Duolingo (DUOL)
NASDAQ:DUOL
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Duolingo (DUOL) Income Statement

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Duolingo Income Statement

Last quarter (Q2 2024), Duolingo's total revenue was $178.33M, an increase of 54.18% from the same quarter last year. In Q2, Duolingo's net income was $24.35M. See Duolingo’s key income statements, including revenue, expenses, profit, and income.
Income Statement
TTM
Dec 23Dec 22Dec 21Dec 20Dec 19
Total Revenue
$ 593.77M$ 531.11M$ 369.50M$ 250.77M$ 161.70M$ 70.76M
Cost of Revenue
$ 124.17M$ 142.10M$ 99.43M$ -69.19M$ 45.99M$ 20.74M
Gross Profit
$ 469.60M$ 389.00M$ 270.06M$ 181.59M$ 115.71M$ 50.02M
Operating Expense
$ 421.85M$ 402.26M$ 335.26M$ -241.59M$ 131.72M$ 62.92M
Operating Income
$ 47.75M$ -13.26M$ -65.19M$ -60.01M$ -16.01M$ -12.90M
Net Non Operating Interest Income Expense
-$ -31.09M-$ 49.00K--
Other Income Expense
$ 299.00K$ -55.00K$ 99.30M$ 54.76M$ 303.00K$ -657.00K
Pretax Income
$ 49.19M$ 17.78M$ -58.64M$ -59.96M$ -15.71M$ -13.55M
Tax Provision
$ 6.19M$ 1.71M$ 938.00K$ 177.00K$ 68.00K$ 0.00
Earnings From Equity Interest Net Of Tax
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Net Income Common Stockholders
$ 43.00M$ 16.07M$ -59.57M$ -60.13M$ -15.78M$ -13.55M
Basic EPS
$ 1.00$ 0.39$ -1.51$ -2.57$ -0.68$ -0.43
Diluted EPS
$ 0.88$ 0.35$ -1.51$ -2.57$ -0.68$ -0.43
Basic Average Shares
$ 167.66M$ 41.20M$ 39.47M$ 23.43M$ 31.81M$ 31.81M
Diluted Average Shares
$ 193.24M$ 46.52M$ 39.47M$ 23.43M$ 31.81M$ 31.81M
Dividend Per Share
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Total Operating Income As Reported
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Reported Normalized Basic E P S
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Reported Normalized Diluted E P S
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Rent Expense Supplemental
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Total Expenses
$ 293.57M$ 544.37M$ 434.69M$ -310.78M$ 177.71M$ 83.66M
Net Income From Continuing And Discontinued Operation
$ 43.00M$ 16.07M$ -59.57M$ -60.13M$ -15.78M$ -13.55M
Normalized Income
$ 102.50M-$ 53.11M-$ -15.78M$ -12.33M
Interest Expense
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EBIT
$ 34.06M$ -13.26M$ -58.64M$ -60.01M$ -16.01M$ -12.90M
EBITDA
$ 35.00M$ -6.16M$ -53.77M$ -57.28M$ -13.76M$ -11.65M
Currency in USD

Duolingo Earnings and Revenue History

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