DraftKings Inc. filed its quarterly report on Form 10-Q with the SEC on November 6, 2026, covering the fiscal quarter ended September 30, 2026, disclosing revenue growth alongside a widening net loss for both the three- and nine-month periods.

Key Highlights

  • Revenue of $1.33 billion for the three months ended September 30, 2026, up from $1.14 billion in the same period of 2025, according to the filing.
  • Net loss of $468.7 million for Q3 2026, compared to a net loss of $256.8 million in Q3 2025, as reported in the condensed consolidated statements of operations.
  • Nine-month revenue of $4.42 billion for the period ended September 30, 2026, versus $4.07 billion for the same period in 2025.
  • Basic and diluted loss per share was $(0.94) for Q3 2026, compared to $(0.52) for Q3 2025, per the filing.
  • Total stockholders' equity fell to $179.6 million as of September 30, 2026, down from $631.5 million at December 31, 2025.
  • Accumulated deficit reached $6.95 billion as of September 30, 2026, per the balance sheet.
  • 498,291,090 shares of Class A common stock and 393,013,951 shares of Class B common stock were outstanding as of November 4, 2026.

DraftKings Reports Growing Revenue and Expanding Losses in Third Quarter 2026

According to the Form 10-Q filed for the quarter ended September 30, 2026, DraftKings Inc. (NASDAQ:DKNG) reported revenue of $1,329,063 thousand for the three months ended September 30, 2026, an increase from $1,144,019 thousand in the comparable prior-year quarter. For the nine months ended September 30, 2026, the company reported revenue of $4,418,374 thousand, compared to $4,065,332 thousand for the same period in 2025.

The filing disclosed a loss from operations of $493,129 thousand for Q3 2026, widening from a loss of $271,890 thousand in Q3 2025. For the nine-month period, the operating loss was $555,456 thousand, compared to $167,577 thousand in the prior-year period. Sales and marketing expense was a notable driver, rising to $605,664 thousand in Q3 2026 from $360,370 thousand in Q3 2025. Net loss attributable to common stockholders for the nine months ended September 30, 2026 was $515,260 thousand, against $132,716 thousand for the same period in 2025, with a basic and diluted loss per share of $(1.04) versus $(0.27).

On the balance sheet, the company reported total assets of $4,611,396 thousand and total liabilities of $4,431,760 thousand as of September 30, 2026. Cash and cash equivalents stood at $1,100,921 thousand, compared to $1,127,545 thousand at December 31, 2025. Convertible notes, net of issuance costs, decreased to $942,139 thousand from $1,259,096 thousand at year-end 2025, while Term B Loans, net of issuance costs, increased to $1,251,341 thousand from $576,544 thousand. The company also repurchased treasury stock under its Stock Repurchase Program, with treasury stock totaling $1,609,083 thousand as of September 30, 2026, up from $1,392,433 thousand at December 31, 2025.

What Was Disclosed

DraftKings filed a Form 10-Q for the quarter ended September 30, 2026, reporting higher revenue year-over-year alongside a larger net loss, an expanded accumulated deficit of $6.95 billion, and a significant decline in total stockholders' equity to $179.6 million.