Duolingo, Inc. (DUOL) Announced Q1 2026 Earnings on May 4, 2026, Reporting "adjusted EBITDA of $83 million".

During the Q1 2026 earnings call, CFO Gilian Munson reported that Duolingo "delivered adjusted EBITDA of $83 million, which is about 29% of our revenue" for the quarter.

The company entered the second quarter with "over $1 billion in cash, no debt" and expects to "generate over $350 million in free cash flow this year". Munson also noted that under their buyback authorization, "repurchases to date are 514,000 shares or about 1% of our fully diluted shares outstanding".CEO Luis von Ahn highlighted the company strategic focus to prioritize teaching better, noting that "DAUs grew 21% year-over-year" for the quarter.

The company introduced spoken tokens, started rolling out speaking adventures, and launched Flash Cards to help learners build fast recall.

Duolingo also reached a major content milestone by offering courses up to professional proficiency across all 9 of their most learned languages, and "published 20,500 course units" in the first quarter.

Management outlined efforts to find monetization tactics that are not at odds with daily active user growth, including experimenting with one-month and three-month free trials. In terms of international expansion, Asia remains the fastest-growing region, and the company highlighted successful brand partnerships, including an upcoming partnership with McDonald's in China.

For the full year 2026, management provided point estimates of "bookings growth of roughly 10.5% and revenue growth of roughly 16.1% and an adjusted EBITDA margin of 25.7%". For the second quarter, guidance includes "expected Q2 bookings growth of about 6%", "about 17% growth in Q2 for revenue", an "approximately 71%" gross margin in Q2, and an "adjusted EBITDA margin in Q2 should be roughly 24%".