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% quarter-over-quarter from $320.3 million in Q4 2025.
DraftKings (DKNG) Operating Expenses (2021 - 2026) Analysis & Trends
DraftKings (DKNG) has 6 years of Operating Expenses data on file, last reported at $289.1 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $289.1 million, up 8.02% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.2 billion (down 0.93% YoY), and the FY2025 annual result was $1.1 billion, down 2.39% from the prior year.
- Operating Expenses retreated to $289.1 million in Q1 2026 per DKNG's latest filing, from $320.3 million in the prior quarter.
- Over five years, Operating Expenses peaked at $328.7 million in Q4 2024 and troughed at $219.8 million in Q3 2023.
- A 5-year average of $272.2 million and a median of $267.2 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses dropped 17.33% in 2022, then soared 41.84% in 2024.
- A 5-year view of Operating Expenses shows it stood at $256.6 million in 2022, then gained by 4.13% to $267.2 million in 2023, then grew by 23.0% to $328.7 million in 2024, then dropped by 2.56% to $320.3 million in 2025, then fell 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.90 Bn | 16.81 Bn | 1.84 Bn | 792.00 Mn |
| 2 | DraftKings | 13.03 Bn | 12.02 Bn | 696.69 Mn | 289.11 Mn |
| 3 | Churchill Downs | 6.18 Bn | 6.02 Bn | 475.00 Mn | 520.00 Mn |
| 4 | Rush Street Interactive | 2.98 Bn | 2.81 Bn | 132.17 Mn | 327.58 Mn |
| 5 | Brightstar Lottery | 2.10 Bn | 1.86 Bn | 553.00 Mn | 60.00 Mn |
| 6 | Accel Entertainment | 1.07 Bn | 801.63 Mn | 109.94 Mn | 324.48 Mn |
| 7 | Codere Online Luxembourg | 539.90 Mn | 470.47 Mn | - | - |
| 8 | Bragg Gaming | 273.64 Mn | 265.89 Mn | 18.22 Mn | 17.75 Mn |
| 9 | Inspired Entertainment | 234.31 Mn | 190.81 Mn | 54.60 Mn | 24.30 Mn |
| 10 | High Roller Technologies | 50.40 Mn | 47.74 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |