---
schema_version: "secwatch.filing_event.v1"
accession: "0001562088-23-000173"
form_type: "8-K"
ticker: "DUOL"
cik: "0001562088"
company_name: "Duolingo, Inc."
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T01:52:53.128051+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Duolingo Q2 beats: revenue $126.8M (+44% YoY), net income $3.7M; raises full-year guidance

## Summary
- Revenue $126.8M (+44% YoY); net income $3.7M vs loss $15.0M in Q2 2022.
- Adjusted EBITDA $20.9M (16.5% margin) vs $4.2M (4.7% margin) prior year.
- DAUs 21.4M (+62% YoY); MAUs 74.1M (+50% YoY); paid subscribers 5.2M (+59% YoY).
- Full-year 2023 guidance raised: total bookings $569-575M; revenue $510-516M; Adj. EBITDA margin 14-15%.
- Record free cash flow $34.3M (27.1% margin); cash flow from ops $37.2M.

## SEC filing metadata
- accession: 0001562088-23-000173
- form_type: 8-K
- ticker: DUOL
- cik: 0001562088
- company_name: Duolingo, Inc.
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1562088/000156208823000173/0001562088-23-000173-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1562088/000156208823000173/duol-20230808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001562088-23-000173
- JSON: https://secwatch.observer/filing/0001562088-23-000173.json
- Plain text: https://secwatch.observer/filing/0001562088-23-000173.txt

## Key facts
- Earnings Releases
  Duolingo, Inc. reported second quarter ended June 30, 2023 results: revenue $126.8 million, net income $3.7 million. Guidance raised.
  - Period: second quarter ended June 30, 2023
  - Revenue: $126.8 million
  - Net income: $3.7 million
  - Guidance: raised
  - Result: reported results
  source text: Total revenues were $126.8 million, an increase of 44% from the prior year quarter; • Net income totaled $3.7 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1562088/000156208823000173/0001562088-23-000173-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.