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Duolingo, Inc. (DUOL) stock

DUOLNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026Score 18/3043% below fair value
$131.59−4.80 (-3.52%)

Close on Oct 30, 2026Market cap $6.16BP/E 15.7Yield –

Earnings

Duolingo's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report
Nov 4, 2026
Q3 FY2026 · estimated, after the close
Revenue, Q3 FY2024
$192.60M
+40.0% on a year earlier
EPS, Q3 FY2024
$0.49
$0.06 a year earlier
Latest guidance
Issued
Nov 6, 2024 · 4 items

Quarterly results

Revenue and earnings per share from each of Duolingo's earnings releases, newest first

QuarterReportedRevenueYoYEPSSource
Q3 FY2026ended Sep 30, 2026Nov 4, 2026Expected––––
Q2 FY2026ended Jun 30, 2026Aug 5, 2026after the close–––Release
Q1 FY2026ended Mar 31, 2026May 4, 2026after the close–––Release
Q4 FY2025ended Dec 31, 2025Feb 26, 2026after the close–––Release
Q3 FY2025ended Sep 30, 2025Nov 5, 2025after the close–––Release
Q2 FY2025ended Jun 30, 2025Aug 6, 2025after the close–––Release
Q1 FY2025ended Mar 31, 2025May 1, 2025after the close–––Release
Q4 FY2024ended Dec 31, 2024Feb 27, 2025after the close–––Release
Q3 FY2024ended Sep 30, 2024Nov 6, 2024after the close$192.60M+40.0%$0.49Release
Q2 FY2024ended Jun 30, 2024Aug 7, 2024after the close$178.30M+40.6%$0.51Release
Q1 FY2024ended Mar 31, 2024May 8, 2024after the close$167.60M+44.9%$0.57Release
Q4 FY2023ended Dec 31, 2023Feb 28, 2024after the close$151.00M+45.5%$0.26Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Duolingo's latest outlook for periods it has not reported yet, compared with what it said before

MetricPeriodGuidanceBeforeChangeGiven
RevenuesQ4 FY2024$202.50M – $205.50M–NewNov 6, 2024
Adjusted EBITDA Marginnon-GAAPQ4 FY202424% – 24.7%–NewNov 6, 2024
Adjusted EBITDAnon-GAAPQ4 FY2024$48.60M – $50.80M–NewNov 6, 2024
Total BookingsQ4 FY2024$244.50M – $247.50M–NewNov 6, 2024
RevenuesGAAPFY2024$731.30M – $738.30M$726.50M – $735.50MRaisedAug 7, 2024
Adjusted EBITDAnon-GAAPFY2024$175.50M – $184.60M$167.10M – $176.50MRaisedAug 7, 2024
Adjusted EBITDA Marginnon-GAAPFY202424% – 25%23% – 24%RaisedAug 7, 2024
Total BookingsFY2024$820.50M – $827.50M$808.50M – $817.50MRaisedAug 7, 2024

Guidance vs results

The last range Duolingo gave before each report, against the figure it then reported. Full years add up the four quarters.

PeriodMetricGuidanceActualResult
Q3 FY2024Revenue$186.70M – $189.70M$192.60MAbove range
Q2 FY2024Revenue$175.00M – $177.50M$178.30MAbove range
Q1 FY2024Revenue$164.00M – $167.00M$167.60MAbove range
Q4 FY2023Revenue$145.00M – $148.00M$151.00MAbove range
Q3 FY2023Revenue$129.50M – $132.50M$137.60MAbove range
Q2 FY2023Revenue$122.00M – $125.00M$126.80MAbove range
Q1 FY2023Revenue$111.00M – $114.00M$115.70MAbove range
Q4 FY2022Revenue$98.00M – $101.00M$103.80MAbove range
Q3 FY2022Revenue$93.00M – $96.00M$96.10MAbove range
Q2 FY2022Revenue$84.00M – $87.00M$88.40MAbove range
Q1 FY2022Revenue$75.50M – $78.50M$81.20MAbove range
Q4 FY2021Revenue$66.50M – $69.50M$73.00MAbove range

Guidance history

Every forecast Duolingo put in an earnings release, newest first

GivenMetricPeriodGuidanceChange
Nov 6, 2024Adjusted EBITDAQ4 FY2024$48.60M – $50.80MNew
Nov 6, 2024Adjusted EBITDA MarginQ4 FY202424% – 24.7%New
Nov 6, 2024Total BookingsQ4 FY2024$244.50M – $247.50MNew
Nov 6, 2024RevenuesQ4 FY2024$202.50M – $205.50MNew
Aug 7, 2024Adjusted EBITDAQ3 FY2024$40.10M – $42.70MNew
Aug 7, 2024Adjusted EBITDAFY2024$175.50M – $184.60MRaised
Aug 7, 2024Adjusted EBITDA MarginQ3 FY202421.5% – 22.5%New
Aug 7, 2024Total BookingsQ3 FY2024$194.50M – $197.50MNew
Aug 7, 2024Adjusted EBITDA MarginFY202424% – 25%Raised
Aug 7, 2024Total BookingsFY2024$820.50M – $827.50MRaised
Aug 7, 2024RevenuesQ3 FY2024$186.70M – $189.70MNew
Aug 7, 2024RevenuesFY2024$731.30M – $738.30MRaised
May 8, 2024Adjusted EBITDAQ2 FY2024$36.80M – $39.10MNew
May 8, 2024Adjusted EBITDAFY2024$167.10M – $176.50MRaised
May 8, 2024Adjusted EBITDA MarginQ2 FY202421% – 22%New
May 8, 2024Total BookingsQ2 FY2024$179.00M – $181.50MNew
May 8, 2024Adjusted EBITDA MarginFY202423% – 24%Raised
May 8, 2024Total BookingsFY2024$808.50M – $817.50MRaised
May 8, 2024RevenuesQ2 FY2024$175.00M – $177.50MNew
May 8, 2024RevenuesFY2024$726.50M – $735.50MRaised

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.

Press releases

Releases Duolingo filed with the SEC as exhibits to Form 8-K or 6-K

  1. Duolingo Appoints Sallie Krawcheck to Board of Directors
    Update
  2. Duolingo Reports Second Quarter 2026 Results
    Results
  3. and make it universally available.
    Results
  4. Duolingo Reports First Quarter 2026 Results
    Results
  5. and make it universally available.
    Results
  6. and make it universally available.
    Results
  7. Duolingo Reports Fourth Quarter and Full Year 2025 Results
    Results
  8. and make it universally available.
    Results
  9. GILLIAN MUNSON, BOARD MEMBER & CHAIR OF AUDIT COMMITTEE, TO BECOME CFO
    Results
  10. Duolingo Surpasses 50 Million Daily Active Users, Grows DAU 36% and Revenue 41% in Third Quarter 2025 Year over Year
    Results
  11. and make it universally available.
    Results
  12. Duolingo Reports 41% Revenue Growth, 46% Subscription Revenue Growth and Record Profitability in Second Quarter 2025; Raises Full-Year Guidance
    Results
  13. and make it universally available.
    Results
  14. Duolingo Adds Record Number of DAUs, Surpasses 10 Million Paid Subscribers, and Reports 38% Year-over-Year Revenue Growth in First Quarter 2025
    Results
  15. and make it universally available.
    Results