DraftKings (DKNG) Change in Intangibles (2021 - 2026)
DraftKings' Change in Intangibles was $38.4 million in Q3 2026, up 16.3% from $33.02 million a year earlier and up 1.1% from the prior quarter.
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Analysis
DraftKings (DKNG) Change in Intangibles (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, DraftKings' Change in Intangibles was $151.18 million through Sep 30, 2026, up 28.0% year-over-year; for FY2025, it came in at $131.15 million, up 37.0% from FY2024.
- Change in Intangibles has now increased for five consecutive years, with a five-year compound annual growth rate of 36.7% (FY2020 to FY2025).
- In earlier years, Change in Intangibles was $95.7 million in FY2024 (+19.1%), $80.38 million in FY2023 (+25.5%), $64.03 million in FY2022 (+37.6%) and $46.54 million in FY2021 (+69.3%).
- The Q3 2026 figure marks the highest quarterly Change in Intangibles in data going back to Q1 2021.
- Compared with a year earlier, Change in Intangibles has increased for 19 straight quarters, with growth averaging 29.5% over the last eight quarters.
- Across the past five years, year-over-year growth in Change in Intangibles ran from 7.7% in Q2 2024 to 53.1% in Q4 2025.
- Per Business Quant data, DKNG's Change in Intangibles in the three quarters before Q3 2026 was $37.99 million (Q2 2026), $37.07 million (Q1 2026) and $37.72 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Intangibless (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 43.71 Bn | 37.08 Bn | 655.12 Mn | - |
| 2 | Vail Resorts | 27.65 Bn | 26.37 Bn | - | - |
| 3 | Las Vegas Sands | 25.32 Bn | 12.14 Bn | 1.47 Bn | 2.00 Mn |
| 4 | DraftKings | 16.83 Bn | 12.62 Bn | 429.05 Mn | 38.40 Mn |
| 5 | Flutter Entertainment | 14.10 Bn | 7.73 Bn | 1.52 Bn | 142.00 Mn |
| 6 | Life Time Group Holdings | 10.44 Bn | 9.61 Bn | 419.01 Mn | - |
| 7 | MGM Resorts International | 8.43 Bn | -8.70 Mn | 1.73 Bn | - |
| 8 | MSG Knickerbockers | 7.58 Bn | 7.19 Bn | 36.67 Mn | - |
| 9 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | - |
| 10 | Churchill Downs | 6.84 Bn | 6.10 Bn | 207.00 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 38.40 Mn |
| Jun 30, 2026 | 37.99 Mn |
| Mar 31, 2026 | 37.07 Mn |
| Dec 31, 2025 | 37.72 Mn |
| Sep 30, 2025 | 33.02 Mn |
| Jun 30, 2025 | 29.17 Mn |
| Mar 31, 2025 | 31.25 Mn |
| Dec 31, 2024 | 24.64 Mn |
| Sep 30, 2024 | 26.99 Mn |
| Jun 30, 2024 | 21.41 Mn |
| Mar 31, 2024 | 22.67 Mn |
| Dec 31, 2023 | 20.37 Mn |
| Sep 30, 2023 | 20.72 Mn |
| Jun 30, 2023 | 19.87 Mn |
| Mar 31, 2023 | 19.42 Mn |
| Dec 31, 2022 | 17.52 Mn |
| Sep 30, 2022 | 17.09 Mn |
| Jun 30, 2022 | 16.22 Mn |
| Mar 31, 2022 | 13.20 Mn |
| Dec 31, 2021 | 15.30 Mn |
API Access
DraftKings Change in Intangibles API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-intangibles&ticker=DKNG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-intangibles", "ticker": "DKNG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-intangibles&ticker=DKNG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();