Duolingo, Inc.

DUOL 10-Q · Q1 2026

DUOL Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Revenue (Q) — — —
Show Product Lines breakouts
Advertising 20,614 17,882 +15.3%
Duolingo English Test 11,317 11,986 -5.6%
In-App Purchases 8,446 9,442 -10.5%
License And Service 250,908 190,987 +31.4%
Product And Service Other 682 446 +52.9%
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Revenue 291,967 230,743 +26.5%
Cost of Revenue (Q) — — —
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Cost of Revenue 78,871 66,647 +18.3%
Gross Profit (Q) — — —
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Gross Profit 213,096 164,096 +29.9%
Research & Development (Q) — — —
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Research & Development 82,974 70,390 +17.9%
Sales & Marketing (Q) — — —
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Sales & Marketing 39,249 26,662 +47.2%
General & Administrative (Q) — — —
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General & Administrative 46,346 43,450 +6.7%
Operating Expenses (Q) — — —
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Operating Expenses 168,569 140,502 +20.0%
Operating Income (Q) — — —
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Operating Income 44,527 23,594 +88.7%
Non-Operating Income (Expense) (Q) — — —
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Non-Operating Income (Expense) -786 1,001 -178.5%
Income Loss From Continuing Operations Before Interest Income Income Taxes Noncontrolling Interests (Q) — — —
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Income Loss From Continuing Operations Before Interest Income Income Taxes Noncontrolling Interests 43,741 24,595 +77.8%
Interest Income Operating (Q) — — —
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Interest Income Operating 11,811 10,415 +13.4%
Income Before Taxes (Q) — — —
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Income Before Taxes 55,552 35,010 +58.7%
Income Tax Expense (Benefit) (Q) — — —
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Income Tax Expense (Benefit) 12,092 -125 +9773.6%
Net Income (Q) — — —
Show Equity Components breakouts
Retained Earnings 43,460 35,135 +23.7%
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Net Income 43,460 35,135 +23.7%
Show Statement Class Of Stock breakouts
Class A and Class B Common Stock 43,460 35,135 +23.7%
Comprehensive Income (Q) — — —
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Comprehensive Income 43,460 35,135 +23.7%
EPS (Basic) (Q) — — —
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EPS (Basic) 0.93 0.78 +19.2%
EPS (Diluted) (Q) — — —
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EPS (Diluted) 0.89 0.72 +23.6%
Wtd Avg Shares (Basic) (Q) — — —
Show Statement Class Of Stock breakouts
Class A and Class B Common Stock 46,793 45,148 +3.6%
Wtd Avg Shares (Diluted) (Q) — — —
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Wtd Avg Shares (Diluted) 48,987 48,497 +1.0%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash & Cash Equivalents (Q) — — —
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Cash & Cash Equivalents 1,138,561 883,996 +28.8%
Debt Securities Held To Maturity Amortized Cost After Allowance For Credit Loss Current (Q) — — —
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level1 · Short Term Investments 5,618 12,060 -53.4%
Fair Value Inputs Level1 · Short Term Investments 5,618 12,060 -53.4%
Fair Value Inputs Level2 107,431 103,224 +4.1%
Fair Value Inputs Level2 · Corporate Debt Securities 97,985 85,861 +14.1%
Fair Value Inputs Level2 · US Treasury Securities 9,446 — —
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Debt Securities Held To Maturity Amortized Cost After Allowance For Credit Loss Current 113,049 115,284 -1.9%
Accounts Receivable (Q) — — —
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Accounts Receivable 125,086 114,183 +9.5%
Capitalized Contract Cost Net Current (Q) — — —
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Capitalized Contract Cost Net Current 104,513 89,564 +16.7%
Income Tax Receivable (Q) — — —
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Income Tax Receivable 5,092 — —
Prepaid Expenses & Other Current Assets (Q) — — —
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Prepaid Expenses & Other Current Assets 19,658 16,630 +18.2%
Total Current Assets (Q) — — —
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Total Current Assets 1,505,959 1,219,657 +23.5%
Non-Current Assets
Operating Lease Right-of-Use Assets (Q) — — —
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Operating Lease Right-of-Use Assets 79,944 46,369 +72.4%
Long Term Investments (Q) — — —
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Long Term Investments 140,211 83,342 +68.2%
Property, Plant & Equipment (Q) — — —
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Property, Plant & Equipment 36,966 19,161 +92.9%
Goodwill (Q) — — —
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Goodwill 35,335 — —
Restricted Cash Noncurrent (Q) — — —
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Restricted Cash Noncurrent 2,735 2,735 0.0%
Deferred Tax Assets (Q) — — —
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Deferred Tax Assets 217,837 675 +32172.1%
Other Non-Current Assets (Q) — — —
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Other Non-Current Assets 10,680 1,797 +494.3%
Total Assets (Q) — — —
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Total Assets 2,057,994 1,403,146 +46.7%
Other Assets
Intangible Assets Net Excluding Goodwill (Q) — — —
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Intangible Assets Net Excluding Goodwill 28,327 — —
Current Liabilities
Deferred Revenue (Current) (Q) — — —
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Deferred Revenue (Current) 513,256 415,023 +23.7%
Accounts Payable (Q) — — —
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Accounts Payable 7,486 2,546 +194.0%
Accrued Income Taxes Current (Q) — — —
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Accrued Income Taxes Current 3,814 6,381 -40.2%
Accrued Liabilities (Q) — — —
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Accrued Liabilities 49,558 30,535 +62.3%
