Democratic challenger Eileen Laubacher raised more than 10 times as much as Rep. Lauren Boebert last quarter

DENVER — With less than five months to go until Colorado’s June 30 primary election, the money game came into sharper focus across the state’s congressional races and U.S. Senate contest with last weekend’s campaign finance reporting deadline.

Colorado features one of the closest congressional races in the nation — the 8th Congressional District, which covers a stretch of suburbs and farmland north of Denver. Meanwhile, U.S. Sen. John Hickenlooper has attracted a few intraparty challengers to his reelection bid, though he handily outraised them in the final quarter of 2025.

In Colorado’s ruby red 4th Congressional District, incumbent Republican Rep. Lauren Boebert trailed badly in the fundraising game in the last quarter of last year, though the Democrats trying to send her packing have a tough road ahead given the district’s political makeup.

Here’s a closer look at where donors are lining up in Colorado’s most competitive congressional contests, along with a glance at the U.S. Senate race. The three districts held by Democratic incumbent Congress members Joe Neguse, Jason Crow and Brittany Pettersen are largely without political intrigue so far in this election cycle.

The latest numbers from the Federal Election Commission cover the period from Oct. 1 to Dec. 31, 2025.

CD 8

The 8th Congressional District is the race the political chattering classes often point to as one that could decide the balance of power in the U.S. House, given its ultra-competitive nature. Cook Political Report ranks it as a toss-up contest, with Republican U.S. Rep. Gabe Evans hoping to retain power for a second term.

He beat former Rep. Yadira Caraveo , a Democrat, in 2024 by fewer than 3,000 votes.

Evans managed to outraise the competition in the fourth quarter of 2025, but not significantly. The former state lawmaker and police officer pulled down nearly $487,000 and now has around $2.55 million of cash on hand. His closest competitor, Democratic state Rep. Manny Rutinel, raised nearly $419,000 and has around $1.2 million in the bank.

Rutinel has actually outraised Evans for the entire election cycle — $2.5 million to $1.85 million, according to FEC data. He also spent the most in the field last quarter — $230,000.

Former Democratic state Rep. Shannon Bird, who resigned from the Colorado General Assembly in December to put full focus on the 8th District race, collected $375,000 from donors in the fourth quarter, adding to the nearly $1 million she had raised before Oct. 1.

Marine combat veteran and finance professional Evan Munsing pulled in $225,000 during the quarter. The Democrat has more than $213,000 in his war chest.

CD 4

Republican firebrand Boebert, the incumbent in the sprawling Eastern Plains district, had an anemic showing in the most recent filing with the FEC. Collecting less than $150,000 in the final quarter of 2025, she trailed Democratic challenger Eileen Laubacher by a massive margin.

Laubacher, a Navy veteran and rear admiral, had the biggest haul of the quarter of any candidate running for Congress in Colorado. She pulled down just over $2 million, bringing her contribution total in the election cycle to nearly $6.5 million. She sits on a pile of more than $2.5 million in cash compared to Boebert’s $219,000.

Laubacher also spent a hefty $1.5 million on her election effort last quarter.

Trisha Calvarese, the Democratic nominee who lost to Boebert in 2024, had an impressive haul — just over $1 million in the fourth quarter — but was only at about half of what Laubacher took in. Still, Calvarese has more than twice Boebert’s cash on hand, with $518,000 in the bank.

Democratic contenders John Padora, who has run for the 4th District before, and Jenna Preston each collected around $20,000 last quarter. Preston, a clinical psychologist, has nearly $53,000 in cash on hand to Padora’s less than $9,000.

CD 5

Another firmly Republican district, Colorado’s 5th will give Democrat Jessica Killin a run for her money as she tries to oust Republican U.S. Rep. Jeff Crank. A former U.S. Army captain and chief of staff to former second gentleman Doug Emhoff, Killin jumped into the race last summer.

Her fundraising prowess has been impressive, and she collected around $611,000 in the fourth quarter. That brings her total for the cycle to more than $1.6 million. Crank pulled in just over $280,000 for the quarter. Killin holds a cash-on-hand advantage of $1.1 million to Crank’s more than $968,000.

But Crank won the seat, which encompasses Colorado Springs, by 14 percentage points over his Democratic opponent in 2024.

The race has attracted several other Democratic challengers, including unsuccessful 2024 contender Joseph Reagan, but none have come close to matching Killin’s haul.

CD 3

Gone are the days of eye-popping money in Colorado’s 3rd Congressional District, when Boebert was being challenged by Democrat Adam Frisch before she switched districts to the 4th in the waning days of 2023.

Frisch, a former Aspen city councilman who raised more than $12 million in the 2024 election cycle, lost to Republican Jeff Hurd in the right-leaning district that primarily covers the western stretch of the state.

Hurd’s Democratic challenger this cycle, San Luis Valley native Alex Kelloff, raised $65,000 in the final quarter of 2025 — compared to Hurd’s $240,000 haul. Kelloff has $434,000 cash on hand while Hurd’s pile has grown to more than $1.57 million.

But Hurd, a Grand Junction attorney who is in his first term in Congress, must first fend off a candidate to his right in the June 30 primary — former Colorado Republican Vice Chairwoman Hope Scheppelman.

However, the difference in fundraising is stark. Scheppelman raised around $43,000 last quarter, according to FEC numbers, and has less than a tenth of Hurd’s war chest.

CD 1

Democrat Diana DeGette is Colorado’s longest-serving member of Congress — by a long shot. But she has several candidates in her party to fend off in June before standing for reelection in November in what will be an attempt at her 15th term in office.

Most notable is Wanda James, a University of Colorado regent and marijuana entrepreneur, who raised more than $78,000 in 2025’s final quarter. That total brings her cash on hand to $93,000. Attorney Melat Kiros, a native of Ethiopia, nearly matched James’ take at $77,500 but has less in the bank — with cash on hand of $64,000.

Meanwhile, DeGette pulled in nearly $249,000 last quarter and sits on a pile of $535,000 in cash on hand.

No Republicans have raised any money in the Denver-centered race so far.

U.S. Senate

In Colorado’s lone Senate race, Hickenlooper was the king of fundraising last quarter. He reported collecting more than $936,000 from donors. The former Denver mayor and Colorado governor, who is in his first term in the Senate, has a war chest of nearly $3.9 million.

He is being challenged on the left by state Sen. Julie Gonzales, who jumped into the race in December. In less than a month, the Democrat managed to pull in nearly $180,000 and has nearly $161,000 cash on hand.

University of Colorado political science professor Karen Breslin is also challenging Hickenlooper in the June primary. The Democrat raised just over $58,000 last quarter and has just $7,000 in the bank.

Two Republicans are also in the race. Janak Joshi, a former state lawmaker who unsuccessfully ran for the 8th Congressional District in 2024, collected just over $60,000 in the fourth quarter and has nearly $350,000 cash on hand.

George Markert, a U.S. Marine for more than 30 years, took in $55,000 last quarter and sits on nearly $73,000 in cash, according to FEC filings.

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