Duolingo DUOL
NASDAQ DUOL
$154.46 -4.36 (-2.75%)
At close: Sep 4, 2026 · 4:00 PM EDT

Duolingo (DUOL) EBITDA (2020 - 2026)

Duolingo (DUOL) posted EBITDA of $33.9 million for Q2 2026, down 23.77% on a QoQ basis from $44.5 million in Q1 2026, and up 1.74% year-over-year from $33.4 million in Q2 2025.

Analysis

Duolingo (DUOL) EBITDA (2020 - 2026) Analysis & Trends

Duolingo has reported EBITDA for 7 years, with the latest figure at $33.9 million in Q2 2026.

  • On a quarterly basis, EBITDA rose 1.74% year-over-year to $33.9 million in Q2 2026; TTM through Jun 2026 was $157.1 million, a 86.09% increase from a year earlier, with the FY2025 full-year figure at $135.6 million, up 116.58% from the prior year.
  • EBITDA was $33.9 million for Q2 2026 at Duolingo, down from $44.5 million in the prior quarter.
  • The five-year high for EBITDA was $44.5 million in Q1 2026, with the low at -$20.2 million in Q3 2022.
  • Average EBITDA over 5 years is $11.0 million, with a median of $13.7 million recorded in 2024.
  • The sharpest annual moves came in 2022 and 2024: EBITDA plunged 3045.19% in 2022, then surged 484.38% in 2024.
  • Over 5 years, EBITDA stood at -$18.2 million in 2022, then soared by 126.42% to $4.8 million in 2023, then jumped by 189.51% to $13.9 million in 2024, then surged by 213.02% to $43.5 million in 2025, then decreased by 21.88% to $33.9 million in 2026.
  • The last three EBITDA figures came in at $33.9 million (Q2 2026), $44.5 million (Q1 2026), and $43.5 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Duolingo 14.45 Bn 13.13 Bn 216.74 Mn 33.95 Mn
2 Youdao 3.62 Bn 3.50 Bn 105.66 Mn 16.38 Mn
3 Coursera 1.59 Bn 604.41 Mn 173.40 Mn -84.70 Mn
4 Docebo 712.07 Mn 666.36 Mn 54.53 Mn 2.58 Mn
5 51Talk Online Education 344.94 Mn 309.51 Mn 22.97 Mn -1.42 Mn
6 iHuman 124.70 Mn -34.09 Mn 17.68 Mn -1.46 Mn
7 Nerdy 119.95 Mn 90.19 Mn 27.98 Mn -6.48 Mn
8 Chegg 94.28 Mn 21.96 Mn 28.28 Mn -3.18 Mn
9 Skillsoft 60.79 Mn -57.58 Mn 78.61 Mn -8.30 Mn
10 Sunlands Technology 39.07 Mn 38.85 Mn - 14.19 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 33.95 Mn
Mar 31, 2026 44.53 Mn
Dec 31, 2025 43.45 Mn
Sep 30, 2025 35.16 Mn
Jun 30, 2025 33.36 Mn
Mar 31, 2025 23.59 Mn
Dec 31, 2024 13.88 Mn
Sep 30, 2024 13.57 Mn
Jun 30, 2024 18.70 Mn
Mar 31, 2024 16.44 Mn
Dec 31, 2023 4.80 Mn
Sep 30, 2023 -4.67 Mn
Jun 30, 2023 -4.87 Mn
Mar 31, 2023 -8.52 Mn
Dec 31, 2022 -18.15 Mn
Sep 30, 2022 -20.16 Mn
Jun 30, 2022 -15.03 Mn
Mar 31, 2022 -11.85 Mn
Dec 31, 2021 -17.42 Mn
Sep 30, 2021 -28.70 Mn