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Duolingo DUOL Q1 2025 earnings

Reported May 1, 2025 · After market close

Revenue$230.7MBeat by $7.6M
EPS$0.72Beat by $0.20
Revenue estimate$223.2M
EPS estimate$0.52

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$295.5M
EPS estimate$0.61

Financials

Q1 2025

Income statement

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Revenue$230.7M+37.7%
Gross profit$164.1M+34.1%
Operating income$23.6M+43.5%
Net income$35.1M+30.3%
EPS (diluted)$0.72+26.3%

Balance sheet

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Cash & equivalents$80.4M-90.3%
Total debt$54.5M-3.7%
Total equity$893.8M+25.7%
Total assets$1.4B+31.3%

Cash flow

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Operating cash flow$105.6M+26.5%
CapEx$1.3M-7.4%
Free cash flow$104.3M+27.1%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$14.05B+48.9%
Enterprise value$14.02B+61.9%
P/E145.2×-61.7×
P/S17.3×+1.1×

Profitability

See full
Gross margin72.3%-1.0pp
Operating margin8.6%
Net margin11.9%+4.1pp
FCF margin36.4%+1.5pp

Returns & leverage

See full
Return on equity12.1%+4.9pp
Debt / equity0.1×0.0×
Current ratio2.7×-0.5×

Segments

By product

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Subscription$191.0M+45.0%
Advertising$17.9M+38.1%
Duolingo English Test$12.0M-6.0%
In-App Purchases$9.4M-4.9%

By geography

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United States$98.1M+25.9%

Versus estimates

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Questions, answered.

When did Duolingo report Q1 2025 earnings?
Duolingo (DUOL) reported Q1 2025 earnings on May 1, 2025 after market close.
What were Duolingo's Q1 2025 revenue and EPS?
Duolingo reported revenue of $230.7M and eps of $0.72 for Q1 2025.
Did Duolingo beat estimates in Q1 2025?
Revenue beat the consensus estimate of $223.2M by $7.6M. EPS beat the consensus estimate of $0.52 by $0.20.
How did Duolingo's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 37.7% from $167.6M a year earlier and eps grew 26.3% from $0.57.
Where can I find Duolingo's Q1 2025 SEC filings?
You can read the 10-Q periodic report (0001562088-25-000100) directly on SEC EDGAR. The filing index links above go to sec.gov.