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Duolingo DUOL Q1 2026 earnings

Reported May 4, 2026 · After market close

Revenue$292.0MBeat by $3.4M
EPS$0.89Beat by $0.10
Revenue estimate$288.6M
EPS estimate$0.79

Next report

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

Financials

Q1 2026

Income statement

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Revenue$292.0M+26.5%
Gross profit$213.1M+29.9%
Operating income$44.5M+88.7%
Net income$43.5M+23.7%
EPS (diluted)$0.89+23.6%

Balance sheet

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Cash & equivalents$171.2M+113%
Total debt$91.9M+68.5%
Total equity$1.4B+55.7%
Total assets$2.1B+46.7%

Cash flow

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Operating cash flow$150.8M+42.7%
CapEx$132.0K-89.9%
Free cash flow$150.6M+44.4%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$4.63B-67.1%
Enterprise value$4.55B-67.6%
P/E11×-134×
P/S4.2×-13.1×

Profitability

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Gross margin72.7%+0.4pp
Operating margin14.2%+5.6pp
Net margin38.4%+26.5pp
FCF margin37.9%+1.4pp

Returns & leverage

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Return on equity37%+24.9pp
Debt / equity0.1×0.0×
Current ratio2.6×-0.1×

Segments

By product

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Subscription$250.9M+31.4%
Advertising$20.6M+15.3%
Duolingo English Test$11.3M-5.6%
IAPs$8.4M—

FAQ

When did Duolingo report Q1 2026 earnings?
Duolingo (DUOL) reported Q1 2026 earnings on May 4, 2026 after market close.
What were Duolingo's Q1 2026 revenue and EPS?
Duolingo reported revenue of $292.0M and eps of $0.89 for Q1 2026.
Did Duolingo beat estimates in Q1 2026?
Revenue beat the consensus estimate of $288.6M by $3.4M. EPS beat the consensus estimate of $0.79 by $0.10.
How did Duolingo's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 26.5% from $230.7M a year earlier and eps grew 23.6% from $0.72.
Where can I find Duolingo's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-029790) and the 10-Q periodic report (0001628280-26-029976) directly on SEC EDGAR. The filing index links above go to sec.gov.