Duolingo (DUOL) Operating Expenses (2020 - 2026)

Duolingo has reported Operating Expenses for 7 years, with the latest figure at $168.6 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 19.98% year-over-year to $168.6 million; the trailing twelve-month figure through Mar 2026 stood at $642.0 million (up 24.32% YoY), and the FY2025 full-year result was $613.9 million, up 27.42% from the prior year.
• Operating Expenses for Q1 2026 stood at $168.6 million, up from $162.4 million in the prior quarter.
• The five-year high for Operating Expenses was $168.6 million in Q1 2026, with the low at $71.6 million in Q1 2022.
• Average Operating Expenses over 5 years is $117.8 million, with a median of $106.0 million recorded in 2023.
• Year-over-year, Operating Expenses soared 84.38% in 2022 and increased 12.11% in 2023.
• Tracing DUOL's Operating Expenses over 5 years: stood at $94.2 million in 2022, then grew by 12.11% to $105.6 million in 2023, then advanced by 29.47% to $136.7 million in 2024, then increased by 18.77% to $162.4 million in 2025, then increased by 3.79% to $168.6 million in 2026.
• The last three Operating Expenses figures came in at $168.6 million (Q1 2026), $162.4 million (Q4 2025), and $161.8 million (Q3 2025), per Business Quant data.

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