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Side-by-side financial comparison of Duolingo, Inc. (DUOL) and QUINSTREET, INC (QNST). Click either name above to swap in a different company.
Duolingo, Inc. is the larger business by last-quarter revenue ($295.5M vs $287.8M, roughly 1.0× QUINSTREET, INC). QUINSTREET, INC runs the higher net margin — 17.4% vs 11.9%, a 5.6% gap on every dollar of revenue. On growth, Duolingo, Inc. posted the faster year-over-year revenue change (27.0% vs 1.9%). Duolingo, Inc. produced more free cash flow last quarter ($103.0M vs $20.7M). Over the past eight quarters, QUINSTREET, INC's revenue compounded faster (53.2% CAGR vs 28.7%).
Duolingo, Inc. is a leading global edtech firm operating a gamified language learning platform. It offers free and premium self-paced courses for over 40 languages, plus language certification, math learning tools, and literacy programs, serving individual learners, schools and corporate clients worldwide.
QUINSTREET, INCQNSTEarnings & Financial Report
QuinStreet, Inc. is a publicly traded online marketing company based in Foster City, California. The company helps generate web traffic for clients by acquiring popular domain names.
DUOL vs QNST — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $295.5M | $287.8M |
| Net Profit | $35.1M | $50.2M |
| Gross Margin | 55.5% | 9.6% |
| Operating Margin | 8.0% | 0.4% |
| Net Margin | 11.9% | 17.4% |
| Revenue YoY | 27.0% | 1.9% |
| Net Profit YoY | 24.0% | 3342.5% |
| EPS (diluted) | $0.72 | $0.87 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $295.5M | — | ||
| Q4 25 | $282.9M | $287.8M | ||
| Q3 25 | $271.7M | $285.9M | ||
| Q2 25 | $252.3M | — | ||
| Q1 25 | $230.7M | $269.8M | ||
| Q4 24 | $209.6M | $282.6M | ||
| Q3 24 | $192.6M | $279.2M | ||
| Q2 24 | $178.3M | $198.3M |
| Q1 26 | $35.1M | — | ||
| Q4 25 | $42.0M | $50.2M | ||
| Q3 25 | $292.2M | $4.5M | ||
| Q2 25 | $44.8M | — | ||
| Q1 25 | $35.1M | $4.4M | ||
| Q4 24 | $13.9M | $-1.5M | ||
| Q3 24 | $23.4M | $-1.4M | ||
| Q2 24 | $24.4M | $-2.2M |
| Q1 26 | 55.5% | — | ||
| Q4 25 | 72.8% | 9.6% | ||
| Q3 25 | 72.5% | 9.4% | ||
| Q2 25 | 72.4% | — | ||
| Q1 25 | 71.1% | 10.3% | ||
| Q4 24 | 71.9% | 9.5% | ||
| Q3 24 | 72.9% | 10.2% | ||
| Q2 24 | 73.4% | 8.8% |
| Q1 26 | 8.0% | — | ||
| Q4 25 | 15.4% | 0.4% | ||
| Q3 25 | 12.9% | 1.7% | ||
| Q2 25 | 13.2% | — | ||
| Q1 25 | 10.2% | 1.8% | ||
| Q4 24 | 6.6% | -0.5% | ||
| Q3 24 | 7.0% | -0.4% | ||
| Q2 24 | 10.5% | -0.7% |
| Q1 26 | 11.9% | — | ||
| Q4 25 | 14.8% | 17.4% | ||
| Q3 25 | 107.5% | 1.6% | ||
| Q2 25 | 17.8% | — | ||
| Q1 25 | 15.2% | 1.6% | ||
| Q4 24 | 6.6% | -0.5% | ||
| Q3 24 | 12.1% | -0.5% | ||
| Q2 24 | 13.7% | -1.1% |
| Q1 26 | $0.72 | — | ||
