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Duolingo revenue
Duolingo's revenue is $748.0 million.
What is Duolingo's revenue?
- Duolingo's revenue growth from 2020 to 2024 is 362.61%.
- Duolingo has 170 employees, and the revenue per employee ratio is $4,400,141.
- Duolingo's peak quarterly revenue was $209.6M in 2024(q4).
- Duolingo peak revenue was $748.0M in 2024.
- Duolingo annual revenue for 2023 was 531.1M, 43.74% growth from 2022.
- Duolingo annual revenue for 2024 was 748.0M, 40.84% growth from 2023.
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Duolingo historical revenue
Duolingo's peak revenue was $748.0M in 2024. The peak quarterly revenue was $209.6M in 2024(q4).
Duolingo's revenue increased from $161.7m in 2020 to $748.0M currently. That's a 362.61% change in annual revenue.
Duolingo annual revenue
Duolingo annual revenue over time
| Fiscal year / year | Duolingo revenue |
|---|---|
| 2020 | $161.7M |
| 2021 | $250.8M |
| 2022 | $369.5M |
| 2023 | $531.1M |
| 2024 | $748.0M |
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Duolingo annual growth
Duolingo saw the greatest revenue growth in 2021, when revenue increased by 55.09%.
Duolingo had the lowest revenue growth in 2022, when revenue changed by 47.34%.
Duolingo annual growth rate over time
| Year | Duolingo growth |
|---|---|
| 2021 | 55%↑ |
| 2022 | 47%↑ |
| 2023 | 44%↑ |
| 2024 | 41%↑ |
Duolingo quarterly revenue over time
- Q1
- Q2
- Q3
- Q4
Duolingo quarterly growth rate over time
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2021 | - | $58.8M | $63.6M | $73.0M |
| 2022 | $81.2M | $88.4M | $96.1M | $103.8M |
| 2023 | $115.7M | $126.8M | $137.6M | $151.0M |
| 2024 | $167.6M | $178.3M | $192.6M | $209.6M |
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Duolingo financial information
| CEO | Luis von Ahn |
| Industry | Software & Services |
| Company Type | Public |
| Employees Number | 170 |
| Date Founded | 2011 |
| Headquarters | Pittsburgh, Pennsylvania |
| Number of Locations | 4 |
| Revenue | $748.0M |
| Net Income | -$59,574,000 |
| Gross Proft | $544.4M (2024) |
| Tax Rate | 0.1% |
| Total Assets | $747,347,000 |
| Ticker | DUOL |
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Duolingo financing
Duolingo received early financing of $3.3M on 2011-10-19.
| Series | Round size | Date |
|---|---|---|
| Series A | $3.3M | 10/2011 |
| Series B | $15M | 09/2012 |
| Series C | $20M | 02/2014 |
| Series D | $45M | 06/2015 |
| Series E | $25M | 07/2017 |
| Series F | $30M | 12/2019 |
| Series G | $10M | 04/2020 |
| Series H | $35M | 11/2020 |
Duolingo investors
| Investors | Security type |
|---|---|
| Union Square Ventures | Series A |
| Ashton Kutcher | Series A |
| Tim Ferriss | Series A |
| Union Square Ventures | Series B |
| New Enterprise Associates (NEA) | Series B |
| Union Square Ventures | Series C |
| New Enterprise Associates (NEA) | Series C |
| Kleiner Perkins | Series C |
| Tim Ferriss | Series D |
| Union Square Ventures | Series D |
| New Enterprise Associates (NEA) | Series D |
| A-Grade Investments | Series D |
| Kleiner Perkins | Series D |
| CapitalG | Series D |
| Drive Capital | Series E |
| CapitalG | Series F |
| General Atlantic | Series G |
| ARCTIC VENTURES INC | Series H |
| General Atlantic | Series H |
| Durable Capital Partners LP | Series H |
Duolingo competitors
Duolingo's top competitor, Google, earned an annual revenue of $350.0B.
Duolingo's smallest competitor is Creative Commons with revenue of $2.0M last year.
| Company name | Average salary | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| $135,189 | $3.0B | 15,000 | 434 | |
| wikiHow | $72,135 | $16.0M | 249 | - |
| Yammer | $83,798 | $50.0M | 85 | - |
| $140,774 | $350.0B | 139,995 | 3,839 | |
| Box | $108,057 | $1.1B | 1,934 | 133 |
| Adobe | $119,996 | $21.5B | 11,847 | 928 |
| IBM | $86,845 | $62.8B | 270,000 | 3,612 |
| Coursera | $131,082 | $694.7M | 1,138 | - |
| Cloudflare | $139,785 | $1.7B | 2,432 | 290 |
| Udacity | $103,055 | $100.0M | 4,215 | 15 |
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Zippia gives an in-depth look into the details of Duolingo, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Duolingo. The employee data is based on information from people who have self-reported their past or current employments at Duolingo. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Duolingo. The data presented on this page does not represent the view of Duolingo and its employees or that of Zippia.
Duolingo may also be known as or be related to Duolingo and Duolingo, Inc.