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Duolingo DUOL Pre-Tax Income

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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:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

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
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Other (expense) income, net(410)1,660(1,196)2,661
Income before interest income and income taxes33,53535,02377,27659,618
Interest income11,83111,42723,64221,842
Income before income taxes45,36646,450100,91881,460
Provision for income taxes12,2081,66924,3001,544
Net income and comprehensive income$33,158$44,781$76,618$79,916
Net income per share attributable to Class A and Class B common stockholders, basic$0.71$0.98$1.64$1.76
Net income per share attributable to Class A and Class B common stockholders, diluted$0.66$0.91$1.53$1.64

Item 1. Financial Statements (Unaudited)

FAQ

What is Duolingo's pre-tax income?
Duolingo (DUOL) reported pre-tax income of $45.37M in Q2 2026.
How has Duolingo's pre-tax income changed year-over-year?
Duolingo's pre-tax income decreased by 2.3% year-over-year, from $46.45M to $45.37M.
What is the long-term trend for Duolingo's pre-tax income?
Over 4 years (2021 to 2025), Duolingo's pre-tax income has grown at a 32.1% compound annual growth rate (CAGR), from -$59.96M to $182.41M.
What does pre-tax income mean?
Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

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