DraftKings Inc.DKNG

Market cap

$30.3B

P/E ratio

	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024
Cash and cash equivalents	1,309	1,271	788
Restricted cash	-	12	16
Cash reserved for users	470	341	525
Receivables reserved for users	160	302	63
Accounts receivable	51	48	58
Prepaid expenses and other current assets	95	99	83
Total current assets	2,085	2,071	1,534
Property and equipment, net	60	61	51
Intangible assets, net	777	691	933
Goodwill	886	886	1,555
Operating lease right-of-use assets	66	94	75
Equity method investments	10	10	13
Deposits And Other Noncurrent Assets	156	132	123
Total assets	4,040	3,945	4,284
Accounts payable and accrued expenses	518	640	661
Liabilities to users	686	852	979
Operating Lease, Liability, Current	4	11	11
Other current liabilities	38	47	3
Total current liabilities	1,246	1,550	1,655
Convertible Notes Payable, Noncurrent	1,251	1,254	1,256
Operating Lease, Liability, Noncurrent	69	81	68
Warrant liabilities	11	64	22
Long-term income tax liabilities	70	73	76
Other long-term liabilities	70	84	196
Total liabilities	2,717	3,105	3,273
Class A Common Stock	0	0	0
Class B Common Stock	0	0	0
Treasury stock, at cost; 15,651 and 11,901 shares as of December 31, 2024 and 2023, respectively	-	412	563
Additional paid-in capital	6,750	7,150	7,978
Accumulated deficit	-5,132	-5,934	-6,441
Accumulated other comprehensive income	36	36	36
Class A Common Stock	0	0	0
Class B Common Stock	0	0	0
Total stockholders’ equity	1,323	840	1,011
Total liabilities and stockholders’ equity	4,040	3,945	4,284