Duolingo (DUOL) Operating Expenses (2020 - 2026)

Duolingo's Operating Expenses history runs 7 years deep, the most recent figure standing at $168.6 million for Q1 2026.

• On a quarterly basis, Operating Expenses rose 19.98% year-over-year to $168.6 million in Q1 2026; TTM through Mar 2026 was $642.0 million, a 24.32% increase from a year earlier, with the FY2025 full-year figure at $613.9 million, up 27.42% from the prior year.
• Operating Expenses grew to $168.6 million in Q1 2026 per DUOL's latest filing, from $162.4 million in the prior quarter.
• Across five years, Operating Expenses topped out at $168.6 million in Q1 2026 and bottomed at $71.6 million in Q1 2022.
• The 5-year median for Operating Expenses is $106.0 million (2023), against an average of $117.8 million.
• Across the five-year window, Operating Expenses soared 84.38% in 2022 and increased 12.11% in 2023, its largest moves.
• Year by year, Operating Expenses stood at $94.2 million in 2022, then climbed by 12.11% to $105.6 million in 2023, then gained by 29.47% to $136.7 million in 2024, then grew by 18.77% to $162.4 million in 2025, then grew by 3.79% to $168.6 million in 2026.
• Per Business Quant, the three latest DUOL Operating Expenses figures stand at $168.6 million (Q1 2026), $162.4 million (Q4 2025), and $161.8 million (Q3 2025).