Duolingo, Inc.DUOLNASDAQ
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Operating Expenses Over TimeExpanding
Percentile Rank100
3Y CAGR+22.3%
5Y CAGR+36.0%
Studio
Year-over-Year Change

Expenses from normal business operations (SG&A, R&D, etc.)

3Y CAGR
+22.3%/yr
Annual compound
5Y CAGR
+36.0%/yr
Recent deceleration
Percentile
P100
Near historical high
vs 5Y Ago
4.7x
Strong expansion
Streak
6 yr
Consecutive growthExpanding
PeriodValueYoY Change
2025$613.89M+27.4%
2024$481.78M+19.8%
2023$402.26M+20.0%
2022$335.26M+38.8%
2021$241.59M+83.4%
2020$131.72M+105.3%
2019$64.15M-