Duolingo, Inc. SEC Filings

Duolingo, Inc.’s General Counsel Stephen C. Chen exercised stock options to acquire 648 shares of Class A Common Stock on May 12, 2026. The options had an exercise price of $14.42 per share. After this transaction, Chen directly holds 31,193 Class A shares.

The exercised options related to a fully vested grant, and 58 stock options remain outstanding and exercisable under the same award, which is scheduled to expire on March 10, 2030. No open-market purchases or sales were reported in this filing.

Duolingo Inc. Schedule 13G/A reports that FMR LLC beneficially owns 1,093,338.54 shares of Class A common stock, representing 2.7% of the class. The filing states this is ownership of 5 percent or less of a class and notes other persons may have rights to dividends or proceeds; no other person holds more than 5%.

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 reported strong first quarter 2026 results, with revenue rising to $291.9 million, up 27% year over year, and daily active users increasing 21% to 56.5 million. Paid subscribers also grew 21% to 12.5 million, showing continued expansion of its paying user base.

Net income reached $43.5 million and Adjusted EBITDA was $83.4 million with a 28.6% margin, while free cash flow was $147.8 million, a 50.6% margin. The company ended the quarter with $1.1 billion in cash and cash equivalents and has repurchased about 514,000 shares under its $400 million buyback program.

For 2026, Duolingo targets bookings of $1.28 billion and revenue of $1.205 billion, implying mid‑teens growth, and expects an Adjusted EBITDA margin of about 25.7% while investing in AI-driven content, new subjects, and speaking-focused product features.

Duolingo, Inc. files its Annual Report on Form 10-K for the fiscal year ended December 31, 2025, describing its business, strategy, risks, and operating metrics. The company reports about 130 million monthly active users and that approximately 9% of MAUs are paid subscribers. The filing emphasizes heavy reliance on Apple and Google app stores for distribution and payments, dependence on third-party cloud providers (noting an October 20, 2025 AWS outage that left services offline), ongoing investments in AI-powered features (including Duolingo Max), and extensive regulatory and data-privacy risks across jurisdictions.

Duolingo, Inc. is asking stockholders to vote at its virtual 2026 annual meeting on June 3, 2026. Proposals include electing three Class II directors through 2029, ratifying Deloitte & Touche LLP as auditor for 2026, and approving executive pay on an advisory basis.

The proxy also highlights 2025 performance, with revenue of $1,037.6 million, bookings of $1,158.4 million, subscription bookings of $996.3 million, net income of $414.1 million and adjusted EBITDA of $305.9 million. Duolingo describes its dual‑class share structure, board committees, governance policies, ESG initiatives and a simple pay program focused on salary and RSU equity.

Munson Gillian reported acquisition or exercise transactions in this Form 4 filing.

Duolingo, Inc. reported that Chief Financial Officer Gillian Munson received a grant of 133,753 restricted stock units (RSUs) of Class A Common Stock. Each RSU represents the right to receive one share upon vesting. Following this award, she directly holds 137,662 Class A shares.

The RSUs vest over four years, with 25% vesting on February 15, 2027 and the remaining units vesting in equal quarterly installments after that date, subject to her continued service. This is a compensation-related equity award, not an open-market stock purchase or sale.

Duolingo Inc. — The Vanguard Group files Amendment No. 2 to Schedule 13G/A reporting 0% ownership. The filing states amount beneficially owned: 0 and percent of class: 0% as reported in the amendment. The filing explains an internal realignment of The Vanguard Group on January 12, 2026 that caused certain subsidiaries and business divisions to report beneficial ownership separately in reliance on SEC Release No. 34-39538. The form is signed by Ashley Grim, Head of Global Fund Administration on 03/26/2026.

Duolingo, Inc. Chief Business Officer Robert Meese exercised stock options to acquire 30,000 shares of Class A Common Stock. On March 13, 2026, he exercised options for 4,375 shares at $8.15, 5,625 shares at $14.42, and 20,000 shares at $22.91 per share.

These exercises converted derivative awards into regular shares without any reported open-market sales. Following the transactions, Meese holds 152,636 Class A shares directly, along with additional indirect holdings in qualified minor’s trusts for Eliot and Isaac Meese.