When did Duolingo report Q4 2024 earnings?

Duolingo (DUOL) reported Q4 2024 earnings on February 27, 2025 after market close.

What were Duolingo's Q4 2024 revenue and EPS?

Duolingo reported revenue of $209.6M and eps of $0.31 for Q4 2024.

Did Duolingo beat estimates in Q4 2024?

Revenue beat the consensus estimate of $205.5M by $4.1M. EPS missed the consensus estimate of $0.48 by $0.17.

Where can I find Duolingo's Q4 2024 SEC filings?

You can read the 10-K periodic report (0001562088-25-000042) directly on SEC EDGAR. The filing index links above go to sec.gov.

Duolingo DUOL Q4 2024 Annual earnings

Reported February 27, 2025 · After market close

Revenue$209.6MBeat by $4.1M

EPS$0.31Miss by $0.17

Revenue estimate$205.5M

EPS estimate$0.48

Next report

Aug 5, 2026 (In 1 week)

Revenue estimate$295.5M

EPS estimate$0.61

Financials

Q4 2024

Income statement

See full

Revenue$209.6M+38.8%

Gross profit$150.6M+36.4%

Operating income$13.9M—

Net income$13.9M+14.8%

EPS (diluted)$0.31+19.2%

Balance sheet

See full

Cash & equivalents$73.4M+45.6%

Total debt$57.2M+129%

Total equity$824.6M+25.8%

Total assets$1.3B+36.5%

Cash flow

See full

Operating cash flow$83.3M+69.4%

CapEx$2.0M+112%

Free cash flow$81.4M+68.6%

Valuation & ratios

Valuation

as of 12/31/24

See full

Market cap$14.26B+47.8%

Enterprise value$14.24B+48.1%

P/E161×-439×

P/S19.1×+0.9×

Profitability

See full

Gross margin72.8%-0.5pp

Operating margin8.4%—

Net margin11.8%+8.8pp

FCF margin36.5%+8.2pp

Returns & leverage

See full

Return on equity12%+9.3pp

Debt / equity0.1×0.0×

Current ratio2.6×-0.6×

Segments

By product

See full

Subscription$174.3M+48.4%

Advertising$14.3M+6.0%

Duolingo English Test$11.4M+5.5%

In-App Purchases$9.1M+2.6%

Versus estimates

Revenue

Q1 2026$292.0MBeat by $3.4M Q4 2025$282.9MBeat by $6.9M Q3 2025$271.7MBeat by $11.4M Q2 2025$252.3MMiss by $5.0M Q1 2025$230.7MBeat by $7.6M

Q4 2024$209.6MBeat by $4.1M

Diluted EPS

Q1 2026$0.89Beat by $0.10 Q4 2025$0.94Beat by $0.15 Q3 2025$0.95Beat by $0.19 Q2 2025$0.91Beat by $0.36 Q1 2025$0.72Beat by $0.20

Q4 2024$0.31Miss by $0.17

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Questions, answered.

When did Duolingo report Q4 2024 earnings?: Duolingo (DUOL) reported Q4 2024 earnings on February 27, 2025 after market close.
What were Duolingo's Q4 2024 revenue and EPS?: Duolingo reported revenue of $209.6M and eps of $0.31 for Q4 2024.
Did Duolingo beat estimates in Q4 2024?: Revenue beat the consensus estimate of $205.5M by $4.1M. EPS missed the consensus estimate of $0.48 by $0.17.
Where can I find Duolingo's Q4 2024 SEC filings?: You can read the 10-K periodic report (0001562088-25-000042) directly on SEC EDGAR. The filing index links above go to sec.gov.