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Duolingo DUOL IAPs — Revenue from contract with customer, excluding assessed tax

Other product segments

Subscription
$250.91M+31.4%
Advertising
$20.61M+15.3%
Duolingo English Test
$11.32M-5.6%
In-App Purchases
$8.45M-10.5%

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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%

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:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Duolingo’s 10-K, filed February 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Duolingo's iaps — revenue from contract with customer, excluding assessed tax?
Duolingo (DUOL) reported iaps — revenue from contract with customer, excluding assessed tax of $10.12M in Q4 2025.
How has Duolingo's iaps — revenue from contract with customer, excluding assessed tax changed year-over-year?
Duolingo's iaps — revenue from contract with customer, excluding assessed tax increased by 4.7% year-over-year, from $9.66M to $10.12M.
What is the long-term trend for Duolingo's iaps — revenue from contract with customer, excluding assessed tax?
Over 2 years (2023 to 2025), Duolingo's iaps — revenue from contract with customer, excluding assessed tax has grown at a 8.0% compound annual growth rate (CAGR), from $34.67M to $40.48M.
What does iaps — revenue from contract with customer, excluding assessed tax mean?
This metric represents the total revenue generated from in-app purchases within a specific product segment, excluding any assessed taxes. It reflects the direct monetization performance of digital goods or premium features sold to users through the platform's mobile application ecosystem. This figure serves as a key indicator of user willingness to pay for enhanced functionality and the overall commercial viability of the specific product line.