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
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