Duolingo Income Statement (2020-2025) | DUOL

Income Statement Jun2020 Sep2020 Dec2020 Mar2021 Jun2021 Sep2021 Dec2021 Mar2022 Jun2022 Sep2022 Dec2022 Mar2023 Jun2023 Sep2023 Dec2023 Mar2024 Jun2024 Sep2024 Dec2024 Mar2025 Jun2025 Sep2025
Revenue & cost
Revenue 28.11M45.30M48.27M55.36M58.80M63.59M73.01M81.22M88.39M96.06M103.82M115.66M126.84M137.62M150.99M167.55M178.33M192.59M209.55M230.74M252.26M271.71M
Cost of Revenue 8.21M13.10M12.86M19.77M16.14M18.08M19.95M21.49M23.87M26.30M27.77M31.49M33.79M36.25M40.57M45.19M47.35M52.18M58.92M66.65M69.68M74.80M
Gross Profit 19.90M32.20M35.41M40.34M42.67M45.52M53.06M59.73M64.52M69.76M76.05M84.17M93.05M101.37M110.41M122.36M130.98M140.41M150.62M164.10M182.58M196.91M
Operating items
Research & Development 9.58M15.89M15.44M22.53M21.94M29.34M30.02M29.78M34.22M41.98M44.47M45.84M47.95M50.30M50.26M50.88M55.15M62.88M66.39M70.39M73.67M82.71M
Selling, General & Administrative 7.27M8.23M20.83M11.45M11.59M29.61M25.95M26.86M30.06M30.23M30.71M30.24M32.23M33.40M36.24M35.11M36.96M38.39M45.53M43.45M45.98M43.96M
Other Operating Expenses 5.51M11.14M9.71M19.77M9.62M15.27M14.51M14.94M15.28M17.72M19.03M16.60M17.73M22.34M19.12M19.93M20.17M25.57M24.82M26.66M29.56M35.08M
Operating Expenses 22.35M35.27M45.98M53.76M43.14M74.22M70.48M71.58M79.55M89.92M94.21M92.69M97.92M106.04M105.62M105.92M112.28M126.84M136.74M140.50M149.22M161.75M
Operating Income -2.46M-3.07M-10.57M-13.41M-0.48M-28.70M-17.41M-11.85M-15.03M-20.16M-18.15M-8.52M-4.87M-4.67M4.79M16.44M18.70M13.57M13.88M23.59M33.36M35.16M
EBIT -2.46M-3.07M-10.57M-13.41M-0.48M-28.70M-17.41M-11.85M-15.03M-20.16M-18.15M-8.52M-4.87M-4.67M4.79M16.44M18.70M13.57M13.88M23.59M33.36M35.16M
Non-operating items
Non Operating Income 0.23M-0.09M-0.03M-0.04M0.30M-0.22M0.24M-0.31M-0.54M-0.49M2.15M0.18M-0.27M-1.02M1.75M-0.62M-0.71M0.57M5.01M1.00M1.66M-0.50M
Net income details
EBT -2.22M-3.15M-10.38M-13.46M-0.17M-28.92M-17.41M-12.13M-14.90M-18.39M-13.21M-2.70M2.41M2.93M15.13M25.85M28.71M25.39M22.35M35.01M46.45M46.45M
Tax Provisions 0.01M0.02M0.02M0.02M0.00M0.05M0.11M0.03M0.14M0.05M0.72M-0.12M-1.31M0.12M3.02M-1.10M4.36M2.03M8.45M-0.12M1.67M-245.75M
Profit After Tax -2.23M-3.18M-10.41M-13.47M-0.18M-28.97M-17.52M-12.15M-15.04M-18.45M-13.93M-2.58M3.73M2.81M12.12M26.96M24.35M23.36M13.91M35.13M44.78M292.19M
Income from Continuing Operations -2.23M-3.18M-10.41M-13.47M-0.18M-28.97M-17.52M-12.15M-15.04M-18.45M-13.93M-2.58M3.73M2.81M12.12M26.96M24.35M23.36M13.91M35.13M44.78M292.19M
Consolidated Net Income -2.23M-3.18M-10.41M-13.47M-0.18M-28.97M-17.52M-12.15M-15.04M-18.45M-13.93M-2.58M3.73M2.81M12.12M26.96M24.35M23.36M13.91M35.13M44.78M292.19M
Income towards Parent Company -2.23M-3.18M-10.41M-13.47M-0.18M-28.97M-17.52M-12.15M-15.04M-18.45M-13.93M-2.58M3.73M2.81M12.12M26.96M24.35M23.36M13.91M35.13M44.78M292.19M
Net Income towards Common Stockholders -2.23M-3.18M-10.41M-13.47M-0.18M-28.97M-17.52M-12.15M-15.04M-18.45M-13.93M-2.58M3.73M2.81M12.12M26.96M24.35M23.36M13.91M35.13M44.78M292.19M
Additional items
EPS (Basic) -0.18-0.25-0.81-1.04-0.01-0.98-0.28-0.31-0.38-0.46-0.35-0.060.090.070.290.630.560.530.310.780.986.36
EPS (Weighted Average and Diluted) -0.18-0.25-0.81-1.04-0.01-0.98-0.28-0.31-0.38-0.46-0.35-0.060.080.060.260.570.510.490.310.720.915.95
Shares Outstanding (Weighted Average) 35.89M35.89M35.89M37.42M37.47M38.63M39.16M39.64M40.17M40.64M41.05M41.54M42.01M42.88M43.12M43.54M43.98M45.24M45.45M45.82M
EBITDA -2.23M-3.18M-10.41M-13.47M-0.18M-28.97M-17.52M-12.15M-15.04M-18.45M-13.93M-2.58M3.73M2.81M12.12M26.96M24.35M23.36M13.91M35.13M44.78M292.19M
Tax Rate 4.30%4.26%19.93%15.19%7.99%37.78%3.59%