Duolingo (DUOL) Operating Expenses (2020 - 2026)

Duolingo has reported Operating Expenses for 7 years, with the latest figure at $182.8 million in Q2 2026.

• On a quarterly basis, Operating Expenses rose 22.5% year-over-year to $182.8 million in Q2 2026; TTM through Jun 2026 was $675.5 million, a 22.09% increase from a year earlier, with the FY2025 full-year figure at $613.9 million, up 27.42% from the prior year.
• Operating Expenses was $182.8 million for Q2 2026 at Duolingo, up from $168.6 million in the prior quarter.
• The five-year high for Operating Expenses was $182.8 million in Q2 2026, with the low at $71.6 million in Q1 2022.
• Average Operating Expenses over 5 years is $121.4 million, with a median of $109.2 million recorded in 2023.
• The sharpest annual moves came in 2022 and 2023: Operating Expenses surged 84.38% in 2022, then grew 12.11% in 2023.
• Over 5 years, Operating Expenses 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 grew by 12.55% to $182.8 million in 2026.
• The last three Operating Expenses figures came in at $182.8 million (Q2 2026), $168.6 million (Q1 2026), and $162.4 million (Q4 2025), per Business Quant data.