20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.
Duolingo Inc (DUOL) operates in the SOFTWARE - APPLICATION industry and is headquartered in Pittsburgh, United States with about 900 employees. Its market capitalization is roughly $7 billion. In the fiscal year ended 2025-12-31, DUOL reported $1.0B in revenue and $414M in net income.
Duolingo, Inc. operates as a mobile learning platform in the United States, the United Kingdom, and internationally. The company offers 250 language courses, including Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese through its Duolingo app.
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| Income statement | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.1B | $1.0B | $748M | $531M | $369M | $251M | $162M | $71M |
| Gross Profit | $828M | $744M | $539M | $384M | $266M | $251M | $115M | $49M |
| Gross Margin % | 72.3% | 71.7% | 72.0% | 72.3% | 72.0% | 100.0% | 71.2% | 69.8% |
| Operating Income (EBIT) | $163M | $141M | $64M | ($13M) | ($65M) | $60M | ($16M) | ($13M) |
| Operating Margin % | 14.2% | 13.6% | 8.5% | -2.4% | -17.5% | 23.9% | -9.7% | -18.2% |
| Net Income | $410M | $414M | $89M | $16M | ($60M) | ($60M) | ($16M) | ($14M) |
| Net Margin % | 35.8% | 39.9% | 11.8% | 3.0% | -16.1% | -24.0% | -9.8% | -19.1% |
| EBITDA | $207M | $197M | $113M | $25M | ($54M) | $3M | ($13M) | ($12M) |
| Earnings Per Share (EPS) | $8.34 | $8.57 | $1.88 | $0.35 | $-1.51 | $-1.57 | $-0.44 | $-0.38 |
| Shares Outstanding (M) | 50M | 48M | 47M | 47M | 39M | 38M | 36M | 36M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly income statement | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | $298M | $292M | $283M | $272M | $252M | $231M | $210M | $193M |
| Gross Profit | $217M | $212M | $204M | $195M | $181M | $163M | $149M | $139M |
| Gross Margin % | 72.6% | 72.5% | 72.3% | 72.0% | 71.8% | 70.5% | 71.2% | 72.1% |
| Operating Income (EBIT) | $34M | $45M | $44M | $40M | $34M | $24M | $14M | $14M |
| Operating Margin % | 11.4% | 15.4% | 15.5% | 14.6% | 13.5% | 10.3% | 6.7% | 7.3% |
| Net Income | $33M | $43M | $42M | $292M | $45M | $35M | $14M | $23M |
| Net Margin % | 11.1% | 14.9% | 14.8% | 107.5% | 17.8% | 15.2% | 6.6% | 12.1% |
| EBITDA | $39M | $60M | $58M | $50M | $50M | $39M | $26M | $28M |
| Earnings Per Share (EPS) | $0.66 | $0.89 | $0.84 | $5.95 | $0.91 | $0.72 | $0.28 | $0.49 |
| Shares Outstanding (M) | 50M | 49M | 50M | 49M | 49M | 48M | 50M | 48M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Cash flow | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $430M | $388M | $286M | $154M | $54M | $9M | $18M | $2M |
| Capital Expenditures (CapEx) | $23M | $18M | $12M | $3M | $6M | $4M | $3M | $4M |
| Free Cash Flow (FCF) | $408M | $370M | $273M | $150M | $48M | $6M | $14M | ($2M) |
| FCF Margin % | 35.6% | 35.6% | 36.5% | 28.3% | 13.0% | 2.2% | 8.9% | -2.3% |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly cash flow | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $88M | $151M | $107M | $84M | $91M | $106M | $83M | $56M |
| Capital Expenditures (CapEx) | $7M | $0M | $11M | $5M | $1M | $1M | $2M | $3M |
| Free Cash Flow (FCF) | $81M | $151M | $97M | $79M | $89M | $104M | $81M | $53M |
| FCF Margin % | 27.2% | 51.6% | 34.1% | 29.2% | 35.5% | 45.2% | 38.8% | 27.6% |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Balance sheet | 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.1B | $2.0B | $1.3B | $954M | $747M | $661M | $176M | $95M |
| Cash & Cash Equivalents | $1.2B | $1.0B | $786M | $748M | $608M | $554M | $120M | $60M |
| Total Liabilities | $664M | $645M | $477M | $298M | $205M | $148M | $74M | $41M |
| Total Debt (Short + Long-Term) | $0M | $0M | $3M | $4M | $5M | $3M | $1M | $1M |
| Total Shareholders' Equity | $1.4B | $1.3B | $825M | $656M | $542M | $513M | $102M | $54M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive DUOL viewer.
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