Duolingo, Inc. (DUOL)
NASDAQ: DUOL · Real-Time Price · USD
313.90
-23.66 (-7.01%)
At close: Apr 3, 2025, 4:00 PM
314.69
+0.79 (0.25%)
After-hours: Apr 3, 2025, 6:53 PM EDT
Duolingo Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 | Mar '21 Mar 31, 2021 | Dec '20 Dec 31, 2020 | Sep '20 Sep 30, 2020 | Jun '20 Jun 30, 2020 | Mar '20 Mar 31, 2020 |
| Revenue | 209.55 | 192.59 | 178.33 | 167.55 | 150.99 | 137.62 | 126.84 | 115.66 | 103.82 | 96.07 | 88.39 | 81.22 | 73.01 | 63.6 | 58.8 | 55.36 | 48.27 | 45.31 | 40.01 | 28.11 |
Revenue Growth (YoY) | 38.79% | 39.94% | 40.59% | 44.87% | 45.42% | 43.26% | 43.51% | 42.41% | 42.20% | 51.06% | 50.31% | 46.71% | 51.27% | 40.37% | 46.97% | 96.93% | - | - | - | - |
Cost of Revenue | 58.93 | 52.18 | 47.35 | 45.19 | 40.57 | 36.25 | 33.79 | 31.49 | 27.77 | 26.3 | 23.87 | 21.49 | 19.95 | 18.08 | 16.14 | 15.02 | 12.86 | 13.1 | 11.81 | 8.21 |
Gross Profit | 150.63 | 140.41 | 130.98 | 122.36 | 110.41 | 101.37 | 93.05 | 84.17 | 76.05 | 69.76 | 64.52 | 59.73 | 53.06 | 45.52 | 42.67 | 40.34 | 35.41 | 32.2 | 28.2 | 19.9 |
Selling, General & Admin | 70.21 | 63.46 | 56.79 | 55.05 | 55.36 | 55.62 | 49.86 | 46.73 | 49.62 | 47.77 | 45.33 | 41.8 | 40.46 | 44.87 | 22.08 | 24.34 | 30.53 | 19.38 | 16.01 | 12.78 |
Research & Development | 66.16 | 62.88 | 55.15 | 50.88 | 50.26 | 50.31 | 47.95 | 45.84 | 44.47 | 41.98 | 34.22 | 29.78 | 30.02 | 29.35 | 21.94 | 19.23 | 15.44 | 15.89 | 12.11 | 9.58 |
Operating Expenses | 136.37 | 126.34 | 111.94 | 105.92 | 105.62 | 105.93 | 97.8 | 92.58 | 94.09 | 89.75 | 79.55 | 71.58 | 70.48 | 74.22 | 44.02 | 43.57 | 45.98 | 35.27 | 28.12 | 22.35 |
Operating Income | 14.26 | 14.07 | 19.04 | 16.44 | 4.8 | -4.56 | -4.75 | -8.41 | -18.03 | -19.99 | -15.03 | -11.85 | -17.42 | -28.7 | -1.36 | -3.22 | -10.57 | -3.07 | 0.08 | -2.46 |
Interest & Investment Income | 10.7 | 11.25 | 10.72 | 10.03 | 9.28 | 8.63 | 7.54 | 5.64 | 4.27 | 2.26 | 0.67 | 0.03 | 0.02 | - | - | - | - | - | - | - |
Currency Exchange Gain (Loss) | -2.23 | 0.57 | -0.71 | -0.62 | 1.07 | -0.61 | -0.27 | 0.08 | 0.67 | -0.49 | -0.54 | -0.31 | 0.03 | - | - | - | - | - | - | - |
Other Non Operating Income (Expenses) | - | - | - | - | - | - | - | - | - | - | - | - | -0.04 | -0.22 | 0.3 | -0.04 | 0.19 | -0.09 | -0.03 | 0.23 |
