Companies/US/DUOL

DUOLINGO, INC.

Income flow

Annual
DUOL 10-K Income StatementPeriod 2025-12-31Source 10-K
License And Service$754MProduct And Service Other$142MAdvertising$69MEnglish Test$36MIAPs$35MProduct And Service Other Miscellaneous$2MRevenue$1B+39% Y/YGross profit$749M+38% Y/YCost of revenue$288MOperating profit$136M+117% Y/YOperating expenses$614MNet profit$414M+368% Y/YR&D & other$432MSG&A$182M

As-filed revenue segments and annual P&L (gross, opex, tax, net). Layout inspired by SankeyArt finance diagrams.

Revenue mix

2025-12-31 · 10-K · USD
By activity
By activity$1.2B
  • License And Service$873M72.7%
  • Product And Service Other$164M13.7%
  • Advertising$80M6.6%
  • English Test$42M3.5%
  • IAPs$40M3.4%
  • Product And Service Other Miscellaneous$2M0.2%
By geography
By geography$1.0B
  • Non-US$645M62.2%
  • United States$392M37.8%

Capital & dividends

YieldTrailing twelve-month dividends as a percent of the current share price (income yield).0.00%Trailing DPSCash dividends paid per share over the last twelve months (dividend per share, trailing).0PayoutShare of earnings paid out as dividends. Higher means more income returned; lower leaves more for reinvestment.0.0%Shares outTotal shares currently outstanding (issued and not retired).40.4MFloatShares available to trade — outstanding minus closely held (insiders, strategic holders).40.0M

Valuation

Trailing PE 20.5 (2025-12-31)PE trend

Fiscal PE2

PeriodEPSClosePE
2025-12-318.57175.520.5
2024-12-311.88324.23172.5

PE = stored close ÷ as-filed diluted EPS (annual 10-K / 20-F). Not a vendor PE series.