DRAFTKINGS INC (DKNG)
NASDAQConsumer DiscretionaryGambling, Resorts & CasinosSnapshot 2026-11-04
$23.52+1.77%
Close 2026-11-05 · 1-day change
NASDAQConsumer DiscretionaryGambling, Resorts & CasinosSnapshot 2026-11-04
QuarterlyIQ Insights · DKNG
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 1.0% |
| Our one-year growth estimate | diamond | 19.0% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
No outside relationship met the current evidence threshold.
Based on historical daily prices through 2026-11-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 18.0 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Worth watching into the next print: this name operates in a high-miss-rate industry and has been missing across recent quarters. A fundamental tilt, not a price call.
Model as of 2026-11-04 · Compared with 10 industry peers
DKNG — legal / regulatory event — Changes in Registrant’s Certifying Accountant
Dated 2026-09-25
Changes in Registrant’s Certifying Accountant. On September 23, 2026, upon the completion of an evaluation process, the Audit Committee (the “Audit Committee”) of the Board of Directors of DraftKings Inc. (the “Company”) (i) dismissed BDO USA, P.C. (“BDO”) as the Company’s current independent registered public accounting firm, to be effective immediately after the conclusion of the audit of the Company’s financial statements for the fiscal year ending December 31, 2026 and the filing of the C…
Why it matters: Q2 revenue fell 5% year over year, yet management kept its full-year range. Q3 results test whether the goal still holds.
Watch forOn November 5, DraftKings keeps its $6.5B–$6.9B 2026 revenue range and reports Q3 revenue growth year over year.
Also watch forOn November 5, DraftKings lowers its 2026 revenue range or reports another revenue drop from the prior year.
Why it matters: Sports volume rose 15% in Q2, but Sports revenue fell 11%. A margin rebound would show that more wagers are turning into revenue.
Watch forQ3 Sports net revenue margin rises above 6.8%, the Q2 level.
Also watch forQ3 Sports net revenue margin stays at or below 6.8%, and Sports revenue again falls year over year.
Why it matters: Management says Predictions is growing faster than planned and aims to lead the sports contracts market. Q3 results can show if customer growth continues.
Watch forQ3 results show Predictions customer growth, and total monthly unique payers stay above the Q2 level of 3.6M.
Also watch forQ3 results show Predictions customer growth has slowed, or total monthly unique payers fall below 3.6M.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$200 on $10,000 · ±2.0% | How much price usually moves either way. |
| Bad day | $536 loss on $10,000 · 5.4% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $4,870 loss on $10,000 · 48.7% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.