mm |
Total puts | 26.08 mm |
Total calls | 24.68 mm |
Total put/call ratio | 1.1 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 40.01 mm | $1.82 tn |
Wellington Management | 23.13 mm | $1.05 tn |
BLK Blackrock | 21.33 mm | $968.66 bn |
ARK Investment Management | 8.71 mm | $395.72 bn |
STT State Street | 8.70 mm | $395.18 bn |
CMTDF Sumitomo Mitsui Trust | 7.66 mm | $347.87 bn |
Geode Capital Management | 7.33 mm | $332.34 bn |
MS Morgan Stanley | 7.11 mm | $322.90 bn |
IVZ Invesco | 6.98 mm | $316.77 bn |
Nikko Asset Management Americas | 6.74 mm | $305.79 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Jul 24 | Paul Liberman | Class A Common Stock | Sell | Dispose S | Yes | Yes | 39 | 63,206 | 2.47 mm | 1,716,406 |
1 Jul 24 | Dodge R Stanton | Class A Common Stock | Payment of exercise | Dispose F | No | No | 37.3 | 375 | 13.99 k | 251,552 |
1 Jul 24 | Dodge R Stanton | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 858 | 0.00 | 251,927 |
1 Jul 24 | Dodge R Stanton | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 858 | 0.00 | 6,862 |
26 Jun 24 | Paul Liberman | Class A Common Stock | Option exercise | Acquire M | Yes | No | 0.63 | 88,441 | 55.72 k | 1,779,612 |
26 Jun 24 | Paul Liberman | Stock Option Class A Common Stock | Option exercise | Dispose M | Yes | No | 0.63 | 88,441 | 55.72 k | 0 |
25 Jun 24 | Paul Liberman | Class A Common Stock | Sell | Dispose S | Yes | Yes | 39.32 | 23,884 | 939.12 k | 205,962 |
25 Jun 24 | Paul Liberman | Class A Common Stock | Sell | Dispose S | Yes | Yes | 38.43 | 44,771 | 1.72 mm | 229,846 |
25 Jun 24 | Paul Liberman | Class A Common Stock | Sell | Dispose S | Yes | Yes | 39.25 | 299,298 | 11.75 mm | 1,691,171 |
25 Jun 24 | Paul Liberman | Class A Common Stock | Sell | Dispose S | Yes | Yes | 38.43 | 300,937 | 11.57 mm | 1,990,469 |
News
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26 Jul 24
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25 Jul 24
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24 Jul 24
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24 Jul 24
Needham Reiterates Buy on DraftKings, Maintains $60 Price Target
24 Jul 24