Filing Flows › DraftKings (DKNG) › Q1 2026
DraftKings (DKNG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
DraftKings (DKNG) reported revenue of $1.6B for the first quarter 2026 (Q1 2026), +17% from a year earlier and -17% from the quarter before. Operating margin was 0.4%, net earnings $21.1M (1.3% of revenue).
DraftKings, Q1 2026: revenue $1.6B (+17% year over year), operating margin 0.4%, net earnings $21.1M, operating cash flow −$48.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | -17% | +17% |
| Operating profit | $5.8M | -96% | — |
| Net earnings | $21.1M | -85% | — |
| Operating cash flow | −$48.4M | -115% | — |
What changed
Revenue was $1.6B in Q1 2026, up 17% year over year and down 17% from the previous quarter. Sportsbook was the largest line at 67% of revenue. Sportsbook added $0.21B year over year (up 24%), 90% of the total change. Other declined 13%.
Operating profit was $0.01B, a 0.4% margin (up 3.6 points year over year). Total costs grew 13% against revenue growth of 17%. The fastest-growing cost line was Other operating costs (+19%). Net earnings were $0.02B. The effective tax rate was 23.2%. Non-operating items added $0.02B, 79% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$0.05B. Non-cash charges added back $0.07B of depreciation and amortization and $0.07B of share-based compensation. Working capital and other items used $0.21B. Capital expenditures of $0.01B exceeded it, leaving free cash flow of −$0.06B.
Questions
What was DraftKings' revenue in the first quarter 2026?
DraftKings (DKNG) reported revenue of $1.6B for the first quarter 2026 (Q1 2026), +17% from a year earlier and -17% from the quarter before.
Was DraftKings profitable in the first quarter 2026?
Operating profit was $5.8M (0.4% of revenue) and net earnings $21.1M.
Source: DraftKings 10-Q on SEC EDGAR.