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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.44B | $1.65B | $1.99B | $1.14B | $1.51B | $1.41B | $1.39B | $1.10B |
| Cost of revenue | $891.78M | $949.39M | $1.07B | $784.08M | $854.56M | $843.80M | $834.64M | $742.43M |
| Gross profit | $551.45M | $696.69M | $914.69M | $359.94M | $657.95M | $565.00M | $558.13M | $353.06M |
| Gross margin | 38.2% | 42.3% | 46.0% | 31.5% | 43.5% | 40.1% | 40.1% | 32.2% |
| Research and development | $127.65M | $123.18M | $133.56M | $114.68M | $108.42M | $103.26M | $112.06M | $103.58M |
| Selling, general and administrative | $491.98M | $567.67M | $629.37M | $517.15M | $398.89M | $508.07M | $585.24M | $548.07M |
| Operating expenses | $619.63M | $690.84M | $762.93M | $631.83M | $507.30M | $611.33M | $697.31M | $651.65M |
| Operating income | −$68.17M | $5.85M | $151.76M | −$271.89M | $150.64M | −$46.33M | −$139.18M | −$298.59M |
| Operating margin | -4.7% | 0.4% | 7.6% | -23.8% | 10.0% | -3.3% | -10.0% | -27.3% |
| EBITDA | $12.17M | $77.51M | $225.76M | −$205.82M | $215.94M | $23.79M | −$73.08M | −$208.64M |
| Interest income | $0 | −$5.74M | −$5.43M | −$19.57M | $0 | $4.40M | $8.02M | $8.33M |
| Interest expense | −$7.43M | $0 | $0 | — | $665.00K | $0 | $0 | — |
| Income before taxes | −$71.86M | $22.92M | $147.03M | −$270.51M | $169.92M | −$39.42M | −$145.54M | −$294.87M |
| Income taxes | −$1.80M | $6.37M | $10.15M | −$12.07M | $11.79M | −$5.60M | −$11.13M | −$1.29M |
| Net income | −$67.61M | $21.07M | $136.43M | −$256.79M | $157.94M | −$33.86M | −$134.85M | −$293.69M |
| Net margin | -4.7% | 1.3% | 6.9% | -22.4% | 10.4% | -2.4% | -9.7% | -26.8% |
| EPS, basic | −$0.14 | $0.04 | $0.28 | −$0.52 | $0.32 | −$0.07 | −$0.28 | −$0.60 |
| EPS, diluted | −$0.14 | $0.03 | $0.29 | −$0.52 | $0.30 | −$0.07 | −$0.30 | −$0.60 |
| Diluted shares | 496.09M | 510.63M | 464.20M | 496.64M | 529.45M | 493.32M | 448.58M | 486.22M |
Figures describe DraftKings shares, not any token. As of Aug 7, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.