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Duolingo DUOL Q2 2025 earnings

Reported August 6, 2025 · After market close

Revenue$252.3MMiss by $5.0M
EPS$0.91Beat by $0.36
Revenue estimate$257.2M
EPS estimate$0.55

Next report

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

Financials

Q2 2025

Income statement

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Revenue$252.3M+41.5%
Gross profit$182.6M+39.4%
Operating income$33.4M+78.4%
Net income$44.8M+83.9%
EPS (diluted)$0.91+78.4%

Balance sheet

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Cash & equivalents$90.5M-89.8%
Total debt$39.0M-31.9%
Total equity$977.0M+27.4%
Total assets$1.5B+35.4%

Cash flow

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Operating cash flow$90.7M+45.3%
CapEx$1.2M-78.5%
Free cash flow$89.5M+57.5%

Valuation & ratios

Valuation

as of 06/30/25
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Market cap$19.22B+113%
Enterprise value$19.17B+134%
P/E164×+27.7×
P/S21.7×+7.5×

Profitability

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Gross margin72%-1.3pp
Operating margin9.5%—
Net margin13.2%+2.8pp
FCF margin37.1%+1.8pp

Returns & leverage

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Return on equity13.4%+3.7pp
Debt / equity0×0.0×
Current ratio2.8×-0.5×

Segments

By product

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Subscription$210.7M+46.4%
Advertising$20.6M+55.4%
Duolingo English Test$10.1M-5.7%

By geography

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United States$98.1M+25.9%

FAQ

When did Duolingo report Q2 2025 earnings?
Duolingo (DUOL) reported Q2 2025 earnings on August 6, 2025 after market close.
What were Duolingo's Q2 2025 revenue and EPS?
Duolingo reported revenue of $252.3M and eps of $0.91 for Q2 2025.
Did Duolingo beat estimates in Q2 2025?
Revenue missed the consensus estimate of $257.2M by $5.0M. EPS beat the consensus estimate of $0.55 by $0.36.
How did Duolingo's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 41.5% from $178.3M a year earlier and eps grew 78.4% from $0.51.
Where can I find Duolingo's Q2 2025 SEC filings?
You can read the 8-K earnings release (0001562088-25-000165) and the 10-Q periodic report (0001562088-25-000168) directly on SEC EDGAR. The filing index links above go to sec.gov.