Duolingo (DUOL) Research & Development (2020 - 2026)
Duolingo (DUOL) posted Research & Development of $92.2 million for Q2 2026, up 11.11% on a QoQ basis from $83.0 million in Q1 2026, and up 25.15% year-over-year from $73.7 million in Q2 2025.
Analysis
Duolingo (DUOL) Research & Development (2020 - 2026) Analysis & Trends
Duolingo has reported Research & Development for 7 years, with the latest figure at $92.2 million in Q2 2026.
- On a quarterly basis, Research & Development rose 25.15% year-over-year to $92.2 million in Q2 2026; TTM through Jun 2026 was $337.4 million, a 23.45% increase from a year earlier, with the FY2025 full-year figure at $306.3 million, up 30.19% from the prior year.
- Research & Development was $92.2 million for Q2 2026 at Duolingo, up from $83.0 million in the prior quarter.
- The five-year high for Research & Development was $92.2 million in Q2 2026, with the low at $29.8 million in Q1 2022.
- Average Research & Development over 5 years is $59.0 million, with a median of $53.0 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2024: Research & Development jumped 55.96% in 2022, then gained 10.98% in 2024.
- Over 5 years, Research & Development stood at $44.5 million in 2022, then advanced by 13.01% to $50.3 million in 2023, then soared by 32.11% to $66.4 million in 2024, then increased by 19.82% to $79.6 million in 2025, then rose by 15.89% to $92.2 million in 2026.
- The last three Research & Development figures came in at $92.2 million (Q2 2026), $83.0 million (Q1 2026), and $79.6 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Duolingo | 14.45 Bn | 13.13 Bn | 216.74 Mn | 92.20 Mn |
| 2 | Youdao | 3.62 Bn | 3.50 Bn | 105.66 Mn | -62.51 Mn |
| 3 | Coursera | 1.59 Bn | 604.41 Mn | 173.40 Mn | 104.00 Mn |
| 4 | Docebo | 712.07 Mn | 666.36 Mn | 54.53 Mn | 12.99 Mn |
| 5 | 51Talk Online Education | 344.94 Mn | 309.51 Mn | 22.97 Mn | -17.86 Mn |
| 6 | iHuman | 124.70 Mn | -34.09 Mn | 17.68 Mn | -8.19 Mn |
| 7 | Nerdy | 119.95 Mn | 90.19 Mn | 27.98 Mn | 11.57 Mn |
| 8 | Chegg | 94.28 Mn | 21.96 Mn | 28.28 Mn | 9.47 Mn |
| 9 | Skillsoft | 60.79 Mn | -57.58 Mn | 78.61 Mn | 26.96 Mn |
| 10 | Sunlands Technology | 39.07 Mn | 38.85 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 92.20 Mn |
| Mar 31, 2026 | 82.97 Mn |
| Dec 31, 2025 | 79.56 Mn |
| Sep 30, 2025 | 82.71 Mn |
| Jun 30, 2025 | 73.67 Mn |
| Mar 31, 2025 | 70.39 Mn |
| Dec 31, 2024 | 66.40 Mn |
| Sep 30, 2024 | 62.88 Mn |
| Jun 30, 2024 | 55.15 Mn |
| Mar 31, 2024 | 50.88 Mn |
| Dec 31, 2023 | 50.26 Mn |
| Sep 30, 2023 | 50.31 Mn |
| Jun 30, 2023 | 47.95 Mn |
| Mar 31, 2023 | 45.84 Mn |
| Dec 31, 2022 | 44.47 Mn |
| Sep 30, 2022 | 41.98 Mn |
| Jun 30, 2022 | 34.22 Mn |
| Mar 31, 2022 | 29.78 Mn |
| Dec 31, 2021 | 30.02 Mn |
| Sep 30, 2021 | 29.35 Mn |