Duolingo Income Statement (2020-2026)

Reported Financials

Duolingo Quarterly Income Statement

Periods 26 quarters

Latest Sep 2026

Duolingo reported revenue of $309.01M and net income of $27.16M for the quarter ended Sep 2026, up 13.7% year over year. This income statement covers 26 quarters of results from Jun 2020 through Sep 2026, standardized by Business Quant from the company’s SEC filings.

Income StatementIncome Statement	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025	Dec2025	Mar2026	Jun2026	Sep2026
Revenue & cost
Revenue	73.01M	81.22M	88.39M	96.07M	103.82M	115.66M	126.84M	137.62M	150.99M	167.55M	178.33M	192.59M	209.55M	230.74M	252.27M	271.71M	282.87M	291.97M	298.45M	309.01M
Cost of RevenueCost of Rev	19.95M	21.49M	23.87M	26.30M	27.77M	31.49M	33.79M	36.25M	40.57M	45.19M	47.35M	52.18M	58.93M	66.65M	69.68M	74.80M	77.00M	78.87M	81.71M	83.88M
Gross Profit	53.06M	59.73M	64.52M	69.76M	76.05M	84.17M	93.05M	101.37M	110.41M	122.36M	130.98M	140.41M	150.63M	164.10M	182.58M	196.91M	205.87M	213.10M	216.74M	225.13M
Operating items
Research & DevelopmentR&D	30.02M	29.78M	34.22M	41.98M	44.47M	45.84M	47.95M	50.31M	50.26M	50.88M	55.15M	62.88M	66.40M	70.39M	73.67M	82.71M	79.56M	82.97M	92.20M	107.75M
Selling, General & AdministrativeSG&A	25.95M	26.86M	30.06M	30.23M	30.71M	30.24M	32.24M	33.40M	36.25M	35.11M	36.96M	38.39M	45.53M	43.45M	45.99M	43.96M	48.49M	46.35M	50.59M	51.03M
Other Operating ExpensesOther Opex	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	42.16M
Operating ExpensesOpex	70.48M	71.58M	79.55M	89.93M	94.21M	92.69M	97.92M	106.04M	105.62M	105.92M	112.28M	126.84M	136.74M	140.50M	149.22M	161.75M	162.42M	168.57M	182.80M	200.94M
Operating IncomeOp. Inc	-17.42M	-11.85M	-15.03M	-20.16M	-18.15M	-8.52M	-4.87M	-4.67M	4.80M	16.44M	18.70M	13.57M	13.88M	23.59M	33.36M	35.16M	43.45M	44.53M	33.95M	24.20M
Non-operating items
Non Operating IncomeNon Op. Inc.	-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	-1.06M
Net income details
EBIT	-17.42M	-11.85M	-15.03M	-20.16M	-18.15M	-8.52M	-4.87M	-4.67M	4.80M	16.44M	18.70M	13.57M	13.88M	23.59M	33.36M	35.16M	43.45M	44.53M	33.95M	24.20M
EBT	-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	35.57M
Tax ProvisionsTaxes	0.11M	0.03M	0.14M	0.05M	0.72M	-0.12M	-1.32M	0.13M	3.02M	-1.11M	4.36M	2.03M	8.45M	-0.13M	1.67M	-245.75M	12.55M	12.09M	12.21M	8.40M
Income After Tax	-17.52M	-12.15M	-15.05M	-18.45M	-13.93M	-2.58M	3.73M	2.81M	12.12M	26.96M	24.35M	23.36M	13.91M	35.14M	44.78M	292.20M	41.95M	43.46M	33.16M	27.17M
Income from Continuing OperationsIncome (Continuing)	-17.52M	-12.15M	-15.05M	-18.45M	-13.93M	-2.58M	3.73M	2.81M	12.12M	26.96M	24.35M	23.36M	13.91M	35.14M	44.78M	292.20M	41.95M	43.46M	33.16M	27.17M
Consolidated Net IncomeConsol Net Inc.	-17.52M	-12.15M	-15.05M	-18.45M	-13.93M	-2.58M	3.73M	2.81M	12.12M	26.96M	24.35M	23.36M	13.91M	35.14M	44.78M	292.20M	41.95M	43.46M	33.16M	27.17M
Income towards Parent CompanyParent Net Inc	-17.52M	-12.15M	-15.05M	-18.45M	-13.93M	-2.58M	3.73M	2.81M	12.12M	26.96M	24.35M	23.36M	13.91M	35.14M	44.78M	292.20M	41.95M	43.46M	33.16M	27.17M
Net Income towards Common StockholdersNet Income	-17.52M	-12.15M	-15.05M	-18.45M	-13.93M	-2.58M	3.73M	2.81M	12.12M	26.96M	24.35M	23.36M	13.91M	35.14M	44.78M	292.20M	41.95M	43.46M	33.16M	27.17M
Additional items
EPS (Basic)	-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	0.58
EPS (Diluted)	-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	0.54
Shares Outstanding	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	46.88M
Shares Outstanding (Diluted)Shares Outstanding (Dil.)	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	49.93M
Shares Outstanding (Entity)Shares Outstanding (Entity.)	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	93.99M
EBITDA	-16.66M	-11.07M	-13.86M	-18.68M	-16.71M	-6.76M	-3.23M	-3.01M	6.84M	18.51M	20.94M	16.45M	17.54M	27.18M	36.80M	38.71M	47.26M	48.72M	38.19M	28.48M
Tax Rate								4.26%	19.93%		15.19%	7.99%	37.78%		3.59%		23.02%	21.77%	26.91%	23.62%

Duolingo Income Statement API

Pull Duolingo's standardized financial statements into your own models, spreadsheets and apps with the Business Quant Financial Statements API. The request below follows the statement, frequency and period selected above. Swap YOUR_API_KEY for your own key.

https://data.businessquant.com/statements?ticker=DUOL&statement=IS&frequency=Quarter&period=all&api_key=YOUR_API_KEY

import requests

url = "https://data.businessquant.com/statements"
params = {"ticker": "DUOL", "statement": "IS", "frequency": "Quarter", "period": "all", "api_key": "YOUR_API_KEY"}

data = requests.get(url, params=params).json()

const res = await fetch("https://data.businessquant.com/statements?ticker=DUOL&statement=IS&frequency=Quarter&period=all&api_key=YOUR_API_KEY");
const data = await res.json();

API documentation

Duolingo DUOL Income Statement (2020-2026)

Duolingo Quarterly Income Statement

Duolingo Income Statement API

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