Duolingo, Inc. (DUOL)
NASDAQ: DUOL · Real-Time Price · USD
144.26
+3.38 (2.40%)
Aug 27, 2026, 12:20 PM EDT - Market open
Duolingo Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 1,145 | 1,038 | 748.02 | 531.11 | 369.5 | 250.77 | |
Revenue Growth | 29.36% | 38.71% | 40.84% | 43.74% | 47.34% | 55.09% |
Cost of Revenue | 312.39 | 288.13 | 203.65 | 142.11 | 99.43 | 69.19 |
Gross Profit | 832.62 | 749.46 | 544.38 | 389 | 270.06 | 181.59 |
Selling, General & Admin | 335.33 | 304.7 | 245.51 | 207.91 | 184.82 | 137.76 |
Research & Development | 334.06 | 303.53 | 235.06 | 194.35 | 150.44 | 103.83 |
Operating Expenses | 669.38 | 608.22 | 480.57 | 402.26 | 335.26 | 241.59 |
Operating Income | 163.23 | 141.24 | 63.81 | -13.26 | -65.2 | -60.01 |
Interest & Investment Income | 47.03 | 45.23 | 42.7 | 31.09 | 7.24 | 0.02 |
Currency Exchange Gain (Loss) | -2.25 | 1.61 | -2.99 | -0.06 | -0.68 | 0.03 |
EBT Excluding Unusual Items | 208.02 | 188.08 | 103.52 | 17.78 | -58.64 | -59.96 |
Merger & Restructuring Charges | -4.26 | -4.85 | -0.77 | - | - | - |
Asset Writedown | -0.58 | - | -0.24 | - | - | - |
Other Unusual Items | -1.31 | -0.82 | -0.2 | - | - | - |
Pretax Income | 201.87 | 182.41 | 102.31 | 17.78 | -58.64 | -59.96 |
Income Tax Expense | -208.9 | -231.66 | 13.73 | 1.71 | 0.94 | 0.18 |
Net Income | 410.77 | 414.07 | 88.57 | 16.07 | -59.57 | -60.14 |
Net Income to Common | 410.77 | 414.07 | 88.57 | 16.07 | -59.57 | -60.14 |
Net Income Growth | 250.53% | 367.48% | 451.28% | - | - | - |
Shares Outstanding (Basic) | 46 | 46 | 44 | 41 | 39 | 23 |
Shares Outstanding (Diluted) | 49 | 48 | 47 | 47 | 39 | 23 |
Shares Change | 2.60% | 2.56% | 1.24% | 17.87% | 68.44% | 84.00% |
EPS (Basic) | 8.84 | 9.05 | 2.04 | 0.39 | -1.51 | -2.57 |
EPS (Diluted) | 8.39 | 8.57 | 1.88 | 0.35 | -1.51 | -2.57 |
EPS Growth | 241.49% | 355.85% | 437.14% | - | - | - |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 407.93 | 369.73 | 273.4 | 150.42 | 48.09 | 5.58 |
Free Cash Flow Per Share | 8.33 | 7.65 | 5.80 | 3.23 | 1.22 | 0.24 |
Gross Margin | 72.72% | 72.23% | 72.78% | 73.24% | 73.09% | 72.41% |
Operating Margin | 14.26% | 13.61% | 8.53% | -2.50% | -17.64% | -23.93% |
Profit Margin | 35.88% | 39.91% | 11.84% | 3.02% | -16.12% | -23.98% |
Free Cash Flow Margin | 35.63% | 35.63% | 36.55% | 28.32% | 13.02% | 2.23% |
EBITDA | 179.03 | 155.63 | 74.66 | -6.16 | -60.33 | -57.28 |
EBITDA Margin | 15.64% | 15.00% | 9.98% | -1.16% | -16.33% | -22.84% |
D&A For EBITDA | 15.8 | 14.39 | 10.85 | 7.1 | 4.87 | 2.73 |
EBIT | 163.23 | 141.24 | 63.81 | -13.26 | -65.2 | -60.01 |
EBIT Margin | 14.26% | 13.61% | 8.53% | -2.50% | -17.64% | -23.93% |
Effective Tax Rate | - | - | 13.42% | 9.62% | - | - |
Advertising Expenses | - | 86.87 | 62.37 | 52.97 | 48.11 | 42.96 |