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Ratios

DraftKings (DKNG) Cost of Revenue (2021 - 2025)

DraftKings (DKNG) has disclosed Cost of Revenue for 5 consecutive years, with $2.6 billion as the latest value for Q4 2025.

  • Quarterly Cost of Revenue rose 407.84% to $2.6 billion in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $3.6 billion through Dec 2025, up 621.4% year-over-year, with the annual reading at $3.6 billion for FY2025, 181.2% up from the prior year.
  • Cost of Revenue for Q4 2025 was $2.6 billion at DraftKings, up from $360.4 million in the prior quarter.
  • The five-year high for Cost of Revenue was $2.6 billion in Q4 2025, with the low at -$851.0 million in Q4 2024.
  • Average Cost of Revenue over 5 years is $397.8 million, with a median of $330.8 million recorded in 2022.
  • The sharpest move saw Cost of Revenue crashed 218.75% in 2024, then skyrocketed 407.84% in 2025.
  • Over 5 years, Cost of Revenue stood at $91.1 million in 2021, then surged by 278.99% to $345.3 million in 2022, then skyrocketed by 107.56% to $716.7 million in 2023, then plummeted by 218.75% to -$851.0 million in 2024, then surged by 407.84% to $2.6 billion in 2025.
  • According to Business Quant data, Cost of Revenue over the past three periods came in at $2.6 billion, $360.4 million, and $233.2 million for Q4 2025, Q3 2025, and Q2 2025 respectively.