DraftKings (DKNG)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.16 bn	1.16 bn	1.16 bn	1.16 bn	1.16 bn	1.16 bn
Cash burn (monthly)	108.91 mm	28.19 mm	99.53 mm	63.99 mm	(no burn)	(no burn)
Cash used (since last report)	303.40 mm	78.53 mm	277.27 mm	178.25 mm	n/a	n/a
Cash remaining	853.11 mm	1.08 bn	879.25 mm	978.27 mm	n/a	n/a
Runway (months of cash)	7.8	38.2	8.8	15.3	n/a	n/a

Beta Read what these cash burn values mean

Financial data from DraftKings earnings reports.

Institutional ownership, Q3 2024

DKNG institutional ownership history Ownership history

79.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	754	787	-4.2%
Opened positions	97	101	-4.0%
Closed positions	130	121	+7.4%
Increased positions	270	308	-12.3%
Reduced positions	247	232	+6.5%

13F shares	Current	Prev Q	Change
Total value	13.48 tn	12.87 tn	+4.7%
Total shares	368.47 mm	354.70 mm	+3.9%
Total puts	17.72 mm	14.66 mm	+20.9%
Total calls	25.60 mm	28.74 mm	-10.9%
Total put/call ratio	0.7	0.5	+35.7%

Largest owners	Shares	Value	Change
Vanguard	42.49 mm	$1.67 tn	+4.1%
BLK BlackRock	31.35 mm	$1.23 tn	NEW
Wellington Management	23.11 mm	$905.98 bn	-0.3%
T. Rowe Price Investment Management	17.86 mm	$700.20 mm	+81.9%
STT State Street	9.50 mm	$372.38 bn	+3.2%
Marshall Wace	8.37 mm	$328.25 bn	-11.0%
Geode Capital Management	7.99 mm	$312.36 bn	+3.7%
Citadel Advisors	6.80 mm	$266.39 bn	+633.0%
CMTDF Sumitomo Mitsui Trust	6.65 mm	$260.54 bn	-1.7%
FMR	6.47 mm	$253.51 bn	+14.7%

Largest transactions	Shares	Bought/sold	Change
BLK BlackRock	31.35 mm	+31.35 mm	NEW
BLK BlackRock	0.00	-30.84 mm	EXIT
T. Rowe Price Investment Management	17.86 mm	+8.04 mm	+81.9%
Citadel Advisors	6.80 mm	+5.87 mm	+633.0%
Norges Bank	0.00	-5.66 mm	EXIT
Capital World Investors	4.82 mm	+4.82 mm	NEW
Aqr Capital Management	259.64 k	-3.62 mm	-93.3%
IVZ Invesco	3.12 mm	-3.45 mm	-52.6%
Millennium Management	3.03 mm	+2.86 mm	+1593.2%
Kodai Capital Management	2.23 mm	+2.23 mm	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

DKNG insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
9 Dec 24	Dodge R Stanton	Class A Common Stock	Sell	Dispose S	No	No	42.74	228,496	9.77 mm	541,884
9 Dec 24	Dodge R Stanton	Class A Common Stock	Option exercise	Acquire M	No	No	2.95	165,000	486.75 k	770,380
9 Dec 24	Dodge R Stanton	Class A Common Stock	Option exercise	Acquire M	No	No	2.95	314,807	928.68 k	605,380
9 Dec 24	Dodge R Stanton	Forward Sale Contract (obligation to sell) Class A Common Stock	Other	Acquire J	No	No	0	500,000	0.00	500,000
9 Dec 24	Dodge R Stanton	Stock Option Class A Common Stock	Option exercise	Dispose M	No	No	2.95	165,000	486.75 k	1,649,400
9 Dec 24	Dodge R Stanton	Stock Option Class A Common Stock	Option exercise	Dispose M	No	No	2.95	314,807	928.68 k	0
1 Dec 24	Erik Bradbury	Class A Common Stock	Payment of exercise	Dispose F	No	No	43.65	1,341	58.53 k	11,965
1 Dec 24	Erik Bradbury	Class A Common Stock	Option exercise	Acquire M	No	No	0	2,745	0.00	13,306
1 Dec 24	Erik Bradbury	RSU Class A Common Stock	Option exercise	Dispose M	No	No	0	2,745	0.00	41,178
1 Dec 24	Jason Robins	Class A Common Stock	Payment of exercise	Dispose F	No	No	43.65	7,932	346.23 k	2,658,874