EBT Excluding Unusual Items | 22.73 | 25.89 | 29.05 | 25.85 | 15.15 | 3.46 | 2.52 | -2.69 | -13.09 | -18.22 | -14.9 | -12.13 | -17.41 | -28.92 | -1.05 | -3.27 | -10.38 | -3.15 | 0.05 | -2.22 |
Merger & Restructuring Charges | -0.04 | -0.4 | -0.34 | - | - | - | - | - | -0.01 | -0.18 | - | - | - | - | - | - | - | - | - | - |
Gain (Loss) on Sale of Assets | - | - | - | - | -0.02 | -0.42 | - | 0.1 | - | - | - | - | - | - | - | - | - | - | - | - |
Asset Writedown | -0.24 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other Unusual Items | -0.1 | -0.1 | - | - | - | -0.11 | -0.11 | -0.11 | -0.11 | - | - | - | - | - | 0.88 | -10.19 | - | - | - | - |
Pretax Income | 22.35 | 25.39 | 28.71 | 25.85 | 15.13 | 2.93 | 2.41 | -2.7 | -13.21 | -18.39 | -14.9 | -12.13 | -17.41 | -28.92 | -0.18 | -13.46 | -10.38 | -3.15 | 0.05 | -2.22 |
Income Tax Expense | 8.45 | 2.03 | 4.36 | -1.11 | 3.02 | 0.13 | -1.32 | -0.12 | 0.72 | 0.05 | 0.14 | 0.03 | 0.11 | 0.05 | 0 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 |
Net Income | 13.91 | 23.36 | 24.35 | 26.96 | 12.12 | 2.81 | 3.73 | -2.58 | -13.93 | -18.45 | -15.05 | -12.15 | -17.52 | -28.97 | -0.18 | -13.47 | -10.41 | -3.18 | 0.04 | -2.23 |
Preferred Dividends & Other Adjustments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.02 | - |
Net Income to Common | 13.91 | 23.36 | 24.35 | 26.96 | 12.12 | 2.81 | 3.73 | -2.58 | -13.93 | -18.45 | -15.05 | -12.15 | -17.52 | -28.97 | -0.18 | -13.47 | -10.41 | -3.18 | 0.02 | -2.23 |
Net Income Growth | 14.77% | 732.21% | 553.72% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Shares Outstanding (Basic) | 44 | 44 | 43 | 43 | 42 | 42 | 41 | 41 | 40 | 40 | 39 | 39 | 38 | 30 | 13 | 13 | 14 | 13 | - | 12 |
Shares Outstanding (Diluted) | 46 | 48 | 48 | 47 | 47 | 47 | 47 | 41 | 40 | 40 | 39 | 39 | 38 | 30 | 13 | 13 | 14 | 13 | - | 12 |
Shares Change (YoY) | -1.60% | 2.18% | 1.92% | 16.58% | 17.09% | 18.09% | 19.35% | 5.25% | 4.52% | 34.61% | 198.16% | 198.78% | 181.51% | 135.68% | - | 4.14% | - | - | - | - |
EPS (Basic) | 0.31 | 0.53 | 0.56 | 0.63 | 0.29 | 0.07 | 0.09 | -0.06 | -0.35 | -0.46 | -0.38 | -0.31 | -0.46 | -0.98 | -0.01 | -1.04 | -0.77 | -0.25 | - | -0.18 |
EPS (Diluted) | 0.30 | 0.49 | 0.51 | 0.57 | 0.26 | 0.06 | 0.08 | -0.06 | -0.35 | -0.46 | -0.38 | -0.31 | -0.46 | -0.98 | -0.01 | -1.04 | -0.77 | -0.25 | - | -0.18 |
