Bilingual children demonstrate varying levels of proficiency in each of the two languages to which they are exposed. Even though it is widely acknowledged that bilingual children are not a homogenous group, existing studies on dual-language profiles in bilingual children have focused on expressive language profiles. In this study, we used the normative data from the Quick Interactive Language Screener: English-Spanish (QUILS:ES; de Villiers et al., 2021; Iglesias et al., 2021) and latent profile analysis to identify dual-language profiles in receptive language skills in a large sample of Spanish-English bilingual preschoolers. We also examined demographic, dual-language experience, and home literacy environment factors that contributed to receptive dual-language profile membership. The optimal model represents a three-profile solution, including a balanced-low profile, an English-dominant average profile, and a balanced-high profile. Comparing participants' profile membership against their age and risk status for language impairment based on the QUILS:ES screening results, we found that while being in an older age group significantly increases a child's likelihood of being in a balanced-high profile, an older child displaying a balanced-low profile is at a higher risk for language impairment. Age, socioeconomic status, and home literacy environment factors were found to be associated with strong dual-language skills, whereas (relative) dual-language experience did not predict profile membership. Together, these findings extend previous work that examined the heterogeneity within Spanish-English bilingual children by demonstrating substantial variability in their receptive language skills and providing insights into malleable factors that may be targeted to support dual-language development.