DUOL
Duolingo, Inc.
NASDAQ · Technology · Software - Application · US
$168.83
+31.90%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 1.2B | 1.0B | 748.0M | 531.1M | 369.5M |
| Cost of Revenue | 324.3M | 293.9M | 209.2M | 147.2M | 103.4M |
| Gross Profit | 858.0M | 743.7M | 538.8M | 383.9M | 266.1M |
| Operating Expenses | |||||
| R&D Expense | 360.8M | 303.0M | 232.9M | 192.7M | 148.9M |
| SG&A Expense | 350.3M | 299.5M | 242.3M | 204.1M | 181.7M |
| General & Admin Expense | 101.6M | — | — | — | — |
| Selling & Marketing Expense | 82.2M | — | — | — | — |
| Other Expenses | — | — | — | — | — |
| Total Operating Expenses | 711.1M | 602.5M | 475.3M | 396.9M | 330.6M |
| Cost and Expenses | 1.0B | 896.4M | 684.5M | 544.0M | 434.1M |
| Operating Income (EBIT) | 146.9M | 141.2M | 63.6M | (12.9M) | (64.6M) |
| Non-Operating | |||||
| Interest Income | 47.7M | 45.2M | 42.7M | 31.1M | 7.2M |
| Interest Expense | — | — | — | — | — |
| Net Interest Income | 35.2M | 45.2M | 42.7M | 31.1M | 7.2M |
| Other Non-Op Income/Expense | 44.1M | 41.2M | 38.7M | 30.7M | 5.9M |
| Non-Operating Income (excl Interest) | (21.7M) | (41.2M) | (38.7M) | (30.7M) | (5.9M) |
| EBT (Pre-Tax Income) | 191.0M | 182.4M | 102.3M | 17.8M | (58.6M) |
| Income Tax Expense | 45.2M | (231.7M) | 13.7M | 1.7M | 938.0K |
| Bottom Line | |||||
| Net Income | 145.7M | 414.1M | 88.6M | 16.1M | (59.6M) |
| Earnings from Cont. Ops | 145.7M | 414.1M | 88.6M | 16.1M | (59.6M) |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 145.7M | 414.1M | 88.6M | 16.1M | (59.6M) |
| Per Share | |||||
| Basic EPS | $3.12 | $9.05 | $2.04 | $0.35 | ($1.51) |
| Diluted EPS | $2.93 | $8.57 | $1.88 | $0.35 | ($1.51) |
| Revenue Per Share | — | $22.67 | $17.19 | $11.42 | $9.36 |
| Shares | |||||
| Basic Shares Outstanding | — | 45.8M | 43.5M | 46.5M | 39.5M |
| Diluted Shares Outstanding | — | 48.3M | 47.1M | 46.5M | 39.5M |
| Profitability Metrics | |||||
| EBITDA | 180.8M | 196.8M | 113.2M | 24.9M | (53.8M) |
| D&A | 12.2M | 14.4M | 10.9M | 7.1M | 4.9M |
| EBIT | 144.4M | 182.4M | 102.3M | 17.8M | (58.6M) |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026