Duolingo, Inc.
DUOLQ4 2024(DUOL Q3 FY2024)Estimated32% AI
AI Revenue %
32%
AI Fair Value
$730.9M
AI Revenue (Q)
$121.6M
Total Revenue (Q)
$380.1M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q3 2024 total revenue was $192,594K (from Q3 2025 10-Q comparative). 9M 2024 total was $538,474K. Filing notes section was extracted but income statement and revenue disaggregation were not available in the truncated filing. The company completed two acquisitions in July 2024 adding engineering and design talent ($7,500K total consideration). AI risk factor language unchanged. Estimate of 32% reflects continued expansion of AI features including Duolingo Max, AI content generation, Birdbrain engine, and growing premium subscriber base. Math: 32% x $192,594K = ~$61,630K attributed to AI.
Analyzed by claude-opus-4-6
Quoted Figures
Q3 2024 Revenues $192,594K and 9M 2024 Revenues $538,474K
10-Q filed for period ending September 30, 2025, Income Statement comparative period
Regulatory and legislative developments on the use of artificial intelligence (AI) and machine learning could adversely affect our use of such technologies in our products and services.
10-Q filed for period ending September 30, 2024, Risk Factors Summary
AI Products Identified (Ring 1)
Birdbrain adaptive learning engineDuolingo Max (GPT-4 Roleplay, Explain My Answer)AI-generated contentAI-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 ($192,594K)
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix