DraftKings DKNG
NASDAQ DKNG
$23.67 +0.01 (+0.04%)
As of: Sep 10, 2026 · 1:42 PM EDT

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

Historic Data

Download Data
DateValue
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