{"schema_version":"secwatch.filing_event.v1","accession":"0001562088-23-000101","form_type":"8-K","ticker":"DUOL","cik":"0001562088","company_name":"Duolingo, Inc.","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.398442+00:00","generated_at":"2026-06-15T09:02:53.242140+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Duolingo Q1 2023: Revenue +42% to $115.7M, DAUs +62%, raises FY guidance","bullets":["Revenue $115.7M (+42% YoY), net loss narrowed to $2.6M from $12.2M; adjusted EBITDA $15.1M (13% margin) vs $3.9M (5%) prior year.","DAUs 20.3M (+62%), MAUs 72.6M (+47%), paid subscribers 4.8M (+63%), all record highs.","Total bookings $140.1M (+37% YoY); subscription bookings $110.1M (+40%).","Raises FY2023 revenue guidance to $500-509M (30% growth) and adj. EBITDA margin 11-12%, up from prior $485-495M revenue.","Launched Duolingo Max (GPT-4 powered) and highlights AI as competitive advantage."],"urls":{"canonical":"https://secwatch.observer/filing/0001562088-23-000101","json":"https://secwatch.observer/filing/0001562088-23-000101.json","markdown":"https://secwatch.observer/filing/0001562088-23-000101.md","text":"https://secwatch.observer/filing/0001562088-23-000101.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1562088/000156208823000101/0001562088-23-000101-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1562088/000156208823000101/duol-20230509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T09:02:53.242140+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1d70f9f5d05b803631c99dd7949dd820180268e2","claim":"Duolingo, Inc. reported first quarter ended March 31, 2023 results: revenue $115.7 million, net income $2.6 million. Guidance raised.","evidence_excerpt":"First Quarter 2023 Highlights • Total bookings were $140.1 million, an increase of 37% from the prior year quarter; • Subscription bookings were $110.1 million, an increase of 40% from the prior year quarter; • Paid Subscribers totaled 4.8 million at quarter end, an increase of 63% from the prior year quarter; • Monthly active users (MAUs) grew 47% to 72.6 million from the prior year quarter and Daily active users (DAUs) grew 62% to 20.3 million from the prior year quarter; • Total revenues were $115.7 million, an increase of 42% from the prior year quarter; • Net loss totaled $2.6 million, compared to a net loss of $12.2 million in the prior year quarter; • Adjusted EBITDA was $15.1 million, compared to $3.9 million in the prior year quarter, or a 13% and 5% Adjusted EBITDA margin, respectively.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1562088/000156208823000101/0001562088-23-000101-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$115.7 million"},{"label":"Net income","value":"$2.6 million"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}