DraftKings Inc (DKNG) - Net Assets
Based on the latest financial reports, DraftKings Inc (DKNG) has net assets worth $605.05 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.31 Billion) and total liabilities ($3.70 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check DKNG goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $605.05 Million |
| % of Total Assets | 14.05% |
| Annual Growth Rate | 136.56% |
| 5-Year Change | -62.38% |
| 10-Year Change | N/A |
| Growth Volatility | 10747.95 |
DraftKings Inc - Net Assets Trend (2017–2025)
This chart illustrates how DraftKings Inc's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of DraftKings Inc to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for DraftKings Inc (2017–2025)
The table below shows the annual net assets of DraftKings Inc from 2017 to 2025. For live valuation and market cap data, see DKNG market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $631.46 Million | -37.52% |
| 2024-12-31 | $1.01 Billion | +20.27% |
| 2023-12-31 | $840.31 Million | -36.47% |
| 2022-12-31 | $1.32 Billion | -21.20% |
| 2021-12-31 | $1.68 Billion | -36.21% |
| 2020-12-31 | $2.63 Billion | +5407.27% |
| 2019-12-31 | $-49.58 Million | +73.23% |
| 2018-12-31 | $-185.23 Million | -28861.96% |
| 2017-12-31 | $644.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to DraftKings Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 565768800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $91.00K | 0.01% |
| Other Comprehensive Income | $36.49 Million | 5.78% |
| Other Components | $7.03 Billion | 1113.67% |
| Total Equity | $631.46 Million | 100.00% |
DraftKings Inc Competitors by Market Cap
The table below lists competitors of DraftKings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Permian Resources Corporation
NYSE:PR
|
$12.66 Billion |
|
Wolters Kluwer N.V.
AS:WKL
|
$12.69 Billion |
|
Guardant Health Inc
NASDAQ:GH
|
$12.69 Billion |
|
Lynas Rare EARTHS Ltd
AU:LYC
|
$12.69 Billion |
|
Ascendis Pharma AS
F:A71
|
$12.65 Billion |
|
Yunnan Baiyao Group Co Ltd
SHE:000538
|
$12.64 Billion |
|
HDFC Asset Management Company Limited
NSE:HDFCAMC
|
$12.64 Billion |
|
AVIC Jonhon Optronic Technology Co Ltd
SHE:002179
|
$12.64 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in DraftKings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,010,626,000 to 631,461,000, a change of -379,165,000 (-37.5%).
- Net income of 3,710,000 contributed positively to equity growth.
- Share repurchases of 829,287,000 reduced equity.
- New share issuances of 15,243,000 increased equity.
- Other factors increased equity by 431,169,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $3.71 Million | +0.59% |
| Share Repurchases | $829.29 Million | -131.33% |
| Share Issuances | $15.24 Million | +2.41% |
| Other Changes | $431.17 Million | +68.28% |
| Total Change | $- | -37.52% |
Book Value vs Market Value Analysis
This analysis compares DraftKings Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 20.72x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 7564.71x to 20.72x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $0.00 | $26.39 | x |
| 2018-12-31 | $-1.00 | $26.39 | x |
| 2019-12-31 | $-0.27 | $26.39 | x |
| 2020-12-31 | $8.61 | $26.39 | x |
| 2021-12-31 | $4.17 | $26.39 | x |
| 2022-12-31 | $3.03 | $26.39 | x |
| 2023-12-31 | $1.82 | $26.39 | x |
| 2024-12-31 | $2.10 | $26.39 | x |
| 2025-12-31 | $1.27 | $26.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently DraftKings Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.59%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.06%
- • Asset Turnover: 1.34x
- • Equity Multiplier: 7.18x
- Recent ROE (0.59%) is above the historical average (-1346.57%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -11732.30% | -39.38% | 1.05x | 284.21x | $-75.62 Million |
| 2018 | 0.00% | -33.68% | 0.76x | 0.00x | $-57.70 Million |
| 2019 | 0.00% | -44.13% | 0.98x | 0.00x | $-137.78 Million |
| 2020 | -46.81% | -200.45% | 0.18x | 1.31x | $-1.49 Billion |
| 2021 | -90.75% | -117.53% | 0.32x | 2.42x | $-1.69 Billion |
| 2022 | -104.18% | -61.50% | 0.55x | 3.05x | $-1.51 Billion |
| 2023 | -95.46% | -21.88% | 0.93x | 4.69x | $-886.17 Million |
| 2024 | -50.20% | -10.64% | 1.11x | 4.24x | $-608.35 Million |
| 2025 | 0.59% | 0.06% | 1.34x | 7.18x | $-59.44 Million |
Industry Comparison
This section compares DraftKings Inc's net assets metrics with peer companies in the Gambling industry.
Industry Context
- Industry: Gambling
- Average net assets among peers: $517,495,007
- Average return on equity (ROE) among peers: 13.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| DraftKings Inc (DKNG) | $605.05 Million | -11732.30% | 6.12x | $12.65 Billion |
| Accel Entertainment Inc (ACEL) | $259.31 Million | 13.59% | 3.04x | $1.03 Billion |
| PlayAGS Inc (AGS) | $67.67 Million | 0.63% | 9.05x | $518.40 Million |
| Brightstar Lottery PLC (BRSL) | $1.98 Billion | 13.90% | 4.27x | $2.09 Billion |
| Codere Online US Corp (CDRO) | $24.22 Million | 16.14% | 2.08x | $440.60 Million |
| Churchill Downs Incorporated (CHDN) | $47.80 Million | 16.95% | 0.69x | $5.86 Billion |
| Everi Holdings Inc (EVRI) | $199.25 Million | 29.30% | 0.22x | $1.24 Billion |
| Gambling.com Group Ltd (GAMB) | $79.91 Million | 15.58% | 0.14x | $83.18 Million |
| Gan Ltd (GAN) | $29.31 Million | 6.27% | 0.22x | $91.53 Million |
| International Game Technology PLC (IGT) | $1.97 Billion | 12.94% | 4.74x | $3.31 Billion |
About DraftKings Inc
DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally. The company offers online and retail sports betting, daily fantasy sports, digital lottery couriers, prediction markets, and other products, as well as retails sportsbooks. It also provides iGaming, or online casino products, which includes blackjack, roulette, baccarat and slot… Read more