| Q4 25 | $0.99 | $0.87 | ||
| Q3 25 | $5.95 | $0.08 | ||
| Q2 25 | $0.91 | — | ||
| Q1 25 | $0.72 | $0.08 | ||
| Q4 24 | $0.31 | $-0.03 | ||
| Q3 24 | $0.49 | $-0.02 | ||
| Q2 24 | $0.51 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.1B | $107.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3B | $294.4M |
| Total Assets | $2.0B | $493.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.0B | $107.0M | ||
| Q3 25 | $1.0B | $101.3M | ||
| Q2 25 | $976.2M | — | ||
| Q1 25 | $884.0M | $81.8M | ||
| Q4 24 | $785.8M | $57.8M | ||
| Q3 24 | $854.4M | $25.0M | ||
| Q2 24 | $888.2M | $50.5M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $294.4M | ||
| Q3 25 | $1.3B | $246.7M | ||
| Q2 25 | $977.0M | — | ||
| Q1 25 | $893.8M | $235.5M | ||
| Q4 24 | $824.5M | $224.3M | ||
| Q3 24 | $822.5M | $219.8M | ||
| Q2 24 | $766.9M | $216.8M |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $493.0M | ||
| Q3 25 | $1.9B | $442.6M | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.4B | $417.2M | ||
| Q4 24 | $1.3B | $409.6M | ||
| Q3 24 | $1.2B | $401.2M | ||
| Q2 24 | $1.1B | $368.5M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $105.6M | $21.6M |
| Free Cash FlowOCF − Capex | $103.0M | $20.7M |
| FCF MarginFCF / Revenue | 34.9% | 7.2% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | 3.01× | 0.43× |
| TTM Free Cash FlowTrailing 4 quarters | $368.4M | $106.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $105.6M | — | ||
| Q4 25 | $107.3M | $21.6M | ||
| Q3 25 | $84.2M | $19.6M | ||
| Q2 25 | $90.7M | — | ||
| Q1 25 | $105.6M | $30.1M | ||
| Q4 24 | $83.3M | $38.7M | ||
| Q3 24 | $56.3M | $-13.7M | ||
| Q2 24 | $62.4M | $16.6M |
| Q1 26 | $103.0M | — | ||
| Q4 25 | $96.6M | $20.7M | ||
| Q3 25 | $79.4M | $18.4M | ||
| Q2 25 | $89.5M | — | ||
| Q1 25 | $104.3M | $29.5M | ||
| Q4 24 | $81.4M | $38.2M | ||
| Q3 24 | $53.1M | $-14.1M | ||
| Q2 24 | $56.8M | $15.4M |
| Q1 26 | 34.9% | — | ||
| Q4 25 | 34.1% | 7.2% | ||
| Q3 25 | 29.2% | 6.4% | ||
| Q2 25 | 35.5% | — | ||
| Q1 25 | 45.2% | 10.9% | ||
| Q4 24 | 38.8% | 13.5% | ||
| Q3 24 | 27.6% | -5.1% | ||
| Q2 24 | 31.9% | 7.8% |
| Q1 26 | — | — | ||
| Q4 25 | 3.8% | 0.3% | ||
| Q3 25 | 1.8% | 0.4% | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 0.6% | 0.2% | ||
| Q4 24 | 0.9% | 0.2% | ||
| Q3 24 | 1.7% | 0.2% | ||
| Q2 24 | 3.1% | 0.6% |
| Q1 26 | 3.01× | — | ||
| Q4 25 | 2.56× | 0.43× | ||
| Q3 25 | 0.29× | 4.32× | ||
| Q2 25 | 2.02× | — | ||
| Q1 25 | 3.01× | 6.82× | ||
| Q4 24 | 5.99× | — | ||
| Q3 24 | 2.41× | — | ||
| Q2 24 | 2.56× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DUOL
| Bookings | $283.5M | 96% |
| Other | $12.0M | 4% |
QNST
| Financial Service | $216.8M | 75% |
| Home Services And Other Revenue | $71.0M | 25% |
