Duolingo, Inc. (DUOL)
NASDAQ: DUOL · Real-Time Price · USD
98.81
+3.63 (3.81%)
At close: Mar 11, 2026, 4:00 PM EDT
97.71
-1.10 (-1.11%)
After-hours: Mar 11, 2026, 7:59 PM EDT
Duolingo Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 | Mar '21 Mar 31, 2021 |
| 282.87 | 271.71 | 252.27 | 230.74 | 209.55 | 192.59 | 178.33 | 167.55 | 150.99 | 137.62 | 126.84 | 115.66 | 103.82 | 96.07 | 88.39 | 81.22 | 73.01 | 63.6 | 58.8 | 55.36 | |
Revenue Growth (YoY) | 34.99% | 41.08% | 41.46% | 37.71% | 38.79% | 39.94% | 40.59% | 44.87% | 45.42% | 43.26% | 43.51% | 42.41% | 42.20% | 51.06% | 50.31% | 46.71% | 51.27% | 40.37% | 46.97% | 96.93% |
Cost of Revenue | 77 | 74.8 | 69.68 | 66.65 | 58.93 | 52.18 | 47.35 | 45.19 | 40.57 | 36.25 | 33.79 | 31.49 | 27.77 | 26.3 | 23.87 | 21.49 | 19.95 | 18.08 | 16.14 | 15.02 |
Gross Profit | 205.87 | 196.91 | 182.58 | 164.1 | 150.63 | 140.41 | 130.98 | 122.36 | 110.41 | 101.37 | 93.05 | 84.17 | 76.05 | 69.76 | 64.52 | 59.73 | 53.06 | 45.52 | 42.67 | 40.34 |
Selling, General & Admin | 82.86 | 79.05 | 75.55 | 70.11 | 70.35 | 63.96 | 57.13 | 55.05 | 55.36 | 55.74 | 49.97 | 46.84 | 49.74 | 47.95 | 45.33 | 41.8 | 40.46 | 44.87 | 21.2 | 31.23 |
Research & Development | 79.56 | 82.71 | 73.67 | 70.39 | 66.4 | 62.88 | 55.15 | 50.88 | 50.26 | 50.31 | 47.95 | 45.84 | 44.47 | 41.98 | 34.22 | 29.78 | 30.02 | 29.35 | 21.94 | 22.53 |
Total Operating Expenses | 162.42 | 161.75 | 149.22 | 140.5 | 136.74 | 126.84 | 112.28 | 105.92 | 105.62 | 106.04 | 97.92 | 92.69 | 94.21 | 89.93 | 79.55 | 71.58 | 70.48 | 74.22 | 43.14 | 53.76 |
Operating Income | 43.45 | 35.16 | 33.36 | 23.59 | 13.88 | 13.57 | 18.7 | 16.44 | 4.8 | -4.67 | -4.87 | -8.52 | -18.15 | -20.16 | -15.03 | -11.85 | -17.42 | -28.7 | -0.48 | -13.41 |
Interest Income | 11.6 | 11.79 | 11.43 | 10.42 | 10.7 | 11.25 | 10.72 | 10.03 | 9.28 | 8.63 | 7.54 | 5.64 | 4.27 | 2.26 | 0.67 | 0.03 | 0.01 | - | - | - |
Other Non-Operating Income (Expense) | -0.55 | -0.5 | 1.66 | 1 | -2.23 | 0.57 | -0.71 | -0.62 | 1.05 | -1.02 | -0.27 | 0.18 | -2.3 | -0.49 | -0.54 | -0.31 | -0.01 | -0.22 | 0.3 | -0.04 |
Total Non-Operating Income (Expense) | 11.05 | 11.29 | 13.09 | 11.42 | 8.47 | 11.82 | 10.01 | 9.41 | 10.34 | 7.6 | 7.28 | 5.82 | 1.98 | 1.77 | 0.13 | -0.28 | -0 | -0.22 | 0.3 | -0.04 |
Pretax Income | 54.5 | 46.45 | 46.45 | 35.01 | 22.35 | 25.39 | 28.71 | 25.85 | 15.13 | 2.93 | 2.41 | -2.7 | -13.21 | -18.39 | -14.9 | -12.13 | -17.41 | -28.92 | -0.18 | -13.46 |
Provision for Income Taxes | 12.55 | -245.75 | 1.67 | -0.13 | 8.45 | 2.03 | 4.36 | -1.11 | 3.02 | 0.13 | -1.32 | -0.12 | 0.72 | 0.05 | 0.14 | 0.03 | 0.11 | 0.05 | 0 | 0.02 |
Net Income | 41.95 | 292.2 | 44.78 | 35.14 | 13.91 | 23.36 | 24.35 | 26.96 | 12.12 | 2.81 | 3.73 | -2.58 | -13.93 | -18.45 | -15.05 | -12.15 | -17.52 | -28.97 | -0.18 | -13.47 |
Net Income to Common | 41.95 | 292.2 | 44.78 | 35.14 | 13.91 | 23.36 | 24.35 | 26.96 | 12.12 | 2.81 | 3.73 | -2.58 | -13.93 | -18.45 | -15.05 | -12.15 | -17.52 | -28.97 | -0.18 | -13.47 |
Net Income Growth | 201.68% | 1150.84% | 83.90% | 30.34% | 14.77% | 732.21% | 553.72% | - | - | - | - | - | - | - | - | - | - | - | - | - |
