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Duolingo, Inc. (DUOL)

SEC filings, insider trading & institutional ownership from EDGAR.

Duolingo is a technology company whose mission is to develop the best education in the world and make it universally available. It builds mobile-first, bite-sized, gamified learning products, and its flagship Duolingo App is the world's most popular way to learn languages and the top-grossing Education app on Google Play and the Apple App Store. The company was founded by Luis von Ahn and Severin Hacker, who met at Carnegie Mellon University. As of December 31, 2025, it had more than 900 employees, including more than 430 engineers.

The Duolingo App offers over 250 language courses, plus Math, Music and Chess courses integrated into the app, and is also accessible through a web browser. All course content is free and supported by ads shown at the end of lessons. Paid tiers include Super Duolingo, which is ad-free with additional features and includes a family plan for up to six subscribers, and Duolingo Max, a higher-priced premium tier with AI-powered features such as Roleplay, Explain My Answer and Video Call. The Duolingo English Test, launched in 2016, is an online, on-demand, computer-adaptive English proficiency assessment accepted by over 6,100 education programs, including 24 of the top 25 U.S. undergraduate programs by international enrollment. The company also offers Duolingo for Schools, a web-based classroom tool, and Duolingo ABC, an early literacy app for young children.

The app had more than 130 million monthly active users as of December 31, 2025, and about 9% of them were paid subscribers. About 43 million daily active users had a streak of seven days or longer. Learners span the socioeconomic spectrum worldwide. The Duolingo English Test serves students and professionals who need to demonstrate English proficiency for university admissions, work visas and job applications. The company cites HolonIQ's estimate that consumer spend on language learning, online and offline, will reach about $123 billion by 2027. Growth has been driven mainly by word-of-mouth and brand buzz, supplemented by brand marketing, owned media such as emails and push notifications, targeted paid acquisition, and localized campaigns in markets with low awareness.

Duolingo runs its products on a shared technology infrastructure built on AI, machine learning, data analytics and extensive A/B testing, using data from nearly 2 billion exercises completed daily. It also integrates external AI models, and notes that AI features require increased computing investment. It competes for learners' time and spending with other online and app-based language platforms, offline language learning, language assessment providers, literacy platforms, and math, music and chess learning products. The company relies on trademarks, copyrights, domain names, confidentiality agreements and two patent applications to protect its intellectual property. It is subject to privacy, data protection, consumer protection and child-protection regulation, among others. It is based in Pittsburgh and recruits from top computer science, design and business programs and from other technology hubs.

AI-summarized from Item 1 (Business) of the company’s most recent 10-K filing.

RevenueFY2025
$1.04B
▲ 38.7%YoY
Net incomeFY2025
$414.06M
▲ 367.5%YoY
Diluted EPSFY2025
$8.57
▲ 355.9%YoY
Gross margin
72.2%
▼ 54 bpsYoY
Insider net6 mo
+55.9K
shares18 sells0 buys
Institutions
47
$3.71B held

Financials

As reported to the SEC via XBRL, no adjustments

All financials →
Revenue & net income
-$250M$250M$500M$750M$1B$1.25B
FY2022FY2023FY2024FY2025
RevenueNet income
FY2025 highlightsfrom 10-K
Gross profit$749.46M
Operating income$135.57M
Diluted EPS$8.57
Gross margin72.2%
Net margin39.9%

Latest filings

10-K, 10-Q, 8-K, Form 4 & 13D/G. Sourced directly from SEC EDGAR

All filings →
FormFiledAccession
4Chen Stephen C.Nov 5, 2026EDGAR
4GORDON WILLIAM BNov 5, 2026EDGAR
10-QNov 3, 2026EDGAR
8-KNov 3, 2026EDGAR
SC 13G/AamendedVanguard Capital ManagementOct 30, 2026EDGAR
SC 13G/AamendedBAILLIE GIFFORD & COOct 20, 2026EDGAR
4Shelton James HOct 14, 2026EDGAR
4Lilly III John OsborneOct 14, 2026EDGAR

Insider trading

From Form 4 filings

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InsiderDateType
Chen Stephen C.Nov 4, 2026Sell
GORDON WILLIAM BNov 2, 2026Sell
Lilly III John OsborneOct 10, 2026Grant / award
Schlosser MarioOct 10, 2026Grant / award
Shelton James HOct 10, 2026Grant / award

Top holders

13F & 13D/G • latest quarter

All →
HolderStakeFiledValue
BAILLIE GIFFORD & CO11.8%Aug 6, 2026$554.89M
BlackRock, Inc.9.5%Aug 7, 2026$444.79M
AQR CAPITAL MANAGEMENT LLC5.7%Aug 14, 2026$268.29M
SUSQUEHANNA INTERNATIONAL GROUP, LLP5.4%Aug 14, 2026$255.38M
Vanguard Capital Management4.3%Aug 13, 2026$200.79M

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Data as of Nov 8, 2026Source: SEC EDGAR.