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Duolingo, Inc. (DUOL)
NASDAQ: DUOL · Real-Time Price · USD
139.24
-7.15 (-4.88%)
At close: Sep 9, 2026, 4:00 PM EDT
139.47
+0.23 (0.17%)
After-hours: Sep 9, 2026, 4:39 PM EDT

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
1,1451,0991,038964.27885.15811.21748.02689.46634.49583531.11483.95442.39403.94369.5338.69306.22276.63250.77226.03
Revenue Growth
29.36%35.45%38.71%39.86%39.51%39.15%40.84%42.47%43.42%44.33%43.74%42.89%44.47%46.02%47.34%49.84%47.41%46.41%55.09%-
Gross Profit
832.62798.46749.46694.21637.72586.11544.38504.17465.12427.2389354.64323.04294.5270.06247.07222.84200.99181.59163.94
Operating Income
163.23162.41141.24111.6386.0871.0663.8154.3435.7111.92-13.26-35.75-51.18-61.46-65.2-64.28-72.49-58.81-60.01-43.34
Net Income
410.77422.39414.07386.02117.1896.7588.5786.7866.2345.6116.07-9.98-31.23-50-59.57-63.16-73.69-58.82-60.14-53.03
Earnings Per Share
8.398.738.578.042.462.041.881.831.420.950.35-0.24-0.78-1.25-1.51-1.62-2.03-1.97-2.57-3.06
EPS Growth
241.49%328.68%355.85%338.81%73.11%114.70%437.14%-------------

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
980.72933.36873.44805.47733.6666.83607.53550.67498.94450.19404.68365.36331.65301.68273.51246.49220.35198.65180.7164.33
Advertising
82.9182.4679.7373.867.1859.8454.9154.151.3751.1849.8647.5246.4644.6244.7344.7343.1440.9738.535.87
Duolingo English Test
41.3641.3442.0143.1444.2644.8745.6445.0444.884441.2138.836.3834.6132.7232.430.9127.724.6620.76
In-App Purchases
37.139.4840.4840.0738.3938.1738.6538.4238.2536.7534.67---------
Other Product
2.922.171.941.791.731.511.291.221.050.90.68---------
Revenue (Total)
1,1451,0991,038964.27885.15811.21748.02689.46634.49583531.11483.95442.39403.94369.5338.69306.22276.63250.77226.03

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
25.0723.9521.5221.3220.9819.9417.4217.3917.6816.0415.5316.5016.1015.3414.6914.6815.4318.2722.2531.13

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
430.55432.96387.82363.89335.92307.63285.51251.36232.75207.52153.61116.0387.1462.6353.6642.4838.2324.679.1712.42
Capital Expenditures
-22.62-16.92-18.1-9.33-7.65-12.01-12.12-11.08-8.66-3.92-3.19-2.56-3.88-4.92-5.56-5.79-4.8-4.07-3.59-3.88
Free Cash Flow
407.93416.04369.73354.56328.27295.62273.4240.28224.09203.6150.42113.4783.2657.7248.0936.6933.4320.65.588.54
Free Cash Flow Growth
24.27%40.74%35.23%47.56%46.49%45.20%81.75%111.76%169.14%252.76%212.77%209.29%149.03%180.18%761.28%329.74%497.66%32.93%-61.04%-

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
72.72%72.67%72.23%71.99%72.05%72.25%72.78%73.13%73.31%73.28%73.24%73.28%73.02%72.91%73.09%72.95%72.77%72.65%72.41%72.53%
Operating Margin
14.26%14.78%13.61%11.58%9.72%8.76%8.53%7.88%5.63%2.04%-2.50%-7.39%-11.57%-15.21%-17.64%-18.98%-23.67%-21.26%-23.93%-19.18%
Pretax Margin
17.63%18.47%17.58%15.58%14.60%13.74%13.68%13.79%11.45%7.95%3.35%-2.18%-7.21%-12.18%-15.87%-18.55%-23.96%-21.19%-23.91%-23.42%
Profit Margin
35.88%38.44%39.91%40.03%13.24%11.93%11.84%12.59%10.44%7.82%3.02%-2.06%-7.06%-12.38%-16.12%-18.65%-24.06%-21.26%-23.98%-23.46%
FCF Margin
35.63%37.86%35.63%36.77%37.09%36.44%36.55%34.85%35.32%34.92%28.32%23.45%18.82%14.29%13.02%10.83%10.92%7.45%2.23%3.78%

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
13.1411.1221.9441.5956.7747.5352.1651.1040.1646.4563.3660.7270.48100.3959.41102.89102.55178.33712.07729.17
PS Ratio
4.684.217.8215.2921.0617.3219.0717.8114.1816.2217.9514.2413.2714.357.7311.1511.2013.2815.8627.54