Duolingo annual operating expenses
2020
2021
2022
2023
2024
2025
Duolingo Operating Expenses Growth & History (DUOL)
Duolingo's operating expenses was $613.9M for fiscal 2025.
View full Duolingo company overviewDuolingo annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $613.9M | $132.1M | +27.42% |
| 2024 | 2024-12-31 | $481.8M | $79.5M | +19.77% |
| 2023 | 2023-12-31 | $402.3M | $67.0M | +19.99% |
| 2022 | 2022-12-31 | $335.3M | $93.7M | +38.77% |
| 2021 | 2021-12-31 | $241.6M | $109.9M | +83.41% |
| 2020 | 2020-12-31 | $131.7M | — | — |
Duolingo quarterly operating expenses
Q2.20
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 | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $182.8M | $33.6M | +22.50% |
| Q1 2026 | 2026-03-31 | $168.6M | $28.1M | +19.98% |
| Q4 2025 | 2025-12-31 | $162.4M | $25.7M | +18.77% |
| Q3 2025 | 2025-09-30 | $161.8M | $34.9M | +27.52% |
| Q2 2025 | 2025-06-30 | $149.2M | $36.9M | +32.90% |
| Q1 2025 | 2025-03-31 | $140.5M | $34.6M | +32.65% |
| Q4 2024 | 2024-12-31 | $136.7M | $31.1M | +29.47% |
| Q3 2024 | 2024-09-30 | $126.8M | $20.8M | +19.62% |
| Q2 2024 | 2024-06-30 | $112.3M | $14.4M | +14.67% |
| Q1 2024 | 2024-03-31 | $105.9M | $13.2M | +14.28% |
| Q4 2023 | 2023-12-31 | $105.6M | $11.4M | +12.11% |
| Q3 2023 | 2023-09-30 | $106.0M | $16.1M | +17.92% |
| Q2 2023 | 2023-06-30 | $97.9M | $18.4M | +23.09% |
| Q1 2023 | 2023-03-31 | $92.7M | $21.1M | +29.49% |
| Q4 2022 | 2022-12-31 | $94.2M | $23.7M | +33.67% |
| Q3 2022 | 2022-09-30 | $89.9M | $15.7M | +21.16% |
| Q2 2022 | 2022-06-30 | $79.6M | $36.4M | +84.38% |
| Q1 2022 | 2022-03-31 | $71.6M | $17.8M | +33.15% |
| Q4 2021 | 2021-12-31 | $70.5M | — | — |
| Q3 2021 | 2021-09-30 | $74.2M | $38.9M | +110.42% |
| Q2 2021 | 2021-06-30 | $43.1M | $15.0M | +53.43% |
| Q1 2021 | 2021-03-31 | $53.8M | — | — |
| Q3 2020 | 2020-09-30 | $35.3M | — | — |
| Q2 2020 | 2020-06-30 | $28.1M | — | — |
Duolingo operating expenses trends
Over the last five fiscal years, Duolingo's operating expenses increased from $131.7M to $613.9M, a change of $482.2M. The latest reported quarter, Q2 2026, shows $182.8M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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