← DraftKings Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|
| Revenue | $614.5m | $1.3b | $2.2b | $3.7b | $4.8b | $6.1b | |
| Cost of revenue | $346.6m | $794.2m | $1.5b | $2.3b | $3.0b | $3.6b | |
| Sales and marketing | $495.2m | $981.5m | $1.2b | $1.2b | $1.3b | $1.4b | |
| Product and technology | $168.6m | $253.7m | $318.2m | $355.2m | $397.1m | $459.9m | |
| General and administrative | $447.4m | $828.3m | $763.7m | $606.6m | $764.1m | $673.6m | |
| Income (loss) from operations | ($843.3m) | ($1.6b) | ($1.5b) | ($789.2m) | ($609.0m) | ($15.8m) | |
| Gain (loss) on remeasurement of warrant liabilities | ($387.6m) | $30.1m | $29.4m | ($57.5m) | ($4.9m) | $4.7m | |
| Other gain (loss), net | $0 | $12.0m | $20.7m | ($224k) | ($23.5m) | $38.0m | |
| Income (loss) before income tax and equity method investments | ($1.2b) | ($1.5b) | ($1.4b) | ($791.3m) | ($593.2m) | $7.0m | |
| Income tax provision (benefit) | ($622k) | $8.3m | ($67.9m) | $10.2m | ($86.3m) | $4.3m | |
| (Gain) loss from equity method investments | $566k | ($2.7m) | $2.9m | $719k | $468k | ($971k) | |
| Net income (loss) attributable to common stockholders | ($1.2b) | ($1.5b) | ($1.4b) | ($802.1m) | ($507.3m) | $3.7m | |
| Basic (in dollars per share) | ($4.03) | ($3.78) | ($3.16) | ($1.73) | ($1.05) | $0.01 | |
| Diluted (in dollars per share) | ($4.03) | ($3.78) | ($3.16) | ($1.73) | ($1.05) | ($0.01) | |
| Interest income (expense), net | ($1.1m) | $2.0m | $18.7m | $55.7m | $44.3m | ($19.9m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.