Duolingo (DUOL) Operating Leases (2020 - 2026)

Duolingo has reported Operating Leases for 7 years, with the latest figure at $86.1 million in Q2 2026.

• On a quarterly basis, Operating Leases fell 11.02% year-over-year to $86.1 million in Q2 2026; TTM through Jun 2026 was $86.1 million, a 11.02% decrease from a year earlier, with the FY2025 full-year figure at $93.8 million, up 71.58% from the prior year.
• Operating Leases was $86.1 million for Q2 2026 at Duolingo, down from $91.9 million in the prior quarter.
• The five-year high for Operating Leases was $97.3 million in Q3 2025, with the low at $21.0 million in Q3 2023.
• Average Operating Leases over 5 years is $51.8 million, with a median of $54.6 million recorded in 2024.
• The sharpest annual moves came in 2022 and 2023: Operating Leases surged 226.57% in 2022, then retreated 20.14% in 2023.
• Over 5 years, Operating Leases stood at $23.5 million in 2022, then declined by 10.25% to $21.1 million in 2023, then surged by 159.11% to $54.7 million in 2024, then surged by 71.58% to $93.8 million in 2025, then declined by 8.15% to $86.1 million in 2026.
• The last three Operating Leases figures came in at $86.1 million (Q2 2026), $91.9 million (Q1 2026), and $93.8 million (Q4 2025), per Business Quant data.