Event-Driven Stocks

DraftKings Holdings Inc.

Consumer Discretionary · Services-Miscellaneous Amusement & Recreation · SEC filings ↗ · Compare ⊕

Signs● 2 good● 3 warning● 1 severedetails ↓

Financials

SEC XBRL · annual
 FY21FY20FY19FY18
Revenue$1.30B$614.5M$323.4M$226.3M
Operating income−$1.56B−$843.3M−$146.5M−$76.8M
Net income−$1.52B−$1.23B−$142.7M−$76.2M
Total assets$4.07B$3.44B$330.7M—
Total liabilities$2.39B$808.0M$380.3M—
Equity$1.68B$2.63B−$49.6M$76.0M
EPS (diluted)$-3.78$-4.03$-0.77—
Shares out.402.5M305.6M184.6M—

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2021
Operating margin
−120.5%
Net margin
−117.5%
Return on equity
−90.7%
Return on assets
−37.4%
Return on capital (ROCE)
−49.7%
Liabilities / assets
58.7%
Debt / equity
1.42×
Book value / share
$4.17
Revenue growth (YoY)
110.9%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2021
Altman Z″ (distress)
-1.91distress
Accruals / assets
−27.1%clean
Beneish M-Score
-3.69normal
Piotroski F-Score
3/9weak

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
55
/ 100
Profitability 0Growth 100Catalyst 33Earnings quality 67Financial strength 75

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 1 severe● 3 warning● 2 good
  • Altman Z″ in the distress zone
  • Operating losses (negative operating margin)
  • Reported a net loss
  • Negative operating cash flow
  • Revenue is growing year-over-year
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (2)