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Duolingo: the language app has to turn engagement into durable paid learning economics

DUOLResearch reportPosted by Goglides ResearchMay 20, 2026
NASDAQDUOLCoverage BootstrapNasdaq

Thesis summary

DUOL has an annual revenue baseline of $1.04B, latest revenue marker of $292M Q1 2026, annual net income of $414.1M and cash of $1.14B. The thesis depends on revenue durability, margins, cash conversion and balance-sheet discipline.

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DUOL has an annual revenue baseline of $1.04B, latest revenue marker of $292M Q1 2026, annual net income of $414.1M and cash of $1.14B. The thesis depends on revenue durability, margins, cash conversion and balance-sheet discipline.

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