# Duolingo, Inc.
Duolingo operates a mobile-first language learning platform accessible across the United States, United Kingdom, and international markets. The company delivers courses in 40 languages through its flagship Duolingo app, with Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese among its most widely used offerings. The platform employs gamified learning mechanics designed to encourage daily user engagement. Beyond language instruction, Duolingo provides Duolingo English Test, a digital English language proficiency assessment exam that serves as an alternative to traditional standardized testing.
The company generates revenue primarily through a freemium model, monetizing users through premium subscriptions, in-app purchases, and advertising. Duolingo reported approximately 5 million paying subscribers as of recent disclosures, with a substantially larger base of free users. The platform attracts learners across diverse age groups and proficiency levels, from children to adults seeking professional language credentials.
Incorporated in Delaware in 2011, Duolingo maintains headquarters in Pittsburgh, Pennsylvania. The company maintains a market capitalization of approximately 5.4 billion dollars and operates with a distributed workforce supporting product development, user acquisition, and international market expansion.
Fiscal years are as reported by the company and may not align with the calendar year. For example, Apple's FY 2024 ends in September 2024.
| Fiscal Year | EPS Diluted | EPS Basic | YoY | |
|---|---|---|---|---|
| 2025 | $8.57 | $9.05 | +355.9% | |
| 2024 | $1.88 | $2.04 | +437.1% | |
| 2023 | $0.35 | $0.39 | +123.2% | |
| 2022 | $-1.51 | $-1.51 | +41.2% | |
| 2021 | $-2.57 | $-2.57 | — |