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Duolingo Inc. (DUOL)

NASDAQ: DUOL · Real-Time Price · USD

478.07

-3.41 (-0.71%)

At close: Jun 13, 2025, 3:59 PM

480.00

0.40%

After-hours: Jun 13, 2025, 05:41 PM EDT

Duolingo Income Statement

Financials in USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	748.02M	531.11M	369.5M	250.77M	161.7M	70.76M
Cost of Revenue	203.65M	142.1M	99.43M	69.19M	45.99M	20.74M
Gross Profit	544.38M	389M	270.06M	181.59M	115.71M	50.02M
Operating Income	62.59M	-13.26M	-65.19M	-60.01M	-16.01M	-12.9M
Interest Income	42.7M	31.09M	7.24M	19K	231K	n/a
Pretax Income	102.31M	17.78M	-58.64M	-59.96M	-15.71M	-13.55M
Net Income	88.57M	16.07M	-59.57M	-60.13M	-15.78M	-14.78M
Selling & General & Admin	246.49M	207.91M	184.81M	137.76M	78.7M	31.36M
Research & Development	235.3M	194.35M	150.44M	103.83M	53.02M	31.56M
Other Expenses	n/a	n/a	-676K	49K	303K	571K
Operating Expenses	481.78M	402.26M	335.26M	241.59M	131.72M	62.92M
Interest Expense	n/a	n/a	7.24M	n/a	n/a	n/a
Selling & Marketing Expenses	90.49M	75.79M	66.97M	59.17M	34.98M	14.99M
Cost & Expenses	685.43M	544.37M	434.69M	310.78M	177.71M	83.66M
Income Tax Expense	13.73M	1.71M	938K	177K	68K	1.23M
Shares Outstanding (Basic)	43.5M	46.52M	39.47M	38.27M	35.89M	35.89M
Shares Outstanding (Diluted)	47.1M	46.52M	39.47M	38.27M	35.89M	35.89M
EPS (Basic)	1.88	0.35	-1.51	-1.57	-0.44	-0.41
EPS (Diluted)	1.88	0.35	-1.51	-1.57	-0.44	-0.41
EBITDA	74.66M	-5.83M	-60.03M	-57.28M	-13.76M	-11.65M
EBIT	62.59M	-13.26M	-65.19M	-60.01M	-16.01M	-12.9M
Depreciation & Amortization	10.85M	7.09M	4.87M	2.73M	2.26M	1.25M