secwatch.observer — SEC 8-K summary
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Issuer:     Duolingo, Inc. (DUOL)
CIK:        0001562088
Form:       8-K
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0001628280-26-012246
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Duolingo Q4 revenue $282.9M (+35% YoY); guides slower 2026 growth; $400M buyback authorized
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- Q4 revenue $282.9M (+35% YoY); FY 2025 revenue $1.04B (+39% YoY). DAUs 52.7M (+30%), paid subs 12.2M (+28%).
- Q4 net income $42.0M; FY net income $414.1M (includes $256.7M tax benefit). FY adjusted EBITDA $305.9M (29.5% margin).
- CEO prioritizes user growth over monetization: expects 2026 bookings growth ~11% (vs ~20% prior) and adj. EBITDA margin ~25%.
- Board authorized $400M share repurchase program; no expiration, open-market purchases at company discretion.
- Chess reached 7M DAUs in <1 year; Math and Music expansion underway; AI features (Video Call) moving to Super tier.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562088/000162828026012246/0001628280-26-012246-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562088/000162828026012246/duol-20260226.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-012246

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