Total Current Liabilities (Q) — — —
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Total Current Liabilities 574,114 454,485 +26.3%
Non-Current Liabilities
Operating Lease Liabilities (Q) — — —
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Operating Lease Liabilities 91,873 54,533 +68.5%
Deferred Tax Liabilities (Q) — — —
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Deferred Tax Liabilities 243 302 -19.5%
Total Liabilities (Q) — — —
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Total Liabilities 666,230 509,320 +30.8%
Stockholders' Equity
Common Stock (Q) — — —
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Common Stock 5 4 +25.0%
Treasury Stock Common Value (Q) — — —
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Treasury Stock Common Value -4,499 — —
Additional Paid-In Capital (Q) — — —
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Additional Paid-In Capital 1,064,580 984,534 +8.1%
Retained Earnings (Q) — — —
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Retained Earnings 331,678 -90,712 +465.6%
Total Stockholders' Equity (Q) — — —
Show Equity Components breakouts
Additional Paid In Capital 1,064,580 984,534 +8.1%
Common Stock 5 4 +25.0%
Retained Earnings 331,678 -90,712 +465.6%
Treasury Stock Common -4,499 — —
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Total Stockholders' Equity 1,391,764 893,826 +55.7%
Total Liabilities & Equity (Q) — — —
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Total Liabilities & Equity 2,057,994 1,403,146 +46.7%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Deferred Income Taxes And Tax Credits (Q) — — —
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Deferred Income Taxes And Tax Credits 9,496 — —
Stock-Based Compensation (Q) — — —
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Stock-Based Compensation 34,647 31,018 +11.7%
Depreciation & Amortization (Q) — — —
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Depreciation & Amortization 4,191 3,590 +16.7%
Accretion Amortization Of Discounts And Premiums Investments (Q) — — —
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Accretion Amortization Of Discounts And Premiums Investments -321 -550 +41.6%
Change in Deferred Revenue (Q) — — —
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Change in Deferred Revenue 17,051 42,139 -59.5%
Change in Accounts Receivable (Q) — — —
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Change in Accounts Receivable 37,741 14,740 +156.0%
Increase Decrease In Capitalized Contract Costs Net (Q) — — —
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Increase Decrease In Capitalized Contract Costs Net -1,850 -9,402 +80.3%
Change in Prepaid & Other Assets (Q) — — —
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Change in Prepaid & Other Assets 5,899 -1,772 +432.9%
Change in Accounts Payable (Q) — — —
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Change in Accounts Payable -2,405 -3,843 +37.4%
Increase Decrease In Accrued Liabilities (Q) — — —
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Increase Decrease In Accrued Liabilities 5,964 -6,204 +196.1%
Increase Decrease In Other Noncurrent Assets And Liabilities Net (Q) — — —
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Increase Decrease In Other Noncurrent Assets And Liabilities Net -3,102 780 -497.7%
Net Cash from Operations (Q) — — —
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Net Cash from Operations 150,771 105,631 +42.7%
Investing Activities
Payments To Acquire Investments (Q) — — —
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Payments To Acquire Investments -56,155 -26,606 -111.1%
Proceeds From Sale Maturity And Collections Of Investments (Q) — — —
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Proceeds From Sale Maturity And Collections Of Investments 42,391 18,676 +127.0%
Payments For Software And Purchases Of Intangible Assets (Q) — — —
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Payments For Software And Purchases Of Intangible Assets -2,853 -1,310 -117.8%
Capital Expenditures (Q) — — —
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Capital Expenditures -132 -1,309 +89.9%
Net Cash from Investing (Q) — — —
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Net Cash from Investing -16,749 -10,549 -58.8%
Landlord Incentives Incurred But Not Yet Paid (Q) — — —
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Landlord Incentives Incurred But Not Yet Paid 6,809 — —
Right Of Use Asset Obtained In Exchange For Operating Lease Liability (Q) — — —
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Right Of Use Asset Obtained In Exchange For Operating Lease Liability 1,918 — —
Repurchases Of Common Stock Included In Current Liabilities (Q) — — —
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Repurchases Of Common Stock Included In Current Liabilities 1,499 — —
Financing Activities
Proceeds From Stock Options Exercised (Q) — — —
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Proceeds From Stock Options Exercised 1,922 3,123 -38.5%
Share Repurchases (Q) — — —
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Share Repurchases -24,331 — —
Tax Withholding for Share Compensation (Q) — — —
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Tax Withholding for Share Compensation -9,441 — —
Net Cash from Financing (Q) — — —
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Net Cash from Financing -31,850 3,123 -1119.9%
Supplemental
Income Taxes Paid (Q) — — —
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Income Taxes Paid 19 87 -78.2%
Unpaid Capital Expenditures (Q) — — —
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Unpaid Capital Expenditures 1,893 162 +1068.5%
Other Cash Flow
Net Change in Cash (Q) — — —
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Net Change in Cash 102,172 98,205 +4.0%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents (Q) — — —
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 1,141,296 886,731 +28.7%

Values in thousands USD. Source: SEC EDGAR 10-Q filing.

This table is rendered from the same JSON returned by /api/financials.

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