Filing Flows › Duolingo (DUOL) › Q2 2026 › vs Q1 2026
Duolingo (DUOL) Q2 2026 vs Q1 2026 (quarter over quarter)
Duolingo's revenue rose $6.5M (+2%) from $292M in Q1 2026 to $298M in Q2 2026. The biggest changes: Subscription +$7.1M (+3%); Duolingo English Test −$1.2M (-11%); Other +$574K (+84%). Gross margin 72.6% against 73.0% (-0.4 pts).
Duolingo, Q2 2026: revenue $298M (+18% year over year), operating margin 11.4%, net earnings $33.2M, operating cash flow $88.3M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 72.6% | 73.0% | -0.4 pts |
| Operating margin | 11.4% | 15.3% | -3.9 pts |
| Net margin | 11.1% | 14.9% | -3.8 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Subscription | $258M | $251M | $7.1M | +3% |
| Advertising | $21.1M | $20.6M | $438K | +2% |
| Duolingo English Test | $10.1M | $11.3M | −$1.2M | -11% |
| IAPs | $8.0M | $8.4M | −$444K | -5% |
| Other | $1.3M | $682K | $574K | +84% |
| Revenue | $298M | $292M | $6.5M | +2% |
| Gross profit | $217M | $213M | $3.6M | +2% |
| Cost of revenue | $81.7M | $78.9M | $2.8M | +4% |
| Other income, net | $11.4M | $11.0M | $396K | +4% |
| Operating profit | $33.9M | $44.5M | −$10.6M | -24% |
| Operating expenses | $183M | $169M | $14.2M | +8% |
| Pre-tax earnings | $45.4M | $55.6M | −$10.2M | -18% |
| Research & development | $92.2M | $83.0M | $9.2M | +11% |
| Sales & marketing | $40.0M | $39.2M | $758K | +2% |
| General & admin | $50.6M | $46.3M | $4.2M | +9% |
| Net earnings | $33.2M | $43.5M | −$10.3M | -24% |
| Income tax | $12.2M | $12.1M | $116K | +1% |
| Depreciation & amortization | $4.2M | $4.2M | $56K | +1% |
| Share-based compensation | $38.2M | $34.6M | $3.6M | +10% |
| Working capital & other | $12.6M | $68.5M | −$55.8M | -82% |
| Operating cash flow | $88.3M | $151M | −$62.5M | -41% |
Questions
How much did Duolingo's revenue grow quarter over quarter in Q2 2026?
Duolingo's revenue rose $6.5M (+2%) from $292M in Q1 2026 to $298M in Q2 2026.
What drove Duolingo's revenue change in Q2 2026?
Subscription +$7.1M (+3%); Duolingo English Test −$1.2M (-11%); Other +$574K (+84%).