Duolingo, Inc. (DUOL) Revenue History
Annual and quarterly revenue from 2019 to 2025
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2025)
DUOL's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
DUOL Revenue Analysis (2019–2025)
As of March 1, 2026, Duolingo, Inc. (DUOL) generated trailing twelve-month (TTM) revenue of $1.04 billion, reflecting explosive growth of +35.0% year-over-year. The most recent quarter (Q4 2025) recorded $282.9 million in revenue, up 4.1% sequentially.
Looking at the longer-term picture, DUOL's 5-year compound annual growth rate (CAGR) stands at +45.0%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $1.04 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows DUOL's business is primarily driven by License and Service (88%), Advertising (8%), and English Test (4%). With over half of revenue concentrated in License and Service, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including SOGP, MTCH (+0.2% YoY), and LYFT (+9.2% YoY), DUOL has outperformed the peer group in terms of revenue growth. Compare DUOL vs SOGP →
Peer Comparison
Compare DUOL's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| DUOLCurrent | $1.0B | +35.0% | +45.0% | 13.1% | |
| SOGP | $2.0B | - | +11.5% | -4.4% | |
| MTCH | $3.5B | +0.2% | +7.8% | 25.0% | |
| LYFT | $6.3B | +9.2% | +21.7% | -3.0% | |
| LIF | $371M | +33.9% | - | -2.1% | |
| GRND | $345M | +29.0% | - | 26.9% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.04B | +38.7% | $749.5M | 72.2% | $135.6M | 13.1% |
| 2024 | $748.0M | +40.8% | $544.4M | 72.8% | $62.6M | 8.4% |
| 2023 | $531.1M | +43.7% | $389.0M | 73.2% | $-13,259,000 | -2.5% |
| 2022 | $369.5M | +47.3% | $270.1M | 73.1% | $-65,195,000 | -17.6% |
| 2021 | $250.8M | +55.1% | $181.6M | 72.4% | $-60,007,000 | -23.9% |
| 2020 | $161.7M | +128.5% | $115.7M | 71.6% | $-16,011,000 | -9.9% |
| 2019 | $70.8M | - | $50.0M | 70.7% | $-14,125,000 | -20.0% |
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Start ComparisonFrequently Asked Questions
Is DUOL's revenue growth accelerating or slowing?
DUOL revenue is accelerating at +35.0% year-over-year, exceeding the 5-year CAGR of +45.0%. TTM revenue reached $1.0B. Growth momentum has increased versus prior periods.
What is DUOL's long-term revenue growth rate?
Duolingo, Inc.'s 5-year revenue CAGR of +45.0% reflects the sustained expansion pattern. Current YoY growth of +35.0% is above this long-term average.
How is DUOL's revenue distributed by segment?
DUOL reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2025 are available for download. Segment mix reveals concentration and diversification trends.