Duolingo (DUOL) Cash from Operations (2020 - 2026)
Duolingo (DUOL) posted Cash from Operations of $88.3 million for Q2 2026, down 41.46% on a QoQ basis from $150.8 million in Q1 2026, and down 2.66% year-over-year from $90.7 million in Q2 2025.
Analysis
Duolingo (DUOL) Cash from Operations (2020 - 2026) Analysis & Trends
Duolingo has reported Cash from Operations for 7 years, with the latest figure at $88.3 million in Q2 2026.
- On a quarterly basis, Cash from Operations fell 2.66% year-over-year to $88.3 million in Q2 2026; TTM through Jun 2026 was $430.5 million, a 28.17% increase from a year earlier, with the FY2025 full-year figure at $387.8 million, up 35.83% from the prior year.
- Cash from Operations was $88.3 million for Q2 2026 at Duolingo, down from $150.8 million in the prior quarter.
- The five-year high for Cash from Operations was $150.8 million in Q1 2026, with the low at $8.8 million in Q3 2022.
- Average Cash from Operations over 5 years is $62.2 million, with a median of $59.3 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2026: Cash from Operations surged 2587.04% in 2022, then declined 2.66% in 2026.
- Over 5 years, Cash from Operations stood at $11.6 million in 2022, then jumped by 323.79% to $49.2 million in 2023, then surged by 69.42% to $83.3 million in 2024, then increased by 28.72% to $107.3 million in 2025, then declined by 17.73% to $88.3 million in 2026.
- The last three Cash from Operations figures came in at $88.3 million (Q2 2026), $150.8 million (Q1 2026), and $107.3 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Operations (Qtr) |
|---|---|---|---|---|---|
| 1 | Duolingo | 14.45 Bn | 13.13 Bn | 216.74 Mn | 88.26 Mn |
| 2 | Youdao | 3.62 Bn | 3.50 Bn | 105.66 Mn | - |
| 3 | Coursera | 1.59 Bn | 604.41 Mn | 173.40 Mn | -19.80 Mn |
| 4 | Docebo | 712.07 Mn | 666.36 Mn | 54.53 Mn | -3.07 Mn |
| 5 | 51Talk Online Education | 344.94 Mn | 309.51 Mn | 22.97 Mn | - |
| 6 | iHuman | 124.70 Mn | -34.09 Mn | 17.68 Mn | - |
| 7 | Nerdy | 119.95 Mn | 90.19 Mn | 27.98 Mn | -4.75 Mn |
| 8 | Chegg | 94.28 Mn | 21.96 Mn | 28.28 Mn | 10.06 Mn |
| 9 | Skillsoft | 60.79 Mn | -57.58 Mn | 78.61 Mn | 28.94 Mn |
| 10 | Sunlands Technology | 39.07 Mn | 38.85 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 88.26 Mn |
| Mar 31, 2026 | 150.77 Mn |
| Dec 31, 2025 | 107.28 Mn |
| Sep 30, 2025 | 84.24 Mn |
| Jun 30, 2025 | 90.68 Mn |
| Mar 31, 2025 | 105.63 Mn |
| Dec 31, 2024 | 83.34 Mn |
| Sep 30, 2024 | 56.27 Mn |
| Jun 30, 2024 | 62.39 Mn |
| Mar 31, 2024 | 83.51 Mn |
| Dec 31, 2023 | 49.19 Mn |
| Sep 30, 2023 | 37.65 Mn |
| Jun 30, 2023 | 37.17 Mn |
| Mar 31, 2023 | 29.60 Mn |
| Dec 31, 2022 | 11.61 Mn |
| Sep 30, 2022 | 8.76 Mn |
| Jun 30, 2022 | 12.66 Mn |
| Mar 31, 2022 | 20.63 Mn |
| Dec 31, 2021 | 432,000.00 |
| Sep 30, 2021 | 4.51 Mn |