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

DraftKings (DKNG) has disclosed Cost of Revenue for 5 consecutive years, with $442.6 million as the latest value for Q4 2025.

  • On a quarterly basis, Cost of Revenue rose 20.09% to $442.6 million in Q4 2025 year-over-year; TTM through Dec 2025 was $1.4 billion, a 32.25% decrease, with the full-year FY2025 number at $1.4 billion, up 9.09% from a year prior.
  • Cost of Revenue was $442.6 million for Q4 2025 at DraftKings, up from $360.4 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $1.4 billion in Q4 2023 to a low of -$266.9 million in Q2 2025.
  • A 5-year average of $415.4 million and a median of $341.0 million in 2022 define the central range for Cost of Revenue.
  • Peak YoY movement for Cost of Revenue: soared 136.95% in 2024, then crashed 223.77% in 2025.
  • DraftKings' Cost of Revenue stood at $411.4 million in 2021, then skyrocketed by 56.45% to $643.6 million in 2022, then surged by 114.77% to $1.4 billion in 2023, then tumbled by 73.33% to $368.6 million in 2024, then rose by 20.09% to $442.6 million in 2025.
  • Per Business Quant, the three most recent readings for DKNG's Cost of Revenue are $442.6 million (Q4 2025), $360.4 million (Q3 2025), and -$266.9 million (Q2 2025).