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Infra Built in ZIRP '25: Digital Consumer Service
8 tickers · $201.03B total market cap
Group: Infra Built in ZIRP
As of Spring 2025, the thesis is mixed for the Digital Consumer Service subtheme built during the ZIRP era. Companies like DASH, PTON, and DKNG have shown resilience by leveraging infrastructure created during times of cheap capital, potentially creating temporal moats. However, the current high-interest rate environment presents challenges for these companies to sustain growth without the easy access to capital they once enjoyed. The market is evaluating whether these firms can maintain competitive advantages and achieve profitability in a tighter financial landscape.
Infra Built in ZIRP '25: Digital Consumer Service tracks 8 publicly listed stocks in this theme: CRCT, CVNA, DASH, DKNG, FTDR, PTON, RBLX, TOST. See the constituent table for details.
Thesis update: 2025-04-01
Constituents
Build 20260520T081747
| Company | Previous Quarter Report Date | Next Expected Report Date | Last Quarter Earnings Move % | Earnings Move % | Intra-Quarter Move % | Since Last Report % | Market cap | Weight |
|---|---|---|---|---|---|---|---|---|
Carvana Co.CVNA | 04/29/2026 (AMC) | 04/29/2026 (AMC) | -6.89% | -2.61% | 17.82% | -19.97% | $68.67B | 12.5000 |
DoorDash, Inc.DASH | 05/06/2026 (AMC) | 05/06/2026 (AMC) | 1.68% | 3.14% | -4.72% | -9.75% | $67.38B | 12.5000 |
Roblox CorporationRBLX | 04/30/2026 (BMO) | 04/30/2026 (BMO) | 5.31% | -19.81% | -15.27% | -1.51% | $31.50B | 12.5000 |
Toast, Inc.TOST | 05/07/2026 (AMC) | 05/07/2026 (AMC) | 4.55% | -11.52% | 7.50% | -7.31% | $13.47B | 12.5000 |
DraftKings Inc.DKNG | 05/07/2026 (AMC) | 05/07/2026 (AMC) | -13.51% | 6.69% | 15.90% | 0.08% | $12.66B | 12.5000 |
Frontdoor, Inc.FTDR | 04/30/2026 (BMO) | 04/30/2026 (BMO) | 21.79% | 13.55% | -11.64% | -9.85% | $4.36B | 12.5000 |
Peloton Interactive, Inc.PTON | 05/07/2026 (BMO) | 05/07/2026 (BMO) | -21.74% | 9.42% | 12.43% | -8.08% | $2.14B | 12.5000 |
Cricut, Inc.CRCT | 05/05/2026 (AMC) | 05/05/2026 (AMC) | -4.17% | 6.73% | 1.93% | -9.68% | $841.8M | 12.5000 |
| Average | -1.62% | 0.70% | 2.99% | -8.26% | $25.13B | 12.5000 | ||
| Median | -1.24% | 4.91% | 4.72% | -8.88% | $13.06B | 12.5000 | ||
| Std Dev | 12.38% | 10.61% | 11.75% | 5.70% | $26.37B | 0.0% | ||
| Min | -21.74% | -19.81% | -15.27% | -19.97% | $841.8M | 12.5000 | ||
| Max | 21.79% | 13.55% | 17.82% | 0.08% | $68.67B | 12.5000 | ||
| % Positive Tickers | 50.00% | 62.50% | 62.50% | 12.50% |
* Provisional value: before LstRpt% reaches its 2-day post-report lock window (BMO/AMC adjusted), EarningsPerf is calculated from current vs pre-report and then locks to final LstRpt%.