The financials
Duolingo, Inc. by the numbers
Duolingo, Inc. (DUOL) reported revenue of $292M in Q1 2026 (quarter ended March 31, 2026), up 27% from the same quarter a year earlier. That came with a gross margin of 73% and net income of $43M (15% of revenue). For the full year FY2025, revenue was $1.04B (+39% year on year) and net income $414M. Its largest product in 2026-Q1 was License And Service at $251M, 86% of the disclosed total, just ahead of Advertising at 7.1%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $292M | $231M | +27% |
| Gross profit | $213M | $164M | +30% |
| Operating income | $45M | $24M | +89% |
| Net income | $43M | $35M | +24% |
| Diluted EPS | $0.89 | $0.72 | +24% |
| Product | Revenue | Share |
|---|---|---|
| License And Service | $251M | 86% |
| Advertising | $21M | 7.1% |
| English Test | $11M | 3.9% |
| In App Purchases | $8.4M | 2.9% |
| Product And Service Other | $682K | 0.2% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $292.0M (-7.0%)
Product And Service Other grew +53% year on yearIn App Purchases -11% year on year
Segment Latestquarter on quarteryear on year
- License And Service$250.9M$250.9MQoQ +9.3%year on year +31%+9.3%+31%
- Advertising$20.6M$20.6MQoQ -1.9%year on year +15%-1.9%+15%
- English Test$11.3M$11.3MQoQ +17%year on year -5.6%+17%-5.6%
- In App Purchases$8.4M$8.4MQoQ -24%year on year -11%-24%-11%
- Product And Service Other$682.0K$682.0KQoQ -98%year on year +53%-98%+53%
- Product And Service Other Miscellaneous--QoQ -year on year ---
Software - Application
Ranks #14 of 90 by Smart Score