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DraftKings (DKNG) Operating Expenses (2021 - 2025)

DraftKings (DKNG) has disclosed Operating Expenses for 5 consecutive years, with $320.3 million as the latest value for Q4 2025.

  • On a quarterly basis, Operating Expenses fell 2.56% to $320.3 million in Q4 2025 year-over-year; TTM through Dec 2025 was $1.1 billion, a 2.39% decrease, with the full-year FY2025 number at $1.1 billion, down 2.39% from a year prior.
  • Operating Expenses was $320.3 million for Q4 2025 at DraftKings, up from $271.5 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $328.7 million in Q4 2024 to a low of $219.8 million in Q3 2023.
  • A 5-year average of $271.0 million and a median of $266.0 million in 2022 define the central range for Operating Expenses.
  • Peak YoY movement for Operating Expenses: dropped 17.33% in 2022, then soared 41.84% in 2024.
  • DraftKings' Operating Expenses stood at $310.5 million in 2021, then decreased by 17.33% to $256.6 million in 2022, then increased by 4.13% to $267.2 million in 2023, then increased by 23.0% to $328.7 million in 2024, then decreased by 2.56% to $320.3 million in 2025.
  • Per Business Quant, the three most recent readings for DKNG's Operating Expenses are $320.3 million (Q4 2025), $271.5 million (Q3 2025), and $274.1 million (Q2 2025).