Diabetic ketoacidosis (DKA) is characterized by hyperglycemia, hyperketonemia, and metabolic acidosis due to absolute or relative insulin deficiency. It is caused by lack of insulin leading to breakdown of fats instead of glucose. This produces ketone bodies like acetoacetate and beta-hydroxybutyrate, causing metabolic acidosis. Signs include nausea, vomiting, abdominal pain, and potentially cerebral edema, coma, and death if untreated. Treatment involves volume expansion, insulin replacement, and preventing hypokalemia.