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Duolingo, Inc. (DUOL) operating KPIs

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 –

Duolingo paid subscriber penetration — subscribers as % of average MAUs over the last twelve months (stated) (%)

Letter highlights Q3 2023 → Q3 2025 (with prior-year comparatives back to Q3 2022); Q4 values from the 10-K MD&A. Not stated in 2026 as MAUs became a supplementary metric.

Latest, Q4 2025
9.2%
Period ended Dec 31, 2025
Change on a year earlier
+0.4 pts
8.8% in Q4 2024
History
15 quarters
Since Q4 2021
Sources
11
Documents cited below

Quarterly history

Hover a value to see the sentence it was read from; calculated values show their formula

PeriodEndedPaid subscriber penetration — subscribers as % of average MAUs over the last twelve months (stated) (%)Year on yearSource
Q4 2025Dec 31, 20259.2%+0.4 ptsDuolingo Form 10-K, filed 2026-02-27 ↗
Q3 2025Sep 30, 20259.0%+0.5 ptsDuolingo Shareholder letter (Form 8-K, EX-99), filed 2025-11-05 ↗
Q2 2025Jun 30, 20259.0%+0.4 ptsDuolingo Shareholder letter (Form 8-K, EX-99), filed 2025-08-06 ↗
Q1 2025Mar 31, 20258.9%+0.3 ptsDuolingo Shareholder letter (Form 8-K, EX-99), filed 2025-05-01 ↗
Q4 2024Dec 31, 20248.8%+0.5 ptsDuolingo Earnings release (Form 8-K, EX-99.1), filed 2025-02-27 ↗
Q3 2024Sep 30, 20248.5%+0.5 ptsDuolingo Earnings release (Form 8-K, EX-99.1), filed 2024-11-06 ↗
Q2 2024Jun 30, 20248.6%+0.7 ptsDuolingo Earnings release (Form 8-K, EX-99.1), filed 2024-08-07 ↗
Q1 2024Mar 31, 20248.6%+0.6 ptsDuolingo Shareholder letter (Form 8-K, EX-99), filed 2024-05-08 ↗
Q4 2023Dec 31, 20238.3%+0.5 ptsDuolingo Shareholder letter (Form 8-K, EX-99), filed 2024-02-28 ↗
Q3 2023Sep 30, 20238.0%+0.6 ptsDuolingo Shareholder letter (Form 8-K, EX-99), filed 2023-11-08 ↗
Q2 2023Jun 30, 20237.9%–Duolingo Earnings release (Form 8-K, EX-99.1), filed 2024-08-07 ↗
Q1 2023Mar 31, 20238.0%–Duolingo Shareholder letter (Form 8-K, EX-99), filed 2024-05-08 ↗
Q4 2022Dec 31, 20227.8%+1.6 ptsDuolingo Shareholder letter (Form 8-K, EX-99), filed 2024-02-28 ↗
Q3 2022Sep 30, 20227.4%–Duolingo Shareholder letter (Form 8-K, EX-99), filed 2023-11-08 ↗
Q4 2021Dec 31, 20216.2%–Duolingo Form 10-K, filed 2023-03-01 ↗

Cite this data

StockData. (2026). Duolingo Paid subscriber penetration — subscribers as % of average MAUs over the last twelve months (stated) (%), quarterly Q4 2021–Q4 2025 [Data set]. Compiled from Duolingo SEC filings and investor materials. https://stockdatahq.com/stocks/duol/kpis/subs-pen

See every metric in the Duolingo KPI table. Data updated Oct 23, 2026.