Duolingo (DUOL) Cost of Revenue (2020 - 2026)
Duolingo (DUOL) posted Cost of Revenue of $81.7 million for Q2 2026, up 3.6% on a QoQ basis from $78.9 million in Q1 2026, and up 17.26% year-over-year from $69.7 million in Q2 2025.
Analysis
Duolingo (DUOL) Cost of Revenue (2020 - 2026) Analysis & Trends
Duolingo has reported Cost of Revenue for 7 years, with the latest figure at $81.7 million in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 17.26% year-over-year to $81.7 million in Q2 2026; TTM through Jun 2026 was $312.4 million, a 26.25% increase from a year earlier, with the FY2025 full-year figure at $288.1 million, up 41.49% from the prior year.
- Cost of Revenue was $81.7 million for Q2 2026 at Duolingo, up from $78.9 million in the prior quarter.
- The five-year high for Cost of Revenue was $81.7 million in Q2 2026, with the low at $21.5 million in Q1 2022.
- Average Cost of Revenue over 5 years is $49.7 million, with a median of $46.3 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2026: Cost of Revenue jumped 47.91% in 2022, then advanced 17.26% in 2026.
- Over 5 years, Cost of Revenue stood at $27.8 million in 2022, then soared by 46.1% to $40.6 million in 2023, then surged by 45.24% to $58.9 million in 2024, then jumped by 30.67% to $77.0 million in 2025, then increased by 6.12% to $81.7 million in 2026.
- The last three Cost of Revenue figures came in at $81.7 million (Q2 2026), $78.9 million (Q1 2026), and $77.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Duolingo | 14.45 Bn | 13.13 Bn | 216.74 Mn | 81.71 Mn |
| 2 | Youdao | 3.62 Bn | 3.50 Bn | 105.66 Mn | 110.53 Mn |
| 3 | Coursera | 1.59 Bn | 604.41 Mn | 173.40 Mn | 125.20 Mn |
| 4 | Docebo | 712.07 Mn | 666.36 Mn | 54.53 Mn | 14.12 Mn |
| 5 | 51Talk Online Education | 344.94 Mn | 309.51 Mn | 22.97 Mn | 8.21 Mn |
| 6 | iHuman | 124.70 Mn | -34.09 Mn | 17.68 Mn | 8.77 Mn |
| 7 | Nerdy | 119.95 Mn | 90.19 Mn | 27.98 Mn | 15.25 Mn |
| 8 | Chegg | 94.28 Mn | 21.96 Mn | 28.28 Mn | 23.57 Mn |
| 9 | Skillsoft | 60.79 Mn | -57.58 Mn | 78.61 Mn | 15.89 Mn |
| 10 | Sunlands Technology | 39.07 Mn | 38.85 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 81.71 Mn |
| Mar 31, 2026 | 78.87 Mn |
| Dec 31, 2025 | 77.00 Mn |
| Sep 30, 2025 | 74.80 Mn |
| Jun 30, 2025 | 69.68 Mn |
| Mar 31, 2025 | 66.65 Mn |
| Dec 31, 2024 | 58.93 Mn |
| Sep 30, 2024 | 52.18 Mn |
| Jun 30, 2024 | 47.35 Mn |
| Mar 31, 2024 | 45.19 Mn |
| Dec 31, 2023 | 40.57 Mn |
| Sep 30, 2023 | 36.25 Mn |
| Jun 30, 2023 | 33.79 Mn |
| Mar 31, 2023 | 31.49 Mn |
| Dec 31, 2022 | 27.77 Mn |
| Sep 30, 2022 | 26.30 Mn |
| Jun 30, 2022 | 23.87 Mn |
| Mar 31, 2022 | 21.49 Mn |
| Dec 31, 2021 | 19.95 Mn |
| Sep 30, 2021 | 18.08 Mn |