DraftKings (DKNG) Research & Development (2021 - 2026)

DraftKings' (DKNG) quarterly Research & Development came in at $123.2 million in Q1 2026, down 64.16% year-on-year from $343.7 million in Q1 2025, and down 7.77% on a QoQ basis 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.

  • On a quarterly basis, Research & Development fell 64.16% year-over-year to $123.2 million in Q1 2026; TTM through Mar 2026 was $604.6 million, a 33.45% decrease from a year earlier, with the FY2025 full-year figure at $459.9 million, down 63.64% from the prior year.
  • Research & Development for Q1 2026 stood at $123.2 million, down from $133.6 million in the prior quarter.
  • Over the last five years, Research & Development for DKNG reached as high as $933.7 million in Q4 2023 and fell as low as -$522.4 million in Q4 2022.
  • Historically, Research & Development has averaged $221.8 million across 5 years, with a median of $207.5 million in 2023.
  • On a YoY basis, Research & Development climbed as much as 472.4% in 2022 and fell as far as 74.87% in 2022.
  • Year by year, Research & Development stood at -$522.4 million in 2022, then surged by 278.72% to $933.7 million in 2023, then slumped by 60.52% to $368.6 million in 2024, then slumped by 63.77% to $133.6 million in 2025, then slipped by 7.77% to $123.2 million in 2026.
  • Per Business Quant data, the three most recent Research & Development figures were $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 Codere Online Luxembourg 425.84 Bn 425.77 Bn - -
2 Flutter Entertainment 19.13 Bn 17.62 Bn 1.84 Bn 966.00 Mn
3 DraftKings 12.12 Bn 11.11 Bn 696.69 Mn 123.18 Mn
4 Super Group (SGHC) 7.57 Bn 7.15 Bn - -422.00 Mn
5 Churchill Downs 6.27 Bn 6.17 Bn 464.00 Mn -
6 Rush Street Interactive 3.15 Bn 2.82 Bn 132.17 Mn -
7 Brightstar Lottery 1.94 Bn 670.63 Mn 297.00 Mn 14.00 Mn
8 Accel Entertainment 1.02 Bn 746.37 Mn 350.92 Mn -
9 Inspired Entertainment 207.07 Mn 163.57 Mn 54.60 Mn -
10 Gambling.com 58.26 Mn 42.45 Mn 39.34 Mn -17.01 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 233.19 Mn
Mar 31, 2025 343.68 Mn
Dec 31, 2024 368.60 Mn
Sep 30, 2024 103.58 Mn
Jun 30, 2024 92.66 Mn
Mar 31, 2024 340.70 Mn
Dec 31, 2023 933.72 Mn
Sep 30, 2023 313.32 Mn
Jun 30, 2023 207.49 Mn
Mar 31, 2023 389.13 Mn
Dec 31, 2022 -522.45 Mn
Sep 30, 2022 76.30 Mn
Jun 30, 2022 197.53 Mn
Mar 31, 2022 321.45 Mn
Dec 31, 2021 -449.40 Mn
Sep 30, 2021 303.66 Mn
Jun 30, 2021 62.64 Mn