Company profile · free preview
Duolingo
DUOL · Updated 10/25/2026
Revenue
$1.0B
Fiscal 2025
Net income
$414.1M
Fiscal 2025
Free cash flow
$369.7M
Fiscal 2025
Net cash / (debt)
—
Fiscal 2025
Five-year financials
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | $1.0B | $748.0M | $531.1M | $369.5M | $250.8M |
| Net income | $414.1M | $88.6M | $16.1M | (59.6M) | (60.1M) |
| Diluted EPS | — | — | — | — | — |
| Operating cash flow | $387.8M | $285.5M | $153.6M | $53.7M | $9.2M |
| Free cash flow | $369.7M | $273.4M | $150.4M | $48.1M | $5.6M |
| Cash | $1.0B | $785.8M | $747.6M | $608.2M | $553.9M |
| Total debt | — | — | — | — | — |
Where the cash went
Cumulative, fiscal 2021–2025, straight from the reported cash-flow statements.
Reinvested in capex
4.8%
of operating cash flow
Returned to owners
—
of free cash flow (buybacks + dividends)
Diluted share count
—
change 2021–2025
Capital expenditure $42.6MBar width = share of $889.8M operating cash flow
| Operating cash flow | $889.8M |
| Capital expenditure | ($42.6M) |
| Free cash flow | $847.2M |
| Share buybacks | — |
| Dividends paid | — |
| Acquisitions (net) | — |
| Net debt issued / (repaid) | — |
| Stock-based compensation (non-cash) | — |
"—" means a year didn't report that line, so no total is shown rather than an estimate.
SEC filings
- 10-K · period 2025-12-312026-02-27EDGAR
Ask anything about Duolingo's filings
"What changed since last year?" "Where is the cash going?" Get answers drawn straight from the filings.
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