Duolingo revenue and financials

DUOL · NASDAQ · USD

$150.63+1.68%+$2.50

Close · October 7, 2026

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%.

Annual revenue · 2025: $1.04B

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Amounts in millions of USD; per-share values in USD; shares in millions.

Income statement · Quarterly
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 revenue	298	292	283	272	252	231	210	193	178	168	151	138
Cost of revenue	81.7	78.9	77.0	74.8	69.7	66.6	58.9	52.2	47.3	45.2	40.6	36.3
Gross profit	217	213	206	197	183	164	151	140	131	122	110	101
Selling, general and administrative	90.3	85.3	82.5	77.4	74.9	70.0	70.2	63.5	56.8	55.0	55.4	55.6
Research and development	91.6	83.0	79.6	79.9	73.7	70.4	66.2	62.9	55.1	50.9	50.3	50.3
Operating income	34.9	44.9	43.9	39.6	34.1	23.7	14.3	14.1	19.0	16.4	4.8	-4.6
EBIT	34.9	44.9	43.9	39.6	34.1	23.7	14.3	14.1	19.0	16.4	4.8	-4.6
EBITDA	39.1	49.1	47.7	43.2	37.5	27.3	17.9	16.9	21.3	18.5	6.8	-2.9
Pre-tax income	45.4	55.6	54.5	46.4	46.5	35.0	22.4	25.4	28.7	25.9	15.1	2.9
Income tax	12.2	12.1	12.5	-246	1.7	-0.1	8.4	2.0	4.4	-1.1	3.0	0.1
Net income	33.2	43.5	42.0	292	44.8	35.1	13.9	23.4	24.4	27.0	12.1	2.8
Net income to common shareholders	33.2	43.5	42.0	292	44.8	35.1	13.9	23.4	24.4	27.0	12.1	2.8
Basic EPS	0.71	0.93	0.90	6.36	0.98	0.78	0.31	0.53	0.56	0.63	0.29	0.07
Diluted EPS	0.66	0.89	0.89	5.95	0.91	0.72	0.30	0.49	0.51	0.57	0.26	0.06
Average shares (basic)	46.7	46.8	46.4	46.0	45.6	45.1	44.3	43.7	43.3	42.8	41.8	41.7
Average shares (diluted)	50.0	49.0	46.9	49.1	49.0	48.5	45.9	48.0	47.8	47.4	46.6	46.9