Duolingo, Inc. (BMV:DUOL)
Mexico flag Mexico · Delayed Price · Currency is MXN
6,768.00
-357.00 (-5.01%)
At close: Jul 16, 2025

Duolingo Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2024FY 2023FY 2022FY 2021FY 20202019
Period Ending
Mar '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 2019
811.21748.02531.11369.5250.77161.7
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Revenue Growth (YoY)
39.15%40.84%43.74%47.34%55.09%128.51%
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Cost of Revenue
225.1203.65142.1199.4369.1945.99
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Gross Profit
586.11544.38389270.06181.59115.71
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Selling, General & Admin
260.48245.51207.57184.82137.7678.7
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Research & Development
254.57235.06194.35150.44103.8353.02
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Operating Expenses
515.05480.57401.93335.26241.59131.72
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Operating Income
71.0663.81-12.92-65.2-60.01-16.01
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Interest & Investment Income
43.0842.731.097.240.020.23
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Currency Exchange Gain (Loss)
-1.36-2.990.28-0.680.03-
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Other Non Operating Income (Expenses)
-----0.07
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EBT Excluding Unusual Items
112.78103.5218.45-58.64-59.96-15.71
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Merger & Restructuring Charges
-0.77-0.77----
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Gain (Loss) on Sale of Assets
---0.33---
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Asset Writedown
-0.24-0.24----
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Other Unusual Items
-0.3-0.2-0.34---
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Pretax Income
111.47102.3117.78-58.64-59.96-15.71
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Income Tax Expense
14.7113.731.710.940.180.07
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Net Income
96.7588.5716.07-59.57-60.14-15.78
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Net Income to Common
96.7588.5716.07-59.57-60.14-15.78
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Net Income Growth
112.15%451.28%----
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Shares Outstanding (Basic)
444441392313
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Shares Outstanding (Diluted)
474747392313
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Shares Change (YoY)
-1.70%1.24%17.87%68.44%84.00%-
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EPS (Basic)
2.192.040.39-1.51-2.57-1.24
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EPS (Diluted)
2.041.880.35-1.51-2.57-1.24
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EPS Growth
114.70%437.14%----
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Free Cash Flow
295.62273.4150.4248.095.5814.33
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Free Cash Flow Per Share
6.245.803.231.220.241.13
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Gross Margin
72.25%72.78%73.24%73.09%72.41%71.56%
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Operating Margin
8.76%8.53%-2.43%-17.64%-23.93%-9.90%
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Profit Margin
11.93%11.84%3.02%-16.12%-23.98%-9.76%
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Free Cash Flow Margin
36.44%36.55%28.32%13.02%2.23%8.86%
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EBITDA
83.4374.66-5.83-60.33-57.28-14.39
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EBITDA Margin
10.29%9.98%-1.10%-16.33%-22.84%-8.90%
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D&A For EBITDA
12.3710.857.14.872.731.62
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EBIT
71.0663.81-12.92-65.2-60.01-16.01
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EBIT Margin
8.76%8.53%-2.43%-17.64%-23.93%-9.90%
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Effective Tax Rate
13.20%13.42%9.62%---
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Advertising Expenses
-62.3752.9748.1142.9627.35
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Source: S&P Global Market Intelligence. Standard template. Financial Sources.