Name: DUOL Income Statement - Duolingo Revenue & EPS | Ledgeburg
Creator: Ledgeburg
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Revenue, Cost of Revenue, Gross Profit, Operating Expenses, Operating Income, Net Income, EPS Basic, EPS Diluted

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DUOL - Duolingo, Inc.

USD | NASDAQ | Technology

DUOL Income Statement - Duolingo Revenue & EPS | Ledgeburg

(in millions of USD, except per-share data)	Q1 FY 26	Q4 FY 25	Q3 FY 25	Q2 FY 25	Q1 FY 25	Q4 FY 24	Q3 FY 24	Q2 FY 24	Q1 FY 24	Q4 FY 23	Q3 FY 23	Q2 FY 23	Q1 FY 23	Q4 FY 22	Q3 FY 22	Q2 FY 22	Q1 FY 22	Q4 FY 21	Q3 FY 21	Q2 FY 21	Q1 FY 21	Q3 FY 20	Q2 FY 20
Revenues
Revenues	292.0	282.9	271.7	252.3	230.7	209.6	192.6	178.3	167.6	151.0	137.6	126.8	115.7	103.8	96.1	88.4

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

(in millions of USD, except per-share data)	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Revenues
Revenues	1,098.8	1,037.6	748.0	531.1	369.5	250.8	161.7
Cost of Revenue	300.4	288.1	203.6	142.1	99.4	69.2	46.0
Gross Profit	798.5	749.5	544.4	389.0	270.1	181.6	115.7
Operating Expenses
Research & Development	318.9	306.3	235.3	194.4	150.4	103.8	53.0
Selling General & Administrative	-	-	-	-	-
Operating Income
Operating Income	156.5	135.6	62.6	(13.3)	(65.2)	(60.0)	(16.0)
Non-Operating
Interest Income	46.6	45.2	42.7	31.1	7.2	0.0	0.2
Interest Expense	-	-	-	-	-	-	-
Tax & Net
Income Tax Expense	(219.4)	(231.7)	13.7	1.7	0.9	0.2	0.1
Net Income From Continuing Ops	422.4	414.1	88.6	16.1	(59.6)	(60.1)
Per Share
EPS Basic	-	9.05	2.04	0.39	(1.51)	(2.57)	(1.24)
EPS Diluted	8.62	8.57	1.88	0.35	(1.51)	(2.57)	(1.24)
Supplementary Data
EBITDA	171.5	150.0	73.4	(6.2)	(60.3)	(57.3)	(13.8)
EBIT	156.5	135.6	62.6	(13.3)	(65.2)	(60.0)	(16.0)

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

Operating Expenses
Research & Development	83.0	79.6	82.7	73.7	70.4	66.4	62.9	55.1	50.9	50.3	50.3	47.9	45.8	44.5	42.0	34.2	29.8	30.0	29.3	21.9	22.5	15.9	12.1
Selling General & Administrative	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling & Marketing	39.2	34.4	35.1	29.6	26.7	24.8	25.6	20.2	19.9	19.1	22.3	17.7	16.6	19.0	17.7	15.3	14.9
General & Administrative	46.3	48.5	44.0	46.0	43.5	45.5	38.4	37.0	35.1	36.2	33.4	32.2	30.2	30.7	30.2	30.1	26.9
Depreciation & Amortization	4.2	8.2	1.3	1.3	3.6	6.3	1.3	1.1	2.1	3.3	1.0	1.0	1.8	2.4	1.0	0.7
Amortization of Intangibles	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses	168.6	162.4	161.8	149.2	140.5	136.7	126.8	112.3	105.9	105.6	106.0	97.9	92.7	94.2	89.9	79.6

Operating Income
Operating Income	44.5	43.5	35.2	33.4	23.6	13.9	13.6	18.7	16.4	4.8	(4.7)	(4.9)	(8.5)	(18.2)	(20.2)	(15.0)	(11.8)	(17.4)	(28.7)	(0.5)	(13.4)	(3.1)	0.1

Non-Operating
Interest Income	11.8	11.6	11.8	11.4	10.4	10.7	11.2	10.7	10.0	9.3	8.6	7.5	5.6	4.3	2.3	0.7	0.0	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income From Equity Investments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Non-Operating Income	(0.8)	(0.5)	(0.5)	1.7	1.0	(2.2)	0.6	(0.7)	(0.6)	1.1	(1.0)	(0.3)	0.2	0.7	(0.5)	(0.5)	(0.3)
Pre-Tax Income	55.6	54.5	46.4	46.5	35.0	22.4	25.4	28.7	25.9	15.1	2.9	2.4	(2.7)	(13.2)	(18.4)	(14.9)	(12.1)

Tax & Net
Income Tax Expense	12.1	12.5	(245.7)	1.7	(0.1)	8.4	2.0	4.4	(1.1)	3.0	0.1	(1.3)	(0.1)	0.7	0.1	0.1	0.0	0.1	0.1	0.0	0.0	0.0	0.0
Net Income From Continuing Ops	43.5	42.0	292.2	44.8	35.1	13.9	23.4	24.4	27.0	12.1	2.8	3.7	(2.6)	(13.9)	(18.4)	(15.0)	(12.2)
Net Income From Discontinued Ops	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	43.5	42.0	292.2	44.8	35.1	13.9	23.4	24.4	27.0	12.1	2.8	3.7	(2.6)	(13.9)	(18.4)	(15.0)	(12.2)
Net Income Attributable To Parent	43.5	42.0	292.2	44.8	35.1	13.9	23.4	24.4	27.0	12.1	2.8	3.7	(2.6)	(13.9)	(18.4)	(15.0)
Less: Minority Interest	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Preferred Dividends	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income To Common Shareholders	43.5	42.0	292.2	44.8	35.1	13.9	23.4	24.4	27.0	12.1	2.8	3.7	(2.6)	(13.9)	(18.4)

Per Share
EPS Basic	0.93	-	6.36	0.98	0.78	-	0.53	0.56	0.63	-	0.07	0.09	(0.06)	-	(0.46)	(0.38)	(0.31)	-	(0.98)	(0.01)	(1.04)	(0.25)	0.00
EPS Diluted	0.89	-	5.95	0.91	0.72	-	0.49	0.51	0.57	-	0.06	0.08	(0.06)	-	(0.46)	(0.38)	(0.31)	-
Shares Basic	-	-	-	-	-	-	-	-	-	-	-	-	40.6	-	39.8	39.3	38.6	-
Shares Diluted	49.0	-	49.1	49.0	48.5	-	48.0	47.8	47.4	-	46.9	46.9	40.6	-	39.8	39.3	38.6	-

Supplementary Data
EBITDA	48.7	51.6	36.4	34.7	27.2	20.2	14.9	19.8	18.5	8.1	(3.6)	(3.9)	(6.8)	(15.7)	(19.2)	(14.3)	(11.1)	(16.3)	(28.2)	0.0	(12.8)	(2.6)	0.5
EBIT	44.5	43.5	35.2	33.4	23.6	13.9	13.6	18.7	16.4	4.8	(4.7)	(4.9)	(8.5)	(18.2)	(20.2)	(15.0)	(11.8)	(17.4)	(28.7)