DUOL
Income statement / Annual
Last year (2023), Duolingo, Inc.'s total revenue was $531.11 M,
an increase of 43.74% from the previous year.
In 2023, Duolingo, Inc.'s net income was $16.07 M.
See Duolingo, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2001
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2001 |
| Operating Revenue |
$531.11 M
|
$369.50 M
|
$250.77 M
|
$161.70 M
|
$70.76 M
|
$51,000.00
|
| Cost of Revenue |
$142.11 M |
$99.43 M |
$69.19 M |
$45.99 M |
$20.74 M |
$0.00 |
| Gross Profit |
$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 |
0.72 |
0.72 |
0.71 |
1 |
| Research and Development
Expenses |
$194.35 M
|
$150.44 M
|
$103.83 M
|
$53.02 M
|
$31.56 M
|
$0.00
|
| General & Administrative
Expenses |
$132.12 M
|
$117.85 M
|
$78.59 M
|
$43.71 M
|
$16.37 M
|
$0.00
|
| Selling & Marketing
Expenses |
$75.79 M
|
$66.97 M
|
$59.17 M
|
$34.98 M
|
$14.99 M
|
$0.00
|
| Selling, General &
Administrative Expenses |
$207.91 M
|
$184.82 M
|
$137.76 M
|
$78.70 M
|
$31.36 M
|
$0.00
|
| Other Expenses |
$0.00 |
-$676,000.00 |
$49,000.00 |
$303,000.00 |
$571,000.00 |
$0.00 |
| Operating Expenses |
$402.26 M |
$335.26 M |
$241.59 M |
$131.72 M |
$62.92 M |
$0.00 |
| Cost And Expenses |
$544.37 M |
$434.69 M |
$310.78 M |
$177.71 M |
$83.66 M |
$0.00 |
| Interest Income |
$31.09 M |
$7.24 M |
$19,000.00 |
$231,000.00 |
$0.00 |
$0.00 |
| Interest Expense |
$0.00 |
$7.24 M |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Depreciation &
Amortization |
$7.10 M
|
$4.87 M
|
$2.73 M
|
$2.26 M
|
$1.25 M
|
$0.00
|
| EBITDA |
-$5.83 M
|
-$60.03 M
|
-$57.28 M
|
-$13.76 M
|
-$11.65 M
|
$51,000.00
|
| EBITDA Ratio |
-0.01 |
-0.16 |
-0.23 |
-0.09 |
-0.15 |
1 |
| Operating Income Ratio
|
-0.02
|
-0.18
|
-0.24
|
-0.1
|
-0.18
|
1
|
| Total Other
Income/Expenses Net |
$31.04 M
|
$6.56 M
|
$49,000.00
|
$303,000.00
|
-$657,000.00
|
$0.00
|
| Income Before Tax |
$17.78 M |
-$58.64 M |
-$59.96 M |
-$15.71 M |
-$13.55 M |
$0.00 |
| Income Before Tax Ratio
|
0.03
|
-0.16
|
-0.24
|
-0.1
|
-0.19
|
0
|
| Income Tax Expense |
$1.71 M |
$938,000.00 |
$177,000.00 |
$68,000.00 |
$1.23 M |
$0.00 |
| Net Income |
$16.07 M |
-$59.57 M |
-$60.14 M |
-$15.78 M |
-$14.78 M |
$0.00 |
| Net Income Ratio |
0.03 |
-0.16 |
-0.24 |
-0.1 |
-0.21 |
0 |
| EPS |
0.35 |
-1.51 |
-1.57 |
-0.44 |
-0.41 |
0 |
| EPS Diluted |
0.35 |
-1.51 |
-1.57 |
-0.44 |
-0.41 |
0 |
| Weighted Average Shares
Out |
$46.52 M
|
$39.47 M
|
$38.27 M
|
$35.89 M
|
$35.89 M
|
$0.00
|
| Weighted Average Shares
Out Diluted |
$46.52 M
|
$39.47 M
|
$38.27 M
|
$35.89 M
|
$35.89 M
|
$0.00
|
| Link |
|
|
|
|
|
|
