Duolingo Q4/FY2025 revenue $282.9M/$1,038M; guides FY2026 bookings +11% and EBITDA margin ~25%

Duolingo, Inc.

2025-FY EPS reported $8.57 revenue$1,037,589,000

Q4 revenue $282.9M (+35% YoY); FY revenue $1,037.6M (+39% YoY).
Q4 net income $42.0M; FY net income $414.1M (includes $256.7M one-time tax benefit).
Adjusted EBITDA FY $305.9M (29.5% margin); Q4 $84.3M (29.8% margin).
DAU 52.7M (+30% YoY); paid subscribers 12.2M (+28% YoY).
Strategic pivot to user growth: expects ~11% bookings growth in 2026, investing >$50M of foregone bookings into free experience.

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