Jun 2026 (Q2 FY26) — Aug 5, 2026
Duolingo Q2 FY26 — Strong DAU Growth and Increased Profitability Outlook
Read the full callDuolingo (DUOL) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Duolingo earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 298 | +18.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 11.4 | −1.9 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 33.2 | −26.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
$148.93 +6.58% · +$9.2
Performance −55.2% 1Y
1Y: $332.6 on 14 Oct 2025 → $148.93. High $341.08 (15 Oct 2025), low $90.03 (10 Apr 2026).
- Previous close
- $139.73
- 52-week range
- $90.03 – $341.08
- One year
- −56.34%
Overview
- Symbol
- DUOL
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Call summaries
Mar 2026 (Q1 FY26) — May 4, 2026
Duolingo Q1 FY26 — Strong DAU Growth and Strategic AI Investments
Read the full callDec 2025 (Q4 FY25) — Feb 26, 2026
Duolingo Q4 FY25 — Strategic Shift to User Growth and AI Investment
Read the full callEvery analysed call
Duolingo earnings calls (DUOL)
Financials
What the filings say
Net profit, year on year: −26% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 193 | 210 | 231 | 252 | 272 | 283 | 292 | 298 |
| Operating profit | 14 | 14 | 24 | 33 | 35 | 43 | 45 | 34 |
| Operating margin | 7.0% | 6.6% | 10.2% | 13.2% | 12.9% | 15.4% | 15.3% | 11.4% |
| Other income | 1 | -2 | 1 | 2 | -1 | -1 | -1 | -0 |
| Profit before tax | 25 | 22 | 35 | 46 | 46 | 55 | 56 | 45 |
| Tax rate | 8.0% | 37.8% | −0.4% | 3.6% | −529.1% | 23.0% | 21.8% | 26.9% |
| Net profit | 23 | 14 | 35 | 45 | 292 | 42 | 43 | 33 |
| EPS ($ per share) | 0.53 | — | 0.78 | 0.98 | 6.36 | — | 0.93 | 0.71 |
| Line item | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -111 | -171 | -230 | -214 | -126 | 288 |
| Total liabilities | 74 | 148 | 205 | 298 | 477 | 645 |
| Fixed assets | 6 | 8 | 13 | 12 | 19 | 36 |
| Total assets | 176 | 661 | 747 | 954 | 1,302 | 1,992 |
| Line item | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Cash from operations | 18 | 9 | 54 | 154 | 286 | 388 |
| Cash from investing | -4 | -6 | -14 | -14 | -217 | -108 |
| Cash from financing | 47 | 430 | 15 | 2 | -30 | -30 |
| Net cash flow | 61 | 433 | 54 | 142 | 38 | 251 |
| Capital expenditure | -3 | -4 | -6 | -3 | -12 | -18 |
| Free cash flow | 14 | 6 | 48 | 150 | 273 | 370 |
DUOL revenue by segment
License and Service grew from 82% to 86% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| License and Service | 82% | 83% | 83% | 84% | 84% | 86% | 86% | 86% | +22.5% |
| Advertising | 7% | 7% | 8% | 8% | 8% | 7% | — | 7% | +2.2% |
| English Test | 6% | 5% | 5% | 4% | 4% | 4% | 4% | 3% | +0.2% |
| In App Purchases | 5% | 4% | 4% | 4% | 4% | — | 3% | 3% | -23.0% |
| Product and Service Other | — | — | — | — | — | — | <1% | <1% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
145 filings between Oct 20, 2025 and Oct 10, 2026.
Open market
decisions to buy or sellPurchases
$498.8K
1 purchase by 1 insider
Sales
$50.61M
100 sales by 7 insiders
95% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 21
- Award — granted as compensation
- 9
- Option exercise — converted options into shares
Also filed: 12 conversions, 2 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| von Ahn Luis | — | $34.15M | Oct 7, 2026 |
| Hacker Severin | — | $7.51M | Nov 19, 2025 |
| Glance Natalie | — | $2.64M | Aug 18, 2026 |
| Chen Stephen C. | — | $2.46M | Sep 14, 2026 |
| Skaruppa Matthew | — | $1.69M | Feb 18, 2026 |
| GORDON WILLIAM B | — | $1.46M | Sep 8, 2026 |
| Meese Robert | — | $701.1K | Aug 17, 2026 |
| Shelton James H | $498.8K | — | Mar 3, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 10, 2026 | Shelton James H Director | Award | 100 | $15.0K |
| Oct 10, 2026 | Bohutinsky Amy Director | Award | 108 | $16.2K |
| Oct 10, 2026 | Schlosser Mario Director | Award | 116 | $17.4K |
| Oct 10, 2026 | Lilly III John Osborne Director | Award | 98 | $14.7K |
| Oct 7, 2026 | von Ahn Luis President & CEO, Co-Founder | Sale 10b5-1 plan | 29,871 | $4.55M |
