DraftKings (DKNG) Operating Expenses (2021 - 2026)
DraftKings (DKNG) posted quarterly Operating Expenses of $289.1 million for Q1 2026, down 43.1% year-over-year from $508.1 million in Q1 2025, and down 9.73% quarter-over-quarter from $320.3 million in Q4 2025.
DraftKings (DKNG) Operating Expenses (2021 - 2026) Analysis & Trends
DraftKings (DKNG) has reported Operating Expenses for 6 consecutive years, with $289.1 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses fell 43.1% year-over-year to $289.1 million; the TTM figure through Mar 2026 stood at $1.3 billion (down 23.04% YoY), while the FY2025 annual figure was $1.1 billion, down 44.13% from the prior year.
- Operating Expenses declined to $289.1 million in Q1 2026 per DKNG's latest filing, from $320.3 million in the prior quarter.
- Across five years, Operating Expenses topped out at $1.1 billion in Q4 2023 and bottomed at -$349.2 million in Q4 2022.
- Historically, Operating Expenses has averaged $396.7 million across 5 years, with a median of $385.1 million in 2022.
- Annual changes were most pronounced in 2022 — Operating Expenses plunged 67.42% — and 2023, when it surged 418.67%.
- DraftKings' Operating Expenses stood at -$349.2 million in 2022, then soared by 418.67% to $1.1 billion in 2023, then sank by 47.41% to $585.2 million in 2024, then plunged by 45.27% to $320.3 million in 2025, then retreated by 9.73% to $289.1 million in 2026.
- Business Quant data shows DKNG's Operating Expenses at $289.1 million in Q1 2026, $320.3 million in Q4 2025, and $271.5 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.48 Bn | 15.91 Bn | 1.71 Bn | 1.56 Bn |
| 2 | DraftKings | 12.42 Bn | 11.42 Bn | 551.45 Mn | 491.98 Mn |
| 3 | Super Group (SGHC) | 6.68 Bn | 6.26 Bn | - | -470.00 Mn |
| 4 | Churchill Downs | 6.51 Bn | 6.31 Bn | 712.00 Mn | 623.00 Mn |
| 5 | Rush Street Interactive | 2.83 Bn | 2.49 Bn | 139.66 Mn | 347.55 Mn |
| 6 | Brightstar Lottery | 2.15 Bn | 877.09 Mn | 297.00 Mn | 60.00 Mn |
| 7 | Accel Entertainment | 993.49 Mn | 738.04 Mn | 115.51 Mn | 336.07 Mn |
| 8 | Codere Online Luxembourg | 416.60 Mn | 347.18 Mn | - | - |
| 9 | Inspired Entertainment | 170.71 Mn | 146.31 Mn | 52.10 Mn | 24.20 Mn |
| 10 | Grandstand | 71.71 Mn | 62.91 Mn | 31.83 Mn | -21.76 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 491.98 Mn |
| Mar 31, 2026 | 289.11 Mn |
| Dec 31, 2025 | 320.28 Mn |
| Sep 30, 2025 | 271.46 Mn |
| Jun 30, 2025 | 398.89 Mn |
| Mar 31, 2025 | 508.07 Mn |
| Dec 31, 2024 | 585.24 Mn |
| Sep 30, 2024 | 311.71 Mn |
| Jun 30, 2024 | 257.74 Mn |
| Mar 31, 2024 | 514.95 Mn |
| Dec 31, 2023 | 1.11 Bn |
| Sep 30, 2023 | 444.08 Mn |
| Jun 30, 2023 | 343.74 Mn |
| Mar 31, 2023 | 549.61 Mn |
| Dec 31, 2022 | -349.20 Mn |
| Sep 30, 2022 | 262.56 Mn |
| Jun 30, 2022 | 385.14 Mn |
| Mar 31, 2022 | 538.06 Mn |
| Dec 31, 2021 | -208.59 Mn |
| Sep 30, 2021 | 523.36 Mn |