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DraftKings (DKNG) Research & Development (2021 - 2025)

DraftKings (DKNG) has disclosed Research & Development for 5 consecutive years, with $133.6 million as the latest value for Q4 2025.

  • On a quarterly basis, Research & Development rose 19.18% to $133.6 million in Q4 2025 year-over-year; TTM through Dec 2025 was $459.9 million, a 15.81% increase, with the full-year FY2025 number at $459.9 million, up 15.81% from a year prior.
  • Research & Development was $133.6 million for Q4 2025 at DraftKings, up from $114.7 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $133.6 million in Q4 2025 to a low of $56.2 million in Q1 2021.
  • A 5-year average of $89.2 million and a median of $88.5 million in 2023 define the central range for Research & Development.
  • Peak YoY movement for Research & Development: surged 44.86% in 2022, then rose 0.83% in 2024.
  • DraftKings' Research & Development stood at $69.6 million in 2021, then rose by 19.75% to $83.4 million in 2022, then increased by 5.71% to $88.2 million in 2023, then increased by 27.12% to $112.1 million in 2024, then increased by 19.18% to $133.6 million in 2025.
  • Per Business Quant, the three most recent readings for DKNG's Research & Development are $133.6 million (Q4 2025), $114.7 million (Q3 2025), and $108.4 million (Q2 2025).