DraftKings (DKNG) Research & Development (2021 - 2026)
DraftKings (DKNG) reported Research & Development of $123.2 million for Q1 2026, up 19.29% year-over-year from $103.3 million in Q1 2025, and down 7.77% quarter-over-quarter from $133.6 million in Q4 2025.
DraftKings (DKNG) Research & Development (2021 - 2026) Analysis & Trends
DraftKings (DKNG) has 6 years of Research & Development data on file, last reported at $123.2 million in Q1 2026.
- Research & Development for Q1 2026 came in at $123.2 million, up 19.29% year-over-year; the trailing twelve-month figure through Mar 2026 was $479.8 million (up 16.59% YoY), and the FY2025 annual result was $459.9 million, up 15.81% from the prior year.
- Research & Development eased to $123.2 million in Q1 2026 per DKNG's latest filing, from $133.6 million in the prior quarter.
- Over five years, Research & Development peaked at $133.6 million in Q4 2025 and troughed at $76.3 million in Q3 2022.
- A 5-year average of $97.3 million and a median of $89.9 million in 2023 frame the typical range for Research & Development.
- The sharpest annual moves came in 2022 and 2024: Research & Development surged 44.86% in 2022, then climbed 0.83% in 2024.
- A 5-year view of Research & Development shows it stood at $83.4 million in 2022, then grew by 5.71% to $88.2 million in 2023, then grew by 27.12% to $112.1 million in 2024, then grew by 19.18% to $133.6 million in 2025, then fell by 7.77% to $123.2 million in 2026.
- Business Quant data shows DKNG's Research & Development at $123.2 million in Q1 2026, $133.6 million in Q4 2025, and $114.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.90 Bn | 16.81 Bn | 1.84 Bn | 259.00 Mn |
| 2 | DraftKings | 13.03 Bn | 12.02 Bn | 696.69 Mn | 123.18 Mn |
| 3 | Churchill Downs | 6.18 Bn | 6.02 Bn | 475.00 Mn | - |
| 4 | Rush Street Interactive | 2.98 Bn | 2.81 Bn | 132.17 Mn | - |
| 5 | Brightstar Lottery | 2.10 Bn | 1.86 Bn | 553.00 Mn | 14.00 Mn |
| 6 | Accel Entertainment | 1.07 Bn | 801.63 Mn | 109.94 Mn | - |
| 7 | Codere Online Luxembourg | 539.90 Mn | 470.47 Mn | - | - |
| 8 | Bragg Gaming | 273.64 Mn | 265.89 Mn | 18.22 Mn | -575,037.50 |
| 9 | Inspired Entertainment | 234.31 Mn | 190.81 Mn | 54.60 Mn | - |
| 10 | High Roller Technologies | 50.40 Mn | 47.74 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 123.18 Mn |
| Dec 31, 2025 | 133.56 Mn |
| Sep 30, 2025 | 114.68 Mn |
| Jun 30, 2025 | 108.42 Mn |
| Mar 31, 2025 | 103.26 Mn |
| Dec 31, 2024 | 112.06 Mn |
| Sep 30, 2024 | 103.58 Mn |
| Jun 30, 2024 | 92.66 Mn |
| Mar 31, 2024 | 88.82 Mn |
| Dec 31, 2023 | 88.16 Mn |
| Sep 30, 2023 | 89.01 Mn |
| Jun 30, 2023 | 89.91 Mn |
| Mar 31, 2023 | 88.09 Mn |
| Dec 31, 2022 | 83.39 Mn |
| Sep 30, 2022 | 76.30 Mn |
| Jun 30, 2022 | 77.20 Mn |
| Mar 31, 2022 | 81.35 Mn |
| Dec 31, 2021 | 69.64 Mn |
| Sep 30, 2021 | 65.22 Mn |
| Jun 30, 2021 | 62.64 Mn |