Duolingo, Inc. Income Statement

Income Statement Dec2020 Dec2021 Dec2022 Dec2023 Dec2024
Revenue & cost
Revenue 161.70M250.77M369.50M531.11M748.02M
Cost of Revenue 45.99M69.19M99.43M142.10M203.65M
Gross Profit 115.71M181.59M270.06M389.00M544.38M
Operating items
Research & Development 53.02M103.83M150.44M194.35M235.30M
Selling, General & Administrative 43.71M78.59M117.85M132.12M155.99M
Other Operating Expenses 34.98M59.17M66.97M75.79M90.49M
Operating Expenses 131.72M241.59M335.26M402.26M481.78M
Operating Income -16.01M-60.01M-65.19M-13.26M62.59M
EBIT -16.01M-60.01M-65.19M-13.26M62.59M
Non-operating items
Non Operating Income 0.09M0.29M0.81M0.65M4.25M
Net income details
EBT -15.71M-59.96M-58.64M17.78M102.31M
Tax Provisions 0.07M0.18M0.94M1.71M13.73M
Profit After Tax -15.78M-60.13M-59.57M16.07M88.57M
Income from Continuing Operations -15.78M-60.13M-59.57M16.07M88.57M
Consolidated Net Income -15.78M-60.13M-59.57M16.07M88.57M
Income towards Parent Company -15.78M-60.13M-59.57M16.07M88.57M
Net Income towards Common Stockholders -15.78M-60.13M-59.57M16.07M88.57M
Additional items
EPS (Basic) -1.24-2.57-1.510.392.04
EPS (Weighted Average and Diluted) -1.24-2.57-1.510.351.88
Shares Outstanding (Weighted Average) 35.89M37.47M40.17M42.01M43.98M
EBITDA -15.78M-60.13M-59.57M16.07M88.57M
Tax Rate 9.62%13.42%