secwatch.observer — SEC 8-K summary
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Issuer:     Duolingo, Inc. (DUOL)
CIK:        0001562088
Form:       8-K
Filed at:   2021-11-10T23:59:59+00:00
Accession:  0001562088-21-000021
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Duolingo Q3 revenue $63.6M (+40% YoY); ~11M shares released from lock-up Nov 15
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- Revenue $63.6M (+40% YoY); bookings $73.1M (+57%); paid subscribers 2.2M (+49%).
- Net loss $29.0M vs $3.2M prior year, driven by $15.9M IPO-related stock compensation.
- Q4 guidance: revenue $66.5-69.5M; bookings $79-82M; adj. EBITDA loss $(6.5)-(3.5)M.
- ~11M shares of Class A common stock eligible for sale on Nov 15 due to lock-up release.
- DAUs 9.8M, MAUs 41.7M, both all-time highs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562088/000156208821000021/0001562088-21-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562088/000156208821000021/duol-20211110.htm
  HTML page:      https://secwatch.observer/filing/0001562088-21-000021

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer