Duolingo DUOL
NASDAQ DUOL
$154.46 -4.36 (-2.75%)
At close: Sep 4, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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