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Duolingo DUOL Duolingo English Test — Total revenues

Other product segments

Subscription
$258.04M+22.5%
Advertising
$21.05M+2.2%
IAPs
$8M

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Other financials

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

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Market cap$5.74B-63.3%
Enterprise value$5.64B-63.8%
P/E14×-119×
P/S-12.6×

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×

Where this comes from

Reported directly by Duolingo in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Duolingo’s 10-Q, filed August 6, 2026.

Filed
Aug 5, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-053603
(In thousands)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Subscription$258,035$210,678$508,943$401,665
Advertising21,05220,60341,66638,485
Duolingo English Test10,10910,08821,42622,074
IAPs8,00210,39016,44819,832
Other1,2565061,938952
Total revenues$298,454$252,265$590,421$483,008

Item 1. Financial Statements (Unaudited)

FAQ

What is Duolingo's duolingo english test — total revenues?
Duolingo (DUOL) reported duolingo english test — total revenues of $10.11M in Q2 2026.
How has Duolingo's duolingo english test — total revenues changed year-over-year?
Duolingo's duolingo english test — total revenues increased by 0.2% year-over-year, from $10.09M to $10.11M.
What is the long-term trend for Duolingo's duolingo english test — total revenues?
Over 4 years (2021 to 2025), Duolingo's duolingo english test — total revenues has grown at a 14.2% compound annual growth rate (CAGR), from $24.66M to $42.01M.
What does duolingo english test — total revenues mean?
This metric represents the total revenue generated from the company's English language proficiency assessment product. It reflects the adoption and monetization of the certification service used by educational institutions and individuals for academic or professional verification. Growth in this segment indicates the product's market penetration and its role as a scalable, high-margin component of the company's broader digital education ecosystem.

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