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Duolingo, Inc. revenue

Duolingo, Inc.'s revenue was $1.04bn in fiscal 2025, up 38.7% on the year before. Since fiscal 2020 ($162m) it has grown at a compound 45.0% a year. Over the last twelve months it was $1.15bn.

Revenue history

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue1622513695317481,0381,145
Growth on the year before—+55.1%+47.3%+43.7%+40.8%+38.7%—
Gross profit116182270389544749833
Gross margin71.6%72.4%73.1%73.2%72.8%72.2%72.7%

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Licenses and services $873M 84.2% ▲ 43.8%
Other $164M 15.8% ▲ 16.8%
Advertising $79.7M 48.6% ▲ 45.2%
English Test $42M 25.6% ▼ 8.0%
IA Ps $40.5M 24.7% ▲ 4.7%
Product and Service Other Miscellaneous $1.9M 1.2% ▲ 49.8%
Geography
Region Revenue Share YoY
Outside the US $645M 62.2% ▲ 47.9%
United States $392M 37.8% ▲ 25.9%

From Duolingo, Inc.'s 10-K filed February 27, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Revenue against peers

Application Software: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
Duolingo, Inc. $1.15bn 29.4% 37.3%
Manhattan Associates Inc $1.16bn 8.4% 9.2%
Blackbaud Inc $1.16bn 2.2% 2.2%
Five9, Inc. $1.20bn 8.9% 12.4%
Appfolio Inc $1.09bn 20.0% 23.8%
Servicetitan, Inc. $1.06bn 22.9% —

Compare with peers

Head to head: DUOL vs MANHBLKB vs DUOLDUOL vs FIVNAPPF vs DUOL

More: Application Software stocks compared, Technology sector, rankings of US companies

Figures from Duolingo, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Duolingo, Inc.