Duolingo DUOL
Public, NASDAQ, reports in USD. Founded 2011.
Theme: Mobile.
Learning.
2025-08-01 — Profitable learning, exciting
Financials millions, USD
| Period | Revenue | Growth % | Gross margin % | R&D % | Operating income | Operating margin % | Net income | EPS (diluted) | Rule of 40 | basis |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.0bn USD | 38.7 % | 72.2 % | 29.5 % | 136m USD | 13.1 % | 414m USD | 8.88 | 51.8 | |
| 2024 | 748m USD | 40.9 % | 72.8 % | 31.5 % | 63m USD | 8.4 % | 89m USD | 1.97 | 49.2 | |
| 2023 | 531m USD | 43.9 % | 73.3 % | 36.5 % | -13m USD | -2.4 % | 16m USD | 0.35 | 41.5 | |
| 2022 | 369m USD | – | 73.1 % | 40.8 % | -65m USD | -17.7 % | -60m USD | -1.51 | – | |
| 2026-Q2 | 298m USD | 18.3 % | 72.6 % | 30.9 % | 34m USD | 11.4 % | 33m USD | 0.66 | 29.7 | |
| 2026-Q1 | 292m USD | – | 73.0 % | 28.4 % | 45m USD | 15.3 % | 43m USD | 0.89 | – | |
| 2025-Q4 | 283m USD | – | 72.8 % | 28.1 % | 43m USD | 15.4 % | 42m USD | 0.90 | – | |
| 2025-Q3 | 272m USD | – | 72.5 % | 30.4 % | 35m USD | 12.9 % | 292m USD | 5.95 | – | |
| 2025-Q2 | 252m USD | – | 72.4 % | 29.2 % | 33m USD | 13.2 % | 45m USD | 0.91 | – |
Sources
- 2025: yfinance
- 2024: yfinance
- 2023: 2025_10-K_Summary_2026-07-10.xlsx
- 2022: 2025_10-K_Summary_2026-07-10.xlsx
- 2026-Q2: yfinance
- 2026-Q1: yfinance
- 2025-Q4: yfinance
- 2025-Q3: yfinance
- 2025-Q2: yfinance
Latest quarter 2026-Q2, ended 2026-06-30, vs 2025-Q2
| 2026-Q2 | 2025-Q2 | change | |
|---|---|---|---|
| Revenue | 298m USD | 252m USD | +46m (+18 %) |
| Op. margin | 11.4 % | 13.2 % | -1.9 pts |
| FCF | 79m USD | 86m USD | -7.7m (-9 %) |
| Op. income | 34m USD | ||
| Net income | 33m USD | ||
| EPS (diluted) | 0.66 | -27.5 % |
Cash flow millions, USD
| Period | Cash from operations | Capex | Free cash flow | FCF margin % | CFO / net income % | NOPAT | Unlevered FCF | Levered FCF | Net change in cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | 388m USD | 27m USD | 360m USD | 34.7 % | 93.7 % | – | – | – | 251m USD |
| 2024 | 286m USD | 21m USD | 264m USD | 35.3 % | 322.3 % | 54m USD | 120m USD | – | 38m USD |
| 2023 | 154m USD | 14m USD | 140m USD | 26.4 % | 956.1 % | -12m USD | 17m USD | – | 142m USD |
| 2022 | 54m USD | 10m USD | 44m USD | 11.8 % | – | – | – | – | 54m USD |
NOPAT = op. income × (1 − effective tax rate); UFCF = NOPAT + D&A + ΔNWC − capex; LFCF = FCF + net debt issued.
Quotes
| Price | 153.65 USD | 2026-09-15 | |
|---|---|---|---|
| Market cap | 7.2bn USD | 2026-09-15 | |
| 52w high | 353.00 USD | 2026-09-15 | |
| 52w low | 87.89 USD | 2026-09-15 | |
| Off 52w high % | -56.5 % | ||
| P/S | 6.9 | ||
| Lifetime CAGR | 0.2 % |
Notes
- 2025-08-01 opinion Profitable learning, exciting