Duolingo, Inc. (BMV:DUOL)

Revenue by Geography

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
United States Revenue	392.21M	311.54M
United States Revenue Growth	25.90%	30.48%
Rest of World Revenue	645.38M	436.49M
Rest of World Revenue Growth	47.86%	49.30%
Revenue (Total)	1.04B	748.02M
Revenue (Total) Growth	38.71%	40.84%

Revenue

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Subscription Revenue	873.44M	607.53M
Subscription Revenue Growth	43.77%	50.13%
Advertising Revenue	79.73M	54.91M
Advertising Revenue Growth	45.20%	10.13%
Duolingo English Test Revenue	42.01M	45.64M
Duolingo English Test Revenue Growth	-7.96%	10.74%
In-App Purchases Revenue	40.48M	38.65M
In-App Purchases Revenue Growth	4.72%	11.48%
Other Product Revenue	1.94M	1.29M
Other Product Revenue Growth	49.81%	89.59%
Revenue (Total)	1.04B	748.02M
Revenue (Total) Growth	38.71%	40.84%

Key Performance Indicators

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Monthly Active Users (MAUs)	133.10M	116.70M
Monthly Active Users (MAUs) Growth	14.05%	32.01%
Daily Active Users (DAUs)	52.70M	40.50M
Daily Active Users (DAUs) Growth	30.12%	50.56%
Paid Subscribers	12.20M	9.50M
Paid Subscribers Growth	28.42%	43.94%
Subscription Bookings	996.27M	730.74M
Subscription Bookings Growth	36.34%	47.48%
Total Bookings	1.16B	870.60M
Total Bookings Growth	33.06%	39.93%

Updated Dec 31, 2025. Data Source: Fiscal.ai.