Duolingo, Inc. (DUOL)
NASDAQ: DUOL · Real-Time Price · USD
342.12
+6.90 (2.06%)
Dec 20, 2024, 4:00 PM EST - Market closed
Duolingo Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
Period Ending | Sep '24 Sep 30, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | Dec '19 Dec 31, 2019 |
| Revenue | 689.46 | 531.11 | 369.5 | 250.77 | 161.7 | 70.76 |
| Revenue Growth (YoY) | 42.47% | 43.74% | 47.34% | 55.09% | 128.51% | - |
| Cost of Revenue | 185.29 | 142.11 | 99.43 | 69.19 | 45.99 | 20.74 |
| Gross Profit | 504.17 | 389 | 270.06 | 181.59 | 115.71 | 50.02 |
| Selling, General & Admin | 230.67 | 207.57 | 184.52 | 137.76 | 78.7 | 31.36 |
| Research & Development | 219.16 | 194.35 | 150.44 | 103.83 | 53.02 | 31.56 |
| Operating Expenses | 449.82 | 401.93 | 334.96 | 241.59 | 131.72 | 62.92 |
| Operating Income | 54.34 | -12.92 | -64.9 | -60.01 | -16.01 | -12.9 |
| Interest & Investment Income | 41.28 | 31.09 | 7.24 | 0.02 | 0.23 | - |
| Currency Exchange Gain (Loss) | 0.31 | 0.28 | -0.68 | 0.03 | - | - |
| Other Non Operating Income (Expenses) | - | - | - | - | 0.07 | 0.57 |
| EBT Excluding Unusual Items | 95.94 | 18.45 | -58.34 | -59.96 | -15.71 | -12.33 |
| Merger & Restructuring Charges | -0.74 | - | -0.19 | - | - | - |
| Gain (Loss) on Sale of Assets | -0.02 | -0.33 | - | - | - | - |
| Asset Writedown | - | - | - | - | - | -1.23 |
| Other Unusual Items | -0.1 | -0.34 | -0.11 | - | - | - |
| Pretax Income | 95.09 | 17.78 | -58.64 | -59.96 | -15.71 | -13.55 |
| Income Tax Expense | 8.3 | 1.71 | 0.94 | 0.18 | 0.07 | - |
| Net Income | 86.78 | 16.07 | -59.57 | -60.14 | -15.78 | -13.55 |
| Net Income to Common | 86.78 | 16.07 | -59.57 | -60.14 | -15.78 | -13.55 |
| Shares Outstanding (Basic) | 43 | 41 | 39 | 23 | 13 | - |
| Shares Outstanding (Diluted) | 47 | 47 | 39 | 23 | 13 | - |
| Shares Change (YoY) | 15.60% | 17.87% | 68.44% | 84.00% | - | - |
| EPS (Basic) | 2.02 | 0.39 | -1.51 | -2.57 | -1.24 | - |
| EPS (Diluted) | 1.83 | 0.35 | -1.51 | -2.57 | -1.24 | - |
| Free Cash Flow | 240.28 | 150.42 | 48.09 | 5.58 | 14.33 | -1.62 |
| Free Cash Flow Per Share | 5.08 | 3.23 | 1.22 | 0.24 | 1.13 | - |
| Gross Margin | 73.13% | 73.24% | 73.09% | 72.41% | 71.56% | 70.69% |
| Operating Margin | 7.88% | -2.43% | -17.56% | -23.93% | -9.90% | -18.23% |
| Profit Margin | 12.59% | 3.03% | -16.12% | -23.98% | -9.76% | -19.15% |
| Free Cash Flow Margin | 34.85% | 28.32% | 13.02% | 2.23% | 8.86% | -2.29% |
| EBITDA | 63.58 | -5.83 | -60.03 | -57.28 | -14.39 | -12.37 |
| EBITDA Margin | 9.22% | -1.10% | -16.25% | -22.84% | -8.90% | -17.48% |
| D&A For EBITDA | 9.24 | 7.1 | 4.87 | 2.73 | 1.62 | 0.53 |
| EBIT | 54.34 | -12.92 | -64.9 | -60.01 | -16.01 | -12.9 |
| EBIT Margin | 7.88% | -2.43% | -17.56% | -23.93% | -9.90% | -18.23% |
| Effective Tax Rate | 8.73% | 9.62% | - | - | - | - |
| Advertising Expenses | - | 52.97 | 48.11 | 42.96 | 27.35 | - |
Source: S&P Capital IQ. Standard template. Financial Sources.