Every 10-Q that Duolingo, Inc. (DUOL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow DUOL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full DUOL filings page.
Duolingo, Inc. reported revenue of $298,454 thousand for the quarter ended June 30, 2026, up 18% from $252,265 thousand a year earlier. Net income was $33,158 thousand, down from $44,781 thousand, as operating expenses grew faster than revenue and the income tax provision increased to $12,208 thousand.
Engagement remained strong, with 58.7 million daily active users and 12.7 million paid subscribers, up 23% and 17% year over year. Gross margin was about 73%, supported by lower per-unit third‑party AI costs. Subscription revenue rose 22% to $258,035 thousand, while in‑app purchase revenue declined.
For the first half of 2026, Duolingo generated $239,031 thousand in net cash from operating activities and free cash flow of $226,416 thousand. Cash and cash equivalents were $1,180,887 thousand and short‑term investments $132,979 thousand at June 30, 2026. The company repurchased roughly 695 thousand Class A shares for $70,278 thousand, with $329,722 thousand remaining under its $400,000 thousand authorization.
Duolingo delivered strong growth and profitability in the quarter ended March 31, 2026. Revenue rose to $291.97M, up 27% year over year, driven mainly by subscription revenue of $250.91M, which increased 31% on higher paid subscriber counts and modestly higher average revenue per user.
Net income increased to $43.46M, a 24% gain, while Adjusted EBITDA grew to $83.43M, up from $62.80M, reflecting expanding gross margin of 73% and operating leverage. Free cash flow reached $147.79M, supported by rising deferred revenue of $513.26M.
Daily active users climbed 21% to 56.5 million, and paid subscribers grew 21% to 12.5 million, showing continued engagement and monetization. Duolingo ended the quarter with $1.14B in cash and cash equivalents plus $113.05M in short-term investments, and began a $400M share repurchase program, buying 262,324 Class A shares for about $25.8M.
Duolingo, Inc. reported strong Q3 results. Revenue rose to $271.7 million from $192.6 million a year ago as subscriptions and other revenue streams grew. Net income jumped to $292.2 million, primarily due to a one-time income-tax benefit from the release of a valuation allowance on deferred tax assets.
Operational momentum continued: monthly active users reached 135.3 million, daily active users hit 50.5 million, and paid subscribers grew to 11.5 million. Adjusted EBITDA increased to $80.0 million, reflecting scale benefits while the company continued investing in R&D and growth.
The balance sheet strengthened with $1.01 billion in cash and cash equivalents and $441.7 million in deferred revenue, supporting future revenue recognition. Duolingo closed a July 2025 acquisition for $33.1 million cash (goodwill $24.8 million), and expanded its Pittsburgh headquarters lease through 2036, adding a right‑of‑use asset of $35.6 million.