secwatch / observer

Duolingo, Inc. — fact timeline

Source-grounded facts extracted from Duolingo, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

DUOL Duolingo, Inc. JSON
Shareholder Votes

Duolingo, Inc. shareholders approved Approval, on an advisory (non-binding) basis, of the compensation of the Company's named executive officers. at the 2026-06-03 meeting.

“Proposal 3 — Approval, on an advisory (non-binding) basis, of the compensation of the Company's named executive officers. Votes FOR Votes AGAINST Votes ABSTAINED Broker Non-Votes 147,871,738 1,113,706 48,468 8,479,853”
Shareholder Votes

Duolingo, Inc. shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026. at the 2026-06-03 meeting.

“Proposal 2 — Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026. Votes FOR Votes AGAINST Votes ABSTAINED Broker Non-Votes 157,202,904 237,210 73,651 —”
Shareholder Votes

Duolingo, Inc. shareholders approved Election of three Class II directors to hold office until the company's annual meeting of stockholders to be held in 2029 and until their respective successor has been duly elected and qualified. at the 2026-06-03 meeting.

“Proposal 1 — Election of three Class II directors to hold office until the Company’s annual meeting of stockholders to be held in 2029 and until their respective successor has been duly elected and qualified. NOMINEE Votes FOR Votes WITHHELD Broker Non-Votes Amy Bohutinsky 138,040,912 10,993,000 8,479,853 Bonnie Ross 148,237,642 796,270 8,479,853 Jim Shelton 145,587,925 3,445,987 8,479,853”
Earnings Releases

Duolingo, Inc. reported Q1 2026 results: revenue 292.0M, net income 43.5M.

“User Metrics Q1 2025 Q1 2026 Daily Active Users 46.6M 56.5M 21% YoY Paid Subscribers 10.3M 12.5M at period end 21% YoY Financial Metrics Q1 2025 Q1 2026 Revenue $230.7M $292.0M 27% YoY Total Bookings $271.6M $308.5M 14% YoY Net Income $35.1M $43.5M 15.2% margin 14.9% margin Adjusted EBITDA $62.8M $83.4M 27.2% margin 28.6% margin Net Cash Provided by”

Mario Schlosser was appointed as Class I director at Duolingo, Inc..

“On June 14, 2024, the Board of Directors (the “Board”) of Duolingo, Inc. (the “Company”) appointed Mario Schlosser to serve as a Class I director on the Company’s Board to fill the vacancy created from Ms. Laela Sturdy’s departure, effective as of July 1, 2024.”

Laela Sturdy departed as Class I director at Duolingo, Inc..

“the vacancy created from Ms. Laela Sturdy’s departure”
Earnings Releases

Duolingo, Inc. updated its the three months ended March 31, 2024 guidance (raised).

“On May 8, 2024, Duolingo, Inc. (the "Company") issued a press release announcing the financial results of the Company for the three months ended March 31, 2024 (the "Earnings Release")”
Earnings Releases

Duolingo, Inc. reported the first quarter ended March 31, 2024 results: revenue $167.6 million, net income $27.0 million. Guidance raised.

“million, an increase of 54% from the prior year quarter and monthly active users (MAUs) were 97.6 million, an increase of 35% from the prior year quarter; • Total revenues were $167.6 million, an increase of 45% from the prior year quarter; • Net income was $27.0 million, compared to a net loss of $2.6 million in the prior year quarter; • Adjusted EBITDA was $44.0”

Laela Sturdy resigned as Director at Duolingo, Inc..

“Laela Sturdy notified the Company of her resignation from the Company’s Board of Directors, including its Audit Committee and its Mergers and Acquisition Committee, effective as of such date.”
Debt Financings

Duolingo, Inc. amended lease obligation with 5704 Penn Office, LLC. at increase by approximately 2.0% per annum maturing April 30, 2036.

“(the “Company”) entered into an Office Lease Agreement (the “Lease”) with 5704 Penn Office, LLC. (the "Landlord"), to lease approximately 38,000 square feet of office space located at Liberty East at 141 South Saint Clair Street, Pittsburgh, Pennsylvania (the “Premises”) for additional office space.”
Material Agreements

Duolingo, Inc. amended First Amendment to the Lease with 5704 Penn Office, LLC valued at approximately $188,000 per month; approximately $394,000 per month; improvement allowance of up to a (effective 2024-03-04).