EPS Growth | 17.12% | 716.67% | 537.50% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Free Cash Flow | 81.38 | 53.09 | 56.83 | 82.1 | 48.27 | 36.89 | 36.34 | 28.92 | 11.32 | 6.68 | 10.8 | 19.3 | -0.09 | 3.43 | -2.04 | 4.28 | 2.86 | 0.48 | 7.87 | 3.12 |
Free Cash Flow Per Share | 1.77 | 1.11 | 1.19 | 1.73 | 1.04 | 0.79 | 0.78 | 0.71 | 0.28 | 0.17 | 0.28 | 0.50 | -0.00 | 0.12 | -0.15 | 0.33 | 0.21 | 0.04 | - | 0.25 |
Gross Margin | 71.88% | 72.91% | 73.45% | 73.03% | 73.13% | 73.66% | 73.36% | 72.77% | 73.25% | 72.62% | 73.00% | 73.54% | 72.67% | 71.57% | 72.56% | 72.87% | 73.35% | 71.08% | 70.49% | 70.78% |
Operating Margin | 6.80% | 7.31% | 10.67% | 9.81% | 3.18% | -3.31% | -3.75% | -7.27% | -17.37% | -20.80% | -17.01% | -14.59% | -23.85% | -45.13% | -2.31% | -5.82% | -21.90% | -6.77% | 0.21% | -8.73% |
Profit Margin | 6.64% | 12.13% | 13.66% | 16.09% | 8.03% | 2.04% | 2.94% | -2.23% | -13.42% | -19.20% | -17.02% | -14.96% | -23.99% | -45.55% | -0.30% | -24.34% | -21.56% | -7.01% | 0.04% | -7.94% |
Free Cash Flow Margin | 38.84% | 27.57% | 31.87% | 49.00% | 31.97% | 26.81% | 28.65% | 25.01% | 10.90% | 6.95% | 12.22% | 23.76% | -0.13% | 5.39% | -3.46% | 7.74% | 5.93% | 1.07% | 19.66% | 11.09% |
EBITDA | 17.92 | 16.95 | 21.28 | 18.51 | 6.84 | -2.9 | -3.12 | -6.64 | -16.59 | -18.5 | -13.86 | -11.07 | -16.87 | -28.16 | -0.87 | -2.77 | -10.12 | -2.61 | 0.46 | -2.12 |
EBITDA Margin | 8.55% | 8.80% | 11.93% | 11.05% | 4.53% | -2.11% | -2.46% | -5.74% | -15.98% | -19.26% | -15.69% | -13.63% | -23.10% | -44.27% | -1.48% | -5.01% | -20.97% | -5.77% | 1.16% | -7.52% |
D&A For EBITDA | 3.66 | 2.88 | 2.24 | 2.07 | 2.04 | 1.66 | 1.63 | 1.76 | 1.44 | 1.48 | 1.17 | 0.77 | 0.55 | 0.55 | 0.49 | 0.45 | 0.45 | 0.45 | 0.38 | 0.34 |
EBIT | 14.26 | 14.07 | 19.04 | 16.44 | 4.8 | -4.56 | -4.75 | -8.41 | -18.03 | -19.99 | -15.03 | -11.85 | -17.42 | -28.7 | -1.36 | -3.22 | -10.57 | -3.07 | 0.08 | -2.46 |
EBIT Margin | 6.80% | 7.31% | 10.67% | 9.81% | 3.18% | -3.31% | -3.75% | -7.27% | -17.37% | -20.80% | -17.01% | -14.59% | -23.85% | -45.13% | -2.31% | -5.82% | -21.90% | -6.77% | 0.21% | -8.73% |
Effective Tax Rate | 37.78% | 7.99% | 15.20% | - | 19.93% | 4.26% | - | - | - | - | - | - | - | - | - | - | - | - | 21.57% | - |
Advertising Expenses | - | 18.15 | 13.45 | 14.02 | - | 16.23 | 12.21 | 11.09 | - | 12.81 | 10.59 | 10.95 | - | 12.01 | 7.69 | 1.21 | - | 8.84 | 6.46 | - |
Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.