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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 88.3 | 151 | 107 | 84.2 | 90.7 | 106 | 83.3 | 56.3 | 62.4 | 83.5 | 49.2 | 37.7 |
| Depreciation and amortization | 4.2 | 4.2 | 3.8 | 3.6 | 3.4 | 3.6 | 3.7 | 2.9 | 2.2 | 2.1 | 2.0 | 1.7 |
| Capital expenditure | -6.9 | -0.1 | -10.7 | -4.9 | -1.2 | -1.3 | -2.0 | -3.2 | -5.6 | -1.4 | -0.9 | -0.8 |
| Investing cash flow | 8.3 | -16.7 | -43.2 | -51.7 | -2.3 | -10.5 | -110 | -93.3 | -8.7 | -5.0 | -4.1 | -4.8 |
| Financing cash flow | -54.2 | -31.9 | -39.2 | 2.7 | 3.8 | 3.1 | -41.6 | 3.2 | 4.8 | 3.6 | 3.6 | -9.8 |
| Share repurchases | -54.6 | -33.8 | -41.6 | — | 0.0 | 0.0 | -49.4 | — | — | — | — | -11.5 |
| Net change in cash | 42.3 | 102 | 24.8 | 35.3 | 92.2 | 98.2 | -68.6 | -33.8 | 58.5 | 82.1 | 48.6 | 23.1 |
| Free cash flow | 81.4 | 151 | 96.6 | 79.4 | 89.5 | 104 | 81.4 | 53.1 | 56.8 | 82.1 | 48.3 | 36.9 |
| Levered free cash flow | 55.8 | 136 | 66.9 | 49.5 | 68.1 | 88.7 | 73.8 | 35.5 | 41.6 | 63.6 | 36.6 | 27.2 |