DraftKings (DKNG) Research & Development (2021 - 2026)
DraftKings' (DKNG) quarterly Research & Development came in at $322.5 million in Q2 2026, up 38.32% year-over-year from $233.2 million in Q2 2025, and down 19.71% quarter-over-quarter from $401.7 million in Q1 2026.
Analysis
DraftKings (DKNG) Research & Development (2021 - 2026) Analysis & Trends
DraftKings (DKNG) has reported Research & Development for 6 consecutive years, with $322.5 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Research & Development rose 38.32% year-over-year to $322.5 million in Q2 2026; TTM through Jun 2026 was $1.5 billion, a 18.82% increase from a year earlier, with the FY2025 full-year figure at $1.4 billion, up 9.09% from the prior year.
- Research & Development was $322.5 million for Q2 2026 at DraftKings, down from $401.7 million in the prior quarter.
- Over five years, Research & Development peaked at $442.6 million in Q4 2025 and troughed at $197.5 million in Q2 2022.
- A 5-year average of $319.8 million and a median of $331.2 million in 2024 frame the typical range for Research & Development.
- Across the five-year window, Research & Development surged 40.56% in 2022 and slipped 15.79% in 2023, its largest moves.
- Over 5 years, Research & Development stood at $345.3 million in 2022, then decreased by 15.79% to $290.8 million in 2023, then increased by 26.77% to $368.6 million in 2024, then grew by 20.09% to $442.6 million in 2025, then declined by 27.13% to $322.5 million in 2026.
- The last three Research & Development figures came in at $322.5 million (Q2 2026), $401.7 million (Q1 2026), and $442.6 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.22 Bn | 15.66 Bn | 1.71 Bn | 1.01 Bn |
| 2 | DraftKings | 11.74 Bn | 10.75 Bn | 551.45 Mn | 322.54 Mn |
| 3 | Super Group (SGHC) | 6.91 Bn | 6.36 Bn | - | -436.00 Mn |
| 4 | Rush Street Interactive | 2.92 Bn | 2.58 Bn | 139.66 Mn | - |
| 5 | Codere Online Luxembourg | 421.74 Mn | 352.31 Mn | - | - |
| 6 | Meridian Holdings | 173.39 Mn | 156.07 Mn | 26.85 Mn | - |
| 7 | High Roller Technologies | 52.50 Mn | 49.84 Mn | - | - |
| 8 | VIP Play | 24.98 Mn | 24.89 Mn | -313,000.00 | 124,000.00 |
| 9 | Apple iSports | 16.64 Mn | 16.64 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 322.54 Mn |
| Mar 31, 2026 | 401.73 Mn |
| Dec 31, 2025 | 442.64 Mn |
| Sep 30, 2025 | 360.37 Mn |
| Jun 30, 2025 | 233.19 Mn |
| Mar 31, 2025 | 343.68 Mn |
| Dec 31, 2024 | 368.60 Mn |
| Sep 30, 2024 | 339.94 Mn |
| Jun 30, 2024 | 215.68 Mn |
| Mar 31, 2024 | 340.70 Mn |
| Dec 31, 2023 | 290.78 Mn |
| Sep 30, 2023 | 313.32 Mn |
| Jun 30, 2023 | 207.49 Mn |
| Mar 31, 2023 | 389.13 Mn |
| Dec 31, 2022 | 345.28 Mn |
| Sep 30, 2022 | 321.71 Mn |
| Jun 30, 2022 | 197.53 Mn |
| Mar 31, 2022 | 321.45 Mn |
| Dec 31, 2021 | 278.44 Mn |
| Sep 30, 2021 | 303.66 Mn |