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Duolingo, Inc.

duolingo.com

Duolingo Inc (NASDAQ: DUOL) is a consumer education technology company that operates a mobile-first language learning platform. Revenue comes primarily from paid subscriptions (Duolingo Super and Max tiers), with supplemental income from in-app advertising shown to free-tier users and in-app purchases of virtual currency. The free tier drives user acquisition at scale, converting a portion of the base into paying subscribers. As of the 10-K filed February 27, 2026 (accession 000162828026012494), the filing confirms Duolingo operates its platform globally across multiple languages and subject areas. The company was founded by Luis von Ahn and Severin Hacker and is headquartered in Pittsburgh, Pennsylvania. The freemium structure creates a large advertising-supported audience alongside a recurring subscription revenue base, with subscription revenue representing the dominant and faster-growing portion of total revenue. The filing does not disclose segment-level revenue percentages or specific subscriber counts in the excerpts provided.

Products & Services

Duolingo language learning app; Duolingo Super subscription; Duolingo Max subscription; in-app advertising; virtual currency (Gems/Lingots); mobile and web platform.

Revenue Model

Freemium subscription model: free ad-supported tier converts users to paid Duolingo Super and Max subscriptions; secondary revenue from in-app advertising and virtual currency purchases.

Customers & Markets

Individual consumer learners globally; free-tier ad-supported users; paying subscribers seeking ad-free and enhanced learning features; end market is consumer self-directed language and skills education.

Geographic Exposure

Global platform with users across multiple countries; headquartered in Pittsburgh, Pennsylvania, USA; specific geographic revenue breakdown not supported by provided filing excerpts.

Financial Snapshot

Revenue
TTM
$1.145B
Gross Margin
TTM
72.72%
Net Income
TTM
$410.8M
Current Assets
2026 Q2
Current Liabilities
2026 Q2
Current Ratio
2026 Q2
271.9%
Total Assets
2026 Q2
Total Liabilities
2026 Q2
Book Value
2026 Q2
$1.410B
Cash
2026 Q2
P/E
TTM
17.59
Free Cash Flow
TTM
$400.4M

Stock Price

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Market Cap: $7.2266 Billion

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