DraftKings (DKNG) Free Cash Flow (2021 - 2026)
DraftKings (DKNG) posted quarterly Free Cash Flow of -$55.5 million for Q1 2026, up 63.05% year-over-year from -$34.1 million in Q1 2025, and down 119.64% quarter-over-quarter from $282.8 million in Q4 2025.
DraftKings (DKNG) Free Cash Flow (2021 - 2026) Analysis & Trends
DraftKings (DKNG) has reported Free Cash Flow for 6 consecutive years, with -$55.5 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Free Cash Flow rose 63.05% year-over-year to -$55.5 million; the TTM figure through Mar 2026 stood at $626.4 million (up 136.51% YoY), while the FY2025 annual figure was $531.7 million, up 65.09% from the prior year.
- Free Cash Flow eased to -$55.5 million in Q1 2026 per DKNG's latest filing, from $282.8 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $300.6 million in Q4 2024 and bottomed at -$365.3 million in Q1 2022.
- Historically, Free Cash Flow has averaged $6.9 million across 5 years, with a median of $8.0 million in 2024.
- Annual changes were most pronounced in 2022 — Free Cash Flow tumbled 433.93% — and 2025, when it soared 1713.52%.
- DraftKings' Free Cash Flow stood at -$161.0 million in 2022, then jumped by 144.14% to $71.0 million in 2023, then jumped by 323.01% to $300.6 million in 2024, then dropped by 5.92% to $282.8 million in 2025, then tumbled by 119.64% to -$55.5 million in 2026.
- Business Quant data shows DKNG's Free Cash Flow at -$55.5 million in Q1 2026, $282.8 million in Q4 2025, and $254.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.95 Bn | 16.39 Bn | 1.71 Bn | 228.00 Mn |
| 2 | DraftKings | 12.99 Bn | 12.00 Bn | 551.45 Mn | 73.44 Mn |
| 3 | Super Group (SGHC) | 6.71 Bn | 6.29 Bn | - | - |
| 4 | Churchill Downs | 6.57 Bn | 6.37 Bn | 712.00 Mn | 178.00 Mn |
| 5 | Rush Street Interactive | 2.84 Bn | 2.50 Bn | 139.66 Mn | 44.32 Mn |
| 6 | Brightstar Lottery | 2.25 Bn | 980.32 Mn | 297.00 Mn | 275.00 Mn |
| 7 | Accel Entertainment | 987.75 Mn | 732.30 Mn | 115.51 Mn | 8.86 Mn |
| 8 | Codere Online Luxembourg | 415.46 Mn | 346.04 Mn | - | - |
| 9 | Inspired Entertainment | 175.48 Mn | 151.08 Mn | 52.10 Mn | 100,000.00 |
| 10 | Grandstand | 70.65 Mn | 61.84 Mn | 31.83 Mn | 1.93 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 73.44 Mn |
| Jun 30, 2026 | 73.44 Mn |
| Mar 31, 2026 | -55.52 Mn |
| Mar 31, 2026 | -55.52 Mn |
| Dec 31, 2025 | 282.75 Mn |
| Dec 31, 2025 | 282.75 Mn |
| Sep 30, 2025 | 254.46 Mn |
| Sep 30, 2025 | 254.46 Mn |
| Jun 30, 2025 | 144.76 Mn |
| Jun 30, 2025 | 144.76 Mn |
| Mar 31, 2025 | -150.26 Mn |
| Mar 31, 2025 | -150.26 Mn |
| Dec 31, 2024 | 300.55 Mn |
| Dec 31, 2024 | 300.55 Mn |
| Sep 30, 2024 | 106.60 Mn |
| Sep 30, 2024 | 106.60 Mn |
| Jun 30, 2024 | 7.98 Mn |
| Jun 30, 2024 | 7.98 Mn |
| Mar 31, 2024 | -93.06 Mn |
| Mar 31, 2024 | -93.06 Mn |