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| 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 |
| Mar 31, 2021 | 225.16 Mn |