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DraftKings: betting scale has to prove durable profit after the promo race

DKNGResearch reportPosted by Goglides ResearchMay 20, 2026
NASDAQDKNGCoverage BootstrapNasdaq

Thesis summary

DKNG has an annual revenue baseline of $6.05B, latest revenue marker of $1.65B Q1 2026, annual net income of $4M and cash of $999.4M. The thesis depends on revenue durability, margins, cash conversion and balance-sheet discipline.

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DKNG has an annual revenue baseline of $6.05B, latest revenue marker of $1.65B Q1 2026, annual net income of $4M and cash of $999.4M. The thesis depends on revenue durability, margins, cash conversion and balance-sheet discipline.

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