---
title: "Duolingo Inc. Financial Metrics Guide"
description: "Duolingo Inc. revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios computed and explained."
canonical: https://www.getswoopr.com/stocks/companies/duolingo-inc/financial-metrics/
source: "Swoopr Investment: https://www.getswoopr.com"
---

# Duolingo Inc. Financial Metrics Guide

## Direct Answer

> Duolingo Inc. reported revenue of $1.0 billion for the fiscal year ended December 31, 2025, with an operating margin of 13.1% and net income of $414 million, according to its SEC filings. Revenue grew 38.7% from the prior year.

## What Are Duolingo Inc.'s Key Financial Figures?

| Fiscal year | FY2025ended December 31, 2025 | FY2024ended December 31, 2024 | FY2023ended December 31, 2023 | FY2022ended December 31, 2022 |
| --- | --- | --- | --- | --- |
| Revenue | $1.0 billion | $748 million | $531 million | $369 million |
| Operating income | $136 million | $63 million | -$13 million | -$65 million |
| Operating margin | 13.1% | 8.4% | -2.5% | -17.6% |
| Net income | $414 million | $88 million | $16 million | -$60 million |
| Net margin | 39.9% | 11.8% | 3.0% | -16.1% |
| Operating cash flow | $388 million | $286 million | $154 million | $54 million |
| Capital expenditures | $18 million | $12 million | $3 million | $6 million |
| Free cash flow | $370 million | $273 million | $150 million | $48 million |

Operating margin widened by 4.7 percentage points between fiscal 2024 and 2025, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $370 million against net income of $414 million; cash generation fell short of reported earnings, which is worth reconciling in the cash flow statement.

![Bar chart of Duolingo Inc. revenue, operating income, net income for fiscal 2022 to 2025. In fiscal 2025, revenue was $1.0 billion, operating income $136 million and net income $414 million.](https://www.getswoopr.com/images/charts/duolingo-inc-metrics-revenue-profit.webp)
*Duolingo Inc. revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.*

![Line chart of Duolingo Inc. operating margin and net margin for fiscal 2022 to 2025. In fiscal 2025, operating margin was 13.1% and net margin was 39.9%.](https://www.getswoopr.com/images/charts/duolingo-inc-metrics-margins.webp)
*Duolingo Inc. operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.*

![Bar chart of Duolingo Inc. operating cash flow, capital expenditures, free cash flow for fiscal 2022 to 2025. In fiscal 2025, operating cash flow was $388 million, capital expenditures was $18 million, free cash flow was $370 million.](https://www.getswoopr.com/images/charts/duolingo-inc-metrics-cash-flow.webp)
*Duolingo Inc. operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.*

## What Does Duolingo Inc.'s Balance Sheet Show?

| Cash and cash equivalents | $1.0 billion |
| --- | --- |
| Long-term debt | Not reported |
| Total assets | $2.0 billion |
| Total liabilities | $645 million |
| Shareholders' equity | $1.3 billion |
| Current ratio | 2.6x |

Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions.

## Where These Numbers Come From

Every figure on this page is a value Duolingo Inc. reported in its own SEC filings, read from the SEC's XBRL data (accession 0001628280-26-012494 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary.

Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation.

## Frequently Asked Questions

### What was Duolingo Inc.'s revenue in fiscal 2025?

Duolingo Inc. reported revenue of $1.0 billion for the fiscal year ended December 31, 2025, according to its SEC filings.

### What is Duolingo Inc.'s operating margin?

Duolingo Inc.'s operating margin was 13.1% in fiscal 2025: operating income of $136 million on revenue of $1.0 billion.

### How much free cash flow did Duolingo Inc. generate?

Operating cash flow of $388 million less capital expenditures of $18 million gives free cash flow of $370 million for fiscal 2025.

## References

- [SEC EDGAR: Duolingo, Inc. Form 10-K filed February 27, 2026](https://www.sec.gov/Archives/edgar/data/1562088/000162828026012494/duol-20251231.htm)
- [SEC EDGAR: Duolingo, Inc. annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1562088&type=10-K)
- [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces)

## Related Pages

- [Duolingo Inc. company dossier](https://www.getswoopr.com/stocks/companies/duolingo-inc/)
- [Duolingo Inc. financial metrics](https://www.getswoopr.com/stocks/companies/duolingo-inc/financial-metrics/)
- [Duolingo Inc. financial risk indicators](https://www.getswoopr.com/stocks/companies/duolingo-inc/risks-monitoring/)
- [Duolingo Inc. business model and revenue mix](https://www.getswoopr.com/stocks/companies/duolingo-inc/business-model/)
- [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/)

[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)

Swoopr's editorial team produces independent investment education content. Content is for educational purposes only and does not constitute personalized investment advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).