Growth Metrics

DraftKings (DKNG) Operating Expenses (2021 - 2026)

DraftKings (DKNG) reported Operating Expenses of $289.1 million for Q1 2026, up 8.02% year-over-year from $267.7 million in Q1 2025, and down 9.73% on a QoQ basis from $320.3 million in Q4 2025.

DraftKings (DKNG) has 6 years of Operating Expenses data on file, last reported at $289.1 million in Q1 2026.

  • Quarterly Operating Expenses rose 8.02% year-over-year to $289.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.2 billion (down 0.93% YoY) and the FY2025 annual result came in at $1.1 billion, down 2.39% from the prior year.
  • Operating Expenses slipped 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 $328.7 million in Q4 2024 and bottomed at $219.8 million in Q3 2023.
  • The 5-year median for Operating Expenses is $267.2 million (2023), against an average of $272.2 million.
  • The widest annual swing landed in 2022, when Operating Expenses decreased 17.33%; it then jumped 41.84% in 2024.
  • Tracing DKNG's Operating Expenses over 5 years: stood at $256.6 million in 2022, then increased by 4.13% to $267.2 million in 2023, then advanced by 23.0% to $328.7 million in 2024, then decreased by 2.56% to $320.3 million in 2025, then dropped by 9.73% to $289.1 million in 2026.
  • Per Business Quant, the three latest DKNG Operating Expenses figures stand at $289.1 million (Q1 2026), $320.3 million (Q4 2025), and $271.5 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Flutter Entertainment 18.39 Bn 17.30 Bn 1.84 Bn 792.00 Mn
2 DraftKings 13.23 Bn 12.22 Bn 696.69 Mn 289.11 Mn
3 Churchill Downs 6.28 Bn 6.13 Bn 475.00 Mn 520.00 Mn
4 Rush Street Interactive 2.60 Bn 2.43 Bn 132.17 Mn 327.58 Mn
5 Brightstar Lottery 2.28 Bn 2.94 Bn - -
6 Accel Entertainment 1.01 Bn 735.58 Mn 109.94 Mn 324.48 Mn
7 Codere Online Luxembourg 490.38 Mn 420.96 Mn - -
8 Bragg Gaming 269.74 Mn 261.99 Mn 18.22 Mn 128.91 Mn
9 Inspired Entertainment 233.43 Mn 189.93 Mn 54.60 Mn 24.30 Mn
10 High Roller Technologies 45.23 Mn 42.56 Mn - -

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 289.11 Mn
Dec 31, 2025 320.28 Mn
Sep 30, 2025 271.46 Mn
Jun 30, 2025 274.12 Mn
Mar 31, 2025 267.65 Mn
Dec 31, 2024 328.71 Mn
Sep 30, 2024 311.71 Mn
Jun 30, 2024 257.74 Mn
Mar 31, 2024 263.07 Mn
Dec 31, 2023 267.23 Mn
Sep 30, 2023 219.77 Mn
Jun 30, 2023 226.16 Mn
Mar 31, 2023 248.56 Mn
Dec 31, 2022 256.64 Mn
Sep 30, 2022 262.56 Mn
Jun 30, 2022 264.81 Mn
Mar 31, 2022 297.96 Mn
Dec 31, 2021 310.46 Mn
Sep 30, 2021 284.93 Mn
Jun 30, 2021 261.44 Mn
Mar 31, 2021 225.16 Mn