Duolingo, Inc. (DUOL) Form 8-K — Nov 3, 2026
Duolingo reported a strong Q3 2026: revenue of $309.0M (+14% YoY), bookings of $316.1M (+12% YoY), and net income of $27.2M, with DAU growth accelerating to 29% YoY for a second consecutive quarter — up from 23% in Q2. All key metrics came in ahead of expectations, and management raised full-year guidance: FY2026 revenue of $1,221M (+18%), bookings of $1,296M (+12%), and Adjusted EBITDA of $323M (26.5% margin). Q4 DAU growth is expected to be similar to Q3.
Key figures
- Eps
- 0.54
- Revenue
- 309000000
- Guidance
- Q4 2026 bookings $382M (+13% YoY), revenue $322M (+14% YoY), Adjusted EBITDA $84M (26.1% margin); FY2026 bookings $1,296M (+12%), revenue $1,221M (+18%), Adjusted EBITDA $323M (26.5% margin). Full-year guidance raised across all key metrics.
- Net Income
- 27165000
- Revenue Yoy
- 14%
- Total Assets
- 2166163000
- Cash Position
- $1.4 billion cash and short-term investments
- Shares Outstanding
- 47.1 million common shares outstanding; 50.8 million fully diluted
- Dau
- 64.9M (+29% YoY, up from 23% growth in Q2)
- Mau
- 153.1M (+13% YoY)
- Bookings
- $316.1M (+12% YoY)
- Gross margin
- 72.9%
- Free cash flow
- $75.3M (24.4% margin)
- Fx sensitivity
- Every 1% USD move impacts Q4 bookings ~$2M
- Adjusted ebitda
- $78.7M (25.5% margin, -2% YoY)
- Paid subscribers
- 13.1M (+14% YoY)
- Stock comp guidance
- ~14% of revenue for 2026
- Share repurchases q3
- $6.4M (48,419 shares)
- Subscription bookings
- $278.4M (+16% YoY)
- Expected equity dilution
- 3.5% to 4.0% before buybacks
- Q4 gross margin guidance
- 72.0%
- Share repurchases program to date
- $82.0M (781,439 shares) of $400M program
AI analysis
Red flags5 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.