secwatch.observer — SEC 8-K summary
======================================

Issuer:     Duolingo, Inc. (DUOL)
CIK:        0001562088
Form:       8-K/A
Filed at:   2026-02-27T23:59:59+00:00
Accession:  0001628280-26-012513
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562088/000162828026012513/0001628280-26-012513-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562088/000162828026012513/duol-20260226.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-012513

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