Duolingo Inc
NASDAQ:DUOL

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Duolingo Inc
NASDAQ:DUOL
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Price: 351.97 USD 3.04% Market Closed
Market Cap: 15.5B USD
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Income Statement

Earnings Waterfall
Duolingo Inc

Revenue
689.5m USD
Cost of Revenue
-185.3m USD
Gross Profit
504.2m USD
Operating Expenses
-449.9m USD
Operating Income
54.2m USD
Other Expenses
32.5m USD
Net Income
86.8m USD

Income Statement
Duolingo Inc

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Income Statement
Currency: USD
Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024
Revenue
Revenue
71
N/A
86
+22%
111
+28%
137
+23%
162
+18%
189
+17%
208
+10%
226
+9%
251
+11%
277
+10%
306
+11%
339
+11%
370
+9%
404
+9%
442
+10%
484
+9%
531
+10%
583
+10%
634
+9%
689
+9%
Gross Profit
Cost of Revenue
(21)
(25)
(32)
(40)
(46)
(53)
(57)
(62)
(69)
(76)
(84)
(92)
(99)
(110)
(119)
(129)
(142)
(156)
(169)
(185)
Gross Profit
50
N/A
61
+22%
78
+28%
97
+23%
116
+20%
136
+18%
151
+11%
164
+9%
182
+11%
201
+11%
223
+11%
247
+11%
270
+9%
295
+9%
323
+10%
355
+10%
389
+10%
427
+10%
465
+9%
504
+8%
Operating Income
Operating Expenses
(64)
(74)
(88)
(107)
(132)
(158)
(172)
(210)
(234)
(257)
(293)
(310)
(335)
(356)
(375)
(391)
(402)
(415)
(429)
(450)
Selling, General & Administrative
(32)
(39)
(49)
(60)
(78)
(91)
(96)
(120)
(129)
(145)
(169)
(173)
(182)
(188)
(192)
(199)
(204)
(213)
(220)
(228)
Research & Development
(32)
(35)
(40)
(47)
(53)
(66)
(76)
(89)
(104)
(111)
(123)
(136)
(149)
(166)
(179)
(187)
(193)
(198)
(205)
(217)
Depreciation & Amortization
(1)
0
(0)
0
(1)
(0)
(0)
(0)
(1)
(1)
(1)
(1)
(4)
(2)
(3)
(4)
(5)
(5)
(5)
(5)
Operating Income
(14)
N/A
(13)
+7%
(10)
+23%
(10)
+1%
(16)
-60%
(21)
-34%
(22)
-1%
(46)
-111%
(52)
-14%
(56)
-7%
(70)
-26%
(63)
+10%
(65)
-2%
(62)
+5%
(52)
+16%
(36)
+30%
(13)
+64%
12
N/A
36
+201%
54
+52%
Pre-Tax Income
Interest Income Expense
0
0
0
0
0
0
0
0
0
0
0
0
7
13
20
29
31
35
39
41
Non-Reccuring Items
0
0
0
0
0
(6)
(6)
(8)
(8)
(3)
(3)
(1)
(0)
(0)
(0)
(1)
0
0
0
0
Gain/Loss on Disposition of Assets
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
1
1
0
0
0
0
0
0
0
(0)
(0)
2
(1)
(0)
(1)
(3)
(1)
(1)
(2)
(1)
Pre-Tax Income
(14)
N/A
(12)
+9%
(10)
+23%
(10)
-2%
(16)
-62%
(27)
-72%
(27)
-1%
(53)
-94%
(60)
-13%
(59)
+2%
(73)
-25%
(63)
+14%
(59)
+7%
(49)
+16%
(32)
+35%
(11)
+67%
18
N/A
46
+160%
73
+57%
95
+31%
Net Income
Tax Provision
0
0
0
0
(0)
0
0
(0)
(0)
(0)
(0)
(0)
(1)
(1)
1
1
(2)
(1)
(6)
(8)
Income from Continuing Operations
(14)
(12)
(10)
(10)
(16)
(27)
(27)
(53)
(60)
(59)
(74)
(63)
(60)
(50)
(31)
(10)
16
46
66
87
Net Income (Common)
(14)
N/A
(12)
+9%
(10)
+23%
(10)
-2%
(16)
-61%
(27)
-72%
(27)
-1%
(53)
-95%
(60)
-13%
(59)
+2%
(74)
-25%
(63)
+14%
(60)
+6%
(50)
+16%
(31)
+37%
(10)
+68%
16
N/A
46
+184%
66
+45%
87
+31%
EPS (Diluted)
-0.38
N/A
-0.34
+11%
-0.26
+24%
-0.27
-4%
-0.44
-63%
-0.76
-73%
-0.72
+5%
-1.8
-150%
-2.57
-43%
-1.52
+41%
-1.87
-23%
-1.58
+16%
-1.51
+4%
-1.22
+19%
-0.66
+46%
-0.21
+68%
0.35
N/A
0.97
+177%
1.4
+44%
1.82
+30%

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