Duolingo (DUOL) Operating Leases (2020 - 2026)

Duolingo has reported Operating Leases for 7 years, with the latest figure at $91.9 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Leases rose 68.47% year-over-year to $91.9 million; the trailing twelve-month figure through Mar 2026 stood at $91.9 million (up 68.47% YoY), and the FY2025 full-year result 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 $93.8 million in Q2 2025, with the low at $21.0 million in Q3 2023.
• Average Operating Leases over 5 years is $49.3 million, with a median of $54.5 million recorded in 2025.
• Year-over-year, Operating Leases soared 226.57% in 2022 and decreased 20.14% in 2023.
• Tracing DUOL's Operating Leases over 5 years: 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 dropped by 2.03% to $91.9 million in 2026.
• The last three Operating Leases figures came in at $91.9 million (Q1 2026), $93.8 million (Q4 2025), and $93.3 million (Q3 2025), per Business Quant data.

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