Duolingo (DUOL) Operating Leases (2020 - 2026)
Duolingo (DUOL) reported Operating Leases of $86.14 million for Q2 2026, down 8.2% from $93.84 million a year earlier and down 6.2% from the prior quarter.
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Analysis
Duolingo (DUOL) Operating Leases (2020 - 2026) Analysis & Trends
At the end of FY2025, Duolingo posted Operating Leases of $93.78 million, up 71.6% from FY2024.
- Operating Leases has a five-year compound annual growth rate of 63.1% (FY2020 to FY2025).
- By year, Operating Leases came in at $54.66 million in FY2024 (+159.1%), $21.09 million in FY2023 (-10.2%), $23.5 million in FY2022 (-19.3%) and $29.12 million in FY2021 (+258.2%).
- The Q2 2026 figure ranks as the lowest quarterly Operating Leases since Q1 2025.
- Year over year, Operating Leases gained in seven of the last eight quarters, with growth averaging 74.4%.
- The high point for year-over-year Operating Leases in five years was Q4 2021 (growth of 258.2%); the low point was Q1 2023 (a decline of 20.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $91.87 million (Q1 2026), $93.78 million (Q4 2025) and $93.26 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - |
| 2 | Veeva Systems | 51.57 Bn | 23.82 Bn | 695.95 Mn |
| 3 | Samsara | 23.54 Bn | 20.31 Bn | 392.58 Mn |
| 4 | Ptc | 22.16 Bn | 20.97 Bn | 490.47 Mn |
| 5 | Toast | 18.20 Bn | 10.87 Bn | 516.00 Mn |
| 6 | Trimble | 13.96 Bn | 13.03 Bn | 674.90 Mn |
| 7 | Manhattan Associates | 13.22 Bn | 12.21 Bn | 168.33 Mn |
| 8 | Costar | 12.85 Bn | 6.80 Bn | 728.00 Mn |
| 9 | Bentley Systems | 11.44 Bn | 10.90 Bn | 336.74 Mn |
| 10 | Duolingo | 6.64 Bn | 1.81 Bn | 216.74 Mn |
Historic Data
Download Data
Historic 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 | 93.84 Mn |
| Mar 31, 2025 | 54.53 Mn |
| Dec 31, 2024 | 54.66 Mn |
| Sep 30, 2024 | 54.65 Mn |
| Jun 30, 2024 | 54.78 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 |
API Access
Duolingo Operating Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-leases&ticker=DUOL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "DUOL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=DUOL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();