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DraftKings Inc. DKNG Reportable Segment — Product and technology expenses

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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:AdjustedProductAndTechnologyExpense.

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
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
Interest (income) expense, net7,434(665)13,173(5,060)
Stock-based compensation82,55484,701147,769163,547

Item 1. Financial Statements.

FAQ

What is DraftKings Inc.'s reportable segment — product and technology expenses?
DraftKings Inc. (DKNG) reported reportable segment — product and technology expenses of $100.09M in Q2 2026.
How has DraftKings Inc.'s reportable segment — product and technology expenses changed year-over-year?
DraftKings Inc.'s reportable segment — product and technology expenses increased by 14.3% year-over-year, from $87.56M to $100.09M.
What is the long-term trend for DraftKings Inc.'s reportable segment — product and technology expenses?
Over 3 years (2022 to 2025), DraftKings Inc.'s reportable segment — product and technology expenses has grown at a 19.9% compound annual growth rate (CAGR), from $214.82M to $370.26M.
What does reportable segment — product and technology expenses mean?
Covers the costs of developing, maintaining, and upgrading the software, mobile applications, and backend infrastructure that power the gaming experience. This investment is essential for product differentiation and user retention.

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