Duolingo revenue and financials
$152.62Change from previous close: +3.03%Absolute change: +$4.49
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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 2,074 | 2,058 | 1,992 | 1,886 | 1,543 | 1,403 | 1,302 | 1,220 | 1,139 | 1,069 | 954 | 871 |
| Current assets | 1,571 | 1,506 | 1,437 | 1,367 | 1,324 | 1,220 | 1,102 | 1,058 | 1,042 | 977 | 898 | 819 |
| Cash and equivalents | 1,181 | 1,139 | 1,036 | 1,012 | 976 | 884 | 786 | 854 | 888 | 830 | 748 | 702 |
| Short-term investments | 133 | 113 | 104 | 110 | 122 | 115 | 91.9 | 26.4 | — | — | — | — |
| Receivables | 136 | 132 | 179 | 136 | 115 | 116 | 130 | 94.2 | 77.7 | 76.4 | 89.0 | 61.7 |
| Net property, plant and equipment | 117 | 117 | 117 | 104 | 101 | 65.5 | 66.4 | 68.1 | 68.1 | 63.0 | 30.9 | 31.9 |
| Goodwill | 35.3 | 35.3 | 35.3 | 35.3 | 10.5 | 10.5 | 10.5 | 10.5 | 4.1 | 4.1 | 4.1 | 4.1 |
| Other intangible assets | 27.6 | 28.3 | 28.3 | 28.0 | 19.9 | 18.9 | 19.9 | 21.9 | 20.6 | 18.6 | 16.0 | 13.8 |
| Long-term investments | 103 | 140 | 135 | 98.7 | 75.4 | 83.3 | 98.3 | 55.3 | — | — | — | — |
| Current liabilities | 578 | 574 | 551 | 485 | 471 | 454 | 422 | 342 | 318 | 304 | 277 | 235 |
| Accounts payable | 16.2 | 7.5 | 8.0 | 3.6 | 7.7 | 2.5 | 6.4 | 3.6 | 3.4 | 2.6 | 2.4 | 2.7 |
| Total debt | 86.1 | 91.9 | 93.8 | 93.3 | 93.8 | — | — | — | — | — | — | — |
| Total liabilities | 664 | 666 | 645 | 578 | 566 | 509 | 477 | 397 | 372 | 358 | 298 | 256 |
| Total equity (incl. minority) | 1,410 | 1,392 | 1,347 | 1,308 | 977 | 894 | 825 | 822 | 767 | 711 | 656 | 615 |
| Retained earnings | 365 | 332 | 288 | 246 | -45.9 | -90.7 | -126 | -140 | -163 | -187 | -214 | -227 |