Duolingo, Inc. (DUOL) Quarterly Income Statement

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Duolingo, Inc. (DUOL) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

DUOL Income Statement

Duolingo, Inc. (DUOL) annual income statement — 7-year revenue, gross profit & net income history

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21

Sales/Revenue	309.01M	298.45M	291.97M	282.87M	271.71M	252.26M	230.74M	209.55M	192.59M	178.33M	167.55M	150.99M	137.62M	126.84M	115.66M	103.82M	96.06M	88.39M	81.22M	73.01M
Revenue Growth %	13.73%	18.31%	26.53%	34.99%	41.08%	41.46%	37.71%	38.79%	39.94%	40.59%	44.87%	45.42%	43.26%	43.51%	42.4%	42.2%	51.06%	50.31%	46.71%	51.27%
Cost of Goods Sold	83.88M	81.71M	80.29M	78.45M	76.22M	71.17M	68.03M	60.47M	53.66M	48.65M	46.42M	40.57M	36.25M	33.79M	31.49M	27.77M	26.3M	23.87M	21.49M	19.95M
COGS % of Revenue	27.14%	27.38%	27.5%	27.73%	28.05%	28.21%	29.48%	28.85%	27.86%	27.28%	27.7%	26.87%	26.34%	26.64%	27.23%	26.75%	27.38%	27.01%	26.46%	27.33%
Gross Profit	225.13M	216.74M	211.68M	204.42M	195.49M	181.1M	162.72M	149.09M	138.94M	129.68M	121.14M	110.41M	101.37M	93.05M	84.17M	76.05M	69.76M	64.52M	59.73M	53.06M
Gross Margin %	72.86%	72.62%	72.5%	72.27%	71.95%	71.79%	70.52%	71.15%	72.14%	72.72%	72.3%	73.13%	73.66%	73.36%	72.77%	73.25%	72.62%	72.99%	73.54%	72.67%
Gross Profit Growth %	15.16%	19.68%	30.09%	37.12%	40.71%	39.65%	34.33%	35.02%	37.06%	39.36%	43.92%	45.18%	45.31%	44.23%	40.92%	43.33%	53.27%	51.21%	48.06%	49.87%
Operating Expenses	200.94M	182.79M	166.81M	160.56M	155.86M	147.04M	139.02M	135.06M	124.86M	110.64M	104.7M	105.62M	106.04M	97.92M	92.69M	94.21M	89.92M	79.55M	71.58M	70.48M
OpEx % of Revenue	65.03%	61.25%	57.13%	56.76%	57.36%	58.29%	60.25%	64.45%	64.83%	62.04%	62.49%	69.95%	77.05%	77.2%	80.14%	90.74%	93.61%	90%	88.13%	96.53%
Selling, General & Admin	93.19M	90.6M	84.68M	81.88M	73.98M	74.24M	69.39M	69.44M	62.63M	55.99M	54.26M	55.36M	55.73M	49.97M	46.84M	49.74M	47.95M	45.33M	41.8M	40.46M
SG&A % of Revenue	30.16%	30.36%	29%	28.95%	27.23%	29.43%	30.07%	33.14%	32.52%	31.4%	32.38%	36.67%	40.5%	39.4%	40.5%	47.9%	49.91%	51.29%	51.46%	55.41%
Research & Development	107.75M	92.19M	82.13M	78.68M	81.88M	72.8M	69.63M	65.63M	62.23M	54.65M	50.44M	50.26M	50.3M	47.95M	45.84M	44.47M	41.98M	34.22M	29.78M	30.02M
R&D % of Revenue	34.87%	30.89%	28.13%	27.81%	30.14%	28.86%	30.18%	31.32%	32.31%	30.64%	30.1%	33.29%	36.55%	37.8%	39.64%	42.83%	43.7%	38.71%	36.67%	41.11%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	24.2M	33.95M	44.87M	43.86M	39.63M	34.05M	23.69M	14.02M	14.07M	19.04M	16.44M	4.79M	-4.67M	-4.87M	-8.52M	-18.15M	-20.16M	-15.03M	-11.85M	-17.41M
Operating Margin %	7.83%	11.37%	15.37%	15.51%	14.58%	13.5%	10.27%	6.69%	7.31%	10.68%	9.81%	3.18%	-3.39%	-3.84%	-7.37%	-17.48%	-20.99%	-17.01%	-14.59%	-23.85%
Operating Income Growth %	-38.94%	-0.32%	89.38%	212.84%	181.59%	78.88%	44.13%	192.39%	401.35%	491.31%	292.97%	126.42%	76.84%	67.64%	28.09%	-4.23%	29.75%	-3045.19%	11.68%	-64.74%
EBITDA	28.48M	38.19M	49.06M	47.67M	43.18M	37.49M	27.28M	17.68M	16.95M	21.28M	18.51M	6.84M	-3.01M	-3.23M	-6.76M	-16.71M	-18.68M	-13.86M	-11.07M	-16.66M
