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CheggCHGG
$7.4M-74.2%
Coursera logo
CourseraCOUR
$43.7M+49.1%

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:ResearchAndDevelopmentExpense.

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
Cost of revenues81,71469,684160,585136,331
Gross profit216,740182,581429,836346,677
Operating expenses:
Research and development92,19573,670175,169144,060
Sales and marketing40,00729,56379,25656,225
General and administrative50,59345,98596,93989,435
Total operating expenses182,795149,218351,364289,720
Income from operations33,94533,36378,47256,957

Item 1. Financial Statements (Unaudited)

FAQ

What is Duolingo's R&D?
Duolingo (DUOL) reported R&D of $92.2M in Q2 2026.
How has Duolingo's R&D changed year-over-year?
Duolingo's R&D increased by 25.1% year-over-year, from $73.67M to $92.2M.
What is the long-term trend for Duolingo's R&D?
Over 4 years (2021 to 2025), Duolingo's R&D has grown at a 31.1% compound annual growth rate (CAGR), from $103.83M to $306.32M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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