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. 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.
Duolingo director James H. Shelton bought 5,000 shares of Class A Common Stock in an open-market purchase at a weighted average price of $99.7584 per share on March 3, 2026. After this transaction, he directly owns 9,632 Duolingo Class A shares.
Duolingo, Inc. Chief Engineering Officer Natalie Glance reported exercising stock options and acquiring Class A common shares. On February 27, 2026, she exercised options covering 11,834 and 12,418 shares, at exercise prices of $5.00 and $7.11 per share. Following these transactions, she directly held 139,632 Class A shares, with an additional 130 shares held indirectly by her son.
Duolingo, Inc. corrected a typographical error in its prior shareholder letter and confirmed full-year 2025 net income of $414.1 million. For 2025, revenue reached $1.04 billion, up 39% year over year, with daily active users rising to 52.7 million, a 30% increase.
Adjusted EBITDA was $305.9 million with a 29.5% margin, and free cash flow was $360.4 million. The company ended 2025 with $1.04 billion in cash and cash equivalents and no debt, and its board authorized a $400 million share repurchase program.
Looking to 2026, Duolingo plans to prioritize user growth and product improvements over near-term monetization, guiding to bookings growth of 10–12%, revenue growth of 15–18%, and an Adjusted EBITDA margin of about 25%, with expected DAU growth of around 20%.
Duolingo, Inc. files its annual report describing a large, fast‑growing digital education platform built around a freemium model. As of June 28, 2025, non‑affiliate market value was about $13.34 billion, and as of February 25, 2026, there were 40.6 million Class A and 6.4 million Class B shares outstanding.
The company reports more than 130 million monthly active users and offers over 250 language courses, plus math, music and chess, with around 2 billion exercises completed daily. About 9% of monthly active users were paid subscribers at December 31, 2025, supporting subscription‑driven revenue alongside advertising and the Duolingo English Test, which is accepted by over 6,100 education programs.
Management highlights heavy use of AI, A/B testing and a shared cloud infrastructure, along with a mission‑driven culture and over 900 employees. Key risks include intense competition, dependence on Apple and Google app stores and cloud vendors, data‑privacy regulation worldwide, accuracy of internal metrics, brand and social‑media execution, and the dual‑class share structure that concentrates voting power.
Duolingo reported strong 2025 growth and a major capital return move. Full-year revenue rose to $1,037.6M, up 39%, with total bookings of $1,158.4M, up 33%. Daily active users reached 52.7 million in Q4, up 30%, and paid subscribers grew 28% to 12.2 million.
Net income was $414.1M, boosted by a one-time $256.7M tax benefit, while Adjusted EBITDA climbed to $305.9M with a 29.5% margin. Free cash flow was $360.4M and cash and equivalents reached $1.04B, with no debt.
The company is shifting strategy in 2026 to prioritize user growth and AI-driven learning over near-term financial gains, targeting about 20% DAU growth and bookings growth of 10–12% with an Adjusted EBITDA margin near 25%. The board also authorized a share repurchase program of up to $400M, with no expiration date.