← DraftKings Inc.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | $2.2b | $1.3b | $1.3b | $788.3m | $1.1b | |
| Accounts receivable | $45.9m | $51.1m | $47.5m | $57.8m | $105.6m | |
| Prepaid expenses and other current assets | $25.7m | $94.8m | $98.6m | $83.2m | $104.8m | |
| Total current assets | $2.8b | $2.1b | $2.1b | $1.5b | $1.8b | |
| Property and equipment, net | $46.0m | $60.1m | $60.7m | $50.5m | $51.1m | |
| Intangible assets, net | $535.0m | $776.9m | $690.6m | $933.1m | $889.2m | |
| Goodwill | $615.7m | $886.4m | $886.4m | $1.6b | $1.6b | |
| Operating lease right-of-use assets | $63.8m | $66.0m | $94.0m | $74.9m | $49.8m | |
| Restricted cash | — | $0 | $11.7m | $16.5m | $7.6m | |
| Cash reserved for users | $476.9m | $469.7m | $341.3m | $525.4m | $469.4m | |
| Equity method investments | $9.8m | $10.1m | $10.3m | $13.2m | $18.9m | |
| Deposits and other non-current assets | $45.4m | $155.9m | $131.5m | $123.1m | $109.1m | |
| Liabilities to users | $528.9m | $686.2m | $851.9m | $979.5m | $935.0m | |
| Operating lease liabilities, current portion | $12.8m | $4.3m | $11.5m | $11.0m | $9.8m | |
| Other current liabilities | $0 | $38.4m | $46.6m | $3.3m | $25.2m | |
| Convertible notes, net of issuance costs | $1.2b | $1.3b | $1.3b | $1.3b | $1.3b | |
| Term B Loan, net of issuance costs | — | — | — | $0 | $576.5m | |
| Operating lease liabilities | $57.3m | $69.3m | $80.8m | $67.7m | $44.4m | |
| Warrant liabilities | $26.9m | $10.7m | $63.6m | $22.0m | $0 | |
| Long-term income tax liabilities | $79.1m | $69.9m | $72.8m | $76.4m | $91.6m | |
| Total stockholders’ equity | $1.7b | $1.3b | $840.3m | $1.0b | $631.5m | |
| Total assets | $4.1b | $4.0b | $3.9b | $4.3b | $4.5b | |
| Total liabilities and stockholders’ equity | $4.1b | $4.0b | $3.9b | $4.3b | $4.5b | |
| Accounts payable and accrued expenses | $387.7m | $517.6m | $639.6m | $661.2m | $785.4m | |
| Total current liabilities | $929.4m | $1.2b | $1.5b | $1.7b | $1.8b | |
| Other long-term liabilities | $49.3m | $70.0m | $84.0m | $195.6m | $172.2m | |
| Total liabilities | $2.4b | $2.7b | $3.1b | $3.3b | $3.9b | |
| Common stock | $80k | $84k | $85k | $87k | $91k | |
| Treasury stock, at cost; 38,243 and 15,651 shares as of December 31, 2025 and 2024, respectively | — | ($332.1m) | ($412.2m) | ($563.1m) | ($1.4b) | |
| Additional paid-in capital | $5.7b | $6.8b | $7.1b | $8.0b | $8.4b | |
| Accumulated deficit | ($3.8b) | ($5.1b) | ($5.9b) | ($6.4b) | ($6.4b) | |
| Accumulated other comprehensive income | $36.5m | $36.5m | $36.5m | $36.5m | $36.5m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.