Duolingo, Inc. (DUOL)
NASDAQ: DUOL · IEX Real-Time Price · USD
173.28
+4.97 (2.95%)
At close: Jul 26, 2024, 4:00 PM
173.32
+0.03 (0.02%)
After-hours: Jul 26, 2024, 7:35 PM EDT
Duolingo Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Period Ending | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 583 | 531.11 | 483.95 | 442.39 | 403.94 | 369.5 | 338.69 | 306.22 | 276.63 | 250.77 | 226.03 | 207.74 | 188.94 | 161.7 | 70.76 |
| Revenue Growth (YoY) | 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 | 155.8 | 142.11 | 129.3 | 119.35 | 109.43 | 99.43 | 91.61 | 83.38 | 75.65 | 69.19 | 62.09 | 57.12 | 52.79 | 45.99 | 20.74 |
| Gross Profit | 427.2 | 389 | 354.64 | 323.04 | 294.5 | 270.06 | 247.07 | 222.84 | 200.99 | 181.59 | 163.94 | 150.62 | 136.15 | 115.71 | 50.02 |
| Selling, General & Admin | 215.89 | 207.57 | 201.99 | 193.98 | 189.45 | 184.52 | 175.54 | 171.96 | 148.71 | 137.76 | 121.33 | 96.33 | 90.26 | 78.7 | 31.36 |
| Research & Development | 199.39 | 194.35 | 188.57 | 180.24 | 166.51 | 150.44 | 135.99 | 123.36 | 111.09 | 103.83 | 85.96 | 72.5 | 62.68 | 53.02 | 31.56 |
| Operating Expenses | 415.27 | 401.93 | 390.55 | 374.21 | 355.96 | 334.96 | 311.53 | 295.33 | 259.8 | 241.59 | 207.28 | 168.83 | 152.93 | 131.72 | 62.92 |
| Operating Income | 11.92 | -12.92 | -35.91 | -51.18 | -61.46 | -64.9 | -64.46 | -72.49 | -58.81 | -60.01 | -43.34 | -18.22 | -16.78 | -16.01 | -12.9 |
| Interest & Investment Income | 35.49 | 31.09 | 26.08 | 19.72 | 12.84 | 7.24 | 2.98 | 0.72 | 0.05 | 0.02 | - | - | - | 0.23 | - |
| Currency Exchange Gain (Loss) | -0.43 | 0.28 | -0.13 | -0.01 | -0.28 | -0.68 | -1.31 | -0.82 | -0.28 | 0.03 | - | - | - | - | - |
| Other Non Operating Income (Expenses) | - | - | - | - | - | - | -0.04 | -0.26 | 0.04 | - | 0.23 | 0.36 | 0.03 | 0.07 | 0.57 |
| EBT Excluding Unusual Items | 46.98 | 18.45 | -9.96 | -31.47 | -48.9 | -58.34 | -62.83 | -72.85 | -59 | -59.96 | -43.11 | -17.86 | -16.75 | -15.71 | -12.33 |
| Merger & Restructuring Charges | - | - | -0.19 | -0.19 | -0.19 | -0.19 | - | - | - | - | - | - | - | - | - |
| Gain (Loss) on Sale of Assets | -0.43 | -0.33 | -0.32 | 0.1 | 0.1 | - | - | - | - | - | - | - | - | - | - |
| Asset Writedown | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -1.23 |
| Other Unusual Items | -0.23 | -0.34 | -0.11 | -0.34 | -0.23 | -0.11 | - | -0.51 | 0.37 | - | -9.82 | -9.31 | -10.19 | - | - |
| Pretax Income | 46.33 | 17.78 | -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 | 0.72 | 1.71 | -0.59 | -0.66 | 0.79 | 0.94 | 0.33 | 0.33 | 0.19 | 0.18 | 0.09 | 0.06 | 0.07 | 0.07 | - |
| Net Income | 45.61 | 16.07 | -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 | 45.61 | 16.07 | -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 |
| Shares Outstanding (Basic) | 42 | 41 | 41 | 40 | 40 | 39 | 39 | 36 | 30 | 23 | 17 | 13 | 13 | 13 | - |
| Shares Outstanding (Diluted) | 48 | 47 | 41 | 40 | 40 | 39 | 39 | 36 | 30 | 23 | 17 | 13 | 13 | 13 | - |
| Shares Change (YoY) | 20.58% | 17.87% | 5.31% | 11.23% | 33.92% | 68.44% | 124.39% | 174.11% | 132.07% | 84.00% | - | - | - | - | - |
| EPS (Basic) | 1.09 | 0.39 | -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) | 0.95 | 0.35 | -0.24 | -0.78 | -1.25 | -1.51 | -1.62 | -2.03 | -1.97 | -2.57 | -3.06 | -2.06 | -2.10 | -1.24 | - |
| Free Cash Flow | 203.6 | 150.42 | 113.47 | 83.26 | 57.72 | 48.09 | 36.69 | 33.43 | 20.6 | 5.58 | 8.54 | 5.59 | 15.5 | 14.33 | -1.62 |
| Free Cash Flow Per Share | 4.22 | 3.23 | 2.77 | 2.06 | 1.44 | 1.22 | 0.94 | 0.92 | 0.69 | 0.24 | 0.49 | 0.42 | 1.20 | 1.13 | - |
| Gross Margin | 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 | 2.05% | -2.43% | -7.42% | -11.57% | -15.21% | -17.56% | -19.03% | -23.67% | -21.26% | -23.93% | -19.18% | -8.77% | -8.88% | -9.90% | -18.23% |
| Profit Margin | 7.82% | 3.03% | -2.06% | -7.06% | -12.38% | -16.12% | -18.65% | -24.06% | -21.26% | -23.98% | -23.46% | -13.11% | -14.30% | -9.76% | -19.15% |
| Free Cash Flow Margin | 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 | 19.33 | -5.83 | -31.16 | -46.61 | -55.6 | -60.03 | -60.48 | -69.45 | -56.46 | -57.28 | -41.41 | -16.37 | -15.04 | -14.39 | -12.37 |
| EBITDA Margin | 3.32% | -1.10% | -6.44% | -10.53% | -13.76% | -16.25% | -17.86% | -22.68% | -20.41% | -22.84% | -18.32% | -7.88% | -7.96% | -8.90% | -17.48% |
| D&A For EBITDA | 7.41 | 7.1 | 4.75 | 4.57 | 5.86 | 4.87 | 3.97 | 3.04 | 2.36 | 2.73 | 1.94 | 1.84 | 1.74 | 1.62 | 0.53 |
| EBIT | 11.92 | -12.92 | -35.91 | -51.18 | -61.46 | -64.9 | -64.46 | -72.49 | -58.81 | -60.01 | -43.34 | -18.22 | -16.78 | -16.01 | -12.9 |
| EBIT Margin | 2.05% | -2.43% | -7.42% | -11.57% | -15.21% | -17.56% | -19.03% | -23.67% | -21.26% | -23.93% | -19.18% | -8.77% | -8.88% | -9.90% | -18.23% |
| Effective Tax Rate | 1.56% | 9.62% | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Advertising Expenses | - | 52.97 | - | - | - | 48.11 | - | - | - | 42.96 | - | - | - | 27.35 | - |
Source: S&P Capital IQ. Standard template.