DraftKings (DKNG) Cost of Revenue (2021 - 2026)

DraftKings (DKNG) has reported Cost of Revenue for 6 consecutive years, with $949.4 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Cost of Revenue rose 12.51% year-over-year to $949.4 million; the TTM figure through Mar 2026 stood at $3.7 billion (up 18.75% YoY), while the FY2025 annual figure was $3.6 billion, up 20.55% from the prior year.
• Cost of Revenue declined to $949.4 million in Q1 2026 per DKNG's latest filing, from $1.1 billion in the prior quarter.
• Across five years, Cost of Revenue topped out at $1.1 billion in Q4 2025 and bottomed at $312.8 million in Q2 2022.
• Historically, Cost of Revenue has averaged $660.8 million across 5 years, with a median of $710.1 million in 2024.
• Annual changes were most pronounced in 2022 — Cost of Revenue jumped 118.27% — and 2025, when it grew 5.61%.
• DraftKings' Cost of Revenue stood at $485.4 million in 2022, then jumped by 47.63% to $716.7 million in 2023, then climbed by 16.46% to $834.6 million in 2024, then advanced by 28.74% to $1.1 billion in 2025, then retreated by 11.64% to $949.4 million in 2026.
• Business Quant data shows DKNG's Cost of Revenue at $949.4 million in Q1 2026, $1.1 billion in Q4 2025, and $784.1 million in Q3 2025.