DraftKings Historical Income Statement
| DKNG Stock | USD 43.65 0.62 1.44% |
Historical analysis of DraftKings income statement accounts such as Depreciation And Amortization of 212 M or Interest Expense of 4.4 M can show how well DraftKings performed in making a profits. Evaluating DraftKings income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of DraftKings's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining DraftKings latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether DraftKings is a good buy for the upcoming year.
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About DraftKings Income Statement Analysis
DraftKings Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to DraftKings shareholders. The income statement also shows DraftKings investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
DraftKings Income Statement Chart
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Total Revenue
Total revenue comprises all receipts DraftKings generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of DraftKings minus its cost of goods sold. It is profit before DraftKings operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Most accounts from DraftKings' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into DraftKings current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DraftKings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in DraftKings Stock please use our How to Invest in DraftKings guide.At this time, DraftKings' Depreciation And Amortization is most likely to increase significantly in the upcoming years. The DraftKings' current Interest Expense is estimated to increase to about 4.4 M, while Selling And Marketing Expenses is projected to decrease to roughly 683.7 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 501.9M | 756.2M | 1.4B | 1.4B | Total Revenue | 1.3B | 2.2B | 3.7B | 3.8B |
DraftKings income statement Correlations
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DraftKings Account Relationship Matchups
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DraftKings income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Tax Provision | 944.5K | (622K) | 8.3M | (67.9M) | 13.0M | 13.7M | |
| Net Interest Income | 1.3M | (1.1M) | 2.0M | 18.7M | 48.0M | 50.4M | |
| Depreciation And Amortization | 13.6M | 77.4M | 121.1M | 169.3M | 201.9M | 212.0M | |
| Interest Expense | 3.9M | 1.1M | 2.0M | 18.7M | 2.7M | 4.4M | |
| Selling General Administrative | 124.9M | 447.4M | 828.3M | 763.7M | 606.6M | 456.2M | |
| Selling And Marketing Expenses | 185.3M | 495.2M | 981.5M | 1.2B | 1.2B | 683.7M | |
| Total Revenue | 323.4M | 614.5M | 1.3B | 2.2B | 3.7B | 3.8B | |
| Gross Profit | 219.5M | 267.9M | 501.9M | 756.2M | 1.4B | 1.4B | |
| Other Operating Expenses | 470.0M | 1.5B | 2.9B | 3.8B | 4.5B | 4.7B | |
| Operating Income | (146.5M) | (843.3M) | (1.6B) | (1.5B) | (789.2M) | (828.7M) | |
| Net Income From Continuing Ops | (142.7M) | (843.7M) | (1.5B) | (1.4B) | (1.0B) | (1.1B) | |
| Ebit | (146.5M) | (806.9M) | (1.5B) | (1.4B) | (788.6M) | (828.0M) | |
| Research Development | 55.9M | 168.6M | 253.7M | 318.2M | 355.2M | 189.3M | |
| Ebitda | (132.9M) | (729.4M) | (1.4B) | (1.3B) | (586.7M) | (616.0M) | |
| Cost Of Revenue | 103.9M | 346.6M | 794.2M | 1.5B | 2.3B | 2.4B | |
| Total Operating Expenses | 366.1M | 1.1B | 2.1B | 2.3B | 2.2B | 1.3B | |
| Reconciled Depreciation | 13.6M | 77.4M | 121.1M | 169.3M | 195.3M | 205.1M | |
| Income Before Tax | (142.2M) | (844.3M) | (1.5B) | (1.4B) | (791.3M) | (830.8M) | |
| Total Other Income Expense Net | 4.3M | (388.6M) | 44.0M | 68.8M | (2.0M) | (2.1M) | |
| Net Income Applicable To Common Shares | (142.7M) | (844.3M) | (1.5B) | (1.4B) | (1.2B) | (1.2B) | |
| Net Income | (142.3M) | (843.7M) | (1.5B) | (1.4B) | (802.1M) | (842.2M) | |
| Income Tax Expense | 58K | (622K) | 8.3M | (67.9M) | 10.2M | 10.7M |
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When determining whether DraftKings is a strong investment it is important to analyze DraftKings' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact DraftKings' future performance. For an informed investment choice regarding DraftKings Stock, refer to the following important reports:Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DraftKings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in DraftKings Stock please use our How to Invest in DraftKings guide.You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of DraftKings. If investors know DraftKings will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about DraftKings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.87) | Revenue Per Share 9.655 | Quarterly Revenue Growth 0.387 | Return On Assets (0.07) | Return On Equity (0.44) |
The market value of DraftKings is measured differently than its book value, which is the value of DraftKings that is recorded on the company's balance sheet. Investors also form their own opinion of DraftKings' value that differs from its market value or its book value, called intrinsic value, which is DraftKings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because DraftKings' market value can be influenced by many factors that don't directly affect DraftKings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between DraftKings' value and its price as these two are different measures arrived at by different means. Investors typically determine if DraftKings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DraftKings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.