Duolingo (DUOL) Invested Capital (2020 - 2026)

Duolingo has reported Invested Capital for 7 years, with the latest figure at $1.4 billion in Q1 2026.

• For the quarter ending Q1 2026, Invested Capital rose 55.71% year-over-year to $1.4 billion; the trailing twelve-month figure through Mar 2026 stood at $1.4 billion (up 55.71% YoY), and the FY2025 full-year result was $1.3 billion, up 63.36% from the prior year.
• Invested Capital for Q1 2026 stood at $1.4 billion, up from $1.3 billion in the prior quarter.
• The five-year high for Invested Capital was $1.4 billion in Q1 2026, with the low at $520.7 million in Q1 2022.
• Average Invested Capital over 5 years is $799.9 million, with a median of $711.1 million recorded in 2024.
• Peak annual rise in Invested Capital reached 663.27% in 2022, while the deepest fall reached 4.52% in 2022.
• Tracing DUOL's Invested Capital over 5 years: stood at $542.1 million in 2022, then gained by 20.92% to $655.5 million in 2023, then grew by 25.79% to $824.6 million in 2024, then jumped by 63.36% to $1.3 billion in 2025, then advanced by 3.32% to $1.4 billion in 2026.
• The last three Invested Capital figures came in at $1.4 billion (Q1 2026), $1.3 billion (Q4 2025), and $1.3 billion (Q3 2025), per Business Quant data.

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