“On March 4, 2024, the Company entered into the First Amendment to the Lease (the “First Amendment”), which, among other things, increases the leased square footage by 110,008 square feet to a total of 148,266 square feet beginning on August 1, 2025, with an expiration date of April 30, 2036.”
Earnings Releases

Duolingo, Inc. reported financial results for the fourth quarter and full year ended December 31, 2023.

“On February 28, 2024, Duolingo, Inc. (the “Company”) issued a press release announcing the financial results of the Company for the three and twelve months ended December 31, 2023.”
Material Agreements

Duolingo, Inc. entered into Agreement of Sub-Sublease with Spotify USA Inc. valued at initial base rent is $62 per rentable square foot per annum (i.e., $442,608 per month) (effective 2023-12-18).

“On December 18, 2023, Duolingo, Inc. (the “Company”), as sub-subtenant, entered into an Agreement of Sub-Sublease, dated December 18, 2023 (the “Sub-Sublease”), with Spotify USA Inc., as Sub-Sublandlord (the “Sub-Sublandlord”) for 85,666 square feet of office space in the building located at 4 World Trade Center, 150 Greenwich Street, New York, New York 10007 for use as additional office space.”
Governance Changes

Duolingo, Inc.: Amended and restated bylaws to address universal proxy rules, enhance stockholder nomination disclosure, require white proxy card for board nominees, and align with Delaware law changes (effective 2023-12-07).

“On December 7, 2023, the Board of Directors (the “Board”) of Duolingo, Inc. (the “Company”) approved the amendment and restatement of the Company’s bylaws (the “Amended and Restated Bylaws”), which became effective the same day.”
Earnings Releases

Duolingo, Inc. reported second quarter ended June 30, 2023 results: revenue $126.8 million, net income $3.7 million. Guidance raised.

“Total revenues were $126.8 million, an increase of 44% from the prior year quarter; • Net income totaled $3.7 million”
Shareholder Votes

Duolingo, Inc. shareholders approved Advisory vote on the frequency of future advisory votes on executive compensation at the 2023-06-15 meeting.

“ONE Year TWO Years THREE Years ABSTAIN 150,354,470 38,079 5,891 16,627”
Shareholder Votes

Duolingo, Inc. shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for 2023 at the 2023-06-15 meeting.

“Votes FOR Votes AGAINST ABSTAIN Broker Non-Votes 154,146,988 5,271 74,699 —”
Shareholder Votes

Duolingo, Inc. shareholders approved Election of three Class II directors to hold office until the 2026 annual meeting at the 2023-06-15 meeting.

“NOMINEE Votes FOR Votes WITHHELD Broker Non-Votes Amy Bohutinsky 139,148,371 11,266,696 3,811,891 Gillian Munson 144,031,471 6,383,596 3,811,891 Jim Shelton 142,436,646 7,978,421 3,811,891”
Earnings Releases

Duolingo, Inc. reported first quarter ended March 31, 2023 results: revenue $115.7 million, net income $2.6 million. Guidance raised.

“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.”
Earnings Releases

Duolingo, Inc. reported the fourth quarter and full year ended December 31, 2022 results: revenue $103.8 million. Guidance reaffirmed.

“users (MAUs) grew 43% to 60.7 million from the prior year quarter and Daily active users (DAUs) grew 62% to 16.3 million from the prior year quarter; • Total revenues were $103.8 million, an increase of 42% from the prior year quarter; • Net loss totaled $13.9 million, compared to a net loss of $17.5 million in the prior year quarter; • Adjusted EBITDA was $5.2”
Earnings Releases

Duolingo, Inc. reported third quarter ended September 30, 2022 results: revenue Total revenues were $96.1 million, net income Net loss totaled $18.4 million. Guidance raised.

“users (MAUs) grew 35% to 56.5 million from the prior year quarter and Daily active users (DAUs) grew 51% to 14.9 million from the prior year quarter; • Total revenues were $96.1 million, an increase of 51% from the prior year quarter; • Net loss totaled $18.4 million, compared to a net loss of $29.0 million in the prior year quarter; • Adjusted EBITDA was $2.1”

John Lilly was appointed as Class I director at Duolingo, Inc..

“appointed John Lilly to serve as a Class I director on the Company’s Board and as a member of the Compensation and Leadership Committee, in each case, effective as of December 15 , 2021.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.