Welcome to our dedicated page for Duolingo SEC filings (Ticker: DUOL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Duolingo, Inc.'s SEC filings document its Nasdaq-listed Class A common stock, operating results furnished on Form 8-K, and governance matters presented through proxy materials. The filings cover quarterly and annual financial-result releases, preliminary operating metrics, shareholder-letter exhibits and amendments to furnished earnings materials.
Duolingo filings also record capital-allocation disclosures, including a share repurchase authorization, and public-company governance items such as annual meeting proposals, board and committee matters, executive compensation, equity awards and leadership appointments. These records describe the company's reporting controls, stockholder voting framework and corporate actions as a public mobile learning platform.
Duolingo, Inc. filed an initial statement of beneficial ownership for Sallie Krawcheck, identified as a director of the company. The filing does not list any reportable transactions or equity holdings, serving primarily to register her status as a reporting person for future ownership disclosures.
AQR Capital Management, LLC and AQR Capital Management Holdings, LLC report beneficial ownership of Class A common stock of Duolingo, Inc..
They report beneficial ownership of 2,332,543 shares, representing 5.8% of the Class A common stock. The firms have shared voting power over 2,281,939 shares and shared dispositive power over 2,332,543 shares, with no sole voting or dispositive power reported.
Duolingo, Inc. expanded its Board of Directors from nine to ten members and appointed Sallie Krawcheck as an independent Class I director, effective August 10, 2026. She will serve on the Board’s Audit, Risk and Compliance Committee, with a term running until the 2028 annual stockholders’ meeting, subject to customary conditions.
Her compensation under Duolingo’s Non-Employee Director Compensation Program includes annual cash retainers of $45,000 for Board service and $10,000 for Audit Committee service, plus equity awards: an initial RSU grant valued at $450,000, a prorated annual RSU award valued at $180,000, and, subject to tenure conditions, ongoing annual RSU awards valued at $215,000, each converted into RSUs based on the closing price of Duolingo’s Class A common stock and vesting over one to three years with continued service.
Duolingo highlighted Ms. Krawcheck’s three decades of senior financial and operating experience, including founding Ellevest, which she led to $2.4 billion in assets under management, and prior roles as Chief Financial Officer of Citigroup and Chief Executive Officer of several major wealth management businesses.
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 reported Q2 2026 results showing strong user and revenue growth alongside lower profitability. Daily active users rose 23% year over year to 58.7 million and paid subscribers grew 17% to 12.7 million. Revenue increased 18% to $298.5 million, while total bookings grew 8% to $289.1 million.
Net income declined to $33.2 million, down from $44.8 million a year earlier, and Adjusted EBITDA was $77.3 million for a 25.9% margin versus 31.2% last year. Free cash flow was $78.6 million, and cash and short-term investments totaled approximately $1.3 billion.
Management reaffirmed full-year 2026 bookings and revenue growth targets and raised its Adjusted EBITDA margin outlook to 26.5%. The company highlighted product experimentation, marketing initiatives, and a one-time streak revival event, which saw 15.4 million learners restore streaks, as key drivers of engagement.
Vanguard Capital Management reports beneficial ownership of Duolingo Inc common stock on behalf of various Vanguard-affiliated entities and client accounts. Vanguard Capital Management and specified affiliates collectively hold 2,054,884 shares of Duolingo common stock, representing 5.1% of the class as of June 30, 2026.
Within this position, Vanguard has sole voting power over 309,195 shares and sole dispositive power over 2,054,884 shares, with no shared voting or dispositive power. The position includes securities held by Vanguard funds and other client accounts for which these Vanguard entities exercise voting and/or investment discretion. No single other person has an interest in more than 5% of the Duolingo shares reported.
Shelton James H reported acquisition or exercise transactions in this Form 4 filing.
Duolingo director James H. Shelton received a fully vested grant of 120 restricted stock units tied to Class A Common Stock on July 10, 2026, in lieu of cash retainers under the Non-Employee Director Compensation Program. Each RSU represents one share, bringing his direct holdings to 11,753 shares.
Bohutinsky Amy reported acquisition or exercise transactions in this Form 4 filing.
Duolingo director Amy Bohutinsky received an equity compensation award of 130 fully vested restricted stock units (RSUs), each representing one share of Class A Common Stock, in lieu of cash retainers under the company’s Non-Employee Director Compensation Program. The award is valued at $124.76 per share and brings her direct holdings to 7,658 shares of Class A Common Stock.
Schlosser Mario reported acquisition or exercise transactions in this Form 4 filing.
Duolingo, Inc. director Mario Schlosser received an equity compensation award of 140 shares of Class A Common Stock through fully vested restricted stock units in lieu of cash retainers under the company’s Non-Employee Director Compensation Program, at a reported value of $124.76 per share, bringing his directly held stake to 4,262 shares.
Lilly III John Osborne reported acquisition or exercise transactions in this Form 4 filing.
Duolingo, Inc. director John Osborne Lilly III reported a compensatory equity award rather than an open-market trade. He received 118 fully vested restricted stock units (RSUs) of Class A Common Stock in lieu of cash retainers under the Amended and Restated Non-Employee Director Compensation Program. Each RSU represents one share to be settled on a date he selects under the program or as otherwise provided. Following this award, he directly holds 9,023 shares of Class A Common Stock.