DKNG

DraftKings Inc.

Consumer Cyclical · $10.5B market cap

Verdict

We can't put a fair value on DKNG right now. It has lost money in each of its last 3 years, and our valuation needs recent profits to project from.

Business quality

2 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth—?
Equity per share growth-27.3% a year✗
Sales growth58.0% a year✓
Free cash flow growth58.9% a year✓
Return on invested capital-17.6%✗

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Superinvestors

1 of the investors we track holds DKNG. In Q2 2026, 1 added. Who we track

Moves in Q2 2026

Added: Howard Marks

Insider activity

Since Sep 1, 2026: no open-market purchases and 37 other filings (stock awards, tax withholding and similar). Why purchases matter

Other filings

Robins Jason

See Remarks · 2026-09-03

G-Gift

12,000 shares

Kalish Matthew

director · 2026-09-02

J-Other

875,000 shares

Kalish Matthew

director · 2026-09-02

J-Other

$20.9M

Robins Jason

See Remarks · 2026-09-01

Tax withholding

$665K

Robins Jason

See Remarks · 2026-09-01

Option exercise

58,654 shares

Show all 37 other filings

Robins Jason

See Remarks · 2026-09-01

Tax withholding

$159K

Robins Jason

See Remarks · 2026-09-01

Option exercise

14,008 shares

Robins Jason

See Remarks · 2026-09-01

Tax withholding

$186K

Robins Jason

See Remarks · 2026-09-01

Option exercise

16,404 shares

Robins Jason

See Remarks · 2026-09-01

Tax withholding

$425K

Robins Jason

See Remarks · 2026-09-01

Option exercise

37,500 shares

Liberman Paul

See Remarks · 2026-09-01

Tax withholding

$376K

Liberman Paul

See Remarks · 2026-09-01

Option exercise

33,201 shares

Liberman Paul

See Remarks · 2026-09-01

Tax withholding

$90K

Liberman Paul

See Remarks · 2026-09-01

Option exercise

7,951 shares

Liberman Paul

See Remarks · 2026-09-01

Tax withholding

$109K

Liberman Paul

See Remarks · 2026-09-01

Option exercise

9,649 shares

Liberman Paul

See Remarks · 2026-09-01

Tax withholding

$250K

Liberman Paul

See Remarks · 2026-09-01

Option exercise

22,058 shares

Dodge R Stanton

Chief Legal Officer · 2026-09-01

Tax withholding

$15K

Dodge R Stanton

Chief Legal Officer · 2026-09-01

Option exercise

1,475 shares

Dodge R Stanton

Chief Legal Officer · 2026-09-01

Tax withholding

$127K

Dodge R Stanton

Chief Legal Officer · 2026-09-01

Option exercise

12,395 shares

Dodge R Stanton

Chief Legal Officer · 2026-09-01

Tax withholding

$51K

Dodge R Stanton

Chief Legal Officer · 2026-09-01

Option exercise

4,997 shares

Dodge R Stanton

Chief Legal Officer · 2026-09-01

Tax withholding

$49K

Dodge R Stanton

Chief Legal Officer · 2026-09-01

Option exercise

4,825 shares

Dodge R Stanton

Chief Legal Officer · 2026-09-01

Tax withholding

$113K

Dodge R Stanton

Chief Legal Officer · 2026-09-01

Option exercise

11,029 shares

Ellingson Alan Wayne

Chief Financial Officer · 2026-09-01

Tax withholding

$226K

Ellingson Alan Wayne

Chief Financial Officer · 2026-09-01

Option exercise

19,920 shares

Ellingson Alan Wayne

Chief Financial Officer · 2026-09-01

Tax withholding

$60K

Ellingson Alan Wayne

Chief Financial Officer · 2026-09-01

Option exercise

5,300 shares

Ellingson Alan Wayne

Chief Financial Officer · 2026-09-01

Tax withholding

$8K

Ellingson Alan Wayne

Chief Financial Officer · 2026-09-01

Option exercise

742 shares

Ellingson Alan Wayne

Chief Financial Officer · 2026-09-01

Tax withholding

$24K

Ellingson Alan Wayne

Chief Financial Officer · 2026-09-01

Option exercise

2,140 shares

About DraftKings Inc.

DraftKings Inc. operates as a leading digital enterprise specializing in sports entertainment and gaming. The company provides sophisticated multi-channel sports betting and gaming technology solutions to operators across 17 countries, facilitating diverse entertainment experiences. Directly, DraftKings manages its own iGaming services under the DraftKings brand in five U.S. states, and separately operates Golden…

Gambling, Resorts & Casinos

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works