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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

DraftKings (DKNG) Gross Margin (2021 - 2025)

DraftKings (DKNG) has disclosed Gross Margin for 5 consecutive years, with 77.75% as the latest value for Q4 2025.

  • On a quarterly basis, Gross Margin rose 421.0% to 77.75% in Q4 2025 year-over-year; TTM through Dec 2025 was 77.21%, a 1993.0% increase, with the full-year FY2025 number at 77.21%, up 374.0% from a year prior.
  • Gross Margin was 77.75% for Q4 2025 at DraftKings, up from 68.5% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 117.65% in Q2 2025 to a low of 12.3% in Q4 2023.
  • A 5-year average of 46.49% and a median of 39.84% in 2025 define the central range for Gross Margin.
  • Peak YoY movement for Gross Margin: crashed -3704bps in 2023, then skyrocketed 8583bps in 2024.
  • DraftKings' Gross Margin stood at 13.09% in 2021, then surged by 89bps to 24.74% in 2022, then crashed by -150bps to 12.3% in 2023, then skyrocketed by 698bps to 73.53% in 2024, then grew by 6bps to 77.75% in 2025.
  • Per Business Quant, the three most recent readings for DKNG's Gross Margin are 77.75% (Q4 2025), 68.5% (Q3 2025), and 117.65% (Q2 2025).