DUOL
Income statement / Annual
Last year (2024), Duolingo, Inc.'s total revenue was $748.02 M,
an increase of 40.84% from the previous year.
In 2024, Duolingo, Inc.'s net income was $88.57 M.
See Duolingo, Inc.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2001
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2001 |
| Operating Revenue |
$748.02 M |
$531.11 M |
$369.50 M |
$250.77 M |
$161.70 M |
$70.76 M |
$51,000.00 |
| Cost of Revenue |
$203.65 M
|
$142.11 M
|
$99.43 M
|
$69.19 M
|
$45.99 M
|
$20.74 M
|
$0.00
|
| Gross Profit |
$544.38 M
|
$389.00 M
|
$270.06 M
|
$181.59 M
|
$115.71 M
|
$50.02 M
|
$51,000.00
|
| Gross Profit Ratio |
0.73
|
0.73
|
0.73
|
0.72
|
0.72
|
0.71
|
1
|
| Research and Development Expenses |
$235.30 M
|
$194.35 M
|
$150.44 M
|
$103.83 M
|
$53.02 M
|
$31.56 M
|
$0.00
|
| General & Administrative Expenses |
$155.99 M
|
$132.12 M
|
$117.85 M
|
$78.59 M
|
$43.71 M
|
$16.37 M
|
$0.00
|
| Selling & Marketing Expenses |
$90.49 M
|
$75.79 M
|
$66.97 M
|
$59.17 M
|
$34.98 M
|
$14.99 M
|
$0.00
|
| Selling, General & Administrative Expenses |
$246.49 M
|
$207.91 M
|
$184.82 M
|
$137.76 M
|
$78.70 M
|
$31.36 M
|
$0.00
|
| Other Expenses |
$0.00
|
$0.00
|
-$676,000.00
|
$49,000.00
|
$303,000.00
|
$571,000.00
|
$0.00
|
| Operating Expenses |
$481.78 M
|
$402.26 M
|
$335.26 M
|
$241.59 M
|
$131.72 M
|
$62.92 M
|
$0.00
|
| Cost And Expenses |
$685.43 M
|
$544.37 M
|
$434.69 M
|
$310.78 M
|
$177.71 M
|
$83.66 M
|
$0.00
|
| Interest Income |
$42.70 M
|
$31.09 M
|
$7.24 M
|
$19,000.00
|
$231,000.00
|
$0.00
|
$0.00
|
| Interest Expense |
$0.00
|
$0.00
|
$7.24 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Depreciation & Amortization |
$10.85 M
|
$7.10 M
|
$4.87 M
|
$2.73 M
|
$2.26 M
|
$1.25 M
|
$0.00
|
| EBITDA |
$73.45 M |
-$5.83 M |
-$60.03 M |
-$57.28 M |
-$13.76 M |
-$11.65 M |
$51,000.00 |
| EBITDA Ratio |
0.1
|
-0.01
|
-0.16
|
-0.23
|
-0.09
|
-0.15
|
1
|
| Operating Income Ratio |
0.08
|
-0.02
|
-0.18
|
-0.24
|
-0.1
|
-0.18
|
1
|
| Total Other Income/Expenses Net |
$39.71 M
|
$31.04 M
|
$6.56 M
|
$49,000.00
|
$303,000.00
|
-$657,000.00
|
$0.00
|
| Income Before Tax |
$102.31 M
|
$17.78 M
|
-$58.64 M
|
-$59.96 M
|
-$15.71 M
|
-$13.55 M
|
$0.00
|
| Income Before Tax Ratio |
0.14
|
0.03
|
-0.16
|
-0.24
|
-0.1
|
-0.19
|
0
|
| Income Tax Expense |
$13.73 M
|
$1.71 M
|
$938,000.00
|
$177,000.00
|
$68,000.00
|
$1.23 M
|
$0.00
|
| Net Income |
$88.57 M
|
$16.07 M
|
-$59.57 M
|
-$60.14 M
|
-$15.78 M
|
-$14.78 M
|
$0.00
|
| Net Income Ratio |
0.12
|
0.03
|
-0.16
|
-0.24
|
-0.1
|
-0.21
|
0
|
| EPS |
1.88 |
0.35 |
-1.51 |
-1.57 |
-0.44 |
-0.41 |
0 |
| EPS Diluted |
1.88 |
0.35 |
-1.51 |
-1.57 |
-0.44 |
-0.41 |
0 |
| Weighted Average Shares Out |
$47.11 M
|
$46.52 M
|
$39.47 M
|
$38.27 M
|
$35.89 M
|
$35.89 M
|
$0.00
|
| Weighted Average Shares Out Diluted |
$47.10 M
|
$46.52 M
|
$39.47 M
|
$38.27 M
|
$35.89 M
|
$35.89 M
|
$0.00
|
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