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| 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 |
| Mar 31, 2021 | 56.16 Mn |