DraftKings annual free cash flow
2020
2021
2022
2023
2024
2025
DraftKings Free Cash Flow (FCF) History (DKNG)
DraftKings reported $647.5M in free cash flow for fiscal 2025, an increase of 58.86% from the previous fiscal year, with a free cash flow margin of 10.69%.
View full DraftKings company overviewDraftKings free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $647.5M | $239.9M | +58.86% | +10.69% |
| 2024 | 2024-12-31 | $407.6M | $430.2M | — | +8.55% |
| 2023 | 2023-12-31 | −$22.7M | $635.3M | — | −0.62% |
| 2022 | 2022-12-31 | −$657.9M | −$222.5M | — | −29.37% |
| 2021 | 2021-12-31 | −$435.4M | −$229.5M | — | −33.60% |
| 2020 | 2020-12-31 | −$205.9M | — | — | −33.51% |
DraftKings quarterly free cash flow
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $106.9M | −$62.8M | −37.00% | +7.40% |
| Q1 2026 | 2026-03-31 | −$55.5M | $66.1M | — | −3.37% |
| Q4 2025 | 2025-12-31 | $316.5M | −$6.6M | −2.06% | +15.91% |
| Q3 2025 | 2025-09-30 | $283.0M | $152.2M | +116.26% | +24.74% |
| Q2 2025 | 2025-06-30 | $169.6M | $142.6M | +528.91% | +11.21% |
| Q1 2025 | 2025-03-31 | −$121.7M | −$48.2M | — | −8.64% |
| Q4 2024 | 2024-12-31 | $323.2M | $252.1M | +354.84% | +23.20% |
| Q3 2024 | 2024-09-30 | $130.9M | −$4.3M | −3.16% | +11.95% |
| Q2 2024 | 2024-06-30 | $27.0M | $47.2M | — | +2.44% |
| Q1 2024 | 2024-03-31 | −$73.4M | $135.2M | — | −6.25% |
| Q4 2023 | 2023-12-31 | $71.0M | $232.0M | — | +5.77% |
| Q3 2023 | 2023-09-30 | $135.2M | $88.4M | +188.83% | +17.11% |
| Q2 2023 | 2023-06-30 | −$20.3M | $158.2M | — | −2.32% |
| Q1 2023 | 2023-03-31 | −$208.6M | $156.7M | — | −27.10% |
| Q4 2022 | 2022-12-31 | −$161.0M | $16.0M | — | −18.82% |
| Q3 2022 | 2022-09-30 | $46.8M | $122.6M | — | +9.32% |
| Q2 2022 | 2022-06-30 | −$178.4M | −$58.0M | — | −38.27% |
| Q1 2022 | 2022-03-31 | −$365.3M | −$303.2M | — | −87.57% |
| Q4 2021 | 2021-12-31 | −$177.0M | — | — | −37.40% |
| Q3 2021 | 2021-09-30 | −$75.8M | — | — | −35.63% |
| Q2 2021 | 2021-06-30 | −$120.5M | — | — | −40.48% |
| Q1 2021 | 2021-03-31 | −$62.1M | — | — | −19.89% |
DraftKings free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from −$205.9M to $647.5M, a net increase of $853.4M. DraftKings's latest reported quarter, Q2 2026, generated $106.9M in free cash flow, a decrease of 37.00% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review DraftKings filings at SEC.gov ↗