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NASDAQ · SERVICES-PREPACKAGED SOFTWARE · LARGE CAP

Duolingo, Inc. DUOL

6 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.0B
▲ 38.7% YoY
$414.1M
▲ 367.5% YoY
$369.7M
▲ 35.2% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

It also offers courses in Math and Music, and has launched a Chess course, in addition to its language courses. Learners who use Duolingo for free see an advertisement at the end of each lesson, while those who purchase a paid subscription have an ad-free experience with access to additional features; as of December 31, 2025, approximately 9% of monthly active users were paid subscribers. In 2016, it launched the Duolingo English Test, an online, on-demand assessment of English proficiency; as of December 31, 2025, over 6,100 education programs worldwide accepted its results for international student admissions, including more than 5,300 higher education programs. Duolingo was founded by two engineers, Luis von Ahn and Severin Hacker.

Written from the business description in Duolingo, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.

Growth

USD 1.0B
Revenue, FY2025 · full 6-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.0 · Net income 0.4
0.5B1.0B
202020232025
Compound annual growth
+41.1%
+45.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +45.0% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

40 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 13.1% · Net 39.9%
10%20%30%-10%-20%
202020222025
ROE
FY2025 · ROE 38.1%
10%20%30%-5%-10%
202020222025
Three returns, three denominators.

Each USD of equity produced 38 cents of profit this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 369.7
150M300M
202020222025
Net buybacks $M Dividends $M
FY2023 · Dividends · · Net buybacks -13.6
-10M-20M
2020202120222023

Total assetsUSD 2.0B
EquityUSD 1.3B
CashUSD 1.0B
Current ratio2.61×

Equity funds 68% of total assets.

The 6-year record

6 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
DUOL, 6-year financial record
Metric 202520242023202220212020
Revenue $B1.00.70.50.40.30.2
Operating income $B0.10.1−0.0−0.1−0.1−0.0
EBITDA $B0.10.1−0.0−0.1−0.1−0.0
Income tax $B−0.20.00.00.00.00.0
Net income $B0.40.10.0−0.1−0.1−0.0
Free cash flow $B0.40.30.20.00.00.0
EPS, diluted $8.571.880.35−1.51−2.57−1.24
Dividend / sh $◌◌◌◌◌◌
Payout % — not applicable: no dividend——————
ROE %38.112.02.7−11.3——
Shares out B◌◌◌◌◌0.01

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 30 reconciliationsAUDITED

Reconciled in 6 of the 6 fiscal years we could check. 26 checks were skipped: the balance sheet is not tagged before 2020. 13 checks were skipped: EPS is not tagged before 2020. 13 checks were skipped: revenue is not tagged before 2020.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Prepackaged Software
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2020

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