canar.ai
Rankings/DUOL/Q3 2025 Analysis

Duolingo, Inc.

DUOL
Q3 2025(DUOL Q2 FY2025)Estimated40% AI
AI Revenue %
40%
AI Fair Value
$1.1B
AI Revenue (Q)
$138.4M
Total Revenue (Q)
$345.9M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.gov

Analysis

Q2 2025 total revenue was $252,265K (41.5% YoY growth from $178,327K in Q2 2024). H1 2025 total was $483,008K. Gross profit was $182,581K (72.4% margin). Net income was $44,781K. The filing continues to specifically identify AI and machine learning as a key business risk/opportunity. Duolingo's AI integration is now deeply embedded: Birdbrain AI powers all adaptive learning, GPT-4 features in Duolingo Max, AI generates content across languages, AI Video Call for conversation practice, and the company has publicly described replacing ~100 contractor jobs with AI. Estimate of 40% reflects the maturing AI premium tier, AI-driven efficiency gains in content creation, and AI's increasing role in subscriber acquisition and retention. Math: 40% x $252,265K = ~$100,906K attributed to AI.
Analyzed by claude-opus-4-6

Quoted Figures

Q2 2025: Revenues $252,265. Cost of revenues $69,684. Gross profit $182,581. H1 2025: Revenues $483,008. Net income $79,916.
10-Q filed for period ending June 30, 2025, Condensed Consolidated Statements of Operations
the success of our development, implementation and use of artificial intelligence and machine learning technologies
10-Q filed for period ending June 30, 2025, Forward-Looking Statements

AI Products Identified (Ring 1)

Birdbrain adaptive learning engineDuolingo Max (GPT-4 Roleplay, Explain My Answer, Video Call)AI-generated content replacing human contractorsAI-powered personalization

AI-Enabled Items (Ring 2 — Not Counted)

These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.

Total revenue ($252,265K)Gross profit ($182,581K)

Confidence Tier

EstimatedNo direct AI revenue disclosure — estimated from product mix