What is Duolingo's change in deferred revenue?

Duolingo (DUOL) reported change in deferred revenue of $17.05M in Q1 2026.

How has Duolingo's change in deferred revenue changed year-over-year?

Duolingo's change in deferred revenue decreased by 59.5% year-over-year, from $42.14M to $17.05M.

What is the long-term trend for Duolingo's change in deferred revenue?

Over 4 years (2021 to 2025), Duolingo's change in deferred revenue has grown at a 29.8% compound annual growth rate (CAGR), from $43.48M to $123.32M.

What does change in deferred revenue mean?

Change in payments received from customers for goods/services not yet delivered — a key SaaS and subscription metric.

Duolingo DUOL Change in Deferred Revenue

Change in Deferred Revenue at other companies

MYR GroupMYRG

-$18.75M+46.3%

ALN

Alnylam PharmaceuticalsALNY

-$1.63M+94.0%

Federal SignalFSS

-$2.18M-221%

Commvault SystemsCVLT

$52.94M+78.0%

CRISPR TherapeuticsCRSP

-$427K+48.2%

MaterionMTRN

-$1.96M+57.6%

Other financials

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

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Market cap$5.85B-67.1%

Enterprise value$5.77B-67.6%

P/E13.9×-170×

P/S5.3×-16.6×

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×

Where this comes from

Reported directly by Duolingo in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInContractWithCustomerLiability.

The official record: Duolingo’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Duolingo's change in deferred revenue?: Duolingo (DUOL) reported change in deferred revenue of $17.05M in Q1 2026.
How has Duolingo's change in deferred revenue changed year-over-year?: Duolingo's change in deferred revenue decreased by 59.5% year-over-year, from $42.14M to $17.05M.
What is the long-term trend for Duolingo's change in deferred revenue?: Over 4 years (2021 to 2025), Duolingo's change in deferred revenue has grown at a 29.8% compound annual growth rate (CAGR), from $43.48M to $123.32M.
What does change in deferred revenue mean?: Change in payments received from customers for goods/services not yet delivered — a key SaaS and subscription metric.