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NASDAQ · Technology

Duolingo, Inc. (DUOL)

Duolingo, Inc. brought in $1.1B of revenue over the twelve months to June 30, 2026, up 29.4% from a year earlier. Net income was $410.8M, a net margin of 35.9%. Operating cash flow minus capital spending left $369.7M of free cash flow in fiscal 2025. At June 30, 2026 it held $1.2B in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 6, 2026.

Price
$143.51
-2.87% on the day · September 25, 2026
52-week range $87.89 to $353.00
Market cap
$6.7B
Revenue (last 12 months)
$1.1B
+29.4% year on year
Net margin
35.9%
P/E
16.8
on FY2025 diluted EPS

What Duolingo, Inc. does

Duolingo, Inc. is registered with the SEC under industry code SIC 7372 (Services-Prepackaged Software). Its shares trade on NASDAQ under the ticker DUOL.

Revenue and profit by year

Revenue
FY21: $161.7M $161.7M FY21FY21: $250.8M $250.8M FY21FY22: $369.5M $369.5M FY22FY23: $531.1M $531.1M FY23FY24: $748M $748M FY24FY25: $1B $1B FY25
Net income
FY21: -$15.8M -$15.8M FY21FY21: -$60.1M -$60.1M FY21FY22: -$59.6M -$59.6M FY22FY23: $16.1M $16.1M FY23FY24: $88.6M $88.6M FY24FY25: $414.1M $414.1M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$1B$135.6M$414.1M$8.57$369.7M
2024$748M$62.6M$88.6M$1.88$273.4M
2023$531.1M-$13.3M$16.1M$0.35$150.4M
2022$369.5M-$65.2M-$59.6M-$1.51$48.1M
2021$250.8M-$60M-$60.1M-$2.57$5.6M
2021$161.7M-$16M-$15.8M-$1.24$14.3M
Next report expected around November 4, 2026.

Estimated from its filing rhythm: 52 weeks after its report of November 5, 2025. Not a date the company has announced. See the report calendar

Where DUOL ranks in Technology

Revenue$1B
#207 of 530 in Technology · Top 39%
Revenue growth+38.7%
#61 of 495 in Technology · Top 12%
Net margin39.9%
#19 of 498 in Technology · Top 4%
Free cash flow margin35.6%
#27 of 474 in Technology · Top 5%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Technology

Latest SEC filings

What Duolingo, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. August 19, 2026
  2. August 12, 2026
  3. August 12, 2026
  4. August 10, 2026
  5. August 6, 2026
    Quarterly report 10-Q · period to June 30, 2026
  6. August 5, 2026
  7. July 31, 2026
  8. June 5, 2026
  9. May 14, 2026
  10. May 6, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on September 24, 2026. Insider transactions on SEC

What is DUOL worth? A DCF from its reported cash flow

Insider trades

What the people running Duolingo, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

Insiders sold $13.1M worth of shares in the last 90 days and bought none on the open market. All of the selling was pre-planned under Rule 10b5-1 trading plans.

Bought (open market)
$0
last 90 days
Sold
$13.1M
last 90 days
Net sold
87,344
$13.1M
DateInsiderWhatSharesPriceValueFiling
September 22, 2026 von Ahn LuisPresident & CEO, Co-Founder, Director, 10% owner Exercised options 3,614 $38.08 $137.6K Form 4
September 22, 2026 von Ahn LuisPresident & CEO, Co-Founder, Director, 10% owner Soldpre-planned (10b5-1) 200 $150.00 $30K Form 4
September 22, 2026 von Ahn LuisPresident & CEO, Co-Founder, Director, 10% owner Soldpre-planned (10b5-1) 3,414 $152.02 $519K Form 4
September 21, 2026 von Ahn LuisPresident & CEO, Co-Founder, Director, 10% owner Exercised options 27,960 $14.42 $403.2K Form 4
September 21, 2026 von Ahn LuisPresident & CEO, Co-Founder, Director, 10% owner Exercised options 9,406 $38.08 $358.2K Form 4
September 21, 2026 von Ahn LuisPresident & CEO, Co-Founder, Director, 10% owner Soldpre-planned (10b5-1) 33,257 $150.46 $5M Form 4
September 21, 2026 von Ahn LuisPresident & CEO, Co-Founder, Director, 10% owner Soldpre-planned (10b5-1) 4,109 $151.07 $620.7K Form 4
September 16, 2026 von Ahn LuisPresident & CEO, Co-Founder, Director, 10% owner Exercised options 23,040 $14.42 $332.2K Form 4
September 16, 2026 von Ahn LuisPresident & CEO, Co-Founder, Director, 10% owner Exercised options 5,252 $38.08 $200K Form 4
September 16, 2026 von Ahn LuisPresident & CEO, Co-Founder, Director, 10% owner Soldpre-planned (10b5-1) 27,272 $150.17 $4.1M Form 4
September 16, 2026 von Ahn LuisPresident & CEO, Co-Founder, Director, 10% owner Soldpre-planned (10b5-1) 1,020 $151.54 $154.6K Form 4
September 14, 2026 Chen Stephen C.General Counsel Soldpre-planned (10b5-1) 2,107 $147.43 $310.6K Form 4
September 14, 2026 Chen Stephen C.General Counsel Soldpre-planned (10b5-1) 5,965 $150.00 $894.8K Form 4
September 8, 2026 Gordon William BDirector Soldpre-planned (10b5-1) 800 $143.83 $115.1K Form 4
September 8, 2026 Gordon William BDirector Soldpre-planned (10b5-1) 2,742 $144.59 $396.5K Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

All filings on SEC EDGAR

Questions about DUOL

What does Duolingo, Inc. do?

Duolingo, Inc. is registered with the SEC under industry code SIC 7372 (Services-Prepackaged Software). Its shares trade on NASDAQ under the ticker DUOL.

Is Duolingo, Inc. profitable?

Yes. Over the twelve months to June 30, 2026 it reported net income of $410.8M on revenue of $1.1B, a net margin of 35.9%.

How much revenue does Duolingo, Inc. make?

Over the twelve months to June 30, 2026 Duolingo, Inc. reported revenue of $1.1B. That is 29.4% more than a year earlier.

When did Duolingo, Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on August 6, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the planned insider sale from September 24, 2026.

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Where the numbers come from

Financial figures are the values Duolingo, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.