| Oct 7, 2026 | von Ahn Luis President & CEO, Co-Founder | Conversion 10b5-1 plan | 110,046 | $4.19M |
| Oct 7, 2026 | von Ahn Luis President & CEO, Co-Founder | Sale 10b5-1 plan | 20,025 | $3.02M |
| Oct 7, 2026 | von Ahn Luis President & CEO, Co-Founder | Sale 10b5-1 plan | 5,114 | $783.8K |
| Oct 7, 2026 | von Ahn Luis President & CEO, Co-Founder | Sale 10b5-1 plan | 55,036 | $8.34M |
| Sep 24, 2026 | von Ahn Luis President & CEO, Co-Founder | Conversion 10b5-1 plan | 46,682 | $1.78M |
| Sep 24, 2026 | von Ahn Luis President & CEO, Co-Founder | Sale 10b5-1 plan | 900 | $137.1K |
| Sep 24, 2026 | von Ahn Luis President & CEO, Co-Founder | Sale 10b5-1 plan | 7,024 | $1.06M |
| Sep 24, 2026 | von Ahn Luis President & CEO, Co-Founder | Sale 10b5-1 plan | 38,758 | $5.83M |
| Sep 22, 2026 | von Ahn Luis President & CEO, Co-Founder | Sale 10b5-1 plan | 200 | $30.0K |
| Sep 22, 2026 | von Ahn Luis President & CEO, Co-Founder | Conversion 10b5-1 plan | 3,614 | $137.6K |
| Sep 22, 2026 | von Ahn Luis President & CEO, Co-Founder | Sale 10b5-1 plan | 3,414 | $519.0K |
| Sep 21, 2026 | von Ahn Luis President & CEO, Co-Founder | Conversion 10b5-1 plan | 27,960 | $403.2K |
| Sep 21, 2026 | von Ahn Luis President & CEO, Co-Founder | Conversion 10b5-1 plan | 9,406 | $358.2K |
| Sep 21, 2026 | von Ahn Luis President & CEO, Co-Founder | Sale 10b5-1 plan | 33,257 | $5.00M |
| Sep 21, 2026 | von Ahn Luis President & CEO, Co-Founder | Sale 10b5-1 plan | 4,109 | $620.7K |
| Sep 16, 2026 | von Ahn Luis President & CEO, Co-Founder | Sale 10b5-1 plan | 1,020 | $154.6K |
| Sep 16, 2026 | von Ahn Luis President & CEO, Co-Founder | Conversion 10b5-1 plan | 5,252 | $200.0K |
| Sep 16, 2026 | von Ahn Luis President & CEO, Co-Founder | Sale 10b5-1 plan | 27,272 | $4.10M |
| Sep 16, 2026 | von Ahn Luis President & CEO, Co-Founder | Conversion 10b5-1 plan | 23,040 | $332.2K |
| Sep 14, 2026 | Chen Stephen C. General Counsel | Sale 10b5-1 plan | 2,107 | $310.6K |
| Sep 14, 2026 | Chen Stephen C. General Counsel | Sale 10b5-1 plan | 5,965 | $894.8K |
| Sep 8, 2026 | GORDON WILLIAM B Director | Sale 10b5-1 plan | 2,675 | $392.1K |
| Sep 8, 2026 | GORDON WILLIAM B Director | Sale 10b5-1 plan | 100 | $15.2K |
| Sep 8, 2026 | GORDON WILLIAM B Director | Sale 10b5-1 plan | 800 | $115.1K |
| Sep 8, 2026 | GORDON WILLIAM B Director | Sale 10b5-1 plan | 2,742 | $396.5K |
| Sep 8, 2026 | GORDON WILLIAM B Director | Sale 10b5-1 plan | 3,483 | $508.2K |
| Sep 8, 2026 | GORDON WILLIAM B Director | Sale 10b5-1 plan | 200 | $29.7K |
| Aug 18, 2026 | Glance Natalie Chief Engineering Officer | Sale 10b5-1 plan | 1,037 | $143.3K |
| Aug 18, 2026 | Glance Natalie Chief Engineering Officer | Sale 10b5-1 plan | 502 | $68.8K |
| Aug 17, 2026 | Chen Stephen C. General Counsel | Sale | 1,024 | $132.2K |
| Aug 17, 2026 | Glance Natalie Chief Engineering Officer | Sale 10b5-1 plan | 2,751 | $355.2K |
| Aug 17, 2026 | Meese Robert Chief Business Officer | Sale | 1,354 | $174.8K |
| Aug 10, 2026 | KRAWCHECK SALLIE Director | Award | 3,280 | $0 |
| Aug 10, 2026 | KRAWCHECK SALLIE Director | Award | 1,312 | $0 |
| Jul 10, 2026 | Lilly III John Osborne Director | Award | 118 | $14.7K |
| Jul 10, 2026 | Shelton James H Director | Award | 120 | $15.0K |
| Jul 10, 2026 | Bohutinsky Amy Director | Award | 130 | $16.2K |
| Jul 10, 2026 | Schlosser Mario Director | Award | 140 | $17.5K |
| Jun 17, 2026 | Chen Stephen C. General Counsel | Option exercise | 58 | $836 |
| Jun 3, 2026 | Ross Bonnie Director | Award | 2,001 | $0 |
| Jun 3, 2026 | Lilly III John Osborne Director | Award | 2,001 | $0 |
| Jun 3, 2026 | Bohutinsky Amy Director | Award | 2,001 | $0 |
| Jun 3, 2026 | Schlosser Mario Director | Award | 2,001 | $0 |
| Jun 3, 2026 | Shelton James H Director | Award | 2,001 | $0 |
| Jun 3, 2026 | Clemens Sara Director | Award | 2,001 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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