Skip to content
Screener

Duolingo DUOL Q3 2025 earnings

Reported November 5, 2025 · After market close

Revenue$271.7MBeat by $11.4M
EPS$0.95Beat by $0.19
Revenue estimate$260.3M
EPS estimate$0.76

Next report

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

Financials

Q3 2025

Income statement

See full
Revenue$271.7M+41.1%
Gross profit$196.9M+40.2%
Operating income$35.2M+159%
Net income$292.2M+1,151%
EPS (diluted)$5.95+1,114%

Balance sheet

See full
Cash & equivalents$111.3M+75.9%
Total debt$97.3M+69.9%
Total equity$1.3B+59.0%
Total assets$1.9B+54.6%

Cash flow

See full
Operating cash flow$84.2M+49.7%
CapEx$4.9M+53.0%
Free cash flow$79.4M+49.5%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$14.75B+20.9%
Enterprise value$14.73B+20.8%
P/E38.2×-102×
P/S15.3×-2.4×

Profitability

See full
Gross margin72%-1.1pp
Operating margin11%—
Net margin40%+27.4pp
FCF margin36.8%+1.9pp

Returns & leverage

See full
Return on equity36.2%+24.2pp
Debt / equity0.1×0.0×
Current ratio2.8×-0.3×

Segments

By product

See full
Subscription$229.5M+45.6%
Advertising$21.0M+45.9%
Duolingo English Test$9.6M-10.4%

By geography

See full
United States$98.1M+25.9%

FAQ

When did Duolingo report Q3 2025 earnings?
Duolingo (DUOL) reported Q3 2025 earnings on November 5, 2025 after market close.
What were Duolingo's Q3 2025 revenue and EPS?
Duolingo reported revenue of $271.7M and eps of $0.95 for Q3 2025.
Did Duolingo beat estimates in Q3 2025?
Revenue beat the consensus estimate of $260.3M by $11.4M. EPS beat the consensus estimate of $0.76 by $0.19.
How did Duolingo's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 41.1% from $192.6M a year earlier and eps grew 93.9% from $0.49.
Where can I find Duolingo's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001628280-25-049514) and the 10-Q periodic report (0001628280-25-049743) directly on SEC EDGAR. The filing index links above go to sec.gov.