Growth Metrics

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% on a QoQ basis from $133.6 million in Q4 2025.

DraftKings (DKNG) has 6 years of Research & Development data on file, last reported at $123.2 million in Q1 2026.

  • Quarterly Research & Development rose 19.29% year-over-year to $123.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $479.8 million (up 16.59% YoY) and the FY2025 annual result came in at $459.9 million, up 15.81% from the prior year.
  • Research & Development declined to $123.2 million in Q1 2026 per DKNG's latest filing, from $133.6 million in the prior quarter.
  • Across five years, Research & Development topped out at $133.6 million in Q4 2025 and bottomed at $76.3 million in Q3 2022.
  • The 5-year median for Research & Development is $89.9 million (2023), against an average of $97.3 million.
  • The widest annual swing landed in 2022, when Research & Development soared 44.86%; it then gained 0.83% in 2024.
  • Tracing DKNG's Research & Development over 5 years: stood at $83.4 million in 2022, then advanced by 5.71% to $88.2 million in 2023, then advanced by 27.12% to $112.1 million in 2024, then advanced by 19.18% to $133.6 million in 2025, then dropped by 7.77% to $123.2 million in 2026.
  • Per Business Quant, the three latest DKNG Research & Development figures stand at $123.2 million (Q1 2026), $133.6 million (Q4 2025), and $114.7 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Flutter Entertainment 18.39 Bn 17.30 Bn 1.84 Bn 259.00 Mn
2 DraftKings 13.23 Bn 12.22 Bn 696.69 Mn 123.18 Mn
3 Churchill Downs 6.28 Bn 6.13 Bn 475.00 Mn -
4 Rush Street Interactive 2.60 Bn 2.43 Bn 132.17 Mn -
5 Brightstar Lottery 2.28 Bn 2.94 Bn - -
6 Accel Entertainment 1.01 Bn 735.58 Mn 109.94 Mn -
7 Codere Online Luxembourg 490.38 Mn 420.96 Mn - -
8 Bragg Gaming 269.74 Mn 261.99 Mn 18.22 Mn -575,037.50
9 Inspired Entertainment 233.43 Mn 189.93 Mn 54.60 Mn -
10 High Roller Technologies 45.23 Mn 42.56 Mn - -

Historic Data

Download Data 🔒
DateValue
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
Mar 31, 2021 56.16 Mn