FY2025 · ended Dec 31, 2025 · Revenue $1.04B, +38.7% YoY · Filed Feb 27, 2026
Duolingo, Inc. (DUOL) files with the SEC under industry code 7372, Services-Prepackaged Software. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $1.0 billion and net income of $414.1 million. Free cash flow was $369.7 million. As of Sep 30, 2026 it held $1.3 billion in cash and investments and $84.2 million in total debt.
Revenue (TTM)
$1.18B
+22.6% vs year-ago TTM
Net income (TTM)
$145.74M
-62.2% vs year-ago TTM
Operating cash flow (TTM)
$435.75M
+19.7% vs year-ago TTM
Free cash flow (TTM)
$407.02M
+14.8% vs year-ago TTM
EPS (TTM)
$2.97
-63.1% vs year-ago TTM
Dividend per share
None
Shares outstanding
12.79M
Net cash
$1.27B
as of Sep 30, 2026
Operating margin
12.4%
FY 2026
Company profile
- Industry
- Services-Prepackaged Software (SIC 7372)
- Listed as
- DUOL (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Pittsburgh, PA
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1562088
Other Services-Prepackaged Software companies
- Microsoft Corp MSFT
- Palantir Technologies Inc. PLTR
- Oracle Corp ORCL
- Sap SE SAP
- CrowdStrike Holdings, Inc. CRWD
- Shopify Inc. SHOP
- Salesforce, Inc. CRM
- ServiceNow, Inc. NOW
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $1.0B | $748.0M | $531.1M | $369.5M | $250.8M |
| Operating income | $135.6M | $62.6M | -$13.3M | -$65.2M | -$60.0M |
| Net income | $414.1M | $88.6M | $16.1M | -$59.6M | -$60.1M |
| Diluted EPS | $8.57 | $1.88 | $0.35 | -$1.51 | -$2.57 |
| Operating cash flow | $387.8M | $285.5M | $153.6M | $53.7M | $9.2M |
| Free cash flow | $369.7M | $273.4M | $150.4M | $48.1M | $5.6M |
| Total assets | $2.0B | $1.3B | $954.0M | $747.3M | $661.3M |
| Total liabilities | $645.2M | $477.2M | $298.5M | $205.3M | $148.3M |
| Stockholders' equity | $1.3B | $824.5M | $655.5M | $542.1M | $513.1M |
| Cash and investments | $1.2B | $884.1M | $747.6M | $608.2M | $553.9M |
| Total debt | $101.0M | $57.2M | $25.0M | $28.4M | $32.5M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Nov 4, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Nov 3, 2026 | Nov 3, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
Aug 19, 2026 | Aug 18, 2026 |
| 8-K |
Current report
Officer or director change, Regulation FD disclosure
|
Aug 10, 2026 | Aug 10, 2026 |
| 10-Q | Quarterly report | Aug 6, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 5, 2026 | Aug 5, 2026 |
All 789 Duolingo, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.