Duolingo, Inc. (DUOL) Form 8-K — Aug 5, 2026

$DUOLForm 8-KItems 2.02, 9.01Filed Aug 5, 2026, 4:04 PM ET0001628280-26-053299Original filing

Duolingo reported Q2 2026 revenue of $298.5 million, up 18% year over year, with total bookings of $289.1 million, up 8%. Daily active users grew 23% to 58.7 million, an acceleration from Q1 that management attributed to product improvements, expanded creator and performance marketing, and a one-time Streak Revival event that brought back 15.4 million learners. Net income was $33.2 million, down 26% from a year ago on a sharply higher tax provision and deliberate growth investment, while Adjusted EBITDA came in at $77.3 million (25.9% margin) and free cash flow at $78.6 million.

Key figures

Eps: basic $0.71; diluted $0.66
Revenue: $298.5 million
Guidance: FY2026: bookings ~$1,285M (+10.9% YoY), revenue ~$1,207M (+16.3%), Adjusted EBITDA ~$320M (26.5% margin, raised ~1pt). Q3 2026: bookings ~$307M (+8.9%), revenue ~$302M (+11.1%), Adjusted EBITDA ~$76M (25.2% margin). Gross margin ~71.0% Q3 / ~71.6% FY.
Net Income: $33.2 million (down 26% YoY; 11.1% margin)
Revenue Yoy: 18% (17% constant currency)
Cash Position: ~$1.3 billion (cash $1,180.9M plus short-term investments $133.0M)
Shares Outstanding: 46.7M common outstanding; ~50.7M fully diluted
Curr: 84% (all-time high, up ~1pt YoY)
Q2 buyback: $44.4 million (~432 thousand shares)
Gross margin: 72.6% (beat ~71.0% expectation)
Sbc guidance: ~15.0% of revenue in 2026
Free cash flow: $78.6M (26.3% margin)
Fx sensitivity: ~$4M H2 bookings impact per 1% change in USD
Total bookings: $289.1M (+8% YoY; 6% constant currency)
Adjusted ebitda: $77.3M (25.9% margin vs 31.2% prior year)
Buyback program: $400 million
Paid subscribers: 12.7M (+17% YoY)
Expected dilution: 3.5-4.0% from equity grants before buybacks
Cumulative buyback: $71.9 million (~708 thousand shares through August 1, 2026)
Daily active users: 58.7M (+23% YoY)
Monthly active users: 140.6M (+10% YoY)
Subscription bookings: $250.3M (+10% YoY)
Share price jun 30 2026: $115.02
Streak revival learners: 15.4 million (nearly 8M had no active streak)

Price after filing

1 day: 0.0%7 days: -2.3%30 days: +15.3%

Close on the filing date to close N calendar days later (from $137.75). Historical, not a forecast.

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