Duolingo annual capital expenditures (capex)
2020
2021
2022
2023
2024
2025
Duolingo Capital Expenditures (CapEx) Growth & History (DUOL)
Duolingo's capital expenditures (capex) was $18.1M for fiscal 2025.
View full Duolingo company overviewDuolingo annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $18.1M | $6.0M | +49.36% |
| 2024 | 2024-12-31 | $12.1M | $8.9M | +279.69% |
| 2023 | 2023-12-31 | $3.2M | −$2.4M | −42.63% |
| 2022 | 2022-12-31 | $5.6M | $2.0M | +55.10% |
| 2021 | 2021-12-31 | $3.6M | $210,000 | +6.22% |
| 2020 | 2020-12-31 | $3.4M | — | — |
Duolingo quarterly capital expenditures (capex)
Q3.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $6.9M | $5.7M | +475.63% |
| Q1 2026 | 2026-03-31 | $132,000 | −$1.2M | −89.92% |
| Q4 2025 | 2025-12-31 | $10.7M | $8.8M | +447.02% |
| Q3 2025 | 2025-09-30 | $4.9M | $1.7M | +52.99% |
| Q2 2025 | 2025-06-30 | $1.2M | −$4.4M | −78.46% |
| Q1 2025 | 2025-03-31 | $1.3M | −$105,000 | −7.43% |
| Q4 2024 | 2024-12-31 | $2.0M | $1.0M | +112.23% |
| Q3 2024 | 2024-09-30 | $3.2M | $2.4M | +318.71% |
| Q2 2024 | 2024-06-30 | $5.6M | $4.7M | +572.67% |
| Q1 2024 | 2024-03-31 | $1.4M | $733,000 | +107.64% |
| Q4 2023 | 2023-12-31 | $924,000 | $632,000 | +216.44% |
| Q3 2023 | 2023-09-30 | $759,000 | −$1.3M | −63.49% |
| Q2 2023 | 2023-06-30 | $827,000 | −$1.0M | −55.63% |
| Q1 2023 | 2023-03-31 | $681,000 | −$646,000 | −48.68% |
| Q4 2022 | 2022-12-31 | $292,000 | −$231,000 | −44.17% |
| Q3 2022 | 2022-09-30 | $2.1M | $994,000 | +91.61% |
| Q2 2022 | 2022-06-30 | $1.9M | $725,000 | +63.65% |
| Q1 2022 | 2022-03-31 | $1.3M | $488,000 | +58.16% |
| Q4 2021 | 2021-12-31 | $523,000 | — | — |
| Q3 2021 | 2021-09-30 | $1.1M | $721,000 | +198.08% |
| Q2 2021 | 2021-06-30 | $1.1M | — | — |
| Q1 2021 | 2021-03-31 | $839,000 | — | — |
| Q3 2020 | 2020-09-30 | $364,000 | — | — |
Duolingo capital expenditures (capex) trends
Over the last five fiscal years, Duolingo's capital expenditures (capex) increased from $3.4M to $18.1M, a change of $14.7M. The latest reported quarter, Q2 2026, shows $6.9M.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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