Duolingo, Inc. (DUOL)
NASDAQ: DUOL · Real-Time Price · USD
297.86
-24.92 (-7.72%)
At close: Aug 29, 2025, 4:00 PM
297.99
+0.13 (0.04%)
After-hours: Aug 29, 2025, 7:59 PM EDT

Duolingo Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter
Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021Q1 2021Q4 2020Q4 2019
Period Ending
Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21 Jun '21 Mar '21 Dec '20 Dec '19
885.15811.21748.02689.46634.49583531.11483.95442.39403.94369.5338.69306.22276.63250.77226.03207.74188.94161.770.76
Revenue Growth (YoY)
39.51%39.15%40.84%42.47%43.42%44.33%43.74%42.89%44.47%46.02%47.34%49.84%47.41%46.41%55.09%219.43%----
Cost of Revenue
247.44225.1203.65185.29169.37155.8142.11129.3119.35109.4399.4391.6183.3875.6569.1962.0957.1252.7945.9920.74
Gross Profit
637.72586.11544.38504.17465.12427.2389354.64323.04294.5270.06247.07222.84200.99181.59163.94150.62136.15115.7150.02
Selling, General & Admin
278.54260.48245.51230.67222.82215.89207.57201.83193.98189.45184.82175.36171.96148.71137.76121.3396.3390.2678.731.36
Research & Development
273.1254.57235.06219.16206.59199.39194.35188.57180.24166.51150.44135.99123.36111.09103.8385.9672.562.6853.0231.56
Operating Expenses
551.64515.05480.57449.82429.41415.27401.93390.39374.21355.96335.26311.35295.33259.8241.59207.28168.83152.93131.7262.92
Operating Income
86.0871.0663.8154.3435.7111.92-12.92-35.75-51.18-61.46-65.2-64.28-72.49-58.81-60.01-43.34-18.22-16.78-16.01-12.9
Interest & Investment Income
43.7943.0842.741.2838.6635.4931.0926.0819.7212.847.242.980.720.050.02---0.23-
Currency Exchange Gain (Loss)
1-1.36-2.990.31-0.86-0.430.28-0.13-0.01-0.28-0.68-1.31-0.82-0.280.03-----
Other Non Operating Income (Expenses)
------------0.04-0.260.04-0.230.360.030.070.57
EBT Excluding Unusual Items
130.87112.78103.5295.9473.5146.9818.45-9.79-31.47-48.9-58.64-62.65-72.85-59-59.96-43.11-17.86-16.75-15.71-12.33
Merger & Restructuring Charges
-1.03-0.77-0.77-0.74-0.34---0.01-0.19-0.19--0.18--------
Gain (Loss) on Sale of Assets
----0.02-0.43-0.43-0.33-0.320.10.1----------
Asset Writedown
-0.24-0.24-0.24-----------------1.23
Other Unusual Items
-0.4-0.3-0.2-0.1-0.11-0.23-0.34-0.45-0.34-0.23---0.510.37--9.82-9.31-10.19--
Pretax Income
129.2111.47102.3195.0972.6346.3317.78-10.57-31.89-49.21-58.64-62.83-73.36-58.63-59.96-52.93-27.17-26.94-15.71-13.55
Income Tax Expense
12.0214.7113.738.36.40.721.71-0.59-0.660.790.940.330.330.190.180.090.060.070.07-
Net Income
117.1896.7588.5786.7866.2345.6116.07-9.98-31.23-50-59.57-63.16-73.69-58.82-60.14-53.03-27.23-27.02-15.78-13.55
Net Income to Common
117.1896.7588.5786.7866.2345.6116.07-9.98-31.23-50-59.57-63.16-73.69-58.82-60.14-53.03-27.23-27.02-15.78-13.55
Net Income Growth
76.93%112.15%451.28%-----------------
Shares Outstanding (Basic)
45444443434241414040393936302317131313-
Shares Outstanding (Diluted)
48474747474847414040393936302317131313-
Shares Change (YoY)
1.53%-1.70%1.24%15.60%16.16%20.58%17.87%5.31%11.23%33.92%68.44%124.39%174.11%132.07%84.00%-----
EPS (Basic)
2.622.192.042.021.561.090.39-0.24-0.77-1.25-1.51-1.62-2.03-1.97-2.57-3.06-2.05-2.10-1.24-
EPS (Diluted)
2.462.041.881.831.420.950.35-0.24-0.78-1.25-1.51-1.62-2.03-1.97-2.57-3.06-2.06-2.10-1.24-
EPS Growth
73.11%114.70%437.14%-----------------
Free Cash Flow
328.27295.62273.4240.28224.09203.6150.42113.4783.2657.7248.0936.6933.4320.65.588.545.5915.514.33-1.62
Free Cash Flow Per Share
6.886.245.805.084.774.223.232.772.061.441.220.940.920.690.240.490.421.211.13-
Gross Margin
72.05%72.25%72.78%73.13%73.31%73.28%73.24%73.28%73.02%72.91%73.09%72.95%72.77%72.65%72.41%72.53%72.50%72.06%71.56%70.69%
Operating Margin
9.72%8.76%8.53%7.88%5.63%2.04%-2.43%-7.39%-11.57%-15.21%-17.64%-18.98%-23.67%-21.26%-23.93%-19.18%-8.77%-8.88%-9.90%-18.23%
Profit Margin
13.24%11.93%11.84%12.59%10.44%7.82%3.02%-2.06%-7.06%-12.38%-16.12%-18.65%-24.06%-21.26%-23.98%-23.46%-13.11%-14.30%-9.76%-19.16%
Free Cash Flow Margin
37.09%36.44%36.55%34.85%35.32%34.92%28.32%23.45%18.82%14.29%13.02%10.83%10.92%7.45%2.23%3.78%2.69%8.20%8.86%-2.29%
EBITDA
99.6583.4374.6663.5843.7319.33-5.83-29.25-44.85-55.6-60.33-60.31-69.45-56.46-57.28-41.41-16.37-15.04-14.39-12.37
EBITDA Margin
11.26%10.29%9.98%9.22%6.89%3.32%-1.10%-6.04%-10.14%-13.76%-16.33%-17.81%-22.68%-20.41%-22.84%-18.32%-7.88%-7.96%-8.90%-17.48%
D&A For EBITDA
13.5712.3710.859.248.027.417.16.56.325.864.873.973.042.362.731.941.841.741.620.53
EBIT
86.0871.0663.8154.3435.7111.92-12.92-35.75-51.18-61.46-65.2-64.28-72.49-58.81-60.01-43.34-18.22-16.78-16.01-12.9
EBIT Margin
9.72%8.76%8.53%7.88%5.63%2.04%-2.43%-7.39%-11.57%-15.21%-17.64%-18.98%-23.67%-21.26%-23.93%-19.18%-8.77%-8.88%-9.90%-18.23%
Effective Tax Rate
9.30%13.20%13.42%8.73%8.81%1.56%9.62%-------------
Advertising Expenses
--62.37---52.97---48.11---42.96---27.35-
Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.
SEC Filings: 10-K · 10-Q