Duolingo, Inc. financials
Key figures from Duolingo, Inc.'s filings with the U.S. Securities and Exchange Commission: the latest quarter against a year earlier, and the trend across recent quarters and fiscal years.
Latest quarter vs a year earlier
| Metric | Jun 2026 | Jun 2025 | Change |
|---|---|---|---|
| Revenue | $298M | $252M | +18.3% |
| Net income | $33M | $45M | -26.0% |
| Free cash flow | $81M | $89M | -9.1% |
| Gross margin | 72.6% | 72.4% | +0.2 pts |
| Operating margin | 11.4% | 13.2% | -1.9 pts |
| Net margin | 11.1% | 17.8% | -6.6 pts |
Quarterly trend
Fiscal years
| Fiscal year | Revenue | Net income | Net margin | Free cash flow | EPS (diluted) |
|---|---|---|---|---|---|
| FY Dec 2025 | $1.0B | $414M | 39.9% | $370M | $8.57 |
| FY Dec 2024 | $748M | $88M | 11.8% | $273M | $1.88 |
| FY Dec 2023 | $531M | $16M | 3.0% | $150M | $0.35 |
| FY Dec 2022 | $369M | -$60M | -16.1% | $48M | -$1.51 |
| FY Dec 2021 | $251M | -$60M | -24.0% | $6M | -$2.57 |
* Fiscal fourth quarter computed from the annual filing minus the three reported quarters. All figures from company filings with the SEC.