Duolingo reported revenue of $298.45M and net income of $33.16M for the quarter ended Jun 2026, up 18.3% year over year. This income statement covers 25 quarters of results from Jun 2020 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Income Statement | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue & cost | |||||||||||||||||||||||||
| Revenue | 63.59M | 73.01M | 81.22M | 88.39M | 96.06M | 103.82M | 115.66M | 126.84M | 137.62M | 150.99M | 167.55M | 178.33M | 192.59M | 209.55M | 230.74M | 252.26M | 271.71M | 282.87M | 291.97M | 298.45M | |||||
| Cost of RevenueCost of Rev | 18.08M | 19.95M | 21.49M | 23.87M | 26.30M | 27.77M | 31.49M | 33.79M | 36.25M | 40.57M | 45.19M | 47.35M | 52.18M | 58.92M | 66.65M | 69.68M | 74.80M | 77.00M | 78.87M | 81.71M | |||||
| Gross Profit | 45.52M | 53.06M | 59.73M | 64.52M | 69.76M | 76.05M | 84.17M | 93.05M | 101.37M | 110.41M | 122.36M | 130.98M | 140.41M | 150.62M | 164.10M | 182.58M | 196.91M | 205.87M | 213.10M | 216.74M | |||||
| Operating items | |||||||||||||||||||||||||
| Research & DevelopmentR&D | 29.34M | 30.02M | 29.78M | 34.22M | 41.98M | 44.47M | 45.84M | 47.95M | 50.30M | 50.26M | 50.88M | 55.15M | 62.88M | 66.39M | 70.39M | 73.67M | 82.71M | 79.56M | 82.97M | 92.19M | |||||
| Selling, General & AdministrativeSG&A | 29.61M | 25.95M | 26.86M | 30.06M | 30.23M | 30.71M | 30.24M | 32.23M | 33.40M | 36.24M | 35.11M | 36.96M | 38.39M | 45.53M | 43.45M | 45.98M | 43.96M | 48.49M | 46.35M | 50.59M | |||||
| Other Operating ExpensesOther Opex | 15.27M | 14.51M | 14.94M | 15.28M | 17.72M | 19.03M | 16.60M | 17.73M | 22.34M | 19.12M | 19.93M | 20.17M | 25.57M | 24.82M | 26.66M | 29.56M | 35.08M | 34.37M | 39.25M | 40.01M | |||||
| Operating ExpensesOpex | 74.22M | 70.48M | 71.58M | 79.55M | 89.92M | 94.21M | 92.69M | 97.92M | 106.04M | 105.62M | 105.92M | 112.28M | 126.84M | 136.74M | 140.50M | 149.22M | 161.75M | 162.41M | 168.57M | 182.79M | |||||
| Operating IncomeOp. Inc | -28.70M | -17.41M | -11.85M | -15.03M | -20.16M | -18.15M | -8.52M | -4.87M | -4.67M | 4.79M | 16.44M | 18.70M | 13.57M | 13.88M | 23.59M | 33.36M | 35.16M | 43.45M | 44.53M | 33.95M | |||||
| EBIT | -28.70M | -17.41M | -11.85M | -15.03M | -20.16M | -18.15M | -8.52M | -4.87M | -4.67M | 4.79M | 16.44M | 18.70M | 13.57M | 13.88M | 23.59M | 33.36M | 35.16M | 43.45M | 44.53M | 33.95M | |||||
| Non-operating items | |||||||||||||||||||||||||
| Non Operating IncomeNon Op. Inc. | -0.22M | -0.01M | -0.31M | -0.54M | -0.49M | 0.67M | 0.18M | -0.27M | -1.02M | 1.05M | -0.62M | -0.71M | 0.57M | -2.23M | 1.00M | 1.66M | -0.50M | -0.55M | -0.79M | -0.41M | |||||
| Net income details | |||||||||||||||||||||||||
| EBT | -28.92M | -17.41M | -12.13M | -14.90M | -18.39M | -13.21M | -2.70M | 2.41M | 2.93M | 15.13M | 25.85M | 28.71M | 25.39M | 22.35M | 35.01M | 46.45M | 46.45M | 54.50M | 55.55M | 45.37M | |||||
