# DRAFTKINGS INC. (DKNG) · Edgar & Edgarette company card

> Draftkings (DKNG) grew revenue 27.0% in FY2025 to $6.1 billion, operating margin -0.3% against a 7.0% median for miscellaneous amusement & recreation, equity 13.9% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1883685 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/DKNG) · [JSON](https://www.pops4.com/boards/company/DKNG.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $6.1B |
| Revenue growth, 1 year | 27.0% |
| Revenue growth per year | 47.0% |
| Operating margin | -0.3% (prior year -12.8%) |
| Net margin | 0.1% |
| Operating cash flow | $663M |
| Capital spending | $15M |
| Free cash flow | $648M |
| Cash | $1.1B |
| Long-term debt | — |
| Total assets | $4.5B |
| Total equity | $631M |
| Equity ÷ assets | 13.9% |
| Return on equity | 0.6% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -4.4 (distress zone)
- Piotroski F: 8 of 9 (strong)
- Beneish M: -2.55 (below the −1.78 line)
- Health Harbor boat: Weathered boat · two warning signs · filed auditor change in the last 12 months; operating loss: a margin of -0.3% in FY2025
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $6.1B (FY2025). Experience: revenue up 27.0% on the year, up 47.0% a year over 4 years; operating margin -0.3%, up from -12.8%. Soundness: equity 13.9% of assets, return on equity 0.6%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $6.5B and $9.5B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $5.7B to $10.9B. A statistical range, not company guidance. Against peers (10 filers, $50M+ revenue, services-miscellaneous amusement & recreation): operating margin -0.3% against a 7.0% median; growth 27.0% against 2.0%.

Range logged 2026-09-27, receipt c972ed7acef33f44, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 4.01 Auditor change: 1, latest 2026-09-25 ([filing](https://www.sec.gov/Archives/edgar/data/1883685/000188368526000034/0001883685-26-000034-index.htm))
- Item 5.02 Director or officer change: 1, latest 2026-05-29 ([filing](https://www.sec.gov/Archives/edgar/data/1883685/000110465926068267/0001104659-26-068267-index.htm))

## Recent filings

- 10-Q · filed 2026-11-06 · [filing](https://www.sec.gov/Archives/edgar/data/1883685/000188368526000041/0001883685-26-000041-index.htm)
- 8-K · filed 2026-11-06 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1883685/000188368526000039/0001883685-26-000039-index.htm)
- 8-K · filed 2026-09-25 · 4.01 Changes in Registrant's Certifying Accountant; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1883685/000188368526000034/0001883685-26-000034-index.htm)
- 8-K · filed 2026-08-25 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1883685/000110465926100812/0001104659-26-100812-index.htm)
- 10-Q · filed 2026-08-07 · [filing](https://www.sec.gov/Archives/edgar/data/1883685/000188368526000029/0001883685-26-000029-index.htm)
- 8-K · filed 2026-08-07 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1883685/000188368526000027/0001883685-26-000027-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001883685.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1883685

## Cite

POPS4, Edgar & Edgarette: DRAFTKINGS INC. (DKNG) company card, from the company's own SEC filings, accessed 2026-11-12, https://www.pops4.com/boards/company/DKNG. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.