DraftKings Inc (DKNG) — Tangible Net Worth Ratio
DraftKings Inc (DKNG) has a Tangible Net Worth Ratio of -47.1% as of June 2026. This metric is calculated by deducting intangible assets ($837.44 Million) from net assets ($569.43 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore DKNG net asset momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
DraftKings Inc Tangible Net Worth Ratio (2017–2025)
This chart shows how DraftKings Inc's Tangible Net Worth Ratio has changed across 7 annual periods from 2017 to 2025. As of June 2026, the ratio stands at -47.1%, reflecting net assets of $569.43 Million with intangible assets of $837.44 Million USD. For live market cap and overall valuation, see DKNG stock market capitalisation.
Annual Tangible Net Worth Ratio for DraftKings Inc (2017–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for DraftKings Inc from 2017 to 2025, covering 7 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore how much does DraftKings Inc reinvest in capital to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | -40.8% | $631.46 Million | $889.20 Million | $4.53 Billion | ▼ -48.5 pp |
| 2024 | 7.7% | $1.01 Billion | $933.12 Million | $4.28 Billion | ▼ -10.1 pp |
| 2023 | 17.8% | $840.31 Million | $690.62 Million | $3.94 Billion | ▼ -23.4 pp |
| 2022 | 41.3% | $1.32 Billion | $776.93 Million | $4.04 Billion | ▼ -26.9 pp |
| 2021 | 68.1% | $1.68 Billion | $535.02 Million | $4.07 Billion | ▼ -10.7 pp |
| 2020 | 78.9% | $2.63 Billion | $555.93 Million | $3.44 Billion | ▲ +1562.9 pp |
| 2017 | -1484.0% | $644.00K | $10.20 Million | $183.03 Million | — |