Duolingo (DUOL) Operating Leases (2020 - 2026)

Duolingo's Operating Leases history runs 7 years deep, the most recent figure standing at $91.9 million for Q1 2026.

• On a quarterly basis, Operating Leases rose 68.47% year-over-year to $91.9 million in Q1 2026; TTM through Mar 2026 was $91.9 million, a 68.47% increase from a year earlier, with the FY2025 full-year figure at $93.8 million, up 71.58% from the prior year.
• Operating Leases declined to $91.9 million in Q1 2026 per DUOL's latest filing, from $93.8 million in the prior quarter.
• Across five years, Operating Leases topped out at $96.8 million in Q2 2025 and bottomed 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.
• Across the five-year window, Operating Leases soared 226.57% in 2022 and decreased 20.14% in 2023, its largest moves.
• Year by year, Operating Leases stood at $23.5 million in 2022, then dropped by 10.25% to $21.1 million in 2023, then jumped by 159.11% to $54.7 million in 2024, then jumped by 71.58% to $93.8 million in 2025, then slipped by 2.03% to $91.9 million in 2026.
• Per Business Quant, the three latest DUOL Operating Leases figures stand at $91.9 million (Q1 2026), $93.8 million (Q4 2025), and $93.3 million (Q3 2025).