Duolingo revenue and financials
$150.63Change from previous close: +1.68%Absolute change: +$2.50
In the fiscal year ended December 2025, Duolingo reported revenue of $1.04B (+38.71% year over year). Net income was $414.07M, a net margin of 39.9%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +38.71%
- 2025 vs 2024
- Net income growth
- +367.48%
- 2025 vs 2024
- Net margin
- 39.9%
- 2024: 11.8%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | 388 | 286 | 154 | 53.7 | 9.2 |
| Depreciation and amortization | 14.4 | 10.9 | 7.1 | 4.9 | 2.7 |
| Capital expenditure | -18.1 | -12.1 | -3.2 | -5.6 | -3.6 |
| Investing cash flow | -108 | -217 | -13.6 | -14.2 | -6.2 |
| Financing cash flow | -29.5 | -30.0 | 2.1 | 14.8 | 430 |
| Share repurchases | -41.6 | -49.4 | -11.5 | 0.0 | -0.9 |
| Net change in cash | 251 | 38.2 | 142 | 54.3 | 433 |
| Free cash flow | 370 | 273 | 150 | 48.1 | 5.6 |
| Levered free cash flow | 265 | 213 | 116 | 65.2 | 23.6 |