According to SEC filings from August, revenue for the Duolingo English Test in Q2 2022 was $8,036,000.  That’s almost exactly the same as Q1 2022, and Q4 2021.  It is up about three million dollars from a year ago.

At $49 a pop, we might extrapolate that the test was taken 164,000 times in the quarter. The actual number is probably a little bit higher than that due to discounts and free tests.

Using the same math, we can assume the test was taken about 630,000 times in the twelve months ending June 30, 2022.  That’s quite an accomplishment given reports that the TOEFL iBT is taken about a million times a year.

Here are the historic revenues:

Q2 2022 – 8,036,000
Q1 2022 – 8,080,000

Q4 2021 – 8,095,000
Q3 2021 – 6,695,000
Q2 2021 – 4,833,000
Q1 2021 – 5,035,000

Q4 2020 – 4,197,000
Q3 2020 – 5,607,000
Q2 2020 – 4,598,000
Q1 2020 – 753,000

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