DraftKings (DKNG)

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)	1.33 bn	1.33 bn	1.33 bn	1.33 bn	1.33 bn	1.33 bn
Cash burn (monthly)	(no burn)	24.44 mm	46.39 mm	50.75 mm	(no burn)	(no burn)
Cash used (since last report)	n/a	60.81 mm	115.42 mm	126.26 mm	n/a	n/a
Cash remaining	n/a	1.27 bn	1.21 bn	1.20 bn	n/a	n/a
Runway (months of cash)	n/a	51.9	26.2	23.7	n/a	n/a

Beta Read what these cash burn values mean

Financial data from DraftKings earnings reports.

Institutional ownership, Q4 2024

DKNG institutional ownership history Ownership history

80.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	789	761	+3.7%
Opened positions	134	99	+35.4%
Closed positions	106	131	-19.1%
Increased positions	244	273	-10.6%
Reduced positions	273	247	+10.5%

13F shares	Current	Prev Q	Change
Total value	13.84 tn	13.54 tn	+2.2%
Total shares	395.54 mm	370.11 mm	+6.9%
Total puts	20.11 mm	17.72 mm	+13.5%
Total calls	27.08 mm	25.60 mm	+5.8%
Total put/call ratio	0.7	0.7	+7.3%

Largest owners	Shares	Value	Change
Vanguard	43.07 mm	$1.60 tn	+1.4%
BlackRock	31.19 mm	$1.16 tn	-0.5%
Wellington Management	22.24 mm	$827.32 bn	-3.8%
T. Rowe Price Investment Management	18.57 mm	$690.79 mm	+4.0%
FMR	13.62 mm	$506.57 bn	+110.6%
STT State Street	9.75 mm	$362.80 bn	+2.7%
JHG Janus Henderson	9.38 mm	$349.00 bn	+31346.8%
Citadel Advisors	8.99 mm	$334.58 bn	+32.4%
Geode Capital Management	8.08 mm	$299.92 bn	+1.1%
Norges Bank	7.43 mm	$276.33 bn	NEW

Largest transactions	Shares	Bought/sold	Change
JHG Janus Henderson	9.38 mm	+9.35 mm	+31346.8%
Norges Bank	7.43 mm	+7.43 mm	NEW
FMR	13.62 mm	+7.15 mm	+110.6%
Baillie Gifford & Co	6.63 mm	+6.63 mm	NEW
RJF Raymond James Financial	3.47 mm	+3.47 mm	NEW
Fred Alger Management	1.78 mm	-2.86 mm	-61.6%
Eagle Asset Management	0.00	-2.58 mm	EXIT
Point72 Asset Management	5.36 mm	+2.37 mm	+79.4%
Citadel Advisors	8.99 mm	+2.20 mm	+32.4%
Alyeska Investment	0.00	-2.19 mm	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

DKNG insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
14 Mar 25	Jason Robins	Forward Sale Contract (obligation to sell) Class A Common Stock	Other	Acquire J	No	No	0	715,551	0.00	715,551
6 Mar 25	Jocelyn Moore	Class A Common Stock	Sell	Dispose S	No	Yes	42	3,420	143.64 k	1,612
1 Mar 25	Jason Robins	Class A Common Stock	Payment of exercise	Dispose F	No	No	43.86	7,932	347.90 k	3,364,035
1 Mar 25	Jason Robins	Class A Common Stock	Option exercise	Acquire M	No	No	0	16,404	0.00	3,371,967
1 Mar 25	Jason Robins	Class A Common Stock	Payment of exercise	Dispose F	No	No	43.86	18,132	795.27 k	3,355,563
1 Mar 25	Jason Robins	Class A Common Stock	Option exercise	Acquire M	No	No	0	37,500	0.00	3,373,695
1 Mar 25	Jason Robins	RSU Class A Common Stock	Option exercise	Dispose M	No	No	0	16,404	0.00	196,850
1 Mar 25	Jason Robins	RSU Class A Common Stock	Option exercise	Dispose M	No	No	0	37,500	0.00	300,000
1 Mar 25	Paul Liberman	Class A Common Stock	Payment of exercise	Dispose F	No	No	43.86	4,666	204.65 k	682,764
1 Mar 25	Paul Liberman	Class A Common Stock	Option exercise	Acquire M	No	No	0	9,649	0.00	687,430