Duolingo (DUOL) Operating Leases (2020 - 2026)
Duolingo (DUOL) posted quarterly Operating Leases of $91.9 million for Q1 2026, up 68.47% year-over-year from $54.5 million in Q1 2025, and down 2.03% quarter-over-quarter from $93.8 million in Q4 2025.
Duolingo (DUOL) Operating Leases (2020 - 2026) Analysis & Trends
Duolingo's Operating Leases history runs 7 years deep, the most recent figure standing at $91.9 million for Q1 2026.
- In Q1 2026, Operating Leases rose 68.47% year-over-year to $91.9 million; the TTM figure through Mar 2026 stood at $91.9 million (up 68.47% YoY), while the FY2025 annual figure was $93.8 million, up 71.58% from the prior year.
- Operating Leases for Q1 2026 stood at $91.9 million, down from $93.8 million in the prior quarter.
- The five-year high for Operating Leases was $96.8 million in Q2 2025, with the low at $21.0 million in Q3 2023.
- The 5-year median for Operating Leases is $53.9 million (2024), against an average of $49.4 million.
- The sharpest annual moves came in 2022 and 2023: Operating Leases soared 226.57% in 2022, then declined 20.14% in 2023.
- Duolingo's Operating Leases stood at $23.5 million in 2022, then slipped by 10.25% to $21.1 million in 2023, then soared by 159.11% to $54.7 million in 2024, then soared by 71.58% to $93.8 million in 2025, then decreased by 2.03% to $91.9 million in 2026.
- Business Quant data shows DUOL's Operating Leases at $91.9 million in Q1 2026, $93.8 million in Q4 2025, and $93.3 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn |
| 10 | Duolingo | 12.42 Bn | 11.10 Bn | 216.74 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 86.14 Mn |
| Mar 31, 2026 | 91.87 Mn |
| Dec 31, 2025 | 93.78 Mn |
| Sep 30, 2025 | 93.26 Mn |
| Jun 30, 2025 | 96.81 Mn |
| Mar 31, 2025 | 54.53 Mn |
| Dec 31, 2024 | 54.66 Mn |
| Sep 30, 2024 | 57.27 Mn |
| Jun 30, 2024 | 57.23 Mn |
| Mar 31, 2024 | 53.89 Mn |
| Dec 31, 2023 | 21.09 Mn |
| Sep 30, 2023 | 20.96 Mn |
| Jun 30, 2023 | 21.29 Mn |
| Mar 31, 2023 | 22.38 Mn |
| Dec 31, 2022 | 23.50 Mn |
| Sep 30, 2022 | 24.24 Mn |
| Jun 30, 2022 | 25.51 Mn |
| Mar 31, 2022 | 28.02 Mn |
| Dec 31, 2021 | 29.12 Mn |
| Sep 30, 2021 | 8.40 Mn |