Duolingo, Inc. (DUOL) quarterly income statement — complete revenue, gross profit & net income history
| Sales/Revenue | 291.97M | 282.87M | 271.71M | 252.26M | 230.74M | 209.55M | 192.59M | 178.33M | 167.55M | 150.99M | 137.62M | 126.84M |
| Revenue Growth % | 26.53% | 34.99% | 41.08% | 41.46% | 37.71% | 38.79% | 39.94% | 40.59% | 44.87% | 45.42% | 43.26% | 43.51% |
| Cost of Goods Sold | 78.87M | 77M | 74.8M | 69.68M | 66.65M | 58.92M | 52.18M | 47.35M | 45.19M | 40.57M | 36.25M | 33.79M |
| COGS % of Revenue | 27.01% | 27.22% | 27.53% | 27.62% | 28.88% | 28.12% | 27.09% | 26.55% | 26.97% | 26.87% | 26.34% | 26.64% |
| Gross Profit | 213.1M | 205.87M | 196.91M | 182.58M | 164.1M | 150.63M | 140.41M | 130.98M | 122.36M | 110.41M | 101.37M | 93.05M |
| Gross Margin % | 72.99% | 72.78% | 72.47% | 72.38% | 71.12% | 71.88% | 72.91% | 73.45% | 73.03% | 73.13% | 73.66% | 73.36% |
| Gross Profit Growth % | 29.86% | 36.68% | 40.24% | 39.4% | 34.11% | 36.42% | 38.52% | 40.76% | 45.38% | 45.18% | 45.31% | 44.23% |
| Operating Expenses | 168.57M | 162.41M | 161.75M | 149.22M | 140.5M | 136.74M | 126.84M | 112.28M | 105.92M | 105.62M | 106.04M | 97.92M |
| OpEx % of Revenue | 57.74% | 57.42% | 59.53% | 59.15% | 60.89% | 65.26% | 65.86% | 62.96% | 63.22% | 69.95% | 77.05% | 77.2% |
| Selling, General & Admin | 85.59M | 82.86M | 79.05M | 75.55M | 70.11M | 70.35M | 63.96M | 57.13M | 55.05M | 55.36M | 55.73M | 49.97M |
| SG&A % of Revenue | 29.32% | 29.29% | 29.09% | 29.95% | 30.39% | 33.57% | 33.21% | 32.04% | 32.85% | 36.67% | 40.5% | 39.4% |
| Research & Development | 82.97M | 79.56M | 82.71M | 73.67M | 70.39M | 66.39M | 62.88M | 55.15M | 50.88M | 50.26M | 50.3M | 47.95M |
| R&D % of Revenue | 28.42% | 28.12% | 30.44% | 29.2% | 30.51% | 31.68% | 32.65% | 30.92% | 30.37% | 33.29% | 36.55% | 37.8% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 44.53M | 43.45M | 35.16M | 33.36M | 23.59M | 13.88M | 13.57M | 18.7M | 16.44M | 4.79M | -4.67M | -4.87M |
| Operating Margin % | 15.25% | 15.36% | 12.94% | 13.23% | 10.23% | 6.62% | 7.05% | 10.49% | 9.81% | 3.18% | -3.39% | -3.84% |
| Operating Income Growth % | 88.72% | 213.02% | 159.02% | 78.41% | 43.52% | 189.51% | 390.66% | 484.38% | 292.97% | 126.42% | 76.84% | 67.64% |
| EBITDA | 44.53M | 47.26M | 38.71M | 36.8M | 27.18M | 17.54M | 16.45M | 20.94M | 18.51M | 6.84M | -3.01M | -3.23M |
| EBITDA Margin % | 15.25% | 16.71% | 14.25% | 14.59% | 11.78% | 8.37% | 8.54% | 11.74% | 11.05% | 4.53% | -2.19% | -2.55% |