| Tax ProvisionsTaxes | 0.05M | 0.11M | 0.03M | 0.14M | 0.05M | 0.72M | -0.12M | -1.31M | 0.12M | 3.02M | -1.10M | 4.36M | 2.03M | 8.45M | -0.12M | 1.67M | -245.75M | 12.55M | 12.09M | 12.21M | |||||
| Profit After TaxPAT | -28.97M | -17.52M | -12.15M | -15.04M | -18.45M | -13.93M | -2.58M | 3.73M | 2.81M | 12.12M | 26.96M | 24.35M | 23.36M | 13.91M | 35.13M | 44.78M | 292.19M | 41.95M | 43.46M | 33.16M | |||||
| Income from Continuing OperationsIncome (Continuing) | -28.97M | -17.52M | -12.15M | -15.04M | -18.45M | -13.93M | -2.58M | 3.73M | 2.81M | 12.12M | 26.96M | 24.35M | 23.36M | 13.91M | 35.13M | 44.78M | 292.19M | 41.95M | 43.46M | 33.16M | |||||
| Consolidated Net IncomeConsol Net Inc. | -28.97M | -17.52M | -12.15M | -15.04M | -18.45M | -13.93M | -2.58M | 3.73M | 2.81M | 12.12M | 26.96M | 24.35M | 23.36M | 13.91M | 35.13M | 44.78M | 292.19M | 41.95M | 43.46M | 33.16M | |||||
| Income towards Parent CompanyParent Net Inc | -28.97M | -17.52M | -12.15M | -15.04M | -18.45M | -13.93M | -2.58M | 3.73M | 2.81M | 12.12M | 26.96M | 24.35M | 23.36M | 13.91M | 35.13M | 44.78M | 292.19M | 41.95M | 43.46M | 33.16M | |||||
| Net Income towards Common StockholdersNet Income | -28.97M | -17.52M | -12.15M | -15.04M | -18.45M | -13.93M | -2.58M | 3.73M | 2.81M | 12.12M | 26.96M | 24.35M | 23.36M | 13.91M | 35.13M | 44.78M | 292.19M | 41.95M | 43.46M | 33.16M | |||||
| Additional items | |||||||||||||||||||||||||
| EPS (Basic) | -0.98 | -0.75 | -0.31 | -0.38 | -0.46 | -0.35 | -0.06 | 0.09 | 0.07 | 0.29 | 0.63 | 0.56 | 0.53 | 0.32 | 0.78 | 0.98 | 6.36 | 0.92 | 0.93 | 0.71 | |||||
| EPS (Diluted) | -0.98 | -0.75 | -0.31 | -0.38 | -0.46 | -0.35 | -0.06 | 0.08 | 0.06 | 0.26 | 0.57 | 0.51 | 0.49 | 0.30 | 0.72 | 0.91 | 5.95 | 0.87 | 0.89 | 0.66 | |||||
| Shares Outstanding | 29.53M | 23.43M | 38.59M | 39.27M | 39.75M | 39.47M | 40.62M | 41.22M | 41.72M | 41.45M | 42.78M | 43.26M | 43.71M | 43.50M | 45.15M | 45.61M | 45.95M | 45.77M | 46.79M | 46.70M | |||||
| Shares Outstanding (Diluted)Shares Outstanding (Dil.) | 29.53M | 23.43M | 38.59M | 39.27M | 39.75M | 39.47M | 40.62M | 46.87M | 46.95M | 46.52M | 47.35M | 47.77M | 47.97M | 47.10M | 48.50M | 49.00M | 49.14M | 48.31M | 48.99M | 50.03M | |||||
| Shares Outstanding (Entity)Shares Outstanding (Entity.) | 37.45M | 32.68M | 39.08M | 78.52M | 79.84M | 79.83M | 81.64M | 82.46M | 83.16M | 83.98M | 85.82M | 86.82M | 87.65M | 88.44M | 90.56M | 91.17M | 92.06M | 92.50M | 93.64M | 93.53M | |||||
| EBITDA | -28.70M | -17.41M | -11.85M | -15.03M | -20.16M | -18.15M | -8.52M | -4.87M | -4.67M | 4.79M | 16.44M | 18.70M | 13.57M | 13.88M | 23.59M | 33.36M | 35.16M | 43.45M | 44.53M | 33.95M | |||||
| Tax Rate | -0.18% | -0.62% | -0.23% | -0.95% | -0.29% | -5.42% | 4.30% | -54.56% | 4.26% | 19.93% | -4.27% | 15.19% | 7.99% | 37.78% | -0.36% | 3.59% | -529.07% | 23.02% | 21.77% | 26.91% |