EBITDA Margin %	9.22%	12.8%	16.8%	16.85%	15.89%	14.86%	11.82%	8.44%	8.8%	11.93%	11.05%	4.53%	-2.19%	-2.55%	-5.84%	-16.09%	-19.45%	-15.69%	-13.63%	-22.81%
EBITDA Growth %	-34.05%	1.86%	79.82%	169.6%	154.77%	76.19%	47.38%	158.61%	662.53%	758.62%	373.98%	140.92%	83.87%	76.7%	38.98%	-0.3%	33.21%	-8874.68%	13.59%	-67.18%
D&A (Non-Cash Add-back)	4.28M	4.25M	4.19M	3.81M	3.55M	3.44M	3.59M	3.66M	2.88M	2.24M	2.07M	2.04M	1.66M	1.63M	1.76M	1.44M	1.48M	1.17M	774K	757K
EBIT	35.57M	34.35M	55.55M	54.5M	46.45M	46.45M	35.01M	22.35M	25.39M	28.71M	25.85M	4.79M	-4.67M	-4.87M	-8.52M	-18.15M	-20.16M	-15.03M	-11.85M	-17.41M
Net Interest Income	12.43M	11.83M	11.81M	11.6M	11.79M	11.43M	10.41M	10.7M	11.25M	10.72M	10.03M	9.28M	8.63M	7.54M	5.64M	0	2.26M	669K	33K	0
Interest Income	12.43M	11.83M	11.81M	11.6M	11.79M	11.43M	10.41M	10.7M	11.25M	10.72M	10.03M	9.28M	8.63M	7.54M	5.64M	4.27M	2.26M	669K	33K	0
Interest Expense	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4.27M	0	0	0	0
Other Income/Expense	11.37M	11.42M	10.68M	10.64M	6.82M	12.4M	11.32M	8.33M	11.32M	9.68M	9.41M	10.34M	7.6M	7.28M	5.82M	4.94M	1.77M	130K	-279K	6K
Pretax Income	35.57M	45.37M	55.55M	54.5M	46.45M	46.45M	35.01M	22.35M	25.39M	28.71M	25.85M	15.13M	2.93M	2.41M	-2.7M	-13.21M	-18.39M	-14.9M	-12.13M	-17.41M
Pretax Margin %	11.51%	15.2%	19.03%	19.27%	17.09%	18.41%	15.17%	10.67%	13.18%	16.1%	15.43%	10.02%	2.13%	1.9%	-2.33%	-12.73%	-19.15%	-16.86%	-14.93%	-23.84%
Income Tax	8.4M	12.21M	12.09M	12.55M	-245.75M	1.67M	-125K	8.45M	2.03M	4.36M	-1.1M	3.02M	125K	-1.31M	-116K	716K	53K	141K	28K	108K
Effective Tax Rate %	23.62%	26.91%	21.77%	23.02%	-529.07%	3.59%	-0.36%	37.78%	7.99%	15.19%	-4.27%	19.93%	4.26%	-54.56%	4.3%	-5.42%	-0.29%	-0.95%	-0.23%	-0.62%
Net Income	27.16M	33.16M	43.46M	41.95M	292.19M	44.78M	35.13M	13.91M	23.36M	24.35M	26.96M	12.12M	2.81M	3.73M	-2.58M	-13.93M	-18.45M	-15.04M	-12.15M	-17.52M
Net Margin %	8.79%	11.11%	14.89%	14.83%	107.54%	17.75%	15.23%	6.64%	12.13%	13.66%	16.09%	8.03%	2.04%	2.94%	-2.23%	-13.42%	-19.2%	-17.02%	-14.96%	-23.99%
Net Income Growth %	-90.7%	-25.96%	23.69%	201.68%	1150.83%	83.9%	30.34%	14.77%	732.21%	553.72%	1144%	186.98%	115.22%	124.76%	78.76%	20.48%	36.33%	-8448.3%	9.78%	-68.32%
Net Income (Continuing)	27.16M	33.16M	43.46M	41.95M	292.19M	44.78M	35.13M	13.91M	23.36M	24.35M	26.96M	12.12M	2.81M	3.73M	-2.58M	-13.93M	-18.45M	-15.04M	-12.15M	-17.52M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	0.54	0.66	0.89	0.84	5.95	0.91	0.72	0.28	0.49	0.51	0.57	0.25	0.06	0.08	-0.06	-0.35	-0.46	-0.38	-0.31	-0.46
EPS Growth %	-90.92%	-27.47%	23.61%	200%	1114.29%	78.43%	26.32%	12%	719.4%	541.51%	996.23%	171.43%	113%	120.92%	79.48%	23.91%	53.06%	-	26.19%	-39.39%
EPS (Basic)	0.58	0.71	0.93	0.90	6.36	0.98	0.78	0.31	0.53	0.56	0.63	0.28	0.07	0.09	-0.06	-0.35	-0.46	-0.38	-0.31	-0.46
Diluted Shares Outstanding	50.8M	50.03M	48.99M	49.8M	49.14M	49M	48.5M	49.5M	47.97M	47.77M	47.35M	49M	46.95M	46.87M	40.62M	40.36M	39.75M	39.27M	38.59M	38.08M
Basic Shares Outstanding	46.84M	46.7M	46.79M	46.63M	45.95M	45.61M	45.15M	44.9M	43.71M	43.26M	42.78M	42.53M	41.72M	41.22M	40.62M	40.36M	39.75M	39.27M	38.59M	37.84M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-