Duolingo, Inc. (BKK:DUOL06)
Thailand · Delayed Price · Currency is THB 2.720
-0.100 (-3.55%)
At close: Jan 30, 2026
Duolingo Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
Period Ending | Sep '25 Sep 30, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 |
| 964.27 | 748.02 | 531.11 | 369.5 | 250.77 | 161.7 | |
Revenue Growth (YoY) | 39.86% | 40.84% | 43.74% | 47.34% | 55.09% | 128.51% |
Cost of Revenue | 270.06 | 203.65 | 142.11 | 99.43 | 69.19 | 45.99 |
Gross Profit | 694.21 | 544.38 | 389 | 270.06 | 181.59 | 115.71 |
Selling, General & Admin | 292.45 | 245.51 | 207.57 | 184.82 | 137.76 | 78.7 |
Research & Development | 290.13 | 235.06 | 194.35 | 150.44 | 103.83 | 53.02 |
Operating Expenses | 582.58 | 480.57 | 401.93 | 335.26 | 241.59 | 131.72 |
Operating Income | 111.63 | 63.81 | -12.92 | -65.2 | -60.01 | -16.01 |
Interest & Investment Income | 44.33 | 42.7 | 31.09 | 7.24 | 0.02 | 0.23 |
Currency Exchange Gain (Loss) | -0.07 | -2.99 | 0.28 | -0.68 | 0.03 | - |
Other Non Operating Income (Expenses) | - | - | - | - | - | 0.07 |
EBT Excluding Unusual Items | 155.9 | 103.52 | 18.45 | -58.64 | -59.96 | -15.71 |
Merger & Restructuring Charges | -4.83 | -0.77 | - | - | - | - |
Gain (Loss) on Sale of Assets | - | - | -0.33 | - | - | - |
Asset Writedown | -0.24 | -0.24 | - | - | - | - |
Other Unusual Items | -0.57 | -0.2 | -0.34 | - | - | - |
Pretax Income | 150.26 | 102.31 | 17.78 | -58.64 | -59.96 | -15.71 |
Income Tax Expense | -235.76 | 13.73 | 1.71 | 0.94 | 0.18 | 0.07 |
Net Income | 386.02 | 88.57 | 16.07 | -59.57 | -60.14 | -15.78 |
Net Income to Common | 386.02 | 88.57 | 16.07 | -59.57 | -60.14 | -15.78 |
Net Income Growth | 344.80% | 451.28% | - | - | - | - |
Shares Outstanding (Basic) | 45 | 44 | 41 | 39 | 23 | 13 |
Shares Outstanding (Diluted) | 48 | 47 | 47 | 39 | 23 | 13 |
Shares Change (YoY) | 1.47% | 1.24% | 17.87% | 68.44% | 84.00% | - |
EPS (Basic) | 8.53 | 2.04 | 0.39 | -1.51 | -2.57 | -1.24 |
EPS (Diluted) | 8.04 | 1.88 | 0.35 | -1.51 | -2.57 | -1.24 |
EPS Growth | 338.81% | 437.14% | - | - | - | - |
Free Cash Flow | 354.56 | 273.4 | 150.42 | 48.09 | 5.58 | 14.33 |
Free Cash Flow Per Share | 7.38 | 5.80 | 3.23 | 1.22 | 0.24 | 1.13 |
Gross Margin | 71.99% | 72.78% | 73.24% | 73.09% | 72.41% | 71.56% |
Operating Margin | 11.58% | 8.53% | -2.43% | -17.64% | -23.93% | -9.90% |
Profit Margin | 40.03% | 11.84% | 3.02% | -16.12% | -23.98% | -9.76% |
Free Cash Flow Margin | 36.77% | 36.55% | 28.32% | 13.02% | 2.23% | 8.86% |
EBITDA | 125.88 | 74.66 | -5.83 | -60.33 | -57.28 | -14.39 |
EBITDA Margin | 13.05% | 9.98% | -1.10% | -16.33% | -22.84% | -8.90% |
D&A For EBITDA | 14.24 | 10.85 | 7.1 | 4.87 | 2.73 | 1.62 |
EBIT | 111.63 | 63.81 | -12.92 | -65.2 | -60.01 | -16.01 |
EBIT Margin | 11.58% | 8.53% | -2.43% | -17.64% | -23.93% | -9.90% |
Effective Tax Rate | - | 13.42% | 9.62% | - | - | - |
Advertising Expenses | - | 62.37 | 52.97 | 48.11 | 42.96 | 27.35 |
Source: S&P Global Market Intelligence. Standard template. Financial Sources.