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Duolingo

DUOL

Duolingo is a mobile-first education technology company that provides a gamified learning platform for languages, math, music, and chess.

Market cap
$7.2B-43.7%
Revenue$1.1B+29.4%
Net income$410.8M+251%
Free cash flow$407.9M+24.3%
EPS (diluted)$8.44+247%
Trailing twelve months · change vs. prior year

Earnings

Q2 2026 report

August 5, 2026
Revenue$298.5MBeat by $2.9MEPS$0.66Beat by $0.06

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$302.8M
EPS estimate$0.55

Financials

Q2 2026

Income statement

See full
Revenue$298.5M+18.3%
Gross profit$216.7M+18.7%
Operating income$33.9M+1.7%
Net income$33.2M-26.0%
EPS (diluted)$0.66-27.5%

Balance sheet

See full
Cash & equivalents$184.9M+104%
Total debt$86.1M+121%
Total equity$1.4B+44.3%
Total assets$2.1B+34.4%

Cash flow

See full
Operating cash flow$88.3M-2.7%
CapEx$6.9M+476%
Free cash flow$81.4M-9.1%

Valuation & ratios

Valuation

See full
Market cap$7.2B-43.7%
Enterprise value$7.1B-44.6%
P/E17.5×-92.2×
P/S6.3×-8.2×

Profitability

See full
Gross margin72.7%+0.7pp
Operating margin13.7%+4.2pp
Net margin35.9%+22.6pp
FCF margin35.6%-1.5pp

Returns & leverage

See full
Return on equity34.4%+21.0pp
Debt / equity0.1×0.0×
Current ratio2.7×-0.1×

Segments

By product

See full
Subscription$258.0M+22.5%
Advertising$21.1M+2.2%
Duolingo English Test$10.1M+0.2%
IAPs$8.0M—

Competitors

By market cap

Duolingo logo
Duolingo$7.2B-44.0%
Coursera logo
Coursera$1.4B-22.9%

By revenue growth

Duolingo logo
Duolingo+29.4%
Coursera logo
Coursera+22.7%

By net margin

Duolingo logo
Duolingo35.87%+22.6pp
Coursera logo
Coursera-15.39%-8.3pp

Profile

Duolingo is a mobile-first education technology company that provides a gamified learning platform for languages, math, music, and chess. The company leverages a freemium model and proprietary AI to deliver bite-sized, engaging lessons to a global user base. Its core value proposition lies in making high-quality education accessible and effective through data-driven personalization and a fun, game-like experience.

Competitive position

Duolingo is a market leader in digital language learning, operating the top-grossing education app globally with a significant data moat derived from billions of daily exercises.

GeographiesGlobal, United States
Customer segmentsB2C, Academic Institutions
Business modelFreemium, Subscription SaaS, Ad-supported, Transaction-based
SuppliersCloud infrastructure providers, AI and machine learning hardware, Mobile app stores (Apple App Store, Google Play Store)
CustomersIndividual consumers, Academic admissions offices, Corporate recruiters
CountryUnited States of America
Listed2021
Employees720.0
CEOLuis Alfonso von Ahn Arellano
SectorTechnology
IndustrySoftware - Application
Websiteduolingo.com
FilingsSEC EDGAR

FAQ

What is Duolingo's market cap?
Duolingo (DUOL) has a market capitalization of $7.2B and trades on NASDAQ.
What is Duolingo's revenue and profitability?
Duolingo generated $1.1B in trailing twelve-month revenue with net income of $410.8M, representing a net margin of 35.9%. Gross margin stands at 72.7%, with free cash flow of $407.9M. The latest reported period is Q2 2026.
Who are Duolingo's competitors?
Duolingo's key competitors include Coursera. These companies compete in similar markets and product categories.
Who does Duolingo partner with?
Duolingo's notable partners include Apple, Google, OpenAI.
Where is Duolingo headquartered?
Duolingo is headquartered in United States of America and employs approximately 720 people. It has been publicly traded since 2021.