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Duolingo, Inc. (DUOL)
NASDAQ: DUOL · Real-Time Price · USD
146.74
+3.88 (2.72%)
Aug 28, 2026, 3:00 PM EDT - Market open

Duolingo Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Revenue
298.45291.97282.87271.71252.27230.74209.55192.59178.33167.55150.99137.62126.84115.66103.8296.0788.3981.2273.0163.6
Revenue Growth
18.31%26.53%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%
Gross Profit
216.74213.1205.87196.91182.58164.1150.63140.41130.98122.36110.41101.3793.0584.1776.0569.7664.5259.7353.0645.52
Operating Income
34.8744.8743.8639.6334.0523.6914.2614.0719.0416.444.8-4.56-4.75-8.41-18.03-19.99-15.03-11.85-17.42-28.7
Net Income
33.1643.4641.95292.244.7835.1413.9123.3624.3526.9612.122.813.73-2.58-13.93-18.45-15.05-12.15-17.52-28.97
Earnings Per Share
0.660.890.895.950.910.720.300.490.510.570.260.060.08-0.06-0.35-0.46-0.38-0.31-0.46-0.98
EPS Growth
-27.47%23.61%193.56%1114.29%78.43%26.32%17.12%716.67%537.50%-----------

Revenue by Segment
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Subscription
258.04250.91242.29229.49210.68190.99174.32157.62143.91131.69117.45105.8995.1686.1978.1372.1765.1958.0151.1146.03
Advertising
21.0520.6120.2221.0220.617.8814.2914.4113.2612.9513.4811.6813.0611.6411.1510.6211.2211.7511.149.03
Duolingo English Test
10.1111.3210.289.6510.0911.9911.4210.7710.712.7610.8210.619.819.978.418.198.048.088.16.7
In-App Purchases
88.459.5511.110.399.449.149.4110.189.928.919.238.687.85------
Other Product
1.260.680.530.460.510.450.380.390.290.230.320.210.140.02------
Revenue (Total)
298.45291.97282.87271.71252.27230.74209.55192.59178.33167.55150.99137.62126.84115.66103.8296.0788.3981.2273.0163.6

Cash & Debt
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Cash & Investments
1,3141,2521,1401,1211,098999.28877.65880.76888.24829.71747.61701.74678.67641.09608.18599.97591.16577.33553.92549.44
Total Debt
86.1491.87100.9897.3296.8154.5357.2457.2757.2356.6425.0426.0527.3527.928.4128.8830.0331.9932.469.94
Net Cash (Debt)
1,2281,1601,0391,0241,001944.75820.41823.5831.01773.07722.57675.69651.32613.19579.77571.09561.13545.35521.46539.5
Net Cash Growth
22.64%22.76%26.70%24.36%20.46%22.21%13.54%21.88%27.59%26.07%24.63%18.32%16.07%12.44%11.18%5.86%428.39%402.59%368.74%-
Net Cash Per Share
24.5423.6722.1520.8420.4319.4817.8917.1717.4016.3315.5014.3913.9015.1014.5714.3714.2914.1313.6918.27

Cash Flow & CapEx
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Operating Cash Flow
88.26150.77107.2884.2490.68105.6383.3456.2762.3983.5149.1937.6537.1729.611.618.7612.6620.630.434.51
Capital Expenditures
-6.9-0.13-10.73-4.86-1.2-1.31-1.96-3.18-5.56-1.41-0.92-0.76-0.83-0.68-0.29-2.08-1.86-1.33-0.52-1.09
Free Cash Flow
81.36150.6496.5579.3889.48104.3281.3853.0956.8382.148.2736.8936.3428.9211.326.6810.819.3-0.093.43
Free Cash Flow Growth
-9.07%44.40%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%

Margins
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Gross Margin
72.62%72.99%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%73.00%73.54%72.67%71.57%
Operating Margin
11.68%15.37%15.50%14.59%13.50%10.27%6.80%7.31%10.67%9.81%3.18%-3.31%-3.75%-7.27%-17.37%-20.80%-17.01%-14.59%-23.85%-45.13%
Pretax Margin
15.20%19.03%19.27%17.09%18.41%15.17%10.67%13.18%16.10%15.43%10.02%2.13%1.90%-2.33%-12.73%-19.15%-16.86%-14.93%-23.84%-45.47%
Profit Margin
11.11%14.89%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%
FCF Margin
27.26%51.59%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%-0.13%5.39%

Valuation
Chart
Fiscal QuarterQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period EndingJun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
PE Ratio
13.0510.9619.5938.20159.04145.21161.01141.49135.86207.38593.19---------
Forward PE
43.9134.0444.7882.65123.94116.99122.92130.52113.98184.88----------
P/FCF Ratio
13.1411.1221.9441.5956.7747.5352.1651.1040.1646.4563.3660.7270.48100.3959.41102.89102.55178.33-729.17
PS Ratio
4.684.217.8215.2921.0617.3219.0717.8114.1816.2217.9514.2413.2714.357.7311.1511.2013.2815.8627.54