Hotels, Restaurants & Leisure
Price
$25.89
+0.47%Market Cap
$12.84B
Day High
$26.13
Day Low
$25.21
DraftKings achieved its first profitable Q1 in recent history, posting $21.1M net income on $1.65B revenue (+16.8% YoY) as operating leverage finally turned positive with a $5.8M operating income versus a -$46.3M loss a year ago.
Key risk: High Financial Leverage
DraftKings carries a debt-to-equity ratio of 6.12x with $3.70B in total liabilities against only $605M in equity. This elevated leverage limits financial flexibility and increases vulnerability to rising interest rates or revenue shortfalls.