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Duolingo DUOL Q2 2026 earnings

Reported August 5, 2026 · After market close

Revenue$298.5MBeat by $2.9M
EPS$0.66Beat by $0.06
Revenue estimate$295.6M
EPS estimate$0.60

Next report

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

Financials

Q2 2026

Income statement

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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

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

Cash flow

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

Valuation & ratios

Valuation

as of 09/16/26
See full
Market cap$7.2B-44.0%
Enterprise value$7.1B-44.6%
P/E17.5×-92.2×
P/S6.3×-8.2×

Profitability

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

Returns & leverage

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

Segments

By product

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

FAQ

When did Duolingo report Q2 2026 earnings?
Duolingo (DUOL) reported Q2 2026 earnings on August 5, 2026 after market close.
What were Duolingo's Q2 2026 revenue and EPS?
Duolingo reported revenue of $298.5M and eps of $0.66 for Q2 2026.
Did Duolingo beat estimates in Q2 2026?
Revenue beat the consensus estimate of $295.6M by $2.9M. EPS beat the consensus estimate of $0.60 by $0.06.
How did Duolingo's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 18.3% from $252.3M a year earlier and eps declined 27.5% from $0.91.
Where can I find Duolingo's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-053299) and the 10-Q periodic report (0001628280-26-053603) directly on SEC EDGAR. The filing index links above go to sec.gov.