Duolingo (DUOL) EBT (2020 - 2026)

Duolingo has reported EBT for 7 years, with the latest figure at $45.4 million in Q2 2026.

• On a quarterly basis, EBT fell 2.33% year-over-year to $45.4 million in Q2 2026; TTM through Jun 2026 was $201.9 million, a 56.24% increase from a year earlier, with the FY2025 full-year figure at $182.4 million, up 78.3% from the prior year.
• EBT was $45.4 million for Q2 2026 at Duolingo, down from $55.6 million in the prior quarter.
• The five-year high for EBT was $55.6 million in Q1 2026, with the low at -$18.4 million in Q3 2022.
• Average EBT over 5 years is $19.2 million, with a median of $23.9 million recorded in 2024.
• The sharpest annual moves came in 2022 and 2024: EBT slumped 8416.57% in 2022, then surged 1091.45% in 2024.
• Over 5 years, EBT stood at -$13.2 million in 2022, then jumped by 214.52% to $15.1 million in 2023, then soared by 47.7% to $22.4 million in 2024, then jumped by 143.83% to $54.5 million in 2025, then declined by 16.76% to $45.4 million in 2026.
• The last three EBT figures came in at $45.4 million (Q2 2026), $55.6 million (Q1 2026), and $54.5 million (Q4 2025), per Business Quant data.