| EBITDA Growth % | 63.8% | 169.41% | 135.33% | 75.73% | 46.84% | 156.59% | 645.97% | 748.19% | 373.98% | 140.92% | 83.87% | 76.7% |
| D&A (Non-Cash Add-back) | 0 | 3.81M | 3.55M | 3.44M | 3.59M | 3.66M | 2.88M | 2.24M | 2.07M | 2.04M | 1.66M | 1.63M |
| EBIT | 0 | 43.45M | 35.16M | 33.36M | 23.59M | 13.88M | 13.57M | 18.7M | 16.44M | 4.79M | -4.67M | -4.87M |
| Net Interest Income | 0 | 11.6M | 11.79M | 11.43M | 10.41M | 10.7M | 11.25M | 10.72M | 10.03M | 9.28M | 8.63M | 7.54M |
| Interest Income | 11.81M | 11.6M | 11.79M | 11.43M | 10.41M | 10.7M | 11.25M | 10.72M | 10.03M | 9.28M | 8.63M | 7.54M |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 11.03M | 11.05M | 11.29M | 13.09M | 11.42M | 8.47M | 11.81M | 10.01M | 9.41M | 10.34M | 7.6M | 7.28M |
| Pretax Income | 55.55M | 54.5M | 46.45M | 46.45M | 35.01M | 22.35M | 25.39M | 28.71M | 25.85M | 15.13M | 2.93M | 2.41M |
| Pretax Margin % | 19.03% | 19.27% | 17.09% | 18.41% | 15.17% | 10.67% | 13.18% | 16.1% | 15.43% | 10.02% | 2.13% | 1.9% |
| Income Tax | 12.09M | 12.55M | -245.75M | 1.67M | -125K | 8.45M | 2.03M | 4.36M | -1.1M | 3.02M | 125K | -1.31M |
| Effective Tax Rate % | 21.77% | 23.02% | -529.07% | 3.59% | -0.36% | 37.78% | 7.99% | 15.19% | -4.27% | 19.93% | 4.26% | -54.56% |
| Net Income | 43.46M | 41.95M | 292.19M | 44.78M | 35.13M | 13.91M | 23.36M | 24.35M | 26.96M | 12.12M | 2.81M | 3.73M |
| Net Margin % | 14.89% | 14.83% | 107.54% | 17.75% | 15.23% | 6.64% | 12.13% | 13.66% | 16.09% | 8.03% | 2.04% | 2.94% |
| Net Income Growth % | 23.69% | 201.68% | 1150.83% | 83.9% | 30.34% | 14.77% | 732.21% | 553.72% | 1144% | 186.98% | 115.22% | 124.76% |
| Net Income (Continuing) | 43.46M | 41.95M | 292.19M | 44.78M | 35.13M | 13.91M | 23.36M | 24.35M | 26.96M | 12.12M | 2.81M | 3.73M |
| Discontinued Operations | 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 |
| EPS (Diluted) | 0.93 | 0.90 | 5.95 | 0.91 | 0.72 | 0.31 | 0.47 | 0.51 | 0.57 | 0.25 | 0.06 | 0.08 |
| EPS Growth % | 29.17% | 190.32% | 1165.96% | 78.43% | 26.32% | 24% | 685.95% | 541.51% | 996.23% | 171.43% | 113% | 120.92% |
| EPS (Basic) | 0.93 | 0.90 | 6.36 | 0.98 | 0.78 | 0.31 | 0.49 | 0.56 | 0.63 | 0.28 | 0.07 | 0.09 |
| Diluted Shares Outstanding | 46.63M | 46.63M | 49.14M | 49M | 48.5M | 44.94M | 49.6M | 47.77M | 47.35M | 49M | 46.95M | 46.87M |
| Basic Shares Outstanding | 46.63M | 46.63M | 45.95M | 45.61M | 45.15M | 45.71M | 47.67M | 43.26M | 42.78M | 42.53M | 41.72M | 41.22M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - |