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Duolingo (DUOL) free cash flow by quarter

Duolingo's free cash flow was $75.3M in Q3 2026 (third quarter 2026), -4% from Q2 2026. Over the last 7 quarters it ranged from $75.3M (Q3 2026) to $148M (Q1 2026).

Duolingo free cash flow by quarterDuolingo free cash flow by quarter$104MQ1 2025$89.5MQ2 2025$79.4MQ3 2025$93.7MQ4 2025$148MQ1 2026$78.6MQ2 2026$75.3MQ3 2026
QuarterFree cash flowQ/QY/Y
Q3 2026$75.3M-4%-5%
Q2 2026$78.6M-47%-12%
Q1 2026$148M+58%+42%
Q4 2025$93.7M+18%—
Q3 2025$79.4M-11%—
Q2 2025$89.5M-14%—
Q1 2025$104M——

Q3 2026 at a glance

Duolingo, Q3 2026: revenue $309M (+14% year over year), operating margin 7.8%, net earnings $27.2M, operating cash flow $89.4M. The chart follows the revenue to costs, profit and cash.

Questions

What is Duolingo's free cash flow?

Duolingo's free cash flow was $75.3M in Q3 2026 (third quarter 2026), -4% from Q2 2026.

How has Duolingo's free cash flow changed?

Over the last 7 quarters it ranged from $75.3M (Q3 2026) to $148M (Q1 2026).

Q3 2026 results → · How Duolingo makes money →