Dudediligence.

Duolingo, Inc

DUOLNASDAQ · Services-Prepackaged Software
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Fundamentals

Oldest to newest
Revenue, by quarter
$192.6MSep ’24$209.6MDec ’24$230.7MMar ’25$252.3MJun ’25$271.7MSep ’25$282.9MDec ’25$292.0MMar ’26$298.5MJun ’26
Net income, by quarter
$23.4MSep ’24$13.9MDec ’24$35.1MMar ’25$44.8MJun ’25$292.2MSep ’25$42.0MDec ’25$43.5MMar ’26$33.2MJun ’26
Fiscal years, by the month each ended
LineDec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue$250.8M$369.5M$531.1M$748.0M$1.04B
Gross profit$181.6M$270.1M$389.0M$544.4M$749.5M
Operating income−$60.0M−$65.2M−$13.3M$62.6M$135.6M
Net income−$60.1M−$59.6M$16.1M$88.6M$414.1M
Operating cash flow$9.2M$53.7M$153.6M$285.5M$387.8M
Free cash flow$5.6M$48.1M$150.4M$273.4M$369.7M
Cash$553.9M$608.2M$747.6M$785.8M$1.04B
Shares outstanding23.4M39.5M46.5M47.1M48.3M