Shares Outstanding (Basic) | 46 | 46 | 46 | 45 | 44 | 44 | 43 | 43 | 42 | 42 | 41 | 41 | 40 | 40 | 39 | 39 | 38 | 30 | 13 | 13 |
Shares Outstanding (Diluted) | 47 | 49 | 49 | 48 | 46 | 48 | 48 | 47 | 47 | 47 | 47 | 41 | 40 | 40 | 39 | 39 | 38 | 30 | 13 | 13 |
Shares Change (YoY) | 2.34% | 2.45% | 2.57% | 2.42% | -2.09% | 2.18% | 1.92% | 16.58% | 16.36% | 18.09% | 19.35% | 5.25% | 6.11% | 34.61% | 198.16% | 198.78% | 180.42% | 135.68% | -18.71% | 4.14% |
EPS (Basic) | 0.88 | 6.36 | 0.98 | 0.78 | 0.31 | 0.53 | 0.56 | 0.63 | 0.29 | 0.07 | 0.09 | -0.06 | -0.35 | -0.46 | -0.38 | -0.31 | -0.46 | -0.98 | -0.01 | -1.04 |
EPS (Diluted) | 0.94 | 5.95 | 0.91 | 0.72 | 0.31 | 0.49 | 0.51 | 0.57 | 0.26 | 0.06 | 0.08 | -0.06 | -0.35 | -0.46 | -0.38 | -0.31 | -0.46 | -0.98 | -0.01 | -1.04 |
EPS Growth | 203.23% | 1114.29% | 78.43% | 26.32% | 19.23% | 716.67% | 537.50% | - | - | - | - | - | - | - | - | - | - | - | - | - |
Free Cash Flow | 96.55 | 79.38 | 89.48 | 104.32 | 81.38 | 53.09 | 56.83 | 82.1 | 48.27 | 36.89 | 36.34 | 28.92 | 11.32 | 6.68 | 10.8 | 19.3 | -0.09 | 3.43 | -2.04 | 4.28 |
Free Cash Flow Growth | 18.64% | 49.52% | 57.46% | 27.07% | 68.60% | 43.91% | 56.37% | 183.86% | 326.56% | 452.26% | 236.54% | 49.86% | - | 94.98% | - | 350.51% | - | 609.32% | - | 37.35% |
Free Cash Flow Per Share | 2.06 | 1.62 | 1.83 | 2.15 | 1.77 | 1.11 | 1.19 | 1.73 | 1.03 | 0.79 | 0.78 | 0.71 | 0.28 | 0.17 | 0.27 | 0.50 | -0.00 | 0.12 | -0.15 | 0.33 |
Gross Margin | 72.78% | 72.47% | 72.38% | 71.12% | 71.88% | 72.91% | 73.45% | 73.03% | 73.13% | 73.66% | 73.36% | 72.77% | 73.25% | 72.62% | 72.99% | 73.54% | 72.67% | 71.57% | 72.56% | 72.87% |
Operating Margin | 15.36% | 12.94% | 13.23% | 10.23% | 6.62% | 7.05% | 10.49% | 9.81% | 3.18% | -3.39% | -3.84% | -7.37% | -17.48% | -20.99% | -17.01% | -14.59% | -23.85% | -45.13% | -0.81% | -24.23% |
Profit Margin | 14.83% | 107.54% | 17.75% | 15.23% | 6.64% | 12.13% | 13.66% | 16.09% | 8.03% | 2.04% | 2.94% | -2.23% | -13.42% | -19.20% | -17.02% | -14.96% | -23.99% | -45.55% | -0.30% | -24.34% |
FCF Margin | 34.13% | 29.21% | 35.47% | 45.21% | 38.84% | 27.57% | 31.87% | 49.00% | 31.97% | 26.81% | 28.65% | 25.01% | 10.90% | 6.95% | 12.22% | 23.76% | -0.12% | 5.39% | -3.46% | 7.74% |
EBITDA | 47.26 | 38.71 | 36.8 | 27.18 | 17.54 | 16.45 | 20.94 | 18.51 | 6.84 | -3.01 | -3.23 | -6.76 | -16.71 | -18.68 | -13.86 | -11.07 | -16.66 | -27.97 | 0.16 | -12.81 |
EBITDA Margin | 16.71% | 14.25% | 14.59% | 11.78% | 8.37% | 8.54% | 11.74% | 11.05% | 4.53% | -2.19% | -2.55% | -5.84% | -16.09% | -19.45% | -15.69% | -13.63% | -22.81% | -43.98% | 0.27% | -23.15% |
EBIT | 43.45 | 35.16 | 33.36 | 23.59 | 13.88 | 13.57 | 18.7 | 16.44 | 4.8 | -4.67 | -4.87 | -8.52 | -18.15 | -20.16 | -15.03 | -11.85 | -17.42 | -28.7 | -0.48 | -13.41 |
EBIT Margin | 15.36% | 12.94% | 13.23% | 10.23% | 6.62% | 7.05% | 10.49% | 9.81% | 3.18% | -3.39% | -3.84% | -7.37% | -17.48% | -20.99% | -17.01% | -14.59% | -23.85% | -45.13% | -0.81% | -24.23% |
Effective Tax Rate | 23.02% | -529.07% | 3.59% | -0.36% | 37.78% | 7.99% | 15.19% | -4.27% | 19.93% | 4.26% | -54.56% | 4.30% | -5.42% | -0.29% | -0.95% | -0.23% | -0.62% | -0.18% | -0.57% | -0.13% |
Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.