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% quarter-over-quarter 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.

  • Research & Development for Q1 2026 came in at $123.2 million, up 19.29% year-over-year; the trailing twelve-month figure through Mar 2026 was $479.8 million (up 16.59% YoY), and the FY2025 annual result was $459.9 million, up 15.81% from the prior year.
  • Research & Development eased to $123.2 million in Q1 2026 per DKNG's latest filing, from $133.6 million in the prior quarter.
  • Over five years, Research & Development peaked at $133.6 million in Q4 2025 and troughed at $76.3 million in Q3 2022.
  • A 5-year average of $97.3 million and a median of $89.9 million in 2023 frame the typical range for Research & Development.
  • The sharpest annual moves came in 2022 and 2024: Research & Development surged 44.86% in 2022, then climbed 0.83% in 2024.
  • A 5-year view of Research & Development shows it stood at $83.4 million in 2022, then grew by 5.71% to $88.2 million in 2023, then grew by 27.12% to $112.1 million in 2024, then grew by 19.18% to $133.6 million in 2025, then fell by 7.77% to $123.2 million in 2026.
  • Business Quant data shows DKNG's Research & Development at $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 Flutter Entertainment 17.90 Bn 16.81 Bn 1.84 Bn 259.00 Mn
2 DraftKings 13.03 Bn 12.02 Bn 696.69 Mn 123.18 Mn
3 Churchill Downs 6.18 Bn 6.02 Bn 475.00 Mn -
4 Rush Street Interactive 2.98 Bn 2.81 Bn 132.17 Mn -
5 Brightstar Lottery 2.10 Bn 1.86 Bn 553.00 Mn 14.00 Mn
6 Accel Entertainment 1.07 Bn 801.63 Mn 109.94 Mn -
7 Codere Online Luxembourg 539.90 Mn 470.47 Mn - -
8 Bragg Gaming 273.64 Mn 265.89 Mn 18.22 Mn -575,037.50
9 Inspired Entertainment 234.31 Mn 190.81 Mn 54.60 Mn -
10 High Roller Technologies 50.40 Mn 47.74 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