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DraftKings Inc. DKNG Reportable Segment — Cost of revenue

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Other financials

Income statement

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Revenue$1.4B-4.6%
Gross profit$551.5M-16.2%
Operating income-$68.2M-145%
Net income-$67.6M-143%
EPS (diluted)-$0.14-147%

Balance sheet

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Cash & equivalents$1.4B-11.3%
Total debt$661.5M+0.5%
Total equity$569.4M-43.6%
Total assets$4.3B-4.4%

Cash flow

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Operating cash flow$111.4M-35.9%
CapEx$4.6M+6.3%
Free cash flow$106.9M-37.0%

Valuation

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Market cap$10.8B-52.0%
Enterprise value$10.07B-53.4%
P/S1.7×-2.4×

Profitability

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Gross margin40.5%+1.1pp
Operating margin-5.6%-1.9pp
Net margin-2.7%-0.9pp
FCF margin10.5%+1.2pp

Returns & leverage

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Return on equity-21.1%-3.5pp
Debt / equity1.2×+0.5×
Current ratio-0.3×

Where this comes from

Reported directly by DraftKings Inc. in its filing.

Tagged under the XBRL concept dkng:CostOfRevenueGamingTaxes.

The source filing: DraftKings Inc.’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 7:02 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001883685-26-000029
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Total revenue$1,443,235$1,512,507$3,089,311$2,921,313
Less:
Cost of revenue: Gaming taxes519,646501,9291,089,177985,332
Cost of revenue: Other (1)296,816291,736610,012586,345
Adjusted sales and marketing expenses (2)310,970222,898702,452556,096
Adjusted product and technology expenses (2)100,09087,556197,707175,009
Adjusted general and administrative expenses (2)101,116107,744207,514215,257
Depreciation and amortization80,34265,299152,003135,415

Item 1. Financial Statements.

FAQ

What is DraftKings Inc.'s reportable segment — cost of revenue?
DraftKings Inc. (DKNG) reported reportable segment — cost of revenue of $519.65M in Q2 2026.
How has DraftKings Inc.'s reportable segment — cost of revenue changed year-over-year?
DraftKings Inc.'s reportable segment — cost of revenue increased by 3.5% year-over-year, from $501.93M to $519.65M.
What is the long-term trend for DraftKings Inc.'s reportable segment — cost of revenue?
Over 2 years (2023 to 2025), DraftKings Inc.'s reportable segment — cost of revenue has grown at a 30.7% compound annual growth rate (CAGR), from $1.24B to $2.11B.
What does reportable segment — cost of revenue mean?
Includes direct costs associated with providing betting and gaming services, such as platform hosting, payment processing fees, and third-party data provider costs. This metric reflects the variable expenses required to support the company's core product delivery.

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