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Duolingo, Inc. (DUOL)
NASDAQ: DUOL · Real-Time Price · USD
128.00
-7.27 (-5.37%)
At close: Nov 3, 2026, 4:00 PM EST
142.75
+14.75 (11.52%)
After-hours: Nov 3, 2026, 7:59 PM EST

Duolingo Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '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
Revenue
1,1821,1451,0991,038964.27885.15811.21748.02689.46634.49583531.11483.95442.39403.94369.5338.69306.22276.63250.77
Revenue Growth
22.61%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
860.84832.62798.46749.46694.21637.72586.11544.38504.17465.12427.2389354.64323.04294.5270.06247.07222.84200.99181.59
Operating Income
147.8163.23162.41141.24111.6386.0871.0663.8154.3435.7111.92-13.26-35.75-51.18-61.46-65.2-64.28-72.49-58.81-60.01
Net Income
145.74410.77422.39414.07386.02117.1896.7588.5786.7866.2345.6116.07-9.98-31.23-50-59.57-63.16-73.69-58.82-60.14
Earnings Per Share
2.958.398.738.578.042.462.041.881.831.420.950.35-0.24-0.78-1.25-1.51-1.62-2.03-1.97-2.57
EPS Growth
-63.34%241.49%328.68%355.85%338.81%73.11%114.70%437.14%------------

Revenue by Segment
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '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
Subscription
1,021980.72933.36873.44805.47733.6666.83607.53550.67498.94450.19404.68365.36331.65301.68273.51246.49220.35198.65180.7
Advertising
82.7182.9182.4679.7373.867.1859.8454.9154.151.3751.1849.8647.5246.4644.6244.7344.7343.1440.9738.5
Duolingo English Test
41.5641.3641.3442.0143.1444.2644.8745.6445.0444.884441.2138.836.3834.6132.7232.430.9127.724.66
In-App Purchases
32.8837.139.4840.4840.0738.3938.1738.6538.4238.2536.7534.67--------
Other Product
3.932.922.171.941.791.731.511.291.221.050.90.68--------
Revenue (Total)
1,1821,1451,0991,038964.27885.15811.21748.02689.46634.49583531.11483.95442.39403.94369.5338.69306.22276.63250.77

Cash & Debt
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '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
Cash & Investments
1,3741,3141,2521,1401,1211,098999.28877.65880.76888.24829.71747.61701.74678.67641.09608.18599.97591.16577.33553.92
Total Debt
84.2286.1491.87100.9897.3296.8154.5357.2457.2757.2356.6425.0426.0527.3527.928.4128.8830.0331.9932.46
Net Cash (Debt)
1,2901,2281,1601,0391,0241,001944.75820.41823.5831.01773.07722.57675.69651.32613.19579.77571.09561.13545.35521.46
Net Cash Growth
25.93%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
26.1325.0723.9521.5221.3220.9819.9417.4217.3917.6816.0415.5316.5016.1015.3414.6914.6815.4318.2722.25

Cash Flow & CapEx
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '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
Operating Cash Flow
435.75430.55432.96387.82363.89335.92307.63285.51251.36232.75207.52153.61116.0387.1462.6353.6642.4838.2324.679.17
Capital Expenditures
-18.1-22.62-16.92-18.1-9.33-7.65-12.01-12.12-11.08-8.66-3.92-3.19-2.56-3.88-4.92-5.56-5.79-4.8-4.07-3.59
Free Cash Flow
417.66407.93416.04369.73354.56328.27295.62273.4240.28224.09203.6150.42113.4783.2657.7248.0936.6933.4320.65.58
Free Cash Flow Growth
17.80%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 Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '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
Gross Margin
72.81%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%
Operating Margin
12.50%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%
Pretax Margin
16.15%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%
Profit Margin
12.33%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%
FCF Margin
35.33%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%

Valuation
Chart
Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period EndingSep '26 Jun '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
PE Ratio
45.7213.0510.9619.5938.20159.04145.21161.01141.49135.86207.38593.19--------
Forward PE
54.1243.9134.0444.7882.65123.94116.99122.92130.52113.98184.88---------
P/FCF Ratio
15.9513.1411.1221.9441.5956.7747.5352.1651.1040.1646.4563.3660.7270.48100.3959.41102.89102.55178.33712.07
PS Ratio
5.644.684.217.8215.2921.0617.3219.0717.8114.1816.2217.9514.2413.2714.357.7311.1511.2013.2815.86