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17 /100
LOW RISK
Score updated Oct 13, 2026

DKNG — DraftKings Inc. Dilution Risk Tracker

Track DKNG dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of October 13, 2026, DraftKings Inc. (DKNG) has a DilutionWatch DilutionScore of 17/100, rated LOW dilution risk. DraftKings Inc. has a market capitalization of $9.74B, 495.23M shares outstanding, 4 institutional holders tracked.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
20
💰 Cash Runway
10
📊 Float Risk
7
⚠️ Warrant Exposure
15
🔄 Convertible Debt
35

Dilution Forecast

☀️
Clear
No significant dilution signals
model est. 7%
🔁 Convertible Conversion model 15%
• Convertible debt present: 13.0% potential dilution
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Market Data

Market Cap$9.74B
Shares Outstanding495.23M
Float481.59M
Cash$983.88M
Debt$1.92B
Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

FieldCurrent ValueBasis
DilutionScore17/100DilutionWatch score record
Shares Outstanding495.23MVerified float table or market cache
Public Float481.59MVerified float table or market cache
Market Cap$9.74BMarket data cache
Cash Runway26.9 monthsDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM CapacityNone in current score inputsSEC-derived dilution fields
Outstanding WarrantsNone in current score inputsSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 2.

Recent SEC source mix: XBRL 2.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

QoQ: ↑ 9.9% shares (2026Q1 vs prior)
4 institutional holders · 179.6K shares
#1 Crystal Rock Capital Management 157.6K shares
#2 Norris Financial Group, LLC 21.9K shares
#3 Phillip James Consulting Co. 50 shares
+ 1 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest38.05M
Days to Cover2.2
% of Float7.9%
FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL CONVERTIBLE 2026-08-07
xbrl XBRL WARRANT 2026-02-13
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual DKNG Dilution Snapshot

DraftKings Inc. (DKNG) has a DilutionScore of 17/100, rated Low dilution risk. Score date: October 13, 2026.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

DKNG's DilutionScore is currently 17/100 (Low risk), with 2 score changes tracked over 89 days. The score improved from 13/100 (Low risk).

Period Score Risk Level Duration
Aug 18 – Oct 13, 202617/100LOW57 days
Aug 14 – Aug 17, 202613/100LOW3 days
Jul 16 – Aug 13, 202617/100LOW29 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

DKNG shares outstanding have increased 0.6% from 492.99M (Mar 2026) to 496.13M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 13, 2026496.13M481.59M▲ 0.07%
May 10, 2026495.74M481.24M▲ 0.56%
Mar 30, 2026495.74M478.55M▲ 0.02%
Mar 13, 2026492.99M478.52M▼ 0.06%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

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