DUOL · Duolingo, Inc.
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | FY2026 (G) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|---|
| $1.21B | $1.15B | $1.04BG | $748.02M | $531.11MG | $369.5MG | $250.77M | $161.7M | |
| — | $312.39M | $288.13M | $203.65M | $142.11M | $99.43M | $69.19M | $45.99M | |
| — | $832.62M | $749.46M | $544.38M | $389M | $270.06M | $181.59M | $115.71M | |
| — | — | 72.23% | 72.78% | 73.24% | 73.09% | 72.41% | 71.56% | |
| — | $337.43M | $306.32M | $235.3M | $194.35M | $150.44M | $103.83M | $53.02M | |
| — | $148.71M | $125.68M | $90.49M | $75.79M | $66.97M | $59.17M | $34.98M | |
| — | $189.39M | $181.89M | $155.99M | $132.12M | $117.85M | $78.59M | $43.71M | |
| — | — | $14.39M | $10.85M | $7.1M | $4.87M | $2.73M | $2.26M | |
| — | $675.53M | $613.89M | $481.78M | $402.26M | $335.26M | $241.59M | $131.72M | |
| — | $157.09M | $135.57M | $62.6M | -$13.26M | -$65.2M | -$60.01M | -$16.01M | |
| — | — | 13.07% | 8.37% | -2.5% | -17.64% | -23.93% | -9.9% | |
| — | — | $149.96M | $73.45M | -$6.16M | -$60.33M | -$57.28M | -$13.76M | |
| — | $47.03M | $45.23M | $42.7M | $31.09M | $7.24M | $19K | $231K | |
| — | -$2.25M | $1.61M | -$2.99M | -$55K | -$676K | $30K | $72K | |
| — | $201.87M | $182.41M | $102.31M | $17.78M | -$58.64M | -$59.96M | -$15.71M | |
| — | -$208.9M | -$231.66M | $13.73M | $1.71M | $938K | $177K | $68K | |
| — | $410.77M | $414.07M | $88.57M | $16.07M | -$59.57M | -$60.14M | -$15.78M | |
| — | — | 39.91% | 11.84% | 3.03% | -16.12% | -23.98% | -9.76% | |
| — | $410.77M | $414.07M | $88.57M | $16.07M | -$59.57M | -$60.14M | -$15.78M | |
| USD/shares | — | — | $9.05 | $2.04 | $0.39 | -$1.51 | -$2.57 | -$1.24 |
| USD/shares | — | — | $8.57 | $1.88 | $0.35 | -$1.51 | -$2.57 | -$1.24 |
| shares | — | — | — | — | — | 39.47M | 23.43M | 12.74M |
| shares | — | — | 48.31M | 47.1M | 46.52M | 39.47M | 23.43M | 12.74M |
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2020–FY2023: $868K in buybacks.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 80 similar-size Software - Application companies (of 210 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Geography (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Non Us | $645,375,000 | $436,485,000 | $292,350,000 | — | — | — |
| United States | $392,214,000 | $311,539,000 | $238,759,000 | $168,320,000 | $109,163,000 | $70,978,000 |
| United Kingdom | — | — | — | — | $25,163,000 | $15,245,000 |
| All Countries Minus USA and UK | — | — | — | $201,175,000 | $116,446,000 | $75,473,000 |
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| License And Service | $873,442,000 | $607,531,000 | $404,684,000 | $273,507,000 | $180,698,000 | $117,501,000 |
| Product And Service Other | $164,147,000 | $140,493,000 | $126,425,000 | $95,988,000 | $6,915,000 | $1,997,000 |
| Advertising | $79,725,000 | $54,907,000 | $49,858,000 | $44,731,000 | $38,501,000 | $27,043,000 |
| English Test | $42,006,000 | $45,640,000 | $41,212,000 | $32,718,000 | $24,658,000 | $15,155,000 |
| IAPs | $40,479,000 | $38,653,000 | $34,673,000 | — | — | — |
| Product and Service Other Miscellaneous | $1,937,000 | $1,293,000 | $682,000 | $625,000 | — | — |
| In-App Purchases | — | $38,653,000 | $34,673,000 | $17,914